I firmly believe in Tesla's long-term potential! $Tesla Motors(TSLA)$

Tesla has made significant progress in 4680 battery production capacity, with its Texas Gigafactory producing over 20 million batteries. The new technology not only offers higher energy density and power but also promises to significantly reduce production costs.

With Tesla continuing to expand 4680 battery capacity in Q2, it is expected to further boost the performance and market competitiveness of its electric vehicles.

Despite pressure on Tesla's gross margin in 2023, there's a widespread market expectation that the gross margin will recover in 2024 as production efficiency improves and economies of scale kick in. Additionally, the price increase strategy for Model Y did not affect Q1 sales, helping to spread fixed costs and improve the gross margin.

The new compact electric vehicle is expected to be equipped with a 53kWh lithium iron phosphate (LFP) battery, targeting sales of up to 42 million. This strategic positioning indicates Tesla's active expansion of its product line to meet broader market demands. This compact electric vehicle is poised to become a new growth driver for Tesla, further solidifying its leadership position in the electric vehicle market.

The sales target for 2024 is set at approximately 2.2 million, reflecting Elon's determination for growth. Combined with Tesla's global manufacturing layout and continuously optimized supply chain management, this sales target is not only achievable but also likely to be exceeded.

Despite the ever-changing competitive landscape of the Chinese EV price war, Tesla's price hikes have had little impact and are expected to maintain its industry-leading position in the coming years. Therefore, I firmly believe in Tesla's long-term growth prospects.