Hey everybody. Welcome back to the Elon Musk
Podcast. This is a show where we discuss
the critical crossroads, The Shape, SpaceX, Tesla X, The
Boring Company, and Neurolink. And I'm your host, Will Walden.
If you want uninterrupted episodes of the Elon Musk
Podcast, please go to clubelon.supercast.com to find
out how. There's a link in the show
notes. Our mission is to accelerate the
world's transition to sustainable energy.
It's only possible because of the incredible people here at
Tesla. They are absolutely committed to
the cause of sustainable energy, and that is why we can do what
no other company can do. We can make lower cost products
that are still efficient and compelling, and we can make them
at scale. We're going to build them all in
compact and high output factories that are easy for us
to build quickly. We work together in a way that
allows us to ask the hard questions.
This is the product that will retire Fossil.
Fuels. We're not just creating
products, we're creating a movement for sustainable energy
for everyone. What?
We're trying to convey is a message of hope and optimism.
Optimism that is based on actual physics.
Both can and will move to a sustainable energy economy and
will do so in your lifetime. Solution to scalable FSD is
getting the architecture, the data and the compute just right
and we have assembled a world class team to execute on this.
Every truck that we put on the road that replace the diesel
trucks makes a huge difference towards driving us towards our
total mission of sustainable energy and transportation.
You can see and you can feel the collaboration that's happening
and the pride that everyone has in working for Tesla.
All right, well, let me start off first by thanking everyone
at Tesla for your incredible hard work.
I mean, the Tesla team is an incredible team, great human
beings like I mean, anyway, some of the finest people in the
world work at Tesla designing and manufacturing our incredible
products. So my thanks to you for
everything you're doing well done.
So we're going to go through just a list of the incredible
achievements of the Tesla team. We've now produced over 7
million vehicles, 7 million in our in our first year of
production we, we produced just over 20 vehicles.
And I thought well, maybe we can be able, we might want to be
able to do 10 or 20 a week instead of 10 or 20 a year.
And with the way things are tracking right now, we will
actually have made over 10 million vehicles next year.
So we'll pass the 10 million vehicle cumulative.
That's a lot of cars, man. That's a lot of cars.
So, so it's it's really and it's incredibly difficult as you
know, to design, to build, to manage the supply chain with
thousands of suppliers, make sure everything arrives, you've
got 10s of thousands of parts, make sure everything works, then
build the car, service the car and it's it's it's really
difficult. I mean this frankly, the car
business is a tough, a tough business.
So but the, the, and you know, there are times when there are
rocky moments, like things are sort of like a little bit of
stormy weather. But what I'm here to tell you is
that the future is incredibly bright and exciting and we're
going to do things that no one I think has even dreamed of.
You know what we've said we're going to do it, but I think
until we actually do it, people won't believe just how
incredible it is. So I'm going to go through all
of the things that that we're accomplishing here.
So once again, thank you very much.
So, you know, it's worth noting that Tesla remains of the
company of choice for people to work for.
So we get millions of applications per year for a very
small number of spots. And we continue to be the the
leading organization along with SpaceX for engineering talent in
the world and also for manufacturing talent really for
it's like it's an awesome place to work basically.
And we're because of our growth, there's a lot of opportunity for
upward mobility. And I'm going to talk you
through just you know, how I see the future unfolding and why I
think it is going to be incredible.
So first of all, as always, we care a lot about safety.
So the safety of our cars and the safety of people within the
factory. So you can see that our work
related injuries have declined over time.
So thank you for helping make that happen.
That's a collaborative effort. So congratulations to the safety
team on continuing to improve workplace safety.
So one of the things that may seem like how do you, how do you
pull it all together is, you know, where does AI and robots
fit in this sort of sustainable energy picture?
Like, is that just like some weird side project or, or what
you know, but it's, it's because what we're really aiming for
here is maybe a better way to think about rather than
sustainable energy is sustainable abundance for all.
So if you think about like what is the future that would what's
what's the most exciting future that you could possibly imagine?
Like what does that future look like?
It's worth thinking about that. Just just think, just in, just
just imagine a future. What does that that amazing
future look like? How about a future where you can
have any good or service you want at will?
A future of abundance for all where really anyone can have
anything. It sounds impossible.
It sounds like it's really such a thing cannot be the case.
But what I'm here to tell you is that that will indeed be the
case. That the future we're headed for
is 1 where you can literally just have anything you want.
Like if there's a go to service you want, you'll be able to have
it and and ultimately everyone in the world will be able to
have anything they want. What's key to that is robotics
and AI. So once you have self driving
cars and you have autonomous humanoid robots where everyone
can have their own personal C3PO and R2D2, but even better than
that, that's Optimus. You can imagine like your own
personal robot buddy that is a great friend, but also takes
care of your house, will clean your house, will mow the lawn,
will walk the dog, will teach your kids, will babysit and,
and, and will also also enable the production of goods and
services basically with no limit.
