Elon Musk offered Tesla’s much-hyped “Grasp Plan 3″ on Wednesday, within the firm’s first “investor day” livestream. However, as an alternative of showing a brand new Tesla mannequin, specifying the date of the repeatedly delayed cybertruck launch, introducing a extra inexpensive electrical automobile (as beforehand promised), or asserting some important development within the firm’s previous robotaxi plans, Musk and co took a special method. They provided nearly no new details about Tesla merchandise.
Within the firm’s earlier, 2017 “Master Plan, Part Deux,” Musk promised some big things like electrified “excessive passenger-density city transport” and a totally autonomous Tesla fleet of robotaxis. Neither of which has come near current within the intervening years. As a substitute, the corporate pivoted away from any earnest precise mentions of mass transit innovation and delivered the infamously stupid Las Vegas Loop—a glorified single lane tunnel. Re: robotaxis, Tesla’s “Full Self-Driving” tech remains very far from being fully self driving.
This time, the corporate appeared to again away from its past strategy of making commitments it doesn’t keep, by providing mainly no commitments in any respect.
For Plan 3, Musk took to the stage to speak concerning the feasibility of Earth’s power transition. The CEO made some huge, sweeping, optimistic statements and claims a couple of 5-part plan to transition our planet to a sustainable power system (so as: electrifying the grid, EV’s, warmth pumps, “inexperienced” hydrogen, electrical boats and planes)—touching briefly and vaguely on Tesla’s numerous potential contributions to every facet of that plan (perhaps someday, Tesla will make warmth pumps for properties or electrified flying machines!).
Then, the billionaire handed the mic off to a collection of Tesla engineers who spoke in technical phrases about issues that the corporate has already executed and demonstrated in its earlier car fashions. Varied Tesla workers spoke on the corporate’s design philosophy, streamlined manufacturing technique, driver help, AI-tech, charging stations, and provide chain.
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Nobody provided any replace on the potential for a $25,000 Tesla mannequin, as some hopeful predictions had forecast. There was plenty of description of minimized manufacturing prices and previous adjustments to the provision chain and meeting line, however nothing about how that may or received’t translate to value financial savings for purchasers. Two Tesla designers, particularly mentioned the corporate wouldn’t be unveiling its subsequent era mannequin on the Wednesday occasion, and provided that it as an alternative can be revealed at an unspecified later date.
Musk briefly re-appeared to mumble some stuff whereas a video of the corporate’s Optimus humanoid robotic performed on the display screen (allegedly, it could actually stroll now—which it couldn’t during the company’s AI day presentation in fall 2022). Throughout this AI-focused interlude, the world’s richest man forecast a future the place humanoid robots finally outnumber folks. “Assuming the issues I’m saying are true—Nicely, I feel they’re true, it’s only a matter of timing,” he prefaced, the ratio of humanoid robots to folks will turn into better than 1:1 by unspecified house and industrial makes use of, Musk predicted. “It’s not even clear what an financial system means at that time,” the billionaire added.
Then the prolonged (greater than 3-hour) presentation obtained again to the uninteresting parade of Tesla execs who’ve not often made previous public appearances. For context: One of many ‘improvements’ introduced was shifting to open entry chargers which is definitely simply Tesla aligning itself with recent Biden Administration requirements for the corporate to obtain federal subsidy cash by the Bipartisan Infrastructure Regulation. One other was a abstract of why self-driving is vital for sustainability, as a result of autonomous automobiles may serve multiple proprietor (At this level I involuntarily shouted “Simply construct an electrical bus!” to the practically empty workplace).
Tesla execs did finally announce that they’ll offer a limiteless in a single day house charging possibility for drivers in Texas for $30 a month.
The ultimate phase of the ready presentation centered on numbers, earnings, working margins, and different issues the corporate had already shared with buyers in its January shareholder report.
Price noting: despite the fact that Musk and his firm cronies provided practically nothing new, even the little they did say may be utter bullshit. The entire presentation began with an extremely comprehensive disclaimer—emphasizing that you shouldn’t, in reality, assume the issues that Musk says are true.
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