Tesla has been said to be taking over from General Motors in the quest for electric cars recently.
According to an article by Arne Alsin on Forbes magazine last week, “Why General Motors May Have Already Lost To Tesla” Alain compared both cars in a racing format.
|Image credit: Green Car Report.|
He said General Motors have spent about $17 million buying back its stock when Tesla is busy investing $5 million into electric motors.
Alain said he is yet to see the effort General Motors is making to strategically pico to electric motor in recent times especially when compared to Tesla.
He added that General motors is playing protect and defend by buying back its stock.