General Motors shares surged 3.14% to $83.77 following reports that the Trump administration is rescinding federal EV production incentives, facilitating a strategic shift toward high-margin trucks and SUVs.

  • Analysts at Morningstar and Ainvest note the move reduces capital-intensive risks and aligns with GM's recent $7.2 billion realignment charge.
  • The regulatory change supports GM’s 2026 net income guidance of $10.3 billion to $11.7 billion.
  • The company maintains its $6 billion share buyback program as it pivots away from aggressive EV targets.