General Motors (GM) and Ford have outperformed Tesla in terms of revenue and net income for their first quarter. Despite Tesla's market value being over $517 billion, analysts predict that GM's profit will rise 23% this year while Ford's remains flat. In contrast, Tesla's profit is expected to plunge 17%. The difference lies in consumer demand, with hybrid vehicle sales outpacing electric vehicles (EVs). As a result, automakers are adjusting their EV growth plans and focusing on hybrid models instead.