Tesla chief executive Elon Musk. Reuters
Tesla chief executive Elon Musk. Reuters
Tesla chief executive Elon Musk. Reuters
Tesla chief executive Elon Musk. Reuters

Elon Musk to present 'Master Plan 3' at Tesla investor day


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Elon Musk, the world's second-richest person, will unveil what he calls “Master Plan 3" during Tesla's first investor day next month.

“Master Plan 3, the path to a fully sustainable energy future for Earth will be presented on March 1,” he tweeted. "The future is bright."

Tesla's investor day, held at its gigafactory in Texas, will discuss the company's long-term expansion plans, generation 3 platform, capital allocation and other subjects, the company said.

Mr Musk last year said his “Master Plan 3" would include details about expanding the company “to extreme size”.

He provided a little more information during a shareholder meeting in August, saying the plan was “going to fundamentally be about scaling” car production and the supply chain that supports Tesla.

Some of the visions outlined in Mr Musk's previous “master plans” — unveiled in 2006 and 2016 — remain unachieved, such as “true self-driving”.

Mr Musk's Cybertruck is also yet to be launched but production is expected to be under way later this year.

  • People take pictures of the newly unveiled Cybertruck in 2019. The vehicle's release to the market in 2021 was delayed by at least two years. AFP
    People take pictures of the newly unveiled Cybertruck in 2019. The vehicle's release to the market in 2021 was delayed by at least two years. AFP
  • The Cybertruck was originally priced at $39,900 in 2019 - but inflationary prices have pushed other Tesla vehicles up in cost. AFP
    The Cybertruck was originally priced at $39,900 in 2019 - but inflationary prices have pushed other Tesla vehicles up in cost. AFP
  • Mr Musk stands in front of Cybertruck, after a metal ball was thrown at the windows to show how tough they are. Tesla / Reuters
    Mr Musk stands in front of Cybertruck, after a metal ball was thrown at the windows to show how tough they are. Tesla / Reuters
  • Mr Musk discusses vehicle dimensions in front of the Cybertruck. AFP
    Mr Musk discusses vehicle dimensions in front of the Cybertruck. AFP
  • The Tesla Cybertruck is unveiled at Tesla's design studio. AP
    The Tesla Cybertruck is unveiled at Tesla's design studio. AP

Reuters contributed to this report

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Updated: February 09, 2023, 11:05 AM