Elon Musk prepares Tesla Master Plan for March 1 Investor Day

Tesla will present a third version of Elon Musk’s master plan next month, which is expected to give an idea about Cybertruck production timeline and m
...
File photo of Tesla CEO Elon Musk unveiling the Cybertruck in California three years ago. Despite several deadlines and record bookings, the electric pickup truck has not gone into production yet. (Reuters)
File photo of Tesla CEO Elon Musk unveiling the Cybertruck in California three years ago. Despite several deadlines and record bookings, the electric pickup truck has not gone into production yet.

Tesla Inc. will present a third version of Elon Musk’s “master plan" next month, almost a full year after the chief executive officer said he was working on a next edition.

The electric-car maker will outline “the path to a fully sustainable energy future for Earth" during its March 1 investor day, Musk tweeted. Tesla has already said its expansion plans and next-generation platform for cheaper vehicles will be on the agenda.

Also check these Cars

Find more Cars
Tesla Model 3 (HT Auto photo)
UPCOMING
BatteryCapacity Icon82kWh Range Icon 555 km
₹ 70 - 90 Lakhs
Alert Me When Launched
Lexus Es (HT Auto photo)
Engine Icon2487.0 cc FuelType IconMultiple
₹ 56.55 Lakhs
Compare
View Offers
Bmw I4 (HT Auto photo)
BatteryCapacity Icon83.9 kWh Range Icon493 Km
₹ 69.90 Lakh
Compare
Volkswagen Id.7 (HT Auto photo)
UPCOMING
BatteryCapacity Icon77 kWh Range Icon621 Km
₹ 70 Lakhs
Alert Me When Launched
Tesla Model S (HT Auto photo)
UPCOMING
BatteryCapacity Icon75 kWh Range Icon396 km
₹70 Lakhs - 1 Cr
Alert Me When Launched
Hyundai Creta (HT Auto photo)
Engine Icon1497 cc FuelType IconMultiple
₹ 11 Lakhs
Compare
View Offers

Musk first published a master plan for Tesla in 2006, outlining ambitions to build a high-performance sports car and use proceeds from that product to gradually build more affordable electric vehicles. Ten years later, he authored “part deux," which detailed ambitions to build solar roofs, expand into all major auto segments and develop self-driving capability.

Much of the second master plan remains unfinished business. The rollout of the solar roof was a bust, Tesla has just four vehicles in volume production and its cars aren’t autonomous. Tesla’s claims about self-driving capabilities — and Musk’s role in shaping them — are now subject to investigations by the US Justice Department and Securities and Exchange Commission.

Tesla shares have soared more than 1,200% since Musk published the second master plan, though the advance was tempered last year by Musk’s acquisition of Twitter Inc. and lower-than-expected vehicle deliveries. The stock fell 65% in 2022, its first annual decline since 2016.

Tesla shares have risen early this year on optimism that steep price cuts will revive sales growth. Musk said last month the company will aim to produce 2 million cars this year and minimize the affects of price reductions by trimming costs.

The carmaker also expects to make some progress in padding out its lineup with the Semi that it started delivering to customers in December, and the Cybertruck slated to begin limited production later this year.

Check out Upcoming EV Cars in India.

First Published Date: 08 Feb 2023, 16:01 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.