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Tesla CEO Elon Musk predicts the EV maker will produce 100 million cars in 10 years

Yahoo Finance's Brian Sozzi breaks down Elon Musk's projections for Tesla production over the next 10 years.

Video transcript

BRIAN SOZZI: All right, a Tesla-themed Saturday to kick off the week. 100 million. That's how many cars Elon Musk thinks Tesla will have produced 10 years from now. It's a lofty goal indeed. Musk says, meeting that goal will require 10 to 12 gigafactories cranking out 1 and 1/2 million to 2 million vehicles a year. If you recall, Tesla recently announced it produced its three millionth electric car since its inception back in 2004.