GM Stock Falls After $1.6 Billion EV Writedown. How Trump Policies Are Biting.
1. GM announced a $1.6 billion charge for EV capacity realignment. 2. Slower EV adoption attributed to U.S. government policy changes. 3. GM delivered 66,501 EVs, a 110% increase year-over-year. 4. The removal of tax incentives has affected EV demand negatively. 5. Stock down 3% in premarket trading amid broader market decline.