Tesla's Market Capitalization Expected to Reach $3 Trillion, Analysts Predict Possible Achievement Next Year

As of September 28, according to foreign media reports, after Apple's market value exceeded $3 trillion in July 2023, the market values of Microsoft and Nvidia subsequently also surpassed $3 trillion. With the addition of Google's parent company Alphabet this month, there are now four companies worldwide whose market values have reached $3 trillion.

According to the latest reports from foreign media, a company with a global market value of $3 trillion is expected to welcome a new member next year, with analysts from investment banks predicting that Tesla may join in the coming year.

Foreign media reports indicate that an investment bank analyst, who raised Tesla's stock target price from $500 to $600 in May and forecasted a market value of $2 trillion by next year, has once again increased his expectations in a recent report. He now predicts that Tesla's market value could reach $3 trillion by the end of next year.

As of Friday's market close, Tesla was priced at $440.4, with a market capitalization of $1,420.488 billion. Based on the current outstanding shares, Tesla's market value would need to reach $3 trillion, which means the stock price would have to rise to $930.1, an increase of $469.7 from Friday's closing price.

Investment banking analysts expect Tesla's market value to reach $3 trillion next year, related to artificial intelligence. They believe that AI will accelerate its development next year, and investors are underestimating the significant changes underway. Regarding Tesla's AI transformation, the analysts consider autonomous driving and robotics to be the most important. They anticipate that Tesla's Robotaxi autonomous taxi service will expand to 30 cities in the U.S. next year, and believe that the opportunities in autonomous driving and robotics alone will bring at least $1 trillion in value to Tesla.

Whether Tesla can join the $3 trillion market cap club next year remains to be seen as time goes on. Everyone is watching and waiting.