Tesla and Apple are two of the most valuable companies in the world, with a combined market cap of around $4.4 trillion as of Wednesday, October 20th, 2022. Tesla, however, has a much smaller market cap of just below $700 billion.
Recently, Tesla CEO Elon Musk made a bold statement, claiming that Tesla could eclipse the combined value of Apple and Saudi Aramco, the world’s most valuable companies. The market, however, thinks that this is ludicrous.
Tesla has certainly been on a meteoric rise in recent years, with its stock price more than tripling in the past year alone. The company has seen tremendous success in the electric vehicle market, with its Model 3 becoming the best-selling electric car in the world. Tesla has also been expanding its business into other areas, such as energy storage and solar energy.
Apple, on the other hand, is a much more established company, with a long history of success in the consumer electronics market. The company has seen tremendous success in recent years, with its iPhone, iPad, and Mac products all becoming extremely popular. Apple also has a large and loyal customer base, which has helped to drive its stock price to new heights.
At the moment, it seems highly unlikely that Tesla will be able to eclipse the combined value of Apple and Saudi Aramco. Apple is a much more established company, with a long history of success and a large and loyal customer base. Tesla, on the other hand, is still relatively new and is yet to prove itself in the long term.
However, Tesla has certainly been making waves in the market, and if it continues to innovate and expand its business, it could potentially become a major player in the future. Only time will tell if Elon Musk’s bold prediction will come true.
