General Motors said July 22 that tariffs could eventually cost the company $5 billion before the end of the year.

General Motors ( No. 18 on the Fortune 500) reported its Q2 earnings results on Tuesday. The company’s net income fell 35% from the same period last year, as higher costs and uncertainty surrounding the Trump administration’s automotive tariffs resulted in a $1.1 billion hit to its bottom line.

GM stock tumbled following its Q2 earnings despite the company posting better-than-expected numbers. Could Ford also meet the same fate after its Q2 report?

GM stock value fell sharply on Tuesday following the release of the automaker's Q2 2025 earnings report, revealing a hefty 35.4-percent decline in net income.

General Motors has reported a sharp drop in profits as it took a $1.1bn hit in Q2 due to the impact of trade tariffs. It said the net impact reflected ‘minimal mitigation offsets’. Net income was down by over a third on last year at $1.

General Motors valuation remains attractive at 5.0X P/E forward earnings, with solid EV momentum and upside if tariffs ease. Learn more on GM stock here.

Despite a decrease in overall sales for the year, EVs are shining bright in the lead-up to September’s consumer credit deadline.

The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.

General Motors says it lost more than $1 billion in the second quarter because of U.S. tariffs. Stellantis lost more than double that in the first half of the year and blamed a sizeable chunk of that on tariffs, as well.

General Motors Co. in Detroit today reported second-quarter 2025 revenue of $47.1 billion and earnings before interest and taxes (EBIT)-adjusted of $3 billion.

General Motors Co. reported second-quarter earnings that beat analyst expectations, but shares fell 4.1% as profit declined significantly from last year due to weaker performance in its crucial North American market.