Part 2/4:
Full Self-Driving (FSD) reaching "better than human" status by mid-2025
Expansion of Megapack factories, with 4 new lines in Shanghai and announcements of additional factories
FSD adoption rate reaching 25% on the 9.5 million Tesla vehicles on the road, generating $2 billion in additional profit
Refreshed Model Y and a new model announced in the first half of 2024
Wang believes these developments, combined with continued growth in car deliveries and energy storage, could drive Tesla's earnings to $30 billion in 2025. This, in turn, could propel the stock price to $1,000 by the end of 2025.