Most Viewed Content:

Huawei Enjoy 70z phone released with 6000mAh large battery

Huawei Enjoy 70z phone started pre-sale today, equipped with...

Vivo X Fold 3 Pro passed 3C certification, with 120W fast charging

A Vivo phone model V2337A recently passed the domestic...

Motorola Edge 50 Pro exposed with 50W wireless / 125W wired fast charging

According to foreign technology media 91Mobile, the Motorola Edge...

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

Elon Musk: Roadster accelerates from 0-96km/h in less than 1 second

In November 2017, Tesla’s new Roadster was officially released....

Samsung Galaxy A55 5G expected to be released on March 1st with Exynos 1480 chip

Winfuture today announced the specifications of the Samsung Galaxy...

New Audi A7L model will be launched on March 1st, starting from 418,700 RMB

SAIC’s new A7L model will be launched on March...

Realme RMX3993 phone network details released, 720p screen

A Realme phone model RMX3993 released the network access...

Newsletter

Don't miss

Elon Musk: Roadster accelerates from 0-96km/h in less than 1 second

In November 2017, Tesla’s new Roadster was officially released....

Samsung Galaxy A55 5G expected to be released on March 1st with Exynos 1480 chip

Winfuture today announced the specifications of the Samsung Galaxy...

New Audi A7L model will be launched on March 1st, starting from 418,700 RMB

SAIC’s new A7L model will be launched on March...

Realme RMX3993 phone network details released, 720p screen

A Realme phone model RMX3993 released the network access...

Nubia releases Neo 2 5G with sci-fi style appearance, priced from $199

Nubia launched a Neo 2 5G phone at MWC...
Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
Threza Gabriel is a news writer at TechGoing. 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.

Realme RMX3993 phone network details released, 720p screen

A Realme phone model RMX3993 released the network access map today. The product name is not yet clear, and it is expected to be...

Huawei Enjoy 70z phone released with 6000mAh large battery

Huawei Enjoy 70z phone started pre-sale today, equipped with a 6000mAh large battery, priced from 1,099 RMB. 8GB+128GB priced at 1,099 RMB 8GB+256GB priced at 1,299...

Polestar 3 announces mass production, positioned as pure electric SUV

Polestar announced today that Polestar 3 has started mass production in Chengdu, China. At the same time, the factory in South Carolina, the United...