You can argue for weeks about aesthetics and design philosophy Tesla, Both inside and out. But one thing is absolutely real. Led the company Elon Musk It revolutionized the entire automotive industry and accelerated the adoption of electric vehicles.

Ეart Tesla Model SThe beginning of the last decade has shown that It was possible to produce an expensive car that could compete with other brands; Even if it is 100% electric. It was in 2012 when no one could have imagined that this could be achieved.

Ეart Tesla Model 3Has shown that the production of attractive electric vehicles is possible on a large scale; With good value for money, With wide autonomy, good space and interesting for different regions.

This is why it is a common comparison between Tesla and other major companies in the auto industry. “Tesla vs. Volkswagen”, “Tesla vs. Ford”, “Tesla vs. Mercedes” or “Tesla vs. General Motors”. While it’s right to do so, Elon Musk has revealed that the company’s struggle is with a much larger and tougher competitor.

Of course, all readers should be reminded of the following: Tesla is not an automobile company. This is Hardware ი Software. They are not limited to the field of car manufacturing and devote a great deal of resources to other fields. also, The company’s mission is to accelerate the transition to renewable energy. This goal is not limited to fleet electrification.

Therefore, it is not surprising that Tesla’s main competitor for Elon Musk Not another car manufacturer, but the company itself AramkoOne of the largest oil companies in the world, headquartered in Saudi Arabia.

It is also one of the largest companies in the world with a market capitalization. T.They also own 69% of SABIC, One of the leading manufacturers of chemicals, fertilizers, plastics and metals in the world.

For Elon Musk, When Tesla outperforms Aramco in market value, it will be the day when we know the future is good for the earth.Commented as usual TwitterResponds to other customers.

The oil industry is a big competitor to Tesla

On a day when Tesla outperforms Aramco and other oil companies in terms of market capitalization, it will be clear that The market attaches more importance to the creation and use of renewable energy products. This will be the result of a general philosophical change in the world.

Also, given that a large part of the automotive industry is accelerating its efforts to electrify cars, Not exactly a competitor to Tesla.

This is a position that can change in the future, When the whole transport is electric. But now all companies are on the same transformation path.

At the time of this publication, Aramco’s market capitalization is $ 2.4 trillion. but Tesla is worth $ 786,000 million. However it has already reached a billion. There is still a long way to go.

Much of the automotive and electricity industry is moving to renewable energy. Extensive pressure from regulators to set a deadline for its transformation.

So the future in which Tesla has a larger market capitalization than Aramco may not be so far away.

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