Elon Musk

Elon Musk outlines his vision for Tesla’s future during the company’s Investor Day 2023

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.