Musk promises 5 million Tesla deliveries a year by 2030 despite falling sales

On Tesla's earnings call, Elon Musk said the company aims to reach 5 million vehicle deliveries a year by around 2030. That requires roughly 25% annual growth, while deliveries fell two years in a row, from a peak of 1.81 million in 2023 to 1.64 million in 2025.

• Target is 5 million annual deliveries by 2030, implying a CAGR of about 25%
• Deliveries fell two years straight: 1.81 million in 2023 and 1.64 million in 2025
• Tesla sold 1.32 million vehicles in 2026 so far, needing 311K more this year
• Model 3 and Model Y account for over 96% of sales; Model S and Model X were discontinued