Tech

Tesla's Blueprint for Saving the World: 'Master Plan Part 3’

Elon Musk has another plan to save the world.

Tesla has released its Master Plan Part 3, a white paper that contains the math behind its plan to save the world, according to Electrek.

Tesla Debuts Its New Crossover SUV Model, Tesla X
FREMONT, CA - SEPTEMBER 29: Tesla CEO Elon Musk speaks during an event to launch the new Tesla Model X Crossover SUV on September 29, 2015 in Fremont, California. by Justin Sullivan/Getty Images

Last month, the company held its Investor Day, in which Master Plan Part 3 was somewhat unveiled. What makes Master Plan 3 unique is that the Elon Musk-owned company presented the math of what it would take to transition the world to sustainable energy.

It also included what the company is doing and plans to do to be part of the plan.

Still, the main message behind the presentation is a transition to a world economy based on sustainability that can be done.

According to The Verge, the company projects it will take $10 trillion in investments to bring about a sustainable future powered by renewable energy.

Much of their vision involves expanding the world's energy storage capacity by up to 240TWh. The executives from Tesla said this could be done without the need to mine a significant amount of ore. According to Musk, they would only need less than 30 percent of all nickel on the Earth.

Also read: Tesla To Open 7,500 Chargers in the US to Other Electric Vehicles

3 New Vehicles

The Master Plan 3 also teased three new vehicles with the company's next-generation platform-a compact vehicle, a commercial/passenger vehicle, and a bus.

Master Plan 3 focused on seven vehicle fleet categories, and four out of them have been released. They plan to release three new cars under the compact vehicle segment in the commercial/passenger van market and a battery electric bus.

The giga factory in Mexico is where the magic will happen for the company's next-gen vehicle. However, Tesla has yet to announce which next-gen vehicle it will produce at the Giga factory.

The company also demonstrated the Unboxed Process, a new and more efficient vehicle manufacturing process that will be used for its next-generation vehicles.

The new process will let vehicles be built once in the assembly line and only paint the parts that need to be painted. It will also not use any rare earth minerals.

The Tesla CEO didn't mention anything about his other companies, such as SpaceX and The Boring Company, despite implying that Master Plan 3 would seek to connect his various ventures.

Tesla aims to make its products affordable to everyone, accelerating the transition to sustainable energy.

The white paper provides an in-depth look at how Tesla plans to achieve these goals, including developing new technologies and expanding its product lineup. It also highlights the importance of collaboration between companies and governments to make the transition to sustainable energy a reality.

Overall, the release of 'Master Plan Part 3' underscores Tesla's commitment to sustainability and its role as a leader in transitioning to a cleaner, greener future.

Related article: Is Elon Musk Still the Richest Man in the World After Tesla Stock Drop?

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Tesla, Elon Musk
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