General Motors (GM  ) unveiled concepts for an autonomous electric van and a "flying car" on Tuesday during a presentation at CES to rave reception by investors. GM's unveiling came on the heels of Fiat-Chrysler's (FCAU  ) own announcement of a partnership with an air mobility company to reduce the cost of their own "flying car."

GM's EAV is intriguing but not a wholly unfamiliar concept. The autonomous vehicle is similar to other concepts presented by other companies, being designed to ferry passengers from point A to point B without them needing to lift a finger while being eco-friendly due to its electric drive. The leather-seated and carpeted interior stands out from other concepts, appearing more like a VIP lounge than the passenger compartment of a van. Besides the lush interior, passengers will also have access to voice and gesture powered controls for air conditioning, music, lighting, and even aroma.

More intriguing than the EAV was GM's Electric Vertical Takeoff and Landing (EVTOL). The EVTOL concept, which appeared with Cadillac badging during the CES presentation, appears similar to other "flying car"/"flying taxi" concepts unveiled by other companies. Other than its 90kWh engine, GM had no technical specs on hand during the presentation. Based on the presentation, though, the vehicle appears to be an autonomous drone capable of ferrying a single passenger at a time.

GM's EAV is intriguing but not a wholly unfamiliar concept. The autonomous vehicle is similar to other concepts presented by other companies, being designed to ferry passengers from point A to point B without them needing to lift a finger while being eco-friendly due to its electric drive. The leather-seated and carpeted interior stands out from other concepts, appearing more like a VIP lounge than the passenger compartment of a van. Besides the lush interior, passengers will also have access to voice and gesture powered controls for air conditioning, music, lighting, and even aroma.

GM's conceptual EVTOL will face competition from rival Fiat-Chrysler, which announced a partnership with a company specializing in air mobility the same day as GM's presentation. Fiat's partnership with Archer will reduce the production costs of producing Archer's EVTOL while giving Fiat a leg up in the flying car race. Archer's vehicle concept is much larger than GM's and is capable of higher speeds.

More intriguing than the EAV was GM's Electric Vertical Takeoff and Landing (EVTOL). The EVTOL concept, which appeared with Cadillac badging during the CES presentation, appears similar to other "flying car"/"flying taxi" concepts unveiled by other companies. Other than its 90kWh engine, GM had no technical specs on hand during the presentation. Based on the presentation, though, the vehicle appears to be an autonomous drone capable of ferrying a single passenger at a time.

GM's CES presentation was received exceptionally well, driving the company to a record close at $47.82, 3.3% up from Tuesday's open. GM's shares have continued their upward trajectory as the week wore on; at the time of writing after market close on Thursday, GM shares were up 7.8% since Tuesday at $51.53.

GM's conceptual EVTOL will face competition from rival Fiat-Chrysler, which announced a partnership with a company specializing in air mobility the same day as GM's presentation. Fiat's partnership with Archer will reduce the production costs of producing Archer's EVTOL while giving Fiat a leg up in the flying car race. Archer's vehicle concept is much larger than GM's and is capable of higher speeds.

GM's CES presentation was received exceptionally well, driving the company to a record close at $47.82, 3.3% up from Tuesday's open. GM's shares have continued their upward trajectory as the week wore on; at the time of writing after market close on Thursday, GM shares were up 7.8% since Tuesday at $51.53.