On Wednesday, March 1st, Tesla held its first-ever event. investor day(opens in new tab) At an event at the Gigafactory in Austin, Texas, CEO Elon Musk unveiled his third big “master plan.” Essentially, this means it’s where billionaires see Tesla headed in the next seven to ten years.
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After being introduced to the stage, Musk said, “Okay, part three of the master plan.”
“There is a clear path to a rich, sustainable energy planet,” he continued.
Musk and Tesla executive Drew Baglino have analyzed what the company believes will be needed to transition to a fully sustainable economy within the next few decades.
Musk explained that it would require “huge amounts of battery energy storage,” which is currently not available at scale. But Musk believes that if he invests $10 trillion in manufacturing and battery energy storage, the world will run on clean energy by 2050.
The big takeaway is that Tesla is working on a “next generation” of electric vehicles to further these plans. However, it didn’t provide much in terms of details.
Another interesting tidbit: The 4 millionth Tesla car was built the morning of the event.
What has been in Tesla’s masterplans in the past?
The third phase of Musk’s master plan has a broader focus than previous iterations.
For example, Musk’s first master plan, drawn up in 2006, stated: blog post(opens in new tab)the company had realistic goals, such as making money off one car, a roadster, to reinvest in building a more affordable line of Model S, Model 3, and Model Y. rice field.
As for Musk’s second master plan in 2016, Musk shared stronger ideas for Tesla, many of which have never materialized.properly called master plan part 2(opens in new tab)On Wednesday, Tesla’s CEO shared his vision of a self-driving car that could be rented out to others when it’s not in use. The Tesla literally drives itself to the borrower’s pick-up location, allowing Tesla owners to make money. Obviously this is not happening. There is also no “passenger-dense urban transport” mentioned in the 2016 master plan. And while it looks like the promised “big truck” will finally appear in the form of a Cybertruck, it’s been seven years and it’s still not hitting the market.
What does Musk say Tesla will do in the next few years?
While not on the same scale as previous master plans, Part 3 offered a bit of Musk’s now-classic predictions.
According to Musk, the auto industry will eventually move to “all electric and self-driving.” Riding in a non-autonomous petrol car, he said, is “like riding a horse and using a garage.”
As for the new product, Musk explained that heat pumps are an important part of the transition to sustainable energy, and while Tesla has no current plans, “at some point we may make a heat pump for the home. No,” Musk said.
There was also a new look at Tesla’s robot via video.The robot built another bot and was moving rather slowly, with Musk referring to Boston Dynamics’ impressive robotics.
“It’s obviously not doing parkour,” he said.
And there was a brief mention of going to Mars! “He hopes to get there one day,” Musk said, which is quite different from Mr. Musk’s opinion. Estimate(opens in new tab) 10 year timeframe he made in 2011.
Where can I find Tesla products?
On Musk-owned Twitter, users seemed pretty disappointed with Investor Day. The only real timeline given was when Cybertruck was mentioned, which according to the company will be available later this year.
Tesla stock Dropped(opens in new tab) during the event.
there was Buzz(opens in new tab) Perhaps ahead of the event where the new affordable Tesla EV will be unveiled. Musk has said that in 2020, Tesla will use his million robo-taxis. As of 2023, the company has nothing.
Musk himself spent his time behind the scenes tweeting about things that had nothing to do with Tesla.While other executives were giving presentations, Musk Weighted(opens in new tab) In a clip about Russia’s war in Ukraine.He also remembered(opens in new tab) Back when former cable news host Keith Olbermann had to tweet from his dog’s Twitter account after being temporarily suspended from the platform.
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Over the past few months, Tesla has Investor is becoming plead(opens in new tab) Musk found himself distracted by his social media acquisition, Twitter, to focus on his EV company.In fact, Musk had his final moments before Tesla’s big first-ever event reply(opens in new tab) For Twitter users like right-wing influencer @Catturd2.
over it, new report Investor Concern About Where Musk Is Spending His Time As Tesla CEO Seeks To Jump Into The Latest Tech Trends By Building An Artificial Intelligence Lab To Create Its Own AI Chatbot Platform may increase further.
