Part 7/10:
The current entry-level Tesla, the Model 3 priced around $47,000 in the U.S., represents less than 10% of Tesla’s total addressable market (TAM). The speaker emphasizes that a more affordable Tesla model, if introduced, could drastically expand demand, fueling exponential growth in sales.
Demand and Market Penetration
Bears often argue that Tesla’s demand is insufficient, but the speaker counters this by illustrating that current demand exceeds supply, especially in the U.S. The market potential for Tesla remains enormous, especially as lower-priced vehicles become available.