Market Overview

Cars.com Executive Editor: 'I Don't Know How Much Of A Threat Chevrolet Bolt Will Be To Tesla Model 3'

Share:

After General Motors Company (NYSE: GM) revealed its Chevrolet Bolt concept car at the North American International Auto Show, Cars.com Executive Editor Joe Wiesenfelder told Benzinga he didn’t know how much of a threat it would be to the Tesla Motors Inc (NASDAQ: TSLA) Model S.

The Bolt will have a range of 200 miles on a single charge and cost about $30,000.

“It really depends on what the Tesla Model 3 ends up being and what the Chevy Bolt ends up being, in regards to pricing, interior quality, range and such,” Wiesenfelder said.

He also mentioned that 200 miles might just be the “up to” number for the Bolt’s range, which he explained means it would be the best-case scenario.

Tesla shares ended the day at $202.21, a 2.15 percent decrease, while General Motors closed 0.7 percent higher at $35.84.

Latest Ratings for GM

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

View More Analyst Ratings for GM
View the Latest Analyst Ratings

Posted-In: Cars.com Joe Wiesenfelder Chevrolet General Motors North American International Auto Show tesla motorsAnalyst Color Exclusives Analyst Ratings

 

Related Articles (GM + TSLA)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
CERNUpgrades
CERNUpgrades
ORBCUpgrades
TREXInitiates Coverage On
TSCOMaintains115.0
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 vipaccounts@benzinga.com

President Obama Hosts NBA Champion Spurs, Critics Grumble Over Spurned Paris March

NCAA Football National Championship Game, By The Numbers