How the Chevy Bolt helps Tesla

The all-electric Chevy Bolt was announced today. With an expected range of 200 miles per charge, the Bolt should be ready for purchase in 2017. While many have called this a "Tesla killer," Business Insider sees it differently:

The greatest obstacle to Tesla’s long-term success is not rival electric cars, but a global transportation infrastructure that is built for gasoline-powered cars rather than battery-electrics. For Tesla to crack the mass market, it needs other major automakers to invest heavily in electric-vehicle technology, including a network of charging stations that would allow for long road trips in battery-powered cars. That’s why the company opened its patents to competitors last year. At this stage in its growth, Tesla wants more rivals, not fewer. So should everyone who believes that burning fossil fuels is bad for the environment.

What does Tesla think about the Bolt - 

We are always supportive of other manufacturers who bring compelling electric vehicles to the market. Tesla applauds Chevrolet for introducing the Bolt, and we are excited to learn more about the product.