Tesla hosts Investor Day on March 1 and explains how to reduce the cost of electric cars by 50%

Elon Musk has already published Tesla's strategic plans twice, outlining major goals for several years. The first time was in 2006, and the second time 10 years later. The third plan is less than a month away.

Here's What We Know

The first plan, published in 2006, had 4 key points:

1. produce sports cars;
2. use the money from the sports cars to launch affordable cars;
3. use the money from affordable cars to launch even more affordable cars;
4. reduce emissions to zero.

Ten years later, Elon Musk introduced four more points:

1. create stunning solar roofs with seamless battery integration;
2. expand the range of electric cars for major market segments;
3. develop an autopilot system that improves safety by an order of magnitude;
4. allow the car to make money when the owner is not using it.

Tesla will host an event called Investor Day at its new headquarters in Texas on 1 March. During the conference, Elon Musk is expected to talk about how to cut the cost of electric cars in half compared to current levels.

Eventually Tesla could mass-produce battery-powered cars starting at $25,000. Real life may have its own view of the situation, though. For example, the Tesla Model 3 was supposed to sell for at least $35,000, but now the electric car costs $43,490 including a recent rebate. There is a government subsidy programme in the US though. The amount of the tax deduction for cars costing up to $55,000 that have been manufactured domestically is $7500.

Let's not forget that Tesla wants to increase annual vehicle production by an order of magnitude over the next few years. It is expected that by the end of 2023 at least 1.8 million vehicles will roll off the assembly line, and by the end of the decade the output will reach 20 million units.

Source: Electrek