WEBVTT 1 00:00:05.000 --> 00:00:07.200 So one of the things that may seem like, how 2 00:00:07.200 --> 00:00:08.919 do you how do you pull it all together? Is 3 00:00:10.279 --> 00:00:12.800 you know, where does AI and robots fit in this 4 00:00:12.839 --> 00:00:16.440 sort of sustainable energy picture, Like is that just like 5 00:00:16.600 --> 00:00:21.440 some weird side project or or what you know? But 6 00:00:21.519 --> 00:00:24.679 it's it's because what we're really aiming for here is 7 00:00:26.480 --> 00:00:28.800 maybe a better way to think about rather than sustainable energy, 8 00:00:29.000 --> 00:00:34.479 is sustainable abundance for all. So if you think about, like, 9 00:00:34.520 --> 00:00:38.280 what is the future that would what's what's the most 10 00:00:38.280 --> 00:00:42.960 exciting future that you could possibly imagine? Like what does 11 00:00:43.000 --> 00:00:46.399 that future look like? It's worth thinking about that. Just 12 00:00:46.640 --> 00:00:52.799 this thing, just just just imagine a future. What does 13 00:00:52.799 --> 00:00:56.280 that that amazing future look like? How about a future 14 00:00:56.359 --> 00:00:59.759 where you can have any good or service you want 15 00:01:00.880 --> 00:01:07.120 at will? A future of abundance for all where really 16 00:01:07.159 --> 00:01:10.840 anyone can have anything. It sounds impossible, It sounds like 17 00:01:11.319 --> 00:01:14.319 surely such a thing cannot be the case. But what 18 00:01:14.359 --> 00:01:16.719 I'm here to tell you is that that will indeed 19 00:01:16.719 --> 00:01:20.200 be the case. That the future we're headed for is 20 00:01:20.239 --> 00:01:24.640 one where you can literally just have anything you want. Like, 21 00:01:25.280 --> 00:01:26.840 if there's a good or service you want, you'll be 22 00:01:26.879 --> 00:01:31.040 able to have it, and ultimately everyone in the world 23 00:01:31.480 --> 00:01:35.560 will be able to have anything they want. 24 00:01:36.120 --> 00:01:38.840 What's key to that is robotics and AI. 25 00:01:39.680 --> 00:01:42.120 So once you have self driving cars and you have 26 00:01:42.120 --> 00:01:46.760 autonomous humanoid robots, where everyone can have their own personal 27 00:01:47.239 --> 00:01:49.719 C three PO and R two D two. But even 28 00:01:49.760 --> 00:01:54.400 better than that, that's Optimus. You can imagine like your 29 00:01:54.439 --> 00:01:59.480 own personal robot buddy that is a great friend but 30 00:01:59.560 --> 00:02:03.120 also takes care of your house. Will will clean your house, 31 00:02:03.159 --> 00:02:07.760 will mow the lawn, will walk the dog, We'll teach 32 00:02:07.799 --> 00:02:14.080 your kids, will babysit, and and and we'll also also 33 00:02:14.159 --> 00:02:19.319 enable the production of goods and services, uh, basically with 34 00:02:19.360 --> 00:02:24.159 no limit. And when you combine that with just sustainable 35 00:02:24.240 --> 00:02:27.919 energy from the sun and batteries, we can also at 36 00:02:27.960 --> 00:02:32.000 the same time also maintain a great environment. So that's 37 00:02:32.039 --> 00:02:34.960 I think, is the future that we that we want. 38 00:02:35.199 --> 00:02:40.120 A future where nobody's nobody's in need. You can have 39 00:02:40.159 --> 00:02:44.080 what you want, and we still but we still have nature. 40 00:02:44.159 --> 00:02:48.479 We still have a you know, the the beautiful parts 41 00:02:48.599 --> 00:02:53.919 of nature that that we like. I think that's probably 42 00:02:54.000 --> 00:02:57.360 the best future. I can't like, what other future would 43 00:02:57.360 --> 00:02:59.319 you want? I think that's like the cool future. And 44 00:02:59.360 --> 00:03:03.719 also space, well let's not forget that. So if you 45 00:03:03.759 --> 00:03:07.039 can have basically anything you want and travel to space 46 00:03:07.120 --> 00:03:09.759 and go to Mars, and that would be. 47 00:03:09.719 --> 00:03:12.319 That's about as good as it gets, you know. It's like, 48 00:03:12.800 --> 00:03:13.159 that's it. 49 00:03:13.960 --> 00:03:17.080 So that's really what we're what we're trying to do 50 00:03:17.199 --> 00:03:20.599 is take the set of actions most likely to lead 51 00:03:20.639 --> 