Will Tesla become the next Amazon?

Tesla

I ran across an interesting article at cnbc.com that claims Tesla is the next Amazon. This is one of those times I wish I had some “f*ck you” money lying around to invest. Elon Musk, in my opinion, is an enigma. He’s an entertaining CEO who is willing to give the establishment the middle finger. Even more important is the fact that Musk is a disrupter, something the legacy media and corporations despise.

Tesla is experiencing the same kind of skepticism that e-commerce giant Amazon faced in its early days, and the electric automaker is also going to prove the naysayers wrong, Tesla shareholder Cathie Wood told CNBC on Wednesday.

Wood, ARK Invest’s chief whose bull case famously sees Tesla at $4,000 per share in five years, defended Tesla co-founder and CEO Elon Musk‘s mercurial nature.

“Everybody is beginning to adjust for Musk,” she said in a “Squawk Box” interview. “Having been a portfolio manager for many years, I know how to adjust to what different CEOs say given their personalities and their aspirations.”

“The same thing was happening with Amazon for years,” she added, referring to how Jeff Bezos kept plowing money into the business for years and years with little to show for it. “We were considered crazy, and yet now it seems so obvious. I think the same is going to be true of Tesla.”

Amazon now has a stock market value of more than $800 billion. In September, Amazon become the second U.S. company to top a $1 trillion valuation. (Apple was the first in August.)

Tesla’s current market value is about $52 billion. Wood’s $4,000 a share target, a 1,200 percent increase from Tuesday’s $305 close, would yield a nearly $700 billion valuation.

Wood did note her bear case in five years for Tesla stock is around $700 per share. But that’s still more than double.