GM Shares Surge Over 10% on Strong Q3 Results and Improved Tariff Outlook

General Motors (GM) has seen a significant surge in its stock price following the release of stronger-than-expected third-quarter earnings and an improved full-year outlook. The company raised its annual adjusted core profit forecast to between $12 billion and $13 billion, up from a prior estimate of $10 billion to $12.5 billion, while also lowering its anticipated tariff impact to $3.5 billion to $4.5 billion. GM's third-quarter results surpassed analyst expectations, with adjusted earnings per share at $2.80 and revenue of $48.6 billion, driven by strong sales of gas-powered vehicles like pickup trucks and SUVs. The company took a $1.6 billion charge related to a reassessment of its electric vehicle (EV) strategy amid regulatory changes but expects to reduce EV losses by 2026 through decisive actions addressing overcapacity. CEO Mary Barra credited the company's vehicle portfolio and manufacturing investments, and expressed gratitude for President Trump's tariff relief measures, including a 3.75% MSRP offset program for U.S.-assembled vehicles. GM's strategic adjustments and tariff mitigation efforts position it well to enhance profitability and maintain competitiveness in a shifting trade and regulatory landscape.