00:03:23.360 to a great future for all. So that's what I 52 00:03:23.400 --> 00:03:30.400 mean by sustainable abundance, and the combination of things that 53 00:03:30.439 --> 00:03:36.599 we're making with Optimists and AI and AI Compute will 54 00:03:36.759 --> 00:03:45.199 achieve an age of abundance for all. Like actually, so 55 00:03:45.240 --> 00:03:51.360 it's gonna be pretty great. And Model I became the 56 00:03:51.400 --> 00:03:56.439 best selling vehicle in the world. You know, FI, we 57 00:03:56.439 --> 00:04:08.479 do make the best you know. Yeah, it's how we're 58 00:04:08.479 --> 00:04:10.800 doing our popularity. Will We actually literally make the best 59 00:04:10.800 --> 00:04:15.520 selling car on Earth of any kind. So that's it's 60 00:04:15.520 --> 00:04:18.439 for two years in a row. So and it's going 61 00:04:18.480 --> 00:04:21.000 to be the best selling car on Earth again this year. 62 00:04:22.079 --> 00:04:31.920 So the cyber truck became the best selling electric vehicle 63 00:04:31.959 --> 00:04:38.800 pickup instantly because it's awesome. And Tesla was the best 64 00:04:38.839 --> 00:04:42.519 selling electric vehicle in Europe, the fastest growing brand in 65 00:04:42.720 --> 00:04:45.480 South Korea, and we launched in a lot of new markets, 66 00:04:45.480 --> 00:04:48.279 including Qatar, Lithuania, Chile, and the Philippines, and we'll be 67 00:04:48.560 --> 00:04:50.680 opening in a whole bunch more markets as well, so 68 00:04:51.879 --> 00:04:57.560 Tesla's will be available worldwide. So overall, you know, it's good. 69 00:04:58.079 --> 00:04:59.639 If you read the news, it feels like, you know, 70 00:04:59.639 --> 00:05:03.360 on a so I was like, I can't walk past 71 00:05:03.399 --> 00:05:06.160 the TV without seeing a Tesla on fire, Like what's 72 00:05:06.199 --> 00:05:09.480 going on? You know some people that's like, listen, I 73 00:05:09.560 --> 00:05:11.120 understand if you don't want to buy our product, but 74 00:05:11.160 --> 00:05:13.720 you don't have to burn it down. That's a bet unreasonable, 75 00:05:13.800 --> 00:05:19.879 you know, like. 76 00:05:17.360 --> 00:05:24.319 Like this is psycho. Stop being psycho. Okay. 77 00:05:24.439 --> 00:05:26.959 So uh and we've launched the new model. I congrats 78 00:05:27.000 --> 00:05:36.759 to the team on on Fast, so you know that 79 00:05:36.759 --> 00:05:39.959 that's that's obviously very tough because we've got factories all 80 00:05:40.000 --> 00:05:42.839 across the world and we've got to change over a 81 00:05:42.879 --> 00:05:46.279 global supply chain on three three three basically three supply 82 00:05:46.360 --> 00:05:51.160 chains on three continents. And I think it did an 83 00:05:51.160 --> 00:05:53.959 amazing job of switching over the world's best selling car 84 00:05:54.879 --> 00:05:59.160 globally in a very short period of time. Well done, guys, 85 00:06:07.240 --> 00:06:10.600 and let's I'll forget Also, we're upgraded Model three last year, 86 00:06:10.959 --> 00:06:13.759 so our in cars people are also buy the Model three. 87 00:06:13.759 --> 00:06:15.199 It's a great car actually. 88 00:06:16.439 --> 00:06:22.879 So and the cyber truck is achieved five star safety. 89 00:06:23.040 --> 00:06:27.399 You know these days, you know, sometimes things get a 90 00:06:27.439 --> 00:06:30.959 little dangerous. The neighborhood and the cyber truck being bulletproof 91 00:06:31.000 --> 00:06:35.240 and all can come in handy. So but apart from 92 00:06:35.240 --> 00:06:40.240 being bulletproof, it's also very safe in a crash. We're 93 00:06:40.279 --> 00:06:44.959 also building the Tesla Semi factory. This is a vehicle 94 00:06:45.000 --> 00:06:48.319 that some people said was impossible to build, that it 95 00:06:48.399 --> 00:06:51.439 defied physics. Well, not only does it not defy physics, 96 00:06:51.480 --> 00:06:53.800 we're gonna be making a lot of them. So we're 97 00:06:53.800 --> 00:06:58.120 gonna make just a you know, I think ultimately we'll 98 00:06:58.199 --> 00:07:02.439 make over a million millions probably of the Tesla Semi. 99 00:07:03.639 --> 00:07:06.439 And this is really going to be something that you'll 100 00:07:06.480 --> 00:07:08.240 see all over the place. And it