GM spokeswoman Michelle Malcho told the Wall Street Journal this past thursday, that GM is planning production of some 20.000 to 30.000 Chevrolet Bolts. That’s is 1/10th to 1/20th the amount that Tesla is aiming for production of their 2018 deliveries, raing serious questions as to how serious GM is with their new EV platform. Instead of using this clear advantage over their competitors, including Tesla, by releasing a BEV of 200+ miles range later this year, these news seem to suggest that the lead of 12 months over Teslas launch of the Model 3 at $35.000,-, is nothing but marketing buzz, without any plans of actual mass-production of the vehicle. This also raises serious concerns for when Europeans can expect their Opel/Vauxhall Ampera-E’s in stores.
All in all, not good news for the EV-industry as a whole, but it only means that even more customers might consider a Tesla Model 3, as there really won’t be any other vehicle on the market that offers close to the same features, services (charging infrastructure) and price for a 200+/320+ miles/km (EPA standard) BEV.
Time to buy some TSLA stock?