WEBVTT 1 00:00:00.160 --> 00:00:03.960 So we've had a very exciting quarter be we're able 2 00:00:04.000 --> 00:00:07.120 to successfully launch a rover taxis so providing out both 3 00:00:07.639 --> 00:00:09.560 riders with no one in the drive to see with 4 00:00:09.720 --> 00:00:13.080 paying customers in Austin. And then so some of they've 5 00:00:13.080 --> 00:00:16.960 known we've already expanded our service area at Austin. It's 6 00:00:17.039 --> 00:00:20.519 bigger and longer, and it's it's going to get even 7 00:00:20.519 --> 00:00:25.199 bigger and longer the we we're expecting to really greatly 8 00:00:25.199 --> 00:00:29.320 increase the mortion service area too, well in excess of 9 00:00:29.640 --> 00:00:33.439 what com Feder's doing. And that's hopefully in a week 10 00:00:33.560 --> 00:00:36.640 or so. Two weeks, yeah, a couple of weeks, a 11 00:00:36.679 --> 00:00:40.960 couple of weeks or so, and we're getting the regulatory 12 00:00:41.000 --> 00:00:46.679 permission to launch in the area about Arizona and the 13 00:00:46.759 --> 00:00:49.679 number of at Florida, a number of other places. So 14 00:00:49.439 --> 00:00:53.359 as we get the approvals and reprove out safety, then 15 00:00:53.359 --> 00:00:59.000 we'll be launching the autonomous right here in Wislim country. 16 00:00:59.240 --> 00:01:04.799 And I think we're oubly have autonomous right handling in 17 00:01:04.920 --> 00:01:07.680 the half of the population of the US by the 18 00:01:07.719 --> 00:01:10.319 end of the year. That's that's least a goal. Subject 19 00:01:10.359 --> 00:01:15.840 to regulatory proofs, I think will technically be able to 20 00:01:15.959 --> 00:01:19.959 it so it's being weird regulatory rubles. It's probably interesting 21 00:01:20.040 --> 00:01:22.359 half the population of the US at the end of 22 00:01:22.400 --> 00:01:25.200 the year. But we are very very cautious. We don't 23 00:01:25.200 --> 00:01:30.480 want to take any chances, and so we're working out, yeah, 24 00:01:30.799 --> 00:01:36.159 they'll go cautiously, but that's the service areas and the 25 00:01:36.239 --> 00:01:41.200 number of vehicles and in operation will decrease a hyberate 26 00:01:41.359 --> 00:01:46.079 natural rate. So you add some other notable things word 27 00:01:46.120 --> 00:01:49.000 away and dream. We jam the best selling car in Turkey, Netherlands, 28 00:01:49.040 --> 00:01:52.599 Switzerland and Austria. It is I believe the best selling 29 00:01:52.680 --> 00:01:56.159 car already fived in the world still and the top 30 00:01:56.239 --> 00:01:58.879 of it. Autonomy is a is a big factor there, 31 00:01:58.920 --> 00:02:05.000 so give about even absent and people about supervised even 32 00:02:05.079 --> 00:02:07.959 even if it's just supervised, so self driving it's it's 33 00:02:08.000 --> 00:02:11.240 a huge selling point. And it's worth noting that we 34 00:02:11.319 --> 00:02:17.719 do not actually yet have approval or supervised FSD in Europe, 35 00:02:17.759 --> 00:02:22.240 where so our sales in Europe we think will improve 36 00:02:22.319 --> 00:02:26.039 significantly once we are able to give customers the same 37 00:02:26.120 --> 00:02:28.919 experience that they have in the US. This is why 38 00:02:29.000 --> 00:02:31.639 this is I think a very important point to convey 39 00:02:31.960 --> 00:02:34.759 and we've been working with the Big Country regulator which 40 00:02:34.800 --> 00:02:38.560 is the Netherlands, and I think we're close to getting 41 00:02:38.560 --> 00:02:41.680 approval with Netherlands. Then instead of go to the EU. 42 00:02:42.120 --> 00:02:46.479 It's quite a cockca esque, but to copa no idea 43 00:02:46.560 --> 00:02:50.240 that's looking at the EU coulds just beyond concas challenges 44 00:02:50.319 --> 00:02:53.599 with eurocracy, but it will. We will get the approvals 45 00:02:53.800 --> 00:02:58.199 and I think we'll get you know, some people in 46 00:02:58.199 --> 00:03:00.919 Europe will have an experience and out of the US 47 00:03:01.520 --> 00:03:07.199 in most of Europe this year, hopefully at least partially 48 00:03:07.759 --> 00:03:12.280 in this quarter. And then we also have some regulator 49 00:03:12.680 --> 00:03:15.919 regulatory challenges in China which we're hopefully to unblocked shortly 50 00:03:16.560 --> 00:03:21.080 where we because we also cannot find super vice qusty 51 00:03:21.159 --> 00:03:23.840 in China currently, but we got to unblock that suit. 52 00:03:23.800 --> 00:03:26.599 And that's a student that's another major. It's really is 53 00:03:26.599 --> 00:03:30.479 the single biggest demand drive. And then within the US, 54 00:03:30.520 --> 00:03:36.319 as we get confident about safety in different geographic areas, 55 00:03:36.719 --> 00:03:42.000 the we will loosen up on how much somebody has 56 00:03:42.039 --> 00:03:43.840 to be layer of focused to have the eyes layer 57 00:03:43.840 --> 00:03:47.400 of focus on the road, you know, because that's that's 58 00:03:47.599 --> 00:03:50.879 been a common complaint. In fact, it does create an odd, 59 00:03:51.000 --> 00:03:55.840 odd safety issue where people will senders disengage or a pilot, 60 00:03:56.120 --> 00:04:00.439 then then do something change the radio or AMU look 61 00:04:00.439 --> 00:04:02.879 at the bone drivers their knee and then re engage 62 00:04:02.919 --> 00:04:05.400 water pilot, which obviously is not is less safe than 63 00:04:05.719 --> 00:04:09.759 simply keeping autopol on. So anywhere, get that that that 64 00:04:09.960 --> 00:04:14.680 experience will will improve in the next several weeks. The 65 00:04:15.879 --> 00:04:20.439 because when I focus on Awestem with Dewain driver's seat, 66 00:04:20.519 --> 00:04:25.560 the production release of water Pilot is actually several months 67 00:04:25.560 --> 00:04:28.920 behind what people experience on a road tax and most 68 00:04:29.600 --> 00:04:31.439 so not Now we have the road tax that was 69 00:04:31.560 --> 00:04:35.720 launched will be provided adding back those elements so that 70 00:04:35.920 --> 00:04:39.800 they will be a step change improvements and the water 71 00:04:39.839 --> 00:04:44.240 Pilot experience or people outside of Worsting. This is really 72 00:04:44.600 --> 00:04:46.040 as you can tell, this is very much sort of 73 00:04:46.040 --> 00:04:49.639 an autonomy. Is the story like we need the We 74 00:04:49.680 --> 00:04:52.160 need the physical product with that which you can dipatonomy. 75 00:04:52.199 --> 00:04:54.319 But once you have a physical product, you need the 76 00:04:54.720 --> 00:04:59.600 autonomy is what amplifies the value to stratospheric levels. You 77 00:04:59.639 --> 00:05:02.360 also launched the Tesla dina, which has been a huge hit. 78 00:05:03.079 --> 00:05:05.759 Actually got world wide attention, which is unusual for a 79 00:05:05.839 --> 00:05:09.639 dina that is don't typically get headline news around Earth. 80 00:05:10.240 --> 00:05:12.879 But this is a pretty special dynas and if you're 81 00:05:12.879 --> 00:05:16.600 in the LA area, it's worth visitting. It's sort of 82 00:05:16.600 --> 00:05:21.759 a shiny beacon of hope and otherwise sort of leap 83 00:05:21.839 --> 00:05:24.800 up and landscape rightly. So it's really quite quite a 84 00:05:24.839 --> 00:05:28.000 lovely experience where don't played. There's little team there up 85 00:05:28.040 --> 00:05:31.199 on the pulls up garbage front. Continue to work about that. 86 00:05:32.639 --> 00:05:35.920 We have. We're continuing to make significant improvements just with 87 00:05:36.040 --> 00:05:42.399 the software. So the we're expecting to increase the parameter account. Actually, 88 00:05:42.399 --> 00:05:44.680 at this point, I think we think we can probably 89 00:05:44.800 --> 00:05:48.439 ten x that almost tax the Pepper prim Yeah, roughly 90 00:05:48.879 --> 00:05:52.600 roughly ten x the prim account. So this is actually 91 00:05:52.600 --> 00:05:55.160 a very tricky thing to do because if you as 92 00:05:55.199 --> 00:05:57.720 you increase criameter account, you get you get to choke 93 00:05:57.839 --> 00:06:01.920 on every bad wind. But we currently think we can 94 00:06:02.560 --> 00:06:06.920 tenext the parameter count from what people are currently experiencing. 