AutoNation, Inc. AN 3.78% CEO Mike Jackson presented this morning at the New York Auto forum and shared his insight about the auto industry and the current administration in Washington. Shareholders of U.S auto giants Ford Motor Company F, General Motors Company GM 0.29% and Tesla Inc TSLA 1.76% were watching Jackson’s comments closely, and he certainly didn’t disappoint.
Reuters reporter David Shepardson and USA Today reported Nathan Bomey attended the event and shared Jackson’s key thoughts on Twitter.
Jackson reported that he sees a major pair trading opportunity in Tesla and General Motors at the moment.
.@CEOMikeJackson says @GM is undervalued and @TeslaMotors is overvalued
“Clearly General Motors is undervalued and Tesla is overvalued. Anybody can see that,” AutoNation CEO Mike Jackson says at #NYAutoForum.
He went on to point out the incredible gap between Tesla’s market cap and the value of its current business.
.@CEOMikeJackson says @TeslaMotors is “either one of the great Ponzi schemes” or it “will all work out”
When the discussion turned to President Donald Trump, Jackson certainly didn’t pull any punches.
.@CEOMikeJackson: One minute @POTUS is a 70-year-old and the next minute he is a “petulant 7-year-old”
Jackson said…
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