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

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After General Motors Company 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 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

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Posted In: Analyst ColorTravelExclusivesAnalyst RatingsTrading IdeasGeneralAlec Gutierrezautoelectric vehiclesGeneral MotorsKelley Blue BookNorth American International Auto ShowTesla
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