Tesla Inc. plans to current a 3rd model of Elon Musk’s “grasp plan” subsequent month, virtually a full yr after the CEO mentioned he was engaged on a subsequent version.

The EV maker will define “the trail to a totally sustainable vitality future for Earth” throughout its March 1 investor day, Musk tweeted. Tesla has already mentioned its enlargement plans and next-generation platform for cheaper autos might be on the agenda.

Musk first printed a grasp plan for Tesla in 2006, outlining ambitions to construct a high-performance sports activities automotive and use proceeds from that product to step by step construct extra inexpensive electrical autos. Ten years later, he authored “half deux,” which detailed ambitions to construct photo voltaic roofs, increase into all main auto segments and develop self-driving functionality.

A lot of the second grasp plan stays unfinished enterprise.

The rollout of the photo voltaic roof was a bust, Tesla has simply 4 autos in quantity manufacturing and its vehicles aren’t autonomous. Tesla’s claims about self-driving capabilities — and Musk’s position in shaping them — at the moment are topic to investigations by the U.S. Justice Division and the U.S. Securities and Alternate Fee.

Tesla shares have soared greater than 1,200 % since Musk printed the second grasp plan, although the advance was tempered final yr by Musk’s acquisition of Twitter Inc. and lower-than-expected automobile deliveries. The inventory plunged 65 % in 2022, its first annual decline since 2016.

Shares in Tesla have risen early this yr on optimism that steep value cuts will revive gross sales progress. Musk mentioned final month the corporate will intention to supply 2 million vehicles this yr and decrease the impacts of value reductions by trimming prices.

The carmaker additionally expects to make some progress in padding out its lineup with the Semi that it began delivering to clients in December, and the Cybertruck slated to start restricted manufacturing later this yr.