COPO, completely agree with your analysis.
And last I heard, Tesla hasn't made a profit without government subsidies, so unless that has changed in recent months/year, then how is that the most valuable tech company if they truly aren't making a profit? There always seemed to be fuzzy math around Tesla and if GM is using them as a target/role model, they're barking up the wrong tree.
Why not do a gentle transition from ICE vehicles to EVs? A much safer and reasonable approach in my opinion. Think about it, if you're doing almost anything and you abruptly change direction, 80-90% of the time you're going to mess up and things aren't going to end well. But if you do a gentle transition, most of the time there will be a successful ending.
Why bet an entire billion dollar company on a technology that needs so much more development on both the battery side and the infrastructure side when you could continue with the ICE vehicles while heavily investing in EVs as they will most likely be the future, but ease into it. There's, IMHO, a 10-20% chance of this working out well for GM really well.
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1968 Camaro Ex-ISCA Show Car - Sold 
On The Lookout For My Next Classic...
John 10:30
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