Elon Musk Said In 2015 Tesla Could Be Worth $700 Billion In 2025 — Was 5 Years Early HEAD TOPICS

Elon Musk Said In 2015 Tesla Could Be Worth $700 Billion In 2025 — Was 5 Years Early

10/22/2022 5:10:00 AM

Elon Musk Said In 2015 Tesla Could Be Worth $700 Billion In 2025 — Was 5 Years Early

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CleanTechnica

Elon Musk Said In 2015 Tesla Could Be Worth $700 Billion In 2025 — Was 5 Years Early In February 2015, Tesla CEO Elon Musk said that Tesla's stock price and market cap could go into 'insane mode' (which was a feature on Tesla's quickest cars back then) in the coming decade. He As the chart above from James Stephenson shows, surpassing the combined market cap of Apple and Saudi Aramco means reaching a market cap of ~$4.4 trillion, more than six times Tesla’s current market cap of ~$0.7 trillion. If that is indeed going to happen, the core question is: what’s the timeframe for that? The past is not prologue, and there’s no guarantee that Tesla stock will rise like this just because Elon predicted it and he was right about his previous such prediction. However, responses to the statement are similar to responses to his 2015 one. Many Tesla fans are cheering the bullish sentiment and consider it to be almost a certainty now, perhaps even within 5 years again. Those who are more skeptical or critical of Elon and Tesla, on the other hand, see it as a crazy statement that is not based in logic and some even think that Elon is hyping up the stock (or “pumping” it) in order to sell stock to help fund his purchase of Twitter. (One does have to think, though: Does selling stock when it’s expected to rise so much in order to buy Twitter mean that Elon thinks Twitter’s value will rise that much or more? Or does Elon really think this is a more noble and helpful contribution to humanity than, for example, helping to feed millions of people suffering from hunger and famine while retaining more of his Tesla shares?) Read more:
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SEATTLE (AP) — With Hollywood producer Jerry Bruckheimer as part of the ownership group, the Seattle Kraken were always going to have a cinematic element to their video productions. When the Kraken decided to revamp their pregame introductions during the offseason, Bruckheimer was involved to go over ideas. Read more >> Tesla Still Holding $218M in Bitcoin — Elon Musk Expects Company to Be Worth More Than Apple and Saudi Aramco Combined – Featured Bitcoin NewsTesla is still holding $218 million in bitcoin. CEO Elon Musk expects the company to be worth more than Apple and Saudi Aramco combined. $BTC crypto GUYS!! Crazy returns in airdrop now 🎁 Airdrop Doon't be late 🤯 Why are they keeping this a secret Elon Musk: Tesla Could Be Worth More Than Apple + Saudi Aramco. Stock Market: Not So Fast.On the Tesla conference call today, the 1 headline grabber was that Tesla CEO Elon Musk now thinks Tesla [NASDAQ:TSLA] could one day become more valuable than Apple and Saudi Aramco currently are combined. That His company landed a rocket. That's not enough? Tesla reports record revenues and strong earnings for Q3, stock prices sinkingU.S. automaker Tesla has released third-quarter fiscal figures, which notably missed the mark as far as analyst expectations are concerned. 10 Elon Musk quotes from his Q3 earnings call - AutoblogThe Tesla CEO teased up to $10 billion of stock buybacks next year, rang the deflation alarm, and distanced himself from Warren Buffett. Tesla 3Q profit more than doubles from a year ago to $3.29BThe Austin, Texas, electric vehicle and solar panel maker posted net income of $3.29 billion from July through September. Here are Thursday's biggest analyst calls: Apple, Tesla, Amazon, Dick's, Sunrun, Nike & moreHere are Thursday's biggest calls on Wall Street. October 19, 2022 As the chart above from James Stephenson shows, surpassing the combined market cap of Apple and Saudi Aramco means reaching a market cap of ~$4.holdings in the second quarter of this year.conf call: – Zach guided to “just under 50%”deliv growth for FY’22 – implies 4Q delivs ~450K+ – Elon: 4Q delivs “epic” – Elon said $5B-$10B buyback likely in 2023 – Auto GM% probably weak due to ramp of Berlin/Austin – M-$30K vols will be bigger than all models combined — Gary Black (@garyblack00) 4/ Elon clearly selling on call: – 4Q will be epic – Said TSLA market cap would be more than AAPL and Saudi Aramco combined (>$4T) – $5B-$10B buyback next year – FY’24 forecast of 50K Semis implies $10B of increm revs @ $200K – New compact would outsell all other models combined — Gary Black (@garyblack00) October 20, 2022   Is that what was going on? Was Elon pumping TSLA knowing that he intended to sell more stock soon? Well, whether for that reason or others, the market has decided that the conference call brought more pessimism than optimism and the time to sell is now.sign in 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4 trillion, more than six times Tesla’s current market cap of ~$0.7 trillion.5 billion, compared with analysts’ projections of $22. If that is indeed going to happen, the core question is: what’s the timeframe for that? The past is not prologue, and there’s no guarantee that Tesla stock will rise like this just because Elon predicted it and he was right about his previous such prediction. Guiding “just under” 50% growth year over year may be a bit lower than some expected, since guidance was previously 50% growth. However, responses to the statement are similar to responses to his 2015 one. Profit excluding some items rose to $1. Many Tesla fans are cheering the bullish sentiment and consider it to be almost a certainty now, perhaps even within 5 years again. Those who are more skeptical or critical of Elon and Tesla, on the other hand, see it as a crazy statement that is not based in logic and some even think that Elon is hyping up the stock (or “pumping” it) in order to sell stock to help fund his purchase of Twitter.01 average of estimates compiled by Bloomberg. He talks about a cheaper car yet we still have no CT price. (One does have to think, though: Does selling stock when it’s expected to rise so much in order to buy Twitter mean that Elon thinks Twitter’s value will rise that much or more? Or does Elon really think this is a more noble and helpful contribution to humanity than, for example, helping to feed millions of people suffering from hunger and famine while retaining more of his Tesla shares?) In the 2015 news article referenced near the top, the journalist wrote, “Elon Musk says a lot of bold things. But he may have just outdone himself. The two are currently the world’s largest companies by market cap.” Others laughed at him. I can wait. Others criticized him and called him a fraud. At the time of writing, Saudi Aramco’s market cap is $2. Others said there was a 0% chance Tesla would reach a market cap of $700 billion. And plenty of people thought he was simply trying to pump up the stock.31 trillion. — MychaelP (@MP_InTheMoney) We don't even have the CT yet, Gary. All of this is to say, we must at least consider it a decent possibility that Elon will be right again on this topic. Tesla is expected to produce about 1.76 billion.5 million in 2022, and deliver almost that many. I'm still holding shares but being down over 50% for a company with huge numbers is quite odd. Elon Musk’s target is for the company to reach a production run rate of 20 million a year in 2030. He explained that “China is experiencing a recession of sorts,” mostly in the property markets, and “Europe has a recession of sorts driven by energy. That’s more than 13 times more. Even if you consider that … insane … and estimate 10 million sales in 2030, that’s 6. Recently, Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon also. He said they weren’t at all worried about demand.7 times more, a somewhat higher increase than Elon expects the stock price to see. None of this means that Elon is always right in his predictions. He thought COVID-19 would go away by April of 2020 naturally. He believed Tesla would achieve robotaxi-level full self driving in 2020. Nonetheless, he has been quite good at forecasting some things related to Tesla, like its medium-term and long-term growth and profitability. The media reports with great fanfare my predictions that are late, but rarely those that come early — Elon Musk (@elonmusk) .