Tesla CEO Elon Musk said the electric carmaker could grow to be the world’s most valuable company.
“I see a potential path with Tesla worth more than Apple and Saudi Aramco combined,” Musk said during a call with investors on Oct. 19 following Tesla’s third-quarter earnings release. Apple and Saudi Aramco are currently the world’s two most valuable companies, worth $2.3 trillion and $2.1 trillion respectively. Per Musk’s claim, Tesla could be worth more than $4.4 trillion one day, nearly seven times its current market cap.
Musk clarified it won’t be an easy target. “In fact, I think it will be very difficult,” he said. “It will require a lot of work, some very creative new products, manage expansion, and always luck.”
observer.com/2022/10/elon-musk-predict-tesla-valuation-q3-earnings/