Tesla shares fall on GM competition $tsla $gm $f

Tesla shares fall on GM competition $tsla $gm $f

 General Motors Co. GM -0.30%  said it is creating amodel for roughly $30,000 that gets 200 miles out of one charge, according to a report in The Wall Street Journal, cheaper than the Tesla Model S that starts at $70,000. But GM didn’t disclose when the car would be available. Tesla shares fell more than 1% premarket.