Part 7/9:
Gary Black warns that when Tesla's stock investors claim "this time is different," they might be falling into the trap of overconfidence, ignoring historical analogies. Meanwhile, others like Ross Gerber express surprise at even the possibility of hitting 10 million vehicles—indicating that expectations are evolving, perhaps more positively than traditional models suggest.
The Market and Investment Outlook
Market consensus currently anticipates Tesla delivering approximately 6.45 million vehicles in 2030, a significant figure but still far below 20 million. Most Wall Street analysts seem to assume Tesla will not produce a "cheap" vehicle in sufficient volume to reach such lofty targets, possibly underestimating Tesla’s innovation potential.