TESLA

The company will grow more than 10 times by the end of this decade to $10 trillion, according to analysts

Wall Street analysts believe Tesla is facing "unprecedented demand" for its cars that exceeds all previous predictions. They came to this conclusion after a special event held by the company at the “gigafactory” in Berlin. According to Pierre Ferragu of New Street Research, if this continues, Tesla's capitalization will grow more than 10-fold by the end of this decade, to $10 trillion by 2030.

Tesla held a private presentation to financial analysts in Germany last week, according to Electrek. As part of this event, participants toured the newly opened factory in Berlin, learned about production technologies and also learned how many orders this unit processes. Specific details of the presentation were not released, but a few days later, Wall Street analysts began posting enthusiastic comments about the company's activities.

“Tesla is facing unprecedented demand. Everyone I know at Tesla and with whom I've been able to discuss this matter agrees that demand is much higher than we expected a few years ago. Electric vehicles are so popular that for Tesla and its competitors, market share will soon be determined solely by their ability to increase sales,” Ferragu said.

He also added that the factory in Berlin proved to be much more efficient than Tesla's first factory located in Fremont, California. Logistics have been made easier with new docks that surround the factory on all sides and ensure parts are delivered quickly to the carrier. According to Ferragu, the company's production lines are capable of producing a new electric car every 45 seconds, resulting in Tesla producing 10,000 cars a week. Downtime, including weekends, does not exceed 25%.

After visiting the gigafactory, Ferragu raised his target price for Tesla shares to $530, well above the current $275 a share. He attributed his prediction to the company's growth rate and consumer interest. In the long term, the analyst believes, Tesla could grow to a fantastic capitalization of $10 trillion. But for that, Elon Musk must fulfill one of his most ambitious promises - to bring Tesla's production to 20 million electric cars a year.

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