The chief executive of Tesla Motors, Elon Musk, says he believes the synergies to be gained by combining solar power, electric vehicles and storage could enable the company to reach a valuation of $1trn.
Elon Musk of Tesla
According to the FT Wall Street is yet sceptical of Musk’s claim after a proposed acquisition of SolarCity.

“I have no doubt about this — zero,” Musk, a major shareholder of both companies, said on a conference call with analyst before markets opened on Wednesday. “We should have done it sooner.”

“As a combined automotive and power storage and power generation company, the potential is there for Tesla to be a trillion-dollar market cap company,” he added.

The ambitious sustainable energy conglomerate is currently well away from that target with combined value of the two companies now about $27bn.

Designing and making solar panels and storage systems together has technology advantages, according to Mr Musk. The Apple approach provides another argument for Mr Musk’s conglomerate. Tesla’s retail stores could become showcases for the sustainable energy lifestyle.