"General Motors Co has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car as part of a broader effort to get control of bulging inventories of unsold vehicles"
GM's vehicle inventory in the United States hit a 10-year high in June
GM has sold 7,592 Bolts through the first six months of this year
Tesla Motors Inc's Model 3 will offer roughly the same driving range at a similar starting price. Tesla began building Model 3's for customers earlier in July, and has said it has more than 300,000 deposits from prospective buyers.