<div id="readability-page-1">Tesla (TSLA 2.41%) stock has tumbled 30% year to date due to dismal financial results and market share losses. The company's performance ranks among the worst in the S&amp;P 500 (SNPINDEX: ^GSPC), but CEO Elon Musk has repeatedly made the same bold claim. <ul> <li>&#34;I see a path for Tesla being the most valuable company in the world by far. There is a path where Tesla is worth more than the next top five companies combined,&#34; Musk told analysts on the fourth-quarter 2024 earnings call.</li> <li>&#34;I think Tesla will be the most valuable company in the world by far. It may be as valuable as the next five companies combined,&#34; Musk told analysts on the Q1 2025 earnings call.</li> </ul> The five largest companies -- Apple, Microsoft, Nvidia, Amazon, and Alphabet -- were worth nearly $15 trillion when Musk first said Tesla could surpass their combined market values. The implied 17-fold return from its current market value of $879 billion means $50,000 invested in Tesla stock today could be worth $850,000 in the future. That alone would not make you a millionaire, but the potential upside is still compelling. Here's what investors should know. <h2>Tesla reported dismal financial results, but Elon Musk shared some good news</h2> Earlier this month, Tesla said first-quarter vehicle deliveries declined 13% to 336,681, the lowest total in three years. That led to disastrous first-quarter financial results that missed estimates on the top and bottom lines. Revenue fell 9% to $19.3 billion, operating margin contracted to a six-year low, and non-GAAP (non-generally accepted accounting principles) net income plunged 40% to $0.27 per share. Tesla also withheld guidance due to uncertainty created by shifting U.S. trade policies, but investors did get some good news on the quarterly earnings call. CEO Elon Musk reiterated plans to launch an autonomous ride-sharing (robotaxi) service in Austin by June and said Tesla would have thousands of autonomous robots working in its factories this year. Those updates are particularly important because Musk says his confidence that Tesla can become the most valuable company is &#34;overwhelmingly due to autonomous vehicles and autonomous humanoid robots.&#34; <div><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTY5ODQvZ3Jvd3RoLTIzLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="425" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTY5ODQvZ3Jvd3RoLTIzLmpwZyZ3PTcwMA"/>Image source: Getty Images. </div> <h2>Autonomous ride-sharing (robotaxi) services are a massive opportunity for Tesla</h2> Alphabet's Waymo is currently the market leader in autonomous ride-sharing. Its robotaxis provide more than 250,000 rides weekly across several major U.S. cities, and the company is expanding to new metropolitan areas at a steady clip: Atlanta, Miami, and Washington, D.C., are next. But Tesla could catch up quickly due to two advantages. First, Tesla has more camera-equipped vehicles on the road collecting video, which means it has more training data to inform the artificial intelligence (AI) models that power its full self-driving (FSD) software. And second, Waymo uses an expensive combination of cameras, radar, and lidar to power its robotaxis, whereas Tesla relies solely on computer vision. That strategy is not only less costly -- Waymo spends $100,000 on equipment alone for its cars, while Tesla can build Cybercabs for less than $30,000 -- but also more scalable. Lidar requires high-definition maps, so Waymo must map streets in meticulous detail before its robotaxis can function. Comparatively, Tesla should be able to launch autonomous ride-sharing without maps almost anywhere once FSD is perfected. Musk thinks Tesla will capture 99% market share in autonomous ride-sharing. &#34;I don't see anyone being able to compete with Tesla at present,&#34; he told analysts on the most recent earnings call. Musk expects robotaxis to &#34;move the financial needle in a significant way&#34; for Tesla by the middle of next year. Adam Jonas at Morgan Stanley estimates Tesla will have 900,000 robotaxis on the road in 2035 and that each will earn about $93,800 in revenue. That implies total revenue exceeding $84 billion. Jonas expects $17 billion will hit the bottom line and thinks that figure could surpass $120 billion by 2040. <h2>Tesla stock trades at an absurdly expensive valuation -- or does it?</h2> Wall Street estimates Tesla's adjusted earnings will increase by 15% annually through 2026. That consensus makes the current valuation of 130 times adjusted earnings look absurdly expensive, especially since Tesla missed the consensus estimate by an average of 7% in the last four quarters, according to LSEG. However, autonomous driving and humanoid robots represent massive opportunities. For instance, Morgan Stanley says Tesla's revenue could increase at 20% annually for the next 20 years if it executes on those opportunities. This implies faster earnings growth because robotaxis and robots would come with higher margins than electric cars. In that scenario, the current valuation may look quite reasonable in hindsight. In summary, this is a tricky stock. Investors who lack conviction in Musk's vision should avoid it. There are plenty of other stocks worth owning. But investors who think Tesla can disrupt the global mobility and labor markets (with autonomous cars and robots) should absolutely own a position. </div>

Nvidia will release its first quarter report for fiscal year 2026 ending April 27, 2025. 

According to analysts surveyed by FactSet, Nvidia's first-quarter revenue is expected to increase 66% year-on-year to $43.3 billion; adjusted earnings per share will increase 44% year-on-year to $0.88. The growth rate of revenue and profits has slowed significantly compared with the same period last year. In the same period last year, Nvidia's revenue increased by 262% year-on-year, and its adjusted earnings per share increased by 461% year-on-year.

Nvidia will release its first quarter report for fiscal year 2026 ending April 27, 2025. According to analysts surveyed by FactSet, Nvidia's first-quarter revenue is expected to increase 66% year-on-year to $43.3 billion; adjusted earnings per share will increase 44% year-on-year to $0.88. The growth rate of revenue and profits has slowed significantly compared with the same period last year. In the same period last year, Nvidia's revenue increased by 262% year-on-year, and its adjusted earnings per share increased by 461% year-on-year.

NVIDIA Financial Results for Q4 Fiscal 2025

TSLA

Tesla's stock has dropped 30% this year, with disappointing financial results. CEO Elon Musk remains optimistic, claiming Tesla could become the most valuable company globally, potentially surpassing the combined value of the top five companies. Despite a decline in vehicle deliveries and revenue, Musk highlighted plans for an autonomous ride-sharing service and the use of robots in factories. Analysts predict significant revenue growth from these ventures, but the stock's high valuation raises concerns. Investors should weigh Musk's vision against the current market realities before investing.

- Tesla's stock has dropped 30% year to date due to poor financial results and market share losses, with CEO Elon Musk claiming a path to becoming the most valuable company globally.  
- Despite a 13% decline in vehicle deliveries and disappointing financials, Musk announced plans for an autonomous ride-sharing service and emphasized the potential of autonomous vehicles and humanoid robots.  
- Analysts predict significant revenue growth from these ventures, suggesting that Tesla's current high valuation could be justified if it successfully executes its ambitious plans.

Can $50,000 Invested in Tesla Stock Make You a Millionaire? Elon Musk's Answer May Shock You.