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With Tesla stock envy, GM hopes to sell investors on its EV, tech future – Source Reuters Tech News

DETROIT (Reuters) – General Motors Co (GM.N) has watched with frustration and envy as the market value of electric carmaker Tesla Inc (TSLA.O) has ballooned to about two and a half times GM’s size, but on Wednesday the Detroit automaker made the case that its EV and self-driving technology strategy deserves a higher value.

FILE PHOTO: General Motors Chief Executive Officer Mary Barra announces a major investment focused on the development of GM future technologies at the GM Orion Assembly Plant in Lake Orion, Michigan, U.S. March 22, 2019. REUTERS/Rebecca Cook/File Photo

GM Chief Executive Mary Barra and top executives hosted an investor conference in New York to convince potential shareholders GM is a burgeoning technology firm at the forefront of tomorrow’s electric and self-driving cars.

“We believe we’re a compelling investment opportunity,” GM Chief Financial Officer Dhivya Suryadevara told reporters after GM reported quarterly results, when asked about the run-up…

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Source Reuters Tech News

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