Tesla's focus on driving prices lower and introducing a $25,000 vehicle within 18 months could lead to long-term success and make it a $5 trillion company in the next decade
Questions to inspire discussion
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What is Tesla's focus in the near future?
—Tesla's focus is on driving prices lower and introducing a $25,000 vehicle within 18 months.
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What could lead to Tesla's long-term success?
—Tesla's focus on driving prices lower and introducing a $25,000 vehicle within 18 months could lead to long-term success.
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How much could Tesla be worth in the next decade?
—Tesla could be worth $5 trillion in the next decade.
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What is the most important goal for Tesla?
—Tesla's most important goal is to introduce a $25,000 vehicle within 18 months.
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What is the controversial idea about Tesla's future?
—The controversial idea is that Tesla could become a $5 trillion company in the next decade.
Key Insights
- 📈 Ron Baron predicts that Tesla's business model is focused on driving prices lower, similar to the early 1900s automobile companies, which could lead to long-term success.
- 📈 Ron Baron believes Tesla is going to become a $5 trillion company in the next decade, emphasizing its potential for growth and success.
- 🚗 Ron Baron predicts Tesla will start selling a $25,000 vehicle within 18 months, opening up a huge market for the company and enabling it to sell 20 million vehicles annually by 2030.
- 🚗 Executives of the car company as well as the CEO Elon Musk have all acknowledged the need for a cheaper model.
- 🤑 Tesla is working on a $25,000 car that could be fully autonomous, making it the most affordable unit yet and potentially pushing forward the adoption of EVs.
- 🔋 The new battery technology is expected to increase energy output by five times and increase range by 16% while reducing production cost by about 50%.
- 🚗 Ron Baron believes that a new affordable model is the key to unlocking Tesla's access to new customers and driving its yearly production and deliveries towards 20 million units per year.
#Investment #Tesla #TSLA #RonBaron
Clips
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00:00 🚨 Ron Baron predicts that Tesla's future is promising and compares the company's innovation to early automobile companies.
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00:51 💡 Tesla is collecting massive amounts of data and will have more computing power than anyone in the world, making it a potential $5 trillion company in the next decade according to Ron Baron.
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01:43 🚗 Tesla's growth is strong, with a significant increase in car production and a focus on developing a local supply chain in China.
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03:04 🚨 Tesla is expected to start selling a $25,000 vehicle within 18 months, opening up a huge market and enabling the company to sell 20 million vehicles annually by 2030, despite competition from other car manufacturers.
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03:59 🚗 Tesla is working on a cheaper model to reduce the cost of producing electric vehicles.
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04:36 🚗 Tesla is working on a $25,000 car that could be fully autonomous and will be unveiled in 2024, making it their most affordable model yet.
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05:54 🚗 Tesla's potential new model 2 could have a smaller battery with a range of 250 miles, using new battery technology to compete with other car companies, but it remains uncertain if Tesla will use this technology for the model 2.
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07:04 🚨 Ron Baron believes that a new affordable model is the key to unlocking Tesla's access to new customers and driving its yearly production and deliveries towards 20 million units per year, potentially making it Tesla's best seller and putting the rest of the EV industry on notice.
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