Speculation is building that electric car maker Tesla Motors could become an acquisition for a major Detroit automaker—not just a tech company like Apple.
Veteran trader Yra Harris of Praxis Trading told CNBC this week that he predicts Tesla may be sold to General Motors in the coming year.
GM, like the other Big Three automakers, has had only limited success with electric vehicles. By the end of October, GM had sold less than 19,000 of its Chevy Volts, down almost 3% from last year. Ford sells fewer than 200 Ford Focus Electric vehicles each month. Both companies offer steep discounts to lure in buyers.