Speaker 1: Latest interview of Elon Musk. So, one of the things
Speaker 1: that may seem like, how do you how do you
Speaker 1: pull it all together? Is you know, where does AI
Speaker 1: and robots fit in this sort of sustainable energy picture?
Speaker 1: Like is that just like some weird side project or
Speaker 1: or what you know? But it's it's because what we're
Speaker 1: really aiming for here is maybe a better way to
Speaker 1: think about rather than sustainable energy, is sustainable abundance for all.
Speaker 1: So if you think about, like, what is the future
Speaker 1: that would What's what's the most exciting future that you
Speaker 1: could possibly imagine? Like, what does that future look like?
Speaker 1: It's worth thinking about that, just this thing, just just
Speaker 1: just imagine a future. What does that that amazing future
Speaker 1: look like? How about a future where you can have
Speaker 1: any good or service you want at will? A future
Speaker 1: of abundance for all where really anyone can have anything.
Speaker 1: It sounds impossible, It sounds like surely such a thing
Speaker 1: cannot be the case. But what I'm here to tell
Speaker 1: you is that that will indeed be the case. That
Speaker 1: the future we're headed for is one where you can
Speaker 1: literally just have anything you want. Like, if there's a
Speaker 1: good or service you want, you'll be able to have it,
Speaker 1: and ultimately everyone in the world will be able to
Speaker 1: have anything they want. What's key to that is robotics
Speaker 1: and AI. So once you have self driving cars and
Speaker 1: you have autonomous humanoid robots, where everyone can have their
Speaker 1: own personal C three PO and R two D two.
Speaker 1: But even better than that, that's optimus. You can imagine
Speaker 1: like your own personal robot buddy that is a great
Speaker 1: friend but also takes care of your house. Will will
Speaker 1: clean your house, will mow the lawn, will walk the dog,
Speaker 1: We'll teach your kids, will babysit, and and and we'll
Speaker 1: also also enable the production of goods and services, uh,
Speaker 1: basically with no limit. And when you combine that with
Speaker 1: just sustainable energy from the sun and batteries, we can
Speaker 1: also at the same time also maintain a great environment.
Speaker 1: So that's I think, is the future that we that
Speaker 1: we want. A future where nobody's nobody's in need. You
Speaker 1: can have what you want and we still but we
Speaker 1: still have nature. We still have a you know, the
Speaker 1: the beautiful parts of nature that that we like. I
Speaker 1: think that's probably the best future. I can't like, what
Speaker 1: other future would you want? I think that it's like
Speaker 1: the cool future and also space travel. Let's not forget that.
Speaker 1: So if you can have basically anything you want and
Speaker 1: travel to space and go to Mars, and that would
Speaker 1: be it's about as good as it gets, you know.
Speaker 1: It's like, that's it. So that's really what we're what
Speaker 1: we're trying to do is take the set of actions
Speaker 1: most likely to lead to a great future for all.
Speaker 1: So that's what I mean by sustainable abundance, and the
Speaker 1: combination of things that we're making with Optimists and AI
Speaker 1: and AI compute will achieve an age of abundance for all.
Speaker 1: Like actually, so it's gonna be pretty great. And Motel
Speaker 1: I became the best selling vehicle in the world. You know,
Speaker 1: fii we do make the best you know, it's how
Speaker 1: we're doing our popularity. Will we actually literally make the
Speaker 1: best selling car on Earth of any kind. So that's
Speaker 1: it's for two years in a row. So and it's
Speaker 1: going to be the best selling car on Earth again
Speaker 1: this year. So the cyber truck became the best selling
Speaker 1: electric vehicle pickup instantly because it's awesome. And Tesla was
Speaker 1: the best selling electric vehicle in Europe, the fastest growing
Speaker 1: brand in South Korea, and we launched in a lot
Speaker 1: of new markets, including Qatar, Lithuania, Chile, and the Philippines,
Speaker 1: and will be opening in a whole bunch more markets
Speaker 1: as well, so Tesla's will be available worldwide. So overall,
Speaker 1: you know, it's good. If you read the news, it
Speaker 1: feels like, you know, imageddon. So I was like, I
Speaker 1: can't walk past the TV without seeing a Tesla on fire,
Speaker 1: Like what's going on? You know, some people, it's like, listen,
Speaker 1: I understand if you don't want to buy our product,
Speaker 1: but you don't have to burn it down. That's a
Speaker 1: bet unreasonable, you know, like like this is Psycho still
Speaker 1: being Psycho. Okay, so h and we've launched the new
Speaker 1: model y congrats to the team on on Fast so
Speaker 1: you know that that's that's obviously very tough because we've
Speaker 1: got factories all across the world and we've got to
Speaker 1: change over a global supply chain on three three three
Speaker 1: basically three supply chains on three continents. And I think
Speaker 1: it did an amazing job of switching over the world's
Speaker 1: best selling car globally in in a very short period
Speaker 1: of time. Well done, guys, And let's not forget also,
Speaker 1: we're upgraded Model three last year, so our in cars,
Speaker 1: peoples are also buy the Model three. It's a great
Speaker 1: car actually so and the cyber truck is achieved five
Speaker 1: star safety. You know these days, you know, sometimes things
Speaker 1: get a little dangerous. The neighborhood and the cyber truck
Speaker 1: being bulletproof and all can come in handy. So but
Speaker 1: apart from being bulletproof, it's also very safe in a crash.
Speaker 1: We're also building the Tesla Semi factory. This is a
Speaker 1: vehicle that some people said was impossible to build, that
Speaker 1: it defied physics. Well, not only does it not defy physics,
Speaker 1: we're going to be making a lot of them. So
Speaker 1: we're gonna make just a you know, I think ultimately
Speaker 1: will make over a million millions probably of the Tesla Semi.
Speaker 1: And this is really going to be something that you'll
Speaker 1: see all over the place. And it will also be
Speaker 1: autonomous or have the ability to be to go autonomous
Speaker 1: down the road. So really autonomy is a massive, massive thing.
