How Big Can Tesla Get By 2030?

  How Big Can Tesla Get By 2030? Is Tesla On Track To Become The Top Automaker By The End Of The Decade?   Since the launch of its first Roadster in 2008, Tesla TSLA (NASDAQ) $690,22 +9,46 (+%1,39) has moved on without looking back. It has been a nightmare for maker of car companies.

What will Tesla's growth plans be like?

Tesla, which has 2 factories in Fremont, California and Shanghai, China, produced 499,500 electric vehicles last year. It plans to increase its annual delivery by 50 %. In addition, it is building 2 more factories in Texas and Berlin, one of which is planned to start production at the end of this year and the other after the beginning of next year.

How realistic are Tesla's growth forecasts?

Tesla has realized its growth forecasts so far. Judging by the indicators, it will be able to sell 10 million cars by 2030. It seems possible for now to reach the expected figures. Tesla currently has a production capacity of about 1 million cars. There is a possibility of doubling production with new facilities to be opened.

Is Tesla On Track To Become The Top Automaker By The End Of The Decade?

The biggest problem when Tesla realizes this production is the supply of batteries. That's why it needs to start producing batteries itself, in addition to what it buys from suppliers. In the face of all these challenges, Tesla could be among the top five automakers in the world by 2030.

Electric Vehicles And Autonomous Driving

It is currently the leader in electric vehicles but traditional car manufacturers are also launching electric versions. Tesla is focusing on increasing production, fixing bottlenecks and improving battery range. Against all this competition, Tesla has the potential to become one of the biggest automakers in the next decade.  

Source: The Motley Fool

 

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