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Elon Musk Thinks Tesla Will Become the World's Most Valuable Company, but This Glaring Problem Could Instead Lead to a 70% Plunge
Tesla (NASDAQ: TSLA) stock ended 2024 with a gain of 63%, partly because of President Donald Trump's November U.S. election win. Investors speculated that a looser regulatory environment -- and CEO Elon Musk's closeness with Trump and his inner circle -- could pave the way for Tesla to bring its autonomous driving and humanoid robotics platforms to market more quickly.According to Musk, these products could make Tesla the most valuable company in the world one day -- in fact, he thinks there is a possibility it could be worth more than the next five largest companies combined. Today, those five companies would be Apple, Microsoft, Nvidia, Amazon, and Alphabet, which are worth a combined $12.9 trillion. But there's a glaring problem which has already sent Tesla stock plunging by 41% from its December record high: The company is experiencing a sharp decline in its electric vehicle (EV) sales, which still account for most of its revenue. Here's why Tesla stock could buck Musk's prediction and deliver more downside instead.Continue reading
Tesla (NASDAQ: TSLA) stock ended 2024 with a gain of 63%, partly because of President Donald Trump's November U.S. election win. Investors speculated that a looser regulatory environment -- and CEO Elon Musk's closeness with Trump and his inner circle -- could pave the way for Tesla to bring its autonomous driving and humanoid robotics platforms to market more quickly.
According to Musk, these products could make Tesla the most valuable company in the world one day -- in fact, he thinks there is a possibility it could be worth more than the next five largest companies combined. Today, those five companies would be Apple, Microsoft, Nvidia, Amazon, and Alphabet, which are worth a combined $12.9 trillion.
But there's a glaring problem which has already sent Tesla stock plunging by 41% from its December record high: The company is experiencing a sharp decline in its electric vehicle (EV) sales, which still account for most of its revenue. Here's why Tesla stock could buck Musk's prediction and deliver more downside instead.
