Elon Musk Speaks at Morgan Stanley Conference When Elon Musk answered questions at Morgan Stanley's Technology, Media, and Telecoms Conference in San Francisco yesterday, the firm reaffirmed its Overweight rating and $220.00 price target on Tesla Inc (NASDAQ:TSLA).
The company's billionaire CEO reiterated his belief https://zenodo.org/record/7726018 that it is possible to transition the world's fossil fuel economy to a renewable one with 240 TWh of lithium ion batteries (accumulated production over time), with the majority of this being lithium iron phosphate (LFP), which is composed of very common elements.
Elon Musk also maintained that there is a "clear path" to a car that costs half as much as a Model 3 and that he thinks https://zenodo.org/record/7726121 this car will ultimately be operated "nearly entirely in autonomous mode." In accordance with what he previously mentioned about Tesla wanting to bring a new purposed-built “robotaxi” electric vehicle to production.
Elon Musk has been saying that Tesla is going to make all its vehicles built since 2016 “full self-driving” with software updates like https://zenodo.org/record/7726179. Yet, to date, Tesla has only offered "Full Self-Driving Beta," which, by the automaker's own admission, is still a level 2 driver assist system.
As for SpaceX, Elon Musk’s space exploration and technology company, the CEO believes the company is getting close to its first orbital attempt “hopefully in the next month or so.” "I won't guarantee it gets into orbit, but it will be interesting," he continued.
Elon Musk also indicated that it will take “a couple more years” to achieve full and quick Starship reusability and that the launch mechanism has the potential to cut the cost of access to space by orders of magnitude, providing a way to ‘scale’ the space economy. Elon Musk said of Starship's chances of reaching orbit this year, "ideally there is approximately an 80% chance of reaching orbit this year."