Speaker 1: The future is autonomous. So I always sort of think
Speaker 1: they got like, what will the future look like in
Speaker 1: five years or ten years, twenty years and five years
Speaker 1: from now? Autonomous cars are going to be everywhere primarily
Speaker 1: going to be Tesla's, by the way, but autonomous Tesla's
Speaker 1: will be everywhere, and I think in five years probably
Speaker 1: we'll have the regulatory approval, I think globally, so you'll
Speaker 1: have autonomous Tesla's on every continent, take people on trips,
Speaker 1: and almost the entire fleet, which will pass ten million
Speaker 1: vehicles next year, is capable of full autonomy. So even
Speaker 1: without the cybercab, we still actually have a gigantic fleet
Speaker 1: that is capable of being autonomous. And the thing about
Speaker 1: being an autonomous car is that it can be used
Speaker 1: much more than a car that is not autonomous. A
Speaker 1: typical passenger vehicle car will be used about ten hours
Speaker 1: a week, so we might use it, people might use
Speaker 1: it for an hour and a half a day on
Speaker 1: average for seven days, which is about ten hours a week.
Speaker 1: But there are one hundred and sixty eight hours in
Speaker 1: a week. So if you have a car that's a
Speaker 1: robot car that can drive autonomously, it can now be
Speaker 1: used potentially for eighty maybe one hundred hours in a week.
Speaker 1: So you could have a car that has ten times
Speaker 1: the usefulness of a non autonomous car, but it still
Speaker 1: costs the same. In fact, the fleet's are already built,
Speaker 1: so the software update is just enables that capability. Overnight,
Speaker 1: you have an increase in usefulness of ten million cars
Speaker 1: that suddenly become like fifty million cars or maybe eighty
Speaker 1: or one hundred million cars of usefulness overnight. That that's
Speaker 1: a profound thing. Like nothing like that has ever happened before.
Speaker 1: There is no there is no analogy that there's no
Speaker 1: nothing is There's never been something where a software update
Speaker 1: increase the value of a gigantic asset base by a
Speaker 1: factor of like five hundred to one thousand percent. So
Speaker 1: it's very difficult for like, you know, people in the
Speaker 1: stock market, especially those that look in the rear view mirror,
Speaker 1: which is most people, to imagine a future where suddenly
Speaker 1: a ten million vehicle fleet has five to ten times
Speaker 1: the usefulness. It's it's so profound, and there's there's no
Speaker 1: comparison with anything in the past that they just can't
Speaker 1: It does not compute, but it will compute in the future.
Speaker 1: And some people like Kathy Wood at arcinvest do see
Speaker 1: the future. So what I'm saying is hang on to
Speaker 1: your stock.
Speaker 2: So so.
Speaker 1: Yeah, it's it's really it's mind blowing. Then I want
Speaker 1: to give a shout out to service. Service is a
Speaker 1: tough job, an important job, and it's actually what sells
Speaker 1: cars long term, you know, because the initial car is
Speaker 1: sold with sales, but all future cars are sold with service.
Speaker 1: And I always encourage us seem like, let's try to
Speaker 1: give people a service experience that they love, not merely
Speaker 1: that they like, but that they love. Because people will
Speaker 1: talk about something that they love that was an amazing experience,
Speaker 1: but they don't talk that much about things that they like.
Speaker 1: You have to really do something amazing and then they'll
Speaker 1: they'll they'll talk about it and be like, wow, that's incredible.
Speaker 1: So thank you to the service team for the great
Speaker 1: job you do. And I mean you can see sort
Speaker 1: of I like the sort of light map of superchargers.
Speaker 1: You can see you can go practically anywhere in the US, Mexico, Europe, China,
Speaker 1: most well, I guess not the outback of Australia, but
Speaker 1: you know, most of the places where people live. So
Speaker 1: our supercharge network continues to grow significantly and we keep
Speaker 1: upgrading our superchargeres This is in fact, I still run
Speaker 1: into a lot of people who don't realize that you
Speaker 1: can drive. You take your Tesla on a road trip
Speaker 1: anywhere in America or anywhere in Europe, anywhere, pretty much
Speaker 1: anywhere in China just using the Tesla Supercharge network. And
Speaker 1: it's actually easy and convenient. So people think that they're
Speaker 1: whatever the range of the car is, that's as far
Speaker 1: as they can go. It's like, no, you can just
Speaker 1: stop at a supercharge network the cause battery will last
Speaker 1: longer than your bladder. I'm pretty confident. So that's really
Speaker 1: the threshold. As long as the car battery lasts longer
Speaker 1: than your bladder and just plug it in when you
Speaker 1: go to the restroom and you come back and you know,
Speaker 1: grab a coffee or whatever, and you're back on the
Speaker 1: road and everything's good, then that that's the range that
Speaker 1: matters and the supercharging speed that matters. So yeah, so
Speaker 1: congress to the Supercharged team on expanding that work and
Speaker 1: do great, great work there. And then I mean the
Speaker 1: Megapack and power World team are really knocking it out
Speaker 1: the park. The demand for that for stationary battery storage
Speaker 1: is gigantic, and I think that is actually only going
Speaker 1: to increase dramatically over time. So uh, and that we've
Speaker 1: got the Shanghai megafactory that's got started in record time
Speaker 1: in bevary contract congress to the Shanghai factory team there.
Speaker 1: That's awesome. And the power Wall three is it usually takes.
Speaker 1: It usually takes about three major technology iterations for the
Speaker 1: product to be great. And the power wall three really
Speaker 1: is a fantastic home energy product and it's something that
Speaker 1: if you want to have ensure that your home has
Speaker 1: uninterrupted power during power adage, the power Wall three is
Speaker 1: the way to go. And if you combine that with
Speaker 1: the solar you can basically be off grid, which is
Speaker 1: pretty cool. But I think just having energy insurance, like
Speaker 1: being energy assurance such that if the if the utility
Speaker 1: goes down, you don't even notice like the light sores
Speaker 1: on your house, and your neighbors will come to you
Speaker 1: for help. Basically that's actually what happens when somebody has
Speaker 1: to tells a power wall and there's a power outage.
