Expectations for Tesla’s Investors Day were high. Elon Musk would present the big Tesla’s New Master Plan for the next few years here, so expectations jumped. The main thought? A new car, of course! So that was nasty. While people hoped for a cheaper Tesla to make the brand more accessible, Elon Musk’s masterpiece turned out to be something else—his big mission: the end of fossil fuels.
Tesla’s New Master Plan
The focus of the meeting was more on the big picture than on a new four-wheeler (despite one that has been expected for years ). Nothing was wrong with that, but the company’s shares sank anyway. Instead, Tesla advocated a rapid transition to electric alternatives to fossil fuels. Electric devices made by Tesla, of course.
The sooner we switch to sustainable energy, the better, of course. According to Elon Musk, batteries in both cars and storing solar energy (so it can be used again at night) would be the fastest way to move to a sustainable world. Heat pumps and hydrogen would also be part of Tesla’s New Master Plan.
Elon Musk states that they have done some calculations at Tesla. It came out that it would cost about 10 billion dollars to usher in this change. Of this, 70 percent would go to electric vehicles. According to Musk, the earth will switch to sustainable energy in our lifetimes. “Today is not just for Tesla investors, but everyone who invests in the Earth.”
What Will Tesla Do Now?
Despite the disappointment of no new car tearing onto the podium, Tesla still had something to say about what they were doing. For example, the company could produce the front and rear of their cars separately to reduce production costs by up to 50 percent.
While the electric car market is becoming increasingly competitive, Elon Musk doesn’t seem to worry. Lowering prices has only increased interest in Tesla vehicles.
