Chamath Palihapitiya: Tesla’s shares could triple in value
In a recent interview done by CNBC, billionaire Chamath Palihapitiya was enthusiastic about Elon Musk’s company, namely Tesla, explaining that its shares could still triple.
Tesla’s share price has risen steadily month after month to more than $800 per share, totalling a market capitalisation of more than $700 billion.
By the way, thanks to the shares owned by Musk, Tesla’s CEO has even managed to break the Bitcoin Era wealth record held by Amazon’s Jeff Bezos who owns a total of $184 billion. In fact, with the recent increase in Tesla’s shares, Musk now has over $185 billion.
These numbers have prompted the founder and CEO of Social Capital, Chamath Palihapitiya, not only to invest in this company, but to warn investors not to sell their shares because they could rise in an interesting way up to even triple their value.
Why Chamath Palihapitiya supports Tesla and its shares
The 3-time WSOP (World Series of Poker) champion has thus exposed his vision on this project and on the value of Tesla’s shares, also because Tesla could give a push in the right direction towards a concrete climate change.
In fact, let’s not forget that Tesla’s flagship product are the 100% electric cars, which can then completely eliminate the heat engine and pollutants, making them zero emission cars for those who use them, compared to traditional ones that although they may be environmentally friendly, however, still have problems of pollution not to be trivial.
In the interview, Chamath Palihapitiya also added that climate change is something that only one person worth $1 trillion can really make a difference on:
„I tweeted this some time ago, thinking that the world’s first trillionaire would be an individual fighting climate change. It could very well be Elon. But if it’s not him, it will be someone like him. It will be for this reason: Providing clean energy, enabling the world to be sustainable, is an incredibly important thing that will be rewarded by markets and individuals.“