Tesla will finally unveil a planned expansion of its “master plan” on March 1 at the company’s “Investor Day” summit at Giga Texas, said CEO Elon Musk today.
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Elon Musk’s ‘Master Plan Part 2’ is still hot off from the press and Wall Street is already asking to see the money. With the new product plan, Tesla is expanding the list of industries it plans to disrupt, but that will come at a cost.
The company is just coming out of a $2.3 billion secondary stock offering ($1.7 billion in net proceeds) to primarily finance the Model 3 program and the needed $1.2 billion Fremont factory expansion, but now Musk added a pickup truck, a heavy-duty truck, and a bus, among other things, to Tesla’s product lineup.
While Wall Street seems mostly happy with the plan, several analysts covering Tesla are asking how the company plans to finance the new programs and expect more capital raise on the public market.
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As promised last week (albeit a little late), Tesla CEO Elon Musk unveiled the second part of his ‘Master Plan’ for the company almost a decade to the day (August 2, 2006) after releasing what we now know was only the first part of Tesla’s mission in an awesome blog post titled ‘The Secret Tesla Motors Master Plan (just between you and me)‘.
The second part is appropriately titled ‘Master Plan, Part Deux‘ and you can read it in full below.
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Tesla CEO Elon Musk has been working on the second part of his ‘Master Plan’ for the past two weeks and he is now a little late. While flying back to California after spending the past few days in Florida for a SpaceX Falcon 9 launch, the CEO said that he will be focusing on the Tesla Model 3 and Autopilot today, consequently pushing the ‘Master Plan’ again:
Will be working at Tesla on Autopilot & Model 3 today, then aiming to pull an all-nighter and complete the master product plan
— Elon Musk (@elonmusk) July 19, 2016
It’s the tenth anniversary of the debut of the Roadster today. Some hoped it would coincide with the release of the plan, which Musk hoped to publish last week, but it looks like it will be pushed to at least tomorrow.
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Tesla CEO Elon Musk is a little late to publish his ‘Part 2’ of the ‘Tesla Secret Master Plan’, which he hoped to reveal last week, but it looks like it was pushed to today. He was a little busy overseeing the successful Falcon 9 launch and landing in Cape Canaveral last night, and the ongoing Dragon mission.
Bit of a distraction yesterday. Working on plan today.
— Elon Musk (@elonmusk) July 18, 2016
The plan is expected to outline Tesla’s future product lineup as the company transitions from a transportation company to an energy company. In line with the transition, Tesla finally moved its main domain ‘teslamotors.com’ to its recently acquired ‘tesla.com’ over the weekend.
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Almost a decade ago to the day (August 2, 2006), Elon Musk laid out Tesla’s mission in an awesome blog post titled ‘The Secret Tesla Motors Master Plan (just between you and me)‘. Now he is apparently almost ready to release a second part to this Master Plan.
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