Market Overview

Kelley Blue Book Analyst: 'I Wouldn't Call The Chevrolet Bolt A Tesla Killer'

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

Aug 2019MaintainsBuy
Jun 2019Initiates Coverage OnOutperform
Feb 2019Initiates Coverage OnBuy

View More Analyst Ratings for GM
View the Latest Analyst Ratings

Posted-In: Alec Gutierrez autoAnalyst Color Travel Exclusives Analyst Ratings Trading Ideas General Best of Benzinga


Related Articles (GM + TSLA)

View Comments and Join the Discussion!

Latest Ratings

WUBABOCOM InternationalDowngrades
DLTROTR GlobalUpgrades
ARCCCompass PointDowngrades
GTYHCitiInitiates Coverage On7.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Citi Names Microchip Technology, Texas Instruments As 'Top Picks'

This Is Why Lululemon Is Up 70% In Four Months