And when you combine that with sustainable energy from the sun
and batteries, we can also at the same time also maintain a
great environment. So that's I think is the future
that we that we want a future where nobody's nobody's in need.
You can have what you want and we still, but we still have
nature. We still have, you know, the,
the beautiful parts of nature that that we like.
I think that's probably the best future.
I can't, I was like, what other future would you want?
I think that's like the cool future.
And also space travel. Let's not forget that.
So if you can have basically anything you want and travel to
space and go to Mars, and that would be that's about as good as
I guess, you know, it's like that's it.
So that's really what we're trying to do is take the set of
actions most likely to lead to a great future for all.
So that's what I mean by sustainable abundance and the,
the, the combination of things that we're making with Optimus
and AI and AI compute will achieve an age of abundance for
all. Like actually, so it's going to
be pretty great. Model Y became the best selling,
you know, vehicle in the world, you know, FYI, we do make the
best, you know. You know, it's, it's how we're
doing our popularity. Well, we actually literally make
the best selling car on earth of any kind.
So that's ends for two years in a row.
So and it's going to be the best selling car on earth again this
year. So the Cyber truck became the
best selling electric vehicle pickup instantly because it's
awesome. And Tesla was the best selling
electric vehicle in Europe, the fastest growing brand in South
Korea. And we launched in a lot of new
markets including Qatar, Lithuania, Chile, and the
Philippines. And we'll be opening in a whole
bunch more markets as well. So Tesla's will be available
worldwide. So overall, you know, it's good.
If you read the news, it feels like, you know, Armageddon.
So I was like, I can't walk past the TV without seeing a Tesla on
fire. And like, what's going on?
You know, some people that's like, listen, I understand if
you don't want to buy our product, but you don't have to
burn it down. That's a bit unreasonable.
You know, like, like this is psycho.
Stop being psycho. OK.
So and we launched the new Model Y Congrats to the team on on
faster. So you know, that's that's
obviously very tough because we've got factories all across
the world and we've got a change over a global, a supply chain on
333, basically 3 supply chains on three continents.
And I think you did an amazing job of switching over the
world's best selling car globally in a in a very short
period of time. Well done guys.
And this all forget also we upgraded Model 3 last year.
So I would encourage people to also buy the model 3.
It's a great car actually. So and the cyber truck is
achieved 5 star safety. You know, these these days, you
know, sometimes things get a little dangerous.
The neighborhood and the cyber truck being bulletproof and all
can come in handy. So, but apart from being
bulletproof, it's also very safe in a crash.
We're also building the Tesla Semi factory.
This is a vehicle that some people said was impossible to
build, that it defied physics. Well, not only does it not defy
physics, we're going to be making a lot of them.
So we're going to make just a, you know, I think ultimately
we'll make over 1,000,000 millions probably of the Tesla
Semi. And this is really going to be
something that works. You'll see all over the place.
And it'll also be autonomous or have the ability to be, to go
autonomous down the road. So really autonomy is a massive,
massive thing. The future is autonomous.
So I always sort of think like, what will the future look like
in five years or 10 years, 20 years and five years from now?
Autonomous cars are going to be everywhere, primarily going to
be Tesla's, by the way, but autonomous Tesla's will be
everywhere. And I think in five years,
probably we'll have regulatory approval, I think globally.
So you'll have autonomous Tesla's on every continent
taking people on trips, and almost the entire fleet, which
will pass 10 million vehicles next year, is capable of full
autonomy. So even without the the cyber
cab, we still actually have a gigantic fleet that is capable
of being autonomous. And the thing about being an
autonomous car is that it can be used much more than a car that
is not autonomous. A typical passenger vehicle car
will be used about 10 hours a week.
So you might use it, who might use it for an hour and a half a
day on average for seven days, which is about 10 hours a week.
But there are 168 hours in a week.
So if you have a car that that's a robot car that can drive
autonomously, it can now be used potentially for 80, maybe 100
hours a week. So you could have a car that it
that has 10 times the usefulness of a non autonomous car, but it
still costs the same. In fact the fleets are already
built. So the software update is just
enables that capability. Overnight you have an increase
in usefulness of 10 million cars that suddenly become like 50
million cars or maybe 80 or 100 million cars of usefulness
overnight. That that's a profound thing.
Like nothing like that has ever happened before.
