GM Gains EV Market Share as Tesla Sales Fall 13%

Tesla, the leading U.S. electric vehicle manufacturer, is experiencing a decline in sales, with U.S. deliveries down about 16.7% in the second quarter of 2025 and first-half U.S. sales dropping 13%. Meanwhile, General Motors is gaining market share in the EV sector, reporting a 111% increase in U.S. electric vehicle sales in the first half of 2025, capitalizing on consumer preference for stability amid controversy surrounding Tesla CEO Elon Musk's political involvement. Despite Tesla's sales slump, its stock has shown resilience, rising modestly following multiple announcements from Musk, including a planned shareholder vote on investing in his AI startup xAI and a promised 'epic' year-end product presentation. SpaceX's $2 billion investment in xAI and reports of xAI seeking a $200 billion valuation (which Musk denied) have added complexity to Musk's business ventures, raising governance questions among investors. Tesla's shares have been volatile but maintain a 30% increase over the past year, with some investors optimistic about future growth prospects such as robotaxis. The evolving dynamics between Musk's interconnected companies and Tesla's market performance are closely watched by investors ahead of Tesla's upcoming earnings report.