Photo: Tesla (via Elon Musk)
Veteran investor Keith Fitz-Gerald said to CNBC that those betting against Elon Musk are comparable to those who bet against Apple co-founder Steve Jobs years ago, adding that he thinks Tesla stock could still grow as much as 44 percent from current trading prices.
Fitz-Gerald said that he thinks Tesla’s stock is “just getting started,” predicting that the company’s shares could soon reach $300.
“Anyone betting against Elon Musk today might as well have been betting against Steve Jobs back in the day,” Fitz-Gerald said during the CNBC video segment of The Exchange.
During the conversation, Fitz-Gerald acknowledged Musk’s tendency to disrupt industries, from auto, to solar and more through his other companies than Tesla.
“We know how this is going to play out,” Fitz-Gerald added. “He unleashes just incredible transformation in every industry he touches. He’s not getting stopped anytime soon, he’s got enough money to do whatever he wants.”
The news comes as fellow Tesla bull and Ark Invest executive Cathie Wood claimed on Wednesday that buying Tesla shares is a good way to invest in AI. Wood has been bullish on Tesla for nearly a decade and the company represents one of its top portfolio holdings.
You can watch the full CNBC segment with Keith Fitz-Gerald below, with the topic of Tesla starting around the 1:49 mark:
