Tesla has a bright future and could be worth more than Apple and Saudi Aramco combined, says Elon Musk

 In the last Q3 earnings call, Elon Musk mentioned that for the first time ever, he sees a potential for Tesla to be worth more than Apple and Saudi Aramco combined. For context, those are the world's two biggest companies worth a total of $4.35 Trillion.

The market and many investors see Musk's comment as ludicrous. His exact words were, "Tesla can far exceed Apple's current market cap" he added, "I can see a potential path for Tesla to be worth more than Apple and Saudi Aramco combined. Doesn't mean it will happen overnight or it will be easy but for the first time I can see a way for Tesla to be roughly twice the value of Saudi Aramco"

As mentioned above, a lot of investors think that this assumption of Musk is quite crazy but only a few know that back in 2015, he made a similar prediction when he said Tesla would be worth $700 Billion by 2025. Tesla ended up being worth $700 Billion by December 2020. 5 years earlier than predicted.
















Tesla currently stands at a market cap of $707 Billion. And it's stock now trades around at a price of $226, which means that the stock will have to reach a price of around $1356 to fulfill Musk's vision. 

In the same call, he also answered a question regarding Tesla's annual growth for the foreseeable future and he said that the company still forecasts a 50% CAGR. And in addition to the increasing demand that Tesla is currently seeing, the company will start the production and deliveries of the long-awaited Cybertruck and Semi Truck soon. 

You never know what a person like Elon Musk can pull off and it's probably smart to not bet against him!

Comments

Post a Comment

Popular posts from this blog

The Twitter-Musk Saga

Image
Elon Musk reportedly stood back on his original offer to buy Twitter for around $54.20 per share. Valuing the deal at around $45 Billion. Musk made this offer originally on April 14 and just after 11 days, Twitter accepted the deal, but then on July 8th, Musk backed out of the deal stating Twitter failed to provide him with enough data on the bots and total spam accounts on Twitter.  Twitter sued Musk and then took him a trial to court and just yesterday, Musk proposed the same offer once again. A lot of experts believe this sudden change of mind by Elon happened because he had no other option and he would have lost the case if he kept on fighting against Twitter. Shares of Twitter closed up at $52.00 (22.24% increase) Shares of Tesla closed up at $249.44 (2.90% increase) Everyone awaits more news on this offer, what Elon Musk decides to do further, and when there will be any further development on this situation. 
Read more

Tesla Semi Truck, does that ring a bell?

Image
We all have heard of Tesla's affordable and luxury cars, long-awaited cyber truck, and their Optimus robot which was revealed a week back. But do you remember the Semi Truck which they launched back in 2017? well if you don't then this is what it looks like. Pretty huge right? This was unveiled back in 2017 when the man himself Elon Musk revealed the concept model to the world. The production is underway and it is starting to speed up by the end of this October.  This has not been made available to the general public, however, Tesla is still taking up corporate orders.  Elon Musk tweeted that Pepsico (the soft drinks company) will take the deliveries of their semi trucks in December.  Tesla claims that the Semi Trucks will provide a range of more than 500 miles / 804 km on a single charge and in addition to that, drivers or companies can save more than $200,000 over a period of 5 years compared to the fuel consumption they would have done if they were still using regular truck
Read more

Rishi Sunak is Wealthier than the Royals

Image
The newly appointed Prime Minister of the UK, Rishi Sunak, and his wife have a combined net worth of $820 Million. This makes them the 222nd richest couple in Britain and this means that they are wealthier than King Charles who is roughly worth $600 Million after inheriting $500 Million from his mother, Queen Elizabeth after her death on September 8. The major chunk of the couple's net worth comes from Sunak's wife, Akshat Murty's $460 Million stake in Infosys. India's second-largest IT & software company. The Citizens of the United Kingdom doubt whether Sunak will be able to deliver his promises to the people because he does not understand what it is like to live under the bare minimum, which is the current situation for a lot of households in the UK as of now because of high inflation and poor control by the government on recent economic turndowns. 
Read more