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GM owns 9% of Lyft, and also acquired Cruise, a YC company working on self driving tech. Since you can't invest in Lyft or Uber today, I would advise people to
by omarforgotpwd 9y ago
GM owns 9% of Lyft, and also acquired Cruise, a YC company working on self driving tech. Since you can't invest in Lyft or Uber today, I would advise people to buy GM. I own about 5 times more Tesla stock than GM but I think GM is a really great value today trading at a P/E of less than 7. With the economics of this business transforming fundamentally over the next decade, making cars more of a "tech" business, I think you could see both revenue and earnings multiples increase dramatically. But who knows I could be wrong.
- sidcool 9y agoHaving recently watched the 'the big short', this is understandable and terrifying at the same time.
- dukeflukem 9y agoMight be a good one to add to the folio. Got some VW that I picked up cheap after the emissions scandle.
- deleted 9y ago[deleted]