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GM Takes On Tesla ? And Just Might Win

wochit business
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September 17, 2013 AT 11:57 AM
It may seem laughable to the cutting-edge technologists in Silicon Valley, but the biggest threat to the Valley's beloved and revolutionary carmaker ? Tesla ? just might be doddering old General Motors. GM can be a formidable competitor, however, when it funnels its resources into focused projects, and it plans to develop a car with batteries that will deliver 200 miles on one charge, at a cost of $30,000 or about half the price of a Tesla Model S.