Currently, the largest companies in the world are as follows: Apple, Nvidia, Microsoft, Alphabet, Amazon, Saudi Aramco, Meta, and finally, Tesla. Most notably, Apple—a tech company that has produced millions of devices, one of which you are probably using right now to read this article—took the 21st century with its revolutionary innovation: the iPhone. With the exception of a mere six months in 2024, it has reigned over the tech world for over a decade and created a demand for their products at a scale that we hadn’t seen before.
However, out of those eight powerhouses, only one is developing renewable and innovative new products: Tesla – an American car company that produces electric vehicles as well as other products globally. As our world shifts towards sustainability, clean energy, and artificial intelligence (AI), Tesla’s focus on electric vehicles and groundbreaking technologies positions it for massive growth. With demand for renewability, AI advancements, and many more key factors, Tesla is on track to be the next big company to crack the multi trillion dollar market cap.
Since Tesla’s been in the game, they’ve dominated the competition. In its short life span of only twenty-some years, it has become not only the biggest American car company, but the biggest car company in the world. Tesla currently accounts for 55% of all electric vehicles in the United States and 11.4% in Europe. While one could argue that those percentages have decreased over the years and will keep decreasing due to market saturation, those predictions just show rising competition which is a positive sign of market growth. We saw this same trend with Apple throughout the 2010’s with market saturation and growing competitors like Samsung and other Chinese companies. Did Apple’s value start trending south? No, because the success of big companies relies on product quality over quantity. Even though Apple’s competitors were selling their phones for hundreds of dollars cheaper, Apple’s interface and software was superior, giving them the edge over their competitors.
We see the same strategy with Tesla: while its Chinese competitors can sell their EVs (electric vehicles) for a few thousand cheaper, people come to Tesla because of the quality and consistency of their vehicles. In fact, Tesla scored a satisfaction rating of 96, higher than any other car manufacturing company, and nearly 92% of Tesla owners stated they would buy another Tesla vehicle in the future. Personally, my parents own a Tesla and being able to drive it from time to time is such a privilege. You would think it’s a sports car the way it accelerates down Amberson when I’m late to school. And its advanced software and features makes the car feel like it costs 300k, rather than 30K. With just a few drives, the car has completely blown my expectations out of the park, and my experience with it has made me want to buy one of my own in the future.
With Tesla’s already significant share in Europe’s EV market of 11.4%, their overseas sales are likely to grow even further with the EU’s climate change pact. Given the aim of reducing 50% of carbon emissions for cars, Europe’s EV market is expected to grow from 20% in 2022 to 60% by 2030. With government backed sanctions and laws, Tesla is looking to take the future with the growing demand around the world for their products.
However it’s not just the success and the success Tesla will have with their past products, another key reason I believe Tesla will expand greatly over the next couple decades is because of their future products, specifically: the Optimus robot. Giving off I, Robot vibes and scaring the world of a robot apocalypse, the Optimus robot has drawn a lot of attention and with that inaccurate skepticism about its capabilities. With many people believing that the robots are still a major work in progress and not actually close to being able to be fully autonomous. However this has been a common theme throughout Tesla’s existence. Again and again and again Tesla’s products have been doubted and heavily criticized. To name one, when the Tesla Cybertruck was announced it immediately received immense criticism and doubts if it would ever actually sell. One critic, David Ferris, even said that “the Cybertruck is an ugly and useless toy made by a narcissist for a bunch of fools.”
However, after being released for less than a year, the Cybertruck has already turned a profit and looks to have a very strong future. Tesla’s futuristic and ambitious products naturally draw skepticism but just because a product is overly ambitious doesn’t mean we should count it out, especially with Tesla’s history. Even Jensen Huang, the executive and ceo of Nvidia, one of Tesla’s competitors, has defended the Optimus robot against its criticism stating, “that’s a huge advancement… not something that should be downplayed.” With the capabilities of almost anything, the Optimus robot’s function is limitless. It can walk your dog, make your bed, clean the dishes, cook dinner, water the plants, sweep the floor, serve you drinks — it’s purpose is boundless. Similar to Apple’s iPhone, as our society continues to shift towards developing and using artificial intelligence, the Optimus robot is looking to explode in a market that’s been practically untouched and revolutionize human life. With zero competition combined with its versatile functions, Tesla isn’t just driving into the future–they’re building it.
The direction which Tesla is taking is nothing short of revolutionary. With already-established dominance in the growing global EV market and futuristic innovations, the company has shown how it can thrive in uncharted industries. Just like Apple years ago, Tesla is poised to reshape our future, not just by meeting demand, but by creating it.
