GM Q1 Report Offers Insight into Automaker's Future Prospects
- GM is expected to report Q1 results on April 25 with strong gains in U.S. deliveries and continued growth in electric vehicle sales.
- GM delivered about 20,000 electric vehicles over the quarter and is on track to sell about 50,000 EVs over the first half of this year.
- GM's margins for the quarter could potentially be helped by stronger volume, rising market share, and cooling inflation.
- GM is optimistic about its long-term prospects, intending to double revenue to between $275 billion and $315 billion by 2030, driven in part by growth in EVs, software, and self-driving technology.
- GM's first-quarter report will reveal a lot about the company's performance and its battle for electric-vehicle market share against competitors like Tesla.