Story Details

The Impact To Tesla Stock Of GM's Chevrolet Bolt

Posted By GMbeat on Articles

http://seekingalpha.com - For the first time in Tesla's history, a direct competitor will be in the market: GM’s Chevrolet Bolt EV. It will hit that magic $35,000-ish price point at least 6-12 months before Tesla's Model 3. Production of the Bolt is already underway, but the first units are being tested for durability and quality before orders begin later in the year. There is a case to be made for the Bolt reducing the "scarcity premium" justifying Tesla's high stock market valuation. It remains to be seen whether GM will go from "playing nice" in its marketing against Tesla, to something far more aggressive.

Submit a Comment

Log in to comment or register here