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Tesla Nears $500-Billion Market Cap
Video Credit: Wochit
Published on November 23, 2020 - Duration: 00:31s
Tesla Nears $500-Billion Market Cap
Last year Tesla CEO Elon Musk predicted autonomous driving would boost his company's market capitalization to $500 billion.
On Monday, Tesla's market cap soared as high as $498 billion even though Tesla is still refining its self-driving software.
Business Insider reports that it has only released a beta version to a limited number of customers.
Musk made the claim during an investor call in May 2019, when Tesla's market cap was less than $45 billion, CNBC reported.
The Tesla chief projected in 2015 that his company's market cap could balloon to $700 billion by 2025.
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