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Really really interested in this, and
I just have one quick question for you.

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This has been the hell of a
week based on what I've seen on

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X But what was the high point
as far as you're concerned with the with

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with with what happened this week and
whatnot, apart from the fact that you

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know you released it, which which
thing really Yeah, I mean, this

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is our biggest product release in quite
a while, and I mean the sol

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cyber truck is you know, probably
the most revolutionary product. So I've for

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to actually reach production and to deliver
liver the first our production articles to people,

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you know, which means has passed
all of the regulatory tests and and

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it is reliable and something, you
know, something that can be out there

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on the roads. Was was extremely
difficult. I've often said that, you

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know, prod prototypes are easy,
production as hard. With a small team,

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you can make a prototype of almost
anything within maybe six months with one

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hundred people, but to actually create
a production system you need ten sort of

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ten thousand people and two years or
three years. But actually two or three

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years most people can't even do that. So I may not know this,

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but I take Tesla as working at
the speed of thought, not not like

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what everybody else does, you know, committees and whatnot. You guys seem

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to be able to spot something that
should be done, and maybe other people

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have spotted it as well, but
you actually get it done. And that's

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where like self driving. I'm really
I've driven it. I'm very impressed with

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that. I did give one suggestion
now, taking this the first time into

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a great, big, giant parking
garage, that winding dudead. I've asked

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the guys whether or not there's this
is something you can do about putting a

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little like a bar on the bottom
so I can see where the hill my

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wheels are. And they said,
software done, and I think they may

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have implemented it already. And that's
what I mean by speed of thought.

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So I like that kind of stuff. This episode of Monroe Live is brought

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to you by the Three Dimensional Services
Group. Hey, boys and girls,

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I'm here with Dan and we're at
three Dimensional Services Group. And Dan,

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that's pretty impressive. Wanted to give
us a little background on what you guys

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do here. Okay, Well,
the three Dimensional Services Group was founded by

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Douglas Peterson thirty one years ago.
We've grown into the world's largest, most

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capable and most agile prototype and low
volume manufacturer. In essence, we're a

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job shop on steroids. We work
with the world's most in aative companies to

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validate their designs and then we're able
to take our low volume manufacturing processes and

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scale them across a massive amount of
equipment to allow us to support volumes that

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a traditional prototype shop would never be
able to support. We were always working

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with our clients to accelerate their product
development type timelines and enable them to be

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as successful as possible by bringing their
market or their products to market as quickly

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as possible. So you've got some
of the big names here. FUK is

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one of the one of the machines
that most companies aspire to. But you

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said you've got eighteen more coming or
something sixteen coming over the next coming months,

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taking us to eighty eight machines in
total. These are from brands like

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starreg, Bobbyus, Pirmly, Fouk, hos YCM. We've got a variety

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of mills foriety of applications, so
metasamping is the core of our business.

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And this press right here is one
of the larger beds we have. This

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is a fifteen hundred ton press.
It's one of one hundred and twenty seven

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presses that we have company wide.
They've all got a variety of configurations allowing

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us to take on a variety of
jobs. But really this is the core

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of our business. We are vertically
integrated from a tool design perspective, run

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all our own parts and then laser
cut them as well. So this is

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all handled in house, vertically integrated
at a significant scale. So how many

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presses do you m then? One
hundred and twenty seven presses ranging from twenty

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tons to five thousand tons? Five
thousand Really, what are you doing a

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five thousand tons tribular hydroforming? Oh? Hydro form? No? Okay,

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good, Okay. So we're moved
over here and we're now standing in front

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of a Trump seventy seventy forty Trump
laser and we're gonna hear a little bit

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about it. Capability. You've got
five access, Yeah, this is a

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five access laser. We've got twenty
five Trump five access systems company wide.

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This particular version is a six kilowatt
machine. These are the finest five access

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laser cutting machines available on the market. Yeah, so this is really the

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top of the line Trump equipment.
It's software is integrated with our two D

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lasers, allowing for us to cut
blanks and instantly bring them over here and

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bend a perfect part repeatedly. We're
going to be able to produce very very

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precision parts very quickly at a significant
scale with the sort of equipment, and

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we're great or very grateful to our
partners at Trump that have given us this

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equipment to use. Here. Okay, so Dan, I can see that

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we're moving pieces over here, and
we're standing in front of some sort of

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a three access welding system or whatever. It's the cutting system. It's a

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cutting system. Yes, so this
is a Trump True store system. We've

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got a twin tower feeding a butterfly
configuration to fifty forty twelve kill a lot.

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Two D lasers are running off of
this automation system, allowing us to

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keep these lasers running as efficiently as
possible. The speed of these lasers,

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when we get up to the power
that we currently have, absolutely necessitates this

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automation, allowing us to keep the
laser running as often as possible. You

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know, it's funny, well not
really funny, but to me, it's

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very interesting. You have a pre
production facility that I'm sure pretty much everybody

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would die to have. I'm surprised
that you're not. You may be the

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biggest in the world right now,
but I'm surprised you're not twice as big

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because everything you're doing here is things
that OEMs and tier ones should be doing,

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and I've seen I've seen progress slow
right down with other companies with bigger

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OEMs of any type, whether it's
aerospace or appliances, whatever, they always

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slow down because they try and do
it internally. This is the best thing

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as far as I'm concerned, and
looking at what you've got going on here,

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it seems to me that if I
was in that kind of a situation,

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that's what i'd want from you.
So that's my assessment of everything I've

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seen here today. Yeah, we
appreciate that, and we want to work

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with the world's most innovative companies.
We want to work with the companies that

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want to go fast and really change
the world. We are a job shop.

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All of the capabilities that everybody's seen
here are available to anybody that wants.

