Bernstein said Tesla’s (NASDAQ:TSLA) “Master Plan Part 3” announced at Wednesday’s investor event day looks at the long term but lacks details. The bank noted that Musk’s “grand chapter 3” is not so much Tesla’s roadmap as a hope for widespread electrification; Management updates, while informative, are not necessarily linear. As part of a larger vision, Tesla makes no mention of Boring Company and SpaceX, and rarely mentions of Tesla’s own solar business. Most importantly, Tesla did not provide more information about its upcoming lower-priced next-generation car, the bank noted. The bank has an “underperform” rating on Tesla’s stock and a $150 price target.