Thursday, December 15, 2016

A closer look into tech and energy giant Tesla's future

2016 was filled with news about Tesla. The tech and energy giant made waves when it first introduced the world’s first electrical car. The reveal was overshadowed by Elon Musk’s announcement for cleaner energy technologies. It seems that there is no stopping the company from changing the way society operates.

Elon Musk is one of the richest people in the world, with an estimated net worth of US $12.4 billion. Eccentric CEO Musk however places little focus on how much he is worth and more on how he can shape the future. That discussion turns to his forecasts for Tesla’s future.

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Tesla Solar: While not really a new topic, Musk is emphasizing the importance of solar energy. He believes that in the next few years, more homes will be utilizing this energy source. Moreover, calculations have made it possible for solar panels to look more elegant and sleek.

Tesla Semi: Supply chain logistics are dependent on transportation. Tesla envisions a future that uses freight trucks run on electricity. This will significantly reduce the cost of transporting cargo.

Self-driving buses: This is Tesla’s answer for urban public transportation. Although the company has given no indication of when these commercial vehicles will be made ready, the thought of traveling around a city in an unmanned craft is simply intriguing.

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It is clear that Tesla is still pushing itself in high-gear to improve society. Financial analysts recognize that the company’s growth – and consequently its overall net worth - will continue to increase as more people see the advantages of Tesla’s technology.

Steve Sorensen looks into the networth of different companies and individuals to aid his financial research and analyses. Learn more when you follow this blog.

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