More than once, industry analysts have expressed the idea of spinning off General Motors' electric vehicle business into a separate company. This idea haunts them, because shares of “purebred” electric vehicle manufacturers have increased by 250% since the beginning of the year, and GM’s capitalization, with its current structure, on the contrary, is not so large.
Morgan Stanley specialists among the supporters of this idea. According to their estimates, GM's electric vehicle business could reach a capitalization of $100 billion, which is approximately twice the current capitalization of the American automaker. Analysts are based on a forecast that by 2040, up to 80% of GM vehicles will be electric. To achieve this, the company will have to annually increase the production of electric vehicles by at least 25%.
GM and Deutsche Bank experts also support the idea of “accelerated electrification.” According to their forecasts, by 2025 the company will sell 500 thousand electric vehicles annually. To achieve this level, GM will have to increase sales of electric vehicles by 50% annually in the remaining time. Analysts believe that as an independent company, GM's core business could gain between $15 billion and $95 billion in capitalization.
If we take the middle of this range as the value of the capitalization of GM's electric car business ($50 billion), it will still be eight times cheaper than Tesla. Now the shares of the latter company have reached such a height that each electric car produced by the brand carries a share of capitalization corresponding to $1 million. For mature GM, this figure does not exceed $10 per car. Since the beginning of the year, Tesla shares have risen in price by 000%, so the idea of sending GM electric cars to “sail on their own” tempts many stock analysts.
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Source: 3dnews.ru