Tesla investors driving away from the E. V.
Giant stock after its annual investor day Wednesday in Austin
texas is taking the stage to deliver remarks long on
vision, but short on specifics and Tesla stock down
6%. This investor day started after hours after the
stock market had closed. But investors not feeling so
keen on what the Ceo had to say, musk
sharing his so called master plan three as well as
how Tesla plans to grow in an increasingly competitive space
. Well, sustainability was center stage for musk as
he spoke about supporting life on earth amid climate change
. Tesla's electric vehicles, battery and energy and storage
and solar panels, all aimed to make life more
sustainable, all of which musk says is possible.
There is a clear path to a fully sustainable earth
with abundance. In fact, you could support a
civilization much bigger than earth than much more than the
eight billion humans could actually be uh, supported sustainably
on earth. Well, we didn't hear much about
that cheaper electric vehicle model that some were expecting of
course to come at Wednesday's event, steel industry Insider
dan Ives of Wedbush securities, a frequent guest on
our show riding in a note today that while there
were no details on the lower priced model, he
did acknowledge that, quote, the stage is set
end quote for the future vehicle to be made and
scaled globally. Now, Tesla, reiterating his plans
to produce 20 million electric vehicles a year by 2030
. It's got a long ways to go to reach
that goal because the company delivered 1.3 million vehicles last
year. So about 20 times, uh, the
deliveries that we saw last year is the goal by 00:01:49.060 --> 2030.