Self-Driving Unit At GM Worth More Than Entire Company
Before I go any further, I want to give a shoutout to Steve Eisman for suggesting this title in an interview. Eisman is the managing director at Neuberger Berman, but he's best known for being portrayed by Steve Carrell in 2015's the Big Short. Lately, he's been touting two key positions in his portfolio - a short position on Tesla (TSLA) and a long position in General Motors (GM). That latter bet is based on Eisman's belief that the company's turnaround is likely to be successful and that their self-driving car unit could already be worth more than the entire parent company. In the interview with ETN, he said someday a financial writer would write about this odd phenomenon, so that's exactly what I'm doing here.
Feb-11-2019, 12:41:23 GMT
- Industry:
- Automobiles & Trucks > Manufacturer (1.00)
- Banking & Finance > Trading (1.00)
- Transportation
- Technology: