General Motors Stock Surges 8% on Strong EV Demand and Upgraded Outlook
General Motors (GM) shares accelerated 8% higher following robust Q3 earnings, fueled by stronger-than-expected electric vehicle demand and an upward revision to full-year profit guidance. The automaker posted $44.26 billion in revenue, narrowly missing the $45.18 billion forecast, while adjusted EPS of $2.80 handily surpassed the $2.27 consensus estimate.
The company now anticipates full-year profits between $12.0 billion to $13.0 billion, significantly raising the bar from previous projections of $10 billion to $12.5 billion. This bullish adjustment reflects growing momentum in GM's EV transition strategy, though the report notably omitted any cryptocurrency or blockchain-related initiatives that could intersect with the automotive sector's technological evolution.
