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CEO Elon Musk told a crowd gathered at Tesla’s Gigafactory in Austin, Texas, for Investor Day 2023 that Tesla’s production capacity is expected to grow significantly. These are all part of what Musk calls Master Plan Part 3.
This is indeed Musk’s third master plan, with the first two scheduled for 2006 and 2016 respectively. They have served as a roadmap for the company’s growth and development over the last 17 years, as Tesla has grown from a rookie start-up to the world’s leading EV automaker. “By 2050, we have a clear path to a sustainable energy planet, without the need to destroy natural habitats,” Musk said in his keynote address.
“We can support a civilization much larger than the Earth. [currently does]I am often shocked and amazed at how few people realize that well over 8 billion humans could actually sustainably be supported on earth. will be done,” he continued. ” Twitter during the event.
Tesla’s main subject is scaling to the extreme size needed to keep humanity away from fossil fuels and AI.
However, we also include sections on SpaceX, Tesla, and The Boring Company.
— Elon Musk (@elonmusk) March 21, 2022
The master plan aims to establish a sustainable energy economy by developing 240 terawatt hours (TWH) of energy storage and 30 TWH of renewable power generation. This will require an estimated $10 trillion investment, equivalent to about 10% of global GDP. However, Musk points out that this number is less than half of what we are currently spending on the economy of internal combustion engines. Overall, he estimates that less than 0.2% of the world’s land area will be required to generate the required solar and wind capacity.
“All cars are going to be fully electric and self-driving,” Musk declared, reasserting that ICE cars would soon come to be as despised as horse-drawn carriages. , hinted at potential plans to electrify aircraft and ships. “As the energy density of batteries improves, all modes of transport will become fully electric, except rockets,” he said.
Drew Baglino, senior vice president of powertrain and energy engineering at Tesla, said:
Following Musk’s opening remarks, Tesla executives Lars Moravy and Franz von Holzhausen took the stage to discuss the company’s “production hell” and the challenges of building a Cybertruck out of stainless steel. But Moravy argued that the lessons learned could help Tesla build its third-generation vehicles more efficiently and do so in a much smaller factory footprint. Von Holzhausen has announced to applause that the Cybertruck will arrive later this year, a significantly closer date than Musk’s previous official estimate that production wouldn’t start until next year. .
Unfortunately, there will be no new car announcements at the event, von Holzhausen said. The announcement will be made at a later date.
The company introduced a new video featuring a Tesla robot walking independently without the help of a support frame, but it didn’t have the same live demonstration. Finding off-the-shelf actuators and motors suitable for humanoid robotic platforms is difficult, but “we need to actually bring products to market on a useful scale much faster than anyone else,” Musk said. said.
He also hopes that the company’s robots will be so successful that they may soon outnumber humans. “I think he, a robot and a human, could go beyond the one-to-one ratio,” he added. “At that point, it’s not even clear what the economy means.”
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