GM Sets Ambitious Revenue Target, Challenges Tesla With $30,000 Electric SUV

 GM Sets Ambitious Revenue Target, Challenges Tesla With $30,000 Electric SUV

General Motors Co. set one of its most ambitious financial targets in years on Wednesday, telling investors it aims to more than double revenue by 2030 with an influx of new battery-electric models and auto-related services.

The Detroit auto maker also took direct aim at Tesla Inc., saying it plans to take the lead in electric-vehicle sales in the U.S., without committing to a timetable. As part of the push, GM said it would release a new electric SUV priced at about $30,000, undercutting the cheapest version of Tesla’s Model 3 sedan.

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