General Motors Finds Itself in a Jam

General Motors is still churning out healthy profit—just not on the electric vehicles or potentially autonomous ones that investors care most about.

GM’s third-quarter results on Tuesday came in better than expected. Net income of roughly $3.1 billion was down 7% from a very strong quarter last year, but higher than the $2.5 billion consensus that analysts had penciled in, according to FactSet.