GM says it will produce electric Chevrolet Corvettes : stocks

Some unhealthy information for Tesla after final week’s earnings.

https://www.cnbc.com/2022/04/25/gm-says-it-will-produce-electric-chevrolet-corvettes.html

DETROIT – Basic Motors will produce an electrified Chevrolet Corvette subsequent yr, adopted by an all-electric model of the long-lasting sports activities automobile, GM President Mark Reuss mentioned Monday.

Reuss mentioned the automaker will proceed to fabricate conventional fashions with inner combustion engines alongside the electrified fashions. He declined to reveal when the all-electric Corvette can be launched or whether or not the “electrified” mannequin can be a conventional hybrid or plug-in hybrid electrical car.

“We can have an electrified Corvette subsequent yr, so it’s coming very fast,” Reuss informed CNBC’s Phil LeBeau throughout an interview on “Squawk Field.” “That is along with all the nice efficiency that Chevrolet and Corvette have been recognized for, for a lot of, a few years with our inner combustion engines.”