Apple and Tesla Trigger Wall Street's $ 3 Trillion Valuation Dreams

  Apple and Tesla Trigger Wall Street's $ 3 Trillion Valuation Dreams A team of Wall Street professionals is responsible for Apple Inc.'s sales of electric and autonomous vehicles and Tesla Inc. estimates that each will increase their market value to $ 3 trillion by 2030. The blockbuster targets stand out, with the shares of both companies being the two most popular companies in the S&P 500 index, with a decline this year and a 4,9 % increase in the benchmark.   All these negativities did not spoil

the enthusiasm of analysts and investors to make big bets on the future of self-driving cars as Apple and Tesla

For example, Ark Investment Management CEO Cathie Wood predicts Tesla has a 50 % chance of achieving fully autonomous driving within five years, while Citigroup Inc.'s Jim Suva said that the development of Apple Car could increase the company's sales by up to 15 % after 2024. Greg Taylor, chief investment officer, Purpose Investments, said: “Tesla is a perfect example of a stockpile of momentum that is all about optimism about what they can do with whatever they're working on. " On the contrary, Apple, which has one of the best balance sheets on the market, become the new defense stock. Therefore, the buyers who buy the market have almost become the new defense that they buy Apple. " Wood was the last person to predict that after raising Tesla's share price estimate to $ 3,000 and giving the company a value of almost $ 3 trillion, it would reach the dazzling turning point. New Street analyst Pierre Ferragu estimates that the electric vehicle manufacturer could have a market value of between $ 2,3 trillion and $ 3,3 trillion by 2030.  

Source: Yahoo.Finance

 

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