MTLQQ is not really GM. GM's valuable assets (the car making and whatnot) have been transferred to a new private company that is owned by the "old GM's" debtholders.
This "new GM" is planning an IPO in 2010. It will be a reasonably healthy company and a real candidate for serious investors.
So if the author is talking about investing in MTLQQ, then he is totally clueless.
Ah, you're right, I misread the original statement. I still think an investment in the "new GM" will be a riskier and more speculative play than an investment in Tesla, which is already profitable, but that's just a difference of opinion.
On another note, your tendency to end every comment with a rudely worded ad hominem disturbs me.
MTLQQ is not really GM. GM's valuable assets (the car making and whatnot) have been transferred to a new private company that is owned by the "old GM's" debtholders.
This "new GM" is planning an IPO in 2010. It will be a reasonably healthy company and a real candidate for serious investors.
So if the author is talking about investing in MTLQQ, then he is totally clueless.