GM stock slides after $6 billion EV pullback charge — here’s what Wall Street watches next
DETROIT, Jan 10, 2026, 13:02 ET — Market closed General Motors shares dropped 2.7% to close at $82.87 on Friday, following the company’s announcement of a $6 billion charge related to cutting back some of its electric-vehicle investments. Ford shares slipped 1.3%, but Tesla gained 2.1%. The selloff highlights that EV investment is shifting from a land-grab race to a battle over cash and margins. As U.S. policy changes tighten incentives and demand cools, investors are demanding clearer numbers from automakers on what projects will move forward, which will be canceled, and who will cover the costs of parts already