News of a proposed merger with SolarCity Corp SCTY 1% have sentTesla Motors Inc TSLA 1.65% shares plummeting 8.1 percent on Wednesday. According to Global Equities Research analyst Trip Chowdhry, the Tesla sell-off is an excellent buying opportunity.

“Many are struggling to comprehend the enormity of Tesla’s Industry Creation activity,” Chowdhry explains.

He compares Tesla’s disruption of auto manufacturers like General Motors Company GM 4.93% and Ford Motor Company F 6.57%to Apple Inc. AAPL 2.81%’s disruption of Nokia Corp (ADR) NOK 8.6% and BlackBerry Ltd BBRY 4.71%.

“Many Nitwits were breathing Blackberry and Nokia exhaust and wrote-off Apple iPhone… what does a computer company know about mobile… remember the killer App in Blackberry and Nokia… it was downloading ringtones… looks so stupid in hindsight,” Chowdhry notes.

In a new note released earlier this week, Chowdhry projected that Tesla’s GigaFactory alone could be valued…

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