General Motors' Bolt EV Deliveries Hit New High

One day after electric-car maker Tesla (NASDAQ: TSLA) said production bottlenecks were suppressing the first Model 3 deliveries, General Motors (NYSE: GM) announced that deliveries of its similarly priced Bolt EV are beginning to climb to more meaningful levels. While Tesla believes its Model 3 production and deliveries will surge far higher than GM's Bolt production and deliveries in the coming quarters, GM remains the only automaker selling a reasonably priced all-electric vehicle with more than 200 miles of range in worthwhile volumes.

Bolt EV. Image source: General Motors.

"Bolt EV had its best month ever with 2,505 retail deliveries and 2,632 total deliveries," GM said on Tuesday.

Source: Fool.com