Speaker 1: So that's a great product. And then yeah, megapack, especially
Speaker 1: at the utility scale, is that the opportunity there is
Speaker 1: gigantic because it enables a utility grid to dramatically increase
Speaker 1: the output of electricity because you can you can generate
Speaker 1: electricity at night and then the megapack can provide that
Speaker 1: electricity during the day because normal electricity demand is very uneven.
Speaker 1: There's a lot of electricity usage during the day but
Speaker 1: limited at night. So megapac actually has the potential to
Speaker 1: increase the output of an existing electricity grid by more
Speaker 1: than double. So you can actually, without building additional power plants,
Speaker 1: double the total output of energy in a year. It's
Speaker 1: quite a profound thing. Yeah, So megapac is also really
Speaker 1: good at stabilizing the grid. So if there's if there's
Speaker 1: variations in power in the grid, the megapac can absorb
Speaker 1: if there's a big power spike, and it can absorb
Speaker 1: and store the power, and then if there's a drop
Speaker 1: in power, it can fill in the gap. So it's
Speaker 1: a megapac is excellent for stabilizing grid and obviously good
Speaker 1: it matches very well with wind and solar. In fact,
Speaker 1: satellites are just solar panels and a battery. That's that's
Speaker 1: how all satellites work. And with the Starling satellite network
Speaker 1: there's seven thousand satellites orbiting the Earth and all they
Speaker 1: uses is solar panels in a battery. And my prediction
Speaker 1: is long term, a majority of power on Earth. In fact,
Speaker 1: eventually it might be like ninety percent or more of
Speaker 1: all power on Earth will be solar panels with batteries.
Speaker 1: That's why brit My predictions have a pretty good track record.
Speaker 1: So yeah, and the power walls can also act as
Speaker 1: kind of a virtual grid, so if you have thousands
Speaker 1: of power walls in a neighborhood, they can actually work
Speaker 1: work in concert to stabilize the grid. The B four
Speaker 1: supercharger is pretty cool. It enables charging at five hundred
Speaker 1: kilo whites and the semi can charge at one point
Speaker 1: two megawhites, so it's and it's smaller and lighter. It's
Speaker 1: a big improvement overall, and we're rolling this out worldwide,
Speaker 1: so it'll increase charging speeds and uh yeah, just enable
Speaker 1: you to get your cart charge really fast. So and
Speaker 1: then with regard to sell manufacturing, we were at this
Speaker 1: point we think we're making the most efficient cell in
Speaker 1: the world, meaning like the lowest cost of kill what
Speaker 1: hour sell so which is really pretty pretty good. Like
Speaker 1: there are entire companies that all they do is make
Speaker 1: lithium battery cells, and for us, that's one of many
Speaker 1: things that we do. So congratulations to the Cell team
Speaker 1: on making the best sell, so that's that's a really
Speaker 1: big deal. And then we're also investing in the whole
Speaker 1: battery supply chain, so we have Catherine production, we have
Speaker 1: lithium refining, and and then more. Yeah, hopefully we're sort
Speaker 1: of hoping someone else will do the uh, the anode.
Speaker 1: We might have to do the anode. I hope someone
Speaker 1: else does it. Why do we have to do all
Speaker 1: these things? A lot of people think like, we do
Speaker 1: this thing a lot of these things because we want to,
Speaker 1: but really it's often just because we didn't have any
Speaker 1: choice and nobody else was doing it, so we had
Speaker 1: to do it. So so yet a lot of new
Speaker 1: factory milestones. So in Berlin we've produced six hundred and
Speaker 1: sixty thousand drive units. Freemont, we've built our first Optimus
Speaker 1: at the Aftermost production line in Fremont. We're preparing for
Speaker 1: cybercap production here at GEG Factory Austin and Gego Factory
Speaker 1: Shanghai created it's three million of the car. We've produce
Speaker 1: one hundred and sixty thousand NAS adapters at gig Factory
Speaker 1: in New York, and we've got record battery pack production
Speaker 1: at Gegar Factory Nevada, so congrats to everyone. We're also
Speaker 1: just behind us on the south side of the building,
Speaker 1: we have the Teslak. We're called Cortex one. It's like
Speaker 1: basically a giant brain computer brain that is used for
Speaker 1: AI training. So we take the vast amounts of video
Speaker 1: that we get from all the cars in the fleet
Speaker 1: and we use that to train the artificial intelligence to
Speaker 1: be able to drive the car. And this is one
Speaker 1: of the most powerful training systems in the world with
Speaker 1: over fifty thousand GPUs active and soon to be one
Speaker 1: hundred thousand GPUs, which will make it i think, probably
Speaker 1: top five in the world in training centers. We're also
Speaker 1: making continuing to make progress on our Dojo training supercomputer.
Speaker 1: So we've got Dojo one active now in Geg Coropatory
Speaker 1: in New York and in Palo Alto, and it is
Speaker 1: actively working. It's actually taking load on its it's it's
Speaker 1: doing a meaningful percentage well I guess five percent or whatever,
Speaker 1: but it's still something five maybe approaching ten percent of
Speaker 1: the training load of the self driving AI is being
Speaker 1: done by Dojo. And then we've got Dojo two that's
Speaker 1: coming down the line that'll be probably ten times better
Speaker 1: than Dojo one, and so it's sort of exciting. We're
Speaker 1: making good progress with Dojo. I'm increasingly optimistic about the
Speaker 1: future of Dojo. I think it's we've got a real
Speaker 1: shot here at a breakthrough. So the grass to the
Speaker 1: Dojo team and the all tails and vehicles have now
Speaker 1: had what we call AA a pilot hardware for or
Speaker 1: really our AI four hardware, and it's it's really it's
Speaker 1: very powerful AI Infurn's computer, and but also it operates
Speaker 1: a very low power and even to this day, even
Speaker 1: though this was a this has been something we're designed
Speaker 1: several years ago. There actually isn't anything on the market
Speaker 1: that we can buy that is better than AI four.
Speaker 1: So and obviously in the future years we'll have a
Speaker 1: F five and AI six. Sometimes people say should I wait,
Speaker 1: I'm like, well, we're always gonna have another version, so
Speaker 1: there's no point in waiting because we're just waiting forever.
