Tesla is still holding $218 million in bitcoin. CEO Elon Musk expects the company to be worth more than Apple and Saudi Aramco combined. $BTC crypto
Tesla’s revenue rose to $21.5 billion, compared with analysts’ projections of $22.1 billion. Profit excluding some items rose to $1.05 a share, exceeding the $1.01 average of estimates compiled by Bloomberg.
During the company’s Q3 earnings call, Musk said Tesla could be worth more than the combined value of Apple and Saudi Arabian Oil Company in the future. The two are currently the world’s largest companies by market cap. “For the first time I see a way for Tesla to be roughly twice the value of Saudi Aramco,” Musk said, elaborating:At the time of writing, Saudi Aramco’s market cap is $2.09 trillion while Apple’s market cap sits at $2.31 trillion. Tesla’s market cap is $695.76 billion.
North America’s in pretty good health, although the Fed is raising interest rates more than they should, but I think they’ll eventually realize that and bring them down again.
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