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It's as simple as just sending us
your data and getting a project started.

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Thanks to the three dimensional services Group
for sponsoring this video. Whether you're

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looking to source metal stamping, precision
CNC machining, laser cutting, welded assembly,

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or plastic injection molding, the Three
Dimensional Services Group should be the source

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to transform your EV aerospace appliance or
technology designs into reality, while also providing

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a bridge to start of production forty
eight bolts. I mean, spend a

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hard time that it's been at twelve
voltes. Yeah, sixty years. So

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I've got a question for you.
How difficult was it to move from twelve

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to forty eight? Because I know
when the s came out, I wasn't

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or the plaid came out, I
wasn't happy. I thought you were going

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to do it on that. I
was looking for that big giant weight reduction

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and cutting all the wire and whatnot. But this one you've got it in.

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So how how difficult was it to
get that to happen? Well,

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it's very difficult to change the bus
voltage from twelve to forty eight because all

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of the peripheral items, everything that
connects to it has to interface with forty

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eight vaults or you've got to step
down to twelve volts. Yeah, so

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you know there are there are hundreds
of things that interface to the low voltage

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bus, and that's everything from you
know, the electronics in the car,

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the window, yeah, the window
motor, the airbags, you know,

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the think the seat adjustment mode.
Everything is set, the headlamps, everything's

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set to twelve vaults. So the
entire supply chain, the entire design infrastructure

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is set for twelve volts. This
is why it's been stuck at this absurdly

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low number for a long time.
And I think, I mean it's people

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that know a little bit about electrical
electrical engineering. You don't even know a

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lot, but just a little bit. We'll understand that you you actually want

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to hire voltage in order to reduce
the resistance losses. So the heating in

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any wire is the current is ice
squared r, you know, so it's

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the square of the current. So
if you're trying to get a particular power

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rating through then as you are as
you as you increase the voltage, you

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can decrease the currents that voltage times
average use, your powers will whold power

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consonant. But the heating is proportionate
to the square of the current. So

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you want to raise the voltage in
order to lower the current, thus lower

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the heating in the wire, and
the net effect being that you can have

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much thinner wires. Then as you
raise the voltage, you can you can

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drop the thickness of the wire,
so you can have much you can use

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much less. In a nutshell,
you can use much less copper, and

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the wire harness weighs much less as
you raised the voltage, but you did

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even more because it went to the
new bus system. And you know,

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in the eighties when I was still
working for Forward, I did everything I

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could to try and get us to
go to the It was a bus system

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that did that failed and we couldn't
get that to happen. And once it

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failed, that's it. We can
never go back again. It's failed.

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It'll never work, it'll never work. But you guys made it work.

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And I heard a couple of different
numbers, but somewhere between in in a

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percentage of waiting was sometimes something around
seventy percent of the communication wire disappeared forty

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eight bold who cares it's gone?
And this is another thing that you know.

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Multiplexing was that's the name that it
used to be called. But anyways,

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multiplexing was really good. But it
was it was too slow, and

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you've got it to work, and
I just maybe you could explain who came

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up with it, When did you
decide that you were going to go in

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that direction? Was it part of
the forty eight bolt discussion? Or how

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did that work? Well, there's
there's actually a couple of things happening.

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So besides forty eight volts, it's
also moving to Ethernet over canvas. So

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Ethernet just allows for a much higher
data rate than the sort of the canvas,

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which is a sort of typical data
bus on a car. The you

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know, one of the effects of
of being able to of having a very

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high bandwidth bus is that you don't
have to have as many points of point

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wires because you're not constrained by the
data rate. So if your data rate

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per wire is low, as it
is typically with canvas, you have to

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have many points point wires, whereas
if you have a very high data rate

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like Ethernet, then you can simply
attached to the bus and not worry about

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any kind of latency or or packet
loss or you know, date data loss

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essentially. So it's so you need
far fewer point point wires. So it's

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both going to four times higher voltage, thus having thinner wires and needing fewer

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wires because we have a much higher
data rate bus. Now, I think,

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frankly, these things are pretty obvious. They're like, it's simply bringing

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cars to the you know, you're
the twenty fourth century, because we've had

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ethanet for a long time. Yeah, there's nothing that's really prevented the car

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industry from moving to a higher bus
voltage and a much a higher data rate

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system than can bus, which is
a very old protocol. And so I

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feel like, actually, what we're
doing is we're kind of doing making the

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obvious moves. They seemed very obvious
to me, like as as opposed to

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like some you know eureka. It's
it's not like is it actually a breakthrough.

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Well, we're just trying to bring
car electronics to you know, the

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year twenty twenty three, right,
similar to what you'd have for you know,

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a laptop or a you know,
any kind of computer. Well,

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without sounding like I'm sucking up,
because hey, almost never do. I

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just think it's because the leadership.
I work with many different car companies,

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some of them some of them small, but to make a decision like that

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usually involves number one a bunch of
nbas and number two lawyers, and as

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soon as that comes into play,
boom. I don't care what what engineer,

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If you haven't got a leader,
that's going to be no, I

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don't care, just do it.
And and that kind of an obvious idea

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to an engineer is totally oblivious to
people who count beans and basically try and

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make you do nothing, nothing new. I mean, I mean, if

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somebody is gonna I believe it's important
to be good at the have some good

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understanding of the field that you are
leading. So if you're leading to stay

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technology company, you want to be
I think good at engineering, or reasonably

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good at engineering. If you're you
know, leading a company which is sort

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of more marketing based than you,
I think being a skilled at marketing is

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is it is fine, but you
know, like you don't want the you

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don't want your product to be something
that you don't understand essentially, so,

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uh, there's a lot of technology
in the car, so I think it's

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important to have an understanding of technology
of engineering in order to make sensible decisions.

