February 12, 2015 – Tesla Motors Inc Chief Executive Officer Elon Musk said on Wednesday the electric car company’s growth trajectory could take its market capitalization to US$700 billion by 2025, matching that of Apple Inc.
Musk told analysts that Tesla’s revenue this year could grow to US$6 billion, from US$3.2 billion in 2014. His 2025 market-cap prediction assumes 50 percent annual revenue growth and a price-to-equity ratio for the stock of 20.
Musk said Tesla’s US$35,000 Model 3 should be in production by the second half of 2017, and that its design will not be as “adventurous” as that of the gullwinged Model X crossover, in order to keep the production schedule on track.