Tesla held 2023 Investor Day in Austin,Texas on Wednesday.Elon Musk,CEO of the company,took the stage to share the Master Plan 3 and introduced Tesla’s production expansion plan to cope with increasingly fierce competition.

Musk focused on Tesla’s vision and reviewed previous achievements,but did not elaborate on the details of Tesla’s new products or services.

Musk said shortly after the opening:”There is a clear path for the sustainable energy development of the earth.There is no need to destroy the natural home,return to the simple life,give up electricity,and endure cold or other harsh environment.”He added:”In fact,we can support a civilization that is much larger than the earth,and the number of human beings that can be fed on the earth in a sustainable way is far more than 8 billion.”

Musk initially took the stage with Drew Baglino,senior vice president of Tesla Powertrain and Energy Engineering.They said that Tesla would increase battery production in the future and play a role in”re-energizing the grid with sustainable fuels”.These new production will be used not only for Tesla’s electric vehicles,but also for the company’s utilities and energy storage systems.

They reiterated that Tesla’s goal is to achieve an annual output of 20 million electric vehicles by 2030.According to the company’s annual report,the delivery volume of electric vehicles in 2022 is about 1.31 million.

Zhu Xiaotong,head of Tesla manufacturing,announced that as of Wednesday,Tesla’s total production of electric vehicles had reached 4 million.

“It took 12 years for us to produce the first 1 million cars,18 months for the second 1 million cars,11 months for the third one,and less than 7 months for the fourth one.”He specially emphasized the company’s achievements in improving operational efficiency.

He said that Tesla plans to build new car and battery plants and will produce more cars in existing plants every year.

Rebecca Tinucci,the head of charging at Tesla,said that the company will provide 9 trillion watt hours of electricity through various charging methods in 2022,including home charging and 40000 super charging piles.By comparison,the entire United States uses about 4000 trillion watt-hours of electricity annually.Tinussi also pointed out that about half of the company’s super charging piles in Europe are open to other cars,and they have just opened 10 super charging piles to non-Tesla cars in the United States.

Franz von Holzhausen,the design director of Tesla,and Lars Moravy,the vice president of automotive engineering,showed many planned production adjustments to improve Tesla’s automotive production efficiency.However,Von Hozhausen said that Tesla would not release the”next generation”car yet.

Colin Campbell,vice president of power train of the company,said that the capacity of Tesla’s new power train plant would be the same as that of Austin,Texas,but half the size.He also said that the company was developing a new drive unit compatible with any battery and a motor without any rare earth metals.

Before the 2023 Investor Day,Mexican President Andres Manuel Lopez Obrador announced on Tuesday that Tesla had agreed to build a large factory in Monterrey,Mexico.He said that Tesla agreed to use recycled water and would take other measures to deal with the shortage of water resources in the region.

After a sharp fall in 2022,Tesla’s share price has rebounded sharply,with a cumulative increase of more than 60%since this year.However,the stock fell 1.43%before the investors’day on Wednesday,and the after-hours decline expanded to nearly 3%.

Mizuho Securities analysts maintained the”buy”rating of Tesla’s stock before the investors’day,and they believed that Tesla occupied a leading position in the growing pure electric vehicles.Mizuho Securities wrote in the research report released earlier this week:”In the short term,we believe that Tesla’s market share will still remain dominant,but with the listing of cheaper electric vehicles,it is possible to dilute Tesla’s share in the U.S.electric vehicle market.”

At present,Tesla’s cheapest model is the Model 3,which starts at about$43000 in the US market.Other car companies have about 7 models that are lower than this price.

Musk released the ambitious”Grand Plan 2″in 2016,but it has not yet been fully realized.The plan at that time included four major objectives:

• 　Create a first-class solar roof seamlessly integrated with energy storage batteries.
• 　Expand the electric vehicle product line to meet the needs of all mainstream market segments.
• 　Through large-scale fleet learning,develop driverless capability that is 10 times safer than manual driving.
• 　Let your car make money for you in your spare time.