Can This Unconventional Product Launch Tesla to a $30 Trillion Market Cap in Just 5 Years?
Elon Musk’s company could dwarf Apple, Nvidia, and Microsoft
At the Tesla shareholder meeting last month, Elon Musk predicted that the company would have a $30 trillion market cap.
To put this in context, if you combined half the companies of the S&P 500, they would have a total combined value of around $45 trillion.
Microsoft and Apple are the most valuable companies in the world, with market caps of just over $3 trillion.
What makes Elon Musk confident that his company is worth ten times more than these other companies?
It’s based on Optimus, it’s a robot that Tesla that revealed in 2021.
The new robotic math
I’m not sure if Elon was on any hallucinogens at the meeting, but he described the market demand for robots would reach one billion units per year.
Since Tesla was a market leader in this new tech, he thought they could capture at least 10% of this new market.
He also mentioned that Optimus robots could be built for about $10k, which is cheaper than a Tesla car can be created.
