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The Wall Street Journal reports that General Motors Co. (NYSE: GM) is planning to enter the electric-vehicle market in the next two years in an attempt to compete against the upcoming Tesla Model 3. The report indicates that GM will design a similar automobile in style and price point. Shares of GM were down 0.6% in pre-market hours. Shares of Tesla Motors Inc. (Nasdaq: TSLA) fell another 1.9% this morning. Shares of the electric vehicle manufacturer have fallen nearly 30% from 52-week highs due to sliding crude oil prices and new competition.