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General Motors Co.’s stock dropped more than 3% Tuesday after the car maker reported better-than-expected first-quarter results, raising its outlook, and said it was ending production of the Chevy Bolt, its mass-market EV, by the end of the year.
GM GM earned $1.69 a share on net income of $2.395 billion, compared with earnings of $1.35 a share and net income of $2.939 billion in the prior year’s quarter. On an adjusted basis, GM earned $2.21 a share, above the FactSet consensus of $1.72 a share.
Revenue…
