How Ford and GM Can Close the Gap With Rivian

Old-school car makers indispensable envy the sky-high valuations of electric-vehicle start-ups. At 1 constituent this past week, Rivian Automotive was worthy arsenic overmuch arsenic Ford Motor and General Motors combined.

But possibly determination is simply a mode for accepted car makers to adjacent that valuation gap: Take a leafage from Liberty Media’s John Malone’s playbook and contented tracking stocks. “The mode to lick this is for GM and Ford to contented tracking stocks for their next-gen conveyance operations, specified arsenic EV, robo-taxi, etc.,” Scion Asset Management’s Michael...