Robot software will make Tesla worth as much as Apple, according to Elon Musk. The Tesla CEO said the company would achieve its $700 billion (£543 billion) valuation in 10 years by developing sophisticated robot technology. Musk said his company's success in the coming decade would'heavily involve Tesla going at the machine that builds the machine'. Musk said his company's success in the coming decade would'heavily involve Tesla going at the machine that builds the machine'. Musk is referring to automated manufacturing technologies that will produce the Tesla 3 model. The company will be rolling out three more production lines including one in the New United Motor Manufacturing, Inc (NUMMI) factory in Fremont in California is projected to build 100,000 more cars every year.

In three different facilities spread across America, Tesla's TSLA, -4.93% robot-manufacturing prowess is about to show its worth. If Musk -- who, to his credit, is building rockets that can land already -- can accomplish his accelerated ambitions for automated manufacturing, Tesla would at least own a piece of the pipeline over Apple AAPL, -0.47%.