Musk reveals the third chapter of Tesla's "secret ambition", a cheaper car is coming?

In the early morning of March 2nd, Tesla's 2023 Investor Day was held in Beijing. Tesla CEO Elon Reeve Musk attended the event and unveiled the long-awaited third chapter of Tesla's "secret ambition". "The first chapter of the Secret Servo brought us Model S/X and Model 3/Y, while the second chapter of the Secret Servo brought us rooftop PV, Powerwall, FSD and Semi. What is the third chapter of the "Secret Vision" that was announced at the event? And is Musk's idea of cheaper cars really on the horizon?

According to the video of the event, the third chapter of the "secret ambition" involves energy storage, electric vehicles, renewable energy production facilities, integrated die-casting, autonomous driving, the introduction of Cybertruck (photo) and humanoid robots, among other key elements. The "Sustainable Energy Development" vision is divided into seven main sections: 240 kilowatt-hours (TWH) of energy storage, 3 billion TWH of renewable electricity, $10 trillion ($10T) of manufacturing investment, less than half the energy requirements of the fuel economy, renewable energy production facilities that cover less than 0.2%, energy storage resources of 10% of global GDP by 2022, and zero insurmountable resource challenges.

The third chapter of the "Secret Ambition" has five steps, starting with repowering the existing grid with renewable energy, which will require widespread solar deployment, accounting for 35 percent of the total plan, with targets of 24 kilowatt-hours (TWH) of energy storage, 1 billion TWH of renewable electricity and Manufacturing investment of $0.8 trillion ($0.8T). The next step is the electrification of vehicles, which accounts for 21% of the total plan, and to achieve this goal, 20 million electric vehicles will need to be produced annually. The third step is for homes, businesses, and industries to switch to heat pumps, and that component accounts for 22% of the total plan. And the fourth step is to use high-temperature heat transfer and hydrogen and for aircraft, and the fifth step is to provide renewable fuel for aircraft and ships, they account for 17% and 5% of the total plan, respectively.

 

In addition, at Tesla's 2023 Investor Day, there will be a production Tesla Cybertruck electric pickup truck and Tesla's newest Optimus robot, for which Musk gave high praise, saying, "This will be the best we've ever had. will be our best product ever", and for the Optimus robot Musk also said that the robot has more than one copy, and according to the video released at the scene shows that two Tesla Optimus robot actually assembled a new robot, really is an eye-opener.

Finally, Musk has previously said: "to make Tesla more affordable", and there are plans to produce a model less expensive than the Model 3, but the current "Investor Day" event did not mention the model. But with more efficient production and lower production costs, the goal is still very promising, and earlier this year Tesla's domestic Model 3 and Model Y have begun to significantly reduce prices.

 

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