Business
Buy, hold, sell: Tesla, Tencent, Microsoft, Estee Lauder, CME Group – The Australian Financial Review
Two fund managers discuss giant global names and whether they still have giant returns in their future.
Vihari Ross: This is a definite sell, from my point of view. Look, Tesla is an interesting business, weve got Elon Musk, whos a pop culture figure in his own right, but ultimately what were looking for is businesses with sustainable advantages and the ability to exploit them over time.
Ultimately, what were looking at here is a car manufacturing business, which is a very competitive space to be in. Theyre not leaders also in driverless car technology, thats Waymo, which is owned by Alphabet. I think…
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