Record Truck Profits, a $7 Billion EV Write Off, and a Market That Doesn’t Care

General Motors (NYSE:GM) is trading astatine $73.05 connected Monday, down 10% year-to-date, and the fig driving marketplace temper has thing to bash with motortruck margins. A station from r/wallstreetbets titled "Just arsenic GM, Ford, and instrumentality monolithic EV write-offs, lipid hits $100/barrel" captured the tension. GM conscionable wrote disconnected billions to exit EV capableness close arsenic lipid makes EVs look similar the evident semipermanent play again.

Just arsenic GM, Ford and instrumentality monolithic EV write-offs, lipid hits $100/barrel
by u/superPlasticized successful wallstreetbets

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As the station rubric puts it: "Just arsenic GM, Ford and instrumentality monolithic EV write-offs, lipid hits $100/barrel" — a pointed summary of the strategical whipsaw some automakers present face.

The underlying concern is genuinely beardown arsenic GM's Q4 EBIT-adjusted came successful astatine $2.8 billion, up 13.3% year-over-year, with a Q4 EBIT borderline expanding to 6.1% from 5.3%. North American plants ran astatine 113.7% two-shift utilization, and GM holds a 17.2% stock of the U.S. motortruck market. Management raised the dividend 20% to $0.18 per stock and authorized a caller $6 cardinal buyback. The 2026 guidance calls for adjusted EPS of $11 to $13.

Retail investors are weighing that against 3 things harder to dismiss:

This infographic details General Motors' fiscal show and marketplace sentiment arsenic of March 2026, highlighting the struggle betwixt beardown motortruck profits and important EV strategy costs.

• GM took much than $7.2 cardinal successful peculiar charges successful Q4 alone, tied to EV capableness realignment, producing a nett nonaccomplishment of $3.3 cardinal for the 4th contempt the adjusted net beat.

• Full-year 2025 nett income fell 55.11% year-over-year to $2.70 billion, adjacent arsenic operating currency travel roseate sharply, making reported net hard to spot astatine look value.

• Fleet income arsenic a stock of full measurement climbed to 19.6% from 16.9%, a lower-margin premix displacement that softly pressures the profitability story.

Ford (NYSE:F) faces a akin bind, down 8.6% year-to-date astatine $11.98 aft absorbing $10.7 cardinal successful Model e plus impairments successful Q4 and projecting different $4 to $4.5 cardinal successful EV losses for 2026. Despite achieving its champion U.S. marketplace stock successful six years, Ford trades astatine a guardant income aggregate of 0.28 versus the industry's 3.29. Both companies are generating existent currency and getting astir nary recognition for it. With EV incentives gone, the marketplace is inactive waiting for a coherent reply connected what the modulation really costs.