On Wednesday, March 1, Tesla held its first ever Investor Day(Opens in a brand new tab) occasion at its Gigafactory in Austin, Texas, and firm CEO Elon Musk unveiled his third huge “grasp plan.” Mainly that is meant to be the place the billionaire sees Tesla heading over the following seven to 10 years.
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“Alright, so, Grasp Plan Half 3,” Musk stated, after he was launched to the stage.
“There is a clear path to a sustainable power earth with abundance,” he continued. “It doesn’t require us to destroy habitats, it doesn’t require us to be austere like cease utilizing electrical energy or something…”
Musk and Tesla government Drew Baglino then proceeded to run down what the corporate believes is important to maneuver to a very sustainable economic system inside the subsequent few a long time.
A “huge quantity of battery power storage” is required however not at present accessible at scale, Musk defined. Nevertheless, Musk believes that the world might be powered with clear power by 2050 with an funding of $10 trillion in manufacturing and battery power storage.
The massive takeaway is that Tesla is engaged on “subsequent technology” electrical automobiles to additional facilitate these plans. Nevertheless, there wasn’t a lot supplied when it comes to particulars.
One other fascinating tidbit: the 4 millionth Tesla car was manufactured on the morning of the occasion.
What was in previous Tesla grasp plans?
Musk’s third part in his grasp plan has a broader focus than his earlier iterations.
For instance, in Musk’s first grasp plan, specified by a 2006 weblog submit(Opens in a brand new tab), the corporate had reasonable goals similar to making a living off a single automobile, the Roadster, as a way to reinvest in constructing extra reasonably priced traces just like the Mannequin S, Mannequin 3, and Mannequin Y.
As for Musk’s second grasp plan in 2016, Musk shared extra strong concepts for Tesla, a lot of which haven’t come to fruition. Aptly known as Grasp Plan Half Deux(Opens in a brand new tab), the Tesla CEO shared his imaginative and prescient for a self-driving car that could possibly be rented out to others once you weren’t utilizing the automobile. The Tesla would actually drive itself to a renter’s pick-up level and the Tesla’s proprietor would be capable to become profitable. Clearly this hasn’t occurred. Neither has the “excessive passenger-density city transport” talked about within the 2016 grasp plan. And whereas the promised “heavy-duty truck” seems to ultimately be on the best way within the type of the Cybertruck, it has been 7 years and it is nonetheless not available on the market fairly but.
What does Musk say Tesla shall be as much as within the coming years?
Whereas not on the similar scale as earlier grasp plans, half three did present a little bit of Musk’s now-classic prognosticating.
In accordance with Musk, the auto business will ultimately transfer to “full electrical and autonomous.” He stated that using a non-autonomous gasoline car shall be “analogous to using a horse and utilizing a flip telephone.”
As for brand spanking new merchandise, Musk defined that warmth pumps are an vital half within the transfer to sustainable power and whereas Tesla would not have any plans proper now, “sooner or later, we’d make a warmth pump for a house,” stated Musk.
There was additionally a brand new have a look at Tesla’s robotic through a video. The robotic was constructing one other bot and transferring somewhat slowly, inflicting Musk to make a reference to Boston Dynamics’ spectacular robotics.
“It is clearly not doing Parkour,” he stated.
And, there was a quick point out about going to Mars! Musk stated we “hope to get there sooner or later,” which is sort of a distinction from Musk’s estimated(Opens in a brand new tab) 10 12 months timeframe that he made again in 2011.
The place’s the Tesla merchandise?
On Musk-owned Twitter, customers appeared fairly disillusioned with Investor Day. The one actual timeline supplied got here when Cybertruck was talked about, which based on the corporate, shall be accessible later this 12 months.
Tesla inventory additionally dropped(Opens in a brand new tab) throughout the occasion.
There was buzz(Opens in a brand new tab) earlier than the occasion about presumably new, reasonably priced Tesla EVs being unveiled. There was additionally hope that there could be information a few robotaxi. Musk had stated in 2020 that Tesla would have a fleet of 1,000,000 robotaxis in use. As of 2023, the corporate would not have any.
Musk himself spent his time off-stage tweeting about non-Tesla associated issues. Whereas different executives have been presenting, Musk weighed in(Opens in a brand new tab) on a clip about Russia’s warfare in Ukraine. He additionally reminisced(Opens in a brand new tab) in regards to the time former cable information host Keith Olbermann needed to tweet from his canine’ Twitter account after he was quickly suspended from the platform.
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Over the previous few months, Tesla buyers have been pleading(Opens in a brand new tab) with Musk to give attention to his EV firm, believing he is been distracted by his social media acquisition, Twitter. The truth is, Musk spent the ultimate moments earlier than Tesla’s huge first time occasion replying(Opens in a brand new tab) to Twitter customers like proper wing influencer @Catturd2.
On prime of that, a brand new report is more likely to additional buyers’ considerations about the place Musk is spending his time, because the Tesla CEO is trying to bounce into the most recent tech pattern by constructing a synthetic intelligence lab as a way to create his personal AI chatbot platform.