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Tesla’s Musk: I have a new ‘secret’ master plan, so stay tuned $TSLA

A decade after unveiling a “master plan” to turn Tesla Motors into an automotive powerhouse, founder Elon Musk has dropped a big hint that he’s going back to the drawing board.

The automaker has come under withering scrutiny over its ability to deliver on its promises, and a recent death involving one of its Model S cars. Yet on Sunday, the mogul announced on Twitter that he is working on a “secret master plan, part 2,” with details to come later this week.

Last quarter, the automaker cranked up production, yet continued to struggle to deliver them to clients.

The second quarter’s Model S and X deliveries were in fact lower than the 12,420 and 2,400, respectively, that were cranked out during Q1. In April, Tesla acknowledged problems making good on its order commitments, and cited its own “hubris” in not being able to meet those goals.

Video Aired: Thursday, 7 Jul 2016 | 1:56 PM ET
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