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I mean, even for something I
think as tripical as I squared to

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our heating. If you ask,
I think there won't be that many technology

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company CEOs who would know what that
means. I would say zero. I

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think like Jensen want a well,
a few others, you know, maybe,

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but at the end of the day, very very few would know.

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And and if they did know,
it wouldn't make any difference anyway, because

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again they're going to have to bump
in to the same roadblocks over and over

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again, and then there it's the
other roadblock, the roadblock, and you've

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got basically strewed by wire. Wire
is awesome if you actually I don't really

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spend much time on it in the
cyber Truck presentation because it was hard to

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explain why it's going to be great, But you have to if you drive

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the car, it's immediately obvious that's
exactly. So the steer by wire means

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that the the the steering yoke is
not mechanically connected to the wheels. So

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you're now, this is the way
that all modern jet airliners so made.

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Uh yeah, you know, it's
the the sort of steering yoak or stick

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on on a modern airliner is simply
a command to the computer. So for

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the cyber truck, the steering oak
is a command to the computer. So

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that means is we can adjust the
gain, which so uh, I'll try

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to say this in ways that say
an engineering orders would understand, but also

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that maybe a general audience would also
understand. By variable gain, it's kind

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of like turning out the if you're
going to amplify or something, do you

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turn the amplifier to a low setting
or a high setting, And so you

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can increase the amplification of the motion
of your steering yoke according to what speed

209
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you're driving, so that if you're
in a parking lot or like if you're

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low speed driving, then a small
movement of the steering yoke results in a

211
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big movement in the wheels, so
that you can you can do you know,

212
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a U turn with with minimal movement
of the steer of the steering yoke.

213
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But then if you're on a highway
and you're moving very fast, you

214
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want the wheels to only move a
small amount when you move the yolk.

215
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So it's it's it basically moves the
wheels the right amount based on the speed

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that you're going and what your intentions
are. Well, the other good thing

217
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too is this has real, real
steering, so when I first got into

218
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it, it's very I don't know, nerve racking or imposing anyway, first

219
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time you get in this thing.
It's a very expensive truck. I got

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like, I got maybe a couple
of minutes of like rich Otto made all

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this stuff happen. Anyway, he
said, well, this, this,

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this, this, and it's hey, gotta go because the you know,

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he had a lot of stuff to
prepare. So we got out and the

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very first thing I noticed, very
first thing I noticed was I got to

225
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get out of this parking spot and
with real, real steering along with front

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wheel steering as well. It's like
it turned on a dime. This is

227
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not like trying to turn the Queen
Mary around. This is a This is

228
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a really really in a parking lot. This is going to kick everyone's tail.

229
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I mean it turns like a small
car even though it's a car.

230
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Yeah, so that was another thing
that has been talked about for years but

231
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never implemented. This car has got
so many of This truck has got so

232
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many applications that engineers have been talking
about since I don't know, Moses was

233
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a pupp This is this is kind
of like everything that everything that I was

234
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kind of hoping to see. So
I'm I'm very very excited. I also,

235
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you know, I haven't been the
biggest fan of the Model three and

236
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the Model wise backseat. This one
year is a monster. I mean,

237
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this is this is really I'm really
really delighted with that. When I got

238
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in there, I brought it around, showed it everybody. They absolutely loved

239
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that back seat. Yeah, so
it's very roomy inside. I mean you

240
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can five large adults can easily see. Yeah, easily. Yeah. And

241
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I mean, like I said,
I drove it around. Oh, I

242
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love the big So there's there's a
bunch of people at General Motors when we're

243
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trying to help them out, I
said, why we got two win shoe

244
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wipers. Why don't we just put
it yours doesn't have it? But I

245
00:20:00.519 --> 00:20:03.440
wanted a cam action that would catch
both sites. You don't need it.

246
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That windshields so huge, and that
blade is so gigantic. It never like

247
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yeah giants, Yeah yeah it is. And and it works really reasonably well

248
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because I don't know how you arranged
that we were going to drive in the

249
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rain and the fog and the mud, but it worked out quite good because

250
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we've got tons of really good,
really good footage on how that thing works

251
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and whatnot. So I I I
love a lot of it. Your guys

252
00:20:33.480 --> 00:20:37.720
told me all about the uh,
the illumina or sorry, the stainless steel

253
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and it's a three to oo x
x whatever but series custom. Yeah.

254
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But the big thing for me was
when I found out I was pretty sure

255
00:20:45.799 --> 00:20:51.799
it be austinitic because you can't have
rust. But I didn't know that you

256
00:20:51.880 --> 00:20:56.000
take the austinite, work hard in
it and now it's sorry Martin site and

257
00:20:56.160 --> 00:21:02.119
uh. And hence the reason I
couldn't understand the bullets because I've shot through

258
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I do some hunting and I've shot
through stainless steel in the past. Yeah,

259
00:21:07.400 --> 00:21:10.680
but with martin'side just now chance.
So that was that was a big

260
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surprise. I've got a question for
you, though, what was the biggest

261
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hold hold up? I mean everybody's
been, you know, holding their breath

262
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for at least four years, so
what really was the biggest the biggest challenge?

263
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Well, I think people sometimes forget, you know, it's not like

264
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we're going to deliver the car,
and twenty nineteen we announced car twenty nineteen.

265
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I think we sort of expected paths
that we're in production in twenty a

266
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couple of years later and twenty one
or something like that. But you know

267
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that there was a worldwide pandemic.
Then there was a global chip shortage,

268
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and there were shortages of so many
parts. It would be irrelevant for us

269
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to bring to market a car for
what that we simply do not have parts.