will also be 101 00:07:08.839 --> 00:07:12.279 autonomous or have the ability to go autonomous down the road. 102 00:07:13.040 --> 00:07:20.600 So really autonomy is a massive, massive thing. The future 103 00:07:21.240 --> 00:07:28.319 is autonomous. So I always sort. 104 00:07:28.240 --> 00:07:29.680 Of think they go, like, what will the future look 105 00:07:29.759 --> 00:07:30.480 like in five. 106 00:07:30.360 --> 00:07:35.839 Years or ten years, twenty years and five years from now? 107 00:07:37.600 --> 00:07:40.000 Autonomous cars are going to be everywhere in the primarily 108 00:07:40.000 --> 00:07:43.439 going to be Tesla's by the way, but autonomous Tesla's 109 00:07:43.480 --> 00:07:49.120 will be everywhere, and I think in five years probably 110 00:07:49.120 --> 00:07:54.319 we'll have the regulatory approval I think globally, so you'll 111 00:07:54.360 --> 00:07:59.639 have autonomous Tesla's on every continent taking people on trips, 112 00:08:00.360 --> 00:08:04.519 and almost the entire fleet, which will pass ten million 113 00:08:04.639 --> 00:08:07.560 vehicles next year, is capable. 114 00:08:07.519 --> 00:08:08.439 Of full autonomy. 115 00:08:09.079 --> 00:08:13.759 So even without the cybercab, we still actually have a 116 00:08:13.920 --> 00:08:18.279 gigantic fleet that is capable of being autonomous. And the 117 00:08:18.360 --> 00:08:20.720 thing about being an autonomous car is that it can 118 00:08:20.759 --> 00:08:23.480 be used much more than a car that is not autonomous. 119 00:08:24.360 --> 00:08:26.839 A typical passenger vehicle car will be used about ten 120 00:08:26.879 --> 00:08:29.360 hours a week, so we might use it, people might 121 00:08:29.439 --> 00:08:30.639 use it for an hour and a half a day 122 00:08:30.639 --> 00:08:32.840 on average for seven days, which is about ten hours 123 00:08:32.840 --> 00:08:34.799 a week. But there are one hundred and sixty eight 124 00:08:34.879 --> 00:08:37.480 hours in a week. So if you have a car 125 00:08:37.559 --> 00:08:41.840 that's a robot car that can drive autonomously, it can 126 00:08:41.879 --> 00:08:45.279 now be used potentially for eighty maybe one hundred hours 127 00:08:45.320 --> 00:08:47.519 in a week. So you could have a car that 128 00:08:48.000 --> 00:08:53.759 has ten times the usefulness of a non autonomous. 129 00:08:53.240 --> 00:08:55.000 Car, but it still costs the same. 130 00:08:55.840 --> 00:08:59.639 In fact, the fleets are already built, so the software 131 00:08:59.679 --> 00:09:07.039 update is just enables that capability overnight, you have an 132 00:09:07.120 --> 00:09:11.000 increase in usefulness of ten million cars that suddenly become 133 00:09:11.120 --> 00:09:13.840 like fifty million cars or maybe eighty or one hundred 134 00:09:13.840 --> 00:09:18.879 million cars of usefulness overnight. That that's a profound thing. 135 00:09:19.240 --> 00:09:22.039 Like nothing like that has ever happened before. There is 136 00:09:22.080 --> 00:09:26.639 no there is no analogy that there's no nothing is 137 00:09:26.679 --> 00:09:30.799 There's never been something where a software update increase the 138 00:09:30.879 --> 00:09:35.399 value of a gigantic asset base by a factor of 139 00:09:35.440 --> 00:09:39.200 like five hundred to one thousand percent. So it's very 140 00:09:39.200 --> 00:09:41.759 difficult for like, you know, people in the stock market, 141 00:09:41.840 --> 00:09:45.480 especially those that look in the rear view mirror, which 142 00:09:45.600 --> 00:09:52.759 is most people, to imagine a future where suddenly a 143 00:09:52.840 --> 00:10:00.399 ten million vehicle fleet has five to ten times the usefulness. 144 00:10:00.159 --> 00:10:04.320 It's it's so profound, and there's there's no comparison with 145 00:10:04.360 --> 00:10:06.080 anything in the past that they just can't It does 146 00:10:06.159 --> 00:10:11.399 not compute, but it will compute in the future. And 147 00:10:11.480 --> 00:10:15.399 some people like Kathy would at arcinvest do see the future. 148 00:10:17.799 --> 00:10:20.000 So what I'm saying is hang on to your stock. 