{"id":63553,"date":"2016-07-21T03:12:33","date_gmt":"2016-07-21T01:12:33","guid":{"rendered":"http:\/\/www.arabtelegraph.com\/?p=63553"},"modified":"2016-07-21T03:12:33","modified_gmt":"2016-07-21T01:12:33","slug":"musk-says-hes-ready-to-launch-new-tesla-master-plan","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=63553","title":{"rendered":"Musk says he&#8217;s ready to launch new Tesla &#8216;master plan&#8217;"},"content":{"rendered":"<p dir=\"ltr\"><strong><span class=\"articleLocatio&lt;\/span&gt;n\" style=\"transform: translate3d(0px, 0px, 0px);\">Tesla Motors Inc\u00a0Chief Executive Elon Musk said Wednesday he will roll out a new master plan for the electric luxury car maker this evening, after hints he intends to make Tesla a renewable energy enterprise offering products and services beyond vehicles.<\/span><\/strong><\/p>\n<p dir=\"ltr\">Musk told more than 4 million Twitter followers that a &#8220;post should go live on Tesla website&#8221; around 5:00 Pacific time. Earlier in the day, Musk had tweeted he was finishing work on a new plan for Tesla while listening to the soundtrack from the film version of the Great Gatsby.<\/p>\n<p dir=\"ltr\">Musk has said in tweets and public statements that an element of his strategy will involve linking Tesla&#8217;s electric vehicles to solar power products and services offered by SolarCity Corp, a solar energy company he is chairman of.<\/p>\n<p dir=\"ltr\">On June 21, Musk proposed that Tesla buy SolarCity. He outlined a combined company that could provide consumers with the tools for a largely carbon-free lifestyle &#8211; electric cars recharged with electricity generated by SolarCity solar panel systems, or stored in the home using battery packs produced by Tesla&#8217;s battery Gigafactory under construction near Reno, Nev.<\/p>\n<p dir=\"ltr\">Musk owns 22 per cent of SolarCity&#8217;s shares, and has outlined plans to offer buyers of Tesla electric vehicles a solar power generation and battery storage system. Tesla on June 22 filed applications to use the Tesla name for solar energy systems and services, such as monitoring solar panels.<\/p>\n<p dir=\"ltr\">Tesla shares rose 1.4 per cent in trading Wednesday, ahead of Musk&#8217;s announcement. SolarCity shares were up 2.6 per cent.<\/p>\n<p dir=\"ltr\">Both Tesla and SolarCity are burning cash. Tesla in May sold about $1.7 billion in new shares, indicating much of that will be used to accelerate development of its new Model 3 car lineup and reach a production pace of 500,000 vehicles a year by 2018, two years ahead of an earlier plan.<\/p>\n<p dir=\"ltr\">On Monday, SolarCity said it raised $345 million to fund projects, and increased its debt facility by $110 million.<\/p>\n<p dir=\"ltr\">Tesla faces challenges on other fronts.<\/p>\n<p dir=\"ltr\">The National Highway Traffic Safety Administration is investigating the safety of the &#8220;Autopilot&#8221; system that allows Tesla vehicles to guide themselves on a highway with the driver&#8217;s hands off the wheel for extended periods.<\/p>\n<p dir=\"ltr\">The NHTSA probe followed a May 7 crash in which the driver of a Tesla Model S was killed when the car drove under a tractor trailer on a Florida highway.<\/p>\n<p dir=\"ltr\">Musk said in a tweet earlier this week that Tesla is working with Robert Bosch GmbH on improvements to the Autopilot system&#8217;s radar sensors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla Motors Inc\u00a0Chief Executive Elon Musk said Wednesday he will roll out a new master plan for the electric luxury car maker this evening, after hints he intends to make Tesla a renewable energy enterprise offering products and services beyond vehicles. Musk told more than 4 million Twitter followers that a &#8220;post should go live &hellip;<\/p>\n","protected":false},"author":3,"featured_media":63564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-63553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-te-public"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Musk says he&#039;s ready to launch new Tesla &#039;master plan&#039; - Arab Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabtelegraph.com\/?p=63553\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Musk says he&#039;s ready to launch new Tesla &#039;master plan&#039; - Arab Telegraph\" \/>\n<meta property=\"og:description\" content=\"Tesla Motors Inc\u00a0Chief Executive Elon Musk said Wednesday he will roll out a new master plan for the electric luxury car maker this evening, after hints he intends to make Tesla a renewable energy enterprise offering products and services beyond vehicles. 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