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Home Market dynamics

Elon Musk predicts Tesla's market capitalization will surpass the combined value of Apple and Saudi Aramco within the next five years.

Author: Mash Yang
2024-01-02
in Market dynamics, Life, Topics
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Tesla CEO Elon Musk said earlier in a post that he expects Tesla's market value to exceed the combined market value of Apple and Saudi Aramco in the next five years.

Elon Musk predicts Tesla's market capitalization will surpass the combined value of Apple and Saudi Aramco within the next five years.

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若以目前蘋果市值約2.99兆美元,而Aramco市值約在2.13兆美元,以Tesla在去年11月時的市值約達1.23兆美元計算,至少要在未來5年內使市值成長4倍以上。

This calculation assumes that the market capitalizations of Apple and Aramco have not increased, while Tesla's market capitalization is based on $1.23 trillion. In reality, the market capitalizations of Apple and Aramco are likely to continue to rise, while Tesla's market capitalization has recently decreased from $1.23 trillion to $7780 billion.

I stand by my prediction that, if Tesla executes extremely well over the next 5 years, that the long term value could exceed Apple and Aramco combined

- Elon Musk (@elonmusk) December 30, 2023

However, Elon Musk stated that such expectations are not automatic and require certain business execution capabilities to achieve. Whether such public statements will be deemed operationally correct by the U.S. Securities and Exchange Commission remains uncertain.

As for the social platform service "X" currently acquired by Elon Musk, the Financial Times pointed out in a related forecast report that as "X"'s advertising business is in trouble and Elon Musk's attempts to generate revenue have not improved, it may face bankruptcy.

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Tags: AramcoElon MuskTesla
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Mash Yang

Mash Yang

Founder and editor of mashdigi.com, and student of technology journalism.

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