Elon Musk, the CEO of Tesla, will present the third component of the “Master Plan” on March 1 during the company’s first investor day. Scaling up the supply chain for the auto industry, which includes the materials and parts used to make batteries, will be a key part of this plan. The company’s next-generation vehicle platforms will be covered in detail at the upcoming investor day, which will take place at Tesla’s gigafactory in Texas. Musk says that these platforms will make it possible to make cars that cost half as much as the ones Tesla makes now.
Tesla will also go over its long-term growth strategies, capital allocation, and other topics. In terms of stock performance, Tesla had a difficult year in 2022. Which some attribute to Musk selling shares to pay for his acquisition of Twitter. Other shareholders losing faith in his commitment to the automaker. Additionally, Tesla’s sales growth fell short of some investors’ expectations. Musk revealed his “secret master plan” in 2006, which included the development of a reasonably priced electric vehicle. The least expensive Tesla model is currently available in the US for $43,490. Musk unveiled his “Master Plan, Part Deux” in 2016, which included “true self-driving” and bringing electric vehicles to all key market segments. According to Musk’s 2016 plan.
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Tesla drivers would be able to sleep, read, or engage in any other activity while travelling to their destination. While earning money from renting out their autonomous vehicles when not in use. However, Musk admitted that Tesla had fallen short of its goals for achieving self-driving technology in October 2022. That the company’s vehicles were not yet ready to operate without a human driver. Despite these setbacks, Tesla is still a major force in the electric vehicle industry and has advanced sustainable transportation significantly. The company’s future plans and how they will continue to influence the automotive industry. They will be revealed at the upcoming investor day.