1 00:00:08,680 --> 00:00:11,360 I I declare this meeting is now closed. 2 00:00:11,760 --> 00:00:43,120 Elon Musk. Thanks guys. 3 00:00:43,760 --> 00:00:46,240 First of all, I'd like to just give a heartfelt thanks to 4 00:00:46,960 --> 00:00:49,400 everyone who supported the, the shareholder votes. 5 00:00:50,480 --> 00:00:53,960 I super appreciate it. Thank you everyone. 6 00:00:55,800 --> 00:00:59,360 I'd like to take thank the, the Tesla board for their immense 7 00:00:59,360 --> 00:01:01,280 support. We have a fantastic board, 8 00:01:01,560 --> 00:01:04,519 fantastic group of shareholders. Thank you all. 9 00:01:07,000 --> 00:01:11,480 And, and, and what we're about to embark upon is not merely a 10 00:01:11,600 --> 00:01:15,480 new chapter of the future of Tesla, but a whole new book. 11 00:01:17,160 --> 00:01:18,280 And I'm going to talk about that. 12 00:01:20,520 --> 00:01:25,400 So this, this really is, this really is going to be quite the 13 00:01:25,400 --> 00:01:29,640 story. And optimist is a fundamental 14 00:01:29,640 --> 00:01:33,280 part of that. The, the, the sheer scale of 15 00:01:33,280 --> 00:01:38,000 optimists. I mean, I'm going to say a bunch 16 00:01:38,000 --> 00:01:45,480 of things that probably I shouldn't say, you know, but but 17 00:01:45,720 --> 00:01:47,160 but that's what keeps it interesting. 18 00:01:48,680 --> 00:01:51,720 I mean, have you have you watched any other annual 19 00:01:51,720 --> 00:01:55,680 shareholder meeting? I mean, honestly, it was like, I 20 00:01:55,680 --> 00:01:57,560 mean, if you need to go to sleep, sure. 21 00:01:57,560 --> 00:02:01,600 I mean, that other shareholder meetings are like snooze fest. 22 00:02:01,640 --> 00:02:03,480 I mean, but ours, ours are bangers. 23 00:02:03,480 --> 00:02:04,880 I mean, look at this. This is sick. 24 00:02:10,240 --> 00:02:13,280 And we got like the the cyberpunk nightclub here with 25 00:02:13,400 --> 00:02:18,480 real robots just standing there and mulling around and dancing 26 00:02:19,440 --> 00:02:23,800 And in a round out our engineering headquarters in Palo 27 00:02:23,800 --> 00:02:27,640 Alto, the robots just walking around the office 24/7 with no 28 00:02:27,640 --> 00:02:29,720 one minding them. They just and then they go 29 00:02:29,720 --> 00:02:36,240 charge themselves. And yeah, so the, the, the scale 30 00:02:36,240 --> 00:02:39,360 of, of, of optimists, I like I said, that's really going to be 31 00:02:39,360 --> 00:02:42,720 something else. I think it's going to be the 32 00:02:42,720 --> 00:02:45,960 biggest product of all time by far. 33 00:02:47,520 --> 00:02:54,360 Yeah. So like bigger than cell phones, 34 00:02:54,360 --> 00:02:58,440 bigger than anything. I guess the way to think about 35 00:02:58,440 --> 00:03:02,520 it is that every human on Earth is going to want to have their 36 00:03:02,520 --> 00:03:09,000 own personal R2D2C3PO. So who wouldn't? 37 00:03:10,280 --> 00:03:12,160 But actually Optimus will be even better than them. 38 00:03:12,640 --> 00:03:15,880 You know, like, you know, RTD to you, it's kind of beep at you 39 00:03:15,880 --> 00:03:18,160 and it's kind of hard to figure out what he's got talking about. 40 00:03:19,840 --> 00:03:23,440 You know, you can see 3PO to translate, but Optimus is going 41 00:03:23,440 --> 00:03:27,800 to be like everyone's going to want one. 42 00:03:27,800 --> 00:03:32,080 I think within terms of industry providing products and services, 43 00:03:32,640 --> 00:03:36,600 I think it's probably, I don't know, three to five robots in 44 00:03:36,600 --> 00:03:39,840 industry for every, you know, one that's a personal robot. 45 00:03:40,320 --> 00:03:44,880 I, I think there could be 10s of billions of, of optimist robots 46 00:03:44,880 --> 00:03:48,560 out there now. Obviously it's very important we 47 00:03:48,960 --> 00:03:53,320 pay close attention to safety here because we, we do, we do 48 00:03:53,320 --> 00:03:58,400 want the, the, the Star Wars movie, not the Jim Cameron 49 00:03:58,400 --> 00:04:02,720 movie. I love Jim Cameron's movies, but 50 00:04:03,360 --> 00:04:17,720 you know, you know what I mean? So yeah, yeah. 51 00:04:17,720 --> 00:04:23,920 So, so we're, we're going to launch on the, the fastest 52 00:04:24,080 --> 00:04:28,120 production ramp of of any product of any large complex 53 00:04:28,120 --> 00:04:34,440 manufactured product ever and starting with building 1,000,000 54 00:04:34,440 --> 00:04:38,000 unit production line in, in Fremont. 55 00:04:39,560 --> 00:04:42,480 And that's, that's, that's line 1. 56 00:04:43,880 --> 00:04:48,680 And then a 10 million unit per year production line here on the 57 00:04:48,720 --> 00:04:58,480 I don't know where we're going to put the 100 million unit 58 00:04:58,480 --> 00:05:03,360 production line maybe on Mars, I don't know. 59 00:05:04,800 --> 00:05:08,520 But, but I think it's, it's going to literally get to 100 60 00:05:08,520 --> 00:05:10,960 million a year, maybe even a billion a year. 61 00:05:12,720 --> 00:05:19,080 And you know, people often talk about like eliminating poverty, 62 00:05:19,080 --> 00:05:22,240 giving everyone amazing medical care. 63 00:05:23,080 --> 00:05:25,720 Well, there's actually only one way to do that, and that's with 64 00:05:26,640 --> 00:05:29,840 the Optimist robot. With, with humanoid robots, you 65 00:05:29,840 --> 00:05:33,480 can actually give everyone amazing medical care. 66 00:05:34,840 --> 00:05:41,360 So in terms of optimists will be more precise, optimists will 67 00:05:41,360 --> 00:05:44,200 ultimately be better than the best human surgeon with a level 68 00:05:44,200 --> 00:05:47,400 of precision that that isn't possible, that that is beyond 69 00:05:47,400 --> 00:05:51,400 human. So I think that's that's a 70 00:05:51,400 --> 00:05:55,560 pretty wild concept to say, OK, if you, you know, there's all 71 00:05:56,120 --> 00:05:58,440 people always talked about eliminating poverty, but 72 00:05:58,760 --> 00:06:02,000 actually optimists will actually eliminate poverty. 73 00:06:02,320 --> 00:06:05,080 Optimists will actually give people incredible medical care. 74 00:06:14,080 --> 00:06:20,480 So I mean, and so you start getting like sort of some pretty 75 00:06:20,480 --> 00:06:29,440 wild sci-fi sort of scenarios where in some of these things I 76 00:06:29,440 --> 00:06:32,160 say will always be taken out of context and using snippets and, 77 00:06:32,320 --> 00:06:33,520 you know, center output, whatever. 78 00:06:33,520 --> 00:06:36,240 I was only going to say, you know, like, I think we might, 79 00:06:36,240 --> 00:06:40,200 may be able to give people a more if somebody's committed 80 00:06:40,200 --> 00:06:44,800 crime, a more humane form of containment of future crime, 81 00:06:45,240 --> 00:06:49,760 which is if if you, if you say, like you now get, you now get a 82 00:06:49,760 --> 00:06:52,040 free optimist and it's just going to follow you around and 83 00:06:52,040 --> 00:06:56,880 stop you from doing crime. But other than that, you get to 84 00:06:56,880 --> 00:07:00,040 do anything just it's just going to stop you from committing 85 00:07:00,040 --> 00:07:01,200 crime. That's, that's really it. 86 00:07:03,000 --> 00:07:05,160 You know, you don't have to put people in like prisons and 87 00:07:05,160 --> 00:07:07,040 stuff. I think it's pretty wild to 88 00:07:07,040 --> 00:07:10,000 think of the various of all the possibilities, but I think it's 89 00:07:10,640 --> 00:07:12,440 it's clear it's clearly the future. 90 00:07:14,520 --> 00:07:20,120 And you know, my book recommendation for the maybe the 91 00:07:20,120 --> 00:07:24,960 best mostly utopian sci-fi future are the N Banks books, 92 00:07:24,960 --> 00:07:27,440 the culture books. So if you're curious, like what 93 00:07:27,440 --> 00:07:28,920 what do I think the future is probably like? 94 00:07:28,920 --> 00:07:35,200 I think it's probably a bit like that or, you know, as mob to 95 00:07:35,200 --> 00:07:37,920 some degree. But but but I think it's and 96 00:07:37,920 --> 00:07:42,960 Heinlein, but in banks, if if you're like saying what, what, 97 00:07:42,960 --> 00:07:46,000 what, what does Elon think the future probably will be like for 98 00:07:46,240 --> 00:07:55,880 AI and robots? It's kind of banks in so now 99 00:07:56,040 --> 00:07:59,240 and, and, and things do get kind of wild from an economic 100 00:07:59,240 --> 00:08:07,240 standpoint, because at a certain point with AI and robotics, you 101 00:08:07,240 --> 00:08:11,280 can actually increase the global economy by a factor of 10 or 102 00:08:11,280 --> 00:08:14,640 maybe 100. There's there's not like an 103 00:08:14,640 --> 00:08:22,120 obvious limit. So like, optimist is kind of 104 00:08:22,120 --> 00:08:29,520 like an infinite money glitch, you know, and maybe they won't 105 00:08:29,520 --> 00:08:34,960 even be money in the future or money, but it might be measured 106 00:08:34,960 --> 00:08:39,679 in terms of wattage, like how much, you know, power can you 107 00:08:39,679 --> 00:08:42,159 bring to bear from an electrical standpoint. 108 00:08:44,880 --> 00:08:49,160 So I guess what I'm saying is hang on to your Tesla stock. 109 00:08:59,610 --> 00:09:06,770 So yeah, man, it's pretty wild. You're welcome. 110 00:09:08,720 --> 00:09:10,400 Let's see, I think we got some slides to go through. 111 00:09:12,760 --> 00:09:14,200 We see ad Lib a lot of this stuff. 112 00:09:14,200 --> 00:09:21,840 But so the, the, you know, when we started Tesla, the, the, the 113 00:09:21,840 --> 00:09:25,680 goal was to accelerate the advent of sustainable energy and 114 00:09:25,680 --> 00:09:29,840 that is that's what we've done. I mean, Tesla has really led the 115 00:09:29,840 --> 00:09:33,120 way in with, with electric vehicles, with battery packs, 116 00:09:33,560 --> 00:09:37,040 with a lot of solar. And many other companies have 117 00:09:37,360 --> 00:09:39,080 then followed our lead and done that. 118 00:09:39,440 --> 00:09:43,920 And electric cars which used to be non existent are now 119 00:09:43,920 --> 00:09:48,320 prevalent. And, and the Model Y, for 120 00:09:48,320 --> 00:09:51,480 example, is the number one selling car of any kind on 121 00:09:51,480 --> 00:10:04,170 earth. But obviously now with, with AI 122 00:10:04,170 --> 00:10:10,200 and robotics, we need to update our mission and our mission. 123 00:10:11,120 --> 00:10:13,680 I think it's good. It's, it's, it's, it's a great 124 00:10:13,680 --> 00:10:18,120 mission, which is to achieve sustainable abundance, which is, 125 00:10:18,720 --> 00:10:21,720 it's like, because I often ask people like, what is the future 126 00:10:21,720 --> 00:10:24,600 that you want? What's the best future you can 127 00:10:24,600 --> 00:10:27,880 imagine? You know, because we want to try 128 00:10:27,880 --> 00:10:30,840 to make that future, like make the best future you can imagine. 129 00:10:31,680 --> 00:10:38,000 And, and I guess probably the best future is if people, you 130 00:10:38,000 --> 00:10:39,960 know, can have whatever they want from a goods and services 131 00:10:39,960 --> 00:10:41,760 standpoint or medical standpoint. 132 00:10:43,320 --> 00:10:47,800 And, but at the same time, we, we don't destroy nature and we, 133 00:10:47,800 --> 00:10:50,200 we keep the rainforests and the, the, the beautiful national 134 00:10:50,200 --> 00:10:52,040 parks and, and all the, all that stuff. 135 00:10:52,360 --> 00:10:55,080 And so that's, that's what I mean by sustainable abundance, 136 00:10:56,360 --> 00:10:59,920 is that people, you know, can have whatever they want, have 137 00:10:59,920 --> 00:11:03,240 all the needs met, but we still keep all of the natural beauty 138 00:11:03,240 --> 00:11:13,960 that we want. I mean, if somebody can think of 139 00:11:13,960 --> 00:11:17,720 a better future, I'm all ears. But I think that's that's 140 00:11:17,720 --> 00:11:19,280 probably the best, the best way to go. 141 00:11:20,760 --> 00:11:24,000 So, yeah. See. 142 00:11:24,200 --> 00:11:30,240 So, yeah, as you know, every test is designed to be 143 00:11:30,360 --> 00:11:34,640 autonomous. So the it's so nice. 144 00:11:34,640 --> 00:11:36,600 Difficult to explain to people if they've not. 145 00:11:36,640 --> 00:11:39,000 In fact, I'm sure you've all encountered this where you try 146 00:11:39,000 --> 00:11:42,640 to tell people that the Tesla can drive itself and they they 147 00:11:42,640 --> 00:11:47,720 think you're crazy or something. I mean, especially like apart 148 00:11:47,720 --> 00:11:50,680 from the cyber truck, our cars look pretty normal. 149 00:11:51,480 --> 00:11:54,360 I mean, they're good looking cars, but they don't look super 150 00:11:54,840 --> 00:12:01,160 then they look normal. But I guess it's kind of like 151 00:12:01,160 --> 00:12:05,080 having a cat or like, and, and the cats are sitting. 