Tesla continues to soar with a market capitalization of more than $600 billion. Wall Street VCs predict that it will triple in the next three years.

SMM: Tesla, who is about to be included in the S & P 500 index, continued to soar on Monday, with a market capitalization of more than $600 billion and a new high, but this still failed to stop the enthusiasm of the bulls. Wall Street venture capitalists think Tesla can triple again in the next three years.

Gene Munster, a senior technology analyst and co-founder of Wall Street venture capital firm Loup Ventures, said on Monday that Tesla is by no means more than a car company. It could soar more than 300% in the next three years, and its share price will rise to $2500, when Tesla's market capitalization will easily exceed $2 trillion.

As of press time, Tesla has risen more than 8%, its share price has reached an all-time high, its market capitalization has exceeded US $600 billion, and its share price has soared nearly 700% this year.

Munster specifically referred to Tesla CEO Elon Musk's recent comments that Tesla might enter areas such as insurance and HVAC. Elon recently said that 30 to 40 per cent of the car's value could be used for insurance, which means Tesla is considering providing his own insurance and increasing profits, which is a high-margin income. Not to mention what they do around air programming, and even what they can do in the field of HVAC. "

Munster also pointed out that the development of flying taxis can also boost Tesla's share price, and earlier investors were bullish on Tesla's solar roof business.

It is worth noting that Munster is not the only investor who is extremely bullish on Tesla. In October, legendary US investor Ron Barron (Ron Baron) said Tesla's car sales would grow by 50 per cent a year in the next few years, and predicted Tesla's market capitalization would reach $2,000bn. Barron also believes Tesla has the potential to generate at least $1 trillion in revenue by 2030.