Tesla Motors, Inc. (NASDAQ:TSLA), Apple Inc. (NASDAQ:AAPL) - Elon Musk Says Tesla Valuation Justified If Utility Of Robotaxis Is Factored
The executive said that he suspects that some investors are taking that approach to valuing the company. Why It Matters: Musk’s mathematics assumes a fivefold increase in the utility of the vehicles due to FSD, but even if there is a 2x increase, the $1 trillion valuation is still a probability. See Also: “It would be like if you made $50 million -- $50 billion worth of cars, it will be like having $50 million of incremental profit basically from that because it's just software. So -- and the pace you get 20 PE on that, it's like $1 trillion and the company is still in high-growth mode...
Source: benzinga.com