Tesla Stock vs. Amazon Stock: Billionaires Buy One and Sell the Other
Israel Englander and Philippe Laffont bought Amazon and sold Tesla in the first quarter, and Wall Street's median target prices imply those trades are still smart choices today. Amazon has a strong presence in e-commerce, digital advertising, and cloud computing, and the company handily beat Wall Street's earnings estimates in the past six quarters. Tesla has lost substantial market share in electric cars across the U.S., Europe, and China, but the company has substantial long-term opportunities in autonomous cars and robots.