GM Surpasses Tesla in Electric Vehicle Growth with 7% Increase in Q2 Deliveries

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General Motors Company (GM) reported a 7.3% year-on-year increase in sales in Q2 2025, with total deliveries of 746,588 vehicles, following a 16.7% rise in Q1. In the first half of 2025, deliveries rose 12% year over year, marking GM’s best first-half performance since 2019. In contrast, Tesla, Inc. (TSLA) delivered 384,122 vehicles in Q2, a 14% decline from 443,956 in the previous year, marking the second consecutive quarter of double-digit decreases.

GM’s growth is attributed to its ongoing launch of newer models, which include 11 electric vehicle (EV) models. Notably, Chevrolet saw a 134% growth in H1 sales, with the Equinox EV among the top three best-selling EVs. GM holds a 16% EV market share, aiming to invest around $4 billion to enhance U.S. production and navigate governmental impacts.

GM currently has a Zacks Rank #3 (Hold), while TSLA holds a Zacks Rank #5 (Strong Sell). The auto market is estimated to grow at 4%, indicating GM’s significant outperformance.

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