04-10-2017, 12:12 PM
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#6
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General Motors Aficionado
Drives: 2023 GMC Canyon, 2023 Expedition
Join Date: Aug 2008
Location: Florida
Posts: 37,375
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Quote:
Originally Posted by Bhobbs
Why would GM merge with Tesla? GM has shown it is more than capable of developing electric vehicles, and actually delivering them on time.
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Quote:
Originally Posted by DGthe3
Its not even a rumour. Just writers speculating. And because it involves Tesla, lots of people will share it (even if they don't read the whole thing) because 'OMG!! TESLA!!!!!", therefore driving more traffic to PowernationTV (who?) and Road & Track (who wrote the original article).
Anyways, its a terrible idea because Tesla is insanely overvalued as a company. In my opinion, they shouldn't be worth 1% of what they are valued at. Their cars are crap, their business model is unscaleable, they are either horrendously irresponsible or incompetent when it comes to R&D testing (don't Beta test with paying customers), they have a history of over promising and under delivering, and have never made an annual profit from selling cars.
One of their biggest saving graces in the eyes of the 'true believers' is that they are untainted by conventional automakers, a merger with GM obliterates that.
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Bingo.
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