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Elon Musk Thinks Tesla Will Be the World's Most Valuable Company, but This Huge Problem Could Send Its Stock Plunging by 70% Instead
Tesla (NASDAQ: TSLA) stock hit a new record high in Dec. 2024 on the back of President Trump's election win. Investors speculated that Trump's focus on deregulation could speed up the company's ability to commercialize its autonomous robotaxi and humanoid robot opportunities.In fact, CEO Elon Musk believes those two businesses will eventually make Tesla the world's most valuable company one day -- potentially even more valuable than the next five companies combined. Today, those five companies are Microsoft, Apple, Nvidia, Amazon, and Alphabet, and they have a combined market capitalization of $13.6 trillion. But there's a problem: Tesla is worth only $1.2 trillion as of this writing, and most of its revenue still comes from selling electric vehicles (EVs), which are seeing plummeting demand. That's bad news for Musk's ambitious forecast in the near term, and here's why it could lead to a collapse of over 70% for Tesla stock instead.Continue reading
Tesla (NASDAQ: TSLA) stock hit a new record high in Dec. 2024 on the back of President Trump's election win. Investors speculated that Trump's focus on deregulation could speed up the company's ability to commercialize its autonomous robotaxi and humanoid robot opportunities.
In fact, CEO Elon Musk believes those two businesses will eventually make Tesla the world's most valuable company one day -- potentially even more valuable than the next five companies combined. Today, those five companies are Microsoft, Apple, Nvidia, Amazon, and Alphabet, and they have a combined market capitalization of $13.6 trillion.
But there's a problem: Tesla is worth only $1.2 trillion as of this writing, and most of its revenue still comes from selling electric vehicles (EVs), which are seeing plummeting demand. That's bad news for Musk's ambitious forecast in the near term, and here's why it could lead to a collapse of over 70% for Tesla stock instead.
