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General Motors Company
Symbol GMM
Shares Issued 1,451,677,428
Close 2017-11-20 U$ 44.88
Market Cap U$ 65,151,282,969
Recent Sedar Documents

Globe/wire say GM sees Tesla unveil a new Roadster

2017-11-20 04:51 ET - In the News

The Globe and Mail reports in its Saturday, Nov. 18, edition that Elon Musk pulled off a Steve Jobs-ian "one more thing" surprise at the unveiling of Tesla's Semi model, rolling a new Roadster sports car out of the back of a big rig on stage. A Bloomberg dispatch to The Globe reports that the semi-truck going into production in 2019 will boast 805 kilometres of range, a battery and motors that will last 1.6 million kilometres, and cheaper total operating costs than diesel models, Tesla's chief executive officer said. The roadster, available a year later, will be the fastest production car ever made, he said. "The point of doing this is to just give a hard-core smack-down to gasoline cars," Mr. Musk touted the Roadster's 1.9-second zero-60 miles per hour time and 998 kilometres of range. "Driving a gasoline sports car is going to feel like a steam engine with a side of quiche." It was crucial for Mr. Musk to wow watchers of the Semi event. Tesla has stumbled out of the gate with the Model 3 sedan. With battery bottlenecks undercutting output, Mr. Musk regenerated hype about future products capable of hauling in more revenue even as he struggles to get existing cars out of the factory.

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