General Motors (GM) is set to report its 1Q23 earnings tomorrow, with a conference call scheduled for 8:30 a.m. E.T.

The automaker is expected to post EPS and revenue of $1.73 and $39.38 billion, respectively.

Key takeaways:

Adjusted EBITDA and gross margin are two key metrics that could impact the stock.
Unlike electric vehicle maker Tesla (TSLA), GM has opted to keep prices steady. GM CEO Mary Barra stated during the Q4 earnings call that "the pricing we put out was very appropriate."
GM's gross margin is expected to dip by about one percentage point year-over-year to around 13%
GM's updated FY23 guidance will be closely watched.

GM is targeting 1.0 million EV sales in North America by 2025 as it vies with rival Ford (F) for the #2 spot in the U.S. EV market, behind Tesla.

TECHS:

Adjusted EBITDA and gross margin are key metrics to watch
GM has opted to keep prices steady unlike Tesla
GM's gross margin expected to dip slightly year-over-year
GM's updated FY23 guidance will be closely watched

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