Elon Musk has once again reassured Tesla investors that holding onto their shares will bring hefty rewards in the future. In a recent interview released by the company on its social media accounts, Musk expressed his confidence in the long-term value of Tesla stock.
As one of the most successful CEOs of our time, Musk has seen tremendous growth in his personal net worth, thanks to the success of his various companies. Tesla investors who have held onto their shares for several years have also seen significant gains in their portfolios. Over the past five years, the stock has surged by over 78%, and since February 2019, it has skyrocketed by more than 1,800%.
In the interview, Musk advised, “Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet.” His unwavering bullishness on Tesla is no secret, given the company’s ambitious projects that have the potential to revolutionize multiple industries. Projects like Optimus, Cybercab, Semi, and Unsupervised FSD are expected to be major drivers of growth for Tesla on Wall Street.
Optimus, Tesla’s humanoid robot, is envisioned to have a wide range of applications, from childcare to assisting the elderly, making it a key contributor to the company’s long-term value. Cybercab, Tesla’s autonomous ride-hailing vehicle, is designed to cater specifically to the company’s ride-sharing ambitions. The Semi, Tesla’s electric truck, is set to make a mark in the commercial logistics sector, with plans for expansion into Europe. Additionally, Unsupervised FSD, Tesla’s Full Self-Driving software, aims to achieve full autonomy without human supervision, transforming every Tesla vehicle into a fully autonomous one.
These projects represent some of the most ambitious undertakings by Tesla, with Musk boldly claiming that Optimus will become the best-selling product of all time. Analysts like Cathie Wood of ARK Invest share Musk’s optimism, predicting a $2,600 price target for Tesla by 2030, excluding the potential impact of Optimus. Wood believes that if Tesla can scale these projects faster than expected, it could further bolster the company’s growth trajectory.
Overall, Tesla’s future looks promising, with a lineup of groundbreaking projects that have the potential to propel the company to new heights on Wall Street. Investors who heed Musk’s advice and hold onto their Tesla shares could stand to reap substantial rewards in the years to come.