Important Innovations

  Goldman Sachs Forecasts Tesla Sales Could Double GMs                                  Source:  Tesla CEO Elon Musk 15 Million Car Sales a Year by 2040 Goldman Sachs is forecasting that Tesla will sell 15 million cars per year by 2040.  That would be double the size of GM sales.  Last year, Tesla sold 368,000 cars.   Not only did Goldman increase the sales forecast.  It upped its forecast for Tesla financials and its share price target for Tesla to $780/per share.  That would be the highest share price on Wall Street and Tesla is already the most valuable automaker. Innovation Pays Goldman says if Tesla maintains its 15 to high 20s% market share range in the electric vehicle market, it could be selling 15 million cars a year by 2040.  Goldman is forecasting that Tesla will maintain its leadership in the EV market because of two key reasons: Te...

COVID-19 Accelerating Autonomous Deliveries Source:  Waymo Big Investor Money Pouring In COVID-19 is accelerating a big shift in the global autonomous driving industry.  Business is booming in the autonomous delivery of packages, not the autonomous driving of people.  Companies like self-driving technology company Waymo are enjoying a huge boom in its business of package deliveries and a big influx of capital from investors. Fresh Capital Big players like Waymo, which is owned by Google's parent company Alphabet, are getting a big jump in funding.  Waymo now has $3 billion in fresh capital after expanding its first funding round.  It just raised $750 million in mid May.  According to Reuters' analysis, investors have poured $6 billion into two dozen companies involved in autonomous deliveries in the past seven months.  The technology ranges from drones to big, autonomous trucks. Global Phenomenon:  Future of Travel.   T...

US EV Market On the Rise Source:  Tesla Model 3 EV's in US Beating Out Another Auto Category The sale of electric vehicles in the US is at a very early stage, representing 1.6% of the 17 million "light" vehicles sold in 2019.  But, for the first time, EV's are outperforming a segment of the automotive market.  Specifically, EV's are outpacing vehicles with standard shifts which represent 1.1% of automotive sales. Sales of standard shift models have dropped .5% in the past year.  By contract, sales of the world's most popular EV, the Tesla Model 3, are up 1% in the US in 2019. It's the beginning of a shift by Americans to zero emission, green, electric vehicles to save the environment from carbon emissions. Tesla's Roadster Electric Sportscar In Q1 2020, the electric car segment in the US is composed of 16 models.  That is scheduled to significantly grow  this year.  And, EV's are expected to outperform another category in 2020 -- conve...