Tesla could still fall more than 60% if it's valued as a traditional automaker like Ford or General Motors, CIO says

Jan 2 2023 by Business Insider

 
2021 Ford Mustang Mach-E.

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Tesla is valued about eight times more than Ford and General Motors, even though it makes far fewer cars. Greenwich Capital CIO Vahan Janjigian told CNBC that Tesla would plummet if it's valued like a traditional automaker. Tesla saw its worst annual decline on record in 2022, falling more than 60% as investors grew weary of Elon Musk's commitment to the company.

Should Tesla be valued like a traditional automaker, or a tech company?

That question has...

Continue Reading Tesla could still fall more than 60% if it's valued as a traditional automaker like Ford or General Motors, CIO says