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Should GM Create an EV Spinoff? It's Complicated

TheMotleyFool

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Should GM Create an EV Spinoff? It's Complicated

Investors have spurned traditional automakers in recent years. Meanwhile, electric vehicle (EV) start-ups with big ambitions have garnered high valuations. The divergence in fortunes between EV stocks and other automaker stocks has accelerated dramatically in 2020.

Unsurprisingly, investors have put General Motors (NYSE: GM) in the "traditional automaker" bin. Its market cap currently sits a little below $40 billion, despite its standing as one of the largest automakers in the world. For comparison, Tesla's (NASDAQ: TSLA) market cap has surged past $300 billion this year.