Elon Musk, the CEO of Tesla, stated in February 2015 that “crazy mode,” which was a feature on Tesla’s fastest cars at the time, might cause the company’s stock price and market valuation to skyrocket over the next ten years. He boldly proposed the notion that Tesla would potentially surpass Apple’s market cap of $700 billion at the time by 2025.
While many people enjoy pointing out the predictions Elon gets wrong, you hardly ever hear same people mention the audacious predictions he got right, and there were some significant ones when it comes to Tesla. In fact, this prognosis is discussed so infrequently that that I completely forgot about it. Elon was correct that Tesla will reach a $700 billion market cap, but he was five years off. It took place five years earlier than he anticipated. Tesla’s market capitalization will top $700 billion by the end of 2020.
By 2030, Tesla will be valued $4 trillion, far more than Apple and Saudi Aramco combined. When he predicted that Tesla would be valued $700 billion by 2025, @elonmusk made a similar projection.
By December 2020, five years ahead of schedule, Tesla had a value of $700 billion. https://t.co/AB76D671fS pic.twitter.com/pxWQ8UOnPj
(@jasondebolt) Jason DeBolt October 20, 2022
Tesla’s market valuation has dropped to $671.94 billion, and the company’s stock is currently in a slump (along with much of the stock market). That’s not far from the $700 billion barrier, but it must be lower than Tesla bulls anticipated it would be by this point in late 2020 and early 2021. Tesla “Technoking” Elon Musk, however, has another big forecast with this as the foundation. He believes that if the business succeeds in implementing its numerous goals, Tesla’s market capitalization might surpass that of Apple and Saudi Aramco put together. This time, though, he did not specify a time period for the target.
@elonmusk stated during this afternoon’s