The Tesla CEO and professional talking Elon Musk said that self-driving will make Telsa a $500 billion company. Citibank and Goldman Sachs hosted a “broad investor call” with Tesla executives on Thursday, as the company announced that is has plans to raise around $2 billion. The call was well attended and the CFO Xach Kirkhorn reiterated that Tesla aims to deliver 90,000 to 100,000 vehicles in the second quarter, and between 360,00 and 400,000 vehicles in 2019.
It is clear that Mr Musk projects confidence as he tells the public that autonomous driving will transform Tesla into a company with a $500 billion market cap, those close to the call said. The current market cap stand at about $42 billion, and he also said that Teslas will increase value as self-driving capabilities are added via software, and will be worth up to $250,000 within three years.
Kirkhorn told investors that the Q2 numbers and outlook is the same. The company expects to deliver 90,000 to 100,000 vehicles in the second quarter – this impacted company shares as they rose 4% on Thursday. But not that Tesla shares remain down about 25% year to date, with a loss of $702.1 million or $4.10 per share during the first quarter of 2019.
Mr Musk has been in court recently with the SEC and a promise to have a lawyer near him to babysit his twitter account and ensure he does not send rogue tweets.