270
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To me, Yeah, so that's
a pretty good reason. Yeah,

271
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I would add parts, we would
add complexity, yeah, but we would

272
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not show any incremental units. And
that's that's uh, it would actually make

273
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that make company worse. Yeah,
So at the end of the day,

274
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I wasn't going to try and answer
that question. You know, a lot

275
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of people have been asking, well, first off, we were under an

276
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nd A kind of thing, and
then and then people were asking me the

277
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same question over and over again,
and I'm thinking, you know what,

278
00:22:23.799 --> 00:22:26.400
this would be a good time for
you to shut up, Sandy, and

279
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let's find out for sure. And
that's exactly what I was thinking. Yeah,

280
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it just wasn't there. We couldn't
make them. So now for a

281
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few years there we we we actually
couldn't even make enough of the Model Y

282
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Model three. We were actually production
constrained because of multiple potch storges, so

283
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that the global pandemic shut down massive
sections of the global supply chain. Yeah,

284
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well it was true for everyone.
Nobody. Nobody was immune to that

285
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stuff. So so it was just
if we if we can't even make enough

286
00:22:59.000 --> 00:23:00.559
of the cars that we have designed, what's the point of bringing a new

287
00:23:00.599 --> 00:23:03.839
one to market? Right? So
I've got another question, Then, what

288
00:23:04.079 --> 00:23:11.440
are you looking at? I've been
asked Bloomberg and the I don't know,

289
00:23:11.440 --> 00:23:15.400
a bunch of bunch of these different
news magazines have been asking me, what's

290
00:23:15.440 --> 00:23:18.960
the you know, volume going to
be for this thing, say in twelve

291
00:23:19.000 --> 00:23:26.079
months? What are you looking at? Well, we have your cautious about

292
00:23:26.079 --> 00:23:30.160
four looking statements. As a public, publicly traded company, this is not

293
00:23:30.960 --> 00:23:34.920
and it's also very difficult to forecast
the production ramp in the beginning because the

294
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production rapp is like this very difficult
s curve, which means the production is

295
00:23:40.640 --> 00:23:45.960
very slow in the beginning. You're
constrained by whatever the least lucky, least

296
00:23:45.960 --> 00:23:52.759
competent thing out of ten thousand items
is. So the weak link. Yeah,

297
00:23:52.119 --> 00:23:59.599
there's at least ten thousand unique parts
and processes required to scale production and

298
00:23:59.680 --> 00:24:03.319
whatever the like I said, the
least lucky, dumbest thing in the whole

299
00:24:03.359 --> 00:24:07.759
system. And it could be something
complicated or something trivial that actually sets your

300
00:24:08.079 --> 00:24:14.720
output rate. So it's difficult.
It's very difficult to predict the slope of

301
00:24:14.720 --> 00:24:19.559
that s code. That's why you
know it's and even just a few months

302
00:24:19.559 --> 00:24:26.240
difference one way or the other can
really change the unit volume. But the

303
00:24:26.920 --> 00:24:33.079
cyber truck is not something that will
be material to the to Tesla's financials next

304
00:24:33.119 --> 00:24:38.640
year, meaning it will not you
know, of the vehicles we make,

305
00:24:38.680 --> 00:24:42.920
it will be still such a small
percentage that it will not be material in

306
00:24:44.519 --> 00:24:48.640
twenty twenty four. It will probably
be material in twenty twenty five. Yeah.

307
00:24:48.279 --> 00:24:53.440
Well, I when we went down, they were dry cycling the machines

308
00:24:53.480 --> 00:24:57.839
and went on, and you know, I'm a pretty good guesser, and

309
00:24:59.480 --> 00:25:03.960
it looked like this thing could be
produced at sixty well when every sixty second,

310
00:25:04.079 --> 00:25:07.839
sixty jobs an hour, whatever you
want. It seemed to be somewhere

311
00:25:07.880 --> 00:25:12.839
in there and your other ones.
When I went through year before the model,

312
00:25:12.880 --> 00:25:17.960
why I was doing about forty three
seconds and I got exactly the same

313
00:25:18.039 --> 00:25:22.720
number when I went through. When
I went through, what do you call

314
00:25:22.759 --> 00:25:29.920
it Berlin. So I think at
sixty sixty jobs per hours, kind of

315
00:25:29.960 --> 00:25:33.880
like where everybody else is, nobody's
at forty three nobody, so that you're

316
00:25:34.000 --> 00:25:40.720
unique. That that's that's great for
the for the three and the and the

317
00:25:40.759 --> 00:25:45.400
why. I'm just hoping this thing
will ramp up quickly. I know that

318
00:25:47.000 --> 00:25:51.480
I talked to Oh, we missed
you at the party last night. I'm

319
00:25:51.480 --> 00:25:53.759
sure you had other things on your
mind, but there was a there was

320
00:25:53.799 --> 00:26:00.359
about two thousand people there and or
Becks had this party anyhow, it was

321
00:26:00.440 --> 00:26:03.279
really kind of cool. But if
you could have been there or maybe just

322
00:26:03.359 --> 00:26:07.000
been a fly on the wall to
hear what everyone had to say, I

323
00:26:07.039 --> 00:26:12.079
mean, there was plenty of cheering
and plenty of plenty of people anxiously awaiting

324
00:26:12.759 --> 00:26:18.079
their their delivery on this. So
I think that I think that this is,

325
00:26:18.839 --> 00:26:22.680
without a question of a doubt,
the most brilliant product that I worked

326
00:26:22.680 --> 00:26:26.480
on. We worked on the Mini, but not the original one. So

327
00:26:26.839 --> 00:26:30.200
is Agonus brought that out. That
was a big deal. And then they

328
00:26:30.319 --> 00:26:47.279
and Danger Danger I don't know,
I have no ideas, but anyways,

329
00:26:47.359 --> 00:26:52.200
on this one here, I think
that this is the most iconic vehicle that

330
00:26:52.279 --> 00:26:56.720
we've seen in at least forty years. Thirty or forty years. This is

331
00:26:56.799 --> 00:27:02.680
this is I specifically to make something
that looked like the future. Wow.

