Elon Musk Believes Tesla Will be Worth More than Apple One Day


During yesterday’s earnings call, Tesla founder and CEO Elon Musk claimed the electric car maker was on track to become the most valuable company in the world, surpassing Apple one day with a $700 billion market valuation (via CNBC). Tesla’s current market value according to FactSet is $51 billion, while Apple’s current market value is $772 billion after a 27% rally this year.


Barclays analyst Brian Johnson asked during the company’s first-quarter conference call yesterday, “A couple years ago when the stock was at $200 … you outlined a scenario where you could get to $700 billion in market cap. That’s about where Apple was at the time. We’re two years later, you’re obviously close to the Model 3 launch, how are you looking at that?”. In reply, Musk said that Tesla can reach that valuation because of pioneering development in robots, software and artificial intelligence:

“Well, now I may want to preface this by of course I could be completely delusional, but I think I see a clear path to that outcome. … The set of steps necessary to achieve that outcome seems pretty obvious. I am heavily involved in Tesla [getting] incredibly good at the machine that builds the machine, which involves, by the way, a tremendous amount of software. This is not just a bunch of robots that are sitting there. It’s the programming of robots and how they interact. And it’s far more complex than the software in the car. I mean, I think, this is just going to be a very difficult thing for other manufacturers to copy. I would not know what to do if I were in their position.”

If Tesla is going to one day be as big or bigger than Apple, Musk says he plans to stick around to see it happen on his watch.


  • DonatelloNinjaTurtle

    I could see it happening if they do grow as an energy company.

    I do feel like there are a lot of similarities between Tesla and Apple. Like Apple, Tesla seems to be investing heavily in controlling the design of their cars from top to bottom, and even in all the manufacturing – like he mentions, designing the robotics that will be used for assembly. Similar to Apple designing manufacturing processes for working with materials and building iPhones.

  • FragilityG4

    Well if governments keep giving them free cash and subsidies to their customers than why not.

  • Jason

    Great goal to have Elon. Keep up the great work.

  • speedracer99

    What he means to say is that he hopes Apple will buy them….

  • Steve

    Unlike Apple, as long their products (cars) aren’t affordable to a large percentage of the masses, they will never surpass Apple. From the ultra rich to your average blue-collar working stiff, all have iPhones.

  • Ron

    The manufacturing process between the two companies is n owhere near similar. Elon’s is almost completely automated, where as Apple relies on oversees Chinese slave labor to manufacture their products.

  • DonatelloNinjaTurtle

    In regards to how they both design their own manufacturing processes, designing machines that build the products, they’re extremely similar.