Elon Musk recently announced the Tesla Model 3, a sub-$40k, 5-seat plug-in electric vehicle (PEV) with a ~200-mile range that is well positioned to change the world. It should be available sometime in late 2017. As of this writing, the company has received over 325,000 deposits ($1,000 each). That said, sometime in late 2016 (a year earlier than Tesla is scheduled to launch the Model 3), GM is going to launch the Chevy Bolt, a sub-$40k, 5-seat PEV with a ~200-mile range that is also well positioned to change the world. As of this writing, GM has received approximately zero deposits to reserve the Bolt, and there's a reason.
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