Tech and EV Giants Face Stock Slump Amid Mixed Earnings and Soft Guidance in Q2 2025
Tech and electric vehicle (EV) giants faced a challenging Q2 2025 as mixed earnings reports and cautious guidance weighed on their stock performance. Despite a slight overall decline in U.S. EV sales volume to 310,839 vehicles, General Motors stood out by more than doubling its EV sales year-over-year, driven by strong demand for models like the Chevrolet Equinox EV and luxury Cadillac EVs. Tesla’s market share increased slightly to 46%, though its sales dropped 10% year-over-year, while Ford’s EV sales declined. The U.S. EV market share softened slightly to 7.4%, reflecting a more mature market poised for volatility as federal tax incentives approach their September 2025 expiration. Industry experts predict a surge in Q3 EV sales followed by a potential slowdown in Q4 amid economic pressures and shifting consumer demand. This evolving landscape highlights the intensifying competition between legacy automakers and EV startups as they navigate market headwinds and changing policy environments.
