Tesla Inc Chief Executive Elon Musk teased a “Master Plan 3” for the electric-vehicle maker on March 1, nearly a year after he first tweeted about the blueprints.
Musk said late Tuesday that details would be disclosed at Tesla’s TSLA.
Investor Day is scheduled to take place on March 1 at the company’s Texas headquarters.
Chris McNeely, an analyst at Evercore ISI, said “we suspect their plan will dovetail with Tesla’s 2016 Master Plan 2”, referring to robotaxis, shared rides to reduce driving miles, “megapack” batteries and recycling target.
Musk tweeted on March 16 that he was “working” on the plan:
Musk released a second master plan in March 2016, promising something that fell short of reality.
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Tesla still doesn’t have an electric bus, for example, and the base trim of its cheapest electric vehicle, the Model 3 sedan, starts at $43,500. Tesla said in January that a “next generation” vehicle platform is in the wings.
Part 2 also covers some of the autonomy and car-sharing goals that haven’t been met.
The first plan, from 2006, It outlined Tesla’s strategy of starting with a pricey and highly desirable sports car as a springboard for more affordable EVs in the future.
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Autopilot and full self-driving, Tesla’s advanced driver-assistance systems for highway and urban driving, are under investigation by multiple state and federal agencies. Tesla “robotaxis,” shared driverless cars, are also not yet available.
Consumer Reports recently ranked Autopilot “Middle of the pack” in autonomy while delivering high marks on Ford Motor Co.’s F
at BlueCruise and GM of General Motors Co.,
Supercruise.
Consumer Reports said, “Tesla hasn’t changed much of Autopilot’s basic functionality since it first came out, instead adding more features.”
For all ADAS, Consumer Reports cautioned that driver attention is required at all times, adding that “cars that can truly and safely drive themselves remain a long way off.”
Tesla shares have declined 35% over the past 12 months, compared to a loss of about 9% for the S&P 500 index. spx,
Credit: www.marketwatch.com /