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GM to tout its electric vehicles to investors swooning over Musk's Tesla

GM is by far the larger manufacturer by volume, and generates more cash and profits. But in the electric vehicle market, Tesla is the leader

Topics
Electric Vehicles | electric cars | Tesla

Reuters  |  DETROIT 

General Motors Co executives on Wednesday will tackle one of their toughest tasks: Persuading investors that a Detroit automaker can catch up with Elon Musk and Tesla Inc as vehicles go electric. Even as global markets reel from coronavirus fears, Tesla's valuation is outpacing that of GM and most other legacy automakers. On Tuesday, Tesla's market cap hovered around $144 billion, more than three times GM's $45 billion. GM is by far the larger manufacturer by volume, and generates more cash and profits. But in the electric vehicle market, Tesla is the leader. Last ...

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First Published: Wed, March 04 2020. 10:18 IST
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