We have all been setting Tesla skyrocket. I'm not here to argue that Tesla is correctly valued, it's not, but the company is going to remain one of the biggest automakers by market cap even after the bubble bursts. You could almost call it a new normal.
GM has seen a huge uptick in growth thanks to their investment in Cruise. Cruise brings a lot of things to the GM company portfolio but the biggest one is a chance for them to actually survive and compete in a 21st century car market. I think it makes sense for the recent growth in gm because it this.
Similarly, Ford is beginning to get revalued too. I think a lot of that is due to their stake in rivian. Rivian has been growing at a fast pace and already has contracts with companies like amazon.
What other auto or manufacturing companies do you think are going to get revalued by the market soon?
Submitted January 20, 2021 at 11:49PM by memes_420 https://ift.tt/2XZ1HlM
