"I do not want this company to sell … it's so, so undervalued"



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<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tesla (TSLA) were mixed on Thursday as a result of a report according to which the German giant of the Volkswagen automobile (VOW3.DE) wanted to acquire a stake in the electric car manufacturer. Volkswagen has & nbsp;since denied the media report and says that he's not interested, but he highlighted questions about who could or should buy Elon Musk 's company. "Data-reactid =" 15 "> Tesla shares (TSLA) were mixed Thursday after the announcement that the German auto giant Volkswagen (VOW3.DE) was Volkswagen has since denied the report in the media and said that this did not interest her, but she revealed questions about who could or should buy Elon Musk's company.

<p class = "canvas-canvas-text canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" I think that a ton of d & # 39; companies would like to get Tesla's technology, but it's very expensive. "Galileo Russell, founder and CEO of HyperChange, told Yahoo Finance & nbsp;Moving. "data-reactid =" 16 ">" I think a lot of companies would like to have Tesla's technology, but it's really expensive, "said Galileo Russell, founder and CEO of Hyperchange, at On the Move.

"At 40 billion dollars, you have to pay 50 or 60 billion dollars. I mean, it's too big for a car company to really buy unless it's a merger of equals. And frankly, the positive side of Tesla that disrupts this and its autonomous vehicle software, for example, I do not want this company to sell, I do not think Elon Musk wants this company to sell at this price because it's so , so undervalued, "said Russell, who started following the company eight years ago. "So, as a shareholder, I really hope that it will not happen."

So, who could buy Tesla? Russell said to look outside the auto sector.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" I think it's a really good choice Smart for Apple (AAPL) or Google (GOOGL) or Amazon (AMZN) to make a big check, and get there, and acquire Tesla's technology? Yes … The reason why these tech companies are probably more likely than automakers is that it is a smartphone on wheels, "he said of the battery technology. You're here. "It's a lot more software than building a car. And these are essential skills of these technology companies, far better than those of car manufacturers. "Data-reactid =" 19 ">" Do I think it's a really smart choice for Apple (AAPL), Google (GOOGL) or Amazon (AMZN Yes …) The reason why these tech companies are more likely to claim that car companies is because the truth is that it's a smartphone on wheels, "he said. "It's a lot more of a software than a car, these are the core competencies that these tech companies have, far better than the automakers."

SpaceX owner and Tesla president and CEO Elon Musk will speak during a conversation with legendary game designer Todd Howard (photo not shown) at the E3 Gaming Convention in Los Angeles , California, United States, June 13, 2019. REUTERS / Mike Blake

Bet on the "next phase" of Tesla

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tesla has been under investor pressure this year, with shares falling by more than 30% Many have questioned the future of the company under Musk as a result of several tweets and dubious & nbsp;departures of senior executives. "data-reactid =" 32 "> Tesla is under pressure from investors this year, with more than a 30% drop in shares, and many have questioned the future of the company under Musk as a result of several questionable tweets and major departures of leaders.

"Elon Musk, while getting a bad name, is in fact a major reason to be able to recruit engineering and software talent, industry leaders, who build these batteries," Russell said. "As a study just appeared, engineering students want to work, number one at SpaceX, number two at Tesla. And so, I think this talent factor is a huge competitive gap that leads to better technology. "

Despite all the criticism, Russell remains optimistic about society. Tesla "delivered 2,000 Model S per year. This year, they are in the process of delivering between 360,000 and 400,000 cars. Progress has been incredible. And that's one of the reasons why it's my biggest investment in my wallet and I bought as many shares as I can at these prices, "Russell said, adding that Tesla was ahead of the game. he considered a change in transportation. electric and autonomous.

"Electric is already in the bag, Tesla led this, and everyone copies them …", he said. "Autonomy is also at stake for Tesla as well, and this narration will take place over the next 12 months and will completely change the way city transport works. This is a huge opportunity that will allow this company to expand by 10, 20, 30X. This is the next exciting phase of the company I'm betting on. "

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Kenneth Underwood is a senior producer for Yahoo Finance. Follow him on Twitter@TheKennyU."data-reactid =" 36 ">Kenneth Underwood is a senior producer for Yahoo Finance. Follow him on Twitter@TheKennyU.

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