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From these figures, Matt projects that by 2030, Tesla could be delivering at least 10 million cars annually. He bases this estimate on existing industry benchmarks, citing traditional automakers like Toyota and Volkswagen, which each produce around 10 million vehicles per year. He emphasizes that Tesla's cars outperform these competitors in quality, technology, speed, and customer preference, suggesting that Tesla is well-positioned to capture a significant share of the EV market.
Projecting Revenue and Profit: The 2030 Outlook
Using these assumptions, Matt presents a simplified calculation:
10 million cars/year
$10,000 profit per car (based on current trends)
Multiplying these gives a $100 billion annual profit in 2030.