CEO of Tesla Inc. Elon Musk teased “Master Plan 3” for the electric car maker on March 1, almost a year after he first tweeted about the plan.
Musk said Tuesday night that the details would be revealed at TSLA Tesla.
Investor Day on March 1 is scheduled at the company’s headquarters in Texas.
“We believe his plan will tie in” with Tesla’s 2016 Master Plan 2, which mentions robot taxis, ride-sharing to cut miles traveled, battery “mega-packing” and recycling targets, said Evercore ISI analyst Chris McNally.
On March 16, Musk tweeted that he was “working” on the plan:
Musk released a second plan in March 2016, promising a few things that weren’t true.
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For example, Tesla still doesn’t have an electric bus, and the base version of its cheapest electric car, the Model 3 sedan, starts at $43,500. In January, Tesla said it had a “next-generation” automotive platform in development.
Part 2 also included self-driving and car sharing goals that didn’t materialize.
The first plan, developed in 2006, outlined Tesla’s strategy: to start with an expensive and highly desirable sports car as a springboard to the more affordable electric vehicles of the future.
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Autopilot and Full Self Driving, Tesla’s suite of advanced driver assistance systems for highway and city driving, are under investigation by several state and federal agencies. Tesla’s “Robotaxi”, self-driving cars for public use, is also not yet available.
Consumer Reports recently rated the autopilot as “average” for range, giving Ford Motor Co.’s Model F higher ratings.
BlueCruise and GM of General Motors Co.,
“Tesla hasn’t changed much of Autopilot’s core functionality since its release, just added more features,” Consumer Reports said in a statement.
For all, ADAS Consumer Reports warned that driver attention is needed all the time, saying “cars that can truly and safely drive themselves are still a long way off.”
Tesla shares have lost 35% over the past 12 months, compared to losses of about 9% for the S&P 500 index. SPX,