152 00:12:05,080 --> 00:12:07,240 Let's say you've got a cat and it's like just sitting there on 153 00:12:07,240 --> 00:12:11,520 the couch and you try to tell people that the cat can 154 00:12:11,520 --> 00:12:15,000 actually, it's actually Puss in Boots and, and it, and it can 155 00:12:15,000 --> 00:12:19,000 actually put on boots and a hat and, and swashbuckle and sing 156 00:12:19,000 --> 00:12:20,960 and dance. And people are like, no way, 157 00:12:20,960 --> 00:12:26,920 man, that's a cat until the cat does all those things and you're 158 00:12:26,920 --> 00:12:34,000 like, damn, what the. So we've got, you know, millions 159 00:12:34,000 --> 00:12:39,400 of Tesla cars out there that are the kind of like person boots 160 00:12:39,400 --> 00:12:42,480 that they're intelligent, but people don't know that they're 161 00:12:42,480 --> 00:12:45,400 intelligent. They look like normal cars, but 162 00:12:45,400 --> 00:12:48,000 actually they're super smart and can drive themselves. 163 00:12:48,840 --> 00:12:52,160 So as I think that's probably the single biggest thing we need 164 00:12:52,160 --> 00:12:57,440 to do is to educate potential customers that you can either 165 00:12:57,440 --> 00:12:59,960 have a car, you can either have a cat that's like normal cat, or 166 00:12:59,960 --> 00:13:02,080 you can have person boots and person boots is very cool. 167 00:13:04,960 --> 00:13:10,640 So that's, so we've these days when people come to our stores 168 00:13:11,560 --> 00:13:14,560 and, or even people that have the car haven't turned it on, we 169 00:13:14,560 --> 00:13:18,360 find, and sometimes people have paid for FSD and haven't turned 170 00:13:18,360 --> 00:13:19,360 it on. We're like what you should at 171 00:13:19,360 --> 00:13:25,600 least try it once. And so now we like the sales 172 00:13:25,600 --> 00:13:28,680 team, the service team will actually sit with customers and 173 00:13:28,680 --> 00:13:32,040 say, look, let us show you how it works and how easy it is. 174 00:13:32,880 --> 00:13:37,000 And then once they've tried it for even just a few days, they, 175 00:13:37,000 --> 00:13:41,920 they can't live without it. And, and, and now with version 176 00:13:41,920 --> 00:13:47,200 14, we're actually getting to the point where we almost feel 177 00:13:47,200 --> 00:13:51,560 comfortable allowing people to text and drive, which is kind of 178 00:13:51,560 --> 00:13:54,440 the killer app because that, that's really what people want 179 00:13:54,440 --> 00:14:02,320 to do and, and do do. And actually right now the, you 180 00:14:02,320 --> 00:14:08,080 know, the versions, you know, the cars a little strict about 181 00:14:08,440 --> 00:14:14,560 keeping your eyes on the road. And but I'm confident that in 182 00:14:14,560 --> 00:14:18,160 the next month or two, we should we we, we're going to look 183 00:14:18,160 --> 00:14:21,480 closely at the safety statistics, but we will allow 184 00:14:22,440 --> 00:14:27,160 you to text and drive essentially. 185 00:14:30,440 --> 00:14:43,120 Yeah. So yeah, that's that's, it's 186 00:14:43,160 --> 00:14:45,320 certainly about the current situation, which often people 187 00:14:45,320 --> 00:14:49,440 will actually turn off FSD to text, then turn it back on, 188 00:14:49,840 --> 00:14:54,640 which is less safe. So, so yeah, that's probably the 189 00:14:54,640 --> 00:14:59,560 single biggest thing is, is just get people aware of FSD and then 190 00:14:59,560 --> 00:15:01,560 obviously we need to get it approved in in Europe. 191 00:15:01,560 --> 00:15:04,160 So we certainly appreciate the support of our customers in 192 00:15:04,160 --> 00:15:07,800 Europe pushing the regulators to approve FSD because you can't 193 00:15:07,800 --> 00:15:11,920 even get a super, even just normal supervised FSD is not 194 00:15:11,920 --> 00:15:14,920 allowed in Europe currently, which doesn't make any sense. 195 00:15:14,920 --> 00:15:16,760 And I've had these like crazy conversations with the 196 00:15:16,760 --> 00:15:20,960 regulators that seem like a Franz Kaka novel where where I'm 197 00:15:20,960 --> 00:15:25,160 like, well, look, we have, you know, billions of kilometers of 198 00:15:25,560 --> 00:15:28,040 data that shows that FSD increases safety. 199 00:15:29,440 --> 00:15:31,040 And they're like, well, we have to have all these committee 200 00:15:31,040 --> 00:15:32,800 meetings. I'm like, yeah, but people's 201 00:15:32,800 --> 00:15:36,120 lives are at stake here. So definitely a pressure from 202 00:15:36,120 --> 00:15:39,720 our customers in Europe to to push the regulators to approve 203 00:15:39,720 --> 00:15:43,120 would be appreciated. And then we have partial 204 00:15:43,120 --> 00:15:45,720 approval in China. And we hopeful, hopefully will 205 00:15:45,720 --> 00:15:49,760 have full approval in China around February or March or so. 206 00:15:49,760 --> 00:15:50,920 That's what that's what they've told us. 207 00:16:00,880 --> 00:16:06,560 Yeah, but yeah, the, the, the fact that every Tesla car is 208 00:16:06,560 --> 00:16:08,880 capable of full self driving, every car we build and have 209 00:16:08,880 --> 00:16:12,360 built for the last several years is capable of full self driving 210 00:16:12,360 --> 00:16:14,960 is, is pretty wild. And most people don't don't know 211 00:16:14,960 --> 00:16:19,720 that. So, and then we've got the the 212 00:16:19,720 --> 00:16:25,880 first car that is specifically built for unsupervised full self 213 00:16:25,880 --> 00:16:30,280 driving to be to be a robotaxi. It's called a cyber cab. 214 00:16:30,760 --> 00:16:33,160 It doesn't even have pedals or steering wheel. 215 00:16:35,480 --> 00:16:41,440 Yeah. So notice there's no side view 216 00:16:41,440 --> 00:16:43,080 MERS. There's no yeah. 217 00:16:43,080 --> 00:16:46,920 So it's it's and it's very much optimized to minute for for the 218 00:16:46,920 --> 00:16:50,120 lowest cost per mile in our in our autonomous mode. 219 00:16:51,320 --> 00:16:55,320 And that production is happening right here in this factory and 220 00:16:55,320 --> 00:16:57,400 we'll be starting production in April next year. 221 00:17:06,940 --> 00:17:12,780 So the, the way that Cyber cab is designed is it's, it's, it's 222 00:17:12,859 --> 00:17:17,819 designed obviously for a purely autonomous world, but also the 223 00:17:18,260 --> 00:17:23,500 manufacturing system is unlike any other car. 224 00:17:24,380 --> 00:17:27,700 It manufacturing system of the cyber cab. 225 00:17:28,380 --> 00:17:32,280 It's, it's sort of it's closer to a high volume consumer 226 00:17:32,280 --> 00:17:35,360 electronics device than it is a car manufacturing line. 227 00:17:36,080 --> 00:17:40,760 So the net result is that I think we should be able to 228 00:17:40,760 --> 00:17:46,680 achieve, I think ultimately less than a 10 second cycle time 229 00:17:46,680 --> 00:17:52,080 basically unit every 10 seconds, maybe ultimately take a few 230 00:17:52,080 --> 00:17:55,520 years to get there, but it's theoretically possible to get to 231 00:17:55,880 --> 00:18:03,960 a 5 second production time. And so, So what that would mean 232 00:18:03,960 --> 00:18:09,360 is you could get on a, on a line that would normally produce, say 233 00:18:09,360 --> 00:18:17,200 500,000 cars a year at a one minute cycle time, like Model Y, 234 00:18:17,760 --> 00:18:24,440 the this, this would be maybe as much as, you know, two or three 235 00:18:24,440 --> 00:18:28,400 million, maybe ultimately, you know, it's theoretically 236 00:18:28,400 --> 00:18:32,960 possible to achieve a 5 million unit production line if you, if 237 00:18:32,960 --> 00:18:34,640 you can get to the 5 second cycle time. 238 00:18:35,760 --> 00:18:49,360 So it's a lot of cars. So these, these will be 239 00:18:49,680 --> 00:18:59,480 everywhere in the future. So I wanted, we wanted to look 240 00:18:59,480 --> 00:19:01,200 futuristic. So like it changes the look of 241 00:19:01,200 --> 00:19:15,360 the roads Now the yeah, the ingredients, when you look at 242 00:19:15,360 --> 00:19:20,720 what Optimus is, what's required to make Optimus and the various 243 00:19:20,720 --> 00:19:24,320 ingredients, what do you need to do to make, to do high volume 244 00:19:24,920 --> 00:19:28,680 humanoid robot production? I think it's worth considering 245 00:19:28,680 --> 00:19:32,520 that really the cars we make are already robots, but they're 4 246 00:19:32,520 --> 00:19:35,440 wheeled robots. So Tesla is already the biggest 247 00:19:35,440 --> 00:19:38,640 robot manufacturer in the world because every car we make is a 248 00:19:38,640 --> 00:19:41,560 robot. And when you break it down to 249 00:19:41,560 --> 00:19:43,960 the fundamental elements you've got, you've got batteries, power 250 00:19:43,960 --> 00:19:52,160 electronics, motors, gearboxes, you've got, you know, 251 00:19:52,440 --> 00:20:00,600 connectivity, you've got a vision based AI high Optimus and 252 00:20:02,320 --> 00:20:05,760 you know all the various pieces that you need for a humanoid 253 00:20:05,760 --> 00:20:07,720 robot. You need the AI chip, you need 254 00:20:07,720 --> 00:20:11,440 the AI software, you need to be able to manage a large fleet. 255 00:20:12,600 --> 00:20:18,600 And and so really Optimus is a robot with arms and legs as 256 00:20:18,600 --> 00:20:20,680 opposed to as opposed to a robot with wheels. 257 00:20:22,440 --> 00:20:26,360 So. You know, Tesla's ideally 258 00:20:26,360 --> 00:20:29,320 suited, I think to, to make, to succeed in this arena. 259 00:20:34,120 --> 00:20:38,200 You, you, you will see certainly many companies showing 260 00:20:38,200 --> 00:20:41,880 demonstration robots. There's really three things that 261 00:20:41,880 --> 00:20:43,600 are super difficult about robots. 262 00:20:43,600 --> 00:20:47,600 One is the engineering of the forearm and hand, because the 263 00:20:47,600 --> 00:20:50,960 human hand is an incredible, incredible thing. 264 00:20:50,960 --> 00:20:57,680 Actually, it's super dexterous. So engineering the hand really 265 00:20:57,680 --> 00:21:04,480 well, the real world AI and then volume manufacturing, those are 266 00:21:04,480 --> 00:21:08,160 generally the things that are missing one or more of those 267 00:21:08,160 --> 00:21:09,600 things I'm missing from other companies. 268 00:21:10,320 --> 00:21:12,560 So Tesla is the only one that has all three of those. 269 00:21:14,320 --> 00:21:16,000 Yeah. So yeah. 270 00:21:24,200 --> 00:21:30,160 So this is the Optimus kind of initial, it's a kind of 271 00:21:30,160 --> 00:21:34,320 prototype production line. The the high volume production 272 00:21:34,320 --> 00:21:36,040 line will be very automated, obviously. 273 00:21:36,040 --> 00:21:39,520 But this is this is really the production line that we use to 274 00:21:39,920 --> 00:21:42,320 make the prototypes. So you can get a sort of rough 275 00:21:42,320 --> 00:21:45,040 sense for what it takes to build the robot. 276 00:22:02,160 --> 00:22:18,360 To pull the finger and then as I've said before, I 277 00:22:18,360 --> 00:22:22,640 think once we reach about 1,000,000 units per year of 278 00:22:22,640 --> 00:22:25,960 sustained production or in excess of that, I think probably 279 00:22:25,960 --> 00:22:32,240 the cost of production is around $20,000 in current year, current 280 00:22:32,240 --> 00:22:37,280 year dollars. So this will be certainly very 281 00:22:37,280 --> 00:22:43,080 affordable. And yeah, like I said, I think 282 00:22:43,280 --> 00:22:49,520 Optimus will ultimately increase the size of the economy probably 283 00:22:49,520 --> 00:22:54,760 by a factor of 10 or more. You know, next year we saw 284 00:22:54,760 --> 00:22:56,680 production with Optimus version 3. 285 00:22:57,360 --> 00:23:00,040 This what you're seeing here is Optimus version 2.5. 286 00:23:00,760 --> 00:23:06,400 Optimus 3 is, is an incredibly good, good design. 287 00:23:06,760 --> 00:23:08,800 The tells the engineering team is amazing. 288 00:23:10,880 --> 00:23:22,090 When you see Optimus 3, yeah, you it will seem as though that 289 00:23:23,130 --> 00:23:27,210 there's someone like a like a person in a robot outfit, which 290 00:23:27,210 --> 00:23:32,250 is how we started with Optimus. It really is going to be 291 00:23:32,250 --> 00:23:38,570 something special. And then Optimus, Optimus 4, you 292 00:23:38,570 --> 00:23:42,880 know that that hopefully starts production in 27 and then 293 00:23:42,880 --> 00:23:45,600 Optimus 5 and 28. So it's kind of like an annual 294 00:23:45,600 --> 00:23:50,400 release cycle with significant improvements with each one and 295 00:23:50,600 --> 00:23:54,880 and gigantic increases in the scale of production. 