Corvette pusher GM is feeling a bear raid on Wednesday even as execs at the company continue to supremely hype its push to electric vehicles and the profits they believe will rain down on the automaker as a result.

Shares of GM tanked nearly 6% in Wednesday afternoon trading in the wake of the company's third quarter earnings report. Experts told Yahoo Finance there is some disappointment on the Street on how GM's margins and and market share fared in the quarter, as well as cautious comments by execs on the conference call about the inflation outlook.

General Motor's adjusted operating margins plunged 400 basis points to 10.9% as it grappled with plant shutdowns caused by the semiconductor shortage and inflationary headwinds. Meanwhile, GM (GM) said it lost market share in most lines of business in part due to the inability to make enough cars.

"The old school GM bears continue to focus on near term costs and chip issues which is adding to the selling pressure," said Wedbush analyst Dan Ives in an email to Yahoo Finance.

Here is how General Motors performed compared to Wall Street estimates:

• Net Sales: $26.78 billion vs. $26.44 billion

• Adjusted EPS: $1.52 vs. $0.97

GM tried to downplay any fundamental concerns lasting into 2022 by sharpening its full-year outlook.

The company now sees adjusted operating profits at the high-end of its annual guidance of $11.5 billion to $13.5 billion. GM reiterated that it stands to double its annual sales by 2030 and bring operating margins to 12% to 14%.

While the performance in the quarter isn't exactly in line with CEO Mary Barra's long-term optimism, the GM bulls like Ives may hang around... for now.

"We view this as noise as it’s all about the EV conversion story for GM over the coming years which speaks to our bull thesis," Ives added.