The investor occasion began almost half-hour after it was scheduled to start.
Beforehand, Musk tweeted “You’re not gonna believe this, but we’re running a little late!”
Musk kicked off the occasion by outlining a plan for a extra sustainable earth — a plan that appeared to have little to do with Tesla, apart from emphasizing the significance of electrical autos.
“Riding a non-autonomous gasoline car is gonna be analogous to riding a horse and using a flip phone,” he mentioned. The firm would publish a white web page with its plan quickly, he mentioned.
Tesla leaders revealed some adjustments to its manufacturing processes, hinting that the efficiencies can be used on a “next-gen” car, however design govt Franz von Holzhausen didn’t give particulars.
“I’d love to really show you what I mean and unveil the next-gen car,” he mentioned. “But, you’re gonna have to trust me on that until a later date.”
Tesla’s inventory value fell in the course of the occasion, slumping almost 2 p.c in after-hours buying and selling.
Meanwhile, the corporate has confronted demand and provide chain considerations, an growing old lineup of autos and broader considerations about manufacturing. Tesla has established itself because the market chief in electrical autos, breaking manufacturing and supply information and placing thousands and thousands of EVs within the arms of customers. But it has additionally confronted challenges in recent times, and its newest plans come as mainstream automakers pivot to electrical vehicles, creating extra competitors within the house.
Tesla has lengthy promised a pickup truck, which it dubs the Cybertruck, however has but to provide the mannequin — 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 not supplied specifics on an eventual launch. The firm late final 12 months delivered its first long-haul vehicles, dubbed the Tesla Semi.
Dan Ives, an analyst with Wedbush Securities, mentioned in an analyst word that Tesla’s plan would offer a key look into the corporate’s “operations and ability to meet demand seen for its vehicles globally over the coming years.”
The agency was additionally anticipated to supply updates on a possible manufacturing unit in Mexico, including to its main manufacturing hubs in Fremont, Calif., Austin, the Berlin area and Shanghai.