Elon Musk Just Said That AI Could Make Tesla "the Most Valuable Company in the World by Far." Here's How He Thinks It Can Happen.
Five stocks that trade on U.S. exchanges currently have market caps of $1 trillion or more. (NASDAQ: TSLA) isn't one of them.
But Tesla CEO Elon Musk thinks that his company could leapfrog past trillion-dollar market cap members Apple, Microsoft, Alphabet, Amazon, and Nvidia. Musk stated during Tesla's third-quarter earnings call that artificial intelligence (AI) could "make Tesla the most valuable company in the world by far." Here's how he thinks it could happen.
Unsurprisingly, Musk mentioned fully autonomous cars as the first way that AI could turbocharge Tesla's growth. He thinks the "economics of the system [with fully autonomous vehicles] are just insanely positive."
Source Fool.com