“There is a clear path to a fully sustainable earth with abundance,” Musk said. “The electrified economy will require less mining than the current economy.”
Tesla Chief Executive Elon Musk began his company’s Investor Day on Wednesday by describing a plan to eliminate fossil fuels from the economy.
“There is a clear path to a fully sustainable earth with abundance,” Musk said. “The electrified economy will require less mining than the current economy.” Tesla CEO Elon Musk focused the start of the presentation with an introduction of the company’s “Master Plan 3” for a “sustainable energy future.”Capturing the mass market is critical to Tesla’s goal of increasing deliveries 15-fold – to 20 million vehicles – by 2030. To do that, Tesla will have to improve its battery technology, which Musk has called the “fundamental limiting factor” for the transition to sustainable energy, making it a likely topic for Wednesday’s address.
Tesla has become the world’s most valuable car company by far, and the billionaire CEO has aspirations of cracking the mass market and turning the EV maker into a company that can create a more climate-friendly world.
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