Elon Musk Thinks Tesla Can Hit $24 Trillion Market Capitalization By 2034 Thanks To Robotaxis And Optimus Robots, Predicts Being Mocked
Portfolio Pulse from Anan Ashraf
Elon Musk predicts Tesla could reach a $24 trillion market cap by 2034, driven by robotaxis and Optimus robots. Musk agrees with a shareholder's forecast of Tesla operating 100 million robotaxis and over a billion robots by then. Tesla's communication strategy relies heavily on Musk and social media, as it lacks a dedicated PR department.
June 27, 2024 | 12:04 pm
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Elon Musk predicts Tesla could reach a $24 trillion market cap by 2034, driven by robotaxis and Optimus robots. This ambitious forecast, if realized, would significantly boost Tesla's stock price and revenue.
Musk's prediction of a $24 trillion market cap is based on the success of Tesla's robotaxis and Optimus robots. If these products achieve the projected scale, it would significantly increase Tesla's revenue and stock price. However, the ambitious nature of the forecast and Musk's history of over-hyping should be considered.
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