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Tesla Investors Day: Elon Musk plans to reveal Master Plan 3

Elon Musk, Tesla’s CEO, tweeted about holding the company’s first Investor Day event. On March 1st, the event will take place at Tesla’s Gigafactory in Austin, Texas. Musk has said  in his tweet the event is for “people and life of earth,” adding that “it will be a message of good hope & positivity for the future.”

Musk previously blogged about Master Plan 1 and Master Plan 2, and he is set to reveal “Master Plan 3” at the Investor Day Event. Musk stated in a tweet that Master Plan 3 is focused on sustainable energy. “Master Plan 3, the path to a fully sustainable energy future for Earth will be presented on March 1. The future is bright!” Musk tweeted.

The tweet appears to allude to Tesla’s efforts to promote renewable energy, with a focus on solar power.

Tesla recently tweeted a GIF with the caption “Tesla ecosystem: energy generation, energy storage, and electric vehicles.” The GIF showed a Tesla car plugged into a house with a solar panel, implying Tesla’s push into the energy business. Solar power, on the other hand, is not a new addition; it was also included in the Master Plan Deux. Previously, the EV manufacturer acquired SolarCity.

A report by The Verge suggests that Tesla’s solar roof installations have been slow going, and revenue from the company’s home energy business remains around 5 percent.

According to The Verge, Musk predicted in a recent earnings call that a fleet of self-driving ‘robo-taxis’ will be mass-produced by the beginning of 2024. Tesla CEO Elon Musk also stated that the company has “made significant progress” on the autonomous taxi.

Previously, Musk predicted at the company’s first AI Day in 2019 that a “million” Tesla robot axis would be on the road by 2020. Musk has stated that Tesla will eventually have a $25,000 electric car, but he has not specified a date for its release. According to The Verge, analysts have questioned that figure, claiming that supply chain conditions have changed since Musk made the prediction.

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Musk has previously stated Tesla’s goal of producing two cars for the price of one Model 3. Tesla, on the other hand, does not intend to sell the electric vehicle for half the price of the Model 3. The sole goal is to make the manufacturing process more efficient and cost-effective. Musk unveiled the Cybertruck on November 21, 2019, and production models have recently been spotted in Fremont.

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Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.
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