Topics

Posted 10/3/2023, 6:54:00 PM

GM's Electric Vehicle Sales Inch Upwards But Still Lag Behind Promises

GM's Q3 EV sales increased 28% from last quarter but still only make up 3% of total sales, despite claims of being "all-in" on EVs.
The Chevy Bolt had its best quarter ever with 15,835 sales, ahead of being discontinued at the end of 2022.
Hummer EV and Lyriq, GM's first Ultium-based EVs, had record deliveries, suggesting Ultium production is increasing.
A few deliveries of the Chevy Blazer EV and Silverado EV hint mass-market Ultium vehicles are imminent.
GM's total 20,092 EVs delivered is barely ahead of startup Rivian's 15,654, despite GM having over 100 years more experience.

electrek.co

Relevant topic timeline:

9/26/2023

Vehicle Sales Rebound in Q3 as Inventory Recovers, Forecast Raised

The U.S. auto industry is expected to see a strong recovery in the third quarter, with sales volumes in September forecasted to increase by over 13% from 2022, and Q3 sales to surpass 3.9 million, a jump of more than 15% from the same timeframe last year.

9/26/2023

Rivian Soars on Buy Rating and Fisker Ramps Up Deliveries of New Electric SUVs

Rivian's stock rises on predicted Q3 delivery success despite a slight decrease in estimates, while Fisker anticipates a significant increase in EV deliveries in the US and Europe for the fourth quarter.

9/27/2023

Tesla's Q3 Deliveries in Focus Ahead of Next Week's Report, With Estimates Varying Due to Factory Shutdowns

Tesla's Q3 delivery numbers are expected to be released next week, with analysts predicting varying estimates amid potential production and delivery setbacks.

10/1/2023

Tesla to Release Q3 Delivery Numbers Monday as Investors Monitor Demand Amid Supply Chain Woes

Tesla is expected to report its third-quarter vehicle sales, as the electric vehicle leader continues to dominate the market.

10/2/2023

Rivian Doubles Vehicle Production in Q3, Beats Expectations and Remains on Track to Hit 2022 Targets

Rivian reported higher-than-expected Q3 production and delivery numbers, putting the company on track to surpass its annual estimates and produce 52,000 vehicles in 2023.

10/10/2023

Mercedes-Benz Electric Vehicle Sales Surge in US as Demand Rises for New EQS SUV

Mercedes-Benz's electric vehicle sales in the US have risen by 284% in Q3 compared to last year, bringing their market share to nearly 15%, while Ford and GM's market share remains around 3% to 4%.

10/13/2023

EV Sales Hit Record High in Q3 as Affordable Models Gain Traction

US electric vehicle (EV) sales reached over 313,000 in Q3, a nearly 50% increase from a year ago, with Tesla accounting for 50% of total sales, but its market share is decreasing; meanwhile, the overall EV market share reached 7.9%, driven by higher inventory, more product availability, and downward pricing pressure, according to Kelley Blue Book.

10/18/2023

Tesla Q3 Earnings: Profit Squeeze Continues But Signs of Stabilization Emerge Ahead of Cybertruck Launch

Investors are hoping that Tesla's Q3 earnings will help the company recover from underperforming the market in recent months, as factors such as price cuts, slower production of the Cybertruck, and the departure of the CFO have weighed on the stock.

10/18/2023

Tesla to Report Q3 Earnings Today Amid Price Cuts and Margin Concerns

Electric vehicle manufacturer Tesla is set to announce Q3 earnings today, with investors eager to see how price cuts have affected the company's earnings and if it will spark an uptrend for the stock that has been trading sideways recently.

Topics

Posted 10/3/2023, 6:54:00 PM

GM's Electric Vehicle Sales Inch Upwards But Still Lag Behind Promises

GM's Q3 EV sales increased 28% from last quarter but still only make up 3% of total sales, despite claims of being "all-in" on EVs.
The Chevy Bolt had its best quarter ever with 15,835 sales, ahead of being discontinued at the end of 2022.
Hummer EV and Lyriq, GM's first Ultium-based EVs, had record deliveries, suggesting Ultium production is increasing.
A few deliveries of the Chevy Blazer EV and Silverado EV hint mass-market Ultium vehicles are imminent.
GM's total 20,092 EVs delivered is barely ahead of startup Rivian's 15,654, despite GM having over 100 years more experience.

electrek.co

Relevant topic timeline:

9/26/2023

Vehicle Sales Rebound in Q3 as Inventory Recovers, Forecast Raised

9/26/2023

Rivian Soars on Buy Rating and Fisker Ramps Up Deliveries of New Electric SUVs

9/27/2023

Tesla's Q3 Deliveries in Focus Ahead of Next Week's Report, With Estimates Varying Due to Factory Shutdowns

Tesla's Q3 delivery numbers are expected to be released next week, with analysts predicting varying estimates amid potential production and delivery setbacks.

10/1/2023

Tesla to Release Q3 Delivery Numbers Monday as Investors Monitor Demand Amid Supply Chain Woes

Tesla is expected to report its third-quarter vehicle sales, as the electric vehicle leader continues to dominate the market.

10/2/2023

Rivian Doubles Vehicle Production in Q3, Beats Expectations and Remains on Track to Hit 2022 Targets

Rivian reported higher-than-expected Q3 production and delivery numbers, putting the company on track to surpass its annual estimates and produce 52,000 vehicles in 2023.

10/10/2023

Mercedes-Benz Electric Vehicle Sales Surge in US as Demand Rises for New EQS SUV

Mercedes-Benz's electric vehicle sales in the US have risen by 284% in Q3 compared to last year, bringing their market share to nearly 15%, while Ford and GM's market share remains around 3% to 4%.

10/13/2023

EV Sales Hit Record High in Q3 as Affordable Models Gain Traction

10/18/2023

Tesla Q3 Earnings: Profit Squeeze Continues But Signs of Stabilization Emerge Ahead of Cybertruck Launch

10/18/2023

Tesla to Report Q3 Earnings Today Amid Price Cuts and Margin Concerns