GM is teasing a new Chevy Corvette supercar and it’s an EV
Is this our first look at the all-electric Corvette we’ve been waiting for? GM just previewed a new Chevrolet Corvette EV concept, giving us a glimpse of what the next-gen Vette could look like. GM also teased a new GMC concept for the first time.
GM previews new Chevy Corvette EV concept
The new concept was crafted by GM’s advanced new UK design studio in Royal Leamington Spa. GM celebrated the Studio’s grand opening on Monday as it prepares to launch Corvette sales across the UK and Europe.
GM’s design team took the opportunity to rethink what a Corvette could be with a true blank-page approach,” including an EV powertrain.
Although you can tell it’s a Corvette with a few iconic design elements subtly included, it almost has more of a Ferrari or Porsche supercar feel. With the gull wing doors open, it looks like the Porsche Mission X hypercar concept.
The split rear window is a nod to the classic 1963 Chevrolet Corvette Stingray, while the full wrap-around glass gives you a full view of your surroundings, or what GM calls “Apex Vision.”
GM’s UK team designed the concept in two distinct halves. The upper section maintains classic Corvette elements “but in a futuristic manner.” The lower half is specifically designed to house EV battery tech.
The design draws inspiration from the aviation industry to maximize aerodynamics and efficiency. GM designed the vehicle for both on-track performance and everyday on-road driving, or “Aero-Duality.”
When you’re on the track, added dorsal fins deploy to give you better control when turning at high speed. The Chassis is racecar-inspired, with a pushrod suspension set-up. When you’re not racing, the air is directed through the vehicle, with functional intakes and vents to boost range and efficiency.
Although it’s just a glimpse, the interior will include an augmented-reality head-up display (HUD) on the windshield.
At 4,669 mm long, 2,178 mm wide, and 1,03 mm tall, the concept is slightly longer and much shorter than the Corvette C8. That’s about the size of a Ferrari SF90 Stradale (4,710 mm long, 1,972 mm wide, and 1,186 mm tall).
The new Chevy Corvette EV is part of a global GM design study with more concepts planned throughout 2025. GM’s design team also teased a first glimpse of a GMC concept (shown below), which we will see later this year. The new concept was developed with its GMC design team in Detroit.
GM said its new UK studio shows its commitment to Europe as it expands Cadillac EV sales and prepares to launch the Corvette brand.
What do you think of the electric Corvette supercar concept? Will we see it come to life at some point? GM said there is “no production intention behind this concept,” but it will likely influence the next generation of Corvette in some way. Stay tuned for more details soon.
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Lucid Motors (LCID) is recruiting more high-profile stars to spotlight its new luxury electric SUV, the Gravity.
The luxury EV maker is teaming up with some of the NBA’s biggest stars, Jalen Brunsen and Josh Hart, in its latest collaboration.
Lucid enlisted Jalen and Josh, teammates on the New York Knicks, for a new market campaign designed to celebrate “those who refuse to settle for the status quo.”
Keep a lookout this Wednesday, October 22, during the New York Knicks home opener against the Cleveland Cavaliers to see Jalen and Josh hype the Lucid Gravity electric SUV.
Lucid, Hart, and Brunson plan to showcase “how precise performance, cultural influence, and athletic excellence come together — on the court, on the road, and in the moments that move individuals.” The partnership is the latest as Lucid builds a roster of high-profile celebrities and athletes to promote the brand.
“To be one of the best, you have to be willing to do whatever it takes,” Brunson said, adding “It’s a commitment to improving every day, and never accepting that you can’t reach that next level. I see that same passion for excellence in Lucid.”
Lucid said the collaboration “underscores the brand’s mission to compromise nothing” as it builds a roster of high-profile celebs and athletes to promote the new Gravity electric SUV.
In August, Lucid teamed up with Timothée Chalamet, its first global brand ambassador, for an ad campaign called “Driven.”
Lucid also attended NFL star Travis Kelce’s, Kelce Car Jam last month. For every test drive, Lucid donated $87 to Kelce’s Eighty-Seven and Running Foundation. Kelce founded Eighty-Seven & Running in 2015 to mentor disadvantaged youth, help develop their skills, and motivate them to get out and do their best.
As it ramps up output, the EV maker has been actively promoting the Gravity. Last week, Lucid trolled Tesla on social media in a video asking Elon Musk’s Grok, “What’s the best luxury EV?”
Grok’s answer: The 2025 Lucid Air. Do you agree? ChatGPT and CoPilot said the same.
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Elon Musk has openly threatened to leave Tesla, or at least his role as CEO, if he doesn’t get his ridiculous compensation.
He is now saying the quiet part out loud.
Tesla shareholders are about to vote on a new, controversial compensation package for Elon Musk.
While many are focused on the ridiculous size of the stock options, which could be worth up to $1 trillion, many analysts have highlighted other problems with the package.
A Reuters report last week noted that, with business as usual and a market capitalization growth below the S&P average, Musk could still receive one or even two tranches of his compensation package, worth between $20 billion and $40 billion.
In short, under the rules of the package, Musk could receive the biggest payday in history for returning below average returns.
That’s on top of the CEO already having received more compensation from Tesla than the company has earned in profits since its existence.
One commentator on X pointed out the concern about the first tranche of the compensation plan. Instead of addressing the genuine concern, Musk responded by boasting about Tesla’s market capitalization and suggesting that he won’t be Tesla’s CEO if he doesn’t get the pay:
Tesla is worth more than all other automotive companies combined. Which of those CEOs would you like to run Tesla? It won’t be me.
The CEO then shared posts encouraging Tesla shareholders to vote for the shareholders meeting, which is happening on November 6th.
Electrek’s Take
There are many issues with this comment. First off, it completely ignores a real problem with the comp package. Even if you believe that Musk would deserve $1 trillion in compensation for bringing Tesla’s valuation to $20 trillion, the package shouldn’t allow for Musk to make tens of billions from below average return.
It looks like the package is being used as a trojan horse to dazzle shareholders with the promise of unlikely crazy returns when the more likely outcome is to give Musk what would still be a record compensation for Tesla delivering a below average return on investment.
The fact that Musk doesn’t want to address this clear issue is a red flag.
Furthermore, Musk is using a dirty card: you play by my rules or I’m gone.
This is what I previously called the ‘Tesla Dilemma’: Elon Musk is destroying Tesla’s profitable car business, but at the current valuation, his lies about self-driving and robots is what is keeping the stock alive.
Therefore, Tesla shareholders are disincentivized to vote against Musk if he threatens to leave because he would leave with his stock pumping lies – leading in the stock crashing.
He has a complete hold on Tesla and he is going to force shareholders to give him another ridiculous stock compensation package.
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