General Motors (GM) and Tesla (TSLA) are set to report their Q4 earnings on January 27 and January 28, 2025, respectively. Anticipation is tempered by a notable decline in electric vehicle (EV) sales attributed to the expiration of the $7,500 federal tax credit, which has raised concerns over their performance. GM sold 25,219 EVs in Q4 2025, down from 43,982 in Q4 2024, while Tesla’s sales fell to 418,227 from 495,570 during the same period.
GM’s Q4 sales are expected to reach $44.68 billion, a 6% decrease from $47.71 billion in the previous year, but a projected EPS of $2.21 reflects a 15% increase, with potential for an EPS of $2.37 as per Zacks estimates. Tesla anticipates a Q4 revenue drop to $25.11 billion from $25.71 billion, with EPS expected to fall 40% to $0.44. Both companies may exceed earnings expectations despite the challenges they face.
GM reported a record total of 169,887 EV sales for 2025, a 48% increase year-over-year, securing the #2 position in the U.S. EV market behind Tesla. In contrast, Tesla’s total vehicle sales decreased to 1.63 million, down 8% from 2024. While GM’s total vehicle sales rose 5.5% to 2.8 million, Tesla’s data shows falling EPS estimates for FY25 and FY26.
