GM will be at a particular disadvantage over the next few years as their $7,500 EV tax credit ran out last year and went to zero in April this year. All other competitors except Tesla maintain that credit.
Tesla sells half of all electrics in the US so they have both the focus and market share to turn a profit. I also imagine the solar tax credit and their battery business helps. You might remember that the Solar City brand was brought under the Tesla umbrella several years ago.
GM will lose money in the electric car business for several years.
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