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Tesla's Master Plan III: What to Expect from the Future of Tesla · Elon Musk Podcast

• 0:04
  Hello, and welcome back to the Elon Musk podcast.
• 0:06
  I'm your host will Walden. And in today's episode, we'll be
• 0:09
  discussing Elon musk's master plan 3, which he set to reveal
• 0:12
  at the upcoming March First Investors day.
• 0:15
  Now, Elon musk's Master. Plans of always been an area of
• 0:18
  great pop culture interest in speculation, with secret expose
• 0:22
  shared between Tesla, CEO, Elon and the reader, and those
• 0:26
  feelings of intimacy and having a front-row seat to the Future.
• 0:29
  Have always prevailed in in master plan, one musk's insight
• 0:32
  into a bit of human nature. Emerged said, don't tell anyone
• 0:37
  needless to say the word spread freely about Teslas, Innovation
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  disruptive, and futuristic company.
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  Focus in a moment in time when other automakers, were content
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  with the internal combustion engine status quo.
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  Now, a whole lot has changed since the master plans of 2006.
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  And 2016 were released, however, Tesla's dominance of the top of
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  the all electric transportation market and is now being
• 0:59
  challenged with the tweet, that Master Plan 3 will be revealed
• 1:02
  at the upcoming March. First, investor day curiosity,
• 1:06
  right now is very rampant. So, what messages will emerge
• 1:09
  from the 2023 master plan. Let's track what we know so far.
• 1:14
  As a framework for figuring out the possible elements and musk's
• 1:17
  Master Plan. Three Tesla's, original master
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  plan was to build an electric sports car, use the money to
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  build an affordable electric car, use that money to build an
• 1:28
  even more affordable, electric car.
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  And while doing the above also, provide zero emission, Electric
• 1:34
  power generation options. How did Tesla do with these
• 1:37
  goals between 2006 and 2016? Well, the first Roadster rolled
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  off the production line on February 1st 2008 Tesla's, first
• 1:46
  car needed to be an exclusive and pricey limited production
• 1:49
  sports car to keep production cost down and profits high.
• 1:52
  As our friends over at. EV Annex note, the Roadster
• 1:55
  Central screen and practice of updating Tech foreshadowed
• 1:59
  Tesla's unique approach to the mass production of its V's that
• 2:02
  followed years later. It also gave Tesla some early
• 2:06
  experience credibility and revenue in order to launch the
• 2:09
  model S. And every model thereafter in
• 2:14
  2010 test the received approval for about four hundred and sixty
• 2:18
  five million dollars in low-interest loans.
• 2:20
  From the US Department of energy to accelerate the production of
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  affordable fuel efficient TVs, the company use that about 365
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  million dollars of that for production engineering and
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  assembly of the Model. S Is an all-electric family
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  sedan that carry seven people and travels up to 300 miles per
• 2:39
  charge today. Tesla zero-emission electric
• 2:42
  power, generation options, seem nearly run of the mill.
• 2:45
  But in 2015 the Synergy of battery packs paired with solar
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  panels and plugged into the power grid seemed absolutely
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  ultra-modern test the worked on grid batteries for many years
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  before it was ready to put hundreds of systems in operation
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  Tesla's. First big push in energy, Tesla
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  energy. Begin with the reveal of the
• 3:05
  power pack and power wall. Now, the release of master plan
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  to in 2016, promise to extend Tesla's Mission Beyond just
• 3:12
  cars, Elon Musk explained the Tesla's Focus was to accelerate
• 3:17
  the world's transition to sustainable energy, which means
• 3:20
  transitioning to electric vehicles, integrating energy,
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  generation and storage. So let's talk about part 2 of
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  Elon and test those master plan. They have four main objectives.
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  One is To create stunning, solar roofs with seamlessly.
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  Integrated battery storage expand, the electric vehicle
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  product, line to address all major segments, and develop a
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  self driving capability. That is 10 times safer than
• 3:45
  manual via massive Fleet, learning and enable your car to
• 3:49
  make money for you when you're not using it.
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  So, now let's see how Tess's doing with these objectives.
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  Now, the first objective was to create solar roofs with
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  integrated battery storage, that were both beautiful and
• 4:01
  affordable and Tesla's, vice, president of Technology.
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  She Drew Begley. No say that the Tesla wanted to
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  improve the product by making it cheaper more beautiful and
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  easier to manufacture. Now unfortunately the Tesla
• 4:13
  solar roof experience significant setbacks that
• 4:16
  delayed its design production and deployment and data also
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  showed that the cost of a Tesla solar roof vary significantly
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  depending on the roofs complexity and where you live.
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  And the second objective was to expand the electric vehicle
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  product, line to address all major segments, a company's
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  first attempt at this, Was the model Y which is a battery
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  electric compact crossover, the started production in March of
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  2020, Elon Musk predicted during the q1 2021 earnings.
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  Call that the model why would quite likely be the world's best
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  selling car in the future in q1 of 2022, the Tesla Model y
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  accounted for almost one out of every three new Evie's
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  registered in the u.s. however the Cyber truck which was
• 5:00
  supposed to be a significant part of Tesla's lineup, hasn't
• 5:03
  quite White launched yet on a cue for 2022.