Speaker 1: So but we obviously will have an AI five and
Speaker 1: an AI six or an AI seven, and we'll keep
Speaker 1: improving the AI compute. So for those out there that
Speaker 1: are interested in developing advanced chips, kmok atezla and it
Speaker 1: is always I think profound to watch our cars driving
Speaker 1: with no one in them. And we actually have the
Speaker 1: cars doing useful work for the first time with no
Speaker 1: one in them, which I think is is really it's
Speaker 1: a significant milestone. So the cars are driving from end
Speaker 1: of line in Fremont to park themselves, and I think
Speaker 1: we've just started doing that here in Austin, so we'll
Speaker 1: be uh yeah, car. The car literally goes from end
Speaker 1: of line in Fremont to to its to its destination
Speaker 1: parking spot where it gets picked up by a truck
Speaker 1: for delivery to a customer. And good does that with
Speaker 1: no one in it. And it's not doing that all
Speaker 1: day every day like it, you know, pretty much like
Speaker 1: it's just a matter of fact thing. Yeah, so let's
Speaker 1: see uh yeah. And obviously for anyone that's using it,
Speaker 1: you can see the dramatic improvements in the in the
Speaker 1: in full self driving, where it's getting to the point
Speaker 1: where interventions are extremely rare, and eventually I get to
Speaker 1: the point where there really is no need to end
Speaker 1: up like the car. It's going to be better than human.
Speaker 1: In fact, maybe it's it's worth emphasizing that it's not
Speaker 1: that it's not that tells the full self driving will
Speaker 1: be equal to humans in safety. It will be ultimately
Speaker 1: ten times safer than a human because it never gets tired.
Speaker 1: It doesn't, you know, like humans get tired and don'times
Speaker 1: get wasted, you know, and we'll have arguments or change
Speaker 1: the radio or you know, text. I don't know one
Speaker 1: in this audience would ever text while driving. That'd be crazy,
Speaker 1: but you know, it does happen. So so the reality
Speaker 1: is that the pulls off test a pull self driving
Speaker 1: will be vastly safer than humans, not just equivalent, to
Speaker 1: be actually vastly safer. And it means you can do
Speaker 1: whatever you want while driving. So even if you don't
Speaker 1: like rent your car out for usage, you can still
Speaker 1: it frees up your time. So if let's say you're
Speaker 1: driving ten to twelve hours a week or more, it
Speaker 1: gives you back ten to twelve hours of your life,
Speaker 1: which is extremely cool. So well, Optimist Sure has come
Speaker 1: a long way so that the new Optimus twenty two
Speaker 1: Degree of Freedom hand and Forum is now in production
Speaker 1: and it's learning to walk and catch balls. It's pretty cool.
Speaker 1: I mean, look at that's where we came from. It's wild.
Speaker 1: So in a very short period of time, Optimis has
Speaker 1: gone from being an idea to the most sophisticated humanoid
Speaker 1: robot on Earth. There's nothing, there's nothing even close to
Speaker 1: the level of sophistication of Optimus, and and Tesla has
Speaker 1: some important missing ingredients that others don't have, which is
Speaker 1: our robot has a real brain. It's like the Wizard
Speaker 1: of Oz ten men. It was at a herder of brain,
Speaker 1: one of the two. So it's got it's got the
Speaker 1: it's got the real world AI, so it tells is
Speaker 1: the leader in real world AI. What we learned in
Speaker 1: the car we translate to to the Optimus robot, and
Speaker 1: we also trans take the our expertise in electric motors,
Speaker 1: in batteries, par electronics, structural design. And then another major
Speaker 1: important thing is that we're very good at manufacturing. So
Speaker 1: in order for robots to be useful, that you have
Speaker 1: to they have to be they have to be intelligent.
Speaker 1: We have to be able to do useful things just
Speaker 1: by asking, and you have to be able to make
Speaker 1: a large number of them at an affordable price. This
Speaker 1: is what we can do. We have the only the
Speaker 1: company with all the ingredients for making intelligent humanoid robots
Speaker 1: at scale is Tesla. This is a super big deal. Like,
Speaker 1: my prediction is that on this front is that Optimus
Speaker 1: will be the biggest product of old time by far.
Speaker 1: Nothing will even be close. It'll be I think it'll
Speaker 1: be ten times bigger than the next biggest product ever
Speaker 1: made like that level.
Speaker 3: So yeah, all.
Speaker 1: Right, So with that, anybody have any questions? Yeah, congratulations,
Speaker 1: thank you. Shopping cool and we're rocket castings. We do yeah,
Speaker 1: well we do want to make we want to scale
Speaker 1: up production to new heights. Obviously with the with the cybercab,
Speaker 1: you know, we're going to be a cybercab. Is is
Speaker 1: not just revolutionary car design, it's also a revolutionary manufacturing process.
Speaker 1: So I guess we probably don't talk about that enough.
Speaker 1: But if you've seen the design of the Cybercab line,
Speaker 1: it doesn't look like a normal car manufacturing line. It
Speaker 1: looks like a really high speed consumer electronics line. It's uh.
Speaker 1: In fact, the line will move so fast that that
Speaker 1: actually people can't even get close to it. Like that's
Speaker 1: you know, I think it's it'll be able to produce
Speaker 1: a car ultimately in less than five seconds, Like can
Speaker 1: you imagine a car coming off line in less than
Speaker 1: five seconds. That's that's like whoa, which which means casting
Speaker 1: has got to happen fast. Yeah. Yeah, so we got
Speaker 1: we got to jam the liquid metal in, cool it
Speaker 1: down real fast, like real fast, and then I guess
Speaker 1: maybe we need to like just get even bigger casting machines. Sure,
Speaker 1: why not? You know, down, Yeah, let's fifty thousand tons,
Speaker 1: you know, because like then we can make with in
Speaker 1: a single casting machine, we could do like five at
Speaker 1: a time or something, you know. Trying to think like
Speaker 1: how do you scale castings, because because you've got liquid metal,
Speaker 1: metal's got a cool and then you've got to automate,
Speaker 1: you know, getting all the bits and pieces off the
Speaker 1: casting so it's usable. And that's actually kind of how
Speaker 1: they do it. In like small volume castings. They'll like
Speaker 1: do have a casting block that'll make like, you know,
Speaker 1: one hundred matchbox cars at a time, and we just
Speaker 1: make that real big. Yeah, I mean we have the
Speaker 1: cathedral of casting back there. So yeah, let's do that.
