Should GM's (GM) New Cadillac EV Have Tesla (TSLA) Holders Worried?
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General Motors (NYSE: GM) unveiled a new Cadillac-branded electric vehicle (EV) concept today as it moves to push more buyers onto the Chevy Volt platform.
And Tesla Motors (Nasdaq: TSLA) shareholders seem unimpressed.
The vhicle is called the Cadillac ELR. It has the same 435-pound, 5.5-foot long, T-shaped battery pack found in the Volt. The battery will be able to take the user 35 miles using nothing but electricity...but do so in a much-more stylish manner.
Comparing the concept to Tesla and its Model S is a bit of a stretch, to be sure. A better comparison might be something from BMW, Fisker, or Porsche (Panamera S Hybrid, anyone?).
Expectations are for something carrying the Cadillac moniker to be a little more pricey than the typical GM offering. With the Volt priced at a about $32,000 and base 2013 Model S at $57,000, a Cadillac version may have the right pricing to make Tesla sweat a little.
Really, though, it all comes down to performance. Tesla's newest offering has been largely lauded by auto critics, while the Chevy Volt has met mixed reviews.
Tesla is up 0.4 percent today, while GM is trading lower.
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And Tesla Motors (Nasdaq: TSLA) shareholders seem unimpressed.
The vhicle is called the Cadillac ELR. It has the same 435-pound, 5.5-foot long, T-shaped battery pack found in the Volt. The battery will be able to take the user 35 miles using nothing but electricity...but do so in a much-more stylish manner.
Comparing the concept to Tesla and its Model S is a bit of a stretch, to be sure. A better comparison might be something from BMW, Fisker, or Porsche (Panamera S Hybrid, anyone?).
Expectations are for something carrying the Cadillac moniker to be a little more pricey than the typical GM offering. With the Volt priced at a about $32,000 and base 2013 Model S at $57,000, a Cadillac version may have the right pricing to make Tesla sweat a little.
Really, though, it all comes down to performance. Tesla's newest offering has been largely lauded by auto critics, while the Chevy Volt has met mixed reviews.
Tesla is up 0.4 percent today, while GM is trading lower.
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TeslaComments
Huh?
Cool looking car, however, more comparable to a Prius than the model S.
Haha
funny.
You shouldn't be even mentioning Tesla here! no comparison
..'water and oil' perfect!
Water and oil?
A plug in hybrid with a 35 mile electric range VS a 100% electric performance sedan?
There is no comparison, they are not even in the same class.
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Really, GM?
Al on Jan 16, 2013 03:52 PMMark as Spam | Reply to this comment
Next tell us why Toyota should be worried about a Russian Lada.