Tesla's Elon Musk promises cheaper vehicles, | Global Market News
Tesla (TSLA) CEO Elon Musk returned to his day job on March 20 to carry an surprising company all-hands. It was a subdued Musk main the assembly, and at instances, he appeared extremely gracious to the employees of his electric vehicle company.The tone of the assembly was clearly upbeat and lacked some of the offended vitality Musk has proven in his function main the Department for Government Efficiency (DOGE) for President Donald Trump. This assembly was largely Musk, the tech visionary, not Musk, the crusading political activist.It was an uplifting view of what Musk believes his company can accomplish. Tesla stock mega bull provides Elon Musk an ultimatumRelated: Tesla stock mega bull provides Elon Musk an ultimatumThis was a man talking to staff who clearly (a minimum of those allowed to ask questions) love him and who imagine they’re half of a greater mission at Tesla. And, when you can doubt the timing of the assembly on account of activist calls to switch Musk as a result of he merely has too many roles, you possibly can’t query many of the issues he mentioned. The assembly confirmed Musk at his most optimistic, even when some of his predictions and proclamations are a little scary for anybody who has seen “Terminator.” 💸💰Don’t miss the transfer: SIGN UP for TheRoad’s FREE Daily publication💸💰
Musk was encouraging however measured in his speech.Image source: TheRoad
Musk needs to finish fossil fuelsIn some ways, Musk’s hour-long speech was type of a reset. He didn’t overtly distance himself from politics, however he did embrace some concepts on sustainability which might be partly why Tesla appealed to left-leaning Americans earlier than Musk’s involvement in politics.He opened with a very hopeful tone.”Our mission is to accelerate the world’s transition to sustainable energy. It’s only possible because of the incredible people here at Tesla. They are absolutely committed to the cause of sustainable energy and that is why we can do what no other company can do,” he mentioned,Musk didn’t particularly use the phrase vehicles when speaking about decreasing costs, however Tesla is primarily a car company.”We can make lower-cost products that are still efficient and compelling and we can make them at scale. We’re going to build them all in compact and high-output factories that are easy for us to build quickly. We work together in a way that allows us to ask the hard questions,” he mentioned.Musk then basically reaffirmed the company’s mission.”This is the product that will retire fossil fuels. We’re not just creating products. We’re creating a movement for sustainable energy for everyone,” he added. “…What we’re trying to convey is a message of hope and optimism. Optimism that is based on actual physics. Earth can and will move to a sustainable energy economy and will do so in your lifetime.”Musk makes a daring promise”Just imagine a future. What does that amazing future look like? How about a future where you can have any good or service you want at will? A future of abundance for all, where really anyone can have anything. It sounds impossible,” he shared.That’s a very daring promise, and Musk addressed how aggressive that concept appears.”It sounds like, surely such a thing cannot be the case. But what I’m here to tell you is that that will indeed be the case. That the future we’re headed for is one where you can literally just have anything you want,” he added.Musk’s feedback by no means bought political, however he did appear to be proposing a type of technology-driven socialism. “Like, if there’s a good or service you want, you’ll be able to have it, and ultimately, everyone in the world will be able to have anything they want. What’s key to that is robotics and AI. So once you have self-driving cars and you have autonomous humanoid robots, where everyone can have their own personal C3PO and R2D2, but even better than that, that’s Optimus,” he added. Optimus is Tesla’s human-like robot project named after the chief of the Transformers. Related: Barbara Corcoran says there’s just one good time to buy a homeMusk additionally seems to lean into a model of the long run that many people born within the Seventies thought would have occurred by now.”You can imagine, like, your own personal robot buddy that is a great friend but also takes care of your house, will clean your house, will mow the lawn, will walk the dog, will teach your kids, will babysit, and will also enable the production of goods and services basically with no limit. And when you combine that with sustainable energy from the sun and batteries, we can also, at the same time, also maintain a great environment. So that, I think, is the future that we want,” he shared.
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