Tesla Motors CEO Elon Musk on Wednesday unveiled a far-reaching “master plan” for the electric automaker that envisions self-driving semis and buses — and a car-sharing service to rival Uber. Rather than focus on spreading the popularity of electric vehicles, Tesla now aims to change the way society generates, stores and uses electricity. Even though the Palo Alto company currently builds just two lines of cars — the Model S sedan and the Model X SUV — and has struggled this year to meet production goals, Musk made clear Wednesday that Tesla wants to tackle nearly every major category of road transportation. [...] with its planned acquisition of San Mateo’s SolarCity, Tesla will offer rooftop solar arrays to generate the electricity for its batteries and cars. “The point of all this was, and remains, accelerating the advent of sustainable energy, so that we can imagine far into the future and life is still good,” Musk wrote in the plan, posted Wednesday evening on Tesla’s official blog. In addition to the $35,000 Model 3 that Tesla plans to introduce next year, the company is developing a pickup truck, a heavy-duty “Tesla Semi” and a “high passenger-density urban transport” that could replace traditional buses. “This dramatically lowers the true cost of ownership to the point where almost anyone could own a Tesla,” Musk wrote. Since most cars are only in use by their owner for 5 percent to 10 percent of the day, the fundamental economic utility of a true self-driving car is likely to be several times that of a car which is not.

NEXT
BING NEWS:
  • Tesla thinks it's no longer a car company, but it can come back to reality
    An hour before the call, Tesla announced the release of the updated Model 3 performance; a very fast and very promising car that boasted impressive figures. With that in mind, I came into the call ...
    04/27/2024 - 8:53 am | View Link
  • Elon Musk sparks a Tesla stock turnaround
    Tesla's shares rose before and after the electric-vehicle producer reported first-quarter earnings. That's a refreshing change for shareholders. The electric vehicle producer's shares had fallen ...
    04/24/2024 - 2:43 am | View Link
  • Elon Musk's Tesla reports earnings today after a brutal stretch. Here's what we're watching
    Tesla is having a very rough 2024, but Tuesday may be Elon Musk’s chance to turn things ... akin to Tesla’s Semi and Roadster announcements — and not likely to be Tesla’s next model ...
    04/21/2024 - 11:48 pm | View Link
  • Tesla Robotaxi: What we know
    Elon Musk wrote the original "Master Plan" for Tesla back in 2006, outlining how the company would design an electric sports car, then spend the following decade developing electric vehicles that ...
    04/21/2024 - 2:07 pm | View Link
  • Elon Musk is putting Tesla all-in on Robotaxi
    Riding the AI wave, Elon Musk is betting Tesla’s business on its self-driving effort, including Robotaxi, at the cost of other programs critical to its core business. At the same time ...
    04/16/2024 - 6:32 am | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Business News