How Tesla Can Continue 50% Growth & Sell 2.7 Million Vehicles In 2024
I have very little confidence in all of Paul’s predictions or assertions. He failed to address other sources of revenue, the biggest of which is the energy storage segment. He didn’t say anything about the Powerwall sales or the VPP electricity arbitrage. He said nothing about the supercharging network. But the really big one is the backlog of orders for 80,000 or more Megapacks at well over a million dollars a piece. That alone totals well over a billion dollars, and which has a 2 year waiting list. Tesla is building more megafactories to build megapacks, so that could add billions to the bottom line. Elon said the energy segment may grow larger than the auto segment, and he’s right! Battery Electric Storage Systems are the link that makes the intermittent renewables become capable of replacing the fossil fueled power plants, and now that wind and solar electricities are cheaper than any other, the whole grid will be full of fossil fueled *stranded assets* losing money, waiting to be replaced ASAP by renewables plus storage. And Tesla is on the leading edge of this changeover, thus there is tremendous room for growth – 100% or greater. The only 50% growth auto segment will be left in the dust!