One of the most popular names in the internet and technology world. Elon Muskdraws attention with its assertive statements. Before that 3rd financial quarter of 2022 Tesla CEO, who announced the results, continues to make remarkable statements. Musk, Tesla’s market value in the future Apple and Saudi Aramco He said it would exceed the total.
Tesla needs to grow six times to be worth more than Apple and Saudi Aramco
Tesla CEO and the richest person in the world, Elon Musk, made a very ambitious statement the other day. Musk said in a statement that the electric vehicle company is out of the world’s two largest companies, Apple and Saudi Aramco. become more valuable He said he could come.
The combined market value of technology giant Apple and Saudi Arabian state energy company Aramco is today $4.4 trillion It should be noted that around Tesla’s market value is approximately $690 billion. That’s roughly the company’s way of catching up. six times growth means needed.
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In Tesla’s earnings call on October 19, Musk said: “I see a potential way for Tesla to be worth more than Apple and Saudi Aramco combined.” said. When we look at the third financial results of 2022, we see that it has almost doubled compared to the year. It is also possible to say that the company’s revenues reached 3.3 billion dollars.
According to Musk, Tesla has a $ 5-10 billion share buyback program can start. With this program, it aims to increase the share price by collecting its own shares. In addition, regarding the issue, the CEO stated that there is no final decision for now and it is still being discussed.
With all this, Musk is the company’s humanoid robot. Tesla Optimusdoes not include it in this plan. He also says it takes hard work, great practice, and a bit of luck to get the value of Apple and Aramco.
So, what do you think about this subject? Do you think Tesla could be worth more than Apple? Do not forget to share your views with us in the comments section!