Tesla chief executive Elon Musk announced the second part of his "master plan" Wednesday, laying out a vision that would expand the carmaker's offerings to include solar roofs, trucks and cars that will make money for their owners in the ride-hailing economy. In the plan, Musk defended his proposal to merge Tesla with SolarCity, a company co-founded by his cousins and which he chairs. He wrote on Tesla's blog that the companies' combined resources would help them develop stronger solar cells and batteries that would allow homeowners to become their own utility providers. He also highlighted his goal to expand Tesla's vehicle offerings, which would include buses and heavy-duty trucks. The company is working on buses that would help combat traffic congestion and on the Tesla Semi, which Musk said would make cargo transportation less expensive and safer.
Tesla CEO Elon Musk speaks at the Model X launch event in Fremont, Calif. SAN FRANCISCO – Tesla is known for making an elite 100,000 electric sedan. Well watch out automakers, Elon Musk just announced his company will be pursuing small SUVs, a pickup truck and even larger scale commercial trucks in a bid to revolutionize transportation as we know it. That bombshell was just part of Musk's long-touted Tesla "Master Plan: Part Deux," which outlined a strategy that pivots the company from a builder of niche automobiles to a producer of a broad range of passenger and commercial vehicles that eschew fossil fuel. Also noted in the plan, which Musk published on the company's website late Wednesday, is the company's more well-known pursuit of the consumer solar business through its planned acquisition of SolarCity.
Tesla CEO Elon Musk speaks at the Model X launch event in Fremont, Calif. SAN FRANCISCO – Watch out, fellow automakers: Elon Musk announced Wednesday evening that Tesla Motors, known for pricey electric sedans, hopes to expand into small SUVs, a pickup and even heavy-duty semis and buses in a bid to revolutionize transportation as we know it. That bombshell was just part of Musk's long-touted Tesla master plan, a follow-up to one issued when the company was just starting out, outlining a strategy that pivots the company from a builder of niche automobiles to a producer of a broad range of passenger and commercial vehicles that eschew fossil fuel. Also noted in the plan, which Musk published on the company's website, is the company's more well-known pursuit of the consumer solar business through its planned acquisition of SolarCity. Tesla will "create stunning solar roofs with seamlessly integrated battery storage, expand the electric vehicle product line to address all major segments, develop a self-driving capability that is 10 (times) safer than manual via massive fleet learning, (and) enable your car to make money for you when you aren't using it," reads Musk's "Master Plan, Part Deux."
It has attempted to transform the car industry with its electric vehicles, but now Tesla has its sights set on developing electric trucks and buses that can drive themselves. Elon Musk, chief executive of California-based Tesla Motors, has unveiled his new'Master Plan' for the company to outline what he hopes to develop over the next decade. His vision includes extending Tesla's range of electric vehicles to include trucks for hauling cargo around the country and public transport. Elon Musk has unveiled his new master plan for his electric car company Tesla, which includes introducing new forms of electric transport like trucks and buses. Elon Musk has set out a new four point plan for the future of its electric car company.
It wouldn't be wrong to say that 2016 was a bit of a rollercoaster for Tesla. The company ventured into electricity generation with its Solar Roof tiles, moved closer to fully autonomous cars with Autopilot 2.0 and started the construction of its Gigafactory -- which will be the largest production facility in the world when completed, but it also had to go through troubles as its share price kept fluctuating due to the uncertainty around its merger with SolarCity. The year 2017 is expected to be the year when Tesla CEO Elon Musk's plans listed in his "Master Plan, Part Deux" take definitive shape. Model 3 launch: Tesla unveiled its mass-market oriented car, the Model 3, in April. The $35,000 car is expected to seat five people and come with advanced Autopilot hardware and software.