Elon Musk Believes Tesla's Market Cap Could Surpass Apple And Saudi Aramco Combined: 'It Is Possible'
Portfolio Pulse from Anan Ashraf
Elon Musk believes Tesla's market cap could surpass Apple and Saudi Aramco combined, stating that it is possible but requires a lot of work. Tesla currently has a market cap of $765.82 billion, while Apple and Saudi Aramco have market caps of $2.85 trillion and $2.09 trillion, respectively.
June 10, 2023 | 2:19 am
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NEUTRAL IMPACT
Elon Musk believes Tesla's market cap could surpass Apple and Saudi Aramco combined, which could impact Apple's position as one of the highest-valued companies globally.
While Elon Musk's statement about Tesla's potential to surpass Apple and Saudi Aramco's combined market cap could impact Apple's position as one of the highest-valued companies globally, it is uncertain how this would directly affect Apple's stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Elon Musk believes Tesla's market cap could surpass Apple and Saudi Aramco combined, which would require significant work and creative new productions.
Elon Musk's statement about Tesla's potential to surpass Apple and Saudi Aramco's combined market cap could boost investor confidence and drive the stock price up in the short term. However, this would require significant work, creative new productions, expansion management, and luck.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100