In October last year, its value exceeded $1 trillion, and today it is worth $695 billion Tesla is still one of the most valuable auto companies. While Tesla’s future value cannot be predicted due to Elon Musk’s unpredictability, an important statement came out today from Musk.

Tesla founder Elon Musk spoke on the conference call after the company released its third-quarter report. Might be worth more than Apple shared. However, he also spoke about the company’s upcoming plan.

Tesla begins to buy back its shares:

Elon Musk said the company’s management is discussing the share repurchase program and When buying back $5 to $10 billion worth of stock announced that he had reached an agreement. Musk stated that the buyback will continue after that, also sharing that the plan has not been fully clarified.

On the other hand, Musk shared his new goals about Tesla’s value as follows:

“Now I think we can far exceed Apple’s current market cap. Teslas More valuable than Apple and Saudi Aramco combined in front of I see a way.”

Apple is worth $2.3 trillion today while Saudi Aramco is worth $2 trillion. So, according to Elon Musk’s statement, Tesla’s value is, In fact, it could be over $4.3 trillion. Of course, we’ll see how much response this bold statement will get, but by waiting.