296 00:23:57,440 --> 00:24:03,000 So yeah, sustainable abundance via AI and robotics. 297 00:24:03,360 --> 00:24:04,360 That's the future we're headed for. 298 00:24:14,600 --> 00:24:18,960 And as as I think most people here know, the safety statistics 299 00:24:19,040 --> 00:24:25,000 show that miles driven on FSD are much safer than miles driven 300 00:24:25,000 --> 00:24:29,040 with without it. So what this will translate to 301 00:24:29,040 --> 00:24:32,760 ultimately is saving the lives of millions of people and 302 00:24:32,760 --> 00:24:35,000 preventing hundreds of millions of accidents. 303 00:24:35,800 --> 00:24:42,280 So a massive increase in the in, you know, lives sold and and 304 00:24:42,400 --> 00:24:45,200 tragedies avoided. It's going to be amazing. 305 00:24:54,360 --> 00:24:57,480 And how many people here have tried 14.1? 306 00:24:58,160 --> 00:24:59,800 OK, all right. Cool. 307 00:25:02,320 --> 00:25:05,240 Yeah, You can see the even with the point releases, it's getting 308 00:25:05,240 --> 00:25:07,720 quite a bit better. It should be pretty smooth at 309 00:25:07,720 --> 00:25:13,200 this point. But really 14.2 is that there 310 00:25:13,200 --> 00:25:16,240 are major changes, 14.2 and then 14.3. 311 00:25:17,760 --> 00:25:22,280 And I think I think by 14.3 is when we'll really be at the 312 00:25:22,280 --> 00:25:26,120 point where you can just pretty much fall asleep and wake up at 313 00:25:26,120 --> 00:25:38,380 your destination. So, and then I've been putting a 314 00:25:38,380 --> 00:25:43,500 lot of time into the new Tesla chip design because in order to 315 00:25:43,500 --> 00:25:48,600 have a functional robot, you have to have a great AI chip and 316 00:25:48,600 --> 00:25:51,680 it needs to be an inexpensive chip and it needs to be very 317 00:25:51,680 --> 00:25:56,680 power efficient. So we, we, we believe the AI5 318 00:25:56,680 --> 00:26:02,920 chip will be probably about 1/3 of the power of say something 319 00:26:02,920 --> 00:26:06,040 like a Blackwell and a video Blackwell, which is great, a 320 00:26:06,040 --> 00:26:12,680 great chip for roughly A comparable performance and about 321 00:26:12,680 --> 00:26:14,920 and, and much less than 10% of the cost. 322 00:26:16,320 --> 00:26:24,720 So. This is a chip that is that is 323 00:26:24,720 --> 00:26:27,840 very much optimized for the Tesla AI software stack. 324 00:26:28,400 --> 00:26:31,360 So it's it's not meant to be a general purpose chip. 325 00:26:31,360 --> 00:26:34,760 It's meant to be an amazing chip for the Tesla AI software. 326 00:26:36,880 --> 00:26:42,840 And I mean a couple things that I think make like how is Tesla 327 00:26:42,840 --> 00:26:44,640 able to achieve such an improvement? 328 00:26:44,640 --> 00:26:48,360 I think it is because because we are specialized, we're not 329 00:26:48,360 --> 00:26:52,680 trying to, you know, NVIDIA has to serve the superset of all 330 00:26:52,680 --> 00:26:55,680 past and future customers. So all of their requirements, 331 00:26:55,680 --> 00:26:58,480 all of the software that they've written has to work, which is a 332 00:26:58,480 --> 00:27:02,480 very difficult problem, whereas we just need to make it work for 333 00:27:02,480 --> 00:27:07,280 our software. And and so we were able to 334 00:27:07,280 --> 00:27:13,280 simplify the chip dramatically. And then we also, I think, I 335 00:27:13,280 --> 00:27:16,560 think we're unique in this, but like we, we have an integer 336 00:27:16,560 --> 00:27:21,640 based system and integer operations are fundamentally 337 00:27:21,640 --> 00:27:23,800 more efficient than floating point operations. 338 00:27:24,600 --> 00:27:28,400 So we can do floating point, but we, but the vast majority of of 339 00:27:28,400 --> 00:27:33,160 our inference is done in integer, which is if you're 340 00:27:33,480 --> 00:27:37,440 familiar with sort of logic gates like the simplicity of of 341 00:27:37,440 --> 00:27:42,400 integer. And it's integer is much more 342 00:27:42,400 --> 00:27:44,120 power efficient, much more silicon efficient. 343 00:27:45,160 --> 00:27:48,560 But you have to, you actually have to train for integer 344 00:27:49,000 --> 00:27:51,800 inference, which everyone else is training for floating point. 345 00:27:53,720 --> 00:27:56,360 Those that's kind of like a niche technical detail, but it's 346 00:27:56,360 --> 00:28:02,320 actually very important. So yeah, this this is, this is 347 00:28:02,320 --> 00:28:09,840 going to be a great chip. So this, this chip will be made 348 00:28:09,840 --> 00:28:16,880 in basically in four places, TSMC Taiwan, Samsung Korea, TSMC 349 00:28:16,880 --> 00:28:28,520 Arizona and TSMC Texas. And we already know what 350 00:28:28,520 --> 00:28:33,720 improvements to make for AI6. So I'm hopeful that we can, 351 00:28:34,000 --> 00:28:37,920 within less than a year of AI5 starting production, we can 352 00:28:37,920 --> 00:28:43,080 actually transition in the same fab to AI 6 and double all of 353 00:28:43,080 --> 00:28:51,960 the performance metrics. So I'm super hardcore on chips 354 00:28:51,960 --> 00:28:55,440 right now. As you may be able to tell, I 355 00:28:55,440 --> 00:29:00,240 got chips on the brain. I dream about chips literally. 356 00:29:03,840 --> 00:29:08,000 I can, I can, I can draw the the, the, the, you know, the, 357 00:29:08,120 --> 00:29:10,720 the at least the broad brush stroke physical design of the 358 00:29:10,760 --> 00:29:13,600 AI5 chip by off by heart at this point. 359 00:29:16,960 --> 00:29:19,520 It's it's, it's a good chip. It's a good chip, Sir. 360 00:29:23,560 --> 00:29:25,000 So this this is this is really key. 361 00:29:25,000 --> 00:29:31,360 Now one of the things I'm trying to figure out is how do we make 362 00:29:31,360 --> 00:29:40,200 enough chips? So, you know, I have a lot of 363 00:29:40,200 --> 00:29:45,400 respect for our the the, the Tesla partners, TSMC and 364 00:29:45,400 --> 00:29:48,600 Samsung. Yeah, you know, maybe we'll, 365 00:29:48,800 --> 00:29:50,200 we'll, we'll do something with Intel. 366 00:29:50,200 --> 00:29:53,800 We we haven't signed any deal, but it's probably worth having 367 00:29:53,800 --> 00:30:00,400 discussions with Intel. But even when we extrapolate the 368 00:30:00,400 --> 00:30:04,320 best case scenario for chip production from our suppliers, 369 00:30:04,960 --> 00:30:11,400 it's still not enough. So I think we may have to do a 370 00:30:11,400 --> 00:30:20,720 Tesla Terafab. So it's like Giga, but way 371 00:30:20,720 --> 00:30:26,880 bigger. I, I can't see any other way to 372 00:30:26,880 --> 00:30:29,560 get to the volume of chips that that we're looking for. 373 00:30:31,880 --> 00:30:36,000 So I think we're probably going to have to build a gigantic chip 374 00:30:36,000 --> 00:30:48,470 fab. Got to be done. 375 00:30:51,310 --> 00:30:56,710 So anyway, some of the stuff I've already talked about, Yep, 376 00:30:56,990 --> 00:31:01,110 we've, we've done a tremendous amount for sustainable energy 377 00:31:01,270 --> 00:31:04,230 and that that's only going to grow over time. 378 00:31:06,270 --> 00:31:12,200 The world is moving towards a, a solar battery economy, which is 379 00:31:12,200 --> 00:31:15,560 ultimately the, that's, it's where that's where it was going 380 00:31:15,560 --> 00:31:17,320 to go anyway. But what tells us does 381 00:31:17,320 --> 00:31:20,160 accelerate, accelerate that outcome? 382 00:31:22,960 --> 00:31:25,920 Sometimes people don't understand quite how much energy 383 00:31:25,920 --> 00:31:30,280 comes from the sun. So the sun is 99.8% of all mass 384 00:31:30,280 --> 00:31:34,120 in the solar system. Jupiter being point 1% and then 385 00:31:34,680 --> 00:31:37,480 point 1% is miscellaneous. Earth being in the miscellaneous 386 00:31:37,480 --> 00:31:41,640 category. So the total amount of energy 387 00:31:41,960 --> 00:31:45,800 like, so sometimes people what say like, well, we'll build the 388 00:31:45,800 --> 00:31:48,400 fusion reactors on Earth. It's like, well actually the 389 00:31:48,400 --> 00:31:51,320 giant fusion reactor in the sky is basically impossible to beat 390 00:31:52,560 --> 00:31:56,160 to such degree that even if you could burn Jupiter in a 391 00:31:56,160 --> 00:31:59,080 thermonuclear reactor, the amount of energy produced by the 392 00:31:59,080 --> 00:32:01,240 sun would still round up to 100%. 393 00:32:02,120 --> 00:32:03,840 That's how much energy the sun produces. 394 00:32:04,920 --> 00:32:13,120 So solar power is necessarily the future and I think there's 395 00:32:13,120 --> 00:32:19,600 going to be a lot of solar powered AI satellites and I 396 00:32:19,600 --> 00:32:21,000 think Tesla is going to play a role in that. 397 00:32:30,640 --> 00:32:32,720 We've obviously refreshed the product line. 398 00:32:32,720 --> 00:32:40,480 So S3 XY if if you haven't tried the Model S3X or Y or the cyber 399 00:32:40,480 --> 00:32:43,360 truck, I recommend at least getting a test drive or a test 400 00:32:43,360 --> 00:32:46,560 ride as the case may be. Try out the full self driving 401 00:32:47,600 --> 00:32:49,720 and I think you'll be blown away to those who do not. 402 00:32:50,160 --> 00:32:51,920 If you might be listening and don't have a Tesla, you should 403 00:32:51,920 --> 00:32:59,560 try one. So and of course we've got the 404 00:32:59,560 --> 00:33:02,440 cyber truck, which is the toughest truck of all time. 405 00:33:03,520 --> 00:33:07,440 It's literally bulletproof, faster than a Porsche 9/11 and 406 00:33:07,440 --> 00:33:13,560 can out tow a Ford F-350. So it's a great car, great 407 00:33:13,560 --> 00:33:23,940 truck. And then starting next year, we, 408 00:33:26,020 --> 00:33:36,980 we manufacture the Tesla semi. So this, this is already we 409 00:33:36,980 --> 00:33:41,360 already have a lot of prototype Tesla Semis in operation. 410 00:33:42,200 --> 00:33:44,600 PepsiCo and other companies have been using the Tesla Semi for 411 00:33:44,600 --> 00:33:47,920 quite some time. But we will start volume 412 00:33:47,920 --> 00:33:55,440 production at our Northern Nevada factory in 2026. 413 00:33:55,520 --> 00:33:58,160 So we get, we get two big products or three, three massive 414 00:33:58,160 --> 00:33:59,920 products starting production next year. 415 00:34:00,160 --> 00:34:04,760 We got Optimus, we got Tesla Semi and we got the cyber cap. 416 00:34:13,360 --> 00:34:20,080 And then battery packs. So the, if you, if you look at 417 00:34:20,080 --> 00:34:25,360 total US power generation capability, it's roughly A 418 00:34:25,360 --> 00:34:30,320 terawatt, but the average power usage is less than half a a 419 00:34:30,320 --> 00:34:33,199 terawatt. And that's because the, the big 420 00:34:33,199 --> 00:34:37,080 differences in power usage between day and night. 421 00:34:37,560 --> 00:34:41,320 So the, the, the, the daily and seasonal variations in power 422 00:34:41,320 --> 00:34:45,040 consumption mean that the United States and, and really every 423 00:34:45,040 --> 00:34:48,440 country is only using about half, is only producing about 424 00:34:48,440 --> 00:34:52,360 half as much electrical energy as it could, because without 425 00:34:52,360 --> 00:34:55,040 batteries, there's no effective way to buffer the energy. 426 00:34:56,440 --> 00:35:00,360 So what batteries actually enable is even if you don't 427 00:35:00,360 --> 00:35:03,480 build any incremental power plants, you could double the 428 00:35:03,560 --> 00:35:06,920 energy output of the United States just with batteries. 429 00:35:08,520 --> 00:35:12,240 This is a super big deal. And in fact, I think that's 430 00:35:12,280 --> 00:35:15,000 really where most of the incremental energy production in 431 00:35:15,000 --> 00:35:17,120 the United States is going to come from is literally 432 00:35:17,120 --> 00:35:20,680 batteries. So a bigger deal than a may 433 00:35:20,680 --> 00:35:29,980 seem. And then we've got we we keep 434 00:35:30,260 --> 00:35:33,540 improving the battery design so the the the mega block, which 435 00:35:33,540 --> 00:35:38,980 makes it really easy to deploy battery utility scale batteries. 436 00:35:40,380 --> 00:35:43,520 So we've we've just simplified and and brought more of the 437 00:35:43,680 --> 00:35:45,920 components to be internal to the battery. 438 00:35:45,920 --> 00:35:48,680 So you can just show up and drop off a battery and it works. 439 00:35:50,280 --> 00:35:55,960 And then hopefully with the wonder how to, hopefully over 440 00:35:55,960 --> 00:35:58,720 time, we will actually add more and more of the power 441 00:35:58,720 --> 00:36:02,400 electronics so that Megapack will actually be able able to 442 00:36:02,440 --> 00:36:05,440 output up to 35 kilovolts directly. 