Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk on Thursday agreed with a shareholder that the company would likely hit a $24 trillion market cap ten years down the line, thanks to its success with humanoid robots and self-driving robotaxis.
What Happened: A Tesla investor who goes by Alex on X on Wednesday detailed his expectations for Tesla ten years down the line. According to the investor, Tesla will operate nearly 100 million robotaxis and over a billion Optimus robots by 2034, making Tesla a $24 trillion stock. However, media skepticism for the company will not end even then, the investor opined.
“The year is 2034 — Tesla operates close to 100 million Robotaxis and over 1 billion Optimus robots while is a $24 trillion stock — Legacy Media headline reads: "Random New Scheme is the Next Tesla Killer," he wrote. The investor also opined that legacy media might go extinct by 2029.
“That is probably an accurate prediction,” Musk said in agreement.