Tesla is the most valuable car company in the world, even though it produces a fraction of the vehicles churned out by other automakers.
Through the first half of 2020, Tesla had roughly 80% of the US market for electric vehicles, as well as a 15% market share in Europe and 20% in China.
New battery cell designs, chemistries and manufacturing processes are just some developments that would allow Tesla to reduce its reliance on its long-time battery partner, Japan’s Panasonic.
Investors are now speculating that the world’s largest maker of electric vehicles (EV) could unveil their “Million-Mile” battery on Tuesday. This is a monumental development, given that the batteries that are currently in Tesla vehicles has a warranty that lasts 150,000 miles or eight years, whichever comes first.
CWEB Analysts see (TSLA) Nasdaq as a potential for long term growth and a great addition to one’s portfolio and upward of $1500 by 20121