Quote:
Originally Posted by Fuzz
We'll see. I suspect this is just what Tesla looks like as competitors move in. I know Musk has a goal of producing 20 million cars a year by 2030, and they may be able to, I'm just not convinced they'll have the demand for it. I know they were looknig at a factory in Canada, but maybe the expansion plans slow down as they shift around global production.
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I think you're kind of right, but it's a weird market. It's hard to wrap your head around but they've lost a lot of market share in EVs, despite gaining a massive increase in market share of all vehicles. There's a lot more Tesla's to be sold, but a lot, lot, lot more EVs to be sold. I can't see 20 million cars per year. No one sells more than Toyota and they do less than 10. I could see another doubling though. They'll do 1.5M this year and probably 2M next year. There's room I think for a fair bit more