Tesla CEO Elon Musk murmured At the company’s Investor Day on March 1st, it will unveil its long-awaited and often teased Master Plan 3.
Tesla’s Investor Day will be held at the company’s Gigafactory Texas near Austin. The event will be live streamed. The company said some of its institutional and individual investors will be invited to attend in person. Investors can view the production line and discuss topics such as the company’s long-term expansion plans, third-generation platforms, and capital allocation with management, the company said.
Musk first hinted at Master Plan 3 last March, giving a vague goal to grow his business at Tesla to “extreme scale.” He’s also leaned into subjects like AI, and said this next phase of the plan will include his other companies, his SpaceX and The Boring Company. Later that year, Musk revealed details of Part 3 of the Master Plan. According to the company-wide meeting, the plan’s raison d’être is:
The latest update was made on Wednesday.
“Master Plan 3, the path to a fully sustainable energy future for our planet, will be unveiled on March 1.”
For those unfamiliar, Musk posted a blog post on Tesla’s website in 2006 outlining what he called the master plan. The plan was his four steps of creating an expensive car in small quantities and using the funds to develop a low-cost midsize car. Profits from midsize cars are used to build affordable mass-produced cars. And finally, the plan ended with “Provide solar power”.
As for the success of the master plan, some point to Tesla’s failure to use its profits to finance the Model 3 (which was unprofitable at the time) and the unaffordability of its mass-produced vehicle. increase. But Tesla produced the Roadster, then the Model S and Model X (mid-volume cars), and finally the Model 3.
Part Two, or as the name suggests, Part Deux, will expand Tesla’s EV product line into all major segments in 2016 with plans to “create a stunning solar roof with seamlessly integrated battery storage.” It started with a plan to expand to accommodate and develop self-driving capabilities that are 10x safer. From manual. Finally, the plan promised that owners could leverage its self-driving for ridesharing, so they could make money with their vehicles when they weren’t in use.
Tesla hasn’t ticked all the boxes in part. The Cybertruck, which is believed to be part of a plan to expand its EV product line, has yet to launch and, despite being branded, its advanced driver assistance systems are not self-driving. and as a result, owners cannot turn their vehicles into money-generating robo-taxis.
Either way, Musk seems ready to move on to Part 3.
