Tesla Investor Day

The event, which CEO Elon Musk called a recruiting tool for the company, was full of deep technical detail and didn't have a lot of wow moments for investors.

The company said details for that vehicle would be unveiled at a later date.\n\nA specific timeline for the plant to be up and running was not given.\n\nOther plants took more than a year from announcement date to become operational. That will be the EV maker's fifth car assembly plant.\n\nThe new plant, combed with expansions at existing facilities, could raise manufacturing to about 3.5 million cars a year, Tesla said.\n\nManagement said the Mexican plant would produce its next-generation vehicle, a lower-priced car that was hinted at earlier in the event. The biggest news of the night came during the Q&A.\n\nCEO Elon Musk confirmed that Tesla plans to build a Gigafactory in Monterrey, Mexico.

Electric-vehicle maker is expected to discuss manufacturing plans, future products.

[Kohl's promo code: 30% off for Kohl's Rewards Members](https://www.wsj.com/coupons/kohls) [15% off American Eagle promo code](https://www.wsj.com/coupons/american-eagle-outfitters) Tesla leadership made their pitch Wednesday at an investor event held at the company’s factory near the Texas capital.

Tesla investors could get updates on an affordable electric vehicle, which CEO Elon Musk first teased in 2020, among other initiatives.

They wrote, in a note earlier this week, "Near-term, we see continued strength in TSLA's market share, but see cheaper competitor EVs coming to market as potentially dilutive to TSLA's share of the US EV market." He said Tesla agreed to use recycled water and take other initiatives to cope with water-scarcity in the region. According to Ortex, a short interest tracker, "After delivering $4.5 billion in profits to short sellers in January, TSLA's 19% rise in February has helped pile on losses for TSLA bears. He may reveal more details about how the two plan to work together moving forward. Tesla shares have rebounded from declines during 2022, and are up more than 60% for the year so far. [Tesla](/quotes/TSLA/) laid out its long-term vision at a 2023 Investor Day presentation in Austin, Texas, on Wednesday.

Master Plan 3, the path to a fully sustainable energy future for Earth will be presented on March 1. The future is bright! Image.

In 2020, Musk unveiled a plan to develop batteries in-house, which he said would make self-driving electric cars priced at $25,000 feasible by 2023, but Tesla has been struggling to scale up the production of the so-called 4680 batteries. It would be the company's first factory outside of the United States, Germany and China, and Musk is expected to provide more details on Wednesday. Capturing the mass market is critical to Tesla's goal of increasing deliveries 15-fold - to 20 million vehicles - by 2030. "There is a clear path to a fully sustainable earth with abundance," Musk said. . Register for free to Reuters and know the full story

Tesla stock fell late Wednesday as Elon Musk revealed his "Master Plan 3" during the EV giant's investor day Wednesday evening.

The [EPS Rating](https://www.investors.com/how-to-invest/investors-corner/eps-rating-is-key-to-picking-great-stocks/) is 99. That would suggest a 217.75 [buy point](https://www.investors.com/how-to-invest/investors-corner/chart-reading-basics-how-a-buy-point-marks-a-time-of-opportunity/). [market trade](https://www.investors.com/market-trend/stock-market-today/stock-market-today-market-trends-best-stocks-buy-watch/) Wednesday. Tesla stock has a 73 [Composite Rating](https://www.investors.com/how-to-invest/investors-corner/stocks-to-buy-and-watch-ibd-composite-rating-top-growth-stocks/) out of 99. In 2016, Tesla stock went on a monthlong 22% run ahead of Musk's second "Master Plan" announcement on July 20, 2016. Shares arguably have a [cup-with-handle pattern](https://www.investors.com/how-to-invest/investors-corner/how-to-buy-stocks-lam-research-cup-with-handle-launched-75-percent-advance/) going back to early November (or a too-low handle in a base starting in September). [Auto Manufacturers industry group](https://research.investors.com/stock-checkup/nasdaq-tesla-tsla.aspx). The CFO added Tesla is working on "Robo Taxi" variants of the next generation platform. His "Master Plan 3" includes $10 trillion in capital expenditures to cover mining and refining raw materials along with developing storage and vehicle batteries. The CEO outlined his plan for the future of energy and throughout the event, Tesla executives touted cost reduction plans. Musk's ambitious plan calls for a total switch to EVs and $10 trillion in spending to create a "sustainable energy future." Tesla will offer a retail electricity plan to people who own Tesla vehicles where customers can have unlimited overnight home charging for $30 per month.

