Electric car company Tesla founded by billionaire Elon Musk is expected to reach a $4 trillion valuation within the space of three years.
Tesla is in the spotlight as 1 of only 8 companies projected to reach a $4 trillion market cap by 2027, according to Wall Street analysts with other potential contenders including Alphabet, Amazon, Berkshire Hathaway, Broadcom, Eli Lilly, Meta, and Visa.
According to the report, many analysts are expecting these three Big Tech companies Microsoft, Apple, and Nvidia they appreciate faster than the U.S. market’s average historical rate, they would each reach the $4 trillion market within the same time frame.
Should Nvidia stock appreciate at the same rate as it happened over the past year in the coming months, its market cap would hit the $4 trillion mark by year-end while it’s expected to reach the $5 trillion mark next year.