SAN FRANCISCO — Elon Musk is ready to take the degree Wednesday to unveil his newest “Master Plan,” a highway map for Tesla as the auto corporate tries to get well from a difficult yr.
Tesla, the electrical automobile corporate this is key to Musk’s fortune, shed greater than part of its price after Musk started pursuing possession of Twitter, the social media website he bought in October for $44 billion. As Musk has faithful expanding consideration to Twitter, he has confronted investor power to show his dedication to the carmaker.
Meanwhile, the corporate has confronted call for and provide chain issues, an growing old lineup of automobiles, and broader issues about manufacturing. Tesla has established itself because the marketplace chief in electrical automobiles, breaking manufacturing and supply information and hanging tens of millions of EVs within the arms of shoppers. But it has additionally confronted demanding situations in recent times, and its newest plans come as mainstream automakers pivot to electrical automobiles, growing extra festival within the area.
Tesla has lengthy promised a pickup truck, which it dubs the Cybertruck, however has but to provide the style — which has an unorthodox, angular design — since unveiling it in 2019. Tesla has additionally promised a brand new model of its Roadster sports activities automobile, however has no longer supplied specifics on an eventual unencumber. The corporate, past due closing yr, delivered its first long-haul vehicles, dubbed the Tesla Semi.
Dan Ives, an analyst with Wedbush Securities, mentioned Tesla’s plan would offer a key glance into “Tesla’s operations and ability to meet demand seen for its vehicles globally over the coming years,” in an analyst be aware.
The corporate used to be additionally anticipated to offer updates on a possible manufacturing facility in Mexico, including to its primary manufacturing hubs in Fremont, Calif., Austin, Tx., the Berlin area and Shanghai.