PALO ALTO, CALIFORNIA (REUTERS) - Elon Musk's so-called "master plan" is ambitious.
The Tesla CEO's strategy, unveiled in a blog post late on Wednesday (July 20), calls for going well beyond electric cars - producing electric pickups, commercial trucks, small sport utility vehicles and public buses.
The company also plans to get into ride-sharing, running its own fleet. And get this: he says all future Tesla vehicles will have fully self-driving capability.
All this would put Tesla in competition with big companies and startups that have huge head starts such as General Motors, Daimler, Google, Uber and Lyft.
However, Musk didn't unveil any financial info or specific timelines. "The document is relatively short on details, and it does not contain any economic or financial objectives," said Deutsche Bank analyst Rod Lache.
Tesla shares fell in early trading.
The company has been losing money, and it has repeatedly gone to the capital markets to raise funds to significantly expand production and develop the first mass-market electric car.