General Motors (GM) provided "very strong" guidance for 2025 despite "choppy waters" in the electric vehicle macro, Wedbush said in a note Tuesday.

Wedbush analysts, including Daniel Ives, said the company's above-consensus 2025 adjusted earnings per share guidance of $11 to $12 reflects GM's prudence on cost management, "with continued emphasis on fixed cost discipline and efficiency."

The analysts said the company has "strong tailwinds into 2025 despite EV tax credit uncertainty."

In the EV space, the automaker "was double its EV market share" throughout fiscal 2024 and is planning to debut additional EV models in 2025, which point to "growing EV profitability moving forward."

Wedbush maintained an outperform rating and $60 price target.

GM shares were down nearly 10% in recent Tuesday trading.

Price: 49.83, Change: -5.09, Percent Change: -9.27