Tesla’s The CEO frankly thinks that his company can produce 20 million cars per year in 10 years’ time.
Elon Musk said at the opening of Tesla’s new Gigafactory in Germany, according to a report from Automotive News.
“And that would be a good number because there are 2 billion cars and trucks in the world in use, so 20 million would be 1% of the global fleet each year.”
That’s a lofty goal, as even the mighty Toyota has produced 8,583,985 vehicles by 2021, including the Lexus brand, or more than 10 million when including Hino trucks and Daihatsu small cars.
While the Japanese giant has been hit by COVID-19-related shutdowns and supply shortages, that number still makes it the world’s largest automaker by sales. sell.
Tesla will have a steep climb over the next decade.
In 2021, the company produced a total of 930,422 vehicles, equivalent to many Toyota, Lexus and Daihatsu models produced in December alone.
They forecast vehicle deliveries will increase by more than 50% year-on-year in 2022, which means it will reach more than 1.4 million units this year.
Elon Musk is also known for making optimistic statements that never come to fruition.
For example, in 2016 he talks about releasing a minibus and in 2020 he talks about unveiling a vehicle for “high-passenger density urban traffic” next year and introduce a entry-level EV at some point.
None of these products have surfaced yet, with Musk confirming earlier this year his company is not working on a more affordable Tesla. Model 3.
But Tesla has grown steadily over the years. Initially making cars exclusively at its plant in Fremont, California, it started production at its plant in Shanghai, China in 2019 and at its new plant in Germany this month.
Tesla will also soon have a second factory in the US up and running with production Model Y started at the plant in Austin, Texas this year. It will also produce the Cybertruck, whenever that model exits production hell.
That model would allow Tesla to break into a growing segment, though it wouldn’t have a first-mover advantage.
Instead, the Cybertruck has been beaten to market by the Rivian R1T and GMC Hummer EV, and similar ones like the Ford F-150 Lightning and Chevrolet Silverado EV will likely reach customers before Tesla.
