Tesla To 20 Million Vehicles By 2030
The company set out a growth rate of at least 50% increase in vehicles produced annually for the foreseeable future. This is something that, if achieved, would put them over 20 million by 2030. Keep in mind the production increase rate was over 80% in 2021.
In this video I discuss how this will not only allow Tesla to dominate the EV market but the money being generated will enable them to keep this process going. Tossing out $1.5B-$2.5B per factory is not a problem when you have $19 billion in quarterly net income. This is a level they could reach by the middle of this decade.
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Here is a question: How does Tesla play into this with the autonomous taxi network?
At that point, it might no longer make sense for us to buy our own cars so will there still need to be a demand for so many cars?
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Summary:
The video focuses on the potential growth of Tesla as a company, with the speaker expressing their belief that Tesla will become the largest company in the world by market cap by the end of the decade. The discussion centers around Tesla's future production targets, potential revenue from a robotaxi network, software profitability, and the impact of self-driving technology on the company's value. The speaker highlights the importance of considering Tesla's expansion beyond just automobile manufacturing and emphasizes the potential for exponential growth once certain milestones are achieved.
Detailed Article:
The video begins with the speaker expressing their renewed focus on Tesla content, stating Tesla is likely the most important company globally and predicting it will become the largest company by market cap with a significant margin in the future. The speaker mentions Tesla's current market cap of around a trillion dollars, comparing it to Apple and Microsoft, which are currently valued higher.
The discussion then delves into Tesla's potential growth trajectory, focusing on their aim to produce 20 million vehicles per year. The speaker addresses skepticism around this goal but highlights Tesla's track record of annual output increases and the possibility of reaching 20 million vehicles by 2030. The speaker emphasizes that such production levels would turn Tesla into a cash-generating company, citing expected net income figures for upcoming quarters.
Furthermore, the speaker discusses Tesla's revenue sources beyond vehicle sales, mentioning the profit potential of a future robotaxi network. By extrapolating potential profits from a fleet of robotaxis, the speaker emphasizes the software aspect of Tesla's business, noting the high profitability of software and the potential for substantial revenue through integrated software systems and full self-driving technology.
The speaker touches on the future value of Tesla's self-driving software and its potential impact on the company's overall worth. They speculate on the price increase of vehicles due to added software features, envisioning a scenario where a vehicle's value could significantly increase due to software enhancements. The speaker also hints at future discussions on humanoid robotics in relation to Tesla.
In conclusion, the speaker reiterates their belief in Tesla's potential to achieve their production targets by 2030 and dominate the EV market while generating significant capital for continued exponential growth. The speaker stresses the importance of considering Tesla's expansion into software, autonomous driving, and other related technologies as key drivers of the company's future success.