As Tesla, Inc. stock sags, a fund manager re-upped his view that the electric vehicle maker’s next-gen, more affordable Model 2 vehicle could be a “game changer.”
What Happened: “I continue to view a $25K $TSLA $25 “Model 2″ as the game changer that causes ICE competitors to capitulate,” said Future Fund Managing Partner Gary Black. The fund manager said that although he is also confident that Level 4 autonomy could produce a similar impact, he believes the Elon Musk-led company’s unique advantage to mass produce a high-quality $25K EV at a profit will crush ICE viability.
