Valuation
Elon Musk has stated that Tesla could potentially achieve a $100 trillion valuation, but it would require enormous work and good luck. The comment follows investor suggestions about merging his businesses to hit that mark. Currently valued at $1.5 trillion, Tesla's growth hinges on advancements in robotaxis, humanoid robots, and energy storage.
Reported by AI
Institutional Shareholder Services (ISS) has recommended that Tesla shareholders vote against a proposed $1 trillion stock award for CEO Elon Musk, citing concerns over its size and structure. The opposition comes amid Tesla's aggressive marketing campaign to secure approval for the package ahead of the November 6 shareholder meeting. Analysts suggest this could highlight risks to Tesla's current valuation, which appears overvalued by traditional metrics.