ICYMI: AutoNation CEO Discusses Tesla-GM Pair Trade, Trump At NY Auto Forum

AutoNation, Inc. AN 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 and Tesla Inc TSLA 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

— David Shepardson (@davidshepardson) April 11, 2017
 

"Clearly General Motors is undervalued and Tesla is overvalued. Anybody can see that," AutoNation CEO Mike Jackson says at #NYAutoForum.

— Nathan Bomey (@NathanBomey) April 11, 2017
 

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"

— David Shepardson (@davidshepardson) April 11, 2017
 

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"

— David Shepardson (@davidshepardson) April 11, 2017
 

Jackson said he agrees with Trump on most policy issues but questions his fitness for office.
 

.@CEOMikeJackson admits he did not vote for @realDonaldTrump even though he agreed on most issues but worried about his temperament

— David Shepardson (@davidshepardson) April 11, 2017
 

So far in 2017, investors have rewarded Tesla will a 44.8 percent gain, while incumbent auto giants General Motors and Ford shares have declined 3.0 and 7.3 percent, respectively.

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Despite Record Q1 Deliveries, Some Investors Still Question Tesla's 'Inconsistent' Operational Performance ________ Image Credit: By The original uploader was Tramel33166 at English Wikipedia (Transferred from en.wikipedia to Commons.) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons