Tyler Crowe

expected tariff refund of about $500 million.

They also notched some one-time costs of about $1 billion related to its pivot in the electric vehicle business strategy that boosted the end results and exceeded investor expectations.

we could probably discuss the pivot to EVs in the middle of a rising gas crisis.

Sounds like an interesting topic for another time.

But Matt, you were the one that put GM on our radar, and it's been a stock you have been really pounding the table for a while.

Looking through the report, what really stood out to you?

doesn't want to be a high-margin software sales company.

Even the autos want to get in on this.

A couple of weeks ago, we did a longer show on the Chinese EV market and how competitive it is.

Talking about the competitive American market, it seems like the Chinese EV market is even more competitive today.

That really bore out because BYD announced its earnings earlier this week as well, and they saw their earnings fall 55%.

Yes, GM's earnings were down from the year prior, but

This is not even close when you're talking about the EV market in China right now.

It shows how competitive the Chinese market and some of the non-U.S.

international markets are compared to what's going on in the U.S.

It seems like, in a lot of the international markets, I hate to use this word because it insinuates things related to trade, but the Chinese electric vehicles are, quote-unquote, flooding the market.

Coming up after the break, we're going to go dip into the mailbag.

Hey, everyone, just a quick reminder.

If you want to get your questions in, we love answering questions.

This is probably at least my favorite segment that we get to do on the podcast.