Tesla founder Elon Musk has announced his second Master Plan, that will see his company expand its product portfolio into electric trucks and buses, car sharing and solar energy systems.
The strategy was published in a blog post titled “Master Plan, Part Deux” which included plans to develop commercial vehicles and renewable energy.
“Now that Tesla is ready to scale Powerwall and SolarCity is ready to provide highly differentiated solar, the time has come to bring them together,” wrote Musk.
Tesla sold approximately $1.7 billion in new shares in May, which is expected to accelerate the development of its new Model 3 car lineup and reach a production of at least 500,000 vehicles a year by 2018.
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