332
00:27:02.799 --> 00:27:06.000
So yeah, it's like, I
mean I think that the really really it's

333
00:27:06.000 --> 00:27:10.319
like if what car would blade run
or drive that way? Yeah? Yeah,

334
00:27:10.440 --> 00:27:14.039
so that's that's kind of like what
I was like, I mean,

335
00:27:14.799 --> 00:27:18.839
astal carrier from the future exactly.
And quite frankly, I wanted to do

336
00:27:18.880 --> 00:27:25.559
something like this when I was working
at we were working for uh Land Rover

337
00:27:25.680 --> 00:27:27.599
and they, you know, there
was a thing called Judge Judge dread.

338
00:27:27.759 --> 00:27:32.200
Yeah, judge read reread or drive
this car for sure exactly, and that's

339
00:27:32.200 --> 00:27:34.559
what we wanted to do. I
wanted to buy the frames, ship them

340
00:27:34.559 --> 00:27:38.279
over to the States, and then
I would put a Judge Dread body on

341
00:27:38.319 --> 00:27:41.920
it. They wouldn't go for it, Oh no, no, that'll never

342
00:27:41.000 --> 00:27:45.839
work. This, on the other
hand, is just absolutely phenomenal. When

343
00:27:45.880 --> 00:27:49.559
we were driving, there was fog
and muck and whatnot. The wing mears

344
00:27:49.759 --> 00:27:55.640
were continuously fogging up, but it
didn't matter once I found out that I

345
00:27:55.680 --> 00:27:57.240
could, so I just turned a
turn signal and I could see what was

346
00:27:57.279 --> 00:28:00.480
going on. If I needed to
see something else. Flip on the turn

347
00:28:00.559 --> 00:28:04.839
signal, the camera comes up as
clear as day, perfect, perfect,

348
00:28:06.319 --> 00:28:11.640
And then I find out that you
also can wash the wash the glass like

349
00:28:11.680 --> 00:28:17.359
the lenses off. Brilliant. I
mean, I just don't understand why it

350
00:28:17.440 --> 00:28:21.799
is that no one else has kind
of like jumped into this everybody else at

351
00:28:21.799 --> 00:28:23.319
all? Is the regulation? Well
that means that we we just got to

352
00:28:23.359 --> 00:28:29.240
stop right there, and that's that's
the stupid part. But I got a

353
00:28:29.319 --> 00:28:32.559
chance to see all the stuff.
I mean, I'm really kind of impressed.

354
00:28:32.920 --> 00:28:37.039
From an engineering standpoint, this is
like, this is like nothing,

355
00:28:37.119 --> 00:28:41.519
Nobody's got anything quite like this.
So I'm like, I say, I

356
00:28:41.559 --> 00:28:45.359
know you're pressed for time, but
I have just one other thing I'd like

357
00:28:45.440 --> 00:28:51.480
to talk about a little bit.
So we have this iconic vehicle and it'll

358
00:28:51.519 --> 00:28:55.680
be it'll be great. I'm hoping, hoping I can get a couple of

359
00:28:55.680 --> 00:28:57.680
them, so I know that this
is going to be a great vehicle.

360
00:28:57.720 --> 00:29:03.880
But there's the other guys that are
also dying to get a Tesla, the

361
00:29:03.119 --> 00:29:07.960
twenty five thousand dollars Tesla, and
so I'm wondering, where where is that

362
00:29:08.240 --> 00:29:11.519
exactly where where are you with that. Yeah, Unfortunately, because you're a

363
00:29:11.519 --> 00:29:15.400
publicly traded company, I kind of
comment on things that would have a material

364
00:29:15.440 --> 00:29:19.680
impact on our financials. Okay,
well there you go. Yeah, But

365
00:29:19.759 --> 00:29:23.400
anyways, I'm hoping that that's not
too far down the line. I really

366
00:29:23.559 --> 00:29:29.400
really would like to see something where
we can where like this one here.

367
00:29:30.400 --> 00:29:34.079
I'm told that the one that I'm
looking for, the beast, the tri

368
00:29:34.200 --> 00:29:38.240
motor and everything. Yeah, and
i'd like to get two of those in

369
00:29:40.440 --> 00:29:45.400
that vehicle is like one hundred plus
grant. I think that I think that

370
00:29:45.400 --> 00:29:48.799
that's the right price for this,
but it's not the right price for the

371
00:29:49.599 --> 00:29:55.240
for the kid that wants to take
one to college or whatnot. So that's

372
00:29:55.279 --> 00:30:00.000
why I'm kind of anxious to find
out what it is that can be done

373
00:30:00.079 --> 00:30:04.640
and for those others that want to
get into electrification but can't. So if

374
00:30:04.640 --> 00:30:07.200
we can't do that, then let
me shift gears. And what do you

375
00:30:07.240 --> 00:30:11.000
think about that? You can say
a little bit. I just can't tell

376
00:30:11.039 --> 00:30:15.279
you, you know, unit volume
in dates, because that has a mask

377
00:30:15.839 --> 00:30:21.599
that then that is a that is
projecting the financials. Yeah, so we

378
00:30:21.680 --> 00:30:25.799
obviously are we are working on a
low cost electric vehicle that were made a

379
00:30:25.839 --> 00:30:32.680
very high volume. We're quite far
advanced in that work. The you know,

380
00:30:32.720 --> 00:30:37.160
I review the production line plans for
that every week, and I think

381
00:30:37.240 --> 00:30:45.799
the the the revolution in manufacturing that
will be represented by that car will blow

382
00:30:45.839 --> 00:30:51.720
people's minds. It is not like
any car production line that anyone's ever seen.

