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GM is taking on Tesla with an all new plug in Cadillac General Motors will go head to head with electric carmaker Tesla unveiling a brand new plug in Cadillac in January the company says 2014 Cadillac ELR two or plug -- we'll have a driving range of 300 miles pitting it directly against -- with popular model S sedan.
But unlike Tesla the electric -- starting price will be around 76000.
Dollars 6000 dollars more than the starting price of the Tesla model less.
Electric carmakers most popular item.
But industry watchers are calling out G yet they say despite the -- while luxury ELR uses the same technology present in the Chevy Volt.
But cost twice as much.
And when it comes to Wall Street traders don't think there's any competition shares of GM are up -- respectable 21% this year but Tesla its shares soaring more than 400%.
This year alone.
Although Tesla stock has been hit in recent days by analysts downgrades and questions over vehicle safety.
Taking a look at the stocks it seems there is little worry on the street that GM will take the market away from Tesla.
For more log on the foxbusiness.com.
In New York I'm Jo Ling Kent.
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