Elon Musk, CEO of Tesla, told an audience gathered inside the company’s Austin, Texas Gigafactory for Investor Day 2023 that the company’s production capacity are set for a large increase — and AI will allegedly be the magic bullet that gets them there. It’s all part of what Musk refers to as Master Plan 3.
Musk’s third Master Plan, with the prior two arriving in 2006 and 2016, respectively. They have acted as a road map for Tesla’s growth and development over the last 17 years, as the firm has progressed from a fledgling startup to the world’s top EV carmaker.”There is a clear path to a sustainable energy Earth by 2050 and it does not require destroying natural habitats,” Musk stated during his keynote talk.
“You could support a civilization much bigger than Earth [currently does]. Much more than the 8 billion humans could actually be supported sustainably on Earth and I’m just often shocked and surprised by how few people realise this,” he added. After the event, he pledged that the business will issue a “full whitepaper with calculations & assumptions” through Twitter.
The Master Plan intends to create a sustainable energy economy by constructing 240 terawatt hours (TWH) of energy storage and 30 TWH of renewable power generation, which would need a $10 trillion investment or nearly 10% of the world’s GDP. Musk points out, however, that this sum is less than half of what we now spend on internal combustion engines. In all, he estimates that less than 0.2 per cent of the world’s land area will be required to develop the requisite solar and wind-producing capacity.
Main Tesla subjects will be scaling to extreme size, which is needed to shift humanity away from fossil fuels, and AI.
But I will also Include sections about SpaceX, Tesla and The Boring Company.
— Elon Musk (@elonmusk) March 21, 2022
“All cars will be fully electric and autonomous,” Musk claimed, claiming that ICE vehicles would eventually be regarded with the same scorn as the horse and buggy. He also hinted at prospective intentions to electrify planes and ships. “With the exception of rockets, you’ll see all transportation go fully electric as we improve the energy density of batteries,” he stated. There were no more specifics provided as to when or how this may be achieved.
“A sustainable energy economy is within our grasp, and we must accelerate it,” said Drew Baglino, Tesla’s SVP of Powertrain and Energy Engineering.
Following Musk’s introductory remarks, Tesla execs Lars Moravy and Franz von Holzhausen joined the stage to explain the company’s “production hell” and the obstacles of producing the stainless steel Cybertruck. Nonetheless, Moravy believes that the lessons acquired will help Tesla construct its Gen 3 vehicles more effectively and in a much smaller production footprint. After a loud wave of applause, von Holzhausen said that the Cybertruck will arrive later this year, a substantially earlier date than Musk’s prior public prediction that production would not begin until next year.
Regrettably, there will be no new car announcements at this occasion, according to von Holzhausen. That announcement will take place “at a later date.”
The business did tease a new film in which the Tesla Robot walks autonomously and without the use of a support frame, however no live demonstration was provided. Despite issues finding adequate off-the-shelf actuators and motors for the humanoid robot platform, “we should bring and real manufacture to market at scale that is useful considerably faster than anyone else,” Musk stated.
He also believes that the company’s robots will become so successful that they would soon outnumber humans. “I believe we may get beyond a one-to-one robot-to-human ratio,” he continued. “At that point, it’s not even clear what an economy means.”