149 00:10:22.240 --> 00:10:32.559 So so. 150 00:10:34.840 --> 00:10:41.480 Yeah, it's it's really it's mind blowing. Then I want 151 00:10:41.480 --> 00:10:43.559 to give a shout out to Service. Service is a 152 00:10:43.600 --> 00:10:47.919 tough job, an important job, and it's actually what sells 153 00:10:47.960 --> 00:10:51.120 cars long term, you know, because the initial car is 154 00:10:51.159 --> 00:10:54.759 sold with sales, but all future cars are sold with service. 155 00:10:56.320 --> 00:10:58.799 And I always encourage our service team, like, let's try 156 00:10:58.799 --> 00:11:01.200 to give people a service experience that they love, not 157 00:11:01.240 --> 00:11:03.720 really that they like, but that they love. Because people 158 00:11:03.720 --> 00:11:05.639 will talk about something that they love that was an 159 00:11:05.679 --> 00:11:08.840 amazing experience, but they don't talk that much about things 160 00:11:08.879 --> 00:11:11.120 that they like. You have to really do something amazing 161 00:11:11.960 --> 00:11:13.840 and then they'll they'll they'll talk about it and be like, wow, 162 00:11:13.879 --> 00:11:17.080 that's incredible. So thank you to the service team for 163 00:11:17.240 --> 00:11:28.360 the great job you do. And I mean you can 164 00:11:28.360 --> 00:11:30.120 see sort of I like the sort of light map 165 00:11:30.159 --> 00:11:34.000 of superchargers. You can see you can go practically anywhere 166 00:11:34.279 --> 00:11:40.720 in the US, Mexico, Europe, China, most well, I guess 167 00:11:40.720 --> 00:11:45.120 not the outback of Australia, but but you know, most 168 00:11:45.120 --> 00:11:50.080 of the places where people live. So our supercharger network 169 00:11:50.080 --> 00:11:54.840 continues to grow significantly and we keep upgrading our supercharges. 170 00:11:55.440 --> 00:11:57.639 This is in fact, I still run into a lot 171 00:11:57.639 --> 00:11:59.840 of people who don't realize that you can drive, you 172 00:12:00.360 --> 00:12:02.519 take your Tesla on a road trip anywhere in America. 173 00:12:02.600 --> 00:12:05.120 Or anywhere in Europe, anywhere, pretty much anywhere in China 174 00:12:06.440 --> 00:12:09.320 just using the Tesla Supercharge network. And it's actually easy 175 00:12:09.320 --> 00:12:12.919 and convenient. So people think that they're whatever the range 176 00:12:12.919 --> 00:12:14.320 of the car is, that's as far as they can go. 177 00:12:14.799 --> 00:12:17.000 It's like, no, you can just stop at a supercharge network. 178 00:12:17.159 --> 00:12:19.720 The car's battery will last longer than your bladder. I'm 179 00:12:19.759 --> 00:12:24.279 pretty confident. So that's really the threshold. As long as 180 00:12:24.279 --> 00:12:26.279 the car battery lasts longer than your bladder and just 181 00:12:26.279 --> 00:12:28.519 plug it in when you go to the restroom and 182 00:12:28.519 --> 00:12:30.799 you come back and you know, grab a coffee or whatever, 183 00:12:31.279 --> 00:12:33.679 and if you're back on the road and everything's good, 184 00:12:34.000 --> 00:12:36.879 then that that's the range that matters and the supercharging 185 00:12:36.919 --> 00:12:42.720 speed that matters. So yeah, so congress to the supercharger 186 00:12:42.759 --> 00:12:45.879 team on expanding that work and do great, great work there. 187 00:12:54.200 --> 00:12:57.159 And then I mean the megapack and power wall team 188 00:12:57.200 --> 00:12:58.919 are really knocking it out of the park. The demand 189 00:12:59.039 --> 00:13:03.639 for stationary battery storage is gigantic, and I think that 190 00:13:04.000 --> 00:13:06.559 is actually only going to increase dramatically over time. 191 00:13:07.360 --> 00:13:10.440 So uh, and we've got. 192 00:13:10.360 --> 00:13:14.120 The Shanghai megafactory that's got started in record time in 193 00:13:14.159 --> 00:13:16.960 factory contract Congress to the Shanghai factory team there. 194 00:13:17.039 --> 00:13:26.759 That's awesome. And the power Wall three is it usually takes. 