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    GM’s electric vehicle business isn’t worth as much as Tesla, but it’s still worth a lot: analyst

    Deutsche Bank auto analyst Emmanuel Rosner is sticking with his calls that (1) GM’s electric vehicle business should be spun off and (2) it’s worth a lot more on public markets than part of GM. Rosner — who put forth his spin-off call on GM’s EV business several weeks ago — said in a note Wednesday the business could be worth $10 billion to $100 billion as a separate entity. While not on par with Tesla’s staggering $300 billion-plus market cap, the overall valuation on GM suggests investors are not yet big believers in the legacy auto giant’s EV ambitions — GM’s market cap is only $46 billion. In other…

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