Tesla CEO Elon Musk recently spoke at the Tesla Investor Day in Austin, Texas, where he discussed his “master plan” for a sustainable energy future. He believes that the transition to a sustainable energy economy is possible and will happen in our lifetime. Mr. Musk outlined ways to make this happen, including the use of renewable power, electric vehicles, heat pumps, and sustainable fuel for planes. During the event, Mr. Musk hinted at the possibility of new Tesla vehicles being released in the year ahead. He presented a slide that showed two disguised future models, and executives confirmed that the Cybertruck pickup would also be released this year.
Tesla has become the world’s most valuable car company, and Mr. Musk has aspirations of cracking the mass market and turning the EV maker into a company that can create a more climate-friendly world. He previously hoped to introduce a $25,000 Tesla, making the vehicle accessible to millions of drivers. However, he has put this on hold as he has not yet figured out the battery technology that would make producing the third-generation model possible.
Mr. Musk has also teased the idea of a robotaxi, a fully autonomous vehicle that would allow Tesla drivers to make money by turning their vehicles into robotaxis when they are not using them. During the event, executives spoke about technology that would allow Tesla owners to “share” their vehicles with others through texts and the Tesla app.
Mr. Musk’s latest master plan follows two others previously unveiled, the ambitions of which, such as “true self-driving,” remain unachieved. He has set a goal of selling 20 million electric vehicles annually by 2030, but the company’s four factories only produce 1.9 million a year. Tesla has four car factories, in Texas, California, China, and Germany. During the event, Mr. Musk also briefly discussed AI and the prospect of humanoid robots after showing a video of his highly anticipated Tesla Optimus. He claimed that Tesla has the most advanced real-world AI.
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