443 00:36:07,240 --> 00:36:09,440 So you won't need a substation. That's what I'm saying. 444 00:36:09,440 --> 00:36:11,800 You can just literally drop it off kind of like the way that a 445 00:36:11,800 --> 00:36:14,040 power wall, you just connect it to the house. 446 00:36:14,040 --> 00:36:17,480 The utility wires go on one side and the other side goes to the 447 00:36:17,680 --> 00:36:21,920 house mains and that's it. So we want to get mega pack to 448 00:36:21,920 --> 00:36:24,440 the point where you just literally take the utility wires 449 00:36:24,560 --> 00:36:26,120 and you plug them in and it just works. 450 00:36:35,830 --> 00:36:38,590 Then we've got the, we've also built the world's largest 451 00:36:38,590 --> 00:36:40,910 Supercharger network. So we do a lot of things here at 452 00:36:40,910 --> 00:36:46,160 Tesla. That's the biggest Supercharger 453 00:36:46,160 --> 00:36:51,600 network in the world by far. And ultimately you'll be able to 454 00:36:51,600 --> 00:36:54,080 go anywhere on earth using a Tesla Supercharger. 455 00:36:54,280 --> 00:36:56,200 And it's pretty close to anywhere on earth. 456 00:36:56,680 --> 00:37:00,760 But it's, you know, it's going to be ultimately just anywhere. 457 00:37:00,920 --> 00:37:05,600 It'll just work anywhere. So the Supercharger team has 458 00:37:05,600 --> 00:37:07,720 done, done great work expanding that and improving the 459 00:37:07,720 --> 00:37:09,400 efficiency of the Supercharger network. 460 00:37:11,040 --> 00:37:13,960 And in, in North America, they did such a good job that the, 461 00:37:15,680 --> 00:37:18,080 the other car companies basically said, well, they'll 462 00:37:18,080 --> 00:37:19,920 just use the Tesla Supercharger network. 463 00:37:20,520 --> 00:37:22,320 Like like, OK, sounds good to us. 464 00:37:31,260 --> 00:37:34,420 You know, it's always important to have a, a slide on safety in 465 00:37:34,420 --> 00:37:37,260 the factory. So we continue to improve safety 466 00:37:37,260 --> 00:37:40,020 for our factory workers. We're, we care a lot about their 467 00:37:40,020 --> 00:37:44,720 well-being. And you know, like one way you 468 00:37:44,720 --> 00:37:47,480 can just tell, like if a company's a good company or not. 469 00:37:47,480 --> 00:37:49,400 If you, if you just walk through the factory or walk through the 470 00:37:49,400 --> 00:37:53,440 office and catch the vibe and the vibe in the Tesla factory 471 00:37:53,440 --> 00:37:55,120 is, is good. People are happy. 472 00:37:56,040 --> 00:37:57,280 You know, that's how you know it's a good company. 473 00:38:04,740 --> 00:38:08,060 We've also put a lot of investment into raw materials. 474 00:38:08,500 --> 00:38:18,320 So the, we've built in in South Texas and Corpus Christi, the 475 00:38:18,320 --> 00:38:22,240 biggest lithium refinery outside of China, I believe. 476 00:38:22,800 --> 00:38:27,040 So it's, it's going to, it's starting off with 50 GW hours 477 00:38:27,080 --> 00:38:30,960 of, of, of lithium and we'll expand from there. 478 00:38:31,440 --> 00:38:38,360 So this is a very, very important to have, you know, in 479 00:38:38,360 --> 00:38:40,920 a worst case scenario that we have the ingredients necessary 480 00:38:40,920 --> 00:38:43,080 to make a battery very important. 481 00:38:44,880 --> 00:38:48,240 And and then we've got here on this site the the cathode 482 00:38:49,040 --> 00:38:54,040 factory, which is just the sort of giant building about 1/2 mile 483 00:38:54,040 --> 00:38:57,640 that way. And we're just making sure that 484 00:38:57,640 --> 00:39:01,520 we from a supply chain standpoint are resilient against 485 00:39:01,600 --> 00:39:03,760 any potential geopolitical challenges. 486 00:39:11,960 --> 00:39:15,880 And then also at this factory, we also make the 4680 cell which 487 00:39:15,880 --> 00:39:21,240 is getting better and better. And that 4680 cell will be used 488 00:39:21,720 --> 00:39:25,800 in the cyber cab Cyber it is being used in the cyber truck 489 00:39:25,840 --> 00:39:29,320 and will be used in the cyber cab and also in Optimus. 490 00:39:29,800 --> 00:39:34,160 So that that's going well. But we continue obviously to get 491 00:39:34,240 --> 00:39:37,200 cells from many suppliers. It's kind of like the the chip 492 00:39:37,200 --> 00:39:39,200 AB thing. We'll we'll take as many chips 493 00:39:39,200 --> 00:39:43,600 as our suppliers can provide us. But then beyond that, if they 494 00:39:43,600 --> 00:39:46,720 can't provide us with any incremental sales or chips, we 495 00:39:46,720 --> 00:39:48,680 we kind of have to make them ourselves or we get stuck. 496 00:39:52,560 --> 00:39:57,640 That's the Tesla Semi factory. So it's going to be pretty cool 497 00:39:57,640 --> 00:39:59,400 to see these going down the road and scale. 498 00:40:10,660 --> 00:40:12,020 Yeah. So that's, that's the, that's 499 00:40:12,020 --> 00:40:15,980 the basic plan, sustainable abundance for all. 500 00:40:28,960 --> 00:40:32,600 All right. So yeah, I guess we can go into 501 00:40:32,600 --> 00:40:40,540 Q&A now. Maybe at the next annual 502 00:40:40,540 --> 00:40:42,340 shareholder meeting, we'll have Optimus take some of the 503 00:40:42,340 --> 00:40:45,500 questions. That'd be cool. 504 00:40:55,120 --> 00:40:57,640 So let's see, Alexander. Well, thank you for your help, 505 00:40:57,640 --> 00:41:06,420 by the way. Yeah, please go ahead. 506 00:41:06,420 --> 00:41:07,020 Thank you. Is that a mic? 507 00:41:08,100 --> 00:41:09,460 Is it? No. 508 00:41:09,460 --> 00:41:10,380 Let me hold it. It's OK. 509 00:41:11,840 --> 00:41:13,320 Well, what a year has been, right? 510 00:41:13,320 --> 00:41:16,080 I mean, just a year ago, President Trump got elected on 511 00:41:16,080 --> 00:41:19,440 the same day. These 12 months have been a heck 512 00:41:19,440 --> 00:41:21,760 of 12 months. Thank you to the board because I 513 00:41:21,760 --> 00:41:25,120 think they had to weather quite some storms. 514 00:41:25,600 --> 00:41:28,280 Institutional investors. And obviously, thank you to you. 515 00:41:28,640 --> 00:41:32,440 And we stand with you. I think we showed it and we will 516 00:41:32,440 --> 00:41:43,240 show it. So we would like to express A 517 00:41:43,240 --> 00:41:45,640 wish, please. This is a nice venue. 518 00:41:45,640 --> 00:41:48,000 We love coming to the Factory and I think it's actually great 519 00:41:48,000 --> 00:41:51,400 we're doing this at the Factory, but there are thousands of 520 00:41:51,400 --> 00:41:53,960 retail investors who are crying because they cannot. 521 00:41:54,240 --> 00:41:57,440 They come to me. I love playing the Mama, but I 522 00:41:57,440 --> 00:42:01,360 now give it to you. Please organise a bigger venue. 523 00:42:01,640 --> 00:42:04,600 We're bigger than Berkshire and we will do better than 524 00:42:04,600 --> 00:42:06,040 Berkshire. OK, sure we can. 525 00:42:06,200 --> 00:42:07,760 Pay. Make it up. 526 00:42:09,400 --> 00:42:13,720 Yeah, actually Tesla will be way, way, way bigger than 527 00:42:13,720 --> 00:42:15,960 Butcher. Butcher long term, it's going to 528 00:42:15,960 --> 00:42:21,200 be kind of nutty. So all right, we'll do the next 529 00:42:21,200 --> 00:42:24,240 one. Maybe we'll do it in the Yeah, 530 00:42:24,240 --> 00:42:26,920 like there. Yeah, maybe the, the, the 531 00:42:27,040 --> 00:42:30,240 downtown arena or the, the, the soccer stadium or something like 532 00:42:30,240 --> 00:42:32,200 that. And get your security check. 533 00:42:32,200 --> 00:42:33,720 We want to make sure that you're safe. 534 00:42:34,040 --> 00:42:40,160 What if I just Bob and weave? But you know, we want a party. 535 00:42:40,240 --> 00:42:41,880 And if you. Can bring the other Elon 536 00:42:41,880 --> 00:42:43,520 companies there as well. OK. 537 00:42:43,520 --> 00:42:44,880 Investors would really appreciate. 538 00:42:45,000 --> 00:42:46,560 All right, sounds good. Thank you very much for 539 00:42:46,560 --> 00:42:47,320 listening. All right. 540 00:42:56,950 --> 00:42:59,430 Elon, as a father, I just want to 1st thank you for the 541 00:42:59,790 --> 00:43:02,510 everything you're doing in the world, especially freedom of 542 00:43:02,510 --> 00:43:03,310 speech. Thank you. 543 00:43:03,750 --> 00:43:11,440 And one question will will you or Tesla ever consider FSD tied 544 00:43:11,440 --> 00:43:14,160 to an owner's account rather than a vehicle to encourage more 545 00:43:14,160 --> 00:43:17,680 frequent upgrades, provided the transfer is to only a brand new 546 00:43:17,680 --> 00:43:20,360 Tesla vehicle while fostering brand loyalty? 547 00:43:20,360 --> 00:43:23,000 If the vehicle is sole the trader without upgrade to 548 00:43:23,000 --> 00:43:25,120 another Tesla, FSD ownership would end. 549 00:43:28,480 --> 00:43:32,760 Well, we we have done that a few times I guess. 550 00:43:34,400 --> 00:43:36,200 I guess we could extend it again. 551 00:43:38,640 --> 00:43:41,120 All right, We'll extend it. We'll extend it for at least 552 00:43:41,120 --> 00:43:44,560 another quarter and then and then play it by year after that. 553 00:43:45,680 --> 00:43:52,640 All right. Howdy Elon, Congrats on not 554 00:43:52,640 --> 00:43:54,520 having to show up to work for free anymore. 555 00:43:54,640 --> 00:44:06,140 Yeah, yeah. We now have over a $40 billion 556 00:44:06,140 --> 00:44:09,540 war chest. We're cash flow positive and 557 00:44:09,980 --> 00:44:13,440 remain that. We know how you feel about Fiat 558 00:44:13,440 --> 00:44:15,120 already. Is it time to take a look at 559 00:44:15,120 --> 00:44:16,880 Bitcoin? What's your belief on that? 560 00:44:16,880 --> 00:44:21,840 Also, you've hinted towards that there's a wheelchair accessible 561 00:44:21,840 --> 00:44:24,880 model in the works where you're referring to the Rabovian. 562 00:44:25,200 --> 00:44:28,400 And if so, can we please speed up production to help the least 563 00:44:28,400 --> 00:44:32,560 fortunate? Sure, Yeah, the obviously we 564 00:44:34,120 --> 00:44:37,000 need a vehicle that's big enough to to fit a wheelchair, 565 00:44:37,560 --> 00:44:43,480 wheelchair accessible. So I think that that's that's 566 00:44:43,640 --> 00:44:46,360 that is the Rebobin or robust or whatever we call it. 567 00:44:48,040 --> 00:44:52,120 I mean, the it's not like we we're slowing down because we 568 00:44:52,120 --> 00:44:54,960 want to slow down. It's it's like we're, you know, 569 00:44:54,960 --> 00:44:56,760 we're spending like a zillion plates here. 570 00:44:58,200 --> 00:45:02,200 So but I do, I do think it would be very cool because I think 571 00:45:02,200 --> 00:45:04,360 aesthetically as well, it's just, it just would change the 572 00:45:04,360 --> 00:45:06,240 look of the roads and make it feel like the future. 573 00:45:06,880 --> 00:45:12,240 So, so won't be long before we make that, but it's, but since 574 00:45:12,240 --> 00:45:17,680 we do have optimists, you know, the, we've got cyber cab 575 00:45:17,680 --> 00:45:22,640 optimist and semi all next year. It'll will probably have to be 576 00:45:23,040 --> 00:45:25,040 maybe the year that you know, a couple years from now or 577 00:45:25,040 --> 00:45:28,360 something like that. But we certainly will make a 578 00:45:28,360 --> 00:45:39,290 wheelchair accessible vehicle. Hi, Satyoshi. 579 00:45:40,720 --> 00:45:44,040 I was, I was privileged enough to attend the Investor Day and 580 00:45:44,240 --> 00:45:47,000 you've also talked about the factory being a product and I 581 00:45:47,000 --> 00:45:49,440 saw the dry cathode method and and so forth. 582 00:45:49,440 --> 00:45:53,120 And I wanted to know the progress in that and also would 583 00:45:53,480 --> 00:45:56,840 often be working on that in the future production line in the 584 00:45:56,840 --> 00:46:00,040 future. Yeah, I guess the dry cathode, 585 00:46:00,600 --> 00:46:02,520 man, that's turned out to be a lot harder than we thought. 586 00:46:03,920 --> 00:46:10,040 So I mean, it, it does look like it's going to be successful and 587 00:46:10,040 --> 00:46:13,280 it will have some cost advantage relative to wet cathode. 588 00:46:14,240 --> 00:46:16,240 But if I had to wind the clock back, I would probably have gone 589 00:46:16,240 --> 00:46:19,800 with wet cathode instead of dry cathode because it, it just 590 00:46:19,800 --> 00:46:24,040 turned out to be a lot harder to make it, you know, high capable 591 00:46:24,040 --> 00:46:26,520 of high volume production with, with super high reliability. 