In 2009, General Motors recorded the largest industrial
bankruptcy in history with over $170 billion in liabilities. But it emerged
from Chapter 11 less than two months later and then quickly re-IPO’ed in 2010. Unfortunately, General Motors
GM,
+0.58%
returned to public markets just a few months after a little electric vehicle company named Tesla Inc.
TSLA,
+0.20%
listed its stock. And ever since, investors have largely written off the once-iconic automaker and piled into its more dynamic competitor instead.
Since Jan. 1, 2011, GM’s share price has only risen about
50% compared with more than 200% gains for the broader S&P 500 (GSPC) in
the same period. …
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