More importantly, there is likely to be a steady ramp in full self-driving software adoption starting in 2030. This, the analyst said, should have a big impact on margins, with EBIT margin eventually exceeding 40%.
Tesla Energy will likely increase from about 6% of revenue currently to about 20%-30% by 2030s, Potter estimates.
Tesla is targeting multi-trillion-dollar markets and there will always be new levers for growth, the analyst said. The company could eventually enter into the HVAC or auto insurance markets, both of which represent hundreds of billions in market-wide revenue, he added. 2020 was a breakout year for TSLA, but in our view, the fireworks aren t over, Potter said.