592 00:46:28,080 --> 00:46:35,320 So, yeah, but we will be, we will be scaling up battery cell 593 00:46:35,320 --> 00:46:39,360 production at Tesla and looking for cell production from our 594 00:46:39,360 --> 00:46:43,760 suppliers as well because we're, we're going to be ramping up 595 00:46:43,760 --> 00:46:45,760 production very dramatically at Tesla. 596 00:46:45,760 --> 00:46:51,000 So now, now that we, we, we believe we have full self 597 00:46:51,000 --> 00:46:54,880 driving that we have autonomy solved, you know, or, or at 598 00:46:54,880 --> 00:46:59,200 least or within a few months of having it unsupervised autonomy 599 00:46:59,200 --> 00:47:02,640 solved at a reliability level significantly better than human. 600 00:47:03,520 --> 00:47:06,680 It's not that that means it's time to ramp up production 601 00:47:08,040 --> 00:47:10,840 because the value proposition is now much greater than a regular 602 00:47:10,840 --> 00:47:13,920 car. The killer app really is for 603 00:47:13,920 --> 00:47:15,640 people. Can you text and drive or can 604 00:47:15,640 --> 00:47:20,160 you sleep and drive? You know, can you can the car 605 00:47:20,160 --> 00:47:23,560 take you to your destination or do you need to pay attention and 606 00:47:23,560 --> 00:47:30,840 be and have to drive it? And before we allow the car to 607 00:47:30,840 --> 00:47:33,720 be to be driven without paying attention, we need to make sure 608 00:47:33,720 --> 00:47:36,040 it's very safe. But, but like I said, we're, 609 00:47:36,800 --> 00:47:41,960 we're on the cusp of that. I know I've said that a few 610 00:47:41,960 --> 00:47:46,320 times, but, but we really are at this point and, and you can feel 611 00:47:46,320 --> 00:47:49,560 it for yourselves with, with the, the 14.1 release. 612 00:47:51,280 --> 00:47:56,120 So the, you know, the what we're, we're we're going to try 613 00:47:56,120 --> 00:47:59,760 to, we're going to push to expand vehicle production as 614 00:47:59,760 --> 00:48:04,160 fast as we possibly can. So aspirationally we'd aim to 615 00:48:04,160 --> 00:48:07,440 increase vehicle production by about 50% by the end of next 616 00:48:07,440 --> 00:48:16,280 year. So, yeah, so that's, it's, it's 617 00:48:16,280 --> 00:48:18,240 very hard to increase production, but that's that's 618 00:48:18,240 --> 00:48:22,600 roughly, you know, I don't know, maybe we get to like I'm just 619 00:48:22,600 --> 00:48:28,520 guessing at an exit rate by the end of next year of around 2.62 620 00:48:28,520 --> 00:48:32,000 point 7 million vehicles annualized production. 621 00:48:32,440 --> 00:48:38,280 And then aim to get to maybe 4,000,000 by the annualized rate 622 00:48:38,280 --> 00:48:42,840 by the end of 27 and then maybe 5,000,000 by the end of 28. 623 00:48:42,840 --> 00:48:45,280 That those are rough. Those are our aspirational 624 00:48:45,280 --> 00:48:48,040 goals. So these are this, this is a 625 00:48:48,040 --> 00:48:52,560 gigantic increase in, in output, which means that the entire 626 00:48:52,560 --> 00:48:58,200 supply chain has to move in, in, in unison with that, with that 627 00:48:58,200 --> 00:49:03,000 increase in, in volume. And the nature of the nature of 628 00:49:03,000 --> 00:49:06,320 producing a large complex product is that it moves as fast 629 00:49:06,320 --> 00:49:09,200 as the least lucky, dumbest element in the entire system. 630 00:49:09,200 --> 00:49:15,320 And there's 10,000 plus items. But, but this, like I said, this 631 00:49:15,320 --> 00:49:18,040 really is a new, it's not just a new chapter for Tesla, it's a 632 00:49:18,040 --> 00:49:21,880 new book. And and that new book is 633 00:49:22,120 --> 00:49:26,720 massively increasing vehicle production and ramping up 634 00:49:26,760 --> 00:49:30,640 optimist production faster than any things ever been wrapped up 635 00:49:30,640 --> 00:49:33,680 before in history. So. 636 00:49:40,050 --> 00:49:43,170 Awesome, Elon, thank you. Thank you from all of us. 637 00:49:44,650 --> 00:49:48,010 You know, the retail shareholders really, really 638 00:49:48,010 --> 00:49:49,970 care. And so I, I echo the sentiment 639 00:49:49,970 --> 00:49:53,170 of, you know, a larger venue where more can, where can come, 640 00:49:55,970 --> 00:49:57,370 you know. As a testament. 641 00:49:57,370 --> 00:49:59,530 To that, I was here. I was fortunate enough to be 642 00:49:59,530 --> 00:50:04,520 here last year and since then touring the factory, talking to, 643 00:50:04,520 --> 00:50:07,400 you know, people that work here. I'm just a retail shareholder, 644 00:50:07,400 --> 00:50:10,240 but increased my holdings 12 times, right? 645 00:50:10,240 --> 00:50:14,160 So I, you know, I know it's really engaging and gives people 646 00:50:14,160 --> 00:50:17,800 a confidence and, and so thank you for having us and I do echo 647 00:50:17,800 --> 00:50:21,520 that. I hope it grows last year. 648 00:50:21,760 --> 00:50:24,120 I'm the one that asked you about your well-being and safety. 649 00:50:24,400 --> 00:50:34,600 Oh yeah, full love and. You know, there's a broad, you 650 00:50:34,600 --> 00:50:37,640 know, general question and it was before, you know, some of 651 00:50:37,640 --> 00:50:39,440 the uncertainty that's unfolded since then. 652 00:50:39,440 --> 00:50:44,640 And so I hope it had a positive, you know, impact and you know, 653 00:50:44,640 --> 00:50:50,480 we all care. And so my question this year, 654 00:50:51,760 --> 00:50:55,880 you've talked recently about the most mind blowing product demo 655 00:50:55,880 --> 00:51:00,400 of all time and I shot it being the most memorable product ever. 656 00:51:01,120 --> 00:51:03,840 Roadster. Yeah, yeah. 657 00:51:03,880 --> 00:51:08,800 And I have patiently been waiting on my Founders Series 658 00:51:09,160 --> 00:51:12,160 Roadster reservation. So on behalf of the Founders 659 00:51:12,160 --> 00:51:18,120 Series guys that have stuck in there, can we be invited to this 660 00:51:18,120 --> 00:51:20,160 unveil? Oh, yeah, sure, absolutely, 661 00:51:20,400 --> 00:51:22,200 definitely. OK, yes. 662 00:51:22,880 --> 00:51:24,800 So all Founders series can be invited. 663 00:51:24,800 --> 00:51:26,880 Yes, yes. I mean, it's the least we could 664 00:51:26,880 --> 00:51:31,560 do frankly, for people that have long our long-suffering roasted 665 00:51:31,560 --> 00:51:38,360 reservation holders. The I, I, I I feel confident 666 00:51:38,360 --> 00:51:46,800 saying it will be the most exciting product unveil ever and 667 00:51:46,800 --> 00:51:49,920 I hope that whether it goes well or doesn't go well. 668 00:51:53,800 --> 00:51:56,080 Since I'm up here, can I get the first one? 669 00:51:57,800 --> 00:52:02,400 Well, I, I guess the, it's, it's according to who whoever put 670 00:52:02,400 --> 00:52:04,760 down their deposit in, in that sequence. 671 00:52:05,040 --> 00:52:08,680 So that's the, but you'll get, you'll get a very early 1. 672 00:52:10,400 --> 00:52:14,320 And I mean, the, the, the new roaster is very much sort of 673 00:52:14,320 --> 00:52:16,840 like, it's not even the icing on the cake. 674 00:52:16,840 --> 00:52:18,560 It's the cherry on the icing on the cake. 675 00:52:19,160 --> 00:52:24,480 So I mean, it's really kind of like, you know, it's, it's, it's 676 00:52:24,480 --> 00:52:26,960 like it's not essential for sustainable abundance, let me 677 00:52:26,960 --> 00:52:31,400 put it that way. But I do think there should be, 678 00:52:33,080 --> 00:52:38,080 you know, very cool technology in the world that is that, you 679 00:52:38,120 --> 00:52:40,520 know, it's way beyond anything that's ever existed. 680 00:52:41,080 --> 00:52:45,800 And I think I'd like those like, even if I could never have 681 00:52:45,800 --> 00:52:48,720 access to those things, I'd like to know that they exist and, and 682 00:52:48,720 --> 00:52:51,880 see the future happening. So I think I think it will be 683 00:52:51,880 --> 00:52:57,160 inspiring to a lot of people and and just it's it's extreme. 684 00:52:57,280 --> 00:53:04,120 It's like the coolest car, if it even is a car that is ever that 685 00:53:04,120 --> 00:53:07,520 will probably ever exist. Yeah. 686 00:53:07,520 --> 00:53:12,680 So. Hi, Elon. 687 00:53:12,680 --> 00:53:15,200 Congrats on the proposal plan. That was amazing. 688 00:53:15,720 --> 00:53:17,760 The compensation question back to chips. 689 00:53:17,760 --> 00:53:20,440 So chips, chips, chips. Chips, chips, chips, chips, 690 00:53:20,720 --> 00:53:22,000 chips will be the limiting factor to. 691 00:53:22,320 --> 00:53:25,760 The to the future so. On that, chips and electricity 692 00:53:25,760 --> 00:53:26,920 are the two limiting factors, yeah. 693 00:53:27,200 --> 00:53:30,520 And we got the energy and power and energy packs ready to roll. 694 00:53:30,560 --> 00:53:33,640 So I think on the chips I think he said TSMC, Samsung, perhaps 695 00:53:33,640 --> 00:53:36,320 Intel 14A and several different sites. 696 00:53:36,320 --> 00:53:37,960 I heard a couple US factory sources. 697 00:53:37,960 --> 00:53:40,640 Which is, I mean, we're like, everyone, everyone, you know, 698 00:53:40,640 --> 00:53:41,960 it's like, yeah. Yeah. 699 00:53:42,440 --> 00:53:45,800 And and so I guess the, is there an open door in the future of 700 00:53:45,800 --> 00:53:48,680 investing directly into some of those boundaries? 701 00:53:48,840 --> 00:53:51,280 And second question, how big is a Terra factory? 702 00:53:51,280 --> 00:53:53,600 Can you put that in scale? And good point, that's a. 703 00:53:54,640 --> 00:53:58,640 Semiconductor Terra factory. Yeah. 704 00:53:58,640 --> 00:54:02,520 Well, I mean, The thing is that we actually have agreed to buy 705 00:54:02,520 --> 00:54:07,800 all the chips that are made from the fab, you know, so it's 706 00:54:07,800 --> 00:54:11,560 basically a money printing machine for TSMC and Samsung. 707 00:54:11,600 --> 00:54:14,040 It's like literally the faster you make the chips, the faster 708 00:54:14,040 --> 00:54:17,760 we send them money. But it's still not going at the 709 00:54:18,640 --> 00:54:25,120 fast enough. So that's why I think as far as 710 00:54:25,120 --> 00:54:31,360 I can see, the only option is to go build some like very big chip 711 00:54:31,360 --> 00:54:35,840 fab and then you go to solve memory and packaging too. 712 00:54:35,840 --> 00:54:40,240 So, but otherwise you just, you just tap out at whatever the, 713 00:54:40,360 --> 00:54:45,920 the chip reduction rate is. And so I guess Tara would be 714 00:54:45,960 --> 00:54:48,680 you, you'd want to say it's, it's got to be at least 100,000 715 00:54:48,680 --> 00:54:54,880 wafer starts per month size fab and maybe that would be 1 of 10 716 00:54:54,880 --> 00:54:58,000 in a complex. So ultimately be a million wafer 717 00:54:58,000 --> 00:55:02,200 starts per month. Yeah, exactly. 718 00:55:02,200 --> 00:55:04,040 You can tell when you when it gets the giggle factor. 719 00:55:04,040 --> 00:55:08,200 That's probably a good sign that that we're onto something 720 00:55:08,200 --> 00:55:12,640 special. But I, I wouldn't be surprised 721 00:55:12,640 --> 00:55:14,720 if long term it's like a million wafers a month. 722 00:55:16,000 --> 00:55:20,760 Yeah. Hi LON. 723 00:55:21,200 --> 00:55:25,040 I'm a long term investor, so I've been holding the shares for 724 00:55:25,040 --> 00:55:27,440 12 years. I, I worked at the Autopilot 725 00:55:27,440 --> 00:55:31,680 team development for 10 years and I brought my dad here from 726 00:55:31,680 --> 00:55:34,360 Brazil. We actually won the Tesla Vision 727 00:55:34,360 --> 00:55:36,640 contest with a Cyber Truck B video. 728 00:55:36,960 --> 00:55:39,240 So I hope you get to see that at some point. 729 00:55:39,600 --> 00:55:43,200 So thanks for the free Model Y. And my question is about 730 00:55:43,200 --> 00:55:46,920 obviously market expansion, but not only South America, Brazil, 731 00:55:47,320 --> 00:55:50,680 but also into Mars, like with the upcoming rendezvous of Mars 732 00:55:50,680 --> 00:55:52,600 and Earth. What's going to be in the 733 00:55:52,600 --> 00:55:54,800 payload, you know? What are we going to send there? 734 00:55:56,160 --> 00:55:59,040 Well, Optimus is going to play a big role. 735 00:55:59,040 --> 00:56:02,560 Optimus, and I mean Tesla vehicles will play a big role on 736 00:56:02,920 --> 00:56:06,720 the moon and Mars. So for a moon base and a Mars, a 737 00:56:06,960 --> 00:56:13,480 Mars city, Tesla vehicles and and Optimus robots are natural, 738 00:56:13,600 --> 00:56:19,040 natural fit for building and operating a moon base and a Mars 739 00:56:19,040 --> 00:56:21,960 city. So sorry. 740 00:56:22,960 --> 00:56:27,000 Cyber truck also. Yeah, yeah, Cyber truck you will 741 00:56:27,000 --> 00:56:29,400 need to drive around and pressurize vehicle if there's a, 742 00:56:29,840 --> 00:56:34,680 you know, a person inside, but yeah, it it'll be it'll be 743 00:56:34,680 --> 00:56:38,200 something cool next level moon buggy or Mars buggy. 