… without assuming any value from autonomous humanoid robots. On this afternoon's $TSLA earnings call, said he believes Tesla can exceed the market capitalizations of Apple and Saudi Aramco combined… He didn’t put a timeframe on the target this time, though. He thinks that, if the company executes very well on its various plans, Tesla’s market cap could surpass the current market caps of Apple and Saudi Aramco combined. Though, with this as the starting point, Tesla “Technoking” Elon Musk now has another bold prediction. That’s not far off of the $700 billion mark, but it must surely be lower than Tesla bulls in late 2020 and early 2021 thought it would be by now. pxWQ8UOnPjĪdmittedly, Tesla stock (like much of the stock market) is in a funk at the moment, and Tesla’s market cap is down to $671.94 billion. Tesla ended up being worth $700 billion by December 2020, 5 years earlier than predicted. made a similar prediction in 2015 when he said Tesla would be worth $700 billion by 2025. Tesla will be worth way more than Apple + Saudi Aramco by 2030 ($4 trillion). At the end of 2020, Tesla’s market cap surpassed $700 billion. It happened 5 years earlier than he predicted it might. In fact, this particular forecast is so infrequently discussed that even I totally forgot about it! It turned out that Elon was right about Tesla reaching a market cap of $700 billion, but that he was off by 5 years. While many people love to highlight the forecasts Elon gets wrong, you seldom see those people acknowledge the bold ones he got right - and there were some big ones when it comes to Tesla. He went out on a limb and offered up the idea that Tesla could even reach Apple’s market cap at the time, $700 billion, by 2025. In February 2015, Tesla CEO Elon Musk said that Tesla’s stock price and market cap could go into “insane mode” (which was a feature on Tesla’s quickest cars back then) in the coming decade.
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