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Caleb Naysmith

Elon Musk Predicted Tesla’s Stock Will “Be Worth More Than Apple and Saudi Aramco Combined”—Is It Still Possible?

Tesla Inc. Elon Musk Apple Saudi Aramco

Tesla (TSLA) CEO Elon Musk is known for his bold proclamations, ambitious goals, and ability to generate some of the most innovative technologies on the planet into existence seemingly through sheer will. With this comes, frankly, a lot of missed predictions, however. 

In October 2022, Elon Musk made one such bold proclamation during Tesla’s earnings call: “I see a potential path for Tesla to be worth more than Apple and Saudi Aramco combined.” At the time, this assertion raised eyebrows across the financial world, and likely still does today. At the time, Tesla’s stock was coming off a rally and dropping fast. Fast forward to May 2025, and while Tesla has made significant strides, it’s still hard to see a path forward for this goal. But is it even in the realm of possibility? 

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