According to foreign media reports, Wall Street New Street Research analyst Pierre Ferragu, after visiting the Tesla Berlin Super Factory event, said Tesla’s current demand far exceeds expectations.
Tesla recently decided to raise the prices of some of its electric cars, but market demand does not appear to have been affected by the price increase. Tesla said that during this period, demand for electric cars has surged in other parts of the world, especially the United States.
In a report to customers, Ferragu noted, “Tesla is facing unprecedented demand. Everyone agrees that Tesla’s current demand far exceeds what was expected just a few years ago. Electric cars are so popular that for Tesla and its competitors, market share will depend largely on the ability to increase capacity.”
After visiting the Berlin plant, Ferragu also said he was impressed with the high efficiency of Tesla’s Berlin mega-factory, which is significantly more efficient compared to the Fremont plant.
Tesla’s stock is currently worth about $275. However, with demand increasing like never before, Ferragu made a bold prediction, setting a target price of $530 for Tesla’s stock. He also said that in addition to the stock value, from a distance, Tesla’s market capitalization is expected to reach $10 trillion by 2030 if it achieves its goal of producing 20 million electric cars per year.