The Traderszone Network

Published in TZ Latest News 11 February, 2015 by The TZ Newswire Staff

Tesla CEO Musk says market value could rival Apple by 2025

Tesla Motors Inc missed fourth-quarter sales targets and analysts’ profit expectations, but Chief Executive Officer Elon Musk on Wednesday said by 2025 Tesla’s growth trajectory could take its market value to $700 billion, matching that of Apple Inc. Investors sent shares down nearly 4 percent in after-hours trade, after Tesla said heavy capital and operating expenses would escalate in 2015. Operating expenses for the year were $1.07 billion and are expected to grow another 45 percent to 50 percent in 2015.