383
00:30:52.839 --> 00:31:00.000
It's just going to have the basically
unbossed system or would this be too

384
00:31:00.079 --> 00:31:07.599
much of a question as the thing, the thing that's most interesting about this

385
00:31:07.720 --> 00:31:15.240
is a production system. It's a
level of production technology that is far in

386
00:31:15.319 --> 00:31:22.480
advance of any automotive plant on Earth. I can early wait now, it's

387
00:31:22.480 --> 00:31:26.039
gonna be cool. It's going to
be very yeah, I think, you

388
00:31:26.079 --> 00:31:30.880
know, And I should point out
the uh that that we will be making

389
00:31:30.960 --> 00:31:34.319
that the first production line will be
here in the Giga factory in Texas,

390
00:31:34.720 --> 00:31:38.480
in this facility, that it's going
to be in Mexico or something that will

391
00:31:38.519 --> 00:31:44.839
be the second place. Mhm oh, that's way cool. It would takes

392
00:31:44.839 --> 00:31:48.799
you long to complete the factory in
Mexico. Well, this place here seems

393
00:31:48.839 --> 00:31:52.000
to be growing every time I come
here. It seems to get bigger.

394
00:31:52.599 --> 00:31:59.839
We're adding a significant extension on the
south and adding more buildings on on.

395
00:32:00.079 --> 00:32:01.400
We have two thousand acres, so
this is really just a small part of

396
00:32:01.440 --> 00:32:06.759
the property. Yeah. Well,
also, I kept hearing phase one.

397
00:32:06.880 --> 00:32:09.640
This is phase one. So this
is phase one. I can't imagine what

398
00:32:10.000 --> 00:32:15.160
all the other phases must be.
So yeah, this building is uh is

399
00:32:15.160 --> 00:32:19.000
three times the size of the Pentagon. Yeah, well the Pentagon I got

400
00:32:19.039 --> 00:32:22.880
lost in as well. Yeah,
it's easy to do that, but this,

401
00:32:22.119 --> 00:32:28.079
this building is so unique in that
everybody has ever since alber Khan showed

402
00:32:28.160 --> 00:32:30.359
us, hey, let's have a
flat building and gobble up a whole bunch

403
00:32:30.359 --> 00:32:36.119
of property and then we don't have
to go up and down we building that

404
00:32:36.400 --> 00:32:37.599
we do have flows this building,
and yeah, I know, this has

405
00:32:37.640 --> 00:32:42.559
got plenty of floors, and and
what's nice about it is I start with

406
00:32:42.640 --> 00:32:45.480
the light stuff and I move it
down to the heavy stuff, and then

407
00:32:45.079 --> 00:32:49.400
I've drive it out the door.
This what's that thing right over there?

408
00:32:49.480 --> 00:32:53.839
The seat system, that's a that's
a great example of I mean, people

409
00:32:53.920 --> 00:32:58.920
have talked about doing that. Nobody
had the guts to do that. And

410
00:32:59.480 --> 00:33:01.720
and by the way, I don't
know, I don't know if you know

411
00:33:01.880 --> 00:33:08.880
it, but my my office chair
is a model model wise seat that I

412
00:33:09.039 --> 00:33:14.119
put little rollers on. Well,
I have a bad I have a real

413
00:33:14.160 --> 00:33:16.880
problem with my back. And and
that's the only thing. I mean,

414
00:33:17.000 --> 00:33:21.119
I don't I don't need to have
a chiropractor. I mean I had gone

415
00:33:21.119 --> 00:33:23.039
to the chiropractor in over a year, a year and a half, I

416
00:33:23.079 --> 00:33:28.559
guess now, because that's thet I
have no idea. You know, we've

417
00:33:28.599 --> 00:33:30.039
taken them apart and one not.
But I'm not a seat engineer. That

418
00:33:30.240 --> 00:33:36.000
just seems to be perfect for everybody
that I know of that sits in the

419
00:33:36.039 --> 00:33:40.000
front seats absolutely loves them. So
but having those and popping them in and

420
00:33:40.440 --> 00:33:46.160
I mean all the all the glorious
stuff you did with the with how manufacturing

421
00:33:46.200 --> 00:33:52.799
should be done, it drives me
wild why other people haven't done anything.

422
00:33:52.880 --> 00:34:00.440
But again I I I don't know. I hate to start drooling all over

423
00:34:00.440 --> 00:34:04.640
you, but I think it's just
great leadership. I really, I really

424
00:34:04.720 --> 00:34:09.679
appreciate that. Yeah, I mean
I pushed things very hard on engineering front.

425
00:34:12.039 --> 00:34:16.719
So we would have been more adventurous
actually with you know, with a

426
00:34:16.840 --> 00:34:22.599
Model three or a Model Y,
but we couldn't take a chance on a

427
00:34:22.679 --> 00:34:30.639
on being too radical because if those
were bet the company cars, so you

428
00:34:30.679 --> 00:34:32.159
know, with with the cyber truck, it's no longer a bet the company

429
00:34:32.440 --> 00:34:38.320
situation. So we have the freedom
to be adventurous here. H So let

430
00:34:38.360 --> 00:34:45.960
me ask an adventurous question. Okay, So I made a lot of noise

431
00:34:45.000 --> 00:34:49.199
about what I think the future is
going to look like. And one of

432
00:34:49.239 --> 00:34:52.719
the things that I've said is that
probably the biggest car company on the planet

433
00:34:52.760 --> 00:34:58.280
will be by A d And then
I'm putting Tessela in on second simply because

