Tesla's CEO Elon Musk. Brendan Smialowski / AFP via Getty Images CEO Elon Musk said Tesla expected to produce 20 million electric vehicles per year before 2030. This is more than 50 times what Tesla produced in 2019. Musk also said he expected the electric vehicle market to produce more than 30 million vehicles annually by 2027. Visit Business Insider's homepage for more stories. Tesla will "probably" produce 20 million electric vehicles a year before 2030, its CEO Elon Musk said on Twitter early Monday morning.Musk said this would require "consistently excellent execution."The figure is more than 50 times the 365,000 vehicles it made in 2019.