Most Viewed Content:

Ford will launch a new electric truck under a new product line

REcent report prove that Ford is planning on launching a new electric vehicle that will come with a new nameplate.

Samsung ships first 3nm Gate-All-Around chips to cryptocurrency mining industry customers as promised

This Monday, July 25, Korean electronics giant Samsung began...

Xiaomi 12S and 12S Pro Revealed With A New Processor

Xiaomi is now on a device launching spree as it is set to launch the Xiaomi 12S and 12s Pro with a new Snapdragon processor.

Tesla long analyst: market value expected to reach $10 trillion in 2030

Last week, Tesla’s Berlin superfactory hosted an event where Pierre Ferragu, an analyst at New Street Research on Wall Street, said after a tour of the facility that Tesla’s current demand is far exceeding expectations. There are many signs that demand for Tesla’s electric cars is strong, despite a significant increase in their selling price this year. When gasoline prices rose earlier this year, Tesla’s orders in the U.S. reportedly soared to a record high. Tesla even suspended accepting new orders for certain model versions due to an overwhelming backlog of orders.

In a report to clients, Ferragu noted, “Tesla is facing unprecedented demand. Everyone I know at Tesla, and who I can discuss this topic with, 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 the tour, Ferragu also said he was impressed with the high efficiency of Tesla’s Berlin superfactory. “Compared to the Fremont plant, the Tesla Berlin plant is significantly more efficient. The logistics within the factory are very simple, and the factory is surrounded by docks on all sides to ensure that parts get to the right place in the factory’s manufacturing chain.”

He also noted that “the factory’s production cycle for a single line is set at 45 seconds, and at full capacity, 10,000 cars will be delivered each week. With a production rate of 45 seconds per vehicle, completing 10,000 vehicles would require more than five consecutive days of uninterrupted time. Most importantly, Tesla is currently producing cars with rear casting (rear casting) and will switch to front and rear casting once the 4680 structural battery pack is in mass production.”

Ferragu has a $530 price target on Tesla’s stock, which implies a lot of upside from the current $275. He even believes that in the long run, if Tesla achieves its goal of producing 20, 000,000 electric cars per year by 2030, Tesla’s market cap is expected to reach $10 trillion, roughly four times Apple’s current market cap.

Latest

Classic FPS game Thor’s Hammer was ported to Apple Watch

A programmer managed to get the original "Quake" (Thor's...

Ring Finally Brings End-to-End Encryption to Its Video Doorbell

More than a year after adding end-to-end encryption options...

Nvidia Geforce: The final clearance RTX 3060 has three new products

RTX 40 series is coming soon, but what I...

Android 13 is making it easier to separate work and personal data

Android 13 has some new features designed to improve...

Newsletter

spot_img

Don't miss

Classic FPS game Thor’s Hammer was ported to Apple Watch

A programmer managed to get the original "Quake" (Thor's...

Ring Finally Brings End-to-End Encryption to Its Video Doorbell

More than a year after adding end-to-end encryption options...

Nvidia Geforce: The final clearance RTX 3060 has three new products

RTX 40 series is coming soon, but what I...

Android 13 is making it easier to separate work and personal data

Android 13 has some new features designed to improve...

Tencent plans to increase holdings in French veteran Ubisoft

After investing in Japanese game company FromSoftware last week...
Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.
spot_imgspot_img

Huawei MateBook E Go 2-in-1 laptop to be released on September 6 with Windows 11

Huawei Mate 50 series and full-scene new fall launch will be held on September 6, the theme is "break out of the dawn, the...

Xiaomi 13 Series improve photography by using a triple 50MP setup

The coming Xiaomi 13 Series will launch with some improvements in its camera abilities as the Pro model will use a triple 50MP setup.

Lenovo released Glasses T1: equipped with Micro OLED screen

Lenovo released Glasses T1 AR glasses, equipped with a Micro OLED screen, officially called it a wearable private display. The AR glasses use a "Micro...