Speaker 1: I mean, like, let's let's see what what is the
Speaker 1: limit of what is the limit of physics of how
Speaker 1: big can a casting machine be? Let's find out. I'm gay,
Speaker 1: I'm down. Let's have some let's have some fun here,
Speaker 1: push the limits of technology.
Speaker 4: All right, Hi Elan, I've been with Tesla for the
Speaker 4: last eight years. It has been the most exhilarating eight
Speaker 4: years of my career. And truly, when I thank you
Speaker 4: for your leadership, I also have.
Speaker 1: Two thank you for your contrifusion. Thank you, thank you
Speaker 1: for your leadership.
Speaker 4: I also have two little girls who spend their weekends
Speaker 4: cruising around and they're very awesome cybertruck I'd love to
Speaker 4: know when we can add Optimists to the family.
Speaker 1: Oh yeah, it's a good question. So so this year,
Speaker 1: we hopefully we'll be able to make about five thousand
Speaker 1: Optimus robots. We're technically we're aiming for enough parts to
Speaker 1: make ten thousand, maybe twelve thousand. But since it's a
Speaker 1: totally new product with totally new you know, like everything
Speaker 1: is totally new, I'll say like, we're succeeding if we
Speaker 1: get to half of the tenth you know, half the
Speaker 1: ten thousand now, but even five thousand robots, that's the
Speaker 1: size of a Roman legion IFI, which is like a
Speaker 1: little scary thought, like a whole legion of robots. I'd
Speaker 1: be like, WHOA, Okay, but I think I think we'll
Speaker 1: literally both a legion at least one legion of robots
Speaker 1: this year and then probably ten legions next year. And
Speaker 1: it's kind of a cool unit you know, units of legion,
Speaker 1: So probably fifty thousand ish next year, and then it's
Speaker 1: probably ready too. I'm hopefully ready for Optimists to be
Speaker 1: used outside of Tesla controlled environment, maybe around the middle
Speaker 1: of next year, second half of next year sometime, so,
Speaker 1: so that's I think that's what sounds about right. Probably
Speaker 1: second half of next year is when they will be available,
Speaker 1: and then we will offer Optimist robots first to Tesla employees. Uh,
Speaker 1: so you guys get their priority. There are some pluses
Speaker 1: and minuses to that, you know, because it's uh, probably
Speaker 1: have a few bugs, but but it's it's gonna be
Speaker 1: very cool. You definitely you'll want to invite your friends
Speaker 1: over and say, check us out. So that's the other questions.
Speaker 1: How are you long?
Speaker 5: Hey, my name is Dom I've been here for a
Speaker 5: little over a year now. I work people development.
Speaker 1: Okay, we try to.
Speaker 5: We make so many amazing things right now, it's still
Speaker 5: the people that do it. Yes, when we think about
Speaker 5: applying first principles to the relationships and the teams that
Speaker 5: people have. How would you encourage us to think about
Speaker 5: that and act on those first principles when it comes
Speaker 5: to relationships and teams.
Speaker 1: Hmmm, well, I think you know, there were actually quite
Speaker 1: a few things I've written over the years that it
Speaker 1: would be good to compile into like a I don't know,
Speaker 1: a booklet or something, because I actually have to be
Speaker 1: reminded of those things myself and I'm like, oh, I
Speaker 1: remember that thing that I thought of after making so
Speaker 1: many mistakes, and I'm trying to make fewer mistakes. So
Speaker 1: you know, there's like, for example, that like a five
Speaker 1: step process of like make the requirements less dumb and
Speaker 1: then try to delete the parton process step only, then
Speaker 1: optimize only, then speed it up, and only the fifth
Speaker 1: thing is automate. I have to repeat that to myself
Speaker 1: many times because I've made the mistake of doing it
Speaker 1: backwards so many times. And you know, I think always
Speaker 1: operating on the principle that everyone is wrong to some
Speaker 1: degree and we should aspire to be less wrong over time,
Speaker 1: which will not always succeed in doing. But if you know,
Speaker 1: if two days out of three you're less wrong over time,
Speaker 1: you're going to be your batting average is going to
Speaker 1: be really good. So nobody ever bats a thousand, but
Speaker 1: you can improve your batting average. So I think rigorous.
Speaker 1: You know, you want to critique yourself, you want to
Speaker 1: internalize responsibility, and these are all things I need to
Speaker 1: remind myself of. You know, Just to be clear, I'm
Speaker 1: not like suggesting I internalized responsibility. Feel us wrong? And
Speaker 1: we should remember what we should remember what is our
Speaker 1: What is our goal as a company. Our goal is
Speaker 1: to make amazing products that people love, and then to
Speaker 1: take care of those products and service. So we shud say,
Speaker 1: what are we doing to make our products better, to
Speaker 1: make them more affordable, to have the customer experience be delightful,
Speaker 1: because that's actually the purpose of a company. Sometimes people
Speaker 1: get wide as a company exist. A company exists. It's
Speaker 1: a group of people collected together to produce a compelling
Speaker 1: product and service that others find useful and where the
Speaker 1: value of the product and service is greater than the
Speaker 1: cost of what it took to make that product or service.
Speaker 1: So sometimes weirdly, profit is like viewed negatively, but really
Speaker 1: profit is just the difference in value between the output
Speaker 1: and the input. It's like what did a cost should
Speaker 1: to make it? And what did it cost should? And
Speaker 1: what are people prepared to pay for it? That's the
Speaker 1: value that you've created. So it's it's tough actually even
Speaker 1: to maintain like a ten percent of profitability, which is
Speaker 1: to make make the output ten percent more valuable than
Speaker 1: the input. That's actually quite hard, especially in the car industry,
Speaker 1: which is very competitive. So we're just not lose sight
Speaker 1: of like why are we here. We're here to make
Speaker 1: useful products that people love, you know, and and take
Speaker 1: care of that, take care of the over time. So
Speaker 1: then how we're doing in that respect and how can
Speaker 1: we how can we do that better?
