Tesla Motors, with Elon Musk at its helm, clearly has ambitious plans to permeate the market with viable electric cars. But, investors wonder, is the financial basis for Musk's far-flung plans sound?
As reported in The New York Times, when Elon Musk announced Tesla's future plans last week, he did so in a glass-walled conference room surrounded by the auto factory that is changing the world's perception of electric vehicles. The manifesto consisted of a new strategic plan for Tesla that features provisions for electric buses and car sharing networks for driverless cars, among many other things.
His vision involves the use of solar power, combined with batteries that can store solar and wind power, thereby making the energy generated available for use anytime. The Tesla agenda is fueled by Elon Musk's sense of urgency over global warming, as quoted in the NYT.
"It's the most serious thing that humanity faces. It's the biggest problem in the world. The faster we can transition to low carbon, maybe, ultimately, to a negative carbon economy, the better."