There is no, there is no analogy that there's no nothing is
there's never been something where a software update
increased the value of a gigantic asset base by a factor
of like 500 to 1000%. So it's very difficult for like,
you know, people in the stock market, especially those that
look in the rearview mirror, which is most people to imagine
a future where suddenly a 10 million vehicle fleet has five
to 10 times the, the usefulness. It's, it's so profound and, and
there's, there's no comparison with anything in the past that
they just can't, it does not compute, but it will compute in
the future. And some people like Kathy Wood
at Arc Invest do see the future. So what I'm saying is hang on to
your stock. So, so yeah, it's it's really,
it's mind blowing. Then I want to give a shout out
to service. Service is a tough job, an
important job, and it's actually what sells cars long term, you
know, because the, the initial car is sold with sales, but all
future cars are sold with service.
And I always encourage our service team like, let's try to
give people a service experience that they love, not merely if
they like, but that they love because people will talk about
something that they love. That was an amazing experience.
But they, they don't talk very much about things that they
like. You have to really do something
amazing. And then they'll, they'll,
they'll talk about it and be like, wow, that's incredible.
So thank you to the service team for the great job you do.
And I mean, you can see sort of I like this sort of light map of
superchargers. You can see you can go
practically anywhere in, in the US, Mexico, Europe, China most
well, I guess not the Outback of Australia, but but you know,
most of the places where people live.
So our supercharger network continues to grow significantly
and we keep upgrading our superchargers.
This is, in fact, I still run into a lot of people who don't
realize that you can drive, you can take your Tesla on a road
trip anywhere in America or anywhere in Europe, anywhere,
pretty much anywhere in China, just using the Tesla
Supercharger network. And it's actually easy and
convenient. So people think that they're
whatever the range of the car is, that's as far as they can
go. Like, no, you can just stop at a
Supercharger network. The car's battery will last
longer than your bladder. I'm pretty confident.
So that's really the threshold as long as the car battery lasts
longer than your bladder and just plug it in when you go to
the restroom and you come back and, you know, grab a coffee or
whatever and you're back on the road and everything's good, then
that's the range that matters and the supercharging speed that
matters. So, yes, so Congrats to the
Supercharger team on expanding network, do great, great work
there, So. And then the, I mean the Mega
Pack and Powerwall team are really knocking it out of the
park. The demand for BAT for
stationary battery storage is gigantic.
And I think that is actually only going to increase
dramatically over time. So and that the, we've got the
Shanghai Mega Factory that's got started in record time in
February can drag. Congrats to the Shanghai factory
team there. That's awesome.
And the Powerwall 3 is, it usually takes, it usually takes
about three major technology iterations for the product to be
great. And the Powerwall 3 really is a
fantastic home energy product. And it's something that if you
want to have ensure that your home has uninterrupted power
during a power outage, the Powerwall 3 is the way to go.
And if you combine that with solar, you can basically be off
grid, which is pretty cool. But I think just having energy
insurance like like being or energy assurance, such that if
the, if the utility goes down, you don't even notice you like
the lights respond to your house and your neighbors will come to
you for help. Basically that's actually what
happens when somebody has a Tesla Powerwall and there's a
power outage. So that's a, that's a great
product. And then, yeah, Megapack,
especially at the utility scale, is that the opportunity there is
gigantic because it enables a utility grid to dramatically
increase the output of electricity, because you can,
you can generate electricity at night and then Megapack can
provide that electricity during the day because normal
electricity demand is very uneven.
There's a lot of electricity usage during the day, but
limited at night. So Megapack actually has the
potential to increase the output of an existing electricity grid
by more than double. So you can actually, without
building additional power plants, double the total output
of energy in a year. So it's quite a profound thing.
Yeah. So Megapack is, is also really
good at stabilizing the grid. So if there's if there's
variations in power in the grid, Megapack can absorb if there's a
big power spike and it can absorb and store the power.
And then if there's a drop in power, it can fill in the gap.
So it's a mega pack is excellent for stabilizing grid and
obviously good. It matches very well with wind
and solar. In fact, satellites are just
solar panels and a battery. That's how all satellites work.
And you know, with the Starling satellite network, there's 7000
satellites orbiting the Earth and all they use is is solar
panels and a battery. And my prediction is long term,
a majority of power on Earth. In fact, eventually it might be
like 90% or more of all power on Earth will be solar panels with
batteries. That's my prediction.
My predictions have pretty good track record, so yeah.
And the power walls can also act as kind of a virtual grid.
So if you have thousands of power walls in a neighborhood,
they can actually work, work in concert to stabilize the grid.
The V4 supercharger is pretty cool.
It enables charging at 500 kilowatts and the semi can
charge at 1.2 megawatts. So it's and it's smaller and
lighter. It's a big improvement overall
and we're rolling this out worldwide.
So it will increase charging speeds and yeah, just enable you
to get your car charged really fast.
So, and then with regard to cell manufacturing, we were at this
point we think we're making the, the, the most efficient cell in
the world, meaning like the the lowest cost per kWh cell.
