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Tesla (TSLA) - Get Tesla Inc. Report could potentially become the next (AMZN) - Get Inc. Report, Loop Ventures founder Gene Munster told CNBC today.

"Most people think of [Tesla] as an electric car company, but their mission statement is to accelerate the globe's transformation to renewable energy, " he said. "When you start thinking about that you can see them grabbing market cap from energy companies which are some of the largest market-cap companies," Munster said.

Even with Amazon shares roaring to new highs and flirting with a $1,000 per share milestone, Munster contends Tesla is the better investment.

"Tesla is a controversial story," Munster said. "People don't understand what this company's mission statement is. Much like Amazon in its early days when the company was 'just' selling books, he said.

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Munster believes Tesla has substantial growth opportunity, especially in the production of electric vehicle batteries.

"I would, pun intended here, buckle up. This is going to be a bumpy but positive ride for Tesla in the years to come."

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