Musk Predicts Space Industries Will Surpass Earth's Value
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Source: Benzinga
- Space Industry Potential: Musk predicts that the value of space industries will vastly exceed that of Earth, arguing that even harnessing 100,000 times more solar energy would only represent a fraction of the Sun's total energy, highlighting the immense potential of space resources.
- SpaceX Valuation Outlook: Musk has previously suggested that SpaceX could reach a total valuation of $100 trillion, with plans to build factories on the lunar surface and orbital data centers, indicating the company's ambitious vision for the space economy.
- Market Reaction: Noted short-seller James Chanos sarcastically responded to Musk's comments, pointing out that the total addressable market for space companies is defined as infinite, reflecting skepticism towards Musk's statements and differing market perspectives.
- Solar Energy Advocacy: Musk has consistently championed solar energy as superior to nuclear power, emphasizing the importance of renewable energy in the future economy, which further drives interest in the space industry.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLA is 401.93 USD with a low forecast of 25.28 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 416.560
Low
25.28
Averages
401.93
High
600.00
Current: 416.560
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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