So which is really pretty, pretty good.
Like their entire companies that all they do is make fat lithium
ion battery cells. And for, for us that's one of
many things that we do. So congratulations to the the
cell team on making the best sell.
So that's, that's really big deal.
And then we're we're also investing in the whole battery
supply chain. So we have cathode production,
we have lithium refining and and then more, yeah, hopefully we're
sort of hoping someone else will do the the anode.
We might have to do the anode. I hope someone else does it.
Why do we have to do all these things?
Yeah, a lot of people think like we do this thing, a lot of these
things because we want to. But really it's often just
because we didn't have any choice.
Nobody else was doing it, so we had to do it.
So, so, yeah, a lot of new factory milestones.
So in Berlin we produced 660,000 drive units.
Fremont. We've built our first Optimist
at the Optimist production line in Fremont.
We're preparing for Cyber cap production here at Gig Factory
Austin and Gigafactory Shanghai created its three millionth car.
We've produced 160,000 NAX adapters at Gigafactory New York
and we've got record battery pack production at Gigafactory
Nevada. So Congrats to everyone.
We also just behind us in the on the South side of the building,
we have the Tesla, we're called Cortex one.
It's like basically a giant brain, computer brain that is
used for AI training. So it's, we take the vast
amounts of video that we get from all the cars in the fleet
and we use that to train the artificial intelligence to be
able to drive the car. And, and this is one of the most
powerful training systems in the world with over 50,000 GPUs
active and soon to be 100,000 GPUs, which will make it I think
probably top five in the world in training centers.
We're also making continuing to make progress on our Dojo
training super supercomputer. So we've got to Dojo 1 active
now in Gigafactory New York and in Palo Alto.
And it's, it is actually working.
It's actually taking load on. It's, it's, it's, it's doing a
meaningful percentage. Well, I guess 5% or whatever,
but it's still something five, maybe approaching 10% of the
training load of of the self driving AI is being done by
Dojo. And then we've got Dojo 2 that's
coming down the line. That'll be probably 10 times
better than Dojo 1. And so it's sort of exciting.
We're making good progress with Dojo.
I'm increasingly optimistic about the future of Dojo.
I think it's we got a real shot here at at a breakthrough.
So Congrats to the Dojo team. And the all, all, all Tesla
vehicles have now had what we call autopilot hardware for or
really our AI4 hardware. And it's, it's really, it's very
powerful AI inference computer and, and, but also operates at
very low power. And even to this day, even
though this was a, this has been something we designed several
years ago, there actually isn't anything on the market that we
can buy that is better than AI4. So, and obviously in the future
years, we'll have AI5 and AI6. Sometimes people say, should I
wait? I'm like, well, Roy's going to
have another version, so there's no point in waiting because he's
waiting forever. So but we obviously will have an
AI5 and an AI6 and an AI7 and we'll keep improving the, the AI
compute. So for those out there that are
interested in developing advanced chips, come over to
Tesla and it, it is always, I think profound to, to watch our
cars driving with no one in them.
And we actually have the cars doing useful work for the first
time with no one in them, which I think is, is really it's a
significant milestone. So the cars are driving from end
of line in Fremont to park themselves.
And I think we've just started doing that here in in Austin.
So we'll we'll be yeah, this car, the car literally goes from
Underline in Fremont to to its to its destination parking spot
where it gets picked up by a truck for delivery to a customer
with and a good does that with no one in it.
And it's not doing that all day every day like it, you know,
pretty much like it's just a matter of fact thing.
Yeah. So see, yeah.
And, and obviously for anyone that's using it, you can see the
dramatic improvements in the in the in full self driving where
it's getting to the point where interventions are extremely
rare. And eventually they'll get to
the point where there really is no need to intervene.
Like the car is going to be better than human.
In fact, maybe it's it's it's worth emphasizing that it's not
that. It's not that Tesla full self
driving will be equal to humans in safety.
It will be ultimately 10 times safer than a human because it
never gets tired. It doesn't you know it like
humans get tired and sometimes get wasted, you know, and we'll
have arguments or change the radio or you know, text.
I know no one in this audience would ever text while driving.
That would be crazy. But you know it does happen.
So if so, the reality is that the full self Tesla full self
driving will be vastly safer than humans, not just
equivalent, we actually vastly safer.
And it means you can do whatever you want while driving.
So even if you don't like rent your car out for usage, you can
still it frees up your time. So if let's say you're driving
1012 hours a week or more, it gives you back 11:50 hours of
your life, which is extremely cool.
So well, Optimus sure has come a long way.
So the new Optimus 22° of freedom hand and forearm is now
in production and it's learning to walk and catch balls.
It's pretty cool. I mean, like that's where we
came from. It's wild.
