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GM Built the Electric Car in 1996. Crushed Every One. Tesla Built It and Became Worth $700 Billion
In 1996 General Motors introduced the EV1 — the first mass-produced electric vehicle from a major manufacturer. Silent. Fast. Zero emissions. Drivers described profound emotional attachment. GM leased them out — never selling a single one. In 2002 GM declined and crushed every car at a Burbank facility. One year later Elon Musk co-founded ...
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