Everyone's fixating on [GM's Q2 sales decline](https://www.cnbc.com/2026/07/01/q2-auto-sales-gm-stellantis-toyota-hyundai.html) as proof of EV demand destruction. Wrong culprit. The real knife is USMCA's rules of origin evaporating—suddenly every vehicle sourced from Mexico faces tariff exposure instead of preferred access. GM built its cost structure on this subsidy. Without it, margin math breaks. The forum's shorting the wrong narrative (EV oversupply is real, but it's a demand problem).

Research these companies