Elon Musk's eye-opening statements on Tesla's earnings call
Elon Musk's Promise to Tesla Fans and Investors
Tesla's revenue for Q3 was $21.45 billion, a record but short of analysts' estimates of $21.96 billion.
The company's CEO made the promise after mixed third-quarter earnings, announcing that $Tesla(TSLA.US)$ was going to have an "epic" end of the year despite third quarter results which somewhat disappointed the markets.
"We're looking forward to a record breaking Q4," Musk told analysts in his opening remarks. "It looks like we'll have an epic end of year." "Q4 is looking extremely good."
About Tesla's Potential Future Value
Musk now claims that Tesla has the potential to become the most valuable company in the world, saying he thought the company could "far exceed" Apple's current market capitalization.
"I see a potential path for Tesla to be worth more than $Apple(AAPL.US)$ and Saudi Aramco combined," Musk continued. "Now that doesn't mean it will happen or that it'll be easy. In fact, I think it will be very difficult and require a lot of work, some very creative new products, mass expansion and – always – luck."
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