Speaker 6: So sure, give what advice would you give a young
Speaker 6: person like get into the stock market?
Speaker 1: Like oh stock advice? Wow?
Speaker 6: Sorry, yes, sir as.
Speaker 1: As I as I think people can can perhaps tell
Speaker 1: watching this these these these questions are not prepared in advance.
Speaker 1: This is literally random questions from the crowd, which is cool.
Speaker 1: Actually I'm fine with that, and and I think that
Speaker 1: it's going to sound very very straightforward, but you want
Speaker 1: to really buy stocking companies where you think the products
Speaker 1: that that company makes will be better in the future,
Speaker 1: like like are they is that company going to make
Speaker 1: more and better products or like do you love the
Speaker 1: products that company makes? And are they going to keep
Speaker 1: doing that? And and like I think tells it as
Speaker 1: I've just gone through, Telsa is gonna has made has
Speaker 1: a track record of having made many great products, and
Speaker 1: we're going to make many more future great products, and
Speaker 1: we're going to scale up production. And I think we've
Speaker 1: demonstrated a level of innovation that is extremely rare. I mean,
Speaker 1: certainly by far the most innovative company in the car industry,
Speaker 1: like not even close type of thing. So, you know,
Speaker 1: I do think Tesla stock actually long I think long term,
Speaker 1: with optimists and self driving, Tesla will probably be the
Speaker 1: most valuable company in the world. But there are also
Speaker 1: other companies out there that make great products and services.
Speaker 1: So I think that's the way you want to look
Speaker 1: at it, to say, like do you do you think
Speaker 1: this product because that's the reason why companies exist is
Speaker 1: to make great products and services. So if you think
Speaker 1: that a company is going to improve over time, then
Speaker 1: buy the stock. And if you don't, then don't, And
Speaker 1: then the stock market is it's a very strange thing.
Speaker 1: It's kind of like, you know, I think it's Warren
Speaker 1: Buffett's sort of metaphor analogy is, you know, stock markets
Speaker 1: like having someone stand at the edge of your property
Speaker 1: or your house and yell prices about to buy, buy
Speaker 1: or sell your house every day, and like sometimes they
Speaker 1: take their mends and sometimes they don't, you know. So
Speaker 1: sometimes the person yelling out the price of your house
Speaker 1: is having a good day or anytimes and having a
Speaker 1: bad day. But it's still the same house. You're like,
Speaker 1: I'm like, literally still the same house. Like you know,
Speaker 1: so Tesla stock goes up and it goes down, but
Speaker 1: actually it's still the same company. It's just people's perception
Speaker 1: of the future. I don't know. I guess it's just
Speaker 1: very emotional, you know. So, But for me, like, while
Speaker 1: it's difficult to predict how things will be from you know,
Speaker 1: in the next day six to twelve months, if you say,
Speaker 1: like where will things be in three years or five years,
Speaker 1: the future of Tesla is incredibly bright.
Speaker 7: Hi.
Speaker 1: Hi, Yes, you say, will the robot take your job
Speaker 1: or what? That's a fair question? Well so, yeah, like,
Speaker 1: is a robot gonna come and steal your job? A
Speaker 1: reasonable question? I think, what what what we'll find with
Speaker 1: the robots.
Speaker 8: Is that there will be a ratio of people to robots,
Speaker 8: so you'll effectively end up having managing a group of robots.
Speaker 1: So you know, you'll have like basically, I don't know,
Speaker 1: your flock or your little group of robots that you
Speaker 1: take care of and and you tell them what to do,
Speaker 1: and I don't know, you'll have a pack of robots. Basically, Yeah,
Speaker 1: you're promoted to manager. One way to think of it.
Speaker 1: I think the same thing will be true of cars. Like,
Speaker 1: so for the self driving cars, is that people that
Speaker 1: I say, you know uber drivers today or something like that,
Speaker 1: or taxi drivers today will end up managing a fleet
Speaker 1: of cars and that'll be a much more effective use
Speaker 1: of that time, you know, just taking care of like
Speaker 1: ten twenty cars or have a many that can take
Speaker 1: care of.
Speaker 9: So yeah, how my name is Adrian. You said that
Speaker 9: your companies are made to make products people love. Yeah,
Speaker 9: have you ever thought of airplanes or trains?
Speaker 3: Yeah?
Speaker 1: I mean i'd I'd actually love to make airplanes, especially
Speaker 1: but stretched pretty thin. So I've like seventeen jobs at
Speaker 1: this point. I just go to sleep, work, go to
Speaker 1: sleep the work, and then do that seven days a week.
Speaker 1: Pretty much. People say, like, where do you go on vacation?
Speaker 1: I'm like, what's that? You know? But I guess I
Speaker 1: like being productive. I like getting things done, So I
Speaker 1: guess I could choose to be like on an island
Speaker 1: somewhere something a my tie, you know, with attractive people
Speaker 1: in bikinis and stuff. Why wait, why am I not
Speaker 1: doing that? What? What a fool I've been? So. Yeah,
Speaker 1: I've actually thought about aircraft designs for a long time,
Speaker 1: and I think there's an interesting opportunity to make like
Speaker 1: an electric supersonic be told jet. You know, the details
Speaker 1: like cherry on the cake, but certainly electric electric, long range,
Speaker 1: fast electric airplane would be very cool. You know, maybe
Speaker 1: at some point we'll do that. Yeah, that would be
Speaker 1: kind of fun. We do have the ingredients for it.
Speaker 1: So and then there is the potential for we like
Speaker 1: thinking like pretty far into the future here of not
Speaker 1: not a not a conventional train, but that's sort of
Speaker 1: hyper loop essentially, vacuum tunnels like tunnels where you draw
Speaker 1: a vacuum so there's no air resistance and you have
Speaker 1: very high speed autonomous electric pods in a vacuum tube.
Speaker 1: A vacuum tunnel that would allow you to go from
Speaker 1: city center to city center much faster than any airplane
Speaker 1: could possibly go because going into the into the an
Speaker 1: underground vacuum tunnel would it'd be like teleporting to super
Speaker 1: high altitude effectively, which no plane could do. And then
Speaker 1: it could deliver you right to the center of a city.
