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Elon Musk’s Focus on Tesla and Ambitious Goals
Elon Musk is reportedly back to focusing on Tesla as the company proposes a $1 trillion pay package to keep him engaged. Musk must meet demanding targets, including achieving a market cap of $8.6 trillion within the next ten years, up from its current valuation of approximately $1.12 trillion.
Tesla Energy’s Growth
Tesla’s energy division has achieved profitability for 13 consecutive quarters since mid-2022, with year-over-year energy deployments surging 113% in 2024. As U.S. power grids become increasingly strained, utility companies are investing in Tesla’s Megapack to enhance their reliance on solar and wind power.
Upcoming Developments and Stock Performance
Tesla’s Optimus humanoid robot is set for mass production in early 2024, while the company is conducting tests for its robotaxi service in Austin and the Bay Area. Following several months of price stagnation, Tesla shares are breaking out, with potential gains projected to reach the mid-$400 range.
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