"Investors will have this flight to quality," the Loup Ventures founder and managing partner told CNBC's "According to Munster, Apple's longer-term investors will benefit from advancements in 5G, content, software services, wellness and augmented reality. However, he warns they'll first have to cope with next Thursday's challenged quarterly results.
"What investors will largely leave the Tesla earnings call with is this understanding about the significance of the market share gained," he said. "To put it in perspective, in the March quarter, Tesla grew their deliveries by 40%, and the overall auto industry was down by 30%, at least in the U.S..", down about 8%. However, Tesla is outperforming the index. It's soaring 67% in 2020.
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