Elon Musk’s Tesla ‘Grasp Plan 3’ Presentation was a Chaotic, Boring, Complicated Mess

Elon Musk introduced Tesla’s much-hyped “Grasp Plan 3″ on Wednesday, within the firm’s first “investor day” livestream. However, as an alternative of showing a brand new Tesla mannequin, specifying the date of the repeatedly delayed cybertruck launch, introducing a extra inexpensive electrical automotive (as beforehand promised), or asserting some vital development within the firm’s previous robotaxi plans, Musk and co took a special strategy. They supplied nearly no new details about Tesla merchandise.

Within the firm’s earlier, 2017 “Master Plan, Part Deux,” Musk promised some big things like electrified “excessive passenger-density city transport” and a completely autonomous Tesla fleet of robotaxis. Neither of which has come near current within the intervening years. As an alternative, the corporate pivoted away from any earnest precise mentions of mass transit innovation and delivered the infamously stupid Las Vegas Loop—a glorified single lane tunnel. Re: robotaxis, Tesla’s “Full Self-Driving” tech remains very far from being fully self driving.

This time, the corporate appeared to again away from its past strategy of making commitments it doesn’t keep, by providing mainly no commitments in any respect.

For Plan 3, Musk took to the stage to speak concerning the feasibility of Earth’s vitality transition. The CEO made some massive, sweeping, optimistic statements and claims a few 5-part plan to transition our planet to a sustainable vitality system (so as: electrifying the grid, EV’s, warmth pumps, “inexperienced” hydrogen, electrical boats and planes)—touching briefly and vaguely on Tesla’s varied potential contributions to every side of that plan (perhaps in the future, Tesla will make warmth pumps for houses or electrified flying machines!).

Then, the billionaire handed the mic off to a sequence of Tesla engineers who spoke in technical phrases about issues that the corporate has already accomplished and demonstrated in its earlier car fashions. Numerous Tesla workers spoke on the corporate’s design philosophy, streamlined manufacturing technique, driver help, AI-tech, charging stations, and provide chain.

Nobody supplied any replace on the potential of a $25,000 Tesla mannequin, as some hopeful predictions had forecast. There was a lot of description of minimized manufacturing prices and previous adjustments to the provision chain and meeting line, however nothing about how that may or received’t translate to value financial savings for patrons. Two Tesla designers, particularly stated the corporate wouldn’t be unveiling its subsequent technology mannequin on the Wednesday occasion, and supplied that it as an alternative could be revealed at an unspecified later date.

Musk briefly re-appeared to mumble some stuff whereas a video of the corporate’s Optimus humanoid robotic performed on the display screen (allegedly, it might stroll now—which it couldn’t during the company’s AI day presentation in fall 2022). Throughout this AI-focused interlude, the world’s richest man forecast a future the place humanoid robots ultimately outnumber folks. “Assuming the issues I’m saying are true—Effectively, I feel they’re true, it’s only a matter of timing,” he prefaced, the ratio of humanoid robots to folks will change into better than 1:1 by means of unspecified residence and industrial makes use of, Musk predicted. “It’s not even clear what an financial system means at that time,” the billionaire added.

Then the prolonged (greater than 3-hour) presentation obtained again to the uninteresting parade of Tesla execs who’ve hardly ever made previous public appearances. For context: One of many ‘improvements’ introduced was shifting to open entry chargers which is definitely simply Tesla aligning itself with recent Biden Administration requirements for the corporate to obtain federal subsidy cash by means of the Bipartisan Infrastructure Regulation. One other was a abstract of why self-driving is important for sustainability, as a result of autonomous automobiles may serve multiple proprietor (At this level I involuntarily shouted “Simply construct an electrical bus!” to the almost empty workplace).

Tesla execs did ultimately announce that they’ll offer a vast in a single day residence charging choice for drivers in Texas for $30 a month.

The ultimate section of the ready presentation centered on numbers, earnings, working margins, and different issues the corporate had already shared with buyers in its January shareholder report.

Price noting: though Musk and his firm cronies supplied almost nothing new, even the little they did say is likely to be utter bullshit. The entire presentation began with an extremely comprehensive disclaimer—emphasizing that you shouldn’t, actually, assume the issues that Musk says are true.

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