Ahead of the General Motors (GM) earnings call this week, the automaker has new union contracts and is expected to report around $10 billion in earnings. However, challenges remain for GM, including electric vehicle (EV) production constraints and the ongoing effects of an accident involving one of its self-driving subsidiary Cruise’s robotaxis in October.
GM will report Q4 and FY 2023 earnings on Tuesday, and the company said in November it expected to earn almost $10 billion throughout 2023—despite around $1.1 billion being lost during historic six-week strikes from the United Auto Workers (UAW) union.
Analysts will be looking to see how GM plans to manage its upcoming launch of the Equinox EV, despite past production issues. In addition, onlookers will want to see how the automaker can navigate its self-driving unit Cruise this year, after an accident with a pedestrian in October rocked operations at the startup.
ARK Invest’s Cathie Wood: Ford and GM’s EV slowdown may benefit Tesla
Morningstar U.S. Auto Equity Analyst David Whiston says he hopes to see what kind of tone CEO Mary Barra and CFO Paul Jacobsen are setting for 2024 during the call, along with the company’s financial expectations given the recent events (via Automotive News).
According to Whiston, this year “should be at least a solid year for them, if not better.”
Other analysts expect the effects of the UAW strikes to have a larger impact on GM’s 2023 numbers, as highlighted by Bank of America analysts in a BofA Global Research note published last week.
“GM and Ford are likely to post a lighter finish to 2023 given pressures from the UAW strike, which impaired production,” the note said. “The greatest focus [will] be on EV expectations since sentiment on electrification has quickly soured.”
In November, GM also announced a $10 billion share buyback plan to help boost Wall Street confidence following the new UAW labor agreement.
EV Production Constraints at GM
GM has struggled to ramp up production of its Ultium EV platform, partially due to an issue with an automation equipment supplier that significantly delayed assembly of battery modules. Last month, the automaker was forced to issue a stop sale on the Blazer EV to address software quality issues.
In November, Barra highlighted the recent production issues, saying that GM “didn’t execute well this year as it relates to demonstrating our EV capability.” In 2024, however, Barra said she expects production to be “significantly higher.”
GM plans to begin production of its upcoming Equinox EV later this year, expected to be a mass-market vehicle priced around $35,000 with shipping.
“That needs to be a flawless launch,” Whiston added. “There’s a space of affordable EVs that Tesla is not in yet, and you don’t want Tesla to be first.”
GM Self-Driving Subsidiary Cruise Runs into Trouble
Along with GM’s need to smooth things out on the production side, the company’s robotaxi company Cruise has been spiraling since one of its driverless vehicles dragged and pinned a pedestrian in October. The startup’s license to operate self-driving vehicles was immediately revoked by the California Department of Motor Vehicles (DMV), which went on to say that the company “misrepresented” and “omitted” critical details about the accident in its follow-up correspondence with the state.
Since then, the company founders have resigned along with several executives, and the GM subsidiary has laid off almost a quarter of its workforce. Following an independent review of the accident from GM-hired law firm Quinn Emanuel, the results of which were shared last week, it was discovered that a lack of internet connectivity may have hindered Cruise’s ability to share video from the incident with regulators.
Cruise is set to appear before the California Public Utilities Commission (CPUC) in a hearing on February 6.
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News
SpaceX aces Starship test flight 10 with successful payload deployment
The mission began at 6:30 p.m. local time in Starbase, Texas, when the launch of Starship initiated. After about eight minutes, stage separation was completed, and the Super Heavy Booster headed back down to Earth for a planned splashdown in the Indian Ocean:

