Elon Musk speaks at Tesla’s 2023 investor day on March 1.
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Electric vehicle maker Tesla hosted a 2023 Investor Day presentation in Austin, Texas, on Wednesday. CEO Elon Musk took the stage to share his “Master Plan 3,” and to discuss how Tesla plans to scale up in the face of increasing competition.
The presentation was long on vision and general statements about moving to sustainable energy sources, but short on new specifics about how Tesla would help society achieve that vision.
Near the beginning of the presentation, Musk said, “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.” He added, “In fact, you could support a civilization much bigger than Earth, much more than the 8 billion humans could actually be supported sustainably on Earth.”
Musk was initially joined on stage by Senior Vice President of Powertrain and Energy Engineering at Tesla, Drew Baglino. They discussed a future in which the company would play a role in “re-powering the grid with renewable fuels” as they ramp up battery production, both for Tesla’s electric vehicles and for the company’s utility-scale energy storage systems.
Tesla’s goal is to produce 20 million electric vehicles per year by 2030, executives reiterated. The company reported full year deliveries of around 1.31 million vehicles in 2022.
The company’s charging leader, Rebecca Tinucci, said that in 2022 Tesla provided 9 terawatt hours across charging methods, including AC home charging and away-from-home charging points, including 40,000 Superchargers. The entire U.S. consumes about 4,000 terawatt hours of electricity per year. Tinucci also noted that about half of the company’s Superchargers in the EU are open to other vehicles, and that the company just opened 10 Superchargers in the US to other vehicles.
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