Question Details

Bloomberg Prediction: GM Will Buy Tesla Motors?

Bloomberg Prediction: GM Will Buy Tesla Motors?

Asked by: Super Userkruijs in Business » Deals
Settled on 08/15/2020 17:22 Settled by Super UserJosef Biesenberger
Winning option:No

Predictions

Yes
Yes
No
No

Background

Who made it: Yra Harris, global macro trader, Praxis Trading.

It’s true, the electric Volt hasn’t sparked torrid sales for General Motors (GM), and why reinvent the electric wheel when Tesla’s sexy Model S is already so successful? This “way out prediction” overlooks Tesla Motors’s (TSLA) market cap of $19 billion—a price that’s almost certainly too expensive for GM—and the fact that Elon Musk has shown no intention of selling.

http://www.businessweek.com/articles/2013-12-30/six-extremely-unlikely-predictions-for-2014

Find similar: 2014 predictions, bloomberg, gm, tesla motors

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