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Companies are built or broken as dictated by the times and these days, practically everything is going Tesla’s way. Automation, renewable energy, space exploration, Mars colonization, these are just some of industries that Elon Musk’s company is involved in. As a result, analysts are already expecting that Tesla will be worth trillions in the coming years, making it the most valuable company in the US.
Recently, Tesla enjoyed some financial good news when its shares actually surpassed $300 after reporting strong sales for its Model S and Model X vehicles. At the time, analysts actually predict that there is more room for the technology company to improve its standing.
Looking at the current socio-economic climate, as well as the direction that the auto and energy industries are going, Tesla has a chance to balloon into a global powerhouse that surpasses all others. Adam Jonas, a Morgan Stanley analyst predicts that Musk’s company will be worth trillions with its collective enterprise, CNBC reports.
Jonas made this declaration in a research paper that he published on Wednesday, breaking down the various industries where Tesla will be the big fish. In the “light vehicle mobility market” alone, Jonas is seeing a $10 trillion opportunity for Tesla. In the “energy storage market,” the company could be looking at $3 trillion.
At this moment, Tesla’s market value is at $48 billion, which is already more than Ford’s $45 billion. This makes the technology firm the most valuable auto company in the country, Futurism reports. Surpassing the American institution is already impressive enough. Considering that Tesla can trace its beginnings to 2003 compared to Ford’s 114-year history, however, the implications become clearer.
The world believes that Tesla is the more valuable company of the two because it provides them with the product of the future. Ford is still churning out cars by the millions, but its lackluster investment in the electric car market has made it antiquated in the minds of many investors.
