WEBVTT 1 00:00:00.080 --> 00:00:01.720 I'm going to say a bunch of things that probably 2 00:00:01.760 --> 00:00:06.160 I shouldn't say, but but that's what keeps it interesting. 3 00:00:07.719 --> 00:00:11.640 Have you watched any other annual shareholder meeting? Honestly, it's 4 00:00:11.679 --> 00:00:13.960 like if you need to go to sleep. Sure, I 5 00:00:14.000 --> 00:00:18.600 mean that other shareholder meetings are like snoozefest, but ours 6 00:00:18.600 --> 00:00:26.079 are bangers. Look, this is sick. Yeah, We're got like 7 00:00:26.199 --> 00:00:30.359 the cyberpunk nightclub here with real robots just standing there 8 00:00:31.239 --> 00:00:36.399 and milling around and dancing and round out our engineering 9 00:00:36.600 --> 00:00:39.159 headquarters in palab Alto. The robots just walking around the 10 00:00:39.200 --> 00:00:42.079 office twenty four to seven with no one minding them. 11 00:00:42.200 --> 00:00:45.799 They just and then they go charge themselves. And Yeah, 12 00:00:45.880 --> 00:00:48.399 the scale of Optimists, I like, I said, that's really 13 00:00:48.439 --> 00:00:50.359 gonna be something else. I think it's gonna be the 14 00:00:50.399 --> 00:01:00.799 biggest product of all time by far. Yeah, so bigger 15 00:01:00.799 --> 00:01:02.439 than cell phones, bigger than anything. 16 00:01:03.119 --> 00:01:04.959 I guess the way to think about it is that. 17 00:01:05.159 --> 00:01:07.719 Every human on earth is gonna want to have their 18 00:01:07.760 --> 00:01:13.519 own personal R two D two C three field, So 19 00:01:13.640 --> 00:01:17.200 who wouldn't. But actually, optimists will be even better than 20 00:01:17.200 --> 00:01:19.959 the like O R two D two would beep at 21 00:01:20.000 --> 00:01:21.879 you and hard to figure out what is good talking 22 00:01:21.879 --> 00:01:25.480 about three field to translate, but Optimist is gonna be. 23 00:01:27.280 --> 00:01:28.480 Like, everyone's gonna want one. 24 00:01:29.079 --> 00:01:33.120 I think in terms of industry providing products and services, 25 00:01:33.799 --> 00:01:36.719 I think it's probably I don't know, three to five 26 00:01:37.280 --> 00:01:40.760 robots in industry for everyone that's a personal robot. I 27 00:01:40.760 --> 00:01:44.200 think there could be tens of billions of Optimist robots 28 00:01:44.200 --> 00:01:47.359 out there now. Obviously it's very important we pay close 29 00:01:47.359 --> 00:01:50.159 attention to safety here because we do want the Star 30 00:01:50.200 --> 00:01:51.799 Wars movie, not. 31 00:01:51.799 --> 00:01:54.799 The Gim Cameron movie. I love Jim Cameron's movies. 32 00:01:54.799 --> 00:01:59.879 But yeah, yeah, So we're gonna launch on the fastest 33 00:02:00.120 --> 00:02:04.359 production ramp of any product, of any large complex manufacturer 34 00:02:04.400 --> 00:02:09.319 product ever and starting with building a million unit production 35 00:02:09.439 --> 00:02:14.879 line in Fremont, and that's Line one, and then a 36 00:02:15.000 --> 00:02:18.199 ten million unit per year production line here on the 37 00:02:26.199 --> 00:02:27.759 I don't know where we're gonna put one hundred million 38 00:02:27.840 --> 00:02:33.479 unit production line, maybe on Mars, I don't know, but 39 00:02:34.000 --> 00:02:36.199 I think it's gonna literally get to one hundred million 40 00:02:36.240 --> 00:02:39.639 a year, maybe even a billion a year. And if 41 00:02:39.639 --> 00:02:42.560 you can get to the five second cycle time. So 42 00:02:50.000 --> 00:02:56.759 it's a lot of cars. So these will be everywhere 43 00:02:56.759 --> 00:03:06.680 in the future. Oh, and wanted, We wanted to look futuristic, 44 00:03:06.759 --> 00:03:08.360 so like it changes the look of the roads. 45 00:03:10.080 --> 00:03:13.199 Now. The Yeah, the ingredients. 46 00:03:13.240 --> 00:03:17.439 When you look at what Optimists is, what's required to 47 00:03:17.439 --> 00:03:20.639 make Optimists and the various ingredients. What do you need 48 00:03:20.680 --> 00:03:24.240 to do to make to do high volume humanoid robot production. 