Home Startup Here is when Tesla CEO Elon Musk will lastly reveal his Grasp Plan 3 • TechCrunch

Here is when Tesla CEO Elon Musk will lastly reveal his Grasp Plan 3 • TechCrunch

Here is when Tesla CEO Elon Musk will lastly reveal his Grasp Plan 3 • TechCrunch


Tesla CEO Elon Musk tweeted Wednesday that he’ll current the long-awaited and sometimes teased Grasp Plan 3 through the firm’s investor day March 1.

Tesla’s investor day might be held on the firm’s Gigafactory Texas positioned close to Austin. The occasion might be stay streamed. A number of the firm’s institutional and retail buyers might be invited to attend in particular person, based on the corporate. Traders will be capable of see its manufacturing line and focus on subjects like the corporate’s long-term growth plans, technology 3 platform and capital allocation with its management staff, based on the corporate.

Musk first hinted concerning the Grasp Plan 3 final March with obscure objectives to scale operations at Tesla to “excessive measurement.” 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 your entire power infrastructure of earth?”

The newest replace got here Wednesday.

“Grasp Plan 3, the trail to a completely sustainable power future for Earth might be introduced on March 1.”

For the unfamiliar, Musk posted a weblog on Tesla’s web site in 2006, outlining what he described as the Grasp 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 lower cost. Earnings from the medium-volume automobile can 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, declaring that Tesla didn’t use income to fund the Mannequin 3 (it was unprofitable on the time) and that its excessive quantity automobile just isn’t 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 Half Deux as it’s named, got here in 2016 with a plan to”create beautiful photo voltaic roofs with seamlessly built-in battery storage,” broaden Tesla’s EV product line to handle all main segments, develop self-driving functionality that’s 10x safer than guide. Lastly, the plan promised homeowners would be capable of leverage that self-driving into trip sharing so they may become profitable 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 broaden the EV product line, has but to launch, its superior driver help system regardless of the branding just isn’t self driving and consequently, homeowners can’t flip their automobiles into robotaxis that generate cash.

Plainly Musk is able to transfer onto to Half 3 anyway.



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