Elon Musk Reveals Master Plan for Tesla and SolarCity; Joy Global, Humana, and Aetna Also Trending

Elon Musk Reveals Master Plan; Uber to Get More Competition

Tesla Motors Inc (NASDAQ:TSLA) is in the spotlight today after Elon Musk revealed his master plan in a blog entry titled Master Plan, Part Deux. According to the plan, Musk wants to “create a smoothly integrated and beautiful solar-roof-with-battery product that just works, empowering the individual as their own utility, and then scale that throughout the world. One ordering experience, one installation, one service contact, one phone app.”

Not surprisingly, for Musk’s master plan to work, Tesla will need to be successful in rallying shareholder support for its proposed buyout of SolarCity Corp (NASDAQ:SCTY). Although many shareholders have thus far been lukewarm on the proposed acquisition, citing the lack of synergies involved, support for the deal could increase now that Mr. Musk has made his intentions clear.

In addition to the solar vision, Elon Musk sees Tesla expanding into the manufacturing of compact SUVs, a new kind of pickup truck, a heavy-duty truck, and a high passenger-density urban transport vehicle, all of which will have fully self-driving and fail-operational capability. Many Tesla owners will also have the option of sharing their vehicles with the push of a button on a Tesla phone app to generate income when the vehicle isn’t needed. That will mean more competition for Uber in the future.

39 top funds in our system were long Tesla Motors Inc (NASDAQ:TSLA) at the end of March, while 23 funds owned shares of SolarCity Corp (NASDAQ:SCTY).

Disclosure: None