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Investors could have a better option with GM at a fraction of the valuation of Tesla.
General Motors (GM -1.75%) might not be as good as Tesla (TSLA -3.75%) in those areas, but it is trading at a fraction of the valuation of Tesla stock.
*Stock prices used were the afternoon prices of Oct. 22, 2024. The video was published on Oct. 24, 2024.
Parkev Tatevosian, CFA has the following options: long December 2026 $120 puts on Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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