49 00:03:25.199 --> 00:03:26.400 I think it's worth considering that. 50 00:03:26.400 --> 00:03:29.400 Really the cars we make are already robots, but there 51 00:03:29.400 --> 00:03:32.919 are four wheeled robots. So Tesla is already the biggest 52 00:03:33.000 --> 00:03:35.759 robot manufacturer in the world because every car we make 53 00:03:35.960 --> 00:03:37.080 is a robot. 54 00:03:37.400 --> 00:03:39.639 And when you break it down to the fundamental. 55 00:03:39.159 --> 00:03:46.560 Elements, you've got batteries, power electronics, motors, gearboxes, you've got connectivity, 56 00:03:47.240 --> 00:03:52.680 you've got a vision based AI high optimists and all 57 00:03:52.719 --> 00:03:56.000 the various pieces that you need for a humanoid robot. 58 00:03:56.039 --> 00:03:58.599 You need the AI chip, you need the AI software, 59 00:03:59.439 --> 00:04:03.120 you need to build manage a large fleet. And so 60 00:04:03.199 --> 00:04:06.800 really Optimus is a robot with arms and legs as 61 00:04:06.840 --> 00:04:11.800 opposed to a robot with wheels. Telsa's ideally suited I 62 00:04:11.840 --> 00:04:14.840 think to make to succeed in this arena, you will 63 00:04:14.879 --> 00:04:20.560 see certainly many companies showing demonstration robots. There's really three 64 00:04:20.639 --> 00:04:23.560 things that are super difficult about robots. One is the 65 00:04:23.600 --> 00:04:27.000 engineering of the forum in hand, because the human hand 66 00:04:27.040 --> 00:04:31.959 is an incredible thing. Actually, it's super dexterous engineering the 67 00:04:32.000 --> 00:04:38.680 hand really well, the real world AI, and then volume manufacturing. 68 00:04:39.519 --> 00:04:43.040 Those are generally the things that are missing one or 69 00:04:43.079 --> 00:04:45.800 more of those things missing from other companies. So Telsa 70 00:04:45.879 --> 00:04:47.480 is the only one that has all three of those. 71 00:04:48.879 --> 00:04:49.120 Yeah. 72 00:04:49.319 --> 00:05:01.360 Yes, So this is the Optimist kind of initial it's 73 00:05:01.680 --> 00:05:04.240 kind of a prototype production line. 74 00:05:04.480 --> 00:05:06.000 The high volume production line. 75 00:05:05.759 --> 00:05:08.199 Will be very automated, obviously, but this is really the 76 00:05:08.560 --> 00:05:11.839 production line that we use to make the prototypes. So 77 00:05:11.879 --> 00:05:14.680 you can get a sort of rough sense for what 78 00:05:14.720 --> 00:05:16.199 it takes to build the robot. 79 00:05:17.000 --> 00:05:17.959 You got to pull the finger. 80 00:05:32.000 --> 00:05:34.160 And then, as I've said before, I think once we 81 00:05:34.319 --> 00:05:37.680 reach about a million units per year of sustained production, 82 00:05:37.800 --> 00:05:40.720 or in excess of that, I think probably the cost 83 00:05:40.920 --> 00:05:45.839 of production is around twenty thousand dollars in curry your dollars, 84 00:05:46.759 --> 00:05:52.000 so this will be something very affordable. And yeah, like 85 00:05:52.040 --> 00:05:57.120 I said, I think Optimists will ultimately increase the size 86 00:05:57.120 --> 00:05:59.920 of the economy, probably by a factor of ten or 87 00:06:00.160 --> 00:06:03.600 or next year we start production with Optimist version three. 88 00:06:04.120 --> 00:06:06.199 This is what you're seeing here is Optimists version two 89 00:06:06.199 --> 00:06:12.920 point five. Optimist three is an incredibly good design. The 90 00:06:13.360 --> 00:06:24.439 tales the engineering team is amazing. When you see Optimists three, Yeah, 91 00:06:25.519 --> 00:06:28.560 it will seem as though that there's someone like a 92 00:06:28.600 --> 00:06:31.639 person in a robot outfit, which is how we started 93 00:06:31.639 --> 00:06:32.480 with Optimists. 94 00:06:34.279 --> 00:06:35.800 It really is going to be something special. 