So in a very short period of time, Optimus has gone from
being an idea to the most sophisticated humanoid robot on
Earth. There's nothing, there's nothing
even close to the level of sophistication of, of Optimus.
And and Tesla has some important missing ingredients that that
others don't have, which is our, our robot has a real brain.
It's like Wizard of Oz to man. But was that a harder brain one
of the two? So it's got to, it's got the
it's got the real world AI. So it tells us the leader in
real world AI, what we learned in the car, we translate to the
optimist robot and we also translate take the our expertise
in electric motors, in batteries, power electronics,
structural design. And then another major important
thing is that we're very good at manufacturing.
So in order for robots to be useful that you have to they
have to be intelligent. They have to be able to do
useful things just by asking, and you have to be able to make
a large number of them at an affordable price.
This is what we can do. We have the only company with
all the ingredients for making intelligent humanoid robots at
scale is Tesla. This is a super big deal.
Like my prediction is that on this front is that Optimus will
be the biggest product of all time by far.
Nothing will even be close. It'll be, I think it'll be 10
times bigger than the next biggest product ever made, like
that level. So,
yeah. All right.
So with that, anybody have any questions?
Hey, congratulations. Thank you.
Cool. And we're we're rocket castings.
We do. Yeah.
Well, we do want to make, we want to scale up production to
new heights. Obviously with the with the
cyber cab, yeah, we're we're going to be cyber cab is it's
not just revolutionary car design, it's also a
revolutionary manufacturing process.
So I guess we probably don't talk about that enough.
But if you've seen the design of the cyber cab line, it doesn't
look like a normal car manufacturing line.
It looks like a really high speed consumer electronics line.
It's in fact, the line will move so fast that you that actually
people can't even get close to it.
Like that's, you know, I, I think it's, it'll be able to
produce a car ultimately in less than 5 seconds.
Like can imagine a car coming offline in less than 5 seconds.
That's, that's like, whoa, which which means casting is going to
happen fast. Yeah, yeah.
So we, we got, we got to jam the the liquid metal in, cool it
down real fast, like real fast. And then I guess maybe we need
to like just get even bigger casting machines.
Sure, why not, you know, down yeah, let's 50,000 tons, you
know, because like then we can make with a single casting
machine. We could do like 5 at a time or
something, you know, trying to think like, how do you scale
castings? Because because you got liquid
metal, metals got a cool and you've got to automate, you
know, getting all the bits and pieces off the casting so it's
usable. And that's actually kind of how
they do it in like small volume castings.
They like do have a casting block that'll make like, you
know, 100 matchbox cars at a time.
And we just make that a real big.
Yeah. I mean, we have the cathedral
casting back there. So yeah, let's do that.
I mean, like, let's, let's see what what is the limit of what
is the limit of physics, of how big can a casting machine be?
Let's find out. I'm gay.
I'm down. Let's have some let's have some
fun here. Push the limits of technology.
All right. Hi Elon, I've been with Tesla
for the last eight years. It has been the most
exhilarating 8 years of my career and truly want to thank
you for your leadership. I also have two.
Thank you for your contribution. Thank you.
Thank you for your leadership. I I also have two little girls
who spend their weekends cruising around and they're very
awesome. Cyber truck.
I'd love to know when we can add Optimist to the family.
Oh yeah, it's a good question. So, so this year we we hopefully
will be able to make about 5000 optimist robots.
We're technically we're aiming for enough parts to make 10,000,
maybe 12,000. But since it's a totally new
product with totally new, you know, like everything is totally
new, I'll say like we're succeeding if we get to half of
the 10th, you know, half the 10,000 now.
But but even 5000 robots that that's that's the size of a
Roman legion FY, which is like a little scary thought like a
whole legion of robots. I'd be like, whoa, yeah, but I
think we'll, I think we'll literally build a legion, at
least one legion of robots this year and then probably 10
legions next year. And I know it's kind of a cool
unit, you know, units of legion. So probably 50,000 ish next
year. And then it's probably ready for
to I'm hopefully ready for optimists to be used outside of
Tesla controlled environment or maybe around the middle of next
year, second-half of next year sometime.
So, so that's I think that's sounds about right.
Probably second-half of next year is, is when they'll be
available and then we will offer Optimus robots first to Tesla
employees. So you guys get the priority.
There are some pluses and minuses to that, you know,
because that's probably have a few bugs, but but it's it's
going to be very cool. You definitely you'll want to
invite your friends over and say check this out.
So that's the other questions. Hi, Elon.
Hey, my name's Dom. I've been here for a little over
a year now. I work in people development.
OK, We try to, we make so many amazing things right now.
It's still the people that do it.
