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Tesla Remains 'misvalued,' Says Spac King Palihapitiya

by finance.yahoo.com posted 2weeks ago 23 views
Tesla Inc. (NASDAQ: TSLA) is a disruptive company that goes beyond simply making cars and people continue to "misunderstand" and "underestimate" this business, according to Social Capital CEO Chamath Palihapitiya.Speaking on CNBC's "Squawk Box" program, the "SPAC king" said Tesla's primary value is about "deregulating energy," and the company will give individuals "the ability to be energy independent" in the near future, with batteries and battery storage in focus.Disruption Of Utilities Not Far Away: A lot of commentators were left unamused by Tesla's battery day event last month -- but according to Palihapitiya, it was anything but a "dud event.

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