00:00It's Benzinga bringing Wall Street to Main Street
00:02Tesla CEO Elon Musk said Saturday that reaching a $100 trillion valuation would require extensive
00:08work and good luck, though he said it is not impossible. According to a post on X,
00:13Tesla's market capitalization currently stands at $1.5 trillion,
00:17meaning the target would require a roughly 65-fold increase.
00:21Musk said Tesla's valuation ambitions extend beyond electric vehicles and include robot
00:26axis, humanoid robots, energy storage, and manufacturing. He said robot axis could be a
00:32major contributor, with ARK Invest projecting a $10 trillion market by 2030. Morgan Stanley and
00:38Citi estimate the humanoid robot market at $5 trillion to $7 trillion. Musk said Tesla aims
00:45to produce 100,000 Optimus robots per month within five years, generating $30 billion in annual revenue.
00:51For all things money, visit Benzinga.com.
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