Tesla (TSLA) is set to unveil its long-awaited Cybertruck EV on Thursday, November 30. While many automakers integrate Tesla's charging technology, questions are rising about the competition with Tesla in the EV landscape. General Motors (GM) CEO Mary Barra sat down with Yahoo Finance Executive Editor Brian Sozzi and weighed in on EV competition, reassuring investors and consumers that GM has the competitive edge and how its portfolio of EVs leaves little to worry about. "When I look at our truck portfolio, and where we stand with trucks today, and the capability of those trucks and what customers really care about, I'm confident that we've got a winning strategy from a truck perspective in the EV market," Barra states. Click here to watch the full interview with GM CEO Mary Barra or you can watch this full episode of Yahoo Finance Live here.
There's no doubt that Tesla (NASDAQ: TSLA) has been one of the single greatest investments in the past decade. Shares have skyrocketed 2,830% since November 2013, a gain that trounces the Nasdaq Composite index by an incredibly wide margin. In other words, Tesla basically spearheaded the EV industry, making these cars more popular among a larger group of people.
Cybertruck, which is two years behind schedule, enters a hot and highly profitable pickup truck market.