Throughout the first two months of the year, few companies have had as hard a time on Wall Street as Elon Musk’s EV manufactured. However, Tesla (TSLA) may be preparing to unleash a potential $10 trillion business that could have the company’s value soaring.
The last several weeks have seen the company report its automobile sales have taken a dip. Moreover, it is facing increased pressure from geopolitical tension, driving increased tariffs from US President Donald Trump. However, the most promising aspect of its ongoing growth trajectory may have nothing to do with cars after all.
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Tesla Eyeing $10 Trillion Business as Stock Bets on Big Turnaround
In early December of last year, Tesla shares had reached an all-time high price. With Elon Musk joining Donald Trump on the campaign trail, a position in the incoming government was all but assured. That pushed the EV company to reach a stock price of $420 for the first time.
Since then, it has certainly not shared the same success. According to CNN data, Tesla has dropped more than 8.55% over the last month. That extends to Monday, where the company kept dropping. Now trading at $360, it was still up 82% over the last six months, showing the highs the company had reached half a year ago.
It could be preparing to once again reach those highs. Indeed, Tesla (TSLA) is preparing to unearth what could be a $10 trillion business, a move that would see its stock price explode. However, the biggest question is, can the company make good on the potential that it itself claims?
Also Read: Tesla (TSLA) Stock Keeps Falling: Are Trump’s Tariffs to Blame?
Tesla has evolved in recent years to be more than an EV manufacturer. Indeed, it has increased its work with AI, despite Musk standing firm against the technology just a year ago. One of its most promising projects is its Optimus robot. A humanoid device, Musk himself notes that the product “has the potential to be north of $10 trillion in revenue.”
That statement is bound to excite some investors. However, there is some skepticism that should naturally arise. Musk had previously stated that Optimus could become a $200 trillion business. Moreover, there is no real way to test his sentiments, as the forecast models are too difficult to explore regarding demand for a product, unlike anything we’ve ever seen.
Optimus has inherent potential, as do most Tesla products. However, that mostly remains unquantifiable. Could it be a $10 trillion business? Most certainly. Yet, that would require a gamble amid what has been ongoing for the company’s stock price so far this year.
