Tesla CEO Elon Musk tweeted Wednesday that he’ll current the long-awaited and infrequently teased Grasp Plan 3 throughout the firm’s investor day March 1.
Tesla’s investor day can be held on the firm’s Gigafactory Texas situated close to Austin. The occasion can be reside streamed. Among the firm’s institutional and retail traders can be invited to attend in individual, in line with the corporate. Traders will be capable to see its manufacturing line and talk about subjects like the corporate’s long-term growth plans, era 3 platform and capital allocation with its management group, according to the company.
Musk first hinted concerning the Master Plan 3 final March with obscure targets to scale operations at Tesla to “excessive dimension.” He additionally leaned into themes like AI and famous that this subsequent stage within the plan would come with his different firms SpaceX and The Boring Firm. Later within the yr, Musk revealed extra particulars about his Grasp Plan half three. Per a companywide assembly, the plan’s raison d’etre is: “How do you get to sufficient scale to really shift the complete vitality infrastructure of earth?”
The most recent replace got here Wednesday.
“Grasp Plan 3, the trail to a completely sustainable vitality future for Earth can be offered on March 1.”
For the unfamiliar, Musk posted a weblog on Tesla’s web site in 2006, outlining what he described as the Master Plan. That plan was 4 steps that kicked off with making a low-volume costly automobile after which utilizing that cash to develop a medium quantity automobile at a cheaper price. Earnings from the medium-volume automobile could be used to create an inexpensive, high-volume automobile. And at last, the plan ended with “present solar energy.”
Some quibble with the success of the Grasp Plan, mentioning that Tesla didn’t use earnings to fund the Mannequin 3 (it was unprofitable on the time) and that its excessive quantity automobile shouldn’t be inexpensive. However Tesla did produce the Roadster, after which the Mannequin S and X (the medium quantity automobile) and at last the Mannequin 3, which can nonetheless value greater than $50,000 however has confirmed to be a excessive quantity vendor.
Half two, or Part Deux as it’s named, got here in 2016 with a plan to”create beautiful photo voltaic roofs with seamlessly built-in battery storage,” increase Tesla’s EV product line to handle all main segments, develop self-driving functionality that’s 10x safer than handbook. Lastly, the plan promised homeowners would be capable to leverage that self-driving into trip sharing so they might earn money on their automobile once they’re not utilizing it.
Tesla has not ticked all of the packing containers partly deux. The Cybertruck, which presumably is a part of the plan to increase the EV product line, has but to launch, its superior driver help system regardless of the branding shouldn’t be self driving and consequently, homeowners can’t flip their automobiles into robotaxis that generate cash.
Evidently Musk is able to transfer onto to Half 3 anyway.