2024-09-13 12:50:00 +0300

Prediction: 3 Growth Stocks That Could Be Worth $1 Trillion by 2030

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The Motley Fool
By Newsfeedback@Fool Com (Anthony Di Pizio)

In the hit movie The Social Network, which recounts the founding story of Meta Platforms' (META -0.11%) Facebook, a key character tells a young Mark Zuckerberg that his company is headed for a billion-dollar valuation. Suddenly, earning a million dollars feels like a stale achievement for the start-up.

Back in 2004 (when the movie is set), that was a wild thought -- especially since the tech bubble had burst just a few years earlier. But a lot has changed since then and now there are four U.S. companies with market valuations exceeding $1 trillion, and a few more with clear potential to join them.

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Let's take a closer look at three stocks with real potential to be trillion-dollar companies by 2030, delivering strong gains for investors along the way (spoiler alert: Zuckerberg's Meta Platforms is one of them).

1. Tesla: Building electric vehicles and reshaping mobility

Tesla (TSLA 1.58%) is no stranger to the $1 trillion valuation. The electric vehicle powerhouse temporarily crossed the threshold more than once in the second half of 2021, though the broader sell-off in the technology sector since then helped pull its stock back down into the billions. The company is currently valued at around $952 billion.

Tesla as a company amassed incredible momentum as a manufacturer of electric vehicles (EVs). It's a global leader in EVs and recently doubled its production capacity to 2 million cars annually as new factories in Austin and Berlin came online. 2022 is a transition year as those facilities ramp up, but analysts predict they could drive Tesla's annual revenue to $120.6 billion in 2023, more than double the $53.8 billion it generated in 2021.

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