434
00:34:58.480 --> 00:35:04.920
dyd's got such a head start.
I've heard plenty of people, you know,

435
00:35:05.119 --> 00:35:07.480
criticizing that. But who do you
think is going to be the winners

436
00:35:07.599 --> 00:35:19.039
and losers in the car industry?
Well, I think it's too early to

437
00:35:19.119 --> 00:35:22.199
say for sure, but I mean
the future is definitely electric. So yeah,

438
00:35:22.320 --> 00:35:30.079
companies that are not making a significant
investment in electric electric vehicles are basically

439
00:35:30.159 --> 00:35:32.719
consigning themselves to the fate of the
horse and buggy market. You know in

440
00:35:32.760 --> 00:35:36.800
the nineteen twenties, Yeah, you
know, there are companies that were double

441
00:35:36.880 --> 00:35:46.119
down on the on horse carriages and
actually you know so so you know you

442
00:35:46.159 --> 00:35:50.280
don't want to be the buggy what
manufacturer in the age of water? Yes,

443
00:35:50.760 --> 00:35:57.440
yeah, exactly right, so but
there for me, there's two giants,

444
00:35:58.119 --> 00:36:02.320
three giants that I think are going
to come down real hard and and

445
00:36:02.440 --> 00:36:07.679
one in particular. But I just
decided I don't want to go down that

446
00:36:07.760 --> 00:36:13.760
path. So what I want to
do is basically basically just tell you that

447
00:36:13.880 --> 00:36:19.119
this has really been phenomenal. I
I'm really hoping that somehow I can make

448
00:36:19.199 --> 00:36:23.079
something happen for us to well for
me, first off, to drive something

449
00:36:23.159 --> 00:36:29.440
around and then secondly something that we
can we can tear down and enlighten the

450
00:36:29.480 --> 00:36:31.480
rest of the planet on and by
the way, I forgot, I even

451
00:36:31.559 --> 00:36:36.880
have a gift for you. So
there you go, so the all you

452
00:36:36.920 --> 00:36:39.159
can open it up. It's got
a little flap in the front. Here

453
00:36:39.199 --> 00:36:47.519
you go and there you are.
So so anyways, I gave him owner,

454
00:36:47.880 --> 00:36:52.639
Yes if so, and you can
glue it to the fridge too,

455
00:36:52.800 --> 00:36:57.280
So there you are fridge magnet.
Yeah, yeah, well you're welcome.

456
00:36:57.480 --> 00:37:02.039
I it's not much, but I
I really think that it's the least I

457
00:37:02.079 --> 00:37:06.519
can do for all the stuff that
you've done for Monroe. I mean,

458
00:37:07.079 --> 00:37:12.199
you put us on the map I
had. You know, it's been a

459
00:37:12.400 --> 00:37:15.039
rough first half of this year,
this part of the year seems to be

460
00:37:15.199 --> 00:37:20.360
going a whole lot better, and
I, like, I say, I

461
00:37:20.800 --> 00:37:24.320
want to be cognizant of your time
and consider it. So I'd like to

462
00:37:24.360 --> 00:37:28.039
thank you. By the way,
I've got one other thing. Both of

463
00:37:28.159 --> 00:37:32.679
us are we're aliens, okay,
both of us. You came from Canada

464
00:37:32.719 --> 00:37:37.840
and before that South Africa. I
came from Canada, and I found that

465
00:37:37.960 --> 00:37:43.480
that Americans have kind of lost their
way a little bit thinking about history.

466
00:37:44.360 --> 00:37:52.119
And there's this Guyed Thomas Jefferson,
and Thomas Jefferson used to say. He

467
00:37:52.199 --> 00:37:54.639
used to say, in matters of
fashion, go with the flow. In

468
00:37:54.760 --> 00:38:00.079
matters of principle, stand like a
rock. I'm going to end this with

469
00:38:00.280 --> 00:38:06.039
shaking your hand, thanking you,
thanking you for standing like a rock when

470
00:38:06.079 --> 00:38:10.480
you're sitting on a stage and someone
is trying to humiliate you. I I

471
00:38:10.639 --> 00:38:14.519
told everybody I won't go into this
and I'm not going to get all,

472
00:38:15.039 --> 00:38:19.480
you know, emotional and everything.
But to me, I've watched that one

473
00:38:19.599 --> 00:38:27.719
clip that people have been putting out
to me and putting up against forgotten their

474
00:38:27.800 --> 00:38:30.840
name, Disney or Land or whatever. At the end of the day,

475
00:38:30.159 --> 00:38:35.400
I will never take my grandchildren ever
to that place, ever, And I

476
00:38:35.559 --> 00:38:38.039
think you have to wonder what would
Walt Disney think of the company that is

477
00:38:38.119 --> 00:38:42.920
his namesake. Today, I'm telling
you what I think, Walt Disney turning

478
00:38:42.920 --> 00:38:46.760
in is gveray faster than the growbit. I Well, I'm telling you what

479
00:38:47.000 --> 00:38:52.800
I believe that. I believe that
it won't. It won't take too much

480
00:38:52.880 --> 00:38:55.440
longer before somebody goes, hey,
you know what, this is bullshit.

481
00:38:55.920 --> 00:39:00.559
We we aren't we we we shouldn't
be having to shovel down our throat any

482
00:39:00.639 --> 00:39:04.440
longer, and then there'll be a
big change. But it isn't going to

483
00:39:04.519 --> 00:39:07.760
happen. It isn't going to happen
next week, that's for sure, and

484
00:39:07.880 --> 00:39:10.760
that's unfortunate. But I love the
first step for me. Right now,

485
00:39:13.280 --> 00:39:19.280
I think that people have gone completely
stupid. I think that that I'm not

486
00:39:19.360 --> 00:39:22.840
supposed to talk about this either,
but I think that people have fallen into

487
00:39:22.880 --> 00:39:29.719
that same trap as what Nazi Germany
had, where mass hysteria took over and

488
00:39:30.760 --> 00:39:37.119
created a real giant mess and it
took a World war to quell that.

