Electric vehicle giant Tesla is gearing up to announce its Master Plan Part 4, Chief Executive Elon Musk confirmed in an X post on Tuesday.
Tesla Master Plan Part 4 in the works
Tesla CEO Elon Musk disclosed that he has already initiated the development of the fourth iteration of the company’s Master Plan series. It will serve as a follow-up to the previous Master Plan Parts 1, 2, and 3.
Excitingly, the Tesla boss hinted that the new roadmap will be “epic.”
“Working on the Tesla Master Plan 4. It will be epic.”
Tesla CEO Elon Musk
Details about the Master Plan Part 4 remain scarce. For reference, Part 3 primarily focused on establishing a sustainable global energy economy through electrification and clean energy generation and storage.
Brief background
So far, Tesla has outlined a roadmap in each of its Master Plans to advance electric vehicles, home and commercial energy storage products, grid-scale batteries, and other renewable energy solutions.
In hindsight, the first two Master Plans played a crucial role in the electric automaker’s success today. Tesla has reached most of the targets indicated in these first two roadmaps.
In 2006, the Tesla boss outlined the original Master Plan to depict the automaker’s now-iconic business model:
- “Build sports car
- Use that money to build an affordable car
- Use that money to build an even more affordable car
- While doing above, also provide zero emission electric power generation options”
The second iteration, Part Deux, followed on July 20, 2016. The most recent was the Part Three, which emerged on April 5 last year.
Unlike the first two iterations, Part 3 did not focus on a specific product strategy. Instead, it revolved around how adopting electric vehicles and renewable energy can promote sustainability worldwide.
Now, CEO Musk has confirmed that he is actively working on the new Master Plan Part 4.
Investors await clues on Tesla’s future direction
CEO Musk’s announcement of the Master Plan Part 4 comes after the electric vehicle giant held its 2024 Shareholders Meeting on Thursday.
During the event, the Tesla boss claimed that the company was “not just opening a new chapter for Tesla.” Instead, it was “starting a new book.”
Before that, CEO Musk also asserted in the recent Q1 2024 Earnings Call that the layoffs and reorganization were necessary to “prepare the company for the next phase of growth.”
Tesla investors would certainly anticipate more details about the company’s future direction. Given that CEO Musk delayed the $25,000 Tesla on the unboxed platform, it would not be surprising if Part 4 would focus on self-driving technology, AI, and robots.
