Electric-vehicle company Tesla (NASDAQ:TSLA) has been an incredible investment, up a staggering 16,000% over the past 10 years. With returns like these, investors are understandably leaving no rock unturned in the EV space, hoping to find the next Tesla before it hits it big.
Investors might be looking in the wrong place. In this video clip from Motley Fool “Backstage Pass,” recorded on Sept. 16, Fool contributor Jason Hall explains to investors why the next disruptive upstart probably won’t come from the automative space.
Jason Hall: But for me, I do think that this is going to be a tough space because I think in a way, Tesla has been like the best and worst thing for investors. It has been the best thing for investors that invested in Tesla and held. I think Tesla has a good chance to continue to be a great investment because this