Tesla’s Head Of Investor Relations Clarifies Growth Plans

Emmanuel Rosner of Deutsche Bank stated that Tesla had admitted to being in “an intermediate low-growth period” after the rapid growth of the Model 3 and Model Y over the past 5 years. 

However, Tesla’s Head of Investor Relations Martin Viecha clarified that Tesla is simply “between two major growth waves” – the first driven by the Model 3 and Model Y since 2017, and the next wave to be driven by an upcoming “next gen vehicle,” likely referring to the rumored $25,000 model.

Tesla first announced its 50% CAGR goal in 2020, on the heels of rapid growth in Model 3 and Model Y sales. Despite economic headwinds, Tesla appears confident it can maintain this trajectory as it continues expanding production capacity and rolls out new lower-cost models.

The reaffirmation of the 50% target signals that Tesla believes it has a strong product roadmap and strategy to drive substantial growth well into the future. Investors seem optimistic about the company’s ability to deliver, with Tesla’s market valuation remaining resilient even amidst the current downturn.

More Articles for You

Mazda MX-5 Is The World’s Best-Selling Convertible With Over 1.2M Sold

The Mazda MX-5 has long held the record for being the world’s best-selling two-seater sports car – it claimed this …

Hagerty Stages Cool Car Show Paying Homage To 80s And 90s Rarities: Why Not!?

RADwood UK celebrated the excess of the 1980s and 90s car and pop culture at Bicester Motion on Saturday, August 23, …

China’s Yangwang U9 Posts New World EV Speed Record Of 472 km/h

Yangwang, BYD’s high-end sub-brand, has set a new world electric vehicle (EV) top-speed record of 472.41 km/h (293.5 mph) at …

World-Class Auction At Monterey Reaches $45 Million In Sales

The Monterey Car Week is arguably the world’s most prestigious automotive event, comprised of numerous high-profile events like the Pebble …

Suzuki Fronx To Debut In Malaysia In Q4 2025

‘Fronx’ is a strange name to be sure. It’s what happens when you marry ‘frontier’ with ‘crossover’ in a uniquely …

Hyundai Named Top Brand In J.D. Power Study For 6th Straight Year

Hyundai has done it again. The Korean brand has once again been recognized as the top mass-market brand in the J.D. …