Elon Musk to unveil Tesla’s ‘Grasp Plan 3’ on Wednesday’s investor day — here is what to anticipate


Tesla Inc. Chief Government Elon Musk teased a “Grasp Plan 3” for the electric-vehicle maker on Wednesday, practically a 12 months after he first tweeted concerning the blueprint.

Musk stated earlier this month that the plan’s particulars will likely be unveiled at Tesla’s
investor day Wednesday on the firm’s Texas headquarters.

“We suspect his plan will tie collectively” with Tesla’s 2016 Grasp Plan 2, mentioning robotaxis, shared rides to cut back driving miles, “megapack” batteries, and recycling targets, stated Chris McNally, an analyst with Evercore ISI.

Tesla might additionally give traders hints a couple of new, cheaper EV platform, stated Toni Sacconaghi at Bernstein.

“We consider that crucial problem for Tesla going into its analyst day is the standing of its next-gen, lower-cost automobile platform,” he stated.

A product announcement can be unlikely, however traders would welcome “incremental element on pricing, providing and particularly timing.”

Musk tweeted on March 16, 2022, that he was “engaged on” the plan:

Musk launched the second Grasp Plan in March 2016, promising a couple of issues which have fallen in need of actuality.

See additionally: Ford logs $2 billion loss in 2022, says revenue was left ‘on the desk’

Tesla nonetheless doesn’t have an electrical bus, for example, and a primary trim of its most cost-effective electrical automobile, the Mannequin 3 sedan, begins at $43,500. Tesla stated in January {that a} “subsequent technology” automobile platform is within the wings.

Half 2 additionally included some autonomy and car-sharing targets that haven’t come to go.

The primary plan, from 2006, outlined Tesla’s technique of beginning off with a dear and extremely fascinating sports activities automotive as a springboard to future extra reasonably priced EVs.

Don’t miss: Tesla and Ford are reducing auto costs, however GM says it gained’t

Autopilot and Full Self Driving, Tesla’s suite of superior driver-assistance programs for freeway and concrete driving, are below probes from a number of state and federal businesses. Tesla is at the moment going by way of a FSD recall.

See additionally: Tesla remembers 362,758 EVs, says self-driving software program ‘might trigger’ crashes

Tesla “robotaxis,” shared driverless vehicles, are additionally not but obtainable.

Client Reviews just lately ranked Autopilot “center of the pack” in autonomy, bestowing larger marks on Ford Motor Co.’s
BlueCruise and on Common Motors Co.’s

“Tesla hasn’t modified Autopilot’s primary performance a lot because it first got here out, as a substitute simply including extra options to it,” Client Reviews stated.

For all ADAS, Client Reviews cautioned that driver consideration is required always, saying that “vehicles that may really and safely drive themselves stay a great distance off.”

Shares of Tesla have misplaced 26% up to now 12 months, in contrast with losses of round 7% for the S&P 500 index.


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