Author: Christopher Walker
When it comes to the ‘green vehicle future’, Chris Walker argues investors are way ahead of politicians When it comes to the ‘green vehicle future’, Chris Walker argues investors are way ahead of politicians When it comes to the ‘green vehicle future’, Chris Walker argues investors are way ahead of politicians
It’s rare to see photographs in investment reports, but two photos told the whole story. The first: “5th Avenue, Easter 1900,” and the same in 1913. If you scrutinize the first one carefully you can see one automobile amongst the horse drawn carriages, in the second you struggle to find a horse amongst the cars. Sometimes human change can be very dramatic. Especially in wars….and pandemics.
The investment report was a seminal work by Adam Jones of Morgan Stanley which dared to predict that one day Tesla would become one of America’s four largest car companies. That was ten years ago and at that point Tesla was bravely priced at $23.71 - it recently peaked at $880. Now, Tesla is not just the largest car company in the world by market capitalization - ten times larger than General Motors - but its value is equal to the other ten largest companies put together. That is allocation of capital funding innovation at its best.
Whether Tesla is st…