Tesla has built its 10 millionth electric vehicle, marking six years since they hit the one-million mark. This milestone is key to unlocking full value in CEO Elon Musk’s $1 trillion pay package, with goals of reaching 20 million vehicles by 2035.
Despite strong growth from models like the Model 3 and Model Y, Tesla hasn’t sold two million cars in a single year. Sticking to this pace would see it hit the 20 million mark only in the early 2030s. Competition is waning in the U.S., but sales are still flagging at home.
While FSD subscribers and robot initiatives remain in their infancy, Tesla has nearly 1.5 million FSD subscribers now. Musk’s profit target of $400 billion by 2035 looks like a stretch given current EBITDA levels around $3.27 billion, shrinking due to discounts and regulatory credit losses.
By comparison, China's BYD has sold over 17 million new energy vehicles, including hybrids. Is Tesla closer to our electric dreams or just another chapter in the Musk saga?