Grandiose master plans to save the world are nice to have, but maybe the Tesla CEO should focus on making cars.

CEO Elon Musk didn't unveil the next-generation vehicle platform or car. Instead, he and his colleagues spent a lot of time talking about operational ...

- Tesla used the event to showcase its deep bench of executive talent, including people that we have never heard from before. The shares declined in after-hours trading. - Musk confirmed that Tesla will build its next auto plant in Mexico, near Monterrey, but didn’t provide any fresh details except that the next-generation car will be built there.

At Tesla's "Investor Day" presentation today Master Plan 3 Musk pushes the message of abundance — we can save the planet without austerity, we could handle ...

Tesla claims FSD users are having one crash per 3.2M miles, and they compare it to 500,000 miles for ordinary drivers, but this is similar to the report they give on Autopilot, which is essentially a lie, because they report airbag deployments for Autpilot, while the 500,000 mile number is for police reported crashes. Tesla doesn’t just have complete over the air software updating for all parts of their car, something the rest of the industry has been late to learn, they also do a lot of monitoring in order to design future cars. Tesla showed how they are leveraging their fleet to train their AI. However, they did show a chart showing how much less the total cost of ownership will be for their new generation vehicle compared to a model 3 or Corolla, and the numbers were good. They promise their new V4 chargers (now being deployed in Europe) will have longer cords that can reach more cars. Tesla tries to avoid that and build its own components, so it can learn from them and improve them. For example, they used the data they got from every crash with a Tesla to design the cars to do better in crashes. Others have worked out the math of a fully renewable energy economy before, but Tesla has actually done more real work to bring it about, so it’s good to see them dedicated to it. They outlined plans about how it’s not that hard or expensive to convert several major sectors of the economy to renewable forms with combinations of storage (batteries), renewable power (solar/wind) and manufacturing expense. In addition, they are just using a general network bus rather than lots of individual wiring, beyond what Canbus has done. If $10T seems a lot, we’ve spent $14T in the last 20 years on the fossil fuel economy. While past master plans have always made mention of converting the world to renewable energy but mostly talked about how cars would do this.

Elon Musk and numerous other Tesla executives presented their vision of a clean energy future at the Tesla Investor Day event.

More than a dozen Tesla executives took the stage at the company's Investor Day on Wednesday, a departure from its previous such events where Elon Musk ...

He said a video Tesla used to promote its self-driving technology was staged to show capabilities like stopping at a red light that the system did not have. The former director of design for Mazda North America joined Tesla in 2008. He joined Tesla in 2006. Baglino is in charge of Tesla's efforts to produce its own batteries, the so-called 4680 cells, and he took the stage several times at the Investor Day event. He become CFO of Tesla in 2019, at age 34, nine years after joining Tesla. Moravy heads a team of engineers, technicians, and analysts in charge of vehicle hardware design, his LinkedIn profile shows.

Elon Musk's latest master plan for Tesla Inc. fell flat as the electric-car maker shared scant details about next-generation models that will underpin its ...

Tesla shares fell 7% in pre-market trading Thursday, despite a positive analyst reaction to Elon Musk's investor day presentation.

Musk presented the third installment of his "Master Plan," an update to his ambitious 2016 Master Plan Part Deux. Jonas has an overweight rating and set a $220 price target for the stock. Musk and his executives reiterated a 2030 production target of 20 million vehicles annually at the event, which consisted of a three-hour presentation followed by a question-and-answer session.

Tesla shares tumbled after its investor day, in which CEO Elon Musk shared the company's Master Plan 3 but offered few details on future models.

"One of the biggest pushbacks we get from investors relative to our bullish stance on (Tesla) is 'key executive risk' related to Elon Musk," Stein said in the note. [Musk last year](https://www.youtube.com/watch?v=DnnSKkd2etk&t=3026s) said Telsa was working on a next-generation vehicle, noting that it would be smaller but more affordable than its Model 3 and Model Y. The company plans to use the plant – along with other Tesla factories – to build its next-generation vehicles. [Does Tesla qualify?](https://www.usatoday.com/story/money/taxes/2023/02/05/what-teslas-tax-credit-2023/11120793002/) [AMLO announces Tesla plant coming to northern Mexico](https://www.usatoday.com/story/tech/2023/02/28/tesla-build-plant-monterrey/11365461002/https://www.usatoday.com/story/tech/2023/02/28/tesla-build-plant-monterrey/11365461002/). [tied to Tesla tweets.](https://www.usatoday.com/story/tech/2023/02/03/elon-musk-jury-billionaire-tesla-tweets/11181204002/) Tesla shares closed at $202.77 on Wednesday, down 1.43% from the previous day, and continued to fall in after-hours trading. [Check latest car recalls here.](https://www.usatoday.com/story/money/cars/2023/02/20/nissan-tesla-ram-subaru-ford-cars-recall/11300483002/) Shares Thursday were trading down nearly 7% as of 11:15 a.m. [7,500 stations will open to other EVs.](https://www.usatoday.com/story/money/cars/2023/02/15/tesla-supercharger-ev-network-white-house/11263341002/) The company hinted at future vehicles but said details would come at a later date. [New engineering headquarters to open in state.](https://www.usatoday.com/story/tech/2023/02/24/new-tesla-engineering-headquarters-california/11338673002/)

