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The numbers tell the story: In the five years from 2012 to 2016, GM 

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 $16.8 billion on stock buybacks.  Just to give you some perspective, that cash represents 30 percent of the value of the company, assuming GM’s current market cap of $56 billion. Meanwhile, Tesla is investing $5 billion to build the Gigafactory, which will dramatically lower the price of electric vehicle batteries, and help Tesla produce their Model 3 at scale. (
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: We own shares in Tesla.)

By 2020, Elon Musk says, Tesla will have the 

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 up to one million electric vehicles per year.

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