95 00:06:36.319 --> 00:06:41.600 And then Optimist Optimus four that hopefully starts production in 96 00:06:41.720 --> 00:06:45.040 twenty seven, and then Optimus five and twenty eight, so 97 00:06:45.079 --> 00:06:48.399 it's like an annual release cycle with significant improvements with 98 00:06:48.480 --> 00:06:56.079 each one and gigantic increases in the scale of production. Yeah, 99 00:06:56.639 --> 00:07:00.439 sustainable abundance via AI in robotics, that's the future. Credible 100 00:07:10.720 --> 00:07:14.279 and as I think most people here know, the safety 101 00:07:14.279 --> 00:07:18.720 statistics show that miles driven on FSD are much safer 102 00:07:18.759 --> 00:07:21.959 than miles driven without it. What this will translate to 103 00:07:22.040 --> 00:07:25.360 ultimately is saving the lives of millions of people and 104 00:07:25.439 --> 00:07:27.639 preventing hundreds of millions of accidents. 105 00:07:28.600 --> 00:07:30.600 So a massive. 106 00:07:30.199 --> 00:07:33.879 Increase in lives solved and tragedy is avoided. 107 00:07:34.439 --> 00:07:35.279 It's going to be amazing. 108 00:07:44.680 --> 00:07:48.560 How many people here have tried fourteen point one? Okay, 109 00:07:49.199 --> 00:07:52.720 all right, cool, Yeah, you can see the even with 110 00:07:52.800 --> 00:07:55.399 the point releases, it's getting quite a bit better. Should 111 00:07:55.399 --> 00:07:58.959 be pretty smooth at this point, but really fourteen point 112 00:07:58.959 --> 00:08:02.480 two is there are major changes to fourteen point two 113 00:08:02.480 --> 00:08:05.800 and then fourteen point three, and I think by fourteen 114 00:08:05.839 --> 00:08:08.240 point three is when we'll really be at the point 115 00:08:08.240 --> 00:08:10.720 where you can just pretty much pull asleep and wake 116 00:08:10.759 --> 00:08:14.480 up at your destination. And then I've been putting a 117 00:08:14.519 --> 00:08:18.759 lot of time into the new Tesla chip design because 118 00:08:18.759 --> 00:08:21.560 in order to have a functional robot, you have to 119 00:08:21.600 --> 00:08:24.199 have a great AI chip, and it needs to be 120 00:08:24.279 --> 00:08:27.319 an inexpensive chip, and it needs to be very power efficient. 121 00:08:28.240 --> 00:08:33.000 So we believe the AI five chip will be probably 122 00:08:33.960 --> 00:08:36.399 about a third of the power of say something like 123 00:08:36.440 --> 00:08:38.840 a Blackwell and a video Blackwell, which is a great 124 00:08:38.879 --> 00:08:45.080 chip for roughly a comparable performance and much less than 125 00:08:45.080 --> 00:08:54.960 ten pescent of the cost. So this is a chip 126 00:08:55.000 --> 00:08:58.320 that is very much optimized for the Tesla AI software stack. 127 00:08:59.000 --> 00:09:01.440 So it's not meant to be a general purpose chip. 128 00:09:01.480 --> 00:09:03.960 It's meant to be an amazing chip for the Tesla 129 00:09:04.000 --> 00:09:07.159 AI software And a couple of things that I think 130 00:09:08.840 --> 00:09:11.440 make like how E Tailless are able to achieve such 131 00:09:11.440 --> 00:09:14.600 an improvement. I think it is because because we are specialized, 132 00:09:14.679 --> 00:09:18.720 we're not trying to Nvidia has to serve the superset 133 00:09:18.840 --> 00:09:22.080 of all past and future customers, so all of their requirements, 134 00:09:22.080 --> 00:09:24.440 all of the software that they're written, has to work, 135 00:09:24.519 --> 00:09:27.639 which is a very difficult problem, whereas we just need 136 00:09:27.679 --> 00:09:30.519 to make it work for our software, and so we're 137 00:09:30.559 --> 00:09:34.360 able to simplify the chip dramatically. And then we also think, 138 00:09:34.840 --> 00:09:37.759 I think we're unique in this, but we have an 139 00:09:37.799 --> 00:09:42.799 integer based system, and integer operations are fundamentally more efficient 140 00:09:42.879 --> 00:09:46.879 than floating point operations, so we can do floating point 141 00:09:46.879 --> 00:09:49.399 but we but the vast majority of our inference is 142 00:09:49.440 --> 00:09:54.120 done in integer, which is, if you're familiar with sort 143 00:09:54.120 --> 00:09:58.919 of logic gates like the simplicity of integer, and it's 144 00:09:59.200 --> 00:10:02.000 integer is much more power eficient and much more silicon efficient. 145 00:10:02.399 --> 00:10:04.399 But you have to you actually have to train for 146 00:10:05.120 --> 00:10:09.159 integer inference, which everyone else is training for flooding point. 147 00:10:09.879 --> 00:10:12.919 It's like a niche technical detail, but it's actually very important. 