Tesla can be worth more than Apple and Saudi Aramco combined - Elon Musk states

[Majestic-milf]

After the release of its Q3 earnings results on Wednesday, it was disclosed that Tesla did not sell any of it's BTC as balance sheet still show $218m in digital assets.
 


In 2021, Tesla purchased $1.5bn worth of crypto but sold of %75 of it's shares in Q2.
Records show that in Q3, the company's revenue rose to $21.5bn. This upsurge has led Elon to declare that at the rate they are moving, the value of Tesla shares can be worth more than the values of Apple and Saudi Aramco combined.

 As of October 2022, according to market cap, Apple has a market value of $2.311trn, making them the world's most valuable company, while Saudi Aramco has a market cap of $2.092trn, coming close second most valuable company.
 https://www.google.com/url?q=https://companiesmarketcap.com/apple/marketcap/&sa=U&ved=2ahUKEwiV5syEpe_6AhVvxQIHHUpLD7oQFnoECAkQAw&usg=AOvVaw1tYZ1kIq9BT2DBYoeILa12

 Elon has a penchant for competition, as this is quite expected in business, but can he be able to overthrow Apple's position or will his interests move to something else in the future?
https://news.bitcoin.com/tesla-holding-218m-in-bitcoin-elon-musk-expects-company-to-be-worth-more-than-apple-and-saudi-aramco-combined/

[Fortify]

After the release of its Q3 earnings results on Wednesday, it was disclosed that Tesla did not sell any of it's BTC as balance sheet still show $218m in digital assets.

In 2021, Tesla purchased $1.5bn worth of crypto but sold of %75 of it's shares in Q2.
Records show that in Q3, the company's revenue rose to $21.5bn. This upsurge has led Elon to declare that at the rate they are moving, the value of Tesla shares can be worth more than the values of Apple and Saudi Aramco combined.

 As of October 2022, according to market cap, Apple has a market value of $2.311trn, making them the world's most valuable company, while Saudi Aramco has a market cap of $2.092trn, coming close second most valuable company.
 https://www.google.com/url?q=https://companiesmarketcap.com/apple/marketcap/&sa=U&ved=2ahUKEwiV5syEpe_6AhVvxQIHHUpLD7oQFnoECAkQAw&usg=AOvVaw1tYZ1kIq9BT2DBYoeILa12

 Elon has a penchant for competition, as this is quite expected in business, but can he be able to overthrow Apple's position or will his interests move to something else in the future?
https://news.bitcoin.com/tesla-holding-218m-in-bitcoin-elon-musk-expects-company-to-be-worth-more-than-apple-and-saudi-aramco-combined/

Elon, the largest shareholder, has every incentive to try to over exaggerate Tesla's future because he stands to gain the most from it (provided he hasn't sold off too much) - making this a rather moot news story. Not only that he is currently looking at a huge bill for buying Twitter, which he has no way to avoid due to Delaware's aggressive pro company legal stance. That means he needs to figure out ways to raise more money, which he might do by swapping shares or trying to pump up the value of his existing holdings. At least he is being less manipulative or outright fraudulent in making claims than in the past, as this is merely his personal prediction instead of claiming some secretive group of buyers want to take it over for a huge price.

[AmoreJaz]

Elon, the largest shareholder, has every incentive to try to over exaggerate Tesla's future because he stands to gain the most from it (provided he hasn't sold off too much) - making this a rather moot news story. Not only that he is currently looking at a huge bill for buying Twitter, which he has no way to avoid due to Delaware's aggressive pro company legal stance. That means he needs to figure out ways to raise more money, which he might do by swapping shares or trying to pump up the value of his existing holdings. At least he is being less manipulative or outright fraudulent in making claims than in the past, as this is merely his personal prediction instead of claiming some secretive group of buyers want to take it over for a huge price.

i do agree, what do we expect from him to say about the companies that he is partly owner? definitely, he will most likely exaggerate things to possibly benefit the image of his companies. but aside from marketing his company, i believe, he has also other things in mind how to uplift the worthiness of Tesla in the coming years. i don't think he is saying this with empty basis. but who knows his ulterior motives, right?