195 00:13:26.960 --> 00:13:30.399 It usually takes about three major technology iterations for the 196 00:13:30.639 --> 00:13:33.399 product to be great. And the power Wall three really 197 00:13:33.480 --> 00:13:36.720 is a fantastic home energy product and it's something that 198 00:13:37.320 --> 00:13:39.320 if you want to have ensure that your home has 199 00:13:39.440 --> 00:13:43.519 uninterrupted power during a power adage, the power Wall three 200 00:13:43.600 --> 00:13:43.759 is the. 201 00:13:44.039 --> 00:13:44.440 Way to go. 202 00:13:45.480 --> 00:13:48.639 And if you combine that with the solar, you can 203 00:13:48.679 --> 00:13:51.720 basically be off grid, which is pretty cool. But I 204 00:13:51.720 --> 00:13:56.879 think just having energy insurance, like being energy assurance such 205 00:13:56.960 --> 00:14:00.759 that if the if the utility goes down, you don't 206 00:14:00.759 --> 00:14:03.399 even notice like the light source on your house, and 207 00:14:03.480 --> 00:14:06.120 your neighbors will come to you for help. Basically that's 208 00:14:06.120 --> 00:14:09.000 actually what happens when somebody has it tells the power 209 00:14:09.080 --> 00:14:11.080 wall and there's a power outage. 210 00:14:11.639 --> 00:14:13.679 So that's a great product. 211 00:14:15.159 --> 00:14:18.320 And then yeah, megapack, especially at the utility scale, is 212 00:14:18.559 --> 00:14:21.559 that the opportunity there is gigantic because it enables a 213 00:14:21.639 --> 00:14:25.559 utility grid to dramatically increase the output of electricity because 214 00:14:25.559 --> 00:14:28.440 you can you can generate electricity at night and then 215 00:14:28.480 --> 00:14:32.759 megapack can provide that electricity during the day because normal 216 00:14:32.759 --> 00:14:35.960 electricity demand is very uneven. There's a lot of electricity 217 00:14:36.000 --> 00:14:40.679 usage during the day but limited at night. So megapac 218 00:14:40.720 --> 00:14:43.879 actually has the potential to increase the output of an 219 00:14:43.919 --> 00:14:48.639 existing electricity grid by more than double. So you can actually, 220 00:14:48.919 --> 00:14:52.000 without building additional power plants, double the total output of 221 00:14:52.080 --> 00:14:52.720 energy in a year. 222 00:14:53.519 --> 00:14:54.840 So it's quite a profound thing. 223 00:14:58.279 --> 00:15:01.840 Yeah, So megapac is is also really good at stabilizing 224 00:15:01.879 --> 00:15:05.120 the grid. So there's if there's variations in power in 225 00:15:05.159 --> 00:15:10.600 the grid, the megapac can absorb if there's a big 226 00:15:10.639 --> 00:15:12.919 power spike, and it can absorb and store the power, 227 00:15:13.360 --> 00:15:15.120 and then if there's a drop in power, it can 228 00:15:15.120 --> 00:15:18.039 fill in the gap. So it's a megapac is excellent 229 00:15:18.120 --> 00:15:24.399 for stabilizing the grid and obviously good it matches very 230 00:15:24.440 --> 00:15:29.320 well with wind and solar. In fact, satellites are just 231 00:15:30.440 --> 00:15:31.799 solar panels and a battery. 232 00:15:32.240 --> 00:15:33.720 That's that's how all satellites work. 233 00:15:34.840 --> 00:15:38.120 And with the Starling satellite network there's seven thousand satellites 234 00:15:38.200 --> 00:15:41.399 orbiting the Earth and all they uses is solar panels 235 00:15:41.440 --> 00:15:45.320 in a battery. And my prediction is long term, a 236 00:15:45.399 --> 00:15:50.279 majority of power on Earth. In fact, eventually it might 237 00:15:50.320 --> 00:15:53.200 be like ninety percent or more of all power on 238 00:15:53.279 --> 00:15:58.240 Earth will be solar panels with batteries. That's my prediction. 239 00:15:58.879 --> 00:16:06.720 My predictions have pretty good track record, so yeah, and 240 00:16:07.000 --> 00:16:09.360 the power walls can also act as kind of a 241 00:16:09.440 --> 00:16:11.679 virtual grid, so if you have thousands of power walls 242 00:16:11.679 --> 00:16:14.480 in a neighborhood, they can actually work work in concert 243 00:16:14.519 --> 00:16:15.480 to stabilize the grid. 244 00:16:18.200 --> 00:16:20.799 The B four supercharger is pretty cool. 245 00:16:22.559 --> 00:16:26.600 It enables charging at five hundred killer whites and the 246 00:16:26.600 --> 00:16:31.159 semi can charge at one point two megawattes, so it's 247 00:16:31.159 --> 00:16:33.759 and it's smaller and lighter. It's a big improvement overall, 248 00:16:34.759 --> 00:16:37.799 and we're rolling this out worldwide, so it'll increase