Elon Musk believes that Tesla’s biggest rival is not another car brand, but an oil company

Elon Musk wants Tesla to be the most valuable company in history.


Anyone would think that Tesla ‘s biggest rival , an electric vehicle company, would be another company in the field. However, Elon Musk  does not believe in it.

Answering a question that was asked in his account, Elon Musk assures that Tesla is “much more than a car company” and, therefore, should aspire to be the largest company in the world.

“I think Tesla has the potential to be the most valuable company in history,” says Musk. “When the market capitalization of Tesla, which makes sustainable energy products, exceeds that of Aramco, which produces fossil fuels, you know the future will be good for the Earth.”

against oil

Saudi Aramco is a fossil fuel company with a huge market capitalization: it amounts to 2.4 billion dollars. Tesla stands at 786,000 million dollars, although it has reached one billion.

Tesla also has other ways to compete with the world’s most successful oil and gas companies. It also manufactures solar panels, solar roofs, residential energy storage batteries (Tesla Powerwall), and commercial energy storage systems (Tesla Powerpack).

Tesla has plans to significantly increase its reach in the coming years, not only in the automotive sector but also in areas such as artificial intelligence. Products like the Tesla Bot , as well as an ecosystem of home products like a smart HVAC system, have the potential to make Tesla a household name like Apple.

And Apple?

Before Aramco, Apple was the largest company in the world.

In January, at the height of the Wall Street bull run, Apple was the first company to exceed $3 trillion in market capitalization.

Since then, however, the Nasdaq tech index has lost more than 25%. 

Technological companies have been suffering in the stock market due to the rise in rates in the United States