CEO Elon Musk unveiled a blueprint for a sustainable energy future — but was short on new company announcements. Steven Porrello. By Steven Porrello.

It then took them 18 months to build the next million and 11 months to build the third. And it's still the largest producer of EVs in the world — even if it’s not achieving all of its ambitious goals. The failure to reveal plans for an affordable EV and other gigafactories won’t sit well with investors. Its stock has rebounded in 2023, rising roughly 87% by the end of trading hours on Wednesday. Investors should expect the stock to be jumpy this week. Aside from the gigafactory in Mexico, Tesla didn’t announce plans to open more plants. Tom Zhu, the company’s manufacturing leader, reminded investors that it took Tesla 12 years to build one million cars. Rather, it was more of a blueprint for industries across the world to replace fossil fuel with renewable energy. During a Q&A session, Musk confirmed that the company was building a gigafactory in Mexico. Many investors were anticipating the announcement of a sub-$35,000 model. Anticipation was high, as investors expected the company to reveal new vehicles and plans to build additional gigafactories. And while some parts were exciting — like footage of Tesla robots building another Tesla robot — the company didn’t give concrete details on new products and was vague on release dates for others.

Tesla expects to invest another $150 billion to become the company it wants to be. Elon Musk and other executives shared plans to vertically integrate further ...

"The limiting factor is their ability to pay for a Tesla." "The desire for people to own a Tesla is extremely high," he said. Investors already knew the Cybertruck would be coming this year. The company recently announced an expansion to its Nevada battery plant, for example. CFO Zach Kirkhorn told the audience that the company could invest at least another $150 billion to achieve its long-term goals. Several items of note from the presentation were:

Tesla describes Master Plan 3 as its "path to a fully renewable energy future" for Earth – an ambitious goal, but one the company said was more feasible than it ...

soon](https://www.theregister.com/2023/02/17/tesla_fsd_upgrade_recall/) Its panels have since been linked to [fires at multiple WalMart stores](https://www.theregister.com/2019/08/21/walmart_tesla_solar_panel_lawsuit/) in the US, with the retailer alleging in legal filings that Tesla Solar technicians are "incompetent." The NHTSA previously determined that Autopilot was involved in [70 percent of driver-assist accidents](https://www.theregister.com/2022/06/15/tesla_autopilot_accounts_for_70/). [Shareholders accuse Tesla of overegging Autopilot, Full Self-Driving capabilities](https://www.theregister.com/2023/02/28/tesla_securities_fraud_lawsuit/) [Tesla hits the brakes on rollout of Full Self-Driving code to new users](https://www.theregister.com/2023/02/28/tesla_has_to_fix_safety/) [CEO Elon Musk wants out of Tesla tweet jail. [increases crash rates](https://www.tandfonline.com/doi/full/10.1080/19439962.2023.2178566) by 11 percent when controlling for domain and driver age. As for the goal of developing FSD tech 10 times safer than human drivers … The Cybertruck, which still has yet to launch, will reportedly be coming sometime this year, the most recent predictions at Investor Day indicated. Lol, no, says SEC](https://www.theregister.com/2023/02/24/musk_tesla_consent_decree_sec/) [Tesla's self-driving code may ignore stop signs, act unsafe. FSD collisions in which airbags are deployed aren't comparable to manually operated vehicles involved in an accident in which police are called. [tweet](https://twitter.com/Tesla/status/1631063252875505669) accompanying some of its presentation slides. It also could have been Musk's unusually low energy level that made it look like his Twitter troubles and all those other lawsuits were beginning to catch up with the 51-year-old, who ceded much of his time on stage to other Tesla leaders. The company's slide deck, as shared on Twitter, claims that only a third of the dirty energy generated on Earth ends up being consumed in a useful manner.