charging 249 00:16:37.840 --> 00:16:42.440 speeds and uh yeah, just enable you to get your 250 00:16:42.440 --> 00:16:48.879 car charge really fast. And then with regard to sell manufacturing, 251 00:16:49.799 --> 00:16:54.240 we were at this point we think we're making the 252 00:16:55.519 --> 00:16:59.120 most efficient cell in the world, meaning like the lowest 253 00:16:59.120 --> 00:17:03.600 cost per killer watter I sell so, which is. 254 00:17:03.559 --> 00:17:04.960 Really pretty pretty good. 255 00:17:05.000 --> 00:17:07.799 Like there are entire companies that all they do is 256 00:17:07.920 --> 00:17:13.440 make lithium battery cells and for us, that's one of 257 00:17:13.519 --> 00:17:17.720 many things that we do. So congratulations to the cell 258 00:17:17.799 --> 00:17:19.960 team on making the best sell. 259 00:17:28.920 --> 00:17:30.279 So that's that's a really big deal. 260 00:17:32.880 --> 00:17:36.079 And then we're also investing in the whole battery supply chain, 261 00:17:36.559 --> 00:17:45.799 so we have cathere production, we have lithium refining, and. 262 00:17:44.119 --> 00:17:44.759 And then more. 263 00:17:46.039 --> 00:17:49.200 Yeah, hopefully we're sort of hoping someone else will do 264 00:17:49.240 --> 00:17:52.559 the uh, the anode. We might have to do the anode. 265 00:17:53.359 --> 00:17:55.279 I hope someone else does it. Why do we have 266 00:17:55.319 --> 00:17:59.759 to do all these things? A lot of people think like, 267 00:17:59.799 --> 00:18:01.599 we we do this thing a lot of these things 268 00:18:01.640 --> 00:18:05.039 because we want to, but really it's often just because 269 00:18:05.200 --> 00:18:06.839 we didn't have any choice and nobody else was doing it, 270 00:18:06.880 --> 00:18:12.599 so we had to do it. So so, yeah, a 271 00:18:12.640 --> 00:18:15.160 lot of new factory milestones. So in Berlin we've produced 272 00:18:15.200 --> 00:18:18.559 six hundred and sixty thousand drive units. Fremont, we've built 273 00:18:18.559 --> 00:18:22.599 our first Optimus at the Offtimost production line in Fremont. 274 00:18:24.000 --> 00:18:27.519 We're preparing for Cybercap production here at Gega Factory Austin 275 00:18:28.119 --> 00:18:32.480 and Gigo Factory Shanghai. Created it's a three million of 276 00:18:32.440 --> 00:18:37.000 the car. We've produced one hundred and sixty thousand NAC's 277 00:18:37.039 --> 00:18:39.799 adapters at gig Factory in New York, and we've got 278 00:18:39.839 --> 00:18:43.440 record battery pack production at Gegar Factory Nevada. So congrats 279 00:18:43.480 --> 00:18:57.319 to everyone were Also just behind us on the south 280 00:18:57.319 --> 00:19:01.759 side of the building, we have the Teesluk. We're called 281 00:19:01.799 --> 00:19:05.200 Cortex one. It's like basically a giant brain computer brain 282 00:19:05.960 --> 00:19:10.559 that is used for AI training. So we take the 283 00:19:10.640 --> 00:19:12.480 vast amounts of video that we get from all the 284 00:19:12.519 --> 00:19:14.400 cars in the fleet and we use that to train 285 00:19:14.720 --> 00:19:16.839 the artificial intelligence to be able to drive the car. 286 00:19:17.559 --> 00:19:21.519 And this is one of the most powerful training systems 287 00:19:21.519 --> 00:19:26.359 in the world, with over fifty thousand GPUs active and 288 00:19:26.480 --> 00:19:29.759 soon to be one hundred thousand GPUs, which will make 289 00:19:29.799 --> 00:19:31.720 it i think, probably top five in the world in 290 00:19:31.799 --> 00:19:43.480 training centers. We're also making continuing to make progress on 291 00:19:43.519 --> 00:19:45.920 our Dojo training supercomputer. 292 00:19:46.440 --> 00:19:48.799 So we've got Dojo one. 293 00:19:50.279 --> 00:19:53.279 Active now in gegapactory in New York and in Palo Alto, 294 00:19:54.000 --> 00:19:57.319 and it is actively working. It's actually taking load on 295 00:19:57.559 --> 00:20:03.880 it's doing a meaningful percentage well I guess five percent 296 00:20:03.960 --> 00:20:08.440 or whatever, but it's still something five, maybe approaching ten 297 00:20:08.480 --> 00:20:14.599 percent of the training load of the self driving AI 298 00:20:15.279 --> 00:20:18.839 is being done by Dojo. And then we've got Dojo 299 00:20:18.920 --> 00:20:22.920 two that's coming down the line that'll be probably ten 300 00:20:22.960 --> 00:20:27.200 times better than Dojo one, and so it's sort of exciting. 