Speaker 1: And that I don't know, Maybe that's some future collaboration
Speaker 1: with Boring company in Tesla. I got a million ideas.
Speaker 1: The idea is are I had more ideas than I
Speaker 1: know what to do with. Ideas are kind of the
Speaker 1: easy part. Execution is the hard part. As they say,
Speaker 1: it's one percent inspiration ninety nine percent perspiration.
Speaker 10: Work in manufacturing engineering. Since twenty eighteen, I've done a
Speaker 10: bunch of different things here, kind of like energy products,
Speaker 10: moddel three, Model Wide cyber and now we're looking forward
Speaker 10: to Optimists maybe the biggest product ever.
Speaker 1: Yeah, it will be.
Speaker 10: And I think about the mission statement of the company,
Speaker 10: and it's evolved. It used to be a sustainable transportation,
Speaker 10: then sustainable energy. Is it going to evolve again? Are
Speaker 10: we going to reformulate that officially to kind of explain
Speaker 10: to the world better about how optimism and AI folds
Speaker 10: into the rest of the fabric of the company.
Speaker 1: Yeah, I mean I touched on this briefly earlier, but
Speaker 1: you're right that I think we do. You need to
Speaker 1: articulate it more prominently and maybe more often, because it's
Speaker 1: really about sustainable abundance, you know. Can we have a
Speaker 1: future of abundance for all that is also sustainable and
Speaker 1: compatible with nature? So we're not destroying nature? But where
Speaker 1: do you also get abundance for everyone on Earth? Sounds
Speaker 1: like the best possible future. That's what we're trying to do.
Speaker 11: Yeah, yes, sir.
Speaker 3: My name is Aaron.
Speaker 12: Yes, sir, my name is Aaron Arstrong. It's not every
Speaker 12: day that you get to be in the presence of
Speaker 12: somebody that's accumulated so much wealth and success. So I
Speaker 12: just wanted to take this opportunity to ask for any
Speaker 12: wisdoms or secrets that you may have to offer about
Speaker 12: this game of life that we're all trying to play.
Speaker 1: Sure, I mean, I try to tell say everything that
Speaker 1: I know. Well, admittedly sometimes i'm you know, like I
Speaker 1: posted on X I guess I should I ask the
Speaker 1: AI to look through all of my ex posts and
Speaker 1: pick out the ones that are really good, because I
Speaker 1: try to say, any you know, good ideas that I have,
Speaker 1: I try to post them. Yeah. I think generally it's
Speaker 1: good to always be be curious.
Speaker 3: And to.
Speaker 1: You know, to read widely. Like now read read a
Speaker 1: lot of interesting books, especially history. I find history really interesting,
Speaker 1: and I find like biographies and autobiographies to be also
Speaker 1: very interesting. You know. It's I think it's good to
Speaker 1: read especially autobiographies where like, you know, somebody has done
Speaker 1: something incredible and they wrote they wrote the book of
Speaker 1: themselves or mostly themselves. That'll that'll give you a lot
Speaker 1: of ideas. And I mean something that I do is
Speaker 1: I'll get audio books because I got like so much
Speaker 1: going on in my mind when I it's kind of
Speaker 1: hard to go to sleep because it's like having a
Speaker 1: computer browser with like one hundred tabs open. That's that's
Speaker 1: by the end of the day, I got like one
Speaker 1: hundred tabs open. It's like out, I close this browser.
Speaker 1: You know, that's my brain. That's my brain. So then
Speaker 1: I'll listen to an audiobook and I'll put it on
Speaker 1: a timer and it's like fifteen minutes. It's like being
Speaker 1: like being read up a bedtime story by your phone.
Speaker 1: So podcasts and audiobooks, especially during at bedtime, or I
Speaker 1: find her great yeah yeah, or yeah sure, or so
Speaker 1: I can't hate you. Oh, there's a there's a city
Speaker 1: in South Texas which is star Base. So it's it's
Speaker 1: a city for it's in fact the cities. Maybe sound
Speaker 1: makes it sound bigger than it is, but it is.
Speaker 1: It's it's a really uh a a small town plus
Speaker 1: a giant rocket factory that's star Base. And it's uh
Speaker 1: in South Texas and Star based Texas, right by the
Speaker 1: Rio Grande. And you can just literally drive there because
Speaker 1: it's on the like a state highway, so you can
Speaker 1: just drive through it check it out. So I do
Speaker 1: own a piece of property that's just across the river.
Speaker 1: That's kind of cool. It used to be like a
Speaker 1: like a horse place, like where they would give horse
Speaker 1: riding lessons and stuff. And at some point I think
Speaker 1: it would be cool too. I want to do like
Speaker 1: this gigantic art project there that's like a looks like
Speaker 1: an alien planet, like right across the river, but like
Speaker 1: that people could visit, you know, so then I might
Speaker 1: like live there occasionally. But really it's it's a place
Speaker 1: to like, I don't know, to envision sort of an
Speaker 1: alien planet art project across the river. They're kind of cool.
Speaker 11: Yeah, yeah, uh.
Speaker 1: Do we see see TESL making a product that helps
Speaker 1: how we spend money? Well, I think the AI is
Speaker 1: going to help us spend money better. It's kind of amazing.
Speaker 1: You know what AI can do these days, don't I
Speaker 1: if anyone here has used a grock but it's pretty cool.
Speaker 1: Grock voice can be really pretty great too. I just
Speaker 1: try grock unhinged. It's like it's guaranteed to be entertaining
Speaker 1: at a party, one thousand percent. Promise you if you
Speaker 1: if you try grock voice unhinged at a party, this
Speaker 1: will be a very it's gonna be a big hit. So,
Speaker 1: but you can also ask it any questions, So like
Speaker 1: if you want to ask questions about like, you know,
Speaker 1: life advice or things that or anything like, you can
Speaker 1: really ask Like you can ask it about cryptocurrency if
Speaker 1: you want. You can ask it about medical advice. You
Speaker 1: can ask any It's actually it's very good and it's
Speaker 1: getting better, so you know, I think more use of
Speaker 1: try using rock. It's like it's really pretty cool. Yeah, sure, cool. Yeah,
Speaker 1: So we're in phase three of the master Plan. Since
Speaker 1: Mass Plan one and two have been completed. No, mass plan.