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  Tesla conference call is shareholder.
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  Asked whether the start of cyber truck, production was still
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  scheduled for mid 20, 23 Ilan responded that he didn't want
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  people to overhype the starter production because it's a start
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  of volume production, that matters Now, the third objective
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  was to develop a self-driving capable that is 10 times safer
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  than manual via. Massive Fleet, learning Tesla's,
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  full self-driving, FSD system remains at the heart of the most
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  talked about products and last year, Tesla opened up its FSD
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  beta to all users in North America who paid for it.
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  However, its potential is not yet fully realized and is
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  currently only at autonomous driving level.
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  Number two, Now in 2019 Tesla held an event called autonomy
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  day to Showcase its autonomous driving technology.
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  Ilan said I feel very confident predicting autonomous robotex
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  Lee's for Tesla next year and predicted that Tesla would have
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  a million Robo taxis on public roads by the end of 2020.
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  Now, these fully self driving cars.
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  Wouldn't need a human driver. It could transport passengers to
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  their desired locations. However, self-driving.
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  Cars are not yet able to navigate.
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  Currently due to unpredictable road conditions, making it
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  nearly impossible to create a robo taxi right now and as a
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  result car owners are not yet able to generate revenue from
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  their self driving Vehicles. Now the fourth objective was to
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  enable cars to make money for their owners when they're not
• 6:35
  being used. This goal has not yet been
• 6:38
  achieved due to the inability to create a full self-driving
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  vehicle and the world is buzzing with excitement over what Tesla
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  CEO Elon Musk has in store for the company's third master plan.
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  Tesla's previous plans which included the creation of
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  electric vehicles, solar energy products and energy storage
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  solutions have already revolutionize, the automotive
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  and energy Industries, but what can we expect from Master Plan,
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  Three? Now, one of the most highly
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  anticipated aspects of Master Plan 3 is autonomous driving in
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  the possibility of Tesla's Vehicles operating as Robo.
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  Taxis, a Tesla is already made significant progress in this
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  area with the release of its full self-driving software,
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  which offers Advanced Driver assistance features according to
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  musk Tesla's on track to achieve level 5, autonomy or fully
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  autonomous driving in the near future and the implications of
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  full autonomy for the transportation industry.
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  Could be massive, Tesla could become a major player in the
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  right, healing space competing with companies like uber and
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  Lyft and potentially disrupting the traditional taxi industry.
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  Additionally Tesla could develop its own right handling platform
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  which would give the company even more.
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  All over the industry. Now Tesla is also hinted at the
• 7:53
  possibility of launching its own, right healing service which
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  could be called the Tesla Network.
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  The app base platform would allow Tesla owners to rent out
• 8:02
  their vehicles to other users, essentially turning their cars
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  into self driving taxis. When they're not in use in this,
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  could create a new Revenue stream for Tesla owners and make
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  owning a Tesla more affordable for those who might not be able
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  to afford one outright, and the development of electric semi
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  trucks. Is another area that's likely to
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  be a focus of Master Plan. Number three, now Tesla is
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  already made significant strides in this area with the release of
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  the Tesla semi in 2017 and the all-electric Class 8 truck is
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  designed to be more efficient and cost effective than
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  traditional diesel trucks at the potential market for electric
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  trucks is massive with a transportation industry
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  responsible for a significant portion of global carbon
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  emissions and I have Tesla can make electric trucks.
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  More cost effective and practical for long-haul
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  Transportation. It couldn't make a significant
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  impact on reducing carbon emissions.
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  Now energy storage and renewable energy are also expected to be a
• 9:02
  continued focus of Tesla's. Third master plan, the company
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  has already made significant strides in this area with the
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  development of the Powerball and power pack Battery Systems as
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  well as its solar roof tiles. Musket stated that the
• 9:16
  transition to renewable energy is one of the most important.
• 9:19
  Portent challenges, facing humanity, and the Tesla is
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  committed to being a major player in this transition.
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  Now, if master plan 3 includes further developments in this
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  area, we can see Tesla become an even more important player in
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  the global energy market. Now, overall Tesla's, third
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  master plan is highly anticipated, and has the
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  potential to revolutionize multiple Industries with the
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  potential for autonomous driving in a Tesla Network.
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  Tesla could disrupt the ride-hailing industry and with
• 9:48
  the development of more Except my trucks.
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  It could have a significant impact on reducing carbon
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  emissions. We can't wait to see what Ilan
• 9:56
  and his team have for us in the future, but let me know what you
• 9:59
  think. We have a, we have a patreon in
• 10:02
  our description down below, and if you want to check that out,
• 10:06
  that would be great. You could become part of the
• 10:07
  community over at stage zero, patreon.com slash stage 0, and
• 10:12
  thanks for listening to the show.
• 10:13
  You get to take a second and hit the Subscribe button.
• 10:15
  That would be great too, so take care of yourselves and each
• 10:19
  other. And I'll see you the next one.