Will Tesla’s Net Worth Rise After This Month’s Robotaxi Event?

In 2003, J effrey B. Straubel, Elon Reeve Musk, Martin Eberhard and Marc Tarpenning founded Tesla – a company focused on the design, develop ment, manufacturing and sale of fully electric vehicles, energy generation and storage systems. In 2024, the automotive brand reported 140,473 employees and was ranked No. 58 on Forbes ‘ Global 2000 list, plus No. 68 on the outlet’s ranking of America’s Best Employers for Tech Workers. While Musk in particular has faced criticism for his leadership style in the past, Tesla’s net worth hasn’t taken the same hit as his other companies, such as Twitter/X ; recent estimates claim the South African’s stake in the latter is worth nearly 70% less than what he paid for it two years ago.

As of Oct. 3, the price of a Tesla share is $243.81 according to Forbes. This is down 2.09%, or $5.21 and is a result of the company’s third-quarter deliveries missing expectations. 462,890 EVs were delivered in the three months before Sept. 30, while Wall Street expected a number closer to 463,897. Still, even with this dip, Tesla is still “ Up 6.4% quarter over quarter to mark the first quarter of delivery growth this year,” Yahoo! Finance reports. This time last year they delivered 435,059 EVs.

What Is Tesla’s Net Worth In 2024?

Prior to the latest numbers going public, Tesla soak soared by almost 20% ahead of the highly anticipated Robotaxi event and positive sales news for the company out of China. They’ve faced tough competition from automakers like BYD and Xpeng in the Asian country, but are starting to see a breakthrough. As for the Robotaxi, that’s set to be unveiled on Oct. 10 – some believe Musk is “staking Tesla’s very future” on the big reveal.

“ Autonomous driving is very strictly regulated. If Tesla were even years away from achieving it, there would need to be license applications publicly viewable,” one Reddit user pointed out. From what we know so far, the company’s 2024 revenue is a reported $94.7B with $109.2B in assets and $13.7B in profits. Third-quarter earnings are due out on Oct. 23, you can expect updated projections on Tesla’s net worth then!

The post Will Tesla’s Net Worth Rise After This Month’s Robotaxi Event? appeared first on AfroTech .

The post Will Tesla’s Net Worth Rise After This Month’s Robotaxi Event? appeared first on AfroTech .