Elon Musk Thinks Tesla Will Become the World's Most Valuable Company. Here's Why Its Stock Could Decline by 50% (or More) Instead
Tesla (NASDAQ: TSLA) stock hit a new record high shortly after President Donald Trump's election win last November because investors thought a friendlier regulatory environment could help the company bring its autonomous robotaxi and humanoid robot to market more quickly. CEO Elon Musk thinks these product platforms will help Tesla become the world's most valuable company one day.In fact, Musk believes Tesla could eventually be as valuable as the next five largest companies combined. Today, those companies would be Apple, Microsoft, Nvidia, Alphabet, and Amazon, which have a combined value of $11.8 trillion. But Tesla stock is currently heading in the wrong direction. It's down 47% from its recent all-time high, and a series of headwinds are plaguing its core business, which could lead to a further decline of 50% (or more) from here.Continue reading
Tesla (NASDAQ: TSLA) stock hit a new record high shortly after President Donald Trump's election win last November because investors thought a friendlier regulatory environment could help the company bring its autonomous robotaxi and humanoid robot to market more quickly. CEO Elon Musk thinks these product platforms will help Tesla become the world's most valuable company one day.
In fact, Musk believes Tesla could eventually be as valuable as the next five largest companies combined. Today, those companies would be Apple, Microsoft, Nvidia, Alphabet, and Amazon, which have a combined value of $11.8 trillion.
But Tesla stock is currently heading in the wrong direction. It's down 47% from its recent all-time high, and a series of headwinds are plaguing its core business, which could lead to a further decline of 50% (or more) from here.