95 00:06:07.519 --> 00:06:10.839 That's that's not just support x, actually ten x increasing 96 00:06:11.040 --> 00:06:15.560 in primary account. And yeah, so that's still a lot 97 00:06:15.600 --> 00:06:19.000 of improvement on the existing artware. To happen. Energy is 98 00:06:19.040 --> 00:06:23.519 growing really well despite edwards from tariffs and spirit suppliettery 99 00:06:23.639 --> 00:06:28.839 jodges the very package bagistic quickly and how we have 100 00:06:29.040 --> 00:06:31.920 ouprates the bagapact that will make it even better. And 101 00:06:32.040 --> 00:06:35.000 we had red board our powerful to plates and dat 102 00:06:35.120 --> 00:06:40.800 H two. So where I think bat batteries are just 103 00:06:40.879 --> 00:06:44.879 going to be a massive thing, that that the scale 104 00:06:44.879 --> 00:06:49.240 of batteries battery deman is, I think not that many 105 00:06:49.399 --> 00:06:53.920 people appreciate just how gigantic the scale of battery man is. 106 00:06:54.600 --> 00:06:56.639 The way you think about it is that the US 107 00:06:56.879 --> 00:07:00.120 sustained power output of the U S grid is on 108 00:07:00.279 --> 00:07:03.879 one terrat wet, but average usage is less than half 109 00:07:04.040 --> 00:07:06.800 at tarot wet. If you add batteries to the mix, 110 00:07:07.079 --> 00:07:10.240 you can run the power plants twenty four to seven 111 00:07:10.319 --> 00:07:14.759 ex soul capacity. That's double a more than doubling the 112 00:07:15.079 --> 00:07:19.240 energy output per year of the United States just with batteries. 113 00:07:19.800 --> 00:07:22.160 But that's again big deal. It's a really big deal. 114 00:07:22.720 --> 00:07:27.959 Optimist to what we're revolving the optimist design to really 115 00:07:27.959 --> 00:07:30.399 get an optimist at the point where it is a 116 00:07:30.519 --> 00:07:34.040 phenomenal design to pur an optimist Version two right now 117 00:07:34.360 --> 00:07:35.160 sort of two and a half. 118 00:07:36.079 --> 00:07:38.879 Optimus three is if there is an exquisitive design, in 119 00:07:38.959 --> 00:07:42.319 my opinion, there will be an credit. As I've said 120 00:07:42.360 --> 00:07:45.360 many times before, I predicted it will be the biggest 121 00:07:45.360 --> 00:07:49.240 product ever. It's a very hard problem to solve. You 122 00:07:49.360 --> 00:07:53.360 have to design every part of its from physics first principles. 123 00:07:53.920 --> 00:07:57.439 There's nothing that's both the shelf that actually works, so 124 00:07:57.519 --> 00:08:03.959 you're going to design every motor, gear box, par electronics, control, electronics, sensors, 125 00:08:04.800 --> 00:08:12.319 the mechanical elements also got to train optimists to use 126 00:08:12.399 --> 00:08:15.720 its eleven sented sensors with a neural net, but will 127 00:08:15.759 --> 00:08:19.759 be applying the same techniques that we're applied. Or a 128 00:08:19.959 --> 00:08:24.279 car which is essentially a four wheel robot, and optimist 129 00:08:24.439 --> 00:08:27.480 is a robot which arms and legs, so that the 130 00:08:27.680 --> 00:08:32.039 same principles that apply to optimize eight AI inferns are 131 00:08:32.120 --> 00:08:35.519 the car applied to optuments because they are both really 132 00:08:35.600 --> 00:08:39.440 robots in different forms. And Tesla, it is wortant to 133 00:08:40.639 --> 00:08:42.480 know the Tesla is my father best in the world 134 00:08:42.559 --> 00:08:47.279 at real world AI. Like a clear proof point that 135 00:08:47.320 --> 00:08:49.759 would be if you're compared to Tesla to way more 136 00:08:49.799 --> 00:08:52.519 where it's got. You know the car is best doing 137 00:08:52.600 --> 00:08:56.159 with god knows how many sensors, and yet doesn't Google 138 00:08:56.200 --> 00:09:00.799 goodn't AI, Yes, but they're not good at real best 139 00:09:00.840 --> 00:09:05.159 part the Tesla is actually much better than Google by 140 00:09:05.279 --> 00:09:09.879 far and any much anyone at real world and and 141 00:09:10.000 --> 00:09:14.879 I and by far, Chesla has the best infernce efficiency. 142 00:09:16.159 --> 00:09:19.720 Like I think a key for AI is what is 143 00:09:19.759 --> 00:09:24.279 the intelligence per gigabytes? People know about parameters blah blah blah, 144 00:09:24.279 --> 00:09:29.240 but I think, but about toil about gigabytes because with 145 00:09:29.320 --> 00:09:32.480 the parameters can have four bit parameters, eight bit parameters, 146 00:09:32.519 --> 00:09:35.799 sixteen bit parameters. But the actual constraints in the hardware 147 00:09:35.919 --> 00:09:40.159 are how many gig bytes run and how many gigabytes 148 00:09:40.200 --> 00:09:43.200 per second he transfer from. Therefore, it is not the 149 00:09:43.240 --> 00:09:47.720 parameters straight, there's it isn't there's a byte straight And 150 00:09:48.120 --> 00:09:53.320 