Elon Musk offered Tesla’s much-hyped “Grasp Plan 3″ on Wednesday, within the firm’s first “investor day” livestream. However, as a substitute of showing a brand new Tesla mannequin, specifying the date of the repeatedly delayed cybertruck launch, introducing a extra reasonably priced electrical automobile (as beforehand promised), or asserting some important development within the firm’s previous robotaxi plans, Musk and co took a unique 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 completely 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 principally no commitments in any respect.
For Plan 3, Musk took to the stage to speak concerning the feasibility of Earth’s vitality transition. The CEO made some large, sweeping, optimistic statements and claims a couple of 5-part plan to transition our planet to a sustainable vitality system (so as: electrifying the grid, EV’s, warmth pumps, “inexperienced” hydrogen, electrical boats and planes)—touching briefly and vaguely on Tesla’s varied potential contributions to every side of that plan (perhaps sooner or later, Tesla will make warmth pumps for houses or electrified flying machines!).
Then, the billionaire handed the mic off to a sequence of Tesla engineers who spoke in technical phrases about issues that the corporate has already completed 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 of a $25,000 Tesla mannequin, as some hopeful predictions had forecast. There was numerous description of minimized manufacturing prices and previous modifications to the availability chain and meeting line, however nothing about how that may or gained’t translate to price financial savings for patrons. Two Tesla designers, particularly mentioned the corporate wouldn’t be unveiling its subsequent technology mannequin on the Wednesday occasion, and provided that it as a substitute 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 (allegedly, it will possibly 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 ultimately 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 develop into larger than 1:1 by way of unspecified residence and industrial makes use of, Musk predicted. “It’s not even clear what an economic system means at that time,” the billionaire added.
Then the prolonged (greater than 3-hour) presentation bought again to the uninteresting parade of Tesla execs who’ve hardly ever 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 way of the Bipartisan Infrastructure Regulation. One other was a abstract of why self-driving is essential for sustainability, as a result of autonomous automobiles might serve a couple of proprietor (At this level I involuntarily shouted “Simply construct an electrical bus!” to the almost empty workplace).
Tesla execs did ultimately announce that they’ll offer a limiteless in a single day residence charging possibility for drivers in Texas for $30 a month.
The ultimate section of the ready presentation centered on numbers, earnings, working margins, and different issues the corporate had already shared with traders in its January shareholder report.
Value noting: regardless that Musk and his firm cronies provided almost nothing new, even the little they did say is likely to be utter bullshit. The entire presentation began with an extremely comprehensive disclaimer—emphasizing that you shouldn’t, actually, assume the issues that Musk says are true.
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