301 00:20:27.359 --> 00:20:31.799 We're making good progress with Dojo. I'm increasingly optimistic about 302 00:20:31.799 --> 00:20:34.319 the future of Dojo. I think it's we've got a 303 00:20:34.319 --> 00:20:38.119 real shot here at a breakthrough. So congrats to the 304 00:20:38.119 --> 00:20:49.880 Dojo team and the all Tails vehicles have now had 305 00:20:50.920 --> 00:20:53.519 what we call water pilot hardware for or really our 306 00:20:53.559 --> 00:20:59.599 AI four hardware, and it's it's really it's very powerful 307 00:21:00.039 --> 00:21:04.000 AI Infern's computer, and but also it operates a very 308 00:21:04.000 --> 00:21:06.799 low power and even to this day, even though this 309 00:21:06.920 --> 00:21:10.079 was a this has been something we're designed several years ago. 310 00:21:10.319 --> 00:21:12.400 There actually isn't anything on the market that we can 311 00:21:12.440 --> 00:21:15.920 buy that is better than AI four. So and obviously 312 00:21:15.920 --> 00:21:18.680 in the future years we'll have A five and AI six. 313 00:21:18.799 --> 00:21:21.319 Sometimes people say should I wait, I'm like, well, we're. 314 00:21:21.160 --> 00:21:23.759 Always gonna have another version, so there's no point in 315 00:21:23.759 --> 00:21:28.559 waiting because it was waiting forever. So but we obviously 316 00:21:28.559 --> 00:21:30.319 will have an AI five and an AI six or 317 00:21:30.319 --> 00:21:34.359 an AI seven, and we'll keep improving the AI compute. 318 00:21:34.440 --> 00:21:37.440 So for those out there that are interested in developing 319 00:21:37.559 --> 00:21:46.440 advanced chips, Kamoka Tesla and it is always, I think 320 00:21:47.440 --> 00:21:51.319 profound to watch our cars driving with no one in them, 321 00:21:52.119 --> 00:21:56.720 and we actually have the cars doing useful work for 322 00:21:56.759 --> 00:21:59.720 the first time with no one in them, which I 323 00:21:59.720 --> 00:22:01.079 think is is really it's. 324 00:22:00.960 --> 00:22:02.319 A significant milestone. 325 00:22:03.160 --> 00:22:05.480 So the cars are driving from end of line in 326 00:22:05.519 --> 00:22:09.400 Fremont to park themselves, and I think we've just started 327 00:22:09.839 --> 00:22:15.240 doing that here in Austin, so we'll be uh yeah, 328 00:22:15.599 --> 00:22:18.240 car the car literally goes from end of line in 329 00:22:18.319 --> 00:22:22.519 Freemont to to it's to its destination parking spot where 330 00:22:22.519 --> 00:22:24.119 it gets picked up by a truck for delivery to 331 00:22:24.119 --> 00:22:26.200 a customer. And good does that with no one in 332 00:22:26.240 --> 00:22:29.759 it And it's not doing that all day every day 333 00:22:30.039 --> 00:22:31.720 like it you know, pretty much like it's just a 334 00:22:31.720 --> 00:22:41.839 matter of fact thing. Yeah, so let's see uh yeah, 335 00:22:41.839 --> 00:22:44.720 And obviously for anyone that's using it, you can see 336 00:22:44.720 --> 00:22:49.839 the dramatic improvements in the in the in full self driving, 337 00:22:50.160 --> 00:22:54.359 where it's getting to the point where interventions are extremely rare, 338 00:22:54.920 --> 00:22:57.160 and eventually I get to the point where there really 339 00:22:57.319 --> 00:22:59.559 is no need to intervene, like the car is going 340 00:22:59.640 --> 00:23:02.640 to be better than human In fact, maybe it's it's 341 00:23:02.680 --> 00:23:06.480 worth emphasizing that it's not that it's not that Tesla 342 00:23:06.519 --> 00:23:10.319 full self driving will be equal to humans in safety. 343 00:23:10.400 --> 00:23:14.279 It will be ultimately ten times safer than a human because. 344 00:23:14.039 --> 00:23:15.079 It never gets tired. 