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Tesla's Valuation Hits $1.1 Trillion, Surpassing Waymo and Over Half of Google's

Nov 23, 2024, 02:24 PM

Tesla's market valuation currently stands at $1.1 trillion, significantly higher than Waymo's private valuation of $45 billion. Tesla's valuation is also over half of Google's, despite Tesla generating $3.6 billion in free cash flow over the past 12 months compared to Google's $55.6 billion. Some analysts argue that Tesla's high valuation is driven by its narrative focus on future technologies, including Full Self-Driving (FSD), Optimus robots, superchargers, Dojo supercomputers, and robotaxis. In contrast, Google, which has substantial investments in TPUs, a large stake in SpaceX, and Waymo, is perceived by some as undervalued. Despite this, Google continues to grow, while Tesla's growth has stagnated. Additionally, Tesla's cumulative net income since going public is a point of discussion.