) and what CEO Elon Musk's pay package — valued at around $46 billion in the company's current stock price — is indicating about the future growth of the EV maker. Wedbush Securities Managing Director & Senior Equity Analystdetails his latest forecast stipulating Tesla's market cap could be over $1 trillion in 2025.
Moving to the downside after the S and P 500 NASDAQ and NASDAQ 100 closed at record highs on Thursday session. The maker closed Thursday session with a $3.285 trillion market cap over taking Microsoft by just a hair $4 billion.Apple been in the red for a lot of this year but recently broke out after unveiling its A I strategy and its worldwide developers conference.
But I think the big picture stuff here is that this overhang of his compensation issue is now supposed uh is gone for now it's gonna be sold legally, sort of has to be worked through and what the appeals process. He thinks that he said last night, he thought he thinks that there'll be a robot for every person on earth.
And then compare that maybe to the longer term picture and some of these uh longer term believers when it comes to Tesla.Well, New York City cab driver is expecting a bad June quarter.That's the last tough quarter, tough comp as then we turn the corner demand stabilizing in China and then August 8th, I think it's gonna be historical day Robotaxis autonomy.
Well, it's gonna be A I driven and, and I think that's something that it all goes into this A I revolution.You're seeing 1/4 industrial revolution play out here. Some of the concerns surrounding Elon Musk over the last couple of years has been that he's been distracted. Now, Apple adding 324 billion in market cap over the last three trading sessions according to the latest ad out from Dow Jones, a market daddy here.
And I think that also just explains what is going on in the market here over the last several months. It's coming on the back of this company finally saying what it's going to do with generative A I and the optimism of investment that it could show up in some of the consumer technology devices. And so with that in mind, John, not talking specific names, but talking perhaps themes more broadly that we've seen prevail in the markets.
That said, uh, any catalyst that the Bears can find to, uh, uh, to sell and take profits without FOMO, uh, they'll do it.If you think of that company you were just talking about, that's now the largest, uh in market capitalization, uh uh on the S and P 500. So it would appear imminent that we'll have to consider whether we're going to raise our target for year end uh or not, uh probably over the course of the next few days or next few weeks depending upon how the market uh uh is treated uh by investors and traders and John as we wrap up this week, it's been heavy on the econ data from.
It is signaling, you know, it looks like one cut this year, we came into this year thinking when the fed was saying it was going to go three, we said, well, perhaps two times.And even more, as I recall, we thought the economy was falling apart.Uh but we expected late in the second half and the November to December where everybody's looking at these days looks good to us and we think the Fed will do it, not because it feels the economy is falling into recession or it finds its in recession.
This comes after president, the French president Emmanuel Macron's call earlier this week for a snap election here with more.Uh But we do have some international developments on this Friday morning.Um And as you said, the worst week since uh was it February 2022?So let me show you the year to date where the C 40 has just now fallen back to the uh negative territory.And I think it's just a good reminder that we do have an election year for a lot of countries, including the US.
All right, we got the opening bell on Wall Street and in midtown Manhattan at the NASDAQ, we've got Tempus ringing the opening bell there and at the NYSC. And let's remember, this was a huge week of news with CP I and the Fed meeting and let me just show you another chart.That's uh up, only 13 basis points might even be in the red there.
Rh reported a wider than expected first quarter loss and forecasted second quarter sales that were below estimates here.I think investors are also trying to wrap their heads around the strategy position right now too.They're trying to build the world's first are facing architecture, interior design and landscape architecture services platform inside of their galleries as well.So beyond home furnishings, they're looking at and eyeing up this $1.