10 Most Profitable Companies in the World in 2017

Tesla Motors Inc (NASDAQ:TSLA)’s stock, which currently values the company at $30 billion, continues to be the subject of much debate. Proponents believe the electric automaker will change the world, while detractors believe the company’s stock has blown well past a reasonable point that can be justified by anything but rose-colored glasses. As Michael Santoli said today on Yahoo! Finance, the optimism in Tesla Motors Inc (NASDAQ:TSLA)’s stock is like a perfect storm comprised of many factors, the most notable of which is Elon Musk himself. Insidermonkey experts made a list of 10 most profitable companies in the world in 2017.

Tesla Motors Inc (NASDAQ:TSLA) and its investors believe the company will be selling 500,000 units of its three models by 2020, the most important of which will be the upcoming Model 3 sedan, with a price point of $35,000 that will make it far more affordable than the other models (the existing Model S, and the closer Model X SUV). However, there’s no guarantee the Model 3, planned for a 2017 release, will have such an easy time in the electric market as seems to be predicted, given the host of existing competitors building up market share and consumer loyalty ahead of them, including the Chevy Volt and the Nissan Leaf. You can also check our list of 10 most profitable companies in China.

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