General Motors Would Have Been EV Leaders If They Made More EV1s, Says Tesla CEO Elon Musk
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk stated that if General Motors (GM) had made more of its electric EV1 vehicles in the late 90s, there would have been no need for Tesla. Musk believes GM could have been the leader in electric vehicles today. GM recently announced a collaboration with Tesla to integrate Tesla's NACS design into its EVs starting in 2025.
June 19, 2023 | 10:05 am
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Elon Musk said there would have been no need for Tesla if GM had made more EV1s. GM recently announced a collaboration with Tesla to integrate Tesla's NACS design into its EVs starting in 2025.
While Elon Musk's statement highlights Tesla's role in the EV market, the collaboration with GM to integrate NACS design into GM's EVs starting in 2025 is a positive development for Tesla. However, it is not expected to have a significant short-term impact on Tesla's stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Elon Musk believes GM could have been an EV leader if they made more EV1s. GM announced a collaboration with Tesla to integrate NACS design into its EVs starting in 2025.
Elon Musk's statement highlights GM's potential in the EV market. The collaboration with Tesla to integrate NACS design into GM's EVs starting in 2025 could boost GM's position in the EV market and positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100