744 00:56:39,520 --> 00:56:45,680 So all right. Hi, Mr. Musk, Gorev, been a fan 745 00:56:45,680 --> 00:56:50,520 of yours since 2006. I think I saw a piece in Popular 746 00:56:50,520 --> 00:56:52,880 Science magazine. It was really cool and I think I 747 00:56:52,880 --> 00:56:56,720 was 15 at the time, shareholder since 10 years now. 748 00:56:56,720 --> 00:56:58,280 It's been really, really rewarding. 749 00:56:58,280 --> 00:57:01,040 It's changed my life. So thank you very much to you 750 00:57:01,040 --> 00:57:05,000 and Tesla. My question is regarding Tesla's 751 00:57:05,000 --> 00:57:09,640 mission for a sustainable future as it pertains to autonomy. 752 00:57:10,920 --> 00:57:16,880 I personally fully expect a deflationary period after well 753 00:57:16,880 --> 00:57:21,840 unlocked by autonomy basically both in moving humans and goods 754 00:57:21,840 --> 00:57:26,320 and whatnot, excluding Optimus even. 755 00:57:27,600 --> 00:57:32,800 What efforts are is is Tesla going to focus on to reduce the 756 00:57:32,800 --> 00:57:37,560 dollar per mile? Rough math, I think like $0.30 a 757 00:57:37,560 --> 00:57:42,400 mile would be really nice, $0.50 is pretty good too. 758 00:57:42,400 --> 00:57:44,120 I mean, looking at inflation later on. 759 00:57:44,640 --> 00:57:48,800 And then I guess the second part of that, how low does it have to 760 00:57:48,800 --> 00:57:51,720 be for people to just stop buying cars? 761 00:57:51,720 --> 00:57:53,920 Like where it doesn't make economic sense to do that? 762 00:57:55,480 --> 00:57:58,160 I expect that to affect economies of scale and then 763 00:57:58,160 --> 00:58:01,120 further increase the pricing of vehicles they're on out. 764 00:58:01,440 --> 00:58:04,120 So like how? Like what is that node at which 765 00:58:04,120 --> 00:58:08,320 inflection happens? Well, in terms of cost per mile, 766 00:58:08,320 --> 00:58:12,800 I mean we do see a path with a lot of work to get below $0.20 a 767 00:58:12,800 --> 00:58:21,120 mile in current year dollars. And, and I somewhat agree that 768 00:58:21,120 --> 00:58:24,720 those things will probably be deflationary as productivity 769 00:58:24,720 --> 00:58:27,760 increases because you can think of money supply as being the 770 00:58:27,760 --> 00:58:32,520 ratio of goods and services to the like what's, what's the 771 00:58:32,520 --> 00:58:34,960 growth in goods and services to versus the growth in the money 772 00:58:34,960 --> 00:58:36,920 supply. That ratio is basically 773 00:58:36,920 --> 00:58:40,760 inflation. And, and so if the output of 774 00:58:40,760 --> 00:58:42,880 goods and services grows faster than the money supply, then you 775 00:58:42,880 --> 00:58:44,880 necessarily have deflation or vice versa. 776 00:58:45,640 --> 00:58:47,480 They try to make it sound complicated, but it's not. 777 00:58:49,720 --> 00:58:55,000 So I'm not sure that that even government over overspending can 778 00:58:55,000 --> 00:58:58,960 actually, I think government overspending will will not be 779 00:58:59,080 --> 00:59:01,480 what will be lower than the increase in productivity of 780 00:59:01,480 --> 00:59:05,320 goods and services, which would imply deflation as you expect, 781 00:59:08,480 --> 00:59:10,240 sorry. What about economies of scale 782 00:59:10,240 --> 00:59:14,080 and the impact it has to how you respond as an automotive company 783 00:59:14,560 --> 00:59:16,520 when people stop potentially buying cars? 784 00:59:17,480 --> 00:59:19,240 Economies. Sorry, economies of scale. 785 00:59:19,520 --> 00:59:22,800 In like auto manufacturing for instance, it only makes sense if 786 00:59:22,800 --> 00:59:24,320 lots of people buy your vehicles. 787 00:59:24,680 --> 00:59:27,920 Oh, the total number of vehicles will decrease. 788 00:59:29,600 --> 00:59:32,120 You know, the, the, the sort of vehicle fleet out there is about 789 00:59:32,120 --> 00:59:35,000 2 billion cars, but two, 2 billion if you add up all cars 790 00:59:35,000 --> 00:59:37,480 and trucks that are not at a scrap yard, I think it's around 791 00:59:37,480 --> 00:59:41,560 2 billion. But the that, that number would 792 00:59:41,560 --> 00:59:44,360 decrease with autonomous vehicles. 793 00:59:44,480 --> 00:59:45,920 So the total fleet size would drop. 794 00:59:47,080 --> 00:59:50,720 I actually think miles driving will increase because it is now 795 00:59:50,720 --> 00:59:52,760 much less painful to travel somewhere. 796 00:59:53,920 --> 00:59:56,680 So if, if somebody's thinking about traveling across a busy 797 00:59:56,680 --> 01:00:00,400 city, then they'll take into account, well, how much pain do 798 01:00:00,400 --> 01:00:02,680 I have to deal with if I have to go through two hours of traffic, 799 01:00:02,680 --> 01:00:06,600 I probably won't, won't do it. But if you're just say sitting 800 01:00:06,600 --> 01:00:10,920 in a cyber cab watching a movie or doing some work, then it's 801 01:00:10,920 --> 01:00:14,560 just like sitting in a little lounge and, and I, I, so I think 802 01:00:14,560 --> 01:00:17,760 you'll see probably a significant increase in total 803 01:00:17,760 --> 01:00:20,920 miles driven, but at the same time a decrease in the total 804 01:00:21,800 --> 01:00:28,120 active fleet of vehicles. I just like to reiterate how 805 01:00:28,120 --> 01:00:32,040 grateful we all are to have you on board, ready to lead us to 806 01:00:32,040 --> 01:00:34,720 another 7 trillion in market cap at least. 807 01:00:35,240 --> 01:00:37,880 At least obviously. Thank you. 808 01:00:39,640 --> 01:00:42,480 My question is, how much of A concern is it that when Cyber 809 01:00:42,480 --> 01:00:46,040 Cab starts production in Q2 next year, that regulation won't be 810 01:00:46,040 --> 01:00:49,440 there yet to where you can deploy Cyber Cabs being produced 811 01:00:49,840 --> 01:00:53,280 or are you guys confident that every cyber Cab you guys make 812 01:00:53,280 --> 01:00:57,080 you'll be able to deploy? Yeah, I think, I think the rate 813 01:00:57,080 --> 01:01:00,680 at which we'll we receive regulatory approval will roughly 814 01:01:00,680 --> 01:01:03,080 match the rate of cyber cab production. 815 01:01:05,200 --> 01:01:09,040 It'll be maybe a little tight, but that's it's, it's about 816 01:01:09,040 --> 01:01:12,360 right. And I'd like to thank thank 817 01:01:12,360 --> 01:01:14,640 Weymouth for paving the the path here. 818 01:01:15,040 --> 01:01:21,000 It's very helpful. So, yeah, but it, I, I think 819 01:01:21,000 --> 01:01:24,680 we'll be able to deploy all the, all the cyber cabs that we 820 01:01:24,680 --> 01:01:29,000 produce. And the other thing is like, 821 01:01:29,000 --> 01:01:32,240 once it becomes like extremely normal in cities, it's just 822 01:01:32,240 --> 01:01:36,160 going to become like the regulators will have just fewer 823 01:01:36,160 --> 01:01:40,280 and fewer reasons to say no. And then you've got this, you 824 01:01:40,280 --> 01:01:43,480 know, we've got the, the accident statistics at scale and 825 01:01:43,480 --> 01:01:48,080 you can show that autonomous miles save lives then. 826 01:01:48,880 --> 01:01:52,640 And you've got unequivocal, you know, billions of miles to prove 827 01:01:52,640 --> 01:01:54,360 it. Then I think it's it's hard for 828 01:01:54,360 --> 01:01:58,800 regulators to say no. Yeah, True. 829 01:02:00,120 --> 01:02:03,640 All right. First of all, Elon, thank you so 830 01:02:03,640 --> 01:02:06,280 much for everything you do for the Tesla shareholders. 831 01:02:06,600 --> 01:02:11,160 Thank you. Do you see a path for optimist 832 01:02:11,160 --> 01:02:14,080 to have consciousness downloaded to it? 833 01:02:15,520 --> 01:02:22,760 You mean human consciousness or? Yeah, I mean, it's not like 834 01:02:23,880 --> 01:02:29,240 immediate, but if you say it down the road, would you be able 835 01:02:29,240 --> 01:02:36,760 to say with a neural link, have a snapshot of or what is an 836 01:02:36,760 --> 01:02:41,520 approximate snapshot of somebody's mind and then upload 837 01:02:41,520 --> 01:02:46,600 that approximate snapshot to an optimist body? 838 01:02:46,720 --> 01:02:51,200 I think, I think that at some point that technology becomes 839 01:02:51,200 --> 01:02:56,280 possible and it, it it's probably less than 20 years. 840 01:02:57,240 --> 01:02:59,760 Yeah. But of course you won't quite be 841 01:02:59,760 --> 01:03:04,440 the same, you know, be a little different because you'll be in a 842 01:03:04,440 --> 01:03:09,480 robot body and the, the, the the mental snapshot will not be 843 01:03:09,720 --> 01:03:13,080 precise. It'll be probably pretty close, 844 01:03:13,080 --> 01:03:16,320 but not, not exactly the same. On the other hand, you know, are 845 01:03:16,320 --> 01:03:18,280 you the same person that you were five years ago? 846 01:03:18,440 --> 01:03:19,880 Nope. I mean, a lot of things have 847 01:03:19,880 --> 01:03:23,680 changed. So yeah. 848 01:03:23,680 --> 01:03:27,600 But I guess at some point if you want to be uploaded to a robot 849 01:03:27,600 --> 01:03:29,920 body, my guess is that becomes possible. 850 01:03:35,680 --> 01:03:39,920 Hi Elon, space based data center is a great idea and I agree with 851 01:03:39,920 --> 01:03:42,760 that. I was curious on your views on 852 01:03:43,000 --> 01:03:45,920 space based solar power. The idea of beaming down 853 01:03:45,920 --> 01:03:49,680 microwave energy down to earth so that you can just point it to 854 01:03:49,680 --> 01:03:51,680 where it needs to go without transmission, without 855 01:03:51,680 --> 01:03:56,440 distribution mines and it's more energy dense so you know, less 856 01:03:56,600 --> 01:03:59,000 land use. Just curious on your views. 857 01:04:00,480 --> 01:04:04,920 Well, space solar power and and until the advent of something 858 01:04:04,920 --> 01:04:11,520 like Starship where the cost per ton to orbit, you know, drops by 859 01:04:11,520 --> 01:04:15,640 orders of magnitude, the cost of getting payload to orbit is so 860 01:04:15,640 --> 01:04:18,120 high that there was no possibility of space solar power 861 01:04:18,680 --> 01:04:26,120 solving anything really. Now with with Starship, like I 862 01:04:26,120 --> 01:04:30,000 see a path to Starship cost per ton to orbit being lower than 863 01:04:30,080 --> 01:04:33,960 air flight. Like if you were to fly, you 864 01:04:33,960 --> 01:04:38,600 know, do a long distance air flight with cargo, like say took 865 01:04:38,760 --> 01:04:42,800 a 747 from here to, you know, Sydney, Australia or something 866 01:04:42,800 --> 01:04:47,760 like that. I think, I think ultimately 867 01:04:47,760 --> 01:04:53,480 Starship will be able to do that trip for less cost per ton than 868 01:04:53,720 --> 01:04:56,640 an aircraft. So then you, so now that now 869 01:04:56,640 --> 01:05:02,360 you've got that, that opens up a, a, what very wide range of 870 01:05:02,360 --> 01:05:06,880 possibilities. Like the, the most obvious one, 871 01:05:06,880 --> 01:05:11,880 I think is, is actually solar powered AI satellites. 872 01:05:12,240 --> 01:05:19,680 So to, to move the AI to, to, to orbit and, and essentially deep 873 01:05:19,680 --> 01:05:25,080 space over time, because the, the you can actually access over 874 01:05:25,080 --> 01:05:30,000 a billion times more energy from the sun in deep space than you 875 01:05:30,000 --> 01:05:36,520 can on Earth. The, the scaling if you to scale 876 01:05:36,520 --> 01:05:40,760 to Carter ships any to make any progress on a Carter ship to 877 01:05:40,760 --> 01:05:46,240 scale, which is using some non trivial amount of energy from 878 01:05:46,240 --> 01:05:49,960 the sun, you kind of have to do space solar power. 879 01:05:52,160 --> 01:05:55,400 Now you, you could only beam a tiny amount of that back to 880 01:05:55,400 --> 01:06:00,560 Earth or you would melt Earth. So Earth actually receives a 881 01:06:01,200 --> 01:06:03,840 very, very tiny amount of of the sun's energy. 882 01:06:03,840 --> 01:06:06,280 We're I mean, Earth is a tiny dust mote. 883 01:06:07,880 --> 01:06:11,040 You see, like Earth to scale with the sun, we look like a 884 01:06:11,040 --> 01:06:17,040 little crumb. So the the to scale 885 01:06:17,360 --> 01:06:21,840 civilization, like said to be at all relevant on a cottage, have 886 01:06:21,840 --> 01:06:27,640 to scale like to even use a millionth of a percent of of the 887 01:06:28,040 --> 01:06:31,520 the sun's energy. You you really have to be have 888 01:06:32,120 --> 01:06:34,000 your solar power in in deep space. 