345 00:23:15.559 --> 00:23:20.440 It doesn't, you know, like humans get tired and don'times 346 00:23:20.480 --> 00:23:25.359 get wasted, you know, and we'll have arguments or change 347 00:23:25.400 --> 00:23:28.759 the radio or you know, text. I know, no one 348 00:23:28.759 --> 00:23:31.720 in this audience would ever text while driving. That'd be crazy, 349 00:23:32.200 --> 00:23:37.960 but you know, it does happen. So so the reality 350 00:23:38.000 --> 00:23:40.920 is that the fulls off testl A PUL self driving 351 00:23:40.960 --> 00:23:45.039 will be vastly safer than humans, not just equivalent, will 352 00:23:45.039 --> 00:23:47.680 be actually vastly safer. And it means you can do 353 00:23:47.720 --> 00:23:50.359 whatever you want while driving. So even if you don't 354 00:23:50.400 --> 00:23:53.799 like rent your car out for usage, you can still 355 00:23:54.519 --> 00:23:57.119 it frees up your time. So if let's say you're 356 00:23:57.200 --> 00:24:00.799 driving ten twelve hours a week or more, it gives 357 00:24:00.799 --> 00:24:03.240 you back ten to twelve hours of your life, which 358 00:24:03.279 --> 00:24:11.319 is extremely cool. So well, Optimist sure has come a 359 00:24:11.319 --> 00:24:26.759 long way, so that the new Optimus twenty two Degree 360 00:24:26.759 --> 00:24:32.880 of Freedom hand and Forum is now in production and 361 00:24:33.160 --> 00:24:35.640 it's learning to walk and catch balls. 362 00:24:36.000 --> 00:24:40.000 It's pretty cool. I mean, look at that's where we 363 00:24:40.039 --> 00:24:41.240 came from. It's wild. 364 00:24:41.680 --> 00:24:44.680 So in a very short period of time, Optimis has 365 00:24:44.720 --> 00:24:50.319 gone from being an idea to the most sophisticated humanoid 366 00:24:50.440 --> 00:24:51.319 robot on Earth. 367 00:24:52.400 --> 00:24:52.880 There's nothing. 368 00:24:53.000 --> 00:24:55.559 There's nothing even close to the level of sophistication of 369 00:24:56.279 --> 00:25:02.559 Optimus and and Tesla some important missing ingredients that others 370 00:25:02.559 --> 00:25:06.319 don't have, which is our robot has a real brain. 371 00:25:07.960 --> 00:25:11.400 It's like the Wizard of Oz to Men was at 372 00:25:11.440 --> 00:25:12.559 a harder brain one of the two. 373 00:25:14.400 --> 00:25:21.279 So it's got it's got the it's got the real 374 00:25:21.279 --> 00:25:23.880 world AI, so it tells us the leader in real 375 00:25:23.880 --> 00:25:26.960 world AI. What we learned in the car we translate 376 00:25:27.039 --> 00:25:30.920 to to the Optimus robot. And we also trans take 377 00:25:31.440 --> 00:25:36.880 our expertise in electric motors, in batteries, power electronics, structural design. 378 00:25:37.319 --> 00:25:40.559 And then another major important thing is that we're very 379 00:25:40.559 --> 00:25:44.240 good at manufacturing. So in order for robots to be useful, 380 00:25:44.440 --> 00:25:46.279 that you have to they have to be they have 381 00:25:46.279 --> 00:25:48.279 to be intelligence. We have to be able to do 382 00:25:48.519 --> 00:25:51.119 useful things just by asking, and you have to be 383 00:25:51.160 --> 00:25:53.759 able to make a large number of them at an 384 00:25:53.759 --> 00:25:57.279 affordable price. This is what we can do. We have 385 00:25:57.759 --> 00:26:02.200 the only company with all the ingredients for making intelligent 386 00:26:02.319 --> 00:26:03.599 humanoid robots. 387 00:26:03.200 --> 00:26:07.160 At scale is Tesla. This is a super big deal. 388 00:26:08.160 --> 00:26:11.240 Like my prediction is that on this front is that 389 00:26:12.279 --> 00:26:16.839 optimists will be the biggest product of old time by far. 390 00:26:17.839 --> 00:26:20.839 Nothing will even be close. It'll be I think it'll 391 00:26:20.880 --> 00:26:24.799 be ten times bigger than the next biggest product ever made, 392 00:26:26.960 --> 00:26:27.599 like that level. 393 00:26:28.559 --> 00:26:44.680 So yeah, all. 394 00:26:44.640 --> 00:26:48.279 Right, So with that, anybody have any questions? 395 00:26:49.680 --> 00:26:55.319 Yeah, heah, congratulations, thank you. 396 00:26:58.119 --> 00:27:00.359 Cool and we were rocket casings. 397 00:27:01.039 --> 00:27:14.519 We do yeah, well, we do want to make we 398 00:27:14.559 --> 00:27:18.960 want to scale up production to new heights. Obviously with 399 00:27:19.039 --> 00:27:22.160 the with the cybercab, you know we're going to be 400 00:27:22.480 --> 00:27:25.160 a cybercab. Is is not just revolutionary car design, it's 401 00:27:25.200 --> 00:27:30.240