<div id="readability-page-1" class="page"><div><div>Tesla Inc. TSLA CEO Elon Musk thinks a $20 trillion valuation for the EV giant is possible amid dwindling sales across multiple markets.Check out the current price of TSLA stock here.What Happened: Quoting a post on social media platform X on Friday, which shared investor Keith Fitz-Gerald's $20 trillion valuation prediction for the EV giant.&#34;Extreme execution is needed, but a valuation of $20 trillion for Tesla is possible,&#34; Musk said in his post.Why It Matters: While Musk doubles down on Tesla optimism, experts like Wedbush Securities' analyst Dan Ives maintain bullish views on the company, with Ives also maintaining a $500 price target for Tesla.Despite this, many have slammed the company for a disappointing earnings call for the second quarter, with revenue down 12% to $22.5 billion and sales dwindling in multiple markets, including the U.S. and Europe.Future Fund LLC's Gary Black called the earnings call a disaster and criticized Tesla for the upcoming affordable vehicle in the lineup being a scaled-down version of the Model Y.Tesla offers Satisfactory Momentum and Quality, while scoring well on the Growth metric, but offering poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!Check out more of Benzinga's Future Of Mobility coverage by following this link.<ul> <li>Elon Musk Aims To Deploy Robotaxis To Serve Half The US Population By The End Of 2025, Targets Million Optimus Units Annually ‘As Fast As It’s Humanly Possible’</li> </ul>Image via Shutterstock</div></div></div>

TSLA

TSDD

TSLL

TSLQ

09366

07766

07366

TSLR

Tesla CEO Elon Musk believes a $20 trillion valuation is achievable despite recent declines in sales and revenue. Musk referenced a prediction from investor Keith Fitz-Gerald, emphasizing the need for 'extreme execution.' While analysts like Dan Ives remain optimistic with a $500 price target, the company faced criticism for a disappointing second-quarter earnings report, showing a 12% revenue drop to $22.5 billion. Concerns were raised about Tesla's upcoming affordable vehicle being a scaled-down version of the Model Y.

- Tesla CEO Elon Musk believes a $20 trillion valuation is achievable despite declining sales in various markets.  
- Musk referenced investor Keith Fitz-Gerald's prediction and emphasized the need for "extreme execution" to reach this target.  
- While some analysts remain optimistic, Tesla's recent earnings report showed a 12% revenue drop, leading to criticism regarding its future vehicle offerings.

Benzinga

Tesla

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

XI2CSOPTSLA

GraniteShares 2x Long TSLA Daily ETF

Elon Musk Says $20 Trillion Valuation Possible For Tesla Even As Second Quarter Earnings Show Sales, Revenue Decline: 'Extreme Execution Is Needed'