GM + Tesla Motor,

Wednesday GM stock hit a 54 year low of $9.96, amid claims that it will need $15 billion to avoid bankruptcy. That is the lowest price since the McCarthy hearings ended, Hank Aaron hit his first home run, desegregation, the first transistor radio, and oddly enough the year in which Ike pledged Americas support of South Vietnam.

The recent run-up in energy prices and impending recession have eroded GM's sales cash position. This news coupled with a recent report that auto sales are at a 15 year low have pushed American auto manufacturers to the breaking point. GM has already announced that they will be closing 4 truck and SUV plants affecting some 10,000 employees early this week, and this news will seemingly only add to the pain.

As a GM stockholder, my suggestion is that they should look into purchasing Tesla Motors. This is a company that has put itself at the forefront of the electric car market, and have already set to release a luxury model later this year that will reach 220 miles per charge (and will only set you back $109,000). This may seem steep, but with a $60,000 model and a $30,000 model set to come out within 4 years, this may shore up some investor skepticism that the company is both willing and able to think about the company's future.