Anthony Zackery, Associate Portfolio Manager at Zevenbergen Capital Investments, says Tesla Motors Inc (NASDAQ:TSLA) reflects his firm’s philosophy of investing in companies that benefit from technology advancements and are in the early stages of a growth curve.
Tesla is a technology company that happens to fall into the automobile category. They are disrupting a traditional mode of transportation. We believe they have really yet to crack the market. Up to this point, their products have catered to niche, wealthy customers, so we look forward to the production of its Model 3 mass-market vehicle.
They are in growth mode. Underscoring Tesla’s bright roadway, the company received hundreds of thousands of reservations and down payments for its Model 3 vehicle. Time will tell with regard to electric-vehicle adoption, but Tesla is pushing the boundary.
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