BusinessTop fund manager: Forget Tesla, these automakers are set...

Top fund manager: Forget Tesla, these automakers are set to ‘win the game’

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Sprinter Van being assembled at the Mercedes-Benz Vans plant, in Ladson, S.C. 

Meghan Reeder | CNBC

As the transition in global energy consumption accelerates, incumbent automakers are poised to “win the game” despite Tesla’s astronomical rise, according to award-winning fund manager Per Lekander.

Lekander, whose Lansdowne Energy Dynamics Fund won “best sector specialist” at this year’s Investors Choice Awards, told CNBC Tuesday that 2020 was the year that the world “woke up” to the pace of transition toward clean energy.

Tesla became the poster child for this trade, its share price skyrocketing more than 700% over the course of 2020.

Yet although “pure plays” on the green transition were the standout performers last year, Lekander projected that 2021 would be a “comeback for the incumbents.”



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