I was going to post the whole article but it's pretty long. This is a great read and good pics too
http://www.nytimes.com/2016/09/15/technology/how-did-gm-create-teslas-dream-car-first.html
The Bolt is also proof that, in the car industry, size matters — that even if they may be slow to come around to the latest tech, big automakers can alter the car business even more radically than Tesla has, purely as a function of their bigness.
Mr. Musk, the chief executive of Tesla and SpaceX, has made a habit of embarrassing his naysayers, but there are increasing signs that his little car-company-that-could is nearing the limits of its potential. This spring, Tesla unveiled its own low-priced car, the Model 3, which will sell for $35,000 before rebates, and will go 215 miles on a charge, which is less than the Bolt. About 400,000 people have paid $1,000 to get on the waiting list for the vehicle, which Tesla says will begin shipping to customers in late 2017.
But few industry analysts think Tesla will meet its production goals, and the very fact that there is a waiting list highlights its fundamental hardship. Tesla paved the way for the broad acceptability of electrics, but the Model 3 is, at this point, merely a concept car. G.M.’s Bolt goes on sale this year, and the company will probably be able to make enough to satisfy everyone who wants one.
It’s a delicious irony: Cocky billionaire makes grand promises in a blog post. Ten years later, he gets his wish, in the worst way.
http://www.nytimes.com/2016/09/15/technology/how-did-gm-create-teslas-dream-car-first.html