Could Tesla Shares be Overtaken by Competitors?

It may be years before electric vehicles replace petrol cars. But are there investment opportunities today in this technology?

Karen Kwok 27 June, 2017 | 2:00PM

When it comes to electric cars, the first company that springs to many investors’ minds would be Tesla (TSLA).  For a company that started in 2003, with aims to transition the world from petrol to electric cars, the share price of the Tesla has done extremely well over this period.

Tesla now has a $62 billion market capitalisation, with its share price rising from $107 four years ago to its current level of $377.

However, Ben Preston, manager of global equity strategy with Orbis, a global investment firm, says he has doubts about the future trajectory of Tesla shares.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Bayerische Motoren Werke AG65.45 EUR0.00
General Motors Co34.92 USD0.00
Orbis SICAV Global Equity Inv228.50 EUR1.24
Samsung SDI Co Ltd334,000.00 KRW0.00
Tesla Inc917.42 USD0.00
Volkswagen AG170.12 EUR0.00

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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