Tesla Semi truck unveil & test ride set for Oct 26th !

Tesla is ‘one of the market’s best secular growth stories’: Analyst

The growth for electric vehicles, and also the startup of two new factories, one in Germany. They just held the ribbon cutting. And then in Texas, where they have a grand opening scheduled two weeks from now. So, these are the reasons why we upgraded the stock from hold to buy in early January, because they're entering really a new growth phase with the startup of these two new factories that will increase their annual vehicle production capacity dramatically. And so that's what's really driving the earnings growth going forward.

- And got on top of that, we're also seeing that Tesla may have plans to double down in China to meet demand. What is the strategy there? And then against that backdrop where you have the Russia-Ukraine conflict, now with this manufacturing facility in Germany, and then you have some of these COVID production shutdowns in China as a result of some of these outbreaks there.

- Yeah, their strategy really is to do what they can to increase production. They have a goal of increasing their annual auto sales from about a half million vehicles sold in 2020, to 20 million by the year 2030. So, that's growth of 40x that needs to happen. And so, they're going to have to really accelerate their growth by building new factories. The Texas and Germany factories essentially doubles their number of operating factories from two to four. And we believe they're looking at other factories around the world.