Tesla has the highest intelligence density of any ANI by far, 151 00:09:53.879 --> 00:09:55.360 and I have a lot of insight this with with 152 00:09:55.600 --> 00:09:59.440 x Ai. Xai is grock is the smartest of the 153 00:09:59.559 --> 00:10:03.159 I over but it's a BROP four is a giant 154 00:10:03.240 --> 00:10:08.080 beast there with the terrorbyte levels. And that's kind of 155 00:10:08.159 --> 00:10:10.039 an important to know. It telles that has the best 156 00:10:10.600 --> 00:10:13.840 collegian students intelligents density will be a very big deal 157 00:10:13.879 --> 00:10:17.799 of the future. It is no so with Optimus three, 158 00:10:18.559 --> 00:10:20.519 which is really the right design, it's like it doesn't 159 00:10:20.559 --> 00:10:24.120 happen at this point, there's no there's a SIGNI think 160 00:10:24.159 --> 00:10:28.720 claws would be Octimist three design, but we are going 161 00:10:28.799 --> 00:10:31.240 to retool a bunch of things, so it's it'll probably 162 00:10:31.279 --> 00:10:35.360 be prototypes of Optimist three end this year and then 163 00:10:35.440 --> 00:10:37.840 scale production next year. We're going to try to scale 164 00:10:37.879 --> 00:10:41.480 Optimist production as fast as it's seemingly possible to do. So, 165 00:10:41.679 --> 00:10:44.279 try to get two million units a year as quickly 166 00:10:44.279 --> 00:10:47.000 as possible. We think they give them less than five years. 167 00:10:47.879 --> 00:10:52.360 That's I guess that that's a reasonable aspiration. Is the 168 00:10:52.519 --> 00:10:56.000 million units a year five years? It seems like an 169 00:10:56.039 --> 00:11:00.519 indieval tarry A conclusion. So four twenty White has been 170 00:11:01.080 --> 00:11:05.240 breaks a year. A lot of major monstudents made clear 171 00:11:05.720 --> 00:11:09.399 launch progress in autonomy that a lot of Masaya said 172 00:11:09.440 --> 00:11:13.039 we would not achieve. It's worth noting that the we 173 00:11:13.159 --> 00:11:15.720 have done what we said we're going to do, and 174 00:11:15.840 --> 00:11:18.480 they were always on time. But we get it done 175 00:11:18.960 --> 00:11:23.519 and there sitting there with egg on their face. So great, great, 176 00:11:23.559 --> 00:11:27.120 great progress by it tells the team, Yeah, I do 177 00:11:27.240 --> 00:11:31.879 think it tells continues to execute well with big autonomy 178 00:11:33.000 --> 00:11:37.720 and and the humor or what autonomy, it will be 179 00:11:37.919 --> 00:11:40.919 the most valuable helping in the world. There's a lot 180 00:11:40.960 --> 00:11:43.200 of execution between year and there. It doesn't just happen, 181 00:11:44.399 --> 00:11:50.519 it's about it excute very well. I think Tessant hasn't 182 00:11:50.519 --> 00:11:54.039 shown it being most company in the world obviously, I'm 183 00:11:54.120 --> 00:11:57.919 stremely optimistic about future of company. Best way to break 184 00:11:57.960 --> 00:12:00.720 the futurist and make it happen maging. It happened here 185 00:12:00.759 --> 00:12:03.679 with those team. So I'd just like to say thanks 186 00:12:03.720 --> 00:12:06.120 to one of our supporters, and I think we're get 187 00:12:06.200 --> 00:12:09.879 to tell you incredibly exciting future. I think it's it'll 188 00:12:09.879 --> 00:12:13.440 be available for vice personal use by the end of 189 00:12:13.440 --> 00:12:17.200 this year and certain geographies. We're just being very careful 190 00:12:17.240 --> 00:12:19.279 about it and we're just being extremely partner. But I 191 00:12:19.519 --> 00:12:22.639 would be a copy of that by the others year 192 00:12:23.039 --> 00:12:26.440 within a number of cities in the US. We will, 193 00:12:26.600 --> 00:12:31.159 we will, It'll be available to edge users like the Optimist. 194 00:12:31.240 --> 00:12:33.759 Optimist three design, as I mentioned earlier, is I think 195 00:12:33.840 --> 00:12:36.200 finally the right design. They'll wait for the optimizations, but 196 00:12:36.279 --> 00:12:39.159 they're will. I think they're fundantal changes too that are needed. 