Twitter boss Elon Musk has unveiled a new plan called 'Master Plan 3' to lead Earth towards a more sustainable future.
Part 3 of Tesla's so-called Master Plan about the “path to a
fully sustainable energy future for Earth” will be presented on March 1, Chief
Executive Officer Elon Musk wrote in a Twitter post Wednesday.
The plan has been a while in the making, with Musk tweeting
in March that it was in the works. At last year's Tesla shareholder meeting, he
said the plan would be about shifting the entire global economy to becoming
fully sustainable.
Musk unveiled “Master Plan, Part Deux” in 2016, with pillars
that included producing vehicles in “all major segments,” rolling out fully
self-driving technology as well as a so-called solar roof product, and enabling
owners to rent out their vehicles as part of a “shared fleet.” Those haven't
been fully achieved.
His tweet on Wednesday was viewed 1.6 million times within
45 minutes.
March 1 is Tesla's 2023 Investor Day, which will be held at
the electric-vehicle maker's factory in Texas
Tesla's shares have risen about 1,200 percent since the second plan was released in 2016. But the company has faced challenges recently, not least a run of quarterly deliveries that missed expectations, a growing number of competitors, and concerns over Musk's preoccupation with Twitter Inc. The EV-maker's stock fell 65 percent last year, its first annual decline since 2016.
Master Plan 3, the path to a fully sustainable energy future for Earth will be presented on March 1.
— Elon Musk (@elonmusk) February 8, 2023
The future is bright! pic.twitter.com/11ug0LRlbD
The mood turned more positive again late last month, when Musk said the company could produce 2 million EVs this year and minimize the impact of price cuts on its models. Tesla has said it is on track to build its long-awaited Cybertruck this year, though output will be limited until 2024, according to Musk.
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