489
00:39:37.360 --> 00:39:44.360
Those incredibly bad thinking and stuff like
that. So I'm hoping that it won't

490
00:39:44.400 --> 00:39:47.920
take a third World War to make
something like that change the way we're thinking

491
00:39:49.000 --> 00:39:53.320
and whatnot. But I do believe
that somebody, somebody has to start looking

492
00:39:53.360 --> 00:40:00.840
at what's going on in the education
system because listening to people talk just I

493
00:40:01.000 --> 00:40:05.039
have to get up and walk away. It's very difficult for me to hire

494
00:40:05.119 --> 00:40:08.880
people because if I hear that kind
of stuff. You know, we both

495
00:40:09.039 --> 00:40:14.239
chose this country. It wasn't that
we got born here. We came here

496
00:40:14.360 --> 00:40:20.039
because this was this was the land
of opportunity and and for measly, a

497
00:40:20.119 --> 00:40:23.760
country where you know you're you're you
make progress based on on your skill and

498
00:40:24.400 --> 00:40:30.400
your ability to work and how Yeah, if you're able to do you know,

499
00:40:30.519 --> 00:40:37.280
very useful things, then you get
ahead. And uh, I feel

500
00:40:37.320 --> 00:40:42.840
like we're starting to lose that starting. I'd say that we're getting real close

501
00:40:42.880 --> 00:40:47.039
to a watershed. And when that
happens, it's very very difficult to make

502
00:40:49.000 --> 00:40:52.800
to make the water go uphill.
So I'm I'm very, very very nervous.

503
00:40:52.360 --> 00:40:58.239
I I don't know why or how
this has happened. That's not my

504
00:40:58.360 --> 00:41:00.599
area of expertise, but I do
know what I see. I want to

505
00:41:00.639 --> 00:41:05.519
try to figure that out. Like
I think some of these things started probably

506
00:41:05.840 --> 00:41:09.679
earlier than people realize. I'm thinking. I think when they started with the

507
00:41:13.199 --> 00:41:20.320
politically correct philosophy and whatnot, I
think that that tipping that was starting,

508
00:41:20.599 --> 00:41:22.719
that that's kind of like where it
started. And then and now it's gotten

509
00:41:22.800 --> 00:41:29.039
so ridiculous that it even funny.
And I don't know how that's like.

510
00:41:29.440 --> 00:41:30.559
It's like, it's really just another
way of saying, like you have to

511
00:41:30.679 --> 00:41:34.639
lie to fit in exactly, and
then how and then more and more you

512
00:41:34.719 --> 00:41:37.800
have to lie to fit in more
and more light to fit in. And

513
00:41:37.880 --> 00:41:44.360
eventually that that that sort of housive
cards of lives will collapse. It always

514
00:41:44.440 --> 00:41:49.960
does and it always has. But
when it collapses, who gets crushed?

515
00:41:50.960 --> 00:41:54.079
And and is there any recovery from
something like that? How? How?

516
00:41:54.320 --> 00:42:00.280
Uh how how damn dumb can people
be? Well, we've watched it happened

517
00:42:00.280 --> 00:42:05.960
in the past. People who read
history have watched the Roman Empire collapse,

518
00:42:06.159 --> 00:42:09.559
the Greeks, the Egyptians. I
mean, show show me a nation,

519
00:42:10.079 --> 00:42:14.000
show me a civilization, I should
say, and I'll show you, hey,

520
00:42:14.119 --> 00:42:16.639
that collapsed. And why did it
collapse? Well because the people went

521
00:42:16.760 --> 00:42:22.519
stupid or they spent more time watching
watching what's going at this circus as opposed

522
00:42:22.519 --> 00:42:27.440
to watching what was happening in their
backyard. I mean, yes, very

523
00:42:27.480 --> 00:42:34.920
few empires collapsed simply due to external
forces. They first defeated themselves from within

524
00:42:35.159 --> 00:42:38.440
exactly. Yeah. The only way
to lose in the United States would be

525
00:42:38.559 --> 00:42:43.480
if we if we tear it down
from the inside. And it seems to

526
00:42:43.599 --> 00:42:45.639
me anyway that there's a lot of
that stuff going on right now. So

527
00:42:46.000 --> 00:42:52.159
yes, I think, I think, I suspect things will come to a

528
00:42:52.239 --> 00:42:55.480
head and the not too distant future. I hope you're well. I hope

529
00:42:55.480 --> 00:42:59.519
you're right and it moves in the
right direction, but that there's going to

530
00:42:59.519 --> 00:43:02.400
be something else. Yeah, now
that's that's the truth too. Yeah.

531
00:43:02.639 --> 00:43:07.039
So anyway, I know your son
needs to get to bed. Yeah,

532
00:43:07.119 --> 00:43:15.840
and I pee quite frank. We
were at that last night and I'm fading

533
00:43:15.920 --> 00:43:20.639
fast. I had about six cups
of coffee. It was a lot of

534
00:43:20.679 --> 00:43:22.079
fun. But anyways, thank you
so much, thank you. I really

535
00:43:22.119 --> 00:43:27.320
appreciate it. You're welcome. Yeah, and thanks very much everybody for watching,

536
00:43:28.599 --> 00:43:31.840
and Elon for for giving up his
time, and and really I don't

537
00:43:31.880 --> 00:43:35.440
know what time it is, but
if you've got to go back to work

538
00:43:35.519 --> 00:43:37.119
for another two hours, i'd say
you

