Elon Musk: Tesla's overall plan being developed is set to be epic
Tesla is formulating the company's overall plan 4. Musk stated that the Tesla Master Plan series is a core element of Tesla's long-term bull market theory. Master Plan 1 includes manufacturing high-end all-electric sports cars, affordable electric vehicles, solar power options, etc. Master Plan 2 requires integrating power generation and storage, developing autonomous driving capabilities. Master Plan 3 includes expanding production, developing artificial intelligence capabilities, etc. Tesla closed up 5.30%, Lucid Group closed up 3.57%, Rivian Automotive closed up 0.74%
According to the financial news app Zhitong Finance, Elon Musk stated on the social networking site X that Tesla (TSLA.US) is formulating the company's overall plan 4. Over the past 18 years, Tesla's overall plan series has been a core element of Tesla's long-term bull market theory.
In 2006, Tesla first announced "Overall Plan 1," which includes: (1) Manufacturing high-end all-electric sports cars (Roadster) to fund development; (2) Using revenue to manufacture affordable electric vehicles (Model S/X); (3) Using this funding to manufacture more affordable electric vehicles (Model 3/Y); (4) Providing solar power options (acquiring SolarCity). The ultimate goal is to create a vertically integrated company that manufactures electric vehicles, batteries, and solar panels to achieve a sustainable energy ecosystem.
In 2016, Tesla released Overall Plan 2, which requires: (1) Integrating SolarCity's power generation and storage into Tesla; (2) Expanding to cover major ground transportation forms (cars, trucks, buses); (3) Developing autonomous driving capabilities that are 10 times safer than manual driving; (4) Allowing cars to earn money for users continuously when not in use (Tesla Network). It is said that the plan aims to create a company that integrates sustainable energy production, storage, and transportation.
Overall Plan 3 disclosed in 2023 includes: (1) Expanding Tesla's production to "maximum scale" to accelerate the transition away from fossil fuels; (2) Developing advanced artificial intelligence capabilities for fully autonomous driving and other applications; (3) Expanding into new markets such as heating, industrial processes, and long-haul heavy transport.
On the previous trading day, Tesla closed up 5.30%, Lucid Group (LCID.US) closed up 3.57%, and Rivian Automotive (RIVN) closed up 0.74%