# Elon Musk's inspiration...GM falls behind?

**URL:** <https://onehack.st/t/elon-musks-inspiration-gm-falls-behind/286508>\
**Category:** News & Articles\
**Tags:** technology\
**Created:** [July 10, 2024, 12:04pm UTC](https://onehack.st/t/elon-musks-inspiration-gm-falls-behind/286508 "2024-07-10T12:04:53Z")\
**Posts on this page:** 1\
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**Author:** ![Bob.Smit](https://onehack.st/user_avatar/onehack.st/bob.smit/32/161700_2.png) [@Bob.Smit](https://onehack.st/u/Bob.Smit)\
**Post date:** [July 10, 2024, 12:04pm UTC](https://onehack.st/t/elon-musks-inspiration-gm-falls-behind/286508/1 "2024-07-10T12:04:54Z")

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Elon Musk’s inspiration for an electric car, GM EV-1. This car was a head of its time. People could not buy them, even at $600-700 a month lease, WITH NO OPTION TO BUY! No one could buy this car. People liked it and it was good for 90s’ technology. GM decided to force take them all back and destroy most of them. GM’s falling behind with technology or a bail-out after almost going bankrupt, after 2008 US housing market crash.  
\*\*\* Time warp – GM, is NOW focusing on EVs.  
Elon Musk bought Tesla stating GM’s EV-1 was an inspiration.  
Modern electric cars are now main stream.  
Article Meaning/Gist: Big companies, no matter how big they are make mistakes. Keep the path!

SOURCE: Wikipedia

> **[General Motors EV1](https://en.wikipedia.org/wiki/General_Motors_EV1)**
>
> The General Motors EV1 is a subcompact car that was produced from 1996 to 1999 by the American automaker General Motors (GM). A two-door, two-seat coupe, it was the first mass-produced and purpose-built battery electric vehicle in history.

SOURCE: Bloomberg  
[https://www.bloomberg.com/news/articles/2024-03-19/gm-s-electric-car-future-rides-on-automated-battery-factory-growth](https://www.bloomberg.com/news/articles/2024-03-19/gm-s-electric-car-future-rides-on-automated-battery-factory-growth)