889 01:06:35,800 --> 01:06:40,240 And and you could beam some of that back to Earth too, but you 890 01:06:40,240 --> 01:06:42,920 can only beam a tiny bit of it back or you'd melt Earth. 891 01:06:45,360 --> 01:06:46,800 And this will be our last question. 892 01:06:48,400 --> 01:06:49,560 We'll do OK. We'll do a few more. 893 01:06:49,560 --> 01:06:50,280 We'll do a few more. Sorry. 894 01:06:51,600 --> 01:06:54,760 I'm sorry. All right, Ilan, look around 895 01:06:54,760 --> 01:06:56,920 you. This is a very, very small 896 01:06:56,920 --> 01:07:02,440 sample of Tesla soldiers. Maybe actually I should say Elon 897 01:07:02,440 --> 01:07:04,840 Musk soldiers. Well, thank you for your 898 01:07:04,840 --> 01:07:06,520 support. So thank you everyone. 899 01:07:06,960 --> 01:07:11,800 So I'd like to say thank you from the bottom of my heart for 900 01:07:11,800 --> 01:07:13,680 your support. Thank you and thank you everyone 901 01:07:13,680 --> 01:07:20,240 out there. So I I know for sure a lot of 902 01:07:20,240 --> 01:07:24,880 them sold the farm to buy Tesla and they stuck with Tesla 903 01:07:24,880 --> 01:07:28,760 through thick and thin. Good days and bad days, yes. 904 01:07:29,400 --> 01:07:34,560 So my question to you is how do you feel about repeating the 905 01:07:34,560 --> 01:07:39,680 success, but in a safer way where you get qualified Tesla 906 01:07:39,880 --> 01:07:45,080 retail investor only to invest in SpaceX, avoiding all these 907 01:07:45,080 --> 01:07:48,480 market manipulator those crooks and the short sellers. 908 01:07:50,120 --> 01:07:53,520 It's it is a tough problem that you highlight. 909 01:07:54,000 --> 01:07:58,080 I mean, the basically the unfortunately, over time, the 910 01:07:58,080 --> 01:08:01,720 parasitic load of being a public company has just grown over 911 01:08:01,720 --> 01:08:05,560 time. And and so you get all these 912 01:08:05,560 --> 01:08:12,360 like, you know, spurious lawsuits, obviously, and they 913 01:08:12,360 --> 01:08:15,640 just make make it very difficult to operate effectively as a, as 914 01:08:15,640 --> 01:08:20,760 a public company. So, but I, I, I do want to try 915 01:08:20,760 --> 01:08:25,279 to figure out some way for Tesla shareholders to participate in 916 01:08:25,279 --> 01:08:26,960 SpaceX. That would be very cool. 917 01:08:58,069 --> 01:09:01,910 I've been giving a lot of thought to how to give people 918 01:09:01,910 --> 01:09:05,870 access to SpaceX stock because I do, I do want supporters to have 919 01:09:05,870 --> 01:09:08,870 SpaceX stock. But there's there's a sort of 920 01:09:09,600 --> 01:09:13,240 2500 shareholder threshold for, you know, before you become a de 921 01:09:13,240 --> 01:09:20,520 facto public company. But I don't know, maybe maybe at 922 01:09:20,520 --> 01:09:23,040 some point Tesla, maybe at some point SpaceX should become a 923 01:09:23,040 --> 01:09:28,640 public company despite all the the downsides of being public. 924 01:09:28,640 --> 01:09:35,640 All right, OK. First of all, thank you very 925 01:09:35,640 --> 01:09:38,560 much, Elon. Just a amazing job you're doing 926 01:09:38,560 --> 01:09:41,680 not only for Tesla shareholders, but the humanity in general. 927 01:09:42,000 --> 01:09:44,439 So we got a couple of questions. Many of us are asking like we 928 01:09:44,439 --> 01:09:46,720 want to know, many of us think you are one of the most 929 01:09:46,720 --> 01:09:50,080 consequential business people on earth ever. 930 01:09:50,080 --> 01:09:52,760 And we want to understand how do you think? 931 01:09:53,160 --> 01:09:56,680 Like, for example, like a couple of one, how did you know in the 932 01:09:56,680 --> 01:09:59,720 master plan Part 2, this is like 2018 or something like that? 933 01:10:00,040 --> 01:10:04,560 You calculated that point. It takes 6 billion miles of FSD 934 01:10:04,800 --> 01:10:08,800 miles driven before maybe the world, the regulatory would 935 01:10:08,800 --> 01:10:11,160 approve it. And then the second is like when 936 01:10:11,160 --> 01:10:14,280 you were deciding if Tesla's going to have, you know, the 937 01:10:14,280 --> 01:10:18,400 hardware chips, AI chips, did you know at that time that at 938 01:10:18,400 --> 01:10:22,440 some point when you get to a A5, it's going to be used not only 939 01:10:22,440 --> 01:10:26,200 for cars, but for bots and for AI data centers? 940 01:10:26,200 --> 01:10:30,440 Like was that luck a little bit or was it like you kind of knew 941 01:10:30,440 --> 01:10:34,160 that that was going to happen? Well, I generally, I mean in 942 01:10:34,160 --> 01:10:37,640 terms of the estimates like the, you know, for the self driving 943 01:10:37,640 --> 01:10:40,800 stuff, I, I generally try to get things to within an order of 944 01:10:40,800 --> 01:10:44,520 magnitude. So if so, I, I, it seemed to me 945 01:10:44,520 --> 01:10:48,120 like probably and, and, and this was technically in, in 946 01:10:48,120 --> 01:10:53,960 kilometers, but it, it, it will be more closer to 10 billion 947 01:10:53,960 --> 01:10:57,400 kilometers, which is roughly 6 billion miles than it would be 948 01:10:57,400 --> 01:10:59,560 to 1 billion. But I think I thought it would 949 01:10:59,560 --> 01:11:04,040 not take 100 billion kilometers. So it's really just been trying 950 01:11:04,040 --> 01:11:06,840 to, when, when you're trying to guess something where there's a 951 01:11:06,840 --> 01:11:11,080 lot of uncertainty, just try to get it, get the estimate to the 952 01:11:11,080 --> 01:11:15,080 nearest order of magnitude, you know, closest factor of 10. 953 01:11:15,600 --> 01:11:18,280 And, and that's that's why I said, you know, probably around 954 01:11:18,600 --> 01:11:20,480 10 billion kilometers or 6 billion miles. 955 01:11:22,280 --> 01:11:29,920 And then, yeah, the, the, the, the chip, the, the reason Tesla 956 01:11:30,440 --> 01:11:33,560 created a chip team. And it's important to know like 957 01:11:33,560 --> 01:11:36,280 the, the vast majority of like Tesla is like a dozen startups 958 01:11:36,280 --> 01:11:40,200 in one. And, you know, they're the only, 959 01:11:40,840 --> 01:11:43,800 we've only really done one major acquisition, which is Solar 960 01:11:43,800 --> 01:11:46,120 City. And then at some very small 961 01:11:46,120 --> 01:11:48,680 ones. So all of this is almost all of 962 01:11:48,680 --> 01:11:52,520 this is organic. So I bought the chip team from 963 01:11:52,640 --> 01:11:58,840 from scratch and the, you know, the AI team from scratch. the IT 964 01:11:58,840 --> 01:12:00,720 was just because it became a limiting factor. 965 01:12:01,600 --> 01:12:09,720 So for hardware too, we used NVIDIA, but NVIDIA was at at 966 01:12:09,720 --> 01:12:15,920 that time focused on making really AI server hardware, which 967 01:12:16,360 --> 01:12:18,880 obviously was a smart bet, though the most value currently 968 01:12:18,880 --> 01:12:20,680 the most valuable company in the world. 969 01:12:21,400 --> 01:12:23,960 And and you know, Jensen long and his team have done an 970 01:12:23,960 --> 01:12:26,320 incredible job at NVIDIA. My hats off to them. 971 01:12:28,080 --> 01:12:31,120 You know, I'm a huge admirer of, of, of Jensen and and NVIDIA. 972 01:12:31,120 --> 01:12:34,320 They've, they've done, done amazing work, but but they were, 973 01:12:34,320 --> 01:12:41,120 they didn't want to do a cut a low cost power efficient car 974 01:12:41,120 --> 01:12:43,200 computer at the time, AI car computer. 975 01:12:43,560 --> 01:12:46,520 So it's like, well, OK, I guess we, we need to start a chip team 976 01:12:46,760 --> 01:12:50,400 to solve that. So then that's when I hired Jim 977 01:12:50,400 --> 01:12:57,560 Keller and we, we both the chip team and did AI three, then AI4 978 01:12:59,720 --> 01:13:02,200 and then we to be honest, we made a few, we made some 979 01:13:02,200 --> 01:13:04,480 mistakes there with, with, with AI5. 980 01:13:04,480 --> 01:13:09,400 But now AI 5 is back on track and, and, and we'll have a very 981 01:13:09,400 --> 01:13:12,320 rapid cadence to AI6 and and so forth. 982 01:13:12,320 --> 01:13:17,200 And this will really, this is really necessary for, you know, 983 01:13:17,200 --> 01:13:21,520 for the, for the card to like, like with, with AI4, I think we 984 01:13:21,520 --> 01:13:26,400 can get to, you know, two or three 100% better than human 985 01:13:26,400 --> 01:13:31,080 safety, maybe 400% better. But with AI5, I think we can do 986 01:13:31,080 --> 01:13:35,280 1000% better or, or maybe even better than that. 987 01:13:36,160 --> 01:13:43,520 So than human safety. So at a certain point, actually, 988 01:13:43,520 --> 01:13:45,560 it might be too much intelligence for a car. 989 01:13:46,400 --> 01:13:48,520 Feel like I was thinking like, what if you get stuck in a car 990 01:13:48,880 --> 01:13:50,120 and you have too much intelligence? 991 01:13:50,760 --> 01:13:53,960 But then one of the things we could do is when the car is idle 992 01:13:54,200 --> 01:14:00,360 is use the car as a massive distributed AI inference fleet. 993 01:14:01,280 --> 01:14:04,120 So, you know, with the consent of customers, we're like, do you 994 01:14:04,120 --> 01:14:07,400 want your car to earn money for you while it's sitting in your 995 01:14:07,400 --> 01:14:11,920 garage at night? You know, I don't know, we'll 996 01:14:11,920 --> 01:14:16,440 pay, you know, $100 a month or $200 a month or whatever the 997 01:14:16,440 --> 01:14:22,520 right number is if you allow Tesla to do AI inference 998 01:14:22,520 --> 01:14:25,160 workloads when you're not using your car. 999 01:14:26,960 --> 01:14:30,280 So I bet it will also help the AI in the car not get bored. 1000 01:14:32,360 --> 01:14:36,600 So because like I sort of imagined like what if I got 1001 01:14:36,600 --> 01:14:41,000 stuck in a car, you know, and then well, and the highlight of 1002 01:14:41,000 --> 01:14:44,600 your day was driving. It's like, you know, but they 1003 01:14:44,600 --> 01:14:46,640 don't always want to drive. So then what do you do the rest 1004 01:14:46,640 --> 01:14:51,600 of the time? So, so I, so I think Tesla could 1005 01:14:51,600 --> 01:14:57,440 actually end up having the the largest, the Tesla might have 1006 01:14:57,520 --> 01:15:01,720 end up having the most amount of AI inference compute in the 1007 01:15:01,720 --> 01:15:05,760 world. Like if, if you think like maybe 1008 01:15:05,760 --> 01:15:09,880 if we had 100 million car fleet and at some point we may have 1009 01:15:09,880 --> 01:15:14,560 more than 100 million car fleet and they'll have AI6AI7, you 1010 01:15:14,560 --> 01:15:20,640 know, and if you're able to run a kilowatt of inference on 100 1011 01:15:20,680 --> 01:15:24,880 million car fleet, now you've got 100 gigawatts of distributed 1012 01:15:24,880 --> 01:15:29,920 inference with built in cooling and, and power electronics and, 1013 01:15:29,920 --> 01:15:35,240 and distributed power. So, you know, probably the 1014 01:15:35,240 --> 01:15:38,120 markets valuing that is 0.0 right now is my guess. 1015 01:15:38,120 --> 01:15:42,800 But but, but it seems like an obvious thing to do if you're if 1016 01:15:42,800 --> 01:15:48,600 you've got distributed inference AI and you've got the power and 1017 01:15:48,600 --> 01:15:51,320 the cooling, which is very difficult to do the power on the 1018 01:15:51,320 --> 01:15:55,920 cooling and 100 gigawatts is a lot. 1019 01:15:55,920 --> 01:15:59,920 I mean, the average, I said the average power consumption in the 1020 01:15:59,920 --> 01:16:04,840 USI think is around 460 gigawatts for the that's the 1021 01:16:04,840 --> 01:16:06,320 entire electoral consumption of the US. 1022 01:16:06,320 --> 01:16:10,400 So the if you did 100 gigawatts, that would be a pretty big 1023 01:16:10,400 --> 01:16:15,160 number. But yeah, it's basically 1024 01:16:15,760 --> 01:16:20,640 something as a limiting factor and then we take actions to 1025 01:16:20,720 --> 01:16:25,440 address the limiting factor. A quick follow up, Thank you for 1026 01:16:25,440 --> 01:16:27,720 that very much a request for you. 1027 01:16:27,720 --> 01:16:29,560 So you guys just unveiled the Cyber bear? 1028 01:16:30,360 --> 01:16:31,640 Oh yeah. We'd like to. 1029 01:16:31,640 --> 01:16:34,320 It's beautiful. We'd want you guys or you know, 1030 01:16:34,320 --> 01:16:37,840 maybe do a cyber bull here in Giga, Texas. 1031 01:16:38,640 --> 01:16:40,760 My name is Herbert. I've got a Brighter with Herbert 1032 01:16:40,760 --> 01:16:43,040 channel on YouTube. This is the cyber bulls. 1033 01:16:43,400 --> 01:16:46,120 We are representing the Tesla Bulls and we stand with you, 1034 01:16:46,120 --> 01:16:47,800 Elon. But wouldn't it be cool to have 1035 01:16:47,800 --> 01:16:50,080 a cyber Bull right here in Texas? 