

News
Elon Musk sees Tesla ($TSLA) becoming worth more than Apple ($APPL) and Saudi Aramco combined
Tesla held its third-quarter 2022 earnings call today following the release of its shareholder letter. During the call, Technoking Elon Musk said that he could see the company becoming more valuable than Apple and Saudi Aramco combined.
Elon Musk said that he’d said on another earnings call that he thought it was possible for Tesla to be worth more than Apple. At the time, Apple was worth around $700 billion. Today, Tesla is worth almost $700 billion based on the company’s market capitalization. During today’s call, Elon Musk shared his new opinion on Tesla’s future value.
“Now I’m of the opinion that we can far exceed Apple’s current market cap. I see a path for Tesla to be worth more than Apple and Saudi Aramco combined,” the Technoking said. Combined, the two companies are worth just over $4 trillion.
As of October 2022, Saudi Aramco has a market cap of $2.092 trillion, making it the world’s second most valuable company. Currently, Apple has a market cap of $2.31 trillion and was the first company to hit $3 trillion earlier this year.
These two companies that Tesla could overtake may have very different products but both can be considered competitors of Tesla. Tesla’s mission is to accelerate the transition to sustainability, as Elon Musk said tonight in response to one of our tweets. This translates to putting oil companies such as Saudi Aramco out of business in the long run.
Although Apple isn’t an oil company but a technology company, Tesla isn’t just an automaker nor just an energy company. Tesla is building its own artificial intelligence, robot, and batteries, and could possibly get into the mining business. These products are in addition to its EVs and energy products.
Elon Musk has said many times that he sees Tesla as a dozen or more startups. “Tesla is really a dozen or more startups if you look at all the things created from scratch that aren’t present in other car companies.”
Tesla is really a dozen or more startups if you look at all the things created from scratch that aren’t present in other car companies
— Elon Musk (@elonmusk) April 21, 2022
During today’s earnings call, Elon Musk pointed out that there are companies that only make batteries and do well, yet making batteries is just one of the many things Tesla does. The following is a list of products and services besides EVs that Tesla offers:
- Solar and Powerwall
- Utility-scale battery storage (Megapacks)
- Optimus bot
- Tesla is building the Dojo Supercomputer to train neural networks.
- Full Self-Driving, Autopilot, and artificial intelligence
- Insurance
- Its own charging network that will soon open to non-Tesla EVs in the U.S.
- Batteries
- Tesla makes its own seats for its vehicles and although it’s not selling these, it is saving money by making its own seats in-house.
- Chips
- Services for customers, such as Premium Connectivity
- In 2020, Elon Musk said that Tesla was working on HVAC improvements for vehicles and that the designs developed could potentially apply to HVAC for homes. In June 2022, Elon Musk said that HVAC is on a future product list.
- Lithium & mining–possibly. Elon Musk has said before that he doesn’t want Tesla to get into the mining industry however, in today’s call, he said that Tesla would do whatever it had to do.
Disclosure: Johnna is a $TSLA shareholder and believes in Tesla’s mission.
Your feedback is essential. If you have any comments or concerns or see a typo, you can email me at johnna@teslarati.com. You can also reach me on Twitter at @JohnnaCrider1.
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Elon Musk
xAI’s Grok 3 partners with Oracle Cloud for corporate AI innovation
Elon Musk’s xAI partners with Oracle to deliver Grok 3 to enterprise users via OCI. The move boosts Grok’s reach.

xAI’s Grok 3 is partnering with Oracle Cloud to deliver its advanced AI model to corporate customers.
Oracle announced its collaboration with xAI earlier this week. The partnership leverages Oracle’s robust infrastructure to offer xAI’s Grok 3, positioning it as a transformative tool for business applications.
“Today, we announced xAI has selected Oracle to offer xAI’s Grok models via OCI Generative AI service for a wide range of use cases and will use OCI’s leading AI infrastructure to train and run inferencing for its next-generation Grok models,” said Clay Magouyrk, Executive Vice President at Oracle Cloud Infrastructure, via LinkedIn.
Oracle’s cost-effective AI capabilities will support xAI’s demanding workloads, enabling faster processing for enterprise users.
Oracle’s Karan Batta told Reuters: “Our goal here is to make sure that we can provide a portfolio of models – we don’t have our own.” Oracle will host Grok 3 alongside models from Meta, Mistral, and Cohere, ensuring corporate data remains secure within existing Oracle protections.
Oracle’s strategy focuses on integrating popular AI models into corporate software, and xAI’s Grok 3 enhances this portfolio. The collaboration expands Grok’s reach to businesses seeking secure, high-performance AI solutions for diverse use cases.
Elon Musk’s xAI launched Grok 3 in February. It competes with models from DeepSeek and OpenAI. Grok 3 is free for all X users, but features are limited. X offers Premium and Premium+ subscribers access to Grok 3’s advanced capabilities like DeepResearch and Think modes. Users who are not paid subscribers have access to Grok 3’s basic features.
Elon Musk’s companies have a longstanding relationship with Oracle. In 2018, Tesla appointed Oracle founder Larry Ellison to its board, a move Wedbush analyst Daniel Ives called a “home run appointment.”
In 2023, Ellison–who is no longer on Tesla’s board but still close with Musk–revealed plans for a Tesla Cybertruck police car.
“Our next-generation police car is coming out very soon,” Ellison said at the 2023 Oracle CloudWorld conference in Las Vegas. “It’s my favorite police car. It’s my favorite car, actually. It’s Elon’s favorite car.”
Grok 3’s integration into Oracle Cloud strengthens xAI’s position in the corporate artificial intelligence market. By combining Oracle’s infrastructure with Grok’s cutting-edge capabilities, this collaboration could redefine enterprise AI adoption, driving innovation across industries.
Elon Musk
Tesla Robotaxis are becoming a common sight on Austin’s public roads
Tesla Robotaxi sightings are becoming much more frequent ahead of its launch planned for this month.

