Elon Musk wants Tesla to be the biggest car company ever by 2030. Experts say there's no way. | Business Insider

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Elon Musk wants Tesla to sell 20 million electric cars in 2030. Last year it sold 1.3 million.

Another lofty goal that the billionaire entrepreneur has kicked around:

Let's put that aspiration into perspective with some data. Consider that today's top-selling automakers — Toyota and Volkswagen — each ship 10 million units annually, give or take. Last year, Tesla, making it the leader in electric-vehicle sales. In 2030, around 100 million new cars will change hands around the world.

"If Tesla owns 20% of the global market by 2030, that would likely mean two or three of the top 10 global manufacturers would go out of business or be reduced to ashes," Schuster said."It would turn the entire industry on its head, and I don't foresee that happening." . [Its emphasis on sleek software, ultra-loyal fanbase, and tightly controlled ecosystem certainly feels more Apple than Toyota.], Sam Fiorani, an analyst at AutoForecast Solutions, said. Unlike the smartphone world circa 2007, the automotive market is mature and packed with experienced competitors. By successfully landing EVs on the map, Tesla prodded the entire auto industry to sink billions into electrification, and those investments are already paying off.

 

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