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Forget Tesla Buying A GM Factory, Tesla Could Buy GM

Trending story found on cleantechnica.com
Forget Tesla Buying A GM Factory, Tesla Could Buy GM
Currently, Tesla has a market capitalization of $62.71 billion, whereas GM is only valued at $48.58 billion. However, keep in mind that in 2009, GM fell to a value of $1.06 billion. Many economists are starting to predict another recession on the horizon. Moreover, self-driving taxis could take annual global demand for cars from 88 million to a notably smaller fraction of that. Even if that does not occur, the largest car market, China, is rapidly switching to electric. It appears that GM is flatfooted and not prepared for either scenario.
[Source: cleantechnica.com] [ Comments ] [See why this is trending]

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