148 00:10:14.240 --> 00:10:15.399 This is going to be a great chip. 149 00:10:16.720 --> 00:10:22.679 So this chip will be made in basically in four places, TISMC, Taiwan, 150 00:10:23.279 --> 00:10:27.000 Samsung Career, TSMC Arizona, and TSOMC Texas. 151 00:10:34.679 --> 00:10:37.679 And we already know what improvements to make for AI six. 152 00:10:38.399 --> 00:10:42.320 So I'm hopeful that we can within less than the 153 00:10:42.360 --> 00:10:45.879 year of AI five starting production, we can actually transition 154 00:10:46.039 --> 00:10:49.200 in the same fab to AI six and double all 155 00:10:49.240 --> 00:10:58.360 of the performance metrics. I'm super hardcore on chips right now, 156 00:10:58.360 --> 00:11:01.399 as you may be able to tell chips on the brain, 157 00:11:02.799 --> 00:11:09.639 I dream about chips literally. I can drow the at 158 00:11:09.679 --> 00:11:11.559 least the broad rush stroke physical design of the A 159 00:11:11.639 --> 00:11:13.840 I five chip by well by heart. 160 00:11:13.840 --> 00:11:17.399 At this point, it's a good chip. It's good chips, sir, 161 00:11:20.200 --> 00:11:22.120 So this is really key. Now. 162 00:11:22.120 --> 00:11:24.600 One of the things I'm trying to figure out is 163 00:11:24.639 --> 00:11:26.960 how do we make enough chips. I have a lot 164 00:11:27.000 --> 00:11:32.879 of respect for our the Tesla partners, TSMC and Samsung. Yeah, 165 00:11:32.960 --> 00:11:36.399 maybe we'll do something with Intel. We haven't signed any deal, 166 00:11:36.440 --> 00:11:40.240 but it's probably worth having discussions with Intel. But even 167 00:11:40.240 --> 00:11:44.000 when we extrapolate the best case scenario for chip production 168 00:11:44.320 --> 00:11:51.039 from our suppliers, it's still not enough. So I think 169 00:11:51.120 --> 00:12:00.960 we may have to do a Tesla Terra fab. It's 170 00:12:01.000 --> 00:12:05.039 like Gigabit way bigger. I can't see any other way 171 00:12:05.120 --> 00:12:07.480 to get to the volume of chips that that we're 172 00:12:07.480 --> 00:12:10.879 looking for, So I think we're probably gonna have to 173 00:12:10.960 --> 00:12:29.279 build a gigantic chip fab Yeah, gotta be done. So anyway, 174 00:12:29.679 --> 00:12:32.519 some of this stuff I've already talked about. Yep, we've 175 00:12:32.679 --> 00:12:35.600 done a tremendous amount for sustainable energy and that is 176 00:12:35.679 --> 00:12:38.159 only going to grow over time. The world is moving 177 00:12:38.159 --> 00:12:44.559 towards a solar battery economy, which is ultimately the that's 178 00:12:44.639 --> 00:12:46.679 it's where, that's where it's going to go anyway. But 179 00:12:46.720 --> 00:12:51.480 what tells us do is accelerate, accelerate that outcome. Sometimes 180 00:12:51.480 --> 00:12:54.879 people don't understand quite how much energy comes from the Sun. 181 00:12:55.720 --> 00:12:57.960 So the Sun is ninety nine point eight percent of 182 00:12:58.000 --> 00:13:01.559 all mass in the solar system being zero point one percent, 183 00:13:01.720 --> 00:13:04.759 and then zero point one percent is miscellaneous, Earth being 184 00:13:04.759 --> 00:13:08.360 in the miscellaneous category. So the total amount of energy. 185 00:13:08.879 --> 00:13:11.919 So some nice people, what say, will build the fusion 186 00:13:11.960 --> 00:13:14.840 reactors on Earth, it's actually the giant fusion reactor in 187 00:13:14.879 --> 00:13:18.039 the sky is basically impossible to beat to such agree 188 00:13:18.080 --> 00:13:20.559 that even if you could burn Jupiter in a thermon 189 00:13:20.639 --> 00:13:23.559 nuclear reactor, the amount of energy produced by the Sun 190 00:13:23.600 --> 00:13:26.600 would still round up to one hundred percent. That's how 191 00:13:26.679 --> 00:13:33.039 much energy the Sun produces. So solar power is necessarily 192 00:13:33.080 --> 00:13:36.200 the future, and I think there's going to be a 193 00:13:36.200 --> 00:13:40.960 lot of solar powered AI satellites, and I think Tells 194 00:13:41.039 --> 00:13:51.799 is going to play a role in that. We've obviously 195 00:13:51.919 --> 00:13:55.120 refreshed the product line so S