I don't think there is any danger of Tesla putting GM out of business. You give Musk much more credit than he deserves. GM is their own worst enemy.
While Tesla does not "have to be profitable" at this point, the whole thing is a big Ponzi scheme. Musk is taking huge deposits and prepayments for cars that are not yet even on the build schedule to finance the production of cars that were long paid for. Sooner or later, this will come home to roost. Somehow, when Tesla fails, I don't expect a government bailout to be forthcoming.
Bear in mind that Preston Tucker was very nearly jailed for less than Elon Musk is doing today.
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Today's Featured Article - Tuning-Up Your Tractor: Secondary Ignition Wires and Distributor - by Curtis Von Fange. In our last episode we spent the entire day checking out the spark plugs. Is that efficency? Actually, it took more time to explain than it really did to do the inspection. At any rate we decided that a compression test was in order so we could verify the internal engine status. That way we wouldn't buy any tune up parts until we were sure that the engine was in reasonable mechanical condition. Our tests showed a fictional compression reading of 85, 80, 82 and 86 psi. That is well within a
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