Elon Musk: Tesla targets 20 million electric vehicles a year by 2030 - Business Insider

CEO Elon Musk said Tesla expected to produce 20 million electric vehicles per year before 2030.Musk also said he expected the electric vehicle market to produce more than 30 million vehicles annually by 2027.Tesla will "probably" produce 20 million electric vehicles a year before 2030, its CEO Elon Musk said on Twitter early Monday morning.The figure is more than 50 times the 365,000 vehicles it made in 2019. It sold 367,500 vehicles – 50% more than the previous year.

Musk said he expected the electric vehicle market to produce more than 30 million new vehicles annually within the next seven years. He added that reaching this within five years was "possible, but unlikely."saying the electric vehicle company could post a record quarter for the three months to September if staff rallied.

Consumers cut back spending on cars during the pandemic, and Tesla's sales in the first half of 2020 dropped 15% from the second half of 2019. For Tesla to set a new record for the quarter, its sales would need to increase by more than 20,000 from the previous quarter.

As of 2020 Q2, Tesla's cash assets alone were not sufficient to cover the short-term liabilities that come due within a year. What does that mean for investors? Read more at

Worldwide auto sales is ~70 million, say 100m by 2030. Toyota sells ~17% of new cars or ~10.75m. EVs may not exceed ~30% of new car sales by 2030. Tesla currently controls ~57% of new EV sales, but this may reduce down to 30% by 2030s. The best case looks like ~10m vehicles IMO.

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That’s a lot of Mining

bullshit they will

Teslas for everyone who survives this decade! FOH elon

Doubt it

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This dude is just talking out of his.... pumping up the stock. Show actions speak less

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