TSLA - GM Once Ignored Tesla At Its Peril Says Nikola CEO: How Auto Industry's Dismissal Gave The Elon Musk-Led Company A 10-Year Jumpstart Over Rivals | Benzinga
General Motors Corp. (NYSE:GM), which is far behind Tesla, Inc. (NASDAQ:TSLA) in the electric vehicle race, once did not attach much significance to the latter or its EV dreams.
What Happened: GM executives once shrugged off Tesla as a "bunch of engineers playing with laptop batteries," said Nikola CEO Steve Girsky in a CEO chat and Q&A session the EV truck maker posted on its YouTube channel.
Girsky is a longtime automotive industry executive, and his Tesla comments came while he explained Nikola's potential opportunity.
The veteran joined GM in 2009 and it was at that time he elicited opinions about Tesla from executives at the legacy automaker. ...