November 1, 2018 / 4:00 PM / 9 months ago

GM CEO expects Tesla to be around in the next 10 years

FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S., June 28, 2018. REUTERS/Mike Blake/File Photo

(Reuters) - General Motors Co’s Chief Executive Officer Mary Barra said on Thursday she expects Tesla Inc to be around in the next 10 years, despite the electric carmaker’s troubles with turning around its operations.

It is “highly possible” GM would be competing against Tesla over the next decade, Barra said at the DealBook conference in New York in response to a question on Tesla’s future sustainability.

Reporting by Sanjana Shivdas in Bengaluru

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