Yes. When we think about applying
first principles to the relationships and the teams that
people have, how would you encourage us to think about that
and act on those first principles when it comes to
relationships and teams? Well, I think you know that
there, there were actually quite a few things I've written over
the years that it would be good to compile into like AI don't
know, booklet or something because I actually have to be
reminded of those things myself. And I'm like, oh, I remember
that thing that I thought of after making so many mistakes
and, and trying to make fewer mistakes.
So, you know, there's like, for example, I'd like 5 step process
of like make the requirements last time and then try to delete
the pot and process step only then optimize, only then speed
it up. And only the first thing is
automate. I have to repeat that to myself
many times because I've made the mistake of doing it backwards so
many times. And, you know, I think always
operating on the principle that everyone is wrong to some degree
and we should aspire to be less wrong over time, which will not
always succeed in doing. But if you know, if two days out
of three you're less wrong over time, you're going to be your
batting average is going to be really good.
So nobody ever bats 1000, but you can improve your batting
average. So I think rigorous, you know,
you want to critique yourself, you want to internalize
responsibility. And these are all things I need
to remind myself of. You know, just to be clear, I'm
not like suggesting I internalize responsibility.
You're less wrong. And and we should remember what
we should remember. What is our What is our goal as
a company? Our goal is to make amazing
products that people love. And then to take care of those
products, service. So we should say, what are we
doing to make our products better, to make them more
affordable, to have the customer experience be delightful because
that's actually the purpose of a company.
So as people get, why does a company exist?
A company exists, it's a group of people collected together to
produce a compelling product or service that others find useful
and where the value of the product and service is greater
than the cost of what it took to make that product to service.
So sometimes weirdly, profit is like viewed negatively, but
really profit is, is, is just the, the, the difference in
value between the output and the input.
It's like, what are the cost you to make it and what are the cost
you and what are people prepared to, to pay for it?
That's the value that you created.
So it's, it's tough actually even to maintain like a 10%
profitability, which is to make the make the output 10% more
valuable than the input. It's actually quite hard,
especially in the car industry, which is very competitive.
So we're just not least sight of like, why are we here?
We're here to make useful products that people love, you
know, and, and take care of the cake, take care of over time.
So then how we're doing in that respect and how can we, how can
we do that better? So sure,
what advice would you give? What advice would you give a
young person like getting into the stock market like, oh, huh,
stock advice. Wow.
Yes, Sir, yes, Sir. As, as I, as I think people can
can perhaps tell who are watching this, these, these,
these questions are not prepared in advance.
This is literally random questions from the crowd, which
is cool. I actually, I'm fine with that.
And, and I think the, it's going to sound very, very
straightforward, but you want to really buy stock in companies
where you think the, the products that that company makes
will be better in the future. Like, like are they, is that
company going to make more and better products or like do you
love the products that that company makes and are they going
to keep doing that? And, and like, I think Tesla, as
I've just gone through Tesla's going to is, has made, has a
track record of having made many great products and we're going
to make many more future grade products and we're going to
scale up production. And I think we've demonstrated a
level of innovation that is extremely rare.
I mean certainly by far the most innovative company in the car
industry, like not even close type of thing.
So you know, like I do think Tesla stock actually long, I
think long term with Optimus and self driving, Tesla will
probably be the most valuable company in the world.
But there are also other companies out there that make
great products and services. So I think that's the way you
want to look at it, say, like, do you, do you think this part,
because that's the reason why companies exist, is to make
great products and services. So if you think that the company
is going to improve over time, then buy the stock.
And if you don't, then don't. And then the stock market is, is
it's a very strange thing. It's kind of like, you know, I
think it was Warren Buffett's sort of metaphor analogy is, you
know, stock markets like having someone stand at the edge of
your property or your house and and yell prices about to buy,
buy or sell your house every day.
And like, sometimes they take their meds and sometimes they
don't, you know, So sometimes the person yelling at the price
of your house is having a good day or, and sometimes having a
bad day, but it's still the same house, you know, like, I'm like,
literally still the same house. Like, you know, so Tesla stock
goes up and it goes down, but actually it's still the same
company. It's just people's perception of
the future. I don't know.
I guess it's just very emotional, you know, So, but for
me, like, while it's difficult to predict how things will be
from, you know, in the next day, 6 to 12 months, if you say, like
where will things be in three years or five years?
The future of Tesla is incredibly bright.
Hi. Hi.
Yes, you say will the robot take your job or what?
That's a fair question. So yeah, like is a robot going
to come and steal your job? A reasonable question.
I think what what, what we'll find with the robots is that the
there'll be a ratio of people to robots.
So you you'll effectively end up having managing a group of
robots. So, you know, you'll have like
basically, I don't know, your flock or your little group of
robots that you take care of and and you tell them what to do and
I don't know, you'll have to look pack a robots basically.
