Tesla Motors And General Motors

Interesting comments from Greenlight’s David Einhorn. This is taken from the Q2 2017 letter:

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Einhorn also add this to add about GM:

I’m posting this because I agree with Einhorn’s view. I have nothing against Tesla or Elon Musk. Like I said in the past, the world needs more Elon Musk. And I would like to buy a Tesla one day. The issue with Tesla is its valuation. It’s absolutely out of whack with any fundamentals. But this is Elon Musk’s gift: the ability to sell. When you think of GM or Ford, you think old dinosaur boring gas guzzling cars. When you think Tesla you think: technology, AI, self-driving, electricity, revolutionized concept, the future…etc.

Anyway Tesla sells dreams:

Disclosure: Long GM. Don’t have any positions in Tesla.

Article by Brian Langis