Tesla Inc. TSLA held its first Investor Day event at the Austin, Texas-based Gigafactory on Wednesday. Elon Musk published the third part of his master plan.
Musk believes Tesla, a company, not a car, can help achieve this goal to transition the global economy to a 100% clean, renewable and sustainable energy economy by 2050.
what happened: Musk said very large-scale battery energy storage is needed to achieve the transition to sustainable energy.
The CEO estimates that this accounts for about 0.2% of the global surface of wind and solar solutions. Total investment, including battery factories, recycling plants and new car factories, totals about $10 trillion, but Mr. Musk downplays that as only about 10% of his global GDP in 2022.
The scope of work to end the use of fossil fuels includes renewable power for existing grids, conversion to electric vehicles, conversion to heat pumps, sustainably fueled aircraft and boats, hot heat and hydrogen supply. will be
Conveying a message of hope and optimism, Musk said, “The planet can and will transition to a sustainable energy economy, and it will in your lifetime.” I was.
Tesla has already made great strides towards sustainable energy. The company’s electric vehicles are well received by consumers, and Tesla’s solar and energy storage businesses have seen impressive growth in recent years.
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Transitioning to a sustainable energy economy is a formidable challenge, but Musk and Tesla are working toward a brighter future. The CEO’s master plan has always been to accelerate the world’s transition to sustainable energy, and with the release of Part 3 of the plan, the company is well on its way to achieving this goal.
“Today, I hope, it’s not just a matter of investors who own Tesla or stocks,” Musk said. It’s a message of optimism, not just wishful thinking, but optimism based on real physics and real math.”
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Photo: Tesla Investors Day 2023 screenshot, Tesla YouTube