Why Tesla Motors Inc (TSLA) and Elon Musk are the Preferred Choice for Steve Jurvetson?


Tesla Motors Inc (NASDAQ:TSLA) is a hot favorite among investors now, but there was a time when Tesla Motors Inc (NASDAQ:TSLA) and its CEO, Elon Musk, were relatively unknown. Now everyone sing high praises for Musk after he has proven that he could execute like no one else, but Steve Jurvetson, Managing Director of Draper Fisher Jurvetson was among the first people to see a potential in Musk and support him. Jurvetson discussed with Josh Lipton why he sees potential in everything Musk does and Tesla Motors Inc (NASDAQ:TSLA)’s future on CNBC.

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“He [Elon Musk] is a remarkable human being; he may go down in history as one of the most important entrepreneur sin U.S. history, up there in pantheon of Steve Jobs and Thomas Edison and others. When you meet him, you realize he thinks differently, he sees the world and he sees the future in a very clear way and he executes unlike anyone we have seen. So whether its Tesla Motors Inc (NASDAQ:TSLA), SpaceX, Solar City, which he help form with his cousins and two other start-ups before that including PayPal. The guy has more success in more industries than any entrepreneur I know of […],” Jurvetson said.

Juvertson revealed that he and his firm would support almost anything that Elon Musk does. Jurvetson feels that it is inevitable that every car in the future would be electric and he believes that the transition from one thing to another is never easy. According to Jurvetson, the biggest challenge in electric car industry has been price and range, which he believes Tesla Motors Inc (NASDAQ:TSLA) has addressed by launching a car that everybody wants and which also gives better range than any other electric car in history.

As of June 30, 2013, Ken Griffin’s Citadel Investment Group owns over 46.5 million shares in Tesla Motors Inc (NASDAQ:TSLA).

Disclosure: None

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