General Motors Company (NYSE:GM) is navigating a complex automotive landscape, contending with rising tariffs and significant capital expenditures, yet the company remains steadfast in its projection of $7.

General Motors said Tuesday it has secured the number two spot in U.S. EV sales behind Tesla, according to CNBC. GM executives said Tuesday the company is focused on improving EV profitability. CFO Paul Jacobson pointed to GM’s mix of gas and electric vehicles as a strategic advantage amid shifting demand.

With federal tax credits ending, the auto giant leans on its profitable gasoline-powered SUVs to fund a longer, tougher road to an all-electric future.

The Detroit giant reported a $1.1 billion year-over-year drop in quarterly revenue.But while the numbers are grim, GM is focusing on the bright spots, including record first-half revenue and growing EV momentum.

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.

Shares of General Motors ($GM) are down 3.6% in pre-market trading at the time of writing, as the automaker warned of bigger impacts from tariffs

According to General Motors Insurance’s website, insurance is now also offered in Arkansas and Colorado. Coverage is offered even to drivers who don’t own a General Motors vehicle. Governor Landry signs executive order to form new alternative accrediting body in Louisiana

General Motors' profit and revenue declined in its second-quarter but the automaker's results managed to easily top Wall Street's expectations and the company stuck by its full-year financial outlook that it lowered in May.