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Oct 21, 2022

Elon Musk Believes Tesla Stock Will Be Worth More Than Apple and Saudi Aramco Combined

Posted by in categories: Elon Musk, finance, sustainability, transportation

Elon Musk made a bold prediction during Tesla’s Q3 2022 earnings call stating that Tesla would grow to become an enormous company by the end of this decade.

Tesla CEO Elon Musk dazzled and entertained listeners during the call, which was full of jokes and ambitious goals. That’s when he made the bold statement that Tesla could surpass both Apple and Saudi Aramco’s market cap in the future.

Back in 2017, Elon Musk said Tesla would exceed Apple’s market cap of $700 billion in just a few years. Tesla did just that back in 2020 during its glorious bull run and hit the $1 trillion mark during the height of the 2021 stock market bull run.

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