SpaceX aced its tenth Starship test flight on Tuesday night after multiple delays pushed the mission back to this evening. Originally scheduled for Sunday night, SpaceX had two delays push the flight back to Tuesday, which ultimately provided ideal conditions for a launch attempt.
The tenth test flight of Starship had several objectives, including a successful splashdown of the booster in the Gulf of America, the deployment of eight Starlink simulation modules from the PEZ dispenser, and a splashdown of the ship in the Indian Ocean.
SpaceX successfully achieved all three of these objectives, making it one of the most successful test flights in the Starship program. There was no attempt to catch the booster this evening, as the company had been transparent about it ahead of the launch.
The mission began at 6:30 p.m. local time in Starbase, Texas, when the launch of Starship initiated. After about eight minutes, stage separation was completed, and the Super Heavy Booster headed back down to Earth for a planned splashdown in the Indian Ocean:
Super Heavy has splashed down in the Gulf pic.twitter.com/LGozUAmLt8
— SpaceX (@SpaceX) August 26, 2025
Starship was then the main focus of the rest of the broadcast as it completed its ascent burn and coasted through space, providing viewers with spectacular views as the mission headed toward new territory, including the deployment of Starlink simulators. This would be the first time SpaceX would attempt a payload deployment.
The deployment works like a PEZ dispenser, as the simulators were stacked on top of one another and would exit through a small slit one at a time.
This occurred roughly 20 minutes into the mission:
Open the pod bay door, HAL
Starship deploying @Starlink simulator sats pic.twitter.com/3CSOyulzcJ
— SpaceX (@SpaceX) August 26, 2025
An hour and six minutes into the flight, Starship reached its final destination, which was the Indian Ocean. A successful splashdown would bring closure to Starship’s tenth test flight, marking the fifth time a test flight in the program’s history did not end with vehicle loss.
It was also the first of four test flights this year that will end with Starship being recovered.
Splashdown confirmed! Congratulations to the entire SpaceX team on an exciting tenth flight test of Starship! pic.twitter.com/5sbSPBRJBP
— SpaceX (@SpaceX) August 27, 2025
SpaceX is expected to launch Starship again in approximately eight weeks, pending the collection of data and other key metrics from this flight.
News
WATCH: SpaceX attempts Starship’s tenth test flight after two delays
This evening, SpaceX has already stated that conditions appear to be approximately 45 percent favorable for launch. This is ten percent less than last night, when the mission was eventually scrapped around 7 p.m. local time.

SpaceX is set to launch Starship tonight, provided the weather cooperates and everything with the ship goes smoothly.
This is SpaceX’s third attempt to launch Starship for its tenth test flight, with Sunday’s and Monday’s attempts both being scrapped due to a leak and unfavorable weather conditions on the respective days.
This evening, SpaceX has already stated that conditions appear to be approximately 45 percent favorable for launch. This is ten percent less than last night, when the mission was eventually scrapped around 7 p.m. local time.
Propellant load of the upper stage and Super Heavy booster is already underway, and the launch is expected to occur at 6:30 p.m. in Starbase, Texas.
You can watch the tenth test flight of Starship below via SpaceX:
Watch Starship’s tenth flight test → https://t.co/UIwbeGoo2B https://t.co/BFrpQPQFUw
— SpaceX (@SpaceX) August 26, 2025
News
Tesla one-ups Waymo once again with latest Robotaxi expansion in Austin
Tesla’s new Robotaxi geofence measures roughly 171 square miles of Austin’s downtown and suburbs. This is more than double the size of Waymo’s geofence, which measures 90 square miles.

Tesla’s expansion of the Robotaxi geofence on Tuesday morning was a one-up on Waymo once again, as the automaker’s service area growth helps eclipse its rival in an intense back-and-forth.
A lot of conversation has been made about Tesla’s rivalry with Waymo in terms of the capabilities of its driverless ride-sharing service in Austin, Texas.
The two companies have sparred with one another, answering each other’s expansion, and continuing to compete, all to the benefit of consumers in the region.
Tesla expanded the geofence of Robotaxi once again this morning, and it is another growth that catapults it past Waymo’s service area in Austin — this time by a considerable margin.
Comparison of Tesla’s vs Waymo’s Robotaxi geofence map in Austin, Texas.
Today, @Tesla again massively expanded their geofence area, making it significantly bigger than Waymo’s. pic.twitter.com/tHLJ2qabZJ
— Sawyer Merritt (@SawyerMerritt) August 26, 2025
Tesla’s new Robotaxi geofence measures roughly 171 square miles of Austin’s downtown and suburbs. This is more than double the size of Waymo’s geofence, which measures 90 square miles.
On July 14, Tesla officially overtook Waymo in terms of service area in Austin. But just a few days later, Waymo had responded with a bold statement, expanding from 37 square miles to 90 square miles.
Sarfraz Maredia, Global Head of Autonomous Mobility & Delivery at Uber, said the move “unlock[ed] another key milestone in Austin as our operating territory with Waymo expands from 37 to 90 square miles, which means that even more riders can experience Waymo’s fully autonomous vehicles through the Uber app.”
Tesla did not respond immediately, but it took its time with validation vehicle testing in the Austin suburbs, as we reported yesterday:
Tesla looks to expand Robotaxi geofence once again with testing in new area
Today’s expansion is perhaps the biggest step Tesla has taken in its efforts to continue to grow its Robotaxi platform. This is not only because the company has significantly expanded the size of the geofence, but also because it has ventured into suburban areas and even included Gigafactory Texas in its service area.
Waymo could come up with another timely response as it did when Tesla expanded in late July. We’ll wait to see what it comes up with, as this awesome competition between the two companies is accelerating innovation.
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