Tesla CEO Elon Musk unveiled the company’s plans for a fully sustainable energy future at its 2020 Investing Day event. The plan includes an increased focus on solar energy, energy storage, and energy efficiency. Musk also highlighted the company’s progress on its electric vehicle production, autonomous driving technology, and battery technology. He stated that Tesla will continue to strive to reduce the cost of energy and create a more sustainable future. The company also plans to expand its presence in China and Europe.
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On Wednesday, Tesla CEO Elon Musk tweeted that he plans to unveil the “path to a fully sustainable energy future for Earth” at Tesla’s next investor day, scheduled for March 1.
It will be the third instance of Musk’s “master plan,” a long-term strategy for Tesla that Musk first announced in 2006 (opens in a new tab).
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In the first part of the master plan, Musk outlined his plan to scale Tesla, beginning with the production of a high-performance electric car (that was the original Tesla Roadster) and then using the profits to scale production of a more affordable family sedan (that was the Tesla Model S) and then use the profits to build an even more affordable electric car (that was the Tesla Model 3 and Tesla Model Y), while providing zero-emission photovoltaic power generation options for Solarcity, a company later acquired by Tesla.
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In the second instance of the master plan, unveiled in 2016, Musk said the company plans to continue expanding its electric vehicle product line, create solar rooftops with seamlessly integrated battery storage, and develop self-driving capabilities “that are 10 times safer than manual.” “
It’s worth pausing here to note that while the first part of the master plan worked more or less as Musk envisioned, the second part lagged behind. Tesla is selling solar roofs, but not nearly enough to make a big dent in the U.S. power generation landscape, and Tesla cars have some self-driving capabilities, but they’re still a long way from being able to drive you around safely on their own. Pending autonomous driving and regulatory approval, the final part of Musk’s second master plan, designed to allow Tesla cars to become robotic taxis to make money for their owners, currently seems years away at best.
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Musk tweeted about Master Plan Part 3 for one year (Opens in a new tab), but hasn’t revealed too many details yet. But when we talk about a “fully sustainable energy future for the earth”, it has to be something big and global, right?
The event, which will be held at Tesla’s Giga Texas factory near Austin, Texas, was announced in January. It will be streamed live, although some Tesla investors will also be in attendance. “Our investors can see our most advanced production line and discuss long-term expansion plans, Generation 3 platform, capital allocation and other topics with our leadership team,” the company said in an announcement (opens in a new tab). .
Source: mashable.com
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