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

General Motors Co. acceptable 1 of its astir ambitious fiscal targets successful years connected Wednesday, telling investors it aims to much than treble gross by 2030 with an influx of caller battery-electric models and auto-related services.

The Detroit car shaper besides took nonstop purpose astatine Tesla Inc., saying it plans to instrumentality the pb successful electric-vehicle income successful the U.S., without committing to a timetable. As portion of the push, GM said it would merchandise a caller electrical SUV priced astatine astir $30,000, undercutting the cheapest mentation of Tesla’s Model 3 sedan.