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Should GM Buy Tesla? What Would Be The Pros And Cons?

The suggestion hit the day before Christmas: Analyst Yra Harris of Praxis Trading predicted in a CNBC interview that General Motors might buy Tesla Motors sometime in 2014.

Harris called it “a perfect fit” for one of the three largest carmakers in the world to buy the closely-watched Silicon Valley electric-car startup.

The internet went wild.

Yra Harris of Praxis Trading on CNBC discussing why he thinks GM could buy Tesla Motors, Dec 2013

Yra Harris of Praxis Trading on CNBC discussing why he thinks GM could buy Tesla Motors, Dec 2013

Investors, analysts, electric-car advocates, and Tesla supporters all weighed in from various viewpoints–although we’d say the majority opinion seemed to be on the “Hell, no!” end of the scale.

At a reasonable value, Harris said, “that deal is made in Heaven”–although in discussing Tesla’s current stock price, he said, “to me, Tesla values are in La-La Land.”

Harris did admit “it’s a way-out prediction,” and then the interview dissolves into banter and holiday wishes.

Harris’s prediction starts at 1:35 in the CNBC video clip, and runs for exactly 1 minute.
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