Kelley Blue Book Analyst: 'I Wouldn't Call The Chevrolet Bolt A Tesla Killer'
After General Motors Company (NYSE: GM) unveiled its new Chevrolet Bolt concept car at the North American International Auto Show, Kelley Blue Book Senior Analyst Alec Gutierrez said he loves the thought of a 200-mile ranged electric vehicle for $30,000.
“Stick before tax rebates will be close to $37,000, but this shouldn’t matter since this will likely have a solid lease right out of the gate,” he said.
Gutierrez also said he wouldn’t call it a Tesla Motors Inc (NASDAQ: TSLA) killer, but said this sets the bar pretty high for the mass-production Tesla Model 3, expected out in 2017.
General Motors wa trading about 0.5 percent higher, while shares of Tesla were roughly 2.69 percent down.
Image Credit: Public Domain
Latest Ratings for GM
|Sep 2016||Nomura||Initiates Coverage on||Neutral|
|Sep 2016||Morgan Stanley||Upgrades||Equal-Weight||Overweight|
|Aug 2016||Jefferies||Initiates Coverage on||Hold|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.