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Photographer: Photo illustration by 731. Photos: Bloomberg (9)
Explainer

How Much Is Tesla Really Worth?

Investors are betting CEO Elon Musk can transform the electric vehicle maker into a robotaxi and humanoid robot giant.

There’s a question that’s sparked countless debates among finance professors, analysts and investors, as well as heated arguments on social media: How much is Tesla Inc. worth? While some see the firm’s $1 trillion market capitalization as justified, others contend that valuation is divorced from reality.

Putting a number on Tesla’s worth depends on how you define the company: as a leading electric vehicle maker or a technology business that could one day revolutionize self-driving capabilities and the field of humanoid robots.