197 00:12:39.279 --> 00:12:41.399 Over the Optimist three design. It has all the degrees 198 00:12:41.519 --> 00:12:47.840 breedom that you really want or need, so it's you. 199 00:12:47.960 --> 00:12:51.759 I'll have bonotypes of that and three three months and 200 00:12:51.840 --> 00:12:57.080 means suctually in production postimply start production on that next 201 00:12:57.159 --> 00:13:01.960 year the production round. Simple stories conflict the s cove 202 00:13:02.320 --> 00:13:06.159 up your production around. Something is got an entire when 203 00:13:06.200 --> 00:13:10.080 everything is new, because the rate of production will move 204 00:13:10.120 --> 00:13:13.519 this fast is the least lucky and least confident elements 205 00:13:13.600 --> 00:13:17.960 of the entire supply chain, as well as internal processes. 206 00:13:18.600 --> 00:13:21.240 So the more new STU that is a in a product, 207 00:13:21.799 --> 00:13:25.440 the slower than the rank could be because of unexpected 208 00:13:25.600 --> 00:13:29.919 supply chain interruptions or mistakes internally. Especially using it to 209 00:13:29.960 --> 00:13:34.120 predict through the end of the of the escove or 210 00:13:34.279 --> 00:13:36.200 or late in the S curve. In the beginning of 211 00:13:36.240 --> 00:13:39.320 the ESCO and the beginning of the ESCO of the 212 00:13:39.360 --> 00:13:43.080 production round is a case not really materials for revenue purposes. 213 00:13:43.919 --> 00:13:49.679 The beginning of the ESCO, you're usually yours negative course, Morgan, 214 00:13:50.320 --> 00:13:54.320 you're debuting amount of issues. So that's why it's it's 215 00:13:54.639 --> 00:13:59.000 I feel like fairly confident predicting things. Well, please medium 216 00:13:59.039 --> 00:14:02.720 confident in predicting where we are five years, but it's 217 00:14:02.799 --> 00:14:05.399 hard ricked where we are in a year or two years. 218 00:14:06.480 --> 00:14:10.200 So that's why I think five year us I think 219 00:14:10.919 --> 00:14:14.200 it could be at the living with our be surprised 220 00:14:14.440 --> 00:14:17.320 at the end of five years, sixty months from now 221 00:14:17.399 --> 00:14:22.000 get three online roughly making one hundred thousand Optimus robots 222 00:14:22.159 --> 00:14:27.559 in month in sixty months, I would be shocked, I think, obviously. Yeah, 223 00:14:28.159 --> 00:14:30.759 we're a publicly treaded company. Sure Holders are welcome to 224 00:14:30.799 --> 00:14:34.679 put forward any shareholder proposals that they'd like. I recently 225 00:14:34.879 --> 00:14:39.559 encouraged that, and then have shareholders vote and we'll act 226 00:14:39.639 --> 00:14:43.039 in accordance with the shareholder wishes. Great. Yeah, there's a 227 00:14:43.039 --> 00:14:45.360 lot of exciting things happening in the science studio. It's 228 00:14:45.600 --> 00:14:48.080 like static and really what's going to happen over the 229 00:14:48.919 --> 00:14:51.639 next to several years is a fundamental transformation of the 230 00:14:51.679 --> 00:14:56.159 company from the pre asolomy world to a post autonomy 231 00:14:56.759 --> 00:14:59.440 and I'm working on a near master plan to articulately 232 00:14:59.600 --> 00:15:03.320 that tells the team and you know there will there 233 00:15:03.360 --> 00:15:05.919 will be there are some teething pains as you as 234 00:15:05.960 --> 00:15:09.440 you transition from pre pre aufineries vote autonomy world, but 235 00:15:10.559 --> 00:15:13.759 I think that the future tells it is incredibly exciting 236 00:15:14.759 --> 00:15:17.039 and will profoundly change the world in a good way. 237 00:15:17.960 --> 00:15:22.200 Please sound like fiable whatever, but I think we'll let's 238 00:15:22.200 --> 00:15:24.919 just say if we execute on that plan effectively, which 239 00:15:24.960 --> 00:15:27.159 is you have to actually do that because it will 240 00:15:27.159 --> 00:15:28.919 be the most vaguable company in the world by far. 241 00:15:29.759 --> 00:15:35.399 Are two. We expect to have Dojo to operating scale 242 00:15:35.679 --> 00:15:40.120 SubTime next year, with scale being somewhere around one hundred 243 00:15:40.200 --> 00:15:44.399 k a twelve hundred equivalents. And AI five, which is 244 00:15:44.480 --> 00:15:51.399 really it's spectacular use those words likely spectacular to the 245 00:15:51.480 --> 00:15:56.639 A five Childen being hope hopefully be buying production around 246 00:15:56.720 --> 00:15:59.360 the end of next year, but that has a lot 247 00:15:59.399 --> 00:16:02.960 of potential. I think, you know, thinking about DOJOH three 248 00:16:03.840 --> 00:16:08.480 and the AI six birdst chip, it