How High Can Sales Rise for General Motors' Electric Chevy Bolt?
General Motors (NYSE: GM) said it delivered 2,052 Chevrolet Bolt EVs in the United States in August. It was the best month yet for the little electric crossover.
The expectations (and hype) around Tesla's (NASDAQ: TSLA) Model 3 continue to rise, and it's likely that the Model 3's sales will eclipse the electric Chevy's before long. But the Bolt is still the only vehicle seen as anything close to a Tesla rival, and it has now quietly posted six consecutive months of rising sales.
Tesla will probably be selling tens of thousands of Model 3s a month before long. But GM has always had much more modest ambitions for the Bolt: What's the likely upper limit for the little electric Chevy's sales?
Source: Fool.com
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