Elon Musk’s company Tesla is in a relatively new position in the industry compared to traditional car companies. Nevertheless, the company holds a significant position in the global market. Additionally, Elon Musk and Tesla investors believe that this value will increase sixfold. Here are the details!
Elon Musk believes Tesla will be a $4 trillion company!
Although relatively young in the world of automotive companies, Tesla holds a significant position in the global market and continues to grow each day. Moreover, Elon Musk and Tesla investors anticipate that the company’s value will increase sixfold.
Until today, Elon Musk has made numerous statements about Tesla’s market value. The most notable of these statements occurred in October 2022 when Musk indicated that Tesla would become more valuable than Saudi Aramco and Apple combined.
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Following Musk’s statement, the company’s shares experienced a 4% decline. In addition, the famous figure’s recent remarks on Israel and Palestine also led to a 17% drop in the company’s shares.
Nevertheless, Musk and his investors are pursuing significant goals for the upcoming period. Ran Baron, a long-time Tesla investor, expressed his belief that the company could become a $4 trillion company. He also emphasized that for the company to achieve this, being solely an automotive and battery company might not be sufficient.
On the other hand, Elon Musk also agrees with this idea. However, for all these goals to be achieved, everything in Tesla needs to be perfect. The company’s current market value is approximately $670 billion, which is about three times that of its rival Toyota.
So, what do you think about Elon Musk’s Tesla valuation statement? Do you think the company will be able to reach its target? Don’t forget to share your opinions with us in the comments section!
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