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.

Recommended For You

Comments (631)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.