three x Y. If 196 00:13:55.320 --> 00:13:58.639 if people haven't tried the well S three x or 197 00:13:58.759 --> 00:14:01.480 Y or the Cybertry, I recommend at least getting a 198 00:14:01.519 --> 00:14:03.919 test drive or a test ride as the case may be, 199 00:14:04.039 --> 00:14:06.919 try out the full self driving and I think you'll 200 00:14:06.960 --> 00:14:09.200 be blown away to those who do not. If you 201 00:14:09.240 --> 00:14:10.840 might be listening and don't have a Tesla, you should 202 00:14:10.840 --> 00:14:15.039 try one. And of course we've got the cyber Truck, 203 00:14:15.080 --> 00:14:19.440 which is the toughest truck of all time. It's literally bulletproof, 204 00:14:19.639 --> 00:14:22.519 faster than a Portion nine eleven and can out toe 205 00:14:22.759 --> 00:14:25.159 at Ford F three fifty. 206 00:14:25.240 --> 00:14:27.600 So it's a great car, great truck. 207 00:14:35.639 --> 00:14:39.600 And then starting next year, we manufacture the Tesla Semi. 208 00:14:41.039 --> 00:14:49.120 So this is already we already have a lot of 209 00:14:49.679 --> 00:14:53.559 prototype Tesla Semis in operation. PepsiCo and other companies have 210 00:14:53.559 --> 00:14:55.360 been using the a Tesla Semi for quite some time. 211 00:14:56.120 --> 00:14:59.840 But we will start volume production at our Northern Nevada 212 00:15:00.159 --> 00:15:02.960 factory in twenty twenty six. So we've got two big 213 00:15:03.000 --> 00:15:06.159 products or three three massive products starting production next year, 214 00:15:06.320 --> 00:15:09.720 we've got optimists, we've got Tesla Semi, and we've got 215 00:15:09.759 --> 00:15:10.879 the cybercap. 216 00:15:19.039 --> 00:15:25.960 And then battery packs. So the if you look at total. 217 00:15:26.039 --> 00:15:31.399 US power generation capability, it's roughly a tero WAT, but 218 00:15:31.480 --> 00:15:34.960 the average power usage is less than half a tarrawatt, 219 00:15:35.519 --> 00:15:38.480 and that's because there are big differences in power usage 220 00:15:38.679 --> 00:15:42.799 between day and night. So daily and seasonal variations in 221 00:15:42.840 --> 00:15:46.240 power consumption mean that the United States and really every 222 00:15:46.240 --> 00:15:49.360 country is only using about half It is only producing 223 00:15:49.399 --> 00:15:52.759 about half as much electrical energy as it could because 224 00:15:53.159 --> 00:15:56.159 without batteries, there's no effective way to buffer the energy. 225 00:15:57.159 --> 00:16:00.600 So what batteries actually enable is even if you don't 226 00:16:00.600 --> 00:16:04.159 build any incremental power plants, you could double the energy 227 00:16:04.159 --> 00:16:07.000 output of the United States just with batteries. 228 00:16:08.679 --> 00:16:09.639 This is a super. 229 00:16:09.360 --> 00:16:12.399 Big deal, and in fact, I think that's really where 230 00:16:12.480 --> 00:16:15.200 most of the incremental energy production in the United States 231 00:16:15.240 --> 00:16:16.039 is going to come from. 232 00:16:16.159 --> 00:16:19.440 It's literally batteries, so a. 233 00:16:19.440 --> 00:16:28.720 Bigger deal than it may seem. And then we've got 234 00:16:29.000 --> 00:16:32.360 we keep improving the battery design, so the megablock, which 235 00:16:32.399 --> 00:16:36.519 makes it really easy to deploy battery utility scale batteries. 236 00:16:37.480 --> 00:16:39.039 So we've just simplified and. 237 00:16:38.960 --> 00:16:42.080 Brought more of the components to be internal to the batteries, 238 00:16:42.159 --> 00:16:43.879 so you can just show up and drop off a 239 00:16:43.879 --> 00:16:49.480 battery and it works, and then hopefully without hopefully over 240 00:16:49.519 --> 00:16:51.799 time we will actually add more and more of the 241 00:16:51.840 --> 00:16:54.840 power electronics so that megapac will actually be able to 242 00:16:54.840 --> 00:16:59.320 output up to thirty five killer volts directly, so you 243 00:16:59.480 --> 00:17:00.399 won't need to up station. 