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Despite a Q3 earnings beat, GM CFO Paul Jacobson said on Tuesday only about 40% of the company’s EVs were profitable on a production, or contribution-margin basis. Speaking with CNBC's Phil LeBeau, Jacobson signaled that the company expects profitability for EVs to take longer than previously expected amid an expected slowdown in adoption. Read more: cnb.cx/4nYEsm1 | CNBC
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Along with its third quarter earnings beat, GM reduced the expected impact of tariffs this year to between $3.5 billion and $4.5 billion, down from $4 billion to $5 billion. GM CFO Paul Jacobson told CNBC that while the impact will be smaller than previously forecast, GM is still "going to figure out how to overcome this" over the longer term. Read more: cnb.cx/4nYEsm1 | CNBC
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