The co-founder, CEO, and billionaire Elon Musk revealed a new ambitious master plan at the Investor Day event hosted by Tesla in Austin, Texas, on Wednesday. This new aspiration plan requires an investment of $10 trillion to achieve a “sustainable energy future”. The third part of Tesla’s master plan aimed at making efforts to reduce fossil fuel emissions and work on the path of sustainability. The plan also includes a complete transformation to electronic vehicles in the near future.
Elon Musk stated, “There is a clear path to a sustainable-energy Earth. It doesn’t require destroying natural habitats. It doesn’t require us to be austere and stop using electricity and be in the cold or anything.”
This new plan involves heavy investment in renewable energy and a shift to electric vehicles in the near future. The aim will be to develop 240 terawatt hours of energy storage and 30 TWH of renewable power generation as a part of this new plan. The company has also planned on increasing the production capacity of the function by integrating and utilising the power of AI in its functioning.
The company is taking firm steps to grow in the direction of sustainability and switching to energy-efficient and renewable energy sources. What’s your take on this move? Let us know in the comments!