Elon Musk has asserted that Tesla’s value could reach $4 trillion. His comments about the company’s market capitalization are not new. In October 2022, he suggested that Tesla’s value could surpass the combined worth of Apple and Saudi Aramco. However, since his remarks, Tesla’s stock price has dropped by 4%, while the Nasdaq has risen by 20% during the same period.
Lately, Tesla’s stock price has been struggling, seeing a 17% decrease compared to last month. One of the critical points Musk emphasizes is that Tesla is not just a car or battery company. He also uses autonomous driving as a tool to boost the stock price.
Currently, Tesla’s value exceeds $600 billion. $4 trillion would surpass Apple’s average market capitalization of $2 trillion. There are many opinions on this matter.
However, some believe that if Elon Musk returns to his original focus on the energy transition and concentrates on the electric vehicle and battery sectors, the possibility is not absent.
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