seems like, intuitively 249 00:16:09.240 --> 00:16:12.879 we want to try to find conbudgets there where it's 250 00:16:13.879 --> 00:16:17.879 basically the same chip that is used what were you used, 251 00:16:17.879 --> 00:16:21.159 say two of them in a car or an optimist 252 00:16:22.240 --> 00:16:26.799 and maybe a large a number on board account of 253 00:16:28.080 --> 00:16:29.879 by twelve and AB or something like that. If you 254 00:16:29.960 --> 00:16:35.200 want highbands communication between the chips out of course serving 255 00:16:36.080 --> 00:16:39.840 they're drink it bird serving. That sort of seems like 256 00:16:39.919 --> 00:16:41.360 intuitively the sansful way to go. 257 00:16:42.000 --> 00:16:47.879 Yeah, well, the the cybercap is which is really optimized 258 00:16:48.000 --> 00:16:53.000 for autonomy that that I think has got probably somebody's 259 00:16:53.000 --> 00:16:56.840 sent per mile potential over time by betweenty five. 260 00:16:58.039 --> 00:17:01.360 You know, it's really like if you design a car 261 00:17:01.480 --> 00:17:08.119 from scratched to be a cost optimized robotic taxi like 262 00:17:08.200 --> 00:17:13.319 Cybercap like for example, we're not trying to make it, 263 00:17:14.000 --> 00:17:17.200 you know, corner like a look incredibly well like a 264 00:17:17.240 --> 00:17:20.400 Model three would, or modeless or even mall way like 265 00:17:20.519 --> 00:17:24.920 it's got moddel all about all about. Cars that are 266 00:17:24.960 --> 00:17:27.839 driven by people are super fun drive. They've got incredible acceleration, 267 00:17:28.599 --> 00:17:33.519 you know, the incredible cornering capability. But not ben We're 268 00:17:33.559 --> 00:17:37.039 confident that very few people and a cybercap want to 269 00:17:37.079 --> 00:17:40.039 be totaling around. So you know, so we were we 270 00:17:41.160 --> 00:17:44.519 produce the top end speed, which means we can use 271 00:17:44.559 --> 00:17:47.920 more efficient tires, we don't use as much acceleration, we 272 00:17:48.000 --> 00:17:51.680 don't use as much you know, big big brake system. 273 00:17:52.000 --> 00:17:54.599 We won't want stopping distance, but we're not expecting it 274 00:17:54.680 --> 00:17:57.319 to be heavily used. If it's it's a gentle right. 275 00:17:57.440 --> 00:18:03.000 Essentially you designed for a ride and then you you 276 00:18:03.079 --> 00:18:07.160 have am that much optimized optimized asign point. So that 277 00:18:07.279 --> 00:18:12.359 that's why it timpts probably achieve that, especially optim optimuses, 278 00:18:12.839 --> 00:18:15.640 you know, so asserving you cleaning up the car and 279 00:18:15.880 --> 00:18:22.440 make doing maintenance and stuff. It's during automatic charging, so 280 00:18:22.799 --> 00:18:26.279 I think it's gonna actual cost for a mile of 281 00:18:26.920 --> 00:18:30.000 cyber cab will be very low. The cost for a 282 00:18:30.039 --> 00:18:33.200 while our existing I fee will be higher but still 283 00:18:33.359 --> 00:18:38.759 very competing. So breviously number of fifty sets and discussing, Yeah, 284 00:18:39.359 --> 00:18:42.880 this really fills road taxically. It will build from tiny 285 00:18:43.039 --> 00:18:47.880 to gigantic in terms of operations in pretty short period 286 00:18:47.920 --> 00:18:52.160 of time. Like my guess is there. It has material 287 00:18:52.200 --> 00:18:56.359 impact on our financials around the end of next year. 288 00:18:57.000 --> 00:18:59.880 Yeah that that that is a major CONSERVETI as I 289 00:19:00.160 --> 00:19:03.359 mentioned in the past, and I hope that is addressed 290 00:19:03.359 --> 00:19:06.759 to the upcoming shareholders meeting. But yeah, this is a 291 00:19:06.799 --> 00:19:08.599 big deal. Like you know, I want to find that 292 00:19:08.839 --> 00:19:11.039 I've bet like so a little control that I can 293 00:19:11.119 --> 00:19:14.519 usually be ousted by active as shareholders after having bolts 294 00:19:14.799 --> 00:19:18.400 you know these all if you're going robots. I think 295 00:19:18.480 --> 00:19:22.279 that as I mentioned before, I think my control of 296 00:19:22.319 --> 00:19:25.240 Hotaila should be enough to ensure that it goes in 297 00:19:25.279 --> 00:19:28.079 a good direction, but not so much control that I 298 00:19:28.160 --> 00:19:30.640 can't be thrown out if I go crazy. Yes, it's 299 