Tesla valuation a splitting headache for peers
Aug. 21, 2020 12:23 PM ETTesla, Inc. (TSLA), GM, VWAGYTSLA, GM, VWAGY, RWEOYBy: Clark Schultz, SA News Editor631 Comments
- The $2,000 level appears to be just a pitstop for Tesla (NASDAQ:TSLA) as it adds another 3.35% and traded as high as $2,081.68 earlier in the session on the record date for the upcoming split.
- Every day Tesla pushes higher, it seems a new analyst is coming out with an opinion that General Motors (GM -0.7%) and Volkswagen (OTCPK:VWAGY) should separate their EV businesses to catch a lofty trading multiple. Bloomberg observes that it just worked in the energy sector with German utility RWE's (OTCPK:RWEOY) clean energy swap with Eon SE.
- "Perhaps if Tesla did weaponize its share price by raising another enormous chunk of cheap capital, that might convince rivals to think more creatively," writes Chris Bryant.
- Experimenting with Seeking Alpha's peer comparison tool drives homes that point.
