- Billionaire investor Chamath Palihapitiya said Tesla is “generally misvalued” as people misunderstand its business model and “fundamentally disruptive” technology.
- The Social Capital CEO said Tesla is “no longer about the car business” but about fundamentally disrupting utilities and providing individuals with “the ability to be energy independent.”
- Shares of Tesla are up over 400% year-to-date.
Billionaire venture capitalist Chamath Palihapitiya told CNBC on Tuesday that Tesla is still undervalued as people continue to misunderstand its “fundamentally disruptive” technology and business model.
“Tesla continues to be underestimated. I think it is generally misvalued and I think the people that are trying to compete with them are not the people they are competing with,” the Social Capital CEO said.
Shares of Tesla are up over 400% year-to-date. The electric