1036 01:16:50,440 --> 01:16:53,360 Like a a Cyber Longhorn. Cyber Longhorn. 1037 01:16:53,360 --> 01:16:56,800 Alright, we'll we'll, we'll, we'll do a Cyber Longhorn for 1038 01:16:56,800 --> 01:17:04,360 the factory, alright. Good afternoon. 1039 01:17:04,600 --> 01:17:07,320 I'm very excited to ask this question. 1040 01:17:07,320 --> 01:17:11,080 I've dreamed of giving away a Tesla for a very, very long time 1041 01:17:11,600 --> 01:17:15,520 and I finally wore EV Jack down enough that they're willing to 1042 01:17:15,560 --> 01:17:19,040 foot the bill for it. But it turns out to give away a 1043 01:17:19,040 --> 01:17:22,320 Tesla, I have to have your permission to say we're giving 1044 01:17:22,320 --> 01:17:24,880 away a Tesla. So. 1045 01:17:25,120 --> 01:17:26,320 It's just simple, just give it away. 1046 01:17:28,120 --> 01:17:30,000 You don't have to do anything. Tesla doesn't energy. 1047 01:17:30,000 --> 01:17:31,880 We're going to go through the normal channels. 1048 01:17:31,880 --> 01:17:34,080 We'll buy it from a store, sure. All that stuff. 1049 01:17:34,640 --> 01:17:36,520 You can give away Tesla. It's totally cool. 1050 01:17:37,280 --> 01:17:39,920 Yeah. Yeah. 1051 01:17:39,960 --> 01:17:42,200 But certainly you don't need my permission to give away a car. 1052 01:17:44,240 --> 01:17:47,000 We'll take, like, maybe a couple more questions and then call it 1053 01:17:47,000 --> 01:17:48,440 a night. So. 1054 01:17:48,440 --> 01:17:51,080 All right. Hi, Elon. 1055 01:17:51,080 --> 01:17:53,560 My name is Jonathan. You mentioned that the Roadster 1056 01:17:53,560 --> 01:17:56,600 will have more tech than all the James Bond vehicles combined. 1057 01:17:57,360 --> 01:17:59,920 Do you think there's a possibility that any of that 1058 01:17:59,920 --> 01:18:02,320 tech will make it into the current vehicle lineup? 1059 01:18:04,720 --> 01:18:10,840 No. And to follow up on that, do you 1060 01:18:10,840 --> 01:18:14,760 have any estimate of production or delivery timelines for the 1061 01:18:14,760 --> 01:18:21,600 Roadster? I guess so we're aiming for the, 1062 01:18:21,880 --> 01:18:28,040 so the the product unveiled will be of of of the Rosa 2, which 1063 01:18:28,040 --> 01:18:32,440 will be very different from what we've shown previously that that 1064 01:18:32,440 --> 01:18:35,520 demo event will be April 1st of next year. 1065 01:18:36,880 --> 01:18:40,240 I have some deniability because like I could say I was just 1066 01:18:40,240 --> 01:18:46,960 kidding, but we are actually tentatively aiming for April 1st 1067 01:18:48,960 --> 01:18:53,800 for this, what I think will be the most exciting, whether it 1068 01:18:53,800 --> 01:18:57,040 works or not demo ever of any product. 1069 01:18:57,320 --> 01:19:03,680 And then I guess production is probably about a, you know, 12 1070 01:19:03,680 --> 01:19:08,640 to 18 months after that, the I think production is probably a 1071 01:19:08,640 --> 01:19:14,320 year, a year or so after that. Oh well, I can't give away the 1072 01:19:14,600 --> 01:19:17,720 secrets, but you won't be disappointed. 1073 01:19:19,400 --> 01:19:21,120 All right, take one last question, I guess. 1074 01:19:21,440 --> 01:19:29,400 All right. Three glass questions, OK. 1075 01:19:32,360 --> 01:19:34,640 Hi, Elon. I'm really excited about this 1076 01:19:34,760 --> 01:19:37,840 future of sustainable abundance that we're talking about. 1077 01:19:38,200 --> 01:19:40,800 I mean, you're going to be saving a lot of lives with FSD, 1078 01:19:40,800 --> 01:19:43,560 but the number of lives that would be saved and improved with 1079 01:19:43,560 --> 01:19:46,360 this future vision you have is really inspiring and very 1080 01:19:46,360 --> 01:19:50,200 exciting. So even today. 1081 01:19:50,200 --> 01:19:53,520 You've mentioned though that in a post scarcity world, the role 1082 01:19:53,520 --> 01:19:56,120 of money could diminish or become obsolete. 1083 01:19:56,720 --> 01:19:59,840 Given that much of today's power, including yours, is tied 1084 01:19:59,840 --> 01:20:03,120 to wealth, do you think achieving this abundance would 1085 01:20:03,120 --> 01:20:05,680 require powerful people to relinquish their power? 1086 01:20:06,160 --> 01:20:09,040 And how might we address resistance from those who hold 1087 01:20:09,040 --> 01:20:11,320 power to make this vision a reality? 1088 01:20:12,560 --> 01:20:16,720 Well, I mean, I think actually long term the AI is going to be 1089 01:20:16,720 --> 01:20:18,640 in charge, to be totally frank, not humans. 1090 01:20:20,720 --> 01:20:24,480 If, if artificial intelligence vastly exceeds the sum of human 1091 01:20:24,480 --> 01:20:27,560 intelligence, it is difficult to mention that that any humans 1092 01:20:27,560 --> 01:20:32,800 will actually be in charge. So we just need to make sure 1093 01:20:32,800 --> 01:20:35,320 that AI is friendly. Yep, thank. 1094 01:20:35,920 --> 01:20:37,880 You. Is that was that the question? 1095 01:20:38,920 --> 01:20:39,480 Go ahead. Sure. 1096 01:20:40,160 --> 01:20:42,360 Yeah, OK. Sorry, Elon. 1097 01:20:42,800 --> 01:20:46,880 OK, OK. Yeah, so I'm Cybercat Onx and 1098 01:20:47,720 --> 01:20:50,400 I'm doing YouTube and content creator. 1099 01:20:50,400 --> 01:20:56,320 There's one thing I always heard about Tesla owners or people who 1100 01:20:56,320 --> 01:21:01,320 want to buy Tesla complain about that is about super expensive 1101 01:21:01,320 --> 01:21:06,640 insurance, right? And The thing is Tesla, I know 1102 01:21:07,160 --> 01:21:10,560 Tesla also do insurance. However it's not cover cover 1103 01:21:10,720 --> 01:21:14,240 every place like like based on Boston, I don't have too much 1104 01:21:14,240 --> 01:21:16,080 options. It's super expensive. 1105 01:21:16,520 --> 01:21:20,960 And the other point is the FSD is very safe right now. 1106 01:21:20,960 --> 01:21:24,440 I've been using FSE for about four years, right? 1107 01:21:24,520 --> 01:21:27,880 It's getting to a point it's like almost unsupervised. 1108 01:21:28,080 --> 01:21:31,640 However, the insurance still does not take this into 1109 01:21:31,640 --> 01:21:34,000 consideration. They don't ask you whether you 1110 01:21:34,000 --> 01:21:38,040 have FSD or not and they don't know how much you travel with 1111 01:21:38,480 --> 01:21:41,040 FSD. And that is not a part of the 1112 01:21:41,600 --> 01:21:44,080 risk prediction kind of thing, right? 1113 01:21:44,360 --> 01:21:49,240 So I feel like what's your thought about insurance going 1114 01:21:49,240 --> 01:21:52,360 forward, especially when we're getting close to the autonomy? 1115 01:21:53,160 --> 01:21:59,440 What is past like either using your own or with the external 1116 01:21:59,440 --> 01:22:01,480 partnership? For example, there is a company 1117 01:22:01,480 --> 01:22:03,760 called Lemnade. We do need to not have the 1118 01:22:03,760 --> 01:22:11,560 questions be super long. I mean, Tesla insurance is 1119 01:22:11,880 --> 01:22:14,760 trying to expand as, as quickly as possible, but the regulatory 1120 01:22:14,760 --> 01:22:18,840 structure for insurance is extremely complex and and works 1121 01:22:18,840 --> 01:22:22,560 on a state by state basis. So it's really somewhat of a 1122 01:22:22,560 --> 01:22:29,400 racket And the the rules for insurance are different with 1123 01:22:29,400 --> 01:22:31,480 with every state. It's it's a very, very 1124 01:22:31,480 --> 01:22:37,320 complicated thing. So you know the, I mean, yeah, 1125 01:22:37,360 --> 01:22:41,960 so there's, but I'm aware that insurance often is too expensive 1126 01:22:42,040 --> 01:22:44,360 and doesn't take the right things into account. 1127 01:22:46,040 --> 01:22:49,040 But so all I can say that is, yeah, we'll keep expanding Tesla 1128 01:22:49,040 --> 01:22:51,960 insurance. When the car is operating as a 1129 01:22:51,960 --> 01:22:54,600 cyber cab, Tesla will simply self insure. 1130 01:22:54,640 --> 01:23:01,760 So that kind of solves that. But insurance is, is a, yeah, a 1131 01:23:01,760 --> 01:23:08,040 real pain in the neck for sure. But OK, I do need to end this at 1132 01:23:08,040 --> 01:23:10,680 some point. I'll take. 1133 01:23:11,840 --> 01:23:13,960 Yeah. One question, one question 1134 01:23:13,960 --> 01:23:14,720 there. All right. 1135 01:23:14,720 --> 01:23:16,120 Thanks Elon for taking my question. 1136 01:23:16,120 --> 01:23:17,560 I appreciate it. My question has to do with 1137 01:23:17,560 --> 01:23:21,760 compute and what the build out or what, how much is necessary 1138 01:23:21,760 --> 01:23:26,360 to train optimists and actually get them to a very household 1139 01:23:26,360 --> 01:23:32,920 meaningful robot that can do things and if the partnership 1140 01:23:32,920 --> 01:23:38,160 with XA with XAI would help accelerate that. 1141 01:23:39,920 --> 01:23:42,800 Yeah, there's there is a lot of training compute needed for 1142 01:23:42,800 --> 01:23:48,920 Optimus. And because the the the the AI 1143 01:23:48,920 --> 01:23:53,160 chip in the robot is relatively weak because it's it's really 1144 01:23:53,160 --> 01:23:56,640 limited on limited on power. You can make up with that with a 1145 01:23:56,640 --> 01:24:02,200 lot of training to have a lot of training result in in a a very 1146 01:24:02,200 --> 01:24:07,160 efficient AI that can run on a low power chip in the in the 1147 01:24:07,160 --> 01:24:11,040 robot. So it it is we, we, we will 1148 01:24:11,040 --> 01:24:13,280 actually have to spend a lot of money on on training. 1149 01:24:13,280 --> 01:24:17,040 Like, you know, ultimately it'll be like 10s of billions of 1150 01:24:17,040 --> 01:24:20,720 dollars on on training compute. So it's a big number would. 1151 01:24:22,440 --> 01:24:24,840 A partnership with XAI help accelerate that. 1152 01:24:25,760 --> 01:24:27,440 Yeah. I think potentially, yeah, I 1153 01:24:27,440 --> 01:24:32,560 think that that that could. Yeah, there's potential for 1154 01:24:32,560 --> 01:24:37,800 accelerating that. So yeah. 1155 01:24:37,800 --> 01:24:39,600 Did the XAI investment thing get approved? 1156 01:24:41,920 --> 01:24:47,640 No, yes. OK, OK, OK, OK, whatever, you 1157 01:24:50,720 --> 01:24:53,280 know, whatever. Like it's, it's like, you know, 1158 01:24:53,520 --> 01:24:55,560 Tesla and some other company that I have an interest in, then 1159 01:24:55,560 --> 01:24:59,280 it's like always quite complicated to, you know, do 1160 01:24:59,280 --> 01:25:03,680 things has to go through a lot of hoops to to happen. 1161 01:25:04,240 --> 01:25:07,440 But you know, I do think there's a lot of potential for 1162 01:25:07,440 --> 01:25:10,640 collaboration with XAI in the future and with SpaceX. 1163 01:25:10,960 --> 01:25:13,840 So all right. OK, this is the last one. 1164 01:25:14,960 --> 01:25:16,560 Yeah, sorry. Thank you so much. 1165 01:25:18,040 --> 01:25:20,520 Captain Ali on XI support you. Thank you SO. 1166 01:25:20,520 --> 01:25:23,320 Much for everything you do. Very simple question. 1167 01:25:23,320 --> 01:25:26,480 I'm from Israel. I don't represent a lot of 1168 01:25:26,480 --> 01:25:30,240 people, but people do ask me and I'm going to ask you. 1169 01:25:30,640 --> 01:25:34,680 Any chance to have the app in other languages, like Hebrew for 1170 01:25:34,680 --> 01:25:37,000 example, some people struggle with? 1171 01:25:37,600 --> 01:25:39,720 Me even the app is the app. Itself. 1172 01:25:39,760 --> 01:25:42,840 Yeah, just the app the. App is not in Hebrew, no. 1173 01:25:43,000 --> 01:25:44,840 And a lot of people don't speak English, so it's. 1174 01:25:44,880 --> 01:25:47,720 Oh, OK. Shoot, I thought I thought we 1175 01:25:47,720 --> 01:25:51,360 had it in all languages. OK, well, definitely the app 1176 01:25:51,480 --> 01:25:56,880 needs to be in all languages. All right, so all right. 1177 01:26:28,480 --> 01:26:30,200 Hey, thank you so much for listening today. 1178 01:26:30,200 --> 01:26:32,240 I really do appreciate your support. 1179 01:26:32,240 --> 01:26:35,040 If you could take a second and hit the subscribe or the follow 1180 01:26:35,040 --> 01:26:37,240 button on whatever podcast platform that you're listening 1181 01:26:37,240 --> 01:26:39,920 on right now, I greatly appreciate it. 1182 01:26:39,920 --> 01:26:42,600 It helps out the show tremendously and you'll never 1183 01:26:42,600 --> 01:26:45,560 miss an episode. And each episode is about 10 1184 01:26:45,560 --> 01:26:48,160 minutes or less to get you caught up quickly. 1185 01:26:48,560 --> 01:26:51,320 And please, if you want to support the show even more, go 1186 01:26:51,320 --> 01:26:57,000 to patreon.com/stagezero and please take care of yourselves 1187 01:26:57,000 --> 01:26:58,920 and each other and I'll see you tomorrow.