244 00:17:00.480 --> 00:17:01.559 That's what I'm saying. You can just. 245 00:17:01.559 --> 00:17:03.759 Literally drop it off, like the way that a power wall. 246 00:17:04.119 --> 00:17:06.559 You just connect it to the house. The utility wires 247 00:17:06.599 --> 00:17:08.640 go on one side and the other side goes to 248 00:17:08.720 --> 00:17:11.759 the house mains and that's it. So we want to 249 00:17:11.759 --> 00:17:14.000 get megapacked to the point where you just literally take 250 00:17:14.200 --> 00:17:16.279 the utility wires and you plug them in and it 251 00:17:16.359 --> 00:17:19.799 just works. Then we've got We've also built the world's 252 00:17:19.839 --> 00:17:22.240 largest supercharger network, so we do a lot of things 253 00:17:22.279 --> 00:17:27.279 here at Tesla. That's the biggest supercharger network in the 254 00:17:27.279 --> 00:17:30.240 world by far, and ultimately you'll be able to go 255 00:17:30.319 --> 00:17:33.960 anywhere on Earth using a Tesla supercharger. And it's pretty 256 00:17:33.960 --> 00:17:36.359 close to anywhere on Earth, but it's it's going to 257 00:17:36.400 --> 00:17:37.680 be ultimately just anywhere. 258 00:17:37.759 --> 00:17:38.759 It'll just work anywhere. 259 00:17:39.079 --> 00:17:41.440 The supercharger team has done great work expanding that and 260 00:17:41.480 --> 00:17:44.960 improving the efficiency of the supercharger network, and in North 261 00:17:44.960 --> 00:17:47.519 America they did such a good job that the other 262 00:17:48.039 --> 00:17:50.279 car companies basically said that they'll just use the Tesla 263 00:17:50.319 --> 00:17:51.279 supercharge network. 264 00:17:51.799 --> 00:17:53.039 Okay, sounds good to us. 265 00:18:01.359 --> 00:18:03.200 It's always important to have it a slant on safety 266 00:18:03.240 --> 00:18:06.319 in the factory, so we continue to improve safety. 267 00:18:05.920 --> 00:18:07.200 For our factory workers. 268 00:18:07.759 --> 00:18:10.519 We care a lot about their well being, and like 269 00:18:10.519 --> 00:18:12.559 one way you can just tell if a company is 270 00:18:12.559 --> 00:18:14.200 a good company or not if you just walk through the. 271 00:18:14.200 --> 00:18:15.640 Factory or walk through the office and. 272 00:18:15.640 --> 00:18:18.640 Catch the vibe, and the vibe in the tails of 273 00:18:18.680 --> 00:18:21.559 factory is good. People are happy, and that's how you 274 00:18:21.599 --> 00:18:30.319 know it's a good company. We've also put a lot 275 00:18:30.319 --> 00:18:35.799 of investment into raw materials. We've built in South Texas 276 00:18:35.799 --> 00:18:40.880 and Corpus Christy the biggest lithium refinery outside of China, 277 00:18:40.880 --> 00:18:42.839 I believe. So it's going to it's starting off up 278 00:18:42.880 --> 00:18:46.640 with fifty gig what hours of lithium and we'll expand 279 00:18:46.640 --> 00:18:49.720 from there. So this is a very important to have 280 00:18:49.960 --> 00:18:52.240 in a worst case scenario, that we have the ingredients 281 00:18:52.240 --> 00:18:56.079 necessary to make a battery very important. And then we've 282 00:18:56.079 --> 00:18:59.759 got here on this site, the Cathode factory, which is 283 00:18:59.839 --> 00:19:03.000 just the sort of giant building about a half mile 284 00:19:03.000 --> 00:19:06.119 that way, and we're just making sure that we promised 285 00:19:06.119 --> 00:19:11.200 supply chain standpoint are resilient against any potential geopltical challenges. 286 00:19:19.400 --> 00:19:21.400 And then also at this factory we also make the 287 00:19:21.480 --> 00:19:24.160 forty six eighty cell, which is getting better and better, 288 00:19:24.720 --> 00:19:28.599 and that forty six eighty cell will be used in 289 00:19:28.640 --> 00:19:31.839 the cybercab cyber It is being used in the cyber truck, 290 00:19:31.880 --> 00:19:35.119 and we'll be used in the cybercab and also an optimus. 291 00:19:35.559 --> 00:19:39.119 So that's going well. But we continue obviously to get 292 00:19:39.240 --> 00:19:41.960 cells from many suppliers. It's kind of like the chip 293 00:19:42.000 --> 00:19:44.279 bad thing. Will take as many chips as our suppliers 294 00:19:44.319 --> 00:19:47.920 can provide us, but then beyond that, if they can 295 00:19:48.039 --> 00:19:50.960 provide us with any incremental cells or chips we have 296 00:19:51.000 --> 00:19:59.079 making ourselves or we get stuck. That's the Tesla semi factory. 