Tesla, Inc. (NASDAQ:TSLA) held its annual shareholder meeting Thursday evening and CEO Elon Musk in his address touted the immense growth potential the company offers but at least one fund manager wasn’t impressed.
What Happened: While reviewing the year for Tesla shareholders, Musk delved into the multiple opportunities before the company. “Tesla has the production capability; it has the engineering capability and it has the AI hardware and software capability,” he said.
The billionaire also said the most optimistic estimates on the Street for Tesla’s humanoid robot, Optimus‘ undercount the magnitude of what it will be able to do.
Doing the valuation math for Tesla, Musk said he agreed with Cathie Wood-run Ark Invest’s analysis of autonomous transport being a $5 trillion to $7 trillion market-cap opportunity. Optimus is worth $25 trillion, he said. The Tesla chief did not specify the timeframe when the company will be able to realize this potential.
That said, he cautioned that it could be a tall order hitting those market-cap ...