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 unveiling a brand new Tesla mannequin, specifying the date of the repeatedly delayed cybertruck launch, introducing a extra inexpensive electrical automobile (as beforehand promised), or saying some important development within the firm’s previous robotaxi plans, Musk and co took a unique method. They supplied nearly no new details about Tesla merchandise.
Within the firm’s earlier, 2017 “Grasp Plan, Half Deux,” Musk promised some large issues 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 silly Las Vegas Loop—a glorified single lane tunnel. Re: robotaxis, Tesla’s “Full Self-Driving” tech stays very removed from being absolutely self driving.
This time, the corporate appeared to again away from its previous technique of constructing commitments it doesn’t preserve, by providing principally no commitments in any respect.
For Plan 3, Musk took to the stage to speak in regards to the feasibility of Earth’s power transition. The CEO made some large, 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 side of that plan (possibly 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 automobile fashions. Numerous Tesla staff spoke on the corporate’s design philosophy, streamlined manufacturing technique, driver help, AI-tech, charging stations, and provide chain.
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Nobody supplied any replace on the potential of 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 availability chain and meeting line, however nothing about how that may or gained’t translate to price financial savings for purchasers. Two Tesla designers, particularly stated the corporate wouldn’t be unveiling its subsequent technology mannequin on the Wednesday occasion, and supplied that it as a substitute could 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 will probably stroll now—which it couldn’t in the course of the firm’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—Properly, I feel they’re true, it’s only a matter of timing,” he prefaced, the ratio of humanoid robots to folks will turn out to be larger than 1:1 by 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 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 current Biden Administration necessities for the corporate to obtain federal subsidy cash by the Bipartisan Infrastructure Legislation. One other was a abstract of why self-driving is vital 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 practically empty workplace).
Tesla execs did ultimately announce that they’ll offer a vast in a single day residence 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.
Value noting: though Musk and his firm cronies supplied practically nothing new, even the little they did say is likely to be utter bullshit. The entire presentation began with an extraordinarily complete disclaimer—emphasizing that you shouldn’t, actually, assume the issues that Musk says are true.
