September 28, 2023


Only Automotive

Tesla Unveils Third ‘Grasp Plan’ Reaching for Sustainable Power Economic system

4 min read
  • Tesla held an Investor Day occasion right now in Austin, Texas, hosted by CEO Elon Musk.
  • A lot of the discuss was concerning the firm’s “Grasp Plan,” which is now all about sustainability.
  • There’s additionally discuss of updates coming quickly to the Mannequin Y and Mannequin 3.

“There’s a clear path to a totally sustainable earth, with abundance.”

That’s not the way in which most automotive firm investor shows begin, however that was the early message from CEO Elon Musk throughout Tesla’s Investor Day presentation right now in Austin, Texas.

The occasion was billed because the third in Musk’s long-term technique outlines for the automaker, the following Tesla Grasp Plan. Briefly, the first TMP, from 2006, was about financing lower-cost EVs by first promoting a more-expensive sports activities automotive (the unique Tesla Roadster). The second, which followed a decade after the first, broadened Tesla’s scope to incorporate photo voltaic roofs with battery storage, expanded the corporate’s product line to “handle all main segments,” creating safer self-driving functionality that and discovering a technique to let Tesla house owners “become profitable for you once you aren’t utilizing it.” Not all features of those plans have come to cross.

Tesla’s New Grasp Plan

Musk’s third Grasp Plan shifts its focus to the whole world. “Tesla’s objective is to speed up the world’s transition to sustainable vitality,” the corporate stated right now, calling its newest plan a “path to a totally renewable vitality future for the earth.”

Musk stated a sustainable vitality economic system is inside attain, however it can require unbelievable ranges of funding—round $10 trillion—in new applied sciences to get there. Which means 240 complete tWh (terawatt hours) of vitality storage (stationary batteries and electrical automobiles) and 30 tW (terawatts) of renewable energy era. The advantages far outweigh the price, Musk stated, and the following two hours of the presentation beefed up this imaginative and prescient, together with the numerous methods Tesla is working towards this purpose—and, after all, how its personal fleet of automobiles match into this total plan.

tesla presentation


Up to date Mannequin 3 and Mannequin Y

So far as new particulars on Tesla’s automobiles themselves, the spotlight got here not from the official presentation itself however rumors that got here out right now a few revamped Mannequin Y that’s code-named Juniper. The brand new Mannequin Y could have upgraded exterior and inside and may arrive in 2024, according to Automotive News. One other upgraded automobile, a brand new Mannequin 3 code-named Highland, can be within the works.

Whereas Tesla didn’t formally speak about these fashions throughout Investor Day, it did clarify the way it will construct EVs on its next-generation platforms in a extra environment friendly method than it does right now due to a brand new course of referred to as unboxed meeting technique, the place the brand new platform and its built-in battery pack permits the unnamed future automotive to be put collectively with out the normal automotive body (field), which can make meeting cheaper and quicker.

One other change comes from the way in which Tesla has steadily elevated the share of controllers it designed itself that may be present in its automobiles’ powertrains. Within the unique Mannequin S, for instance, simply 20 % of the controllers have been designed by Tesla. Within the Mannequin Y, it’s 61 %. Within the Cybertruck, Tesla says will probably be 85 %, and within the next-gen automobiles, each controller will likely be Tesla-designed. The primary good thing about this shift will likely be higher management of the entire automobile’s software program, Tesla stated.

An precise Cybertruck was on show on the Investor Day occasion as nicely, displaying off a brand new steering yoke design, rear folding seats and a display for rear passengers.

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Contributing Editor

Sebastian Blanco has been writing about electrical automobiles, hybrids, and hydrogen vehicles since 2006. His articles and automotive critiques have appeared within the New York Occasions, Automotive Information, Reuters, SAE, Autoblog, InsideEVs,, Automobile Discuss, and different retailers. His first green-car media occasion was the launch of the Tesla Roadster, and since then he has been monitoring the shift away from gasoline-powered automobiles and discovering the brand new know-how’s significance not only for the auto business, however for the world as a complete. Throw within the latest shift to autonomous automobiles, and there are extra attention-grabbing modifications occurring now than most individuals can wrap their heads round. You will discover him on Twitter or, on good days, behind the wheel of a brand new EV. 

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