When Tesla was in the doldrums and much of the market threw in the towel on the company, Tasha Keeney of ARK Invest bet against the crowd and made the electric car maker the largest position in one of the strategies managed by ARK. She copped an immense amount of flak on CNBC from bearish commentators for her initial $4,000 price target and the underpinning thesis. Given the company’s turnaround, Keeney is now seen as one of the most credible analysts on the company. She stopped by Livewire’s offices to discuss two key trends that, in her view, will see Tesla’s share price motor to new heights.
Not everyone sees the next big thing coming
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Interesting wire; however, it should be noted that Australian investors don't need to look overseas to invest in an electric vehicle company. There is one ASX listed company that manufactures and distributes electric motorcycles under the 'Super Soco' brand. The brand is better known overseas than at home, and as a result the stock in question tends to be overlooked by local fund managers and investors.