Tesla CEO Elon Musk is scheduled to share the most recent piece of the company’s Master Plan on March 1st, during the company’s first-ever investor day event. The event, which will take place at the gigafactory in Texas, will be a pivotal one for Tesla as it looks to restructure its strategy and future goals. Musk first unveiled the Master Plan in 2006, outlining his plans for Tesla’s future as a manufacturer of reasonably priced electric vehicles, but a large portion of the plan is still unrealized. Tesla shares had their worst year to date in 2017, but Tesla and its investors have a lot to gain from the next event.
Tesla’s Master Plan 3, which Musk described as “the path to a truly sustainable energy future for Earth,” will be unveiled on March 1st. Musk announced that the third component of the Master Plan would focus on increasing car manufacturing and the supply chain that supports it. Tesla is also expected to provide information regarding its next-generation vehicle platforms, long-term expansion strategies, capital allocation, and other topics. Musk published the Master Plan, Part Deux in 2016, outlining a four-point strategy for Tesla’s future. Tesla began “pilot production” of its Semi heavy duty electric vehicles last year, while the launching of its Cybertruck pickup pickups is anticipated for 2023.
Tesla’s 2016 plan was to allow drivers to do whatever they want while traveling to their destination and earn money by renting out their autonomous cars when they are not in use. However, Musk claimed that the vehicles weren’t prepared for genuine self-driving capabilities in October of last year. The forthcoming investor day event will provide Tesla with the chance to outline its future plans and reassure investors that it will meet its objectives. Investors and the general public will have a better understanding of Tesla’s direction and potential for growth once the Master Plan 3 is made public.
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