Elon Musk Announces Special Tesla Master Plan 3, Dominate the Electric Vehicle World!

But this is what's needed for a sustainable energy future. So we're going to try to take a set of actions that accelerate the day and bring the day of a sustainable energy future sooner. Despite the severe economic downturn, Tesla stock is still absolutely exploding. Do you know why? For the past 20 years, Tesla has had its unique master plan and followed its careful plan. And Elon Musk continues to announce, Working on Master Plan Part 3. What will this mean for the future of Tesla, their stock price, their shareholders, and their consumers? Before we start the video, support and subscribe to the channel and ring the bell icon so you never miss any of our exciting videos in the future. Tesla Master Plan is broken down into three parts, and this third master plan maybe will promise Tesla a period of explosive sales and fantastic growth rates. You'll see Tesla grow on a scale that no company has achieved in human history. So what is Master Plan Part 3 all about? CEO Elon Musk has revealed Master Plan Part 3 is all about achieving very large scale. To shift the entire energy infrastructure and transport infrastructure of Earth, it has to be a very high scale. He later added that the plan's next phase came down to an important question. How do you get enough scale to actually shift the entire energy infrastructure of Earth? Looking back, Parts 1 and 2 of Musk's Master Plan have been essential pieces of literature about the company that laid the path to its success. Tesla's Master Plan Part 1 consisted of, first, building a sports car, that's the Roadster. Second, using that money to build an affordable car, that's the Model S and Model X. Third, using that money to build an even more affordable car, which brought Model 3 and the Model Y crossover. Finally, while doing above, also provide zero emission electric power generation options. It referenced Tesla's solar lineup of solar panels, roof tiles, and power walls to supply energy to your home. A decade later, Tesla released Tesla Master Plan 2, or Part Do, while the first plan was coming to fruition because Elon Musk is a forward visionary. First, create stunning solar roofs with seamlessly integrated battery storage. Second, expand the electric vehicle product line to address all major segments. Besides Model S, 3, X, and Y, Tesla's Cybertruck is expected to enter production. And third, develop a self-driving capability that's 10 times safer than manual via massive fleet learning. And the software to make Tesla fully self-driving is still being deployed. And finally, Master Plan Part 2, enable your car to make money for you when you're not using it. A self-driving network of cars, or robo-taxis, is dependent on FSD being complete. What does the Master Plan mean to Tesla? Well, it hasn't been a quick or easy road to get here. Tesla has done an excellent job meeting the goals outlined by Musk in the plan's first two parts. Tesla stock was up after reporting a significant increase in sales for the first months of 2022. After starting the year on record delivery statistics, Tesla is proving it isn't slowing down in the face of supply chain constraints and negative market momentum. Tesla increased its overall electric car production in Q2 by about 25% year-over-year to 258,580. The total sales amount of $254,695, up 27% year-over-year, including 238,000 Model 3, Model Y, and over 16,000 Model S, Model X. Even inflationary price hikes did not stop Tesla from reporting record sales for the first quarter of 2022. At that time, Tesla delivered 310,048 vehicles, and in June 2022 was the highest vehicle production month in Tesla history. Today's delivery numbers represent sales growth of 26.5% year-over-year. And Tesla Master Plan Part 3 shows the company is focused on growth and will keep moving forward. And the value of Tesla shares will undoubtedly increase. Elon Musk also touched on future growth plans and mentioned the AI side of Tesla, but indicated that much more on that topic was being saved for AI Day on September 30, 2022. Musk predicted that AI could turn dangerous, warning the tech sector to be very careful about encouraging AI and calling it our biggest existential threat. Worth reading, Superintelligence by Bostrom. We need to be super careful with AI, potentially more dangerous than nukes, he tweeted. He wants to remove AI from the world. Main Tesla subjects will be scaling to extreme size, which is needed to shift humanity away from fossil fuel and AI, tweeted Musk. But I will also include sections about SpaceX, Tesla, and the Boring Company. Musk's Master Plan for Tesla might sound gimmicky, but it's worth paying attention to, given that the first part of the Master Plan has dramatically become reality. Elon Musk plans to scale the company to extreme size. Tesla already growing fast, the company's massive Texas Gigafactory ramping up to volume, and it's about to start production on the first Gigafactory in Europe. But the company previously said it plans to produce 20 million cars annually by 2030. So that may be the extreme size that Musk is referring to. Also, Musk mentioning his other companies, including SpaceX and the Boring Company, might indicate he's planning to round them all up under one big umbrella company, such as Alphabet or Meta. Look at what Tesla's been doing. We can see that Elon Musk has a very different vision, especially some of which have come true. So do you want to know his wildest predictions for the future? Well, first, you'll be able to sleep while driving. Musk predicted that self-driving cars would be reliable enough for people to sleep at the wheel. That proves he's extremely hopeful about the self-driving car system. Musk said that Tesla's FSD system is essential, and without systems, Tesla is worthless. Second, Musk predicted that in 10 years, most vehicles in the country would be electric. Automakers worldwide will spend more than half a trillion dollars on developing new electric cars, passenger trucks, and battery manufacturing through 2030. That's all within Tesla's goal, which is to sell 20 million EVs annually by 2030. And finally, Tesla will be bigger than Apple. Musk predicted that Tesla would be bigger than Apple, and replied to a tweet and suggested this by saying, I think there's a less than 0% chance Tesla could be the biggest company. So what do you think about the new Tesla master plan from Elon Musk? Kindly share your thoughts in the comments below. And with that last bit of news, that concludes today's episode. If you have any interesting topics you want us to dive deeper into, let us know down in those comments. 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