Elon Musk highlighted sustainability at Tesla's annual investor day. "There is a clear path to a fully sustainable Earth with abundance," Musk said.

Closing Bell

Sustainability Takes Center Stage at Tesla Investor Day

Tesla investors driving away from the E. V. Giant stock after its annual investor day Wednesday in Austin texas is taking the stage to deliver remarks long on vision but short on specifics and Tesla stock down 6%. This investor day started after hours after the stock market had closed. But investors not feeling so keen on what the Ceo had to say, musk sharing his so called master plan three as well as how Tesla plans to grow in an increasingly competitive space. Well, sustainability was center stage for musk as he spoke about supporting life on earth amid climate change. Tesla's electric vehicles, battery and energy and storage and solar panels, all aimed to make life more sustainable, all of which musk says is possible. There is a clear path to a fully sustainable earth with abundance. In fact, you could support a civilization much bigger than earth than that. Much more than the eight billion humans could actually be uh, supported sustainably on earth. Well, we didn't hear much about that cheaper electric vehicle model that some were expecting of course to come at Wednesday's event, steel industry insider dan Ives of Wedbush Securities, a frequent guest on our show riding in a note today that while there were no details on the lower priced model, he did acknowledge that quote, the stage is set end quote for the future vehicle to be made and scaled globally. Now tesla reiterating his plans to produce 20 million electric vehicles a year by 2030. It's got a long ways to go to reach that goal because the company delivered 1.3 million vehicles last year, so about 20 times, uh, the deliveries that we saw last year is the goal by 2030.