00:19:30.640 --> 00:19:31.799 a bit of a tough thing because like when we 300 00:19:31.920 --> 00:19:35.720 do an aid. We find that some was literally done 301 00:19:35.799 --> 00:19:39.079 it pray by bray examination of our slightes everything we say, 302 00:19:39.519 --> 00:19:43.680 and they're coveyos. So you know of say like, well, 303 00:19:44.519 --> 00:19:48.440 what's the traidal. It does help with's recruiting, but then 304 00:19:49.440 --> 00:19:53.480 competitors look break clessly in coveyots. I mean that said 305 00:19:53.519 --> 00:19:55.759 we should probably I mean, I guess we could consider 306 00:19:55.920 --> 00:20:00.119 the shareholder beginning to be sort of an A can 307 00:20:00.160 --> 00:20:02.759 do if we can maybe go to depth, some solid 308 00:20:02.799 --> 00:20:05.759 amount of depth at the ill share Older meeting with 309 00:20:05.880 --> 00:20:10.279 respect to Optimus and a AI and that sort of 310 00:20:10.799 --> 00:20:14.559 our chip chip stuff. Perhaps, Yeah, the test also really 311 00:20:14.759 --> 00:20:17.079 underrated in terms of a chip design as well as 312 00:20:17.119 --> 00:20:21.400 AI software. So like there's a whole lot that chip 313 00:20:21.559 --> 00:20:23.759 that we were that that exists that we will prefer 314 00:20:23.839 --> 00:20:26.759 to bringing our car, that is, ANYI chip that then 315 00:20:27.279 --> 00:20:29.279 we would prefer to putting the car over our own. 316 00:20:29.720 --> 00:20:32.640 And even though it's been now out for several years 317 00:20:33.519 --> 00:20:37.160 and recognan that the air bike chip will be for 318 00:20:37.240 --> 00:20:41.319 a Vale game tream, in fact, it's it's so powerfully 319 00:20:41.359 --> 00:20:45.319 we'll have to interurb it or sun grief or pockets 320 00:20:45.319 --> 00:20:47.960 outside of the rings because it flows weary past the 321 00:20:48.400 --> 00:20:52.480 export restrictions. So let'sten export restrictions change. We actually will 322 00:20:52.519 --> 00:20:55.240 have to know if our ai bib ship is look 323 00:20:55.359 --> 00:20:58.559 kind of where hopefully list hopefully we keep raising the 324 00:20:58.640 --> 00:21:03.119 bar and the other way the kids bit silly. We'll 325 00:21:03.160 --> 00:21:06.119 have a bunch of Optimist robots on stage at the 326 00:21:06.559 --> 00:21:09.759 shareholder meeting. The Optimist lab is cool to see. It 327 00:21:09.839 --> 00:21:12.000 looks like it basically looks like the state of Westwold 328 00:21:12.519 --> 00:21:16.759 get robots in various stages, some of them, you know, 329 00:21:17.799 --> 00:21:20.559 in various stages of prepared, like I don't know. It's 330 00:21:20.720 --> 00:21:25.599 some combination of like the tattooing Chukyard and the and 331 00:21:25.720 --> 00:21:31.400 West Wolds. It's pretty cool. An octopus is walking around 332 00:21:31.559 --> 00:21:35.799 the office here in polls there are twenty four seven 333 00:21:35.920 --> 00:21:38.720 is just walking around like it's small, I think. And 334 00:21:38.880 --> 00:21:42.759 we're so optimistic, you know the t A diners that 335 00:21:42.839 --> 00:21:46.799 we're bub born. Yeah, so it's we'll go for a 336 00:21:46.880 --> 00:21:50.200 world where robots are rare to where they're so common 337 00:21:50.240 --> 00:21:53.359 that you don't even look up. Okay, we haven't really 338 00:21:53.400 --> 00:21:55.920 thought hard about that. We need to make sure it 339 00:21:56.000 --> 00:21:58.839 works when the bagels are pull the under our control 340 00:21:59.640 --> 00:22:01.400 and it's kind of one step at a time. Here 341 00:22:01.440 --> 00:22:03.559 we don't want to jump the gun. As I said, 342 00:22:03.559 --> 00:22:06.720 we're doing parallered about safety. So so it's just like 343 00:22:08.000 --> 00:22:12.559 but I guess, I guess like next year, I'd say 344 00:22:12.839 --> 00:22:14.799 competently next year. I'm not sure when next year, but 345 00:22:15.279 --> 00:22:18.759 competently next year. People who will be able to add 346 00:22:18.759 --> 00:22:22.240 to subtract their part to the Testla fleet. I'm just 347 00:22:22.279 --> 00:22:25.759 like at their bab or ing prossible well as seem 348 00:22:25.759 --> 00:22:29.279 as there is a clear cash blow stream associated with 349 00:22:29.400 --> 00:22:32.720 any any product that you can get finance it. Most 350 00:22:32.720 --> 00:22:35.799 