Tesla could soar another 300% as the company expands its tech outside of the auto industry, says a prominent VC investor
Tesla could soar another 300% as the company expands its tech outside of the auto industry, says a prominent VC investor
- Tesla could soar over 300% to reach $2,500 in the next three years, says venture capitalist and veteran tech analyst Gene Munster.
- The Loup Ventures co-founder told CNBC Tesla will use its current technology to expand beyond the auto industry and into areas like insurance, autonomy, and HVAC.
- "They're going to evolve outside of cars longer term," Munster added.
- Shares of Tesla reached an all-time high of $615 shortly after the opening bell on Monday.