Updated November 21, 2021 / Original November 19, 2021
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Old-school car makers indispensable envy the sky-high valuations of electric-vehicle start-ups. At 1 constituent this past week, Rivian Automotive was worthy arsenic overmuch arsenic Ford Motor and General Motors combined.
But possibly determination is simply a mode for accepted car makers to adjacent that valuation gap: Take a leafage from Liberty Media’s John Malone’s playbook and contented tracking stocks. “The mode to lick this is for GM and Ford to contented tracking stocks for their next-gen conveyance operations, specified arsenic EV, robo-taxi, etc.,” Scion Asset Management’s Michael...