Yeah, you're promoted to manager.
One way to think of it. And I think the same thing will
be true of cars. Like, so for the self driving
cars is, is that people that are say, you know, Uber drivers
today or or something like that, or taxi drivers today will end
up managing a fleet of, of cars and and that'll be a much more
effective use of that time, you know, just taking care of like
1020 cars or however many they can take care of.
So yeah. Hello.
My name is Adrian. You said that your companies are
made to make products people love.
Yeah. Have you ever thought of
airplanes or trains? Yeah, I mean, I'd love, I'd
actually love to make airplanes especially, but stretched pretty
thin. So I've like 17 jobs at this
point. I just go to sleep, work, go to
sleep for the work and then do that seven days a week pretty
much. People say like, where do you go
on vacation? I'm like, what's that, You know?
But I guess I like being productive.
I like getting things done. So I guess I could choose to be,
like, on an island somewhere, something in Mai Tai, you know,
with attractive people in bikinis and stuff.
Why wait? Why am I not doing that?
What? What a fool I've been.
So, yeah, I've actually thought about aircraft designs for a
long time. And I think there's an
interesting opportunity to make like an electric supersonic
beetle jet, you know, the vetoes, like cherry on the cake.
But certainly electric, electric long range, fast electric
airplane would be very cool. You know, maybe at some point
we'll do that. Yeah, that'd be kind of fun.
We do have the ingredients for it, so.
And then there is the potential for thinking like pretty far
into the future here of not a not a conventional train, but
that sort of Hyperloop essentially vacuum tunnels, like
tunnels where you draw a vacuum so there's no air resistance and
you have very high speed autonomous electric pods in a
vacuum tube vacuum tunnel. That would allow you to go from
city center to city center much faster than any airplane could
possibly go. Because going into the into the
an underground vacuum tunnel would, it'd be like teleporting
to super high altitude effectively, which no plane
could do. And then it could deliver you
right to the center of a city. And that, I don't know, maybe
that's some future collaboration with Boring Company and Tesla.
I got a million ideas. The ideas are I have more ideas
and I know what to do with. Ideas are kind of the easy part.
Execution is the hard part. As they say, it's 1%
inspiration, 99% for inspiration.
Work in manufacturing engineering since 2018.
I've done a bunch of different things here, kind of like energy
products, Model 3, Model wide cyber.
And now we're looking forward to Optimus, maybe the biggest
product ever. Yeah, it will be.
And I think about the the mission statement of the company
and it's evolved, it used to be a sustainable transportation,
then sustainable energy. Is it going to evolve again?
Are we going to reformulate that officially to kind of explain to
the world better about how Optimus and AI folds into the
rest of the fabric of the company?
Yeah. I mean, I touched on this
briefly earlier, but you're right that I think we do need to
articulate it more prominently and maybe more often because
it's really about sustainable abundance.
You know, can we have a future of abundance for all that is
also sustainable and compatible with with nature?
So we're not destroying nature, but but you also get abundance
for everyone on Earth. Sounds like the best possible
future. That's what we're trying to do,
yeah. Yes, Sir, my name is Aaron
Armstrong. Yes, Sir, my name is Aaron
Armstrong. It's not every day that you get
to be in the presence of somebody that's accumulated so
much wealth and success. So I just wanted to take this
opportunity to ask for any wisdoms or secrets that you may
have to offer about this game of life that we're all trying to
play. Sure.
I mean, I try to tell say everything that I know.
Well, admittedly, sometimes I'm, you know, like I posted on XI
guess should I ask the AI to look through all of my ex posts
and pick out the ones that are really good because I try to say
any, you know, good ideas that I have, I try to post them.
Yeah. I think generally it's good to
always be be curious and to, you know, to read widely.
Like now read read a lot of interesting books, especially
history. I find history really
interesting and I find like biographies and autobiographies
to be also very interesting. You know, it's, I think it's
good to read, especially autobiographies where like, you
know, somebody's done something incredible and they wrote, they
wrote the book themselves or mostly themselves.
That'll give you a lot of ideas. And I mean, something that I do
is I'll get audio books because I got like so much going on in
my mind when I, it's kind of hard to go to sleep because it's
like having a computer browser with like 100 tabs open.
That's, that's the, by the end of the day, I got like 100 tabs
open. So I got to close this browser.
You know, that's my brain. That's my brain.
So then I'll listen to an audio book and I'll put it on a timer
and it's like 15 minutes. It's like being like being read
a bedtime story by your phone. So podcasts and and audio books,
especially during at at bedtime or I find are great or yeah,
sure, Sir, I can't hear you.
Oh, there's a there's a city in South Texas which is * base.
So it's a city for it's in fact cities.