[KennyR]

Elon Musk is into business, and he takes everything in connection to business and revenue out of it. In such a way there is no need of combining Aramco and Apple to stay down to Tesla. These are some form of manipulative terms, and if people start to react then the market could get boosted. This will help him on the acquiring of Twitter.

For now his manipulation has failed in the cryptomarket as well in the traditional market. It is time for him to find new way to make some disturbance in the market. Surely he'll have alternate plans, because he's a genius billionaire among all.

[Hydrogen]

Has anyone read Elon Musk's leaked private message conversations relating to the twitter deal?

It seems to me that even founders of twitter like Jack Dorsey look up to Elon Musk as if he were the techno king. Elon's fanbase seems to include many other successful tech CEOs who defer to him. All of the ideas Elon posted for the future of twitter, seem to be ideas he got from another tech CEO. Jack Dorsey has an interesting concept for a future social media platform which Elon could end up funding. Its a really good design concept. Although I think there are several competing concepts trying to achieve near to the same thing.

Tesla has shown that it can be very flexible and think outside the box when it needs to. They're outworking their competitors and could be ahead in development of EVs by a span of years. Even toyota can't touch them although toyota supposedly had a 5 year technology advantage over other automakers in developing and building hybrids. Tesla could have a bright future is like saying water is wet at this point.

[Die_empty]

Records show that in Q3, the company's revenue rose to $21.5bn. This upsurge has led Elon to declare that at the rate they are moving, the value of Tesla shares can be worth more than the values of Apple and Saudi Aramco combined.

Elon Must is a master in market manipulations. He understands that he has the power to manipulate the financial or economic decisions of so many people. His comments now can make people start to buying Telsa shares which might lead to an increase in price. It is clear that Telsa is a visionary firm that has become a key player in the future of the automobile industry but making this statement now might have other hidden reasons.

Apple would be very difficult to unseat as the most valuable brand because of its ceaseless expansion and diversification into different technological sectors. It is also a higher innovative company like Telsa. Its products a highly valued and known even in most developing countries. 

Saudi Arabia is the most influential country in OPEC (Organization of the Petroleum Exporting Countries). Over the years this organization has spearheaded the quest to make crude expensive through supply cuts and quota systems. Sanctions against Iran and Russia have also been beneficial to these oil-producing states. Aramco is currently making a whole lot of profit. The firm published that its net income increased by 90 percent in the first quarter.

Elon Musk did not give a timeline for his prediction, but I doubt if it would come to pass in the next five years.   

[Lucius]

After the release of its Q3 earnings results on Wednesday, it was disclosed that Tesla did not sell any of it's BTC as balance sheet still show $218m in digital assets.
---
In 2021, Tesla purchased $1.5bn worth of crypto but sold of %75 of it's shares in Q2.

Of the total amount they had, they first sold 10%, and then another 75%, which leaves them with only 15%, which roughly leaves them with around 6000 BTC. It would be good if they sell that too and end the story about how Mr. Mars wishes good for anyone, except for himself and his company.

We are talking about trillions here, and at the same time a man at one point wants to charge Ukraine for using his internet for the key defense of the country, and it is a measly amount of $80 million. However, it seems that the hypocrite will finally profit from the war, because the EU is discussing paying for the use of the Internet.

Speaking to POLITICO, Landsbergis suggested Ukraine's internet access should not be left in the hands of a single "super-powerful" person who could "wake up one day and say, ‘This is no longer what I feel like doing and this is it.’ And the next day, Ukrainians might find themselves without the internet.”

He continued: “I figured that it's probably way better to have this as a contractual agreement between, let's say, a coalition of countries that could purchase a service from Mr. Musk, the Starlink service, and provide it to the Ukrainians and keep on providing it to Ukrainians.”

[blue_hurricanger]

I would take anything from Elon Musk with a very cynical view if I was you. He has no qualms and his integrity is questionable. He just says things that people like to hear and such, appear to the mass, you know.
But once it comes to profit and money, those nice and fancy things about his bravado are thrown out of the window right away.

