Hey everybody Rob Maower here and today we have a pre-recorded episode I am traveling on Tuesday so rather than going through the news I wanted to go through a pretty interesting question that has been asked in the past and has resurfaced as of the last

quarterly earnings call and that question is what does Elon Musk mean when he refers to a 50% compound annual growth

rate for Tesla for the future?

You may remember that the question that I submitted for Tesla's last earnings call on say.com

was, quote, Elon has mentioned a 50% compound annual growth rate

target for Tesla in the past. Is this still in line with Tesla's ambitions for the next

five to ten years? This would be four million plus vehicles in 2025 and 20 million plus vehicles in 2030.

Is 40% a more realistic target?"

When I talked about this being my question and after Elon answered it on the call, which

we'll get to his answer in a second,

I got a lot of people asking, why I would ask about automotive growth.

Tesla is more than just an auto company.

We should be thinking about energy and solar, and that's going to factor into the 50%

compound annual growth rate.

And then a lot of other people coming from the same perspective,

but saying that Elon was talking about revenue growth rather than unit growth.

I've been meaning to circle back to this topic for a while,

and I think now is a good opportunity to do so.

First off, let me say that yes, it's absolutely correct.

We should be thinking about automotive, we should be thinking about energy storage and solar.

And it doesn't stop there either. We need to be thinking about Tesla

autonomy, insurance, service, software updates, which can be leveraged in a variety of

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