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Usually, the headlines for Tesla’s annual meeting of shareholders come from the company’s CEO, Elon Musk. And there were a few key takeaways that we’ll cover in a moment. Having said that, what struck me was an early statement when Tesla Board Chair Robyn Denholm said, “By 2030, we aim to sell 20 million electric vehicles by year.
 Tesla’s Model 3 is now the best-selling premium vehicle in the world. (Source: CleanTechnica) |
That’s an ambitious target considering the company only shipped half a million cars in 2020. Nonetheless, Tesla is growing at a breakneck pace. And it’s not just the company’s stock price that has seen massive growth. When Elon Musk took the stage, he referred to a slide that had an impressive Compound Annual Growth Rate (CAGR) of 71% since Q4 2016.
Highlighting this growth, Musk said, “I think this could be the fastest growth of a large manufactured item. Like – yes, definitely, one of the fastest, maybe the fastest, and it looks like we have a good chance of sustaining that [growth] in the future, really dependent on vendor challenges… but I’m confident that I can maintain something like that, at least above 50% for quite a while.
In just four years, Tesla edged ahead of Mercedes, BMW and Audi to claim the crown of the world’s best-selling premium vehicle. (Source: Tesla) |
Indeed, the future looks bright. Musk said: “The Model 3 has become the best-selling premium vehicle in the world.” Even more impressively, Musk predicts, “We believe the Model Y will be the best-selling vehicle of all types in the world. So I think it will overtake the Model 3. I think we have a good chance that it will be the top-selling vehicle in terms of turnover next year, then I think it will most likely be the best-selling vehicle of any kind. , digitally in 2023.
 Musk predicts the Model Y will be the best-selling vehicle in the world once production kicks off in Austin and Berlin. (Source: Tesla) |
Once the Model Y is up and running at Tesla’s new factories in Austin and Berlin, the company plans to launch the Cybertruck (with its super safe ATV), Semi and Roadster. He also raised the possibility of a Tesla pickup truck this decade and also promised increased growth in the solar and stationary battery storage business divisions.
The big news: Don’t mess with Tesla! Why? They change their headquarters to Texas. Musk explained, “I am delighted to announce that we are moving our headquarters to Austin… our factory is approximately 5 minutes from the airport and 15 minutes from downtown. And we’re going to create an ecological paradise… on the Colorado River, it’s going to be awesome.
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Originally posted on EVANNEX.
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