Part 7/11:
Amidst this landscape, Tesla has announced ambitious plans for the next few years. During their most recent shareholder meeting, Elon Musk articulated a target to increase annualized production capacity to approximately 5 million vehicles by 2028, up from current levels of around 2.6–2.7 million. The company aims for a 50% increase by the end of next year alone.
Tesla’s strategy capitalizes on their proven ability to produce EVs profitably and at scale. Their focus on self-driving technology—particularly the development of Full Self-Driving (FSD) software—is set to revolutionize the driving experience. Recent demonstrations of FSD’s capabilities show impressive autonomous maneuvers, including obstacle detection, real-time learning, and decision-making.