Elon Musk Releases ‘Master Plan’ to Skepticism, Tesla’s Stock Dips

Elon Musk has a plan for the world. An ambitious, awe-inspiring plan. But it’s not clear whether the world shares in his dream.

On July 20, Elon Musk released his “Master Plan, Part Deux” on Tesla Motors’ website.

But, according to Forbes, shares of the company dipped 3.4 percent following his announcement.

Musk’s “Master Plan, Part Deux” outlines a world of self-driving cars, automated factories, and mainstream rooftop solar panels.

In his plan, Musk said that Tesla will add a “future compact SUV” and “a new kind of pickup truck” to the company’s fleet of electric vehicles. He also wants to manufacture electric 18-wheeler trucks and battery-powered buses.

But the newest version of Musk’s plan will have Tesla moving far beyond just manufacturing vehicles. In fact, Musk wants his company to become a beacon of sustainability and innovation, according to NBC News.

In his blog post, Musk calls for increased use of car sharing, and a broad range of sustainable energy projects tied to Tesla’s recent planned acquisition of SolarCity.

According to Tesla’s website, the car company’s goal has always been to bring readily available, zero emission vehicles to the public sphere.

Although Musk did elaborate on the fact that starting with a low-cost vehicle probably would have doomed the company from the start. So they went with high-tier, expensive vehicles in order to give the company a jumpstart.

“The list of successful car company startups is short. As of 2016, the number of American car companies that haven’t gone bankrupt is a total of two: Ford and Tesla,” Musk wrote in the blog post.

But skeptics have criticized Musk’s “Master Plan” for being short on specifics and overly ambitious, NBC News reported.

Analysts for the auto industry have called the Plan “mushy and vague,” according to the LA Times.

And the recent dip in stocks seem to show that investors are ambivalent about Musk’s vision — and perhaps a little scared of its seemingly unrealistic grandeur.

But while Musk’s dream is a noble one, the world wants to see him back it up with specifics, numbers and execution, the LA Times reported.

Only time will tell, it seems, if we’ll eventually live in a place where Musk’s dream becomes a reality.