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Elon Musk is working on a new master plan for Tesla

    In 2006, Elon Musk revealed his “master plan” for Tesla, a long-term technique on how the Tesla CEO envisions the corporate creating over the subsequent decade or so. Roughly 10 years later, he revealed the second part of the grasp plan. And now, one other 5 years on, he is engaged on the third instalment.

    This third a part of Musk’s grasp plan hasn’t but been revealed in full, however on Monday, he shared some hints on what it’s going to seem like.

    “Predominant Tesla topics might be scaling to excessive measurement, which is required to shift humanity away from fossil fuels, and AI,” tweeted Musk. “However I may also Embrace sections about SpaceX, Tesla and The Boring Firm.”

    Musk’s grasp plan for Tesla would possibly sound gimmicky nevertheless it’s value being attentive to, on condition that the primary (arguably extraordinarily bold) a part of the grasp plan has largely grow to be actuality

    This is a refresher. In his unique grasp plan, Musk mentioned Tesla’s technique was to start out by constructing a sports activities automobile (the original Tesla Roadster), then use the cash to construct an inexpensive automobile (that was the Model S), then use that cash to construct an much more inexpensive automobile (that was the Model 3). The execution hit a couple of pace bumps alongside the way in which — keep in mind Tesla’s “production hell” and Mannequin 3 delays? — however Tesla finally pulled it off.

    The second a part of the grasp plan hasn’t gone that nicely. It included launching a Tesla Semi truck (in manufacturing, however not out there but), a Solar Roof (out there however with lengthy wait times), and constructing a fleet of fully autonomous vehicles (not there but).

    One factor that has been going nicely, nonetheless, is sales of currently available Tesla models, and it seems that Musk plans to leverage that success to scale the corporate to “excessive measurement.” Tesla is already rising fairly quick — the corporate’s large Texas Gigafactory is ramping up volume, and it is about to start out manufacturing on its first Gigafactory in Europe soon — however the firm beforehand mentioned it plans to supply 20 million cars annually by 2030, so that could be the “excessive” measurement Musk is referring to.

    Additionally, as Electrek points out, Musk mentioning his different firms, together with SpaceX and The Boring Firm, would possibly point out that he is planning to spherical all of them up underneath one massive umbrella firm, corresponding to Alphabet or Meta.