Elon Musk lays out his imaginative and prescient for Tesla’s future on the firm’s Investor Day 2023

Tesla’s manufacturing capacities are in retailer for a big progress spurt, CEO Elon Musk advised the gang assembled on the firm’s Austin, Texas Gigafactory for Investor Day 2023 — and AI will apparently be the magic bullet that will get them there. It is all a part of what Musk is asking Grasp Plan half 3.

That is certainly Musk’s third such Grasp Plan, the primary two coming in 2006 and 2016, respectively. These have served as a roadmap for the corporate’s progress and growth over the previous 17 years as Tesla has grown from neophyte startup to the world’s main EV automaker. “There’s a clear path to a sustainable vitality Earth and it doesn’t require destroying pure habitats,” Musk stated through the keynote handle. 

“You may assist a civilization a lot larger than Earth [currently does]. Way more than the 8 billion people may truly be supported sustainably on Earth and I am simply typically shocked and shocked by how few folks notice this,” he continued.

The Grasp Plan goals to ascertain a sustainable vitality economic system by creating 240 terraWatt hours (TWH) of vitality storage and 30 TWH of renewable energy technology, which might require an estimated $10 trillion funding, roughly 10 % of the worldwide GDP. Musk notes, nonetheless, that determine is lower than half of what we spend presently on inner combustion economic system. In all, he anticipates we might want lower than 0.2 % of the world’s land space to create the required photo voltaic and wind technology capability. 

“All vehicles will go to totally electrical and autonomous,” Musk declared, arguing as soon as once more that ICE autos will quickly be considered in the identical disdain because the horse and buggy. He additionally teased potential plans to impress plane and ships. “As we enhance the vitality density of batteries, you’ll see all transportation go totally electrical, excluding rockets,” he stated. No additional particulars as to when or how that is likely to be completed had been shared.

“A sustainable vitality economic system is inside attain and we should always speed up it,” Drew Baglino, Tesla’s SVP of Powertrain and Power Engineering, added.

Following Musk’s opening assertion, Tesla executives Lars Moravy and Franz von Holzhausen took the stage to debate the corporate’s “manufacturing hell” and the challenges of constructing the Cybertruck out of chrome steel. Nonetheless, the teachings realized from that, Moravy argued will assist Tesla construct its Gen 3 autos extra effectively, and accomplish that inside a much smaller manufacturing unit footprint. von Holzhausen introduced to a rousing spherical of applause that the Cybertruck will arrive later this 12 months, a considerably nearer date than Musk’s earlier public estimate that production wouldn’t begin until next year. Sadly, there can be no new car reveal at this occasion, von Holzhausen stated, that announce will occur “at a later date.”  

Creating…