The electric car company said profits climbed 17 percent in the third quarter as strong sales of energy products helped to make up for relatively slow auto sales.
The automaker reported a gain of 6.4 percent for the latest quarter, its first such increase this year.
The automaker said it would invest less in battery-powered cars and scrap a planned electric three-row sport utility vehicle.
Tesla’s drop in profit in the second quarter.
The company led by Elon Musk is selling fewer electric cars, and its big bets on driverless taxis and artificial intelligence could take many years to pay off.
General Motors said the self-driving division’s cars will operate in Dallas, Houston and Phoenix after an accident last year. Human drivers will supervise the cars.
High interest rates, economic uncertainty and a cyberattack appear to have dampened sales in the three months between April and June.
Analysts expect first-quarter results to show a decline in profits, fueling worries that competitors will grab a bigger slice of slowing electric car sales.
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.
La empresa corre el riesgo de rezagarse en la industria que ayudó a crear. ¿Qué pasaría si eso sucede?