Ron Baron of Baron Capital believes Tesla's electric car and battery storage business will be worth $500 billion each by 2030. This will give Tesla an estimated total market cap of $1 trillion in the next 11 years. Baron's firm, which has $28.3 billion in assets under management, holds 1.65 million TSLA shares. He gives Tesla a better than 50-50 chance of hitting the $1 trillion level. They will be the biggest car company with 10 million to 15 million cars sold per year eventually.

Bloombergnef has increased its forecast for lithium-ion batteries by six times to 1783.5 gigawatt-hours in 2030 versus previous estimates of about 300 gigawatthours.