As Tesla shares collapsed over the last few weeks.
The proposal would have created a new dividend-focused security.
Two independent consulting firms have recommended voting agains the Greenlight Capital proposal.
It will all come dow to a vote at GM upcoming shareholders meeting.
Read on to find out how.
38 cents per share on the outstanding shares of the company’s common stock.
Will Lutz ultimately be right?
Now, Tesla is the sixth most valuable automaker globally.
Tesla surpassed Ford in total value, though.
Three primary items that show exactly why the proposal doesn’t hold water.
The proposal will still be up for a vote at GM’s 2017 annual shareholders meeting.
The publication pegs The General as returning $3 to $4 EPS during a slowdown.
The move would show that the automaker is willing to focus on value-generating business.
GM’s shares shot up nearly five percent on the rumor.
The dividend is payable Friday, March 24, 2017.
Lutz appeared on CNBC and took more than a few shots at Tesla.
38 cents per share on common stock.
The General is doing well quite well and is projected to do even better in the years ahead, so why are its shares down?
But the current value remains lower than the November 2010 IPO price.
38 cents per share payable Friday, September 23rd, 2016.
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