Tesla Robotaxis are becoming a common sight on the public roads of Austin, Texas, as yet another test mule has been spotted near the company’s target launch date.
Just over a week ago, the first public sighting of a driverless Tesla Robotaxi was reported. The vehicle was an updated version of the Tesla Model Y, which will be the initial model used in the public deployment of the Robotaxi platform.
Throughout the past week, sightings have been more common, as people in Austin have been looking for the unique decal Tesla is placing on car doors to recognize the driverless vehicles (After all, Robotaxis are not as easy to recognize as driverless vehicles without the LIDAR unit on the roof like Waymo).
Yet another sighting of a Robotaxi was shared on social media today, just two days before CEO Elon Musk’s proposed launch date of June 22:
🚨 Tesla Robotaxis are being spotted all over Austin!
Here’s another spotted within the last hour: https://t.co/79l1RHpL5d pic.twitter.com/bOIlZYgs0U
— TESLARATI (@Teslarati) June 18, 2025
It is easy to tell that there is nobody in the driver’s seat of this vehicle. Tesla is using its white interior on this particular mule, making it incredibly simple to recognize that no human is controlling the car.
Whether Tesla will still meet the June 22nd deadline remains to be seen, but it is no secret that the company is prioritizing safety ahead of offering public rides.
Tesla will initially roll out the Robotaxi platform in Austin, but it has already started the regulatory process in other areas, specifically California.
The National Highway Traffic Safety Administration (NHTSA) is also helping to streamline the process for companies developing driverless vehicles by giving exemptions to automakers. It will make things much more efficient, benefiting Tesla and other car companies that have similar plans.
Tesla Robotaxi just got a big benefit from the U.S. government
Elon Musk
Elon Musk teases Tesla Optimus Gen 3 capabilities: ‘So many improvements’
If you thought Optimus Gen 2 was impressive, Tesla might have a surprise for you.

Elon Musk has teased that huge improvements are coming to Tesla’s Optimus humanoid robot, which is arguably the product that the company is developing with the most potential for everyday use by consumers and valuation increases from a financial perspective.
Optimus is still in the development stages, but Tesla has made great strides in its development over the past several years. It started as a simple idea that was unveiled with a human being in a spandex suit.
Tesla posts Optimus’ most impressive video demonstration yet
Just a few years later, Tesla has developed several humanoid robot prototypes that have made their way to influencers and have lent a helping hand around the company’s manufacturing facilities.
Tesla has already introduced two generations of Optimus, as the most recent release featured a vast number of improvements from the initial version.
The following is a list of things Tesla improved upon with Optimus Gen 2 compared to Gen 1:
- Tesla introduced a weight reduction of roughly 22 pounds, improving efficiency and agility
- Optimus Gen 2 had a walking speed that improved by 30 percent over Gen 1
- Tesla developed more capable hands that had 22 degrees of freedom, double that of Gen 1. This improved object handling
- Optimus Gen 2 had a 2-degree-of-freedom neck, as Gen 1’s was fixed
- Tesla integrated actuators and sensors for better performance. This includes things like foot force/torque sensing, articulated toe sections that are close to human foot geometry for better balance and movement
- Optimus Gen 2 has 28 degrees of overall freedom, improving flexibility from the first generation
- Tesla’s Optimus Gen 2 can do more than Gen 1, and has shown improved motor control and precision, doing things like squats, yoga poses, dancing, and even poaching an egg
These changes essentially brought Tesla closer to what will be the Optimus version that makes it to production. The company has plans to start production for the public in 2026, but some units will be manufactured for internal use within its factories as soon as this year. Tesla has said it could scale to 100,000 units or more by next year.
Musk also revealed to Teslarati recently that the company is in the process of building the production line that will bring manufacturing rates of Optimus to that level.
However, there is another design of Optimus coming, and Musk says it will feature “so many improvements”:
So many improvements to come in the next design of Optimus
— Elon Musk (@elonmusk) June 18, 2025
Tesla has said that Optimus will have the capability to perform tedious and time-consuming tasks like folding laundry, babysitting, cooking, walking the dog, and plenty of other things. However, it will be super impressive to see it do things that require true coordination, like threading a needle, for example.
Musk did not hint toward any specific developments that Tesla will aim for with Optimus Gen 3, but the sky is the limit, especially as it will be performing some manufacturing tasks across its factories.
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