$Tesla Motors(TSLA)$ $Tesla(TSLA.US)$ held its first Investor Day event on Wednesday at the Austin, Texas-based Gigafactory, where CEO Elon Musk unveiled the third part of his Master Plan.


In order to transition the global economy to a 100% clean and renewable sustainable energy economy by 2050, Musk believes that Tesla, the company, not the car, can help achieve this goal.


What Happened: Musk stated that a vast amount of battery energy storage is required at a very large scale to achieve the transition to sustainable energy.

# Will Tesla drag down the broader market?

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