Elon Musks’ Tesla is now a one trillion market valuation company. The stocks of Tesla have been growing every day and for a car-making company, it is immense. Elon musk went past Jeff Bezos to become the richest person last week and Tesla becoming a trillion-dollar company this week tells us the success story.
Tesla is growing every day with investors showing more and more faith in the company. The big reason behind this is also that tesla has expanded its market to India. Tesla is a continuously growing organization and investors seek this sort of opportunity so they are also keen to invest.
The company is just a car-making organization, then why are they growing so quickly? Why do people trust them so much? What are the things they are doing differently?
Tesla is doing the same thing differently. Tesla has brought in software in the carmakers to make it driver-free. They brought battery-operated versions which have no dependency on fuel. They also provide services of these software’s in the cars, charging, insurance, battery maintenance, and even carbon credit to the manufacturers. This helps them stop searching for everything they want.
While other car manufacturing companies and finding themselves to be losing the business because of Covid-19, Tesla has shown remarkable growth.
The other companies which are struggling to find customers have had a dip in sales by approximately 20% whereas Tesla is been in the demand and has grown in business by almost whopping 73%. This growth has investors and Tesla both have been visible and remarkable indeed.
Morgan Stanley has predicted that Tesla’s production capacity will go from 1.3Million Units per year to 8.1 Million Units in the year 2030, which means the product will be multiplied by almost 6.5X to now, and every year 8.1 Million cars will be produced. They have also said that the revenues which are right now at $51 Billion will go up to $436 in the year 2030 which means a multiplication of 8.5X to what they are right now.
Tesla is the best in the business, which is giving some headaches to the competitors. And will soon be operating at a higher volume in India.
Follow and connect with us on Facebook, LinkedIn & Twitter