For example, you know what Elon Musk has said about wanting to keep Twitter as a 'freedom of speed' platform. Then he's shilling for Russia regard about their invasion, about what kind of peace deal Ukraine should take, giving away their land to buy a 'temporary peace'. Cause he doesn't care about what happen after that, just his money at the front, at it was right now from Starlink giving away for Ukraine's troop to use which cost him money.
Or when he's shilling for the CCP regard about Taiwan's status. That Taiwan should accept the 'one country, two systems' ploy from the CCP when the fucking thing has been played out and shown people the true color of the CCP. It was in Hongkong, their freedom was taken away, massive protests against CCP, and eventually, capitulation under CCP's 'one country, two systems'. All for what? For his company, Telsa to receive tax exemptions on their cars in China.

If you still believe in what Elon Musk was saying, you're a fool.

https://www.taiwannews.com.tw/en/news/4685519

TAIPEI (Taiwan News) — Two Tesla models were handed tax exemptions by Beijing on Monday (Oct. 10), after a report cited the company's CEO Elon Musk as recommending Taiwan should be run along the lines of Hong Kong's "one country two systems" model — and one day after China expressed approval of his plan.

On Friday (Oct. 7), the Financial Times published an interview with Musk when he recommended Taiwan become absorbed into China as a special administrative zone that is "reasonably palatable." The tech tycoon then speculated that while it "won't make everyone happy," the terms of Beijing's rule over Taiwan could be "more lenient than Hong Kong."

[hugeblack]

I don't expect more of the legendary growth of Tesla, as the electric car industry has become the focus of the attention of giant companies, the cheap industry in China has disappeared, and there may be a semiconductor problem in Taiwan. All these factors will make us believe that the next will be worse.

The other side is the problem of batteries, which I expect the Chinese giant BYD to excel in, and therefore whoever controls this sector with semiconductors will determine the future of the industry.

On the other hand, there is no real competition for Apple and Saudi Aramco.

[kryptqnick]

Tesla's market capitalization is at $657.72 billion, and Apple + Saudi Aramco is $4.451 trillion (I've used the data from here). So Tesla is currently worth just shy of 15% of the top-2 combined. Quite an ambitious statement from Musk, then, which isn't surprising but isn't particularly realistic either.
Musk did some good, but also some bad with his talks and actions for the crypto market. I hope more major companies will join in, so that we can be hopeful about someone other than this guy.

[Lucius]

I don't expect more of the legendary growth of Tesla, as the electric car industry has become the focus of the attention of giant companies, the cheap industry in China has disappeared, and there may be a semiconductor problem in Taiwan. All these factors will make us believe that the next will be worse.

I know there are always people who can afford expensive things, but the base Model T costs about $47 000, which is about $10 000 more than in 2019. Someone will say that other cars have also become more expensive, which is true, but for the price of 1 basic T model, you can buy at least two solid cars, or even three smaller ones.

I would not take such statements as something to be taken seriously, especially if we know that this man has already been punished by the SEC for manipulating the price of his shares in the past.

[dothebeats]

Nothing new for a major shareholder to boast their company's image in exchange for some possible buys from investors or traders. Elon can literally claim anything on Tesla stock, but the thing is how long would these claims be manifested and how will it be possible to achieve it? Nowadays, no one questions the 'how' on huge claims, especially if it's about money that a lot of individuals can possibly earn. They just go with the bullshit and put their money on it hoping that they also make it big.

Saudi Aramco is already a difficult company to chase in terms of valuation given how important its products are. What more with Apple and its line of overpriced tech products that a lot of people still prefers to buy?

[mindrust]

Tesla don’t even sell the tenth of what the biggest car manufacturer is selling and yet Tesla is 10 times bigger than the biggest car manufacturer. Everybody but the investors can see the Tesla bubble. It is price to earnings ratio is through the roof and the valuation of this stock makes no sense. Stocks like tsla are known to create lots of bag holders and we will see if tsla is going to be an exception.

[DudeAtWork420]

I also think future of Tesla is brighter because mankind will surely fully convert to renewable energy due to extreme weather changes. Fossil fuel companies and countries depended on it will face a heavy damages to their economy. Apple is already out of a large quantity of people from the world. Cheaper but better quality phone companies become more popular in terms of use case.

