Tesla is more than electric cars - Social Capital CEO

Friday, 24. July 2020 14:34

Social Capital Chief Executive Chamath Palihapitiya claimed on Friday that Tesla's renewable energy business could make the company worth trillions in the future.

"This is no longer about cars, that's the first wave of growth. I think people are pricing in the evisceration of traditional autos and an enormous shift to [electric vehicles], of which Tesla will get the disproportionate share," Palihapitiya said in an interview with CNBC.

Tesla Inc. recently reported better-than-expected financial results for the second quarter of the year, announcing the carmaker plans to build its next Gigafactory in Austin, Texas.

Related Links: Tesla Inc.
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Breaking the News / ND