Elon Musk is set to reveal 'Master Plan Part 3' at Tesla Investor Day after the bell

Electric conveyance shaper Tesla is acceptable to big an Investor Day presumption astatine 3:00 section clip successful Austin, Texas, connected Wednesday. CEO Elon Musk promised to stock his "Master Plan 3," and to sermon however Tesla plans to standard up successful the look of expanding competition.

Musk wrote successful a tweet connected Feb. 7, 2023, "Master Plan 3, the way to a afloat sustainable vigor aboriginal for Earth volition beryllium presented connected March 1. The aboriginal is bright!"

His ambitious Master Plan Part Deux was published successful 2016, and has not been wholly fulfilled. It included 4 main objectives:

• "Create stunning star roofs with seamlessly integrated artillery storage"
• "Expand the electrical conveyance merchandise enactment to code each large segments"
• "Develop a self-driving capableness that is 10X safer than manual via monolithic fleet learning"
• "Enable your car to marque wealth for you erstwhile you aren't utilizing it"

On Twitter, Tesla notified shareholders that its presumption volition beryllium disposable unrecorded connected YouTube, wherever the institution has traditionally streamed its events, but besides connected Twitter itself.

Musk acquired the San Francisco-based societal media institution for astir $44 cardinal successful October 2022, selling astir $23 cardinal worthy of his Tesla shares successful portion to concern the deal. He whitethorn uncover much details astir however the 2 program to enactment unneurotic moving forward.

As CNBC antecedently reported, Musk has authorized a myriad of Tesla, SpaceX and Boring Co. execs and engineers to enactment for him astatine Twitter.

Ahead of the 2023 Investor Day, astatine a property league connected Tuesday, Mexico president Andres Manuel Lopez Obrador said Tesla had agreed to physique a ample mill successful Monterrey, Mexico. He said Tesla agreed to usage recycled h2o and instrumentality different initiatives to header with water-scarcity successful the region.

The institution is expected to uncover much astir this and its different facilities, including its Shanghai plant, and the newer factories successful Austin, Texas and extracurricular of Berlin.

Investors are wondering whether and erstwhile Tesla volition yet present a new, much affordable electrical vehicle, and erstwhile the institution whitethorn yet fulfill its longstanding committedness of driverless technology.

In 2020, astatine a Tesla Battery Day event, Musk teased the anticipation of both, saying: "About 3 years from now, we're assured we tin marque a precise compelling $25,000 electrical conveyance that's besides afloat autonomous."

Musk has been promising a genuinely self-driving car since 2016. The institution inactive has not completed the cross-country, driverless demo Musk past said would beryllium imaginable by the extremity of 2017.

In February, the national conveyance information regulators successful the US and Tesla announced a voluntary callback of 362,758 vehicles. In a information callback notice, Tesla and the National Highway Traffic Safety Administration warned that the driver-assistance software, marketed arsenic Full Self-Driving Beta, may origin Tesla vehicles to disobey postulation laws and could origin crashes. (The institution plans to present a hole via an over-the-air bundle update.)

Despite the company's delays connected driverless tech, Tesla shares person rebounded from declines during 2022, and are up much than 60% for the twelvemonth truthful far.

According to Ortex, a abbreviated involvement tracker, "After delivering $4.5 cardinal successful profits to abbreviated sellers successful January, TSLA's 19% emergence successful February has helped heap connected losses for TSLA bears. ORTEX estimates that TSLA shorts incurred $3 cardinal successful losses for February, the biggest abbreviated nonaccomplishment of the period by a meaningful borderline (#2 was NVDA with a $1.5 cardinal nonaccomplishment for shorts)."

Mizuho Securities analysts maintained a bargain standing connected shares of Tesla up of Investor Day, seeing Tesla successful a enactment presumption successful a increasing marketplace for afloat electrical vehicles. They wrote, successful a enactment earlier this week, "Near-term, we spot continued spot successful TSLA's marketplace share, but spot cheaper rival EVs coming to marketplace arsenic perchance dilutive to TSLA's stock of the US EV market."

Currently, the lowest-priced Tesla disposable is the Model 3 sedan, which starts astatine a terms constituent of astir $43,000, they wrote. Seven models from different automakers are presently priced beneath that, Mizhuo noted.

Cannacord Genuity analysts ran a survey asking what Tesla watchers foretell volition beryllium discussed during the Investor Day presumption connected Wednesday. Most expected to perceive astir a "next-Gen conveyance platform," arsenic good arsenic details connected Tesla's mining plans, and an update to Tesla's longer-term conveyance measurement forecast done 2030.

This communicative is developing, delight cheque backmost for updates.

-- CNBC's Michael Bloom contributed to this report.