people still done there the master yard. People don't know 351 00:22:35.839 --> 00:22:40.359 it exists, and it's still like half of Tesla owners 352 00:22:40.400 --> 00:22:43.680 who could use it, I haven't tried it even once 353 00:22:44.519 --> 00:22:47.480 this They don't actually rely as this is something we 354 00:22:47.559 --> 00:22:51.559 want to educate them on. So we've got to. When 355 00:22:51.559 --> 00:22:54.160 they come in for service, we'll reach out to them, 356 00:22:54.400 --> 00:22:56.559 send them like videos of how to make the work 357 00:22:57.279 --> 00:23:00.880 and most much it's it's such a shocking thing. They 358 00:23:00.880 --> 00:23:03.440 don't think a car is capable of this. So you 359 00:23:03.519 --> 00:23:06.480 have Jack, you have just show them and get them comfortable. 360 00:23:06.799 --> 00:23:10.400 Alternally don't know if it's so trivial, but it's it's 361 00:23:10.440 --> 00:23:13.119 like saying you've got a Canada sing a dance, but 362 00:23:13.240 --> 00:23:16.279 it just looked like an old cat. They're like, you know, 363 00:23:16.519 --> 00:23:18.480 until you see the cat sing a dance and talk 364 00:23:19.240 --> 00:23:23.680 like your series just a cat, that's that's tes I see. 365 00:23:24.200 --> 00:23:28.039 Our car is intelligence. Well, we're in this like weird 366 00:23:28.119 --> 00:23:30.519 transition period where we will lose a lot of intatus 367 00:23:30.519 --> 00:23:33.160 in the US. Incentives actually ready other parts of the world, 368 00:23:33.240 --> 00:23:35.680 but roll is them in the US, and it will 369 00:23:35.720 --> 00:23:39.920 still have at the relative early stages of autonomy. On 370 00:23:40.039 --> 00:23:43.119 the other autonomy is most advanced and most available from 371 00:23:43.160 --> 00:23:47.000 a regulatory standpoint in the US. So I mean, does 372 00:23:47.039 --> 00:23:50.319 that mean like we could have a few rough quarters. Yeah, 373 00:23:50.559 --> 00:23:53.279 we probably could have a few rough quarters. And I'm 374 00:23:53.279 --> 00:23:55.519 not saying the world, but we could Q you know, 375 00:23:55.640 --> 00:23:58.640 Q four, Q one, maybe Q two. But once you 376 00:23:58.720 --> 00:24:01.880 get to autonomy at scale in the second hand of 377 00:24:02.039 --> 00:24:04.640 half of next year, certainly by the end of next year, 378 00:24:05.359 --> 00:24:09.519 I think the I'm surprised to the economics, I'm not 379 00:24:10.200 --> 00:24:14.799 very simpellent because it's just a model. Why they look 380 00:24:14.839 --> 00:24:16.920 the cat out of the back there dancing cut that 381 00:24:16.960 --> 00:24:19.240 consilingly bess, But it can be. It can talk and think. 382 00:24:19.599 --> 00:24:23.200 But that's the cool part yeah, I mean the fundamentally, 383 00:24:23.279 --> 00:24:26.319 the biggest obstacle remains that people just don't happen. Some 384 00:24:26.400 --> 00:24:29.160 of the people don't know that. The desire to buy 385 00:24:29.200 --> 00:24:31.799 the car is very high. Just people don't have enough 386 00:24:31.880 --> 00:24:34.599 money in their bad account to buy it. Literally, that 387 00:24:34.759 --> 00:24:38.200 is the issue, not a lack of desire, but lack body. 388 00:24:38.519 --> 00:24:40.880 So the more affordable we can make the car, the 389 00:24:40.920 --> 00:24:43.359 better I think it's gonna be. It will be a 390 00:24:43.440 --> 00:24:46.480 very big deal when people can release their car to 391 00:24:46.599 --> 00:24:48.839 the fleet and have it earned money for them, which, 392 00:24:49.160 --> 00:24:52.160 like I said, i'm big. I feel confident saying that 393 00:24:52.200 --> 00:24:54.200 will happen next year in the US at least, and 394 00:24:54.480 --> 00:24:59.440 in the US where we're legally allowed, you appropriate displayers 395 00:25:00.079 --> 00:25:03.400 and they'll make the affordability dramatically greater, just like you know, 396 00:25:03.720 --> 00:25:07.880 if you have Airbnb and you ran out your home 397 00:25:07.920 --> 00:25:10.160 when you're not there, or ran out of a guest 398 00:25:10.240 --> 00:25:12.839 room or guest house or something like that, you're the 399 00:25:12.880 --> 00:25:15.119 affordabilit if your home is much greater. Well, they are 400 00:25:15.200 --> 00:25:19.279 doing different things here, so you know, the Xai is 401 00:25:19.319 --> 00:25:24.920