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Tesla could be the next Amazon, says Gene Munster

Tesla could be the next Amazon, Gene Munster, co-founder and managing partner of Loup Ventures, told CNBC on Friday. The former Piper Jaffray tech analyst turned venture capitalist is best known for his accurate predictions on Apple.

Despite Amazon shares nearing the $1,000 milestone, a record high for the company, the investor says he likes Tesla better. "Tesla is a controversial story," Munster said on "Squawk on the Street." "People don't understand what this company's mission statement is," he said. Much like Amazon in its early days when the company was 'just' selling books, he said.

"Most people think of [Tesla] as an electric car company, but their mission statement is to accelerate the globe's transformation to renewable energy, " he said. "When you start thinking about that you can see them grabbing market cap from energy...


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