“Tesla’s Value Could Double That of Apple!”

In October last year, the value exceeded 1 trillion dollars, and today it is worth $695 billion Tesla is still among the most valuable automobile companies. While the future value of Tesla cannot be predicted due to Elon Musk’s unpredictability, an important statement came from Musk today.

Tesla’s founder, Elon Musk, spoke at the conference call after the company released its third quarter report. Might be worth more than Apple shared. However, he also talked about the company’s upcoming plan.

Tesla will begin to buy back its shares:

Elon Musk said that the company’s management is discussing the share buyback program and On repurchasing $5 to $10 billion of stock announced that he had reached an agreement. Stating that the buyback will continue after, Musk also shared that the plan is not fully clarified.

On the other hand, Musk shared his new goals about Tesla’s value as follows:

“Now, I think we can far exceed Apple’s current market cap. Tesla’s More valuable than Apple and Saudi Aramco combined for I see a way.”

Apple is worth $2.3 trillion today, while Saudi Aramco is worth $2 trillion. So, according to Elon Musk’s statement, Tesla’s value is, It could even exceed $4.3 trillion. Of course, we will see how much response this brave statement will receive, but by waiting.