Elon Musk has unveiled his “third part of the master plan” to make the company profitable.
The first of these was a article published on August 2, 2006 where he explained the general strategy of what at that time was a startup.
second master plan
After that, Elon Musk released master plan part 2 in july 2016. In it he expands on Tesla’s ambitions for the future:
– Create solar panels with integrated batteries developed by Tesla.
– Expand the vehicle production line and thus develop accessible options for all segments.
– Develop autonomous driving systems that are 10 times safer than manual driving.
– Make a car generate money while the user is not using it.
this second part It hasn’t been as successful as the first. Solar panels have been sold, but business has not yet developed as expected. The second point is the one that has been developed the most. Tesla currently offers four models, although there is still a long way to go to be able to satisfy all segments.
The fully automated driving system is in beta testing phase, only works on USA and Canadafor a small group of drivers.
And allow the car to make money while not in use would mean enabling a fleet of vehicles robotic, and most likely it will happen in more than ten years.
third master plan
However, Elon Musk announced in Twitter who is working on the third part of Tesla’s master plan. This will be a commitment to the development of new technologies and efforts within the company, as has been the case with previous releases.
The third part of the master plan, based on corporate strategies, revealed by Elon Musk himself during the last 18 months, will focus on:
– Development of artificial intelligence capabilities.
– Use of this artificial intelligence for the Tesla Bot.
– Fully autonomous driving of their cars.
– Expand the production of electric vehicles in much larger quantities than the current one.
The fourth point is what the CEO of Tesla revealed part of his Twitter account: “The main focus will be scaling to extreme size, that is necessary to move humanity away from fossil fuels, and the development of artificial intelligence,” he explained: “It will also include sections on SpaceX and The Boring Company.”
“Scaling to extreme size in vehicle production” would mean producing a car at low cost
To be able to scale production to a huge scale, in his words, does not mean just significantly increasing current or future production lines. It is also about launch a much cheaper vehicle to increase the demand for electric cars.
Although the second part of the master plan is not complete, the first one is. Furthermore, Elon Musk and Tesla have the most influence in the automotive market as a whole.
The industry faces not only the introduction of the internal combustion engine car, but also the challenge of large-scale electrification.
Lastly, Teslas, even with recent price increases, continue to be in high demand, And that’s part of the reason Elon Musk is being urged to ramp up production of the brand’s cars. To open gigafactory in Berlin and Austin it will help the business later, but it will not be enough. You will see how he handles this in the future when he releases the final version of the part 3 master plan for Tesla.