Billionaire Chamath Palihapitiya says Tesla is still undervalued as people continue to misunderstand its 'fundamentally disruptive' technology
— combined and multiplied by three. But Palihapitiya said Tesla is "no longer about the car business."
"The value of this business is about deregulating energy. That's about batteries and battery storage and it's about disrupting utilities," he said. "It is about the combination of hardware and software that will give all of us individuals the ability to be energy independent and I think that is a fundamentally disruptive thing."Palihapitiya said that he thought the "complete opposite.
He added: "I'm an investor and an owner of rare earths that feed this supply chain of electrification. What I can tell you is that it was a meaningful leap in innovation that these guys presented."It's already the 12th most valuable company in the world by market capitalization. Start your day knowing what traders are talking about.
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