At Tesla's annual shareholder meeting, CEO Elon Musk confidently declared that the humanoid robot Optimus could raise Tesla's capitalization to $25 trillion, eight times that of Apple.
According to FactSet data, the total capitalization of the 500 largest public companies in the United States (S&P 500) is currently $45.5 trillion. At Tesla's shareholder meeting on June 13, CEO Elon Musk confidently declared that the Optimus robot could increase the value of the electric car company by more than half of that figure.
CEO Elon Musk, who called himself “optimistic” at the Tesla 2024 shareholder meeting, said Tesla has embarked on a new chapter of its life in which Optimus is the main character.
 |
| CEO Elon Musk is optimistic about Tesla's future thanks to the Optimus robot. (Photo: Yonhap) |
Tesla first revealed its humanoid robot in 2021 at AI Day. In January, the electric car company introduced the laundry-folding Optimus robot in a demo video, but was immediately criticized by robotics engineers as a scam because the robots were not autonomous but controlled by humans.
At the shareholder meeting, Elon Musk did not reveal details about what Optimus can do now. However, he predicted that one day the robot will function like the characters R2-D2 and C-3PO in the Star Wars movies. They can cook, clean for people, do factory work, and even teach your children.
The billionaire also revealed that Optimus could be the catalyst to help Tesla's market capitalization reach $25 trillion. At the conference, Elon Musk also said that Tesla will move to "limited production" of Optimus by 2025 and test humanoid robots in its own factories next year.
He predicts there will be “over 1,000 or a few thousand Optimus robots working at Tesla” by next year.
According to CNBC, all of this is completely too far-fetched, especially for a famous person with ambitious promises like Musk.
To reach a market capitalization of $25 trillion, Tesla would have to be worth about eight times more than Apple, the world's most valuable company today with a market capitalization of more than $3 trillion.
At the end of June 13, Tesla was valued at $580 billion, ranking 10th in the S&P 500 index.
Musk reportedly did not give a time frame for reaching a $25 trillion market cap. He also predicted that self-driving cars could boost Tesla's market cap to $5 trillion to $7 trillion.
Tesla shares are down 27% so far in 2024 as the company estimates a sales decline due to fierce competition in China.
Musk’s bold claim on June 13 suggests that Tesla has come a long way in chip development and is ahead of Nvidia when it comes to inference, or the process of training machine learning models to draw conclusions from new data. Nvidia’s stock has risen about ninefold since the end of 2022 on strong demand for its AI chips, helping to push the company’s market capitalization to nearly $3.2 trillion.
Additionally, there is concern that Musk may be neglecting his Tesla while also running other businesses such as social network X, aerospace company SpaceX, construction and infrastructure company The Boring Company, and neurosurgery company Neuralink. In March 2023, he also founded another startup called xAI, which recently raised $6 billion in investment.
Source: https://baoquocte.vn/elon-musk-believes-tesla-will-have-a-value-of-25000-billion-usd-surpassing-apple-275051.html
Comment (0)