Friday, 19 November 2021 Reading time : 2 minutes

It's hard to imagine the global news without Tesla. Hardly a week goes by without charismatic but controversial CEO Elon Musk talking about himself and his company - most recently, he sold a billion-dollar block of Tesla shares after letting his social media followers vote on it.

With a market capitalization of more than $1.1 trillion, Tesla is now the sixth-largest company in the world, many times larger than Toyota, which was the largest automaker for many years.

Tesla is often considered a pioneer in mass-market electric vehicles. But the competition is not sleeping, neither internationally, nor on the home market - the American automobile giants GM and Ford have long since announced their electric strategy. From pick-ups to vans to small city cars; the traditional companies have a lot of experience and the corresponding production capacity to offer such a range.

In the case of Ford and GM, analysts agree: consensus rating "Buy". Tesla's stock splits opinions, no consensus emerges.

The comparatively high implied volatility of these three stocks and low correlation of Tesla with Ford and GM allows attractive return opportunities with relatively low barriers:

Barrier Reverse Convertible on Tesla, Ford and GM (USD)

• 20% coupon p.a.
• 56% barrier
• 12 months maturity
• Subscription period until November 24, 2021
• Termsheet

all data indicative

 

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