While Tesla pessimism strikes its stock price after an 833% five-year run, Mohnish Pabrai, head of Pabrai Investment Funds, staked roughly 44% of his long stock portfolio on two of the best-performing car companies trading in the U.S. It also placed him at the top of the Scoreboard of Gurus for roughly the first half of the year. Year to date, the two stocks, Fiat Chrysler Automobiles and Ferrari, provided the best returns of any car company. Ferrari tends to sell cars to a different demographic than other U.S.-traded companies, including Tesla, another market outperformer. Car buyers have, accordingly, been willing to put a lot of money behind some truly iconic cars,” Moneysupermarket.com said in a statement.

Source: Forbes July 19, 2017 13:52 UTC