297 00:20:00.000 --> 00:20:01.440 It's going to be pretty cool to see these going 298 00:20:01.519 --> 00:20:05.440 down the road and scale. 299 00:20:13.839 --> 00:20:14.079 Yeah. 300 00:20:14.119 --> 00:20:17.079 So that's the basic plan, sustainable abundance for all. 301 00:20:29.839 --> 00:20:30.480 All right, So. 302 00:20:32.000 --> 00:20:39.920 Yeah, I guess we can go into Queen now, maybe 303 00:20:39.960 --> 00:20:42.640 at the next annual shoulder meeting. We'll have optimists takes 304 00:20:42.640 --> 00:20:57.240 some of the questions. That'd be cool. So let's see Alejohn, 305 00:20:57.359 --> 00:20:58.000 thank you for your help. 306 00:20:58.000 --> 00:21:09.599 By the way, Yeah, please go ahead, is it? 307 00:21:09.640 --> 00:21:10.440 No, let me hold it. 308 00:21:10.440 --> 00:21:10.880 It's okay. 309 00:21:12.079 --> 00:21:12.880 What a year has been? 310 00:21:13.039 --> 00:21:13.240 Right? 311 00:21:13.480 --> 00:21:15.759 Just a year ago President Trump got elected on the 312 00:21:15.759 --> 00:21:19.079 same day. These twelve months have been a heck of 313 00:21:19.079 --> 00:21:21.599 twelve months. Thank you to the board because I think 314 00:21:21.640 --> 00:21:26.599 they had to weather quite some storms. Institutional investors, and 315 00:21:26.640 --> 00:21:29.680 obviously thank you to you, and we stand with you. 316 00:21:29.920 --> 00:21:32.440 I think we showed it and we will show. 317 00:21:32.279 --> 00:21:33.240 It at. 318 00:21:41.240 --> 00:21:44.160 So we would like to express a wish please. This 319 00:21:44.319 --> 00:21:46.440 is a nice venue. We love coming to the factory 320 00:21:46.480 --> 00:21:48.240 and I think it's actually great we're doing this at 321 00:21:48.240 --> 00:21:51.960 the factory. But there are thousands of retail investors who 322 00:21:52.000 --> 00:21:55.160 are crying because they cannot they come to me. I 323 00:21:55.200 --> 00:21:58.160 love taking the Mama, but I now give it to you. 324 00:21:58.200 --> 00:22:03.119 Please organize a bigger venue, a bigger than Berkshire, and 325 00:22:03.160 --> 00:22:04.640 we will do better than Berkshire. 326 00:22:04.680 --> 00:22:11.480 Okay, sure we can pay. Yeah, see, Tessa will be 327 00:22:11.680 --> 00:22:14.559 very bigger than Berkshire. Long term, it's gonna be naughty, 328 00:22:15.000 --> 00:22:17.559 all right. We'll do the next one were able in 329 00:22:17.640 --> 00:22:22.160 the yeah, like the yeah, maybe they're downtown arena or 330 00:22:22.240 --> 00:22:24.400 the soccer stadium or something like that, and get your 331 00:22:24.440 --> 00:22:25.319 security check. 332 00:22:25.359 --> 00:22:26.960 We want to make sure that you're safe. 333 00:22:27.119 --> 00:22:28.920 What if I just we. 334 00:22:31.759 --> 00:22:34.119 But we want to party. And if you can bring 335 00:22:34.160 --> 00:22:36.880 the other Elon companies there as well, let's just. 336 00:22:36.799 --> 00:22:37.720 Would really appreciate. 337 00:22:37.799 --> 00:22:38.599 All right, So that's good. 338 00:22:38.599 --> 00:22:39.799 Thank you very much for listening to. 339 00:22:49.799 --> 00:22:50.680 Elon as a father. 340 00:22:50.759 --> 00:22:53.039 I just want to first thank you for the everything 341 00:22:53.039 --> 00:22:55.720 you're doing in the world, especially freedom of speech. 342 00:22:55.799 --> 00:22:56.160 Thank you. 343 00:22:56.680 --> 00:23:03.599 And one question. Will you a Tesla ever consider FSD 344 00:23:03.799 --> 00:23:06.119 tied to an owner's account rather than a vehicle to 345 00:23:06.200 --> 00:23:09.640 encourage more frequent upgrades, provided a transfer is to only 346 00:23:09.680 --> 00:23:13.039 a brain new Tesla vehicle, while flustering brand loyalty. If 347 00:23:13.039 --> 00:23:15.480 the vehicle has sold the trade of about upgrade to 348 00:23:15.559 --> 00:23:17.680 another Tesla f S, the ownership would end. 349 00:23:21.039 --> 00:23:23.519 We have done that a few times. I guess we 350 00:23:23.559 --> 00:23:28.000 could extend it again. All right, we'll extend it. We'll 351 00:23:28.000 --> 00:23:30.400 extend it for at least another quarter and then play 352 00:23:30.400 --> 00:23:31.319 it by a year after that. 353 00:23:32.359 --> 00:23:38.640 All right, howdy Elon, congrats on not having to show 354 00:23:38.680 --> 00:23:39.880 up to work for free anymore. 