Musk believes Tesla will exceed Nvidia's value
fool.com —
Elon Musk predicts Tesla could become the world's most valuable company, potentially surpassing $10 trillion in market capitalization, a claim that has investors questioning the stock's value. Musk's optimism stems from the potential of Tesla's Optimus robot and Cybercab, despite the company's automotive business experiencing declining sales and falling profit margins, with no new models on the horizon. Tesla's current market cap is under $900 billion, and its stock trades at a high price-to-earnings ratio, leading analysts to advise caution and suggesting the stock may be overvalued.