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A Message of Hope and Optimism
Why Tesla's Investor Day was really good news for the people of Earth
Last week, Tesla hosted its annual investor day at its Austin Gigafactory.
The presentation contained some of the best news imaginable for humanity: civilization is on the cusp of a radical transformation to a sustainable energy economy, with Tesla leading the way.
Let’s take a closer look at Elon’s message of hope and optimism, and why Dogecoin could be its secret sauce.
Master Plan 3
On Wednesday, Tesla held its annual investor day.
This year, Elon unveiled his long-awaited Master Plan Part 3 for transitioning Earth to a fully sustainable energy future.
In 2006, he released his first Master Plan. It detailed how Tesla would bootstrap its way into auto market by starting with a high performance roadster and building progressively cheaper EVs.
Ten years later, Master Plan, Part Deux laid out next steps for solar, battery, and autopilot technology, as well as a strategy to address most of the consumer market for vehicles.
Last week, he released the third installment about how to transition global civilization to a sustainable energy economy.
Elon called called for a ten trillion dollar investment in manufacturing to achieve the task. The current global economy is estimated at roughly $100 trillion, meaning that if 1% is devoted to renewable energy it’s possible to reach sustainability in ten years.
The plan targets five areas to replace fossil fuels with sustainable energy.
Re-power the electrical grid with renewables (solar, wind, and battery technology)
Transition to electric vehicles (Tesla’s Model 3 is 4x more energy efficient than a Toyota Corolla)
Use heat pumps for building heating
Electrify high-temperature industrial chemical processes (cement, metals, fertilizers, plastics) with purpose-built equipment, and use green hydrogen for metal/chemical refining
Electrify boats and planes
A big advantage of sustainable sources of energy is that they are more efficient than electricity generated by fossil fuels.
For this reason, Tesla expects an electrified civilization will need half as much energy as the current “combustion economy.”
A sustainable economy will also require less mining and land use. According to Tesla’s calculations, it’s possible to generate enough electricity to power everything with less than 0.2% of the land on the planet.
At the end of the opening presentation, Elon summed up his vision for the future:
I really want today to be not just about Tesla investors who own stock but really anyone who is an investor in Earth. And what we’re trying to convey is a message of hope and optimism. Optimism that is based on actual physics and real calculations, it’s not wishful thinking. Earth can and will move to a sustainable energy economy, and it will do so in your lifetime.
Investor day contained several other highlights to suggest Tesla is fast becoming the world’s most innovative tech company.
The biggest came when Tesla announced a new Gigafactory in Mexico designed to serve new markets in Central and South America.
The factory is expected to cost $5B and employ 7,000 people. It could start producing cars as early as next year, the state’s governor said.
The Nuevo León factory will likely produce a yet-unveiled compact car that is expected to cost roughly half as much as Model 3/Y.
Tesla also hinted at plans to make an electric van.
We also got an update on the Optimus robot, including a stunning video clip showing Optimus building another robot.
Tesla is restructuring its vehicle assembly process so that robots can take on an increasing share of the labor to allow for a significant ramp in production.
Here are a few other highlights:
Tesla has broken ground on new Lithium Refinery in Corpus Christi
Existing factories in Austin and Nevada are expanding
Tesla completed its four millionth vehicle and its rate of production is increasing exponentially
Safety data showed that full self-driving is already 6x safer than the average human driver
If you want to dive deeper into what Tesla has planned, here’s the slide deck and a condensed video of the presentation’s key moments:
Master Plan 69420
The transition to a sustainable energy economy is good news for Dogecoin
Proof of Work cryptos like Bitcoin and Doge are frequently attacked for using electricity to secure the decentralized computer network that keeps track of their transactions.
These attacks typically come from defenders of current financial system. If you add up the costs of powering bank branches, ATMs, and other finance-related energy expenditures, there’s a good chance existing infrastructure already uses more electricity than crypto.
However, the possibility of low-cost, abundant renewable energy negates the entire argument: humanity will be free to choose which monetary system serves it best, not which one uses the least electricity.
Like the sustainable economy, a people-owned financial system is closer than most people think.
The idea is to create a global computer network that keeps track of the money supply.
Ownership of the network should be broadly distributed, so that anyone can participate. The more people run Dogecoin nodes and miners, the stronger the network becomes.
In an ideal world, every home on Earth would run a Dogecoin miner powered by renewable electricity.
It’d be impossible to corrupt or control the network because its participants are geographically dispersed independent actors, and the electricity used to run it is self-generated rather than purchased from energy companies.
Even better, everyone would essentially have their own money printer. Rather than allowing a few mega-banks to control access to newly created cash, it would be automatically be distributed across the world in the form of mining rewards.
So is Dogecoin secretly part of Tesla’s Master Plan?
As far as I could tell, Doge wasn’t mentioned by name during Investor Day.
However, everything that we saw foretells an improved and electrified civilization.
Dogecoin is a form of electric money—it’s literally backed by the energy expended to secure the network.
With any luck, the transition from the combustion economy to the sustainable one will be accompanied by the move from the petrodollar to digital cash.
That’d be a win for Tesla, a win for Doge, and a win for humanity.
Over the last 17 years, Tesla flawlessly executed Master Plans 1 and 2.
In doing so, they’ve turned electric vehicles from a sci-fi pipe dream into reality.
Now, Tesla is electrifying all of human civilization.
The upside of this transition should not be underestimated. It could dramatically reduce pollution, end natural resource wars, and level the economic playing field for regular people by ushering in a golden age…of Dogecoin.
Let’s see what happens!
Dogey Treats: News Bites
Elon tweeted, “The ability of Twitter advertising to reach the most influential people in the world is often not fully appreciated. While a few other social networks are technically bigger, Twitter is where the writers & leaders spend their time.”
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Disclaimer: This is not financial advice and I am not a financial advisor. The article above references an opinion for entertainment purposes only and it is not investment advice. Always assume that the author of the article is actively trading and that the opinions expressed may be biased towards the author’s holdings. Do your own research and consult with a licensed financial adviser before making any investment decision. Do not treat any opinion expressed in this newsletter as a specific inducement to make a particular investment. Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or cryptocurrency or to engage in any particular investment strategy. The information provided is not warranted as to completeness or accuracy and is subject to change without notice. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, cryptocurrency, or financial product does not guarantee future results or returns. Dogecoin is a speculative and highly volatile asset susceptible to pump-and-dump schemes.
At the time of publication, Dogecoin is around $0.08 per coin.