Speaker 1: POT three is a very long master plan because it's
Speaker 1: basically making all energy on Earth sustainable and and I
Speaker 1: actually need to supplement it with the sort of abundance
Speaker 1: for all. Maybe that's a master plan for I've kind
Speaker 1: of described master plan for essentially, which is like autonomous cars,
Speaker 1: autonomous humanoid robots. You combined that with like solar and
Speaker 1: battery storage, and I think the future is going to
Speaker 1: be incredible. So I'll take a couple more questions and
Speaker 1: call it a night. Well, i'll ask if you haven't
Speaker 1: asked a question before you can ask a question. Okay, Oh, well,
Speaker 1: there are actually some Optimous robots being both in Fremont
Speaker 1: right now, So well, so what that was, But so
Speaker 1: we expect to have an Optimist production line here as well.
Speaker 1: So there'll be Optimist production starting in the Bay Area,
Speaker 1: and then we'll have the even bigger Optimist production line
Speaker 1: here in Austin. Yeah, it's gonna be a lot of robots,
Speaker 1: so I ultimately, I mean I think there'll be we'll
Speaker 1: be making tens of millions of robots a year type
Speaker 1: of thing. It's like serious volume, maybe one hundred million
Speaker 1: robots a year. It's wild. Yeah, all right, well ask question. Okay,
Speaker 1: it's about sustainability abundance, yes, yeah, well yes, I mean
Speaker 1: obviously Utopia could be dystopia, so we have to like
Speaker 1: usually any story about Utopia ends up being dystopia. Won't
Speaker 1: avoid that. But nonetheless, I think if you say, what future,
Speaker 1: what's what's the best future you can think of? I
Speaker 1: think a future of sustainable abundance plus space travel that's
Speaker 1: pretty great. Yeah, we need we need adversity. Well, I
Speaker 1: mean you make a good point, like we like, if
Speaker 1: things would actually get too easy, maybe we get bored
Speaker 1: and we're not really that you kind of want to
Speaker 1: to some to overcome adversity. You know. It's like if
Speaker 1: you if you play a game of some kind, you
Speaker 1: wanted the game to be not too easy and not
Speaker 1: too hard, and maybe the future will be too easy potentially,
Speaker 1: that's what you're saying. Yeah, it's a high class problem,
Speaker 1: you know. But I think I think we'll still have
Speaker 1: human to human competitions. And if you look at say
Speaker 1: athletics or even mind games like chess. Although computers can
Speaker 1: beat any human at chess, chess is actually at an
Speaker 1: all time high in popularity. And although you know, cars
Speaker 1: can go faster than any humans, we still have athletic
Speaker 1: sports where humans compete against each other, so I think
Speaker 1: we'll still have human versus human competitiveness. I think long
Speaker 1: term we will also have enhancement of humans, or optionally,
Speaker 1: if somebody wants to enhance, like have like cyberneta enhancements,
Speaker 1: like with neuralink. You know, if you want to go
Speaker 1: cybernetic and I don't know, maybe have like super intelligence
Speaker 1: and be able to see, you know, in different wavelengths.
Speaker 1: We could absolutely provide superhuman abilities via neuralink in the future.
Speaker 1: So one thing is for sure, the future is going
Speaker 1: to be very interesting. In fact, I think the most generally,
Speaker 1: I find that the most interesting outcome is the most likely,
Speaker 1: or said another way, maybe the most entertaining outcome, especially ifyronic,
Speaker 1: is the most likely. It's almost like we're in an
Speaker 1: alien Netflix series that's trying to have the highest possible ratings,
Speaker 1: and like, if you think about it, like that's kind
Speaker 1: of what happens, you know, which it doesn't mean it's
Speaker 1: always good because to your point, if you wouldn't really
Speaker 1: want to watch a show where things are great and
Speaker 1: stay great, I'm like, oh, it was boring. You want
Speaker 1: to watch a show where there's like a narrative awk
Speaker 1: where things go up and they go down, they go
Speaker 1: back up again, and you know, you know exactly what's
Speaker 1: going to happen next. And I think we might be
Speaker 1: in an alien Netflix series here. So we're just going
Speaker 1: to keep the ratings up so we don't get canceled.
Speaker 1: All right, thank you guys. Helps how we spend money? Well,
Speaker 1: I think the AI is going to help us spend
Speaker 1: money better. It's kind of amazing, you know what AI
Speaker 1: can do these days. And if anyone here has used
Speaker 1: a grock but it's pretty cool. Grock voice can be
Speaker 1: really pretty great too. I just try grock unhinged. It's
Speaker 1: like it's guaranteed to be entertaining at a party. I have
Speaker 1: one thousand percent promise you if you if you try
Speaker 1: grock voice unhinged at a party, this will be a
Speaker 1: very It's gonna be a big hit. So, but you
Speaker 1: can also ask it any questions. So, like, if you
Speaker 1: want to ask questions about like, you know, life advice
Speaker 1: or things that or anything like you could really ask Like,
Speaker 1: you can ask it about cryptocurrency if you want you
Speaker 1: can ask it about medical advice, you can ask any
Speaker 1: It's actually it's very good and it's getting better. So
Speaker 1: you know, I think more use of try using grock.
Speaker 1: It's like it's really pretty cool. Yeah, sure, cool. Yeah.
Speaker 1: So we're in phase three of the master plan since
Speaker 1: master on one and two have been completed. Now, mass
Speaker 1: Plan pot three is a very long master plan because
Speaker 1: it's basically making all energy on Earth sustainable, and I
Speaker 1: actually need to supplement it with the sort of abundance
Speaker 1: for all. Maybe that's master plan for I've kind of
Speaker 1: described master Plan four essentially, which is like an autonomous cars,
Speaker 1: autonomous humanoid robots. You combined that with like solar and
Speaker 1: battery storage. And thanks for listening. See you in the
Speaker 1: next episode.