, a deal that reinforced the electric car leader's ambitions to top the entire auto industry in sales over the next decade.
Tesla Chief Executive Elon Musk has set an annual sales growth target of 50%, on average, eventually reaching 20 million vehicles a year. That would be more than twice the volume of current sales leaders Volkswagen AG and Toyota Motor Corp. However, Tesla faced new US regulatory pressure on Monday. The National Transportation Safety Board's new chief sent Musk a letter questioning why Tesla was rolling out its"Full Self Driving" software even though the company has not officially responded to the NTSB's questions about the automated driving system's safety.
"It puts an exclamation point under guidance for 50%+ growth in deliveries," Roth Capital analyst Craig Irwin said."Another solid piece of evidence EVs are going mainstream." Investors and analysts, for now, are looking past the near-term challenges. Morgan Stanley boosted its Tesla price target by 33 per cent to US$1,200 as the brokerage expects the electric carmaker to surpass 8 million deliveries in 2030.
"We want to be a leader in mobility ... Getting customers experience with electrified vehicles is an absolute priority for us."
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