How Tesla Will Surpass Apple And Become The 'Most Valuable Company Ever Created'

Apple Inc. AAPL has a market cap of $749 billion, far outpacing most companies in the tech space. Google Inc GOOG, for example, has a market cap of $368 billion. Microsoft Corporation MSFT is at $395 billion.

Tesla Motors Inc TSLA, the automaker investors can't stop talking about, is worth $29 billion. That's a far cry from Apple's worth, but Global Equities Research analyst Trip Chowdhry thinks that could change if Tesla is able to fulfill its vision.

"If Tesla executes well, I will not be surprised [if] in this century, Tesla will come to be the most valuable company ever created -- even more valuable than Apple," Chowdhry told Benzinga. "Because they are tackling huge, huge, big, big, problems very boldly."

Chowdhry said that not every Tom, Dick and Harry can spend $5 billion to build a Gigafactory. Most entrepreneurs are only capable of building an app out a garage.

"I think the worst for Tesla is over," he added. "I think the trend of the conference call could be upbeat. I think they [can] now reach 1,200 cars a week, which is good. [It] tells me they will maintain their guidance, which is very positive."

This is important because Chowdhry said the consensus is that production will fall short of expectations. He believes Tesla co-founder Elon Musk will maintain the estimate of 55,000 automobiles in 2015, but he expects the firm to produce 60,000 to 62,000 units.

Related Link: 5 New Tesla Products Coming In The Next 5 Years

'Multi-Product Company'

"I think if you look at Tesla, it is a multi-product company," said Chowdhry. "It's a technology company. There are three aspects: one is automobiles. That's one business unit. The second business unit is batteries for residents, commercial and utility."

Tesla's third unit has yet to be announced, but Chowdhry expects the company to sell its own supply chain management software to other businesses.

"Each one of [these business units] is important because it expands [Tesla's] market," Chowdhry added. "Each one of those units will have its own customer adoption rates. The stationary battery itself is a $200 billion market! If they execute well, the results will be huge."

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.