Hyperdrive
Apple, Tesla Trigger Wall Street Dreams of $3 Trillion Valuation
- Sales from electric and autonomous vehicles underpin target
- Both shares are lagging the S&P 500 so far this year
This article is for subscribers only.
A growing chorus of Wall Street professionals is predicting that electric and autonomous vehicles sales will propel Apple Inc. and Tesla Inc. to $3 trillion each in market value by 2030.
The blockbuster targets come as shares of both companies -- though two of the most popular in the S&P 500 index -- have slumped this year and are lagging the benchmark’s 4.9% rise. That hasn’t dented the enthusiasm of a handful of analysts and investors betting big on the future of driver-less cars.