Gundlach Says Buy ‘Killer’ Tesla Rather Than Twitter
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DoubleLine Capital LP’s Jeffrey Gundlach said he would rather own electric carmaker Tesla Motors Inc., which could prove to be a “killer” investment, instead of social network Twitter Inc.
“This could be wildly transformational the way electricity and electromagnets were,” Gundlach, 54, said today in an interview with Matthew Winkler, editor-in-chief of Bloomberg News, at a forum at Bloomberg LP’s headquarters in New York. “What does Twitter create? It creates information flow but it’s not really creating anything. If you’re going to buy a high flyer, I’d rather buy Tesla.”