355 00:23:40.000 --> 00:23:51.119 Yeah, we now have over a forty billion dollar war chest. 356 00:23:51.319 --> 00:23:56.000 We're cash flow positive and remain that. We know how 357 00:23:56.039 --> 00:23:57.400 you feel about FIAT already. 358 00:23:57.559 --> 00:23:59.160 Is it time to take a look at bitcoin? 359 00:23:59.279 --> 00:24:03.119 What's your belief on that? Also, you've hinted towards that 360 00:24:03.279 --> 00:24:06.680 there's a wheelchair accessible model in the works where you're 361 00:24:06.680 --> 00:24:09.680 referring to the Reboven, and if so, can we please 362 00:24:09.720 --> 00:24:12.160 speed up production to help the least fortunate. 363 00:24:13.000 --> 00:24:13.319 Sure? 364 00:24:13.480 --> 00:24:16.920 Yeah, obviously we need a vehicle that's big enough to 365 00:24:16.920 --> 00:24:19.400 fit a wheelchair wheelchair accessible. 366 00:24:19.920 --> 00:24:20.920 So I think that. 367 00:24:21.119 --> 00:24:23.880 That is the Reboven or Robust or whatever we call it. 368 00:24:24.799 --> 00:24:26.559 It's not like we're slowing down because we want to 369 00:24:26.599 --> 00:24:30.039 slow down. It's like we're spending in like gazillion plates here. 370 00:24:30.400 --> 00:24:32.160 But I do think it would be very cool because 371 00:24:32.200 --> 00:24:34.319 I think esthetically as well, it's just it's just would 372 00:24:34.359 --> 00:24:35.880 change the look of the roads and make it feel 373 00:24:35.880 --> 00:24:36.440 like the future. 374 00:24:37.079 --> 00:24:38.319 So it won't be long before we. 375 00:24:38.240 --> 00:24:41.720 Make that, but it's but since we do have optimists, 376 00:24:42.240 --> 00:24:47.279 the we've got cybercaf optimists and semi all next year 377 00:24:47.799 --> 00:24:50.960 it will probably have to be maybe the year that, 378 00:24:51.200 --> 00:24:52.480 you know, a couple of years from now or something 379 00:24:52.480 --> 00:24:55.839 like that. But we certainly will make a wheelchair accessible vehicle. 380 00:24:57.480 --> 00:25:06.799 Thanks Hi, so she I was privileged enough to attend 381 00:25:06.839 --> 00:25:09.759 the investor day, And you've also talked about the factory 382 00:25:09.759 --> 00:25:12.480 being a product, and I saw the dry cathode method 383 00:25:12.519 --> 00:25:15.000 and so forth, and I wanted to know the progress 384 00:25:15.000 --> 00:25:17.920 in that and also would often be working on that 385 00:25:17.960 --> 00:25:20.319 in the future production line in the future. 386 00:25:20.720 --> 00:25:23.640 Yeah, I guess the dry cathode man that's turned out 387 00:25:23.640 --> 00:25:24.799 to be a lot harder than we thought. 388 00:25:25.240 --> 00:25:27.240 It does. Looked like it's going to be successful and it. 389 00:25:27.200 --> 00:25:30.839 Will have some cost advantage relative to wet cathode. But 390 00:25:30.880 --> 00:25:32.559 if had to wind the clock back, I would probably 391 00:25:32.559 --> 00:25:35.079 have gone with wet cathode instead of dry cathode because 392 00:25:35.119 --> 00:25:36.799 it just turned out to be a lot harder to 393 00:25:36.839 --> 00:25:41.799 make it capable of high buluing production with super higher liability. Yeah, 394 00:25:41.960 --> 00:25:44.960 but we will be we will be scaling up battery 395 00:25:45.000 --> 00:25:48.599 cell production at Tesla and looking for cell production from 396 00:25:48.640 --> 00:25:51.720 ou suppliers as well, because we're going to be ramping 397 00:25:51.759 --> 00:25:55.160 up production very dramatically at Tesla now that we believe 398 00:25:55.160 --> 00:25:58.119 we have full self dropping, that we have autonomy solved, 399 00:25:58.400 --> 00:26:00.839 or at least or within a few months of having 400 00:26:00.920 --> 00:26:05.119 it unsupvised autonomy solved at a reliability level significantly better 401 00:26:05.119 --> 00:26:08.160