10 Firms Kick Off 2025 Trading in The Red

7. General Motors Co. (NYSE:GM)

Shares of General Motors Co. fell for a third day on Thursday, losing 3.57 percent or 1.90 points to finish at $51.37 apiece as investors sold off positions over concerns about automakers’ vehicle sales.

The decline came after Tesla (NASDAQ: TSLA) fell for the first time in history, having only delivered 1.79 million vehicles during the year as compared with 1.81 million in 2023.

In addition, concerns were hounding US and European automakers following statements that Chinese EV makers are already taking the front seat in the industry.

Meanwhile, China’s BYD posted its best-ever sales in the fourth quarter of 2024.

According to the company, it sold 1.76 million electric cars in 2024. The total was only part of the 4.25 million car sales, which included its hybrid vehicles.