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Tesla Model 3. Photo: Smith Collection/Gado/Getty Images

While Tesla shares went into Ludicrous Mode this week, GM executives were on Wall Street pitching investors on their own vision of an electric, self-driving future. But as Bloomberg notes, the market isn't buying.

Why it matters: GM may be investing billions to transform its business for the future, but to many investors, Tesla's lead in the fledgling electric vehicle market is seen as insurmountable.

Catch up quick: During a four-hour presentation Wednesday, GM laid out an aggressive plan to extend its EV lineup and expand availability of its Super Cruise driver-assistance technology.

  • GM President Mark Reuss highlighted the versatility of GM's new electric-vehicle architecture, which can be scaled up or down to make everything from compact cars to big trucks and SUVs.
  • In all, GM plans 20 different EVs by 2023. So far, it's described a Hummer EV truck, a Cadillac crossover and a ride-sharing shuttle, the Cruise Origin.
  • GM plans to unveil more details about its EV strategy on March 4.
  • Reuss also said 22 GM models will have Super Cruise by 2023, including its full-size pickups and SUVs.

But it's not easy chasing Tesla, which sparked the market for EVs a decade ago and later convinced many that cars could drive themselves on Autopilot (even though it's not true).

  • Bloomberg sums it up: "While GM and others are racing to put out models that can match Tesla's lineup, Elon Musk's company still has the iPhone of electric cars and no one has come up with the EV equivalent of an Android to defeat them."

Go deeper:

Go deeper

Rep. Rice demands Cuomo resign after 3rd woman accuses him of misconduct

New York Gov. Andrew Cuomo during a February news conference in New York City. Photo: Seth Wenig/POOL/AFP via Getty Images

Rep. Kathleen Rice (D-N.Y.) on Monday evening called for New York Gov. Andrew Cuomo (D) to resign, after a third woman accused him of inappropriate behavior.

Driving the news: Anna Ruch, a former member of the Obama administration and the 2020 Biden campaign, told the New York Times Monday that Cuomo asked to kiss her at a New York City wedding reception in September 2019.

Scoop: Inside the GOP's plan to retake the House

House Minority Leader Kevin McCarthy. Photo: Elijah Nouvelage/Bloomberg via Getty Images

House Republicans will reclaim their majority in 2022 by offering candidates who are women, minorities or veterans, a memo obtained by Axios says.

Why it matters: The document, drafted by a super PAC blessed by House Minority Leader Kevin McCarthy, names top Democrats to target — Jared Golden of Maine, Matt Cartwright of Pennsylvania and Ron Kind of Wisconsin — and the type of Republican candidates to beat them.

3 hours ago - Politics & Policy

Scoop: Trump talked out of early Ohio endorsement

Jane Timken at a 2017 Trump rally. Photo: Kyle Mazza/NurPhoto via Getty Images

Donald Trump had to be talked out of making an early endorsement in Ohio's 2022 U.S. Senate race, a sign of his eagerness to reengage politically, people familiar with the conversations tell Axios.

What we're hearing: The former president discussed endorsing former state GOP chair Jane Timken last week during a meeting at Mar-a-Lago with RNC Chairwoman Ronna McDaniel, but top advisers — including Donald Trump Jr. — urged him to wait.