[blockman]

Elon has a penchant for competition, as this is quite expected in business, but can he be able to overthrow Apple's position or will his interests move to something else in the future?

It will be just a matter of time until he's able to expand his Tesla worldwide. There are still countries that are not accessible to his Tesla products and aren't built for them. But by the time it comes, it will boost its sales by adding to its market cap, and probably be able to overcome Apple's position. Well, I've just watched a video that he offered his Tesla company to Apple before for $62B but Apple declined the offer. If the deal has happened before, they're now both the richest companies being owned by one business venture.

[avikz]

Even if I don't look from the perspective of their bitcoin holding and just from the business perspective, Tesla definitely has the power to become the world's most valuable company. Unless and until some drastic shift in mobile technology is invented, Apple may shortly loose their first spot to Aramco. But Tesla is betting strongly on clean energy which will eventually gain more prominence across the world in coming years.

The bitcoin holding might help them to get to that spot quite easily but that should not be the only reason. The carbon credit that Tesla sells would eventually become more costly. That's the main business of Tesla.

[Majestic-milf]

Granted, they are operating in a fast paced economy and seem to record more growth than the smartphone market, I still think it would be a long time before Tesla outpaces Apple.

 With such Tesla still at $670bn, they have yet to scratch the surface of even Saudi Aramco and it's quite laughable to believe they can beat these two giants even if they are given from now till 2030 to do that.

[cabron]

Granted, they are operating in a fast paced economy and seem to record more growth than the smartphone market, I still think it would be a long time before Tesla outpaces Apple.

 With such Tesla still at $670bn, they have yet to scratch the surface of even Saudi Aramco and it's quite laughable to believe they can beat these two giants even if they are given from now till 2030 to do that.

China's Chip industry shambles lately when Biden calls for its US citizen to resign or lose US citizenship. Chips are important in manufacturing EVs, Tesla's production might also be affected with this sanction.

Saudi Aramco is the largest. In fact the family behind Aramco is the richest on earth than Elon, they are just not showy.
There would have to be a massive adoption of EVs to which gas and oil are not needed for Tesla to rise up. It will need the company to go bankrupt for Tesla to be richer than Saudi Aramco.

[Lucius]

...they have yet to scratch the surface of even Saudi Aramco and it's quite laughable to believe they can beat these two giants even if they are given from now till 2030 to do that.

Elon has a penchant for competition, as this is quite expected in business, but can he be able to overthrow Apple's position or will his interests move to something else in the future?

First, you give credibility to what he says, and then you say it's "quite laughable" that something like that could even happen. Either the man is serious and you trust him, or he is trying to manipulate the stock price to convince some people that it is the right time to invest in his company. It seems that people don't believe him at all, considering that the price of the T share lost 3% in value in the last few days.

[stompix]

Of the total amount they had, they first sold 10%, and then another 75%, which leaves them with only 15%, which roughly leaves them with around 6000 BTC. It would be good if they sell that too and end the story about how Mr. Mars wishes good for anyone, except for himself and his company.

Those 10% and 75% are numbers of the initial purchase or the amount they had held at the mentioned date because if they sold 105 of the initial and and then 75% of the leftover they still might have 22.5 of the original sum, I've seen his quoted in different ways from 75% of their holdings (which would mean current state) to 75% of their purchases so it would mean initial stock.

But if you think Musk is done with or plans on giving up, there is no way, he loves what he's doing with those tweets, with his small announcements on purchases and sales, with his tweets about war, peace, and even lately trolling Medvedev on Twitter, he loves the attention and people, even if they dislike him still are giving him some, this will go on forever.

Saudi Aramco is the largest. In fact the family behind Aramco is the richest on earth than Elon, they are just not showy.
There would have to be a massive adoption of EVs to which gas and oil are not needed for Tesla to rise up. It will need the company to go bankrupt for Tesla to be richer than Saudi Aramco.

Saudi Aramco is owned by the state, despite Saudi Arabia being a quasi-dictatorship it doesn't make that company totally theirs, they can't just pack all of it up and move it to some other country nor can they sell it, if the shares get sold the owner is the government and they need that money if Musk sells then those are his money and he can do whatever the wants with it.
And about them not being showy...lol. Are you serious?