Elon Musk Targets 5 Million Tesla Cars by 2030, Analysts Doubt Feasibility

Elon Musk announced during Tesla's recent earnings call that the company aims to deliver 5 million vehicles per year by 2030. He expressed optimism about reaching this ambitious goal.

Currently, Tesla's production numbers are far below this target, making the plan a significant leap from present capabilities.

Analysts remain cautious, pointing to supply chain issues and uncertain market demand as potential obstacles to achieving such rapid growth.

While Musk believes Tesla has a strong chance to meet this goal, external factors could affect the company's ability to scale up production at this pace.