Maybe sound makes it sound bigger than it is, but it is
it's a really a, a small town plus a giant rocket factory
that's star base and it's South Texas and star base Texas right
by the Rio Grande. And you can just literally drive
there because it's on the like a state highway.
So you just drive through and check it out.
So I do own a piece of property that's just across the river.
That's kind of cool. It used to be like a like a
horse place, like where they would give horse riding lessons
stuff. And at some point I think it
would be cool to, I want to do like this gigantic art project
there that's like a looks like an alien planet, like right
across the river. But but like, that people could
visit, you know, So then I might, like, live there
occasionally. But really it's, it's a place to
like, I don't know, to envision sort of an alien planet art
project across the river. They're kind of cool.
Yeah. Yeah.
Do we see foresee Tesla making a product that helps how we spend
money? Well, I think the AI is going to
help us spend money better. It's kind of amazing, you know
what AI can do these days. I don't know if anyone here has
used Grok, but it's pretty cool. Grok voice can be really pretty
great too. I try Grok unhinged.
That's like it's guaranteed to be entertaining at a party.
I have 1000% promise you if you, if you try grok voice unhinged
at a party, this will be a very, it's going to be a big hit.
So, but you can also ask it any questions.
So like if you want to ask questions about like, you know,
life advice or things that or anything like you can really
ask, like you can ask it about cryptocurrency if you want.
You're going to ask it about medical advice, you're going to
ask any. It's actually, it's very good
and it's getting better. So, you know, I think more use
of try using Grok. It's like, it's really pretty
cool. Yeah, sure.
Cool. Yeah.
So we're in phase three of the master plan, since master plan
one and two have been completed. Now Master Plan Part 3 is a very
long master plan because it's basically making all energy on
earth sustainable, and I actually need to supplement it
with the sort of abundance for all.
Maybe that's master plan for I've kind of described master
plan 4 essentially, which is like autonomous cars, autonomous
humanoid robots. They combine that with like
solar and battery storage and I think the future is going to be
incredible. So I'll take a couple more
questions and call it a night. Well, I'll ask if you haven't
asked a question before, you can ask a question, OK.
Oh, well, there are actually some octopus robots being both
in Fremont right now. So we'll sure what that was.
But so we would we expect to have an Optimus production line
here as well. So there'll be Optimus
production starting in in the Bay Area, and then we'll have
the even bigger Optimist production line here in Austin.
Yeah, it's going to be a lot of robots.
I mean, ultimately, I mean, I think I think they'll be, we'll
be making 10s of millions of robots a year type of thing.
It's like serious volume, maybe 100 million robots a year.
It's wild. Yeah.
All right. Well, last question, OK, about
sustainability abundance, yes. Well, yes, I mean, obviously
utopia could be dystopia. So we have to like usually any
story about utopia ends up being dystopia won't avoid that.
But nonetheless, I think if you say what future, what's the
what's the best future you can think of?
I think a future of sustainable abundance plus space travel,
that's pretty great. Yeah.
Oh, we need, we need adversity. Well, I mean, you make good
point. Like we it's like if things are
actually get too easy, maybe we get bored and we're not really.
You kind of want to to some degree, overcome adversity.
You know, it's like if you play a game of some kind, you wanted
the game to be not too easy and not too hard.
And maybe the future will be too easy potentially is what you're
saying. It's a high class problem, you
know. But I think we'll still have
human to human competitions. And if you look at say athletics
or even mind games like chess, although computers can beat any
human at chess, chess is actually at an all time high in
popularity. And although, you know, cars can
go faster than any humans, we still have athletic sports where
humans compete against each other.
So I think we'll still have human versus human
competitiveness. I think long term we'll also
have enhancement of humans or optionally if somebody wants to
enhance like have like cybernetic enhancements, like
with neuro link, you know, if you want to go go cybernetic and
I don't know, maybe have like super intelligence and be able
to see, you know, in different wavelengths.
We we could absolutely provide superhuman abilities via via
neural link in the future. So one thing's for sure, the
future is going to be very interesting.
In fact, I think the most generally, I find that the most
interesting outcome is the most likely.
Or said another way, maybe the most entertaining outcome,
especially if ironic, is the most likely.
It's almost like we're in a alien Netflix series that's
trying to have the highest possible ratings.
And, and like, if you think about it like that's kind of
what happens, you know it, which it doesn't mean it's always
good. Because to your point, if you
wouldn't really want to watch a show where things are great and
stay great, like, oh, that's boring.
You want to watch a show where there's like a narrative arc
where things go up and they go down, they go back up again.
And you know what, you don't exactly what's going to happen
next. And I think we might be in an
alien Netflix series here. So we're just going to keep the
ratings up so we don't get canceled.
All right. Thank you, guys.
Hey, thank you so much for listening today.
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