Where is Tesla Headed, According to Loup Ventures Co-Founder Gene Munster?

Where is Tesla Headed, According to Loup Ventures Co-Founder Gene Munster? According to Loup Ventures co-founder Gene Munster, the story of Tesla (NASDAQ: TSLA) is changing, and the company's stock could go up to $ 2,500 in three years.   What Happened? Speaking to CNBC's "Squawk Box" program on Monday, Munster said the company led by Elon Musk is on an evolutionary route. "Elon recently said that between 30 percent and 40 percent of the value of the car could be covered by insurance," says Munster. Judging in terms of potential competitors, Munster only sees Apple Inc (NASDAQ: AAPL) potentially matching Tesla if they fall into the same segment. "As a Tesla investor, this is the only announcement that will make me take a step back and rethink things," Munster said on a possible Apple initiative in cars.   Why Is It Important? If Tesla stock reaches $ 2,500 in the next three years, it will add over $ 2 trillion in value to the company, including the 931.8 million pending shares. The current market value of the California Palo Alto-based automaker is worth $ 598 billion. Apple's market cap is over $ 2.1 trillion as of Monday's closing. Munster doesn't think ex-automakers like Volkswagen AG (OTC: VWAGY) or General Motors (NYSE: GM) pose a tough challenge for Tesla. Musk suggested Tesla was open to the idea of ​​buying a traditional automaker, but Munster thinks this is unlikely to happen, in part because of vertical integration. Munster gave an example, saying it could cause Tesla to lose credibility as to where he was going: "I believe the company has a flying taxi on its roadmap." “Based on that, I wouldn't invest in Tesla, but the concept that the company will continue to evolve and become a technology leader over the next decade, yes I agree with that,” said Gene Munster.   Price Action Tesla shares rose about 7.1 percent on Monday at $ 641.76 and gained 1.17 percent in the after-hours session.   Source: https://finance.yahoo.com/ You may also be interested in: Elon Musk to Tesla Employees, We have to control costs!