While the Model 3 has buzz and flash and sizzle and full weight of Tesla CEO Elon Musk's charisma behind it — not to mention something like 400,000 pre-orders — the Bolt is a car that you could head down to your local Chevy dealership and drive home the same day.
Still, the Bolt has numerous disadvantages relative to the Model 3. But the Tesla has it's own problems relative to the Chevy. In the end, they really aren't even in the same segment. The Model 3 is more of a luxury compact-to-midsize sedan, while the Bolt is a utilitarian compact hatchback. However, the Bolt punches well above its weight, while the Model 3 should really be better for how much its costs at the upper end of its specifications.
Pricing is also an issue. You can currently have any Model 3 you pre-ordered after a long wait and as long as it starts at $42,000. The $35,000 base vehicle isn't currently being manufactured. But if you want the $37,500 base Bolt, Chevy will gladly sell it to you. So if you want to get technical, the only true mass-market all-electric vehicle in the market is the Bolt.
Both cars are fun to drive, in their own ways. The Model S is stable and sporty and fast off the line, but the Bolt is hardly a slug and actually affords a kind of videogame like driving experience, especially when zipping around a big city such as New York.
As for self-driving, Tesla's Autopilot is an impressive advanced cruise-control feature (just don't ever take your hand off the wheel), but the Bolt is being used by General Motors as a platform for its Cruise fully self-driving technology and some of that might trickle down into consumer versions of the vehicle (Cruise is currently using Bolts only in a fleet capacity).
And not for nothing, the Bolt hit the market a year ahead of the Model 3, demonstrating that big, slow GM could to a certain extent beat Tesla at its own game and in fact deliver a less expensive, long-range EV, at least initially.
With not a lot of all-electric long-range vehicles in the market, if you're shopping today, you're basically looking at these two vehicles. And while the Model 3 is in many ways an objectively more impressive machine and carries with it that special Tesla something, the Chevy Bolt is far easier to obtain and even without dealer discounts, is clearly the winner on price.
So I have to call it a dead heat. But remember: Check back later this year when we get a chance to really out the Model 3 through its paces.