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The Wall Street Publication > Blog > Tech > Taking On Tesla Comes at a Cost for GM
Tech

Taking On Tesla Comes at a Cost for GM

Editorial Board Published October 27, 2021
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Taking On Tesla Comes at a Cost for GM
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General Motors pitches itself these days as a growth-focused technology company. It turns out that comes at a price.

On Wednesday, GM reported a 45% drop in third-quarter adjusted earnings before interest and taxes from a year earlier. With the exception of the lockdown-affected spring quarter last year, revenues were the lowest in more than a decade as the chip shortage finally caught up with the Detroit auto maker.

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