Why Elon Musk thinks Tesla will be worth as much as Apple in a decade


Thanks to a killer 2014, this week Apple became the first U.S. company to be worth over $700 billion. Could a company that makes electric cars ever be worth that much? Well, yes, according to comments made by Tesla CEO Elon Musk during the company’s earnings call Wednesday night.

Musk said that Tesla is investing a “staggering” amount of money into its capital expenditures ($1.5 billion in 2015), including manufacturing, expanding its own branded stores, installing charging stations, designing the Model 3, finishing engineering and tooling of the Model X, and building the massive battery factory. But that amount of capex spending could turn Tesla into a company worth $700 billion in a decade, said Musk, noting that his comments were his personal opinion and not company predictions.

Inside Tesla Motors Inc.'s Flagship Showroom

So here’s his, admittedly back of the envelope math: take Tesla’s annual revenue of 2015, which he says will be $6…

View original post 203 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.