HAN-GINS Tech Megatrend Equal Weight ETF (LON:ITEK) co-founder Anthony Ginsberg explains why he thinks electric vehicle manufacturer, Tesla, with its significant share price run-up in the past year, is still undervalued.
Ginsberg says Tesla, which represents 2-3% of the ETF's holdings, is at an inflection point, explaining the car maker could be disruptive to the ride-sharing business with its autonomous vehicles. He adds its manufacturing costs are significantly lower than typical auto frames.