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Tesla Shares Set To Snap 5-Day Rally After GM Says It Will Manufacture Its Own EV Systems And Motors

• https://www.zerohedge.com by Tyler Durden

General Motors said that it will "put into production an interchangeable 'family' of electric vehicle (EV) drive systems and motors, boosting manufacturing efficiencies as it transitions to a fully electric lineup." The legacy automaker is looking to "build a vertically integrated electric car business," according to Reuters.

The announcement sent a ripple across EV stocks in pre-market trading on Wednesday, with Tesla shares poised to break their recent rally that has driven the stock up more than 35% off its September lows.


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