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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen9/13/2016 9:45:26 AM
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GM’s Chevy Bolt Takes on Tesla With 238-Mile Battery Range

General Motors Co. said its Chevrolet Bolt electric car will be able to go 238 miles on a fully-charged battery, which is farther than the least-expensive versions of Tesla Motors Inc.’s Model S sedan and could beat the much-anticipated Model 3 when it comes out.

The Bolt’s range is an estimate from the U.S. Environmental Protection Agency, GM said in a statement. The car, scheduled to begin sales later this year, is expected to be priced at $37,500 before a federal tax credit of as much as $7,500, the automaker said.

The GM model’s distance on a charge compares with 219 miles for Tesla’s lowest-priced Model S 60, which has a base price of $66,000. Tesla Chief Executive Officer Elon Musk has said the Model 3, which is slated to go on sale late next year at a starting price of $35,000, will be able to go at least 215 miles per charge.

bloomberg.com

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