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- In 2024, the market cap could reach $500 billion, or $2700 per share
- Tesla customers can now purchase their vehicles using Bitcoin
- Tesla is one of the most popular stocks right now
- Tesla, according to Elon Musk, will be the world’s largest corporation
1. Tesla is leading the world’s impending transition to a renewable energy platform. Tesla also hopes to save thousands of lives by supplying its vehicles with a fully functioning self-driving system.
2. Tesla sold 101,000 vehicles in 2017, producing $11.8 billion in revenue while getting cash in the amount of $4.1 billion in negative free cash flow. Back in 2019, the Model 3’s lower price helped Tesla achieve a total of 367,000 cars sold in the year. The company’s revenue more than doubled to $24.6 billion, and it created $1 billion in positive free cash flow.
3. With the right programming, the systems in current Tesla vehicles should be able to achieve maximum self-driving capabilities. In a rating scheme that ranges from 0 to 5, that’s level 5 autonomous driving.
4. Tesla’s autonomous driving capabilities are currently at a level 2, which means that a fully alert human driver is still needed. Other automakers are not planning to use level 5 capable electronics in their vehicles until 2025, giving Tesla a six-year advantage.
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