Latest / Elon Musk Podcast / Tesla All-Hands | Q1 2025

Transcript

Tesla All-Hands | Q1 2025 · Elon Musk Podcast

0:02
Hey everybody. Welcome back to the Elon Musk
0:04
Podcast. This is a show where we discuss
0:07
the critical crossroads, The Shape, SpaceX, Tesla X, The
0:11
Boring Company, and Neurolink. And I'm your host, Will Walden.
0:15
If you want uninterrupted episodes of the Elon Musk
0:19
Podcast, please go to clubelon.supercast.com to find
0:24
out how. There's a link in the show
0:26
notes. Our mission is to accelerate the
0:32
world's transition to sustainable energy.
0:36
It's only possible because of the incredible people here at
0:39
Tesla. They are absolutely committed to
0:42
the cause of sustainable energy, and that is why we can do what
0:45
no other company can do. We can make lower cost products
0:54
that are still efficient and compelling, and we can make them
0:56
at scale. We're going to build them all in
0:59
compact and high output factories that are easy for us
1:01
to build quickly. We work together in a way that
1:04
allows us to ask the hard questions.
1:08
This is the product that will retire Fossil.
1:11
Fuels. We're not just creating
1:13
products, we're creating a movement for sustainable energy
1:16
for everyone. What?
1:18
We're trying to convey is a message of hope and optimism.
1:22
Optimism that is based on actual physics.
1:25
Both can and will move to a sustainable energy economy and
1:29
will do so in your lifetime. Solution to scalable FSD is
1:37
getting the architecture, the data and the compute just right
1:41
and we have assembled a world class team to execute on this.
1:48
Every truck that we put on the road that replace the diesel
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trucks makes a huge difference towards driving us towards our
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total mission of sustainable energy and transportation.
1:55
You can see and you can feel the collaboration that's happening
1:59
and the pride that everyone has in working for Tesla.
2:18
All right, well, let me start off first by thanking everyone
2:25
at Tesla for your incredible hard work.
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I mean, the Tesla team is an incredible team, great human
2:33
beings like I mean, anyway, some of the finest people in the
2:38
world work at Tesla designing and manufacturing our incredible
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products. So my thanks to you for
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everything you're doing well done.
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So we're going to go through just a list of the incredible
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achievements of the Tesla team. We've now produced over 7
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million vehicles, 7 million in our in our first year of
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production we, we produced just over 20 vehicles.
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And I thought well, maybe we can be able, we might want to be
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able to do 10 or 20 a week instead of 10 or 20 a year.
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And with the way things are tracking right now, we will
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actually have made over 10 million vehicles next year.
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So we'll pass the 10 million vehicle cumulative.
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That's a lot of cars, man. That's a lot of cars.
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So, so it's it's really and it's incredibly difficult as you
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know, to design, to build, to manage the supply chain with
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thousands of suppliers, make sure everything arrives, you've
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got 10s of thousands of parts, make sure everything works, then
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build the car, service the car and it's it's it's really
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difficult. I mean this frankly, the car
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business is a tough, a tough business.
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So but the, the, and you know, there are times when there are
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rocky moments, like things are sort of like a little bit of
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stormy weather. But what I'm here to tell you is
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that the future is incredibly bright and exciting and we're
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going to do things that no one I think has even dreamed of.
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You know what we've said we're going to do it, but I think
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until we actually do it, people won't believe just how
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incredible it is. So I'm going to go through all
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of the things that that we're accomplishing here.
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So once again, thank you very much.
4:47
So, you know, it's worth noting that Tesla remains of the
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company of choice for people to work for.
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So we get millions of applications per year for a very
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small number of spots. And we continue to be the the
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leading organization along with SpaceX for engineering talent in
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the world and also for manufacturing talent really for
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it's like it's an awesome place to work basically.
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And we're because of our growth, there's a lot of opportunity for
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upward mobility. And I'm going to talk you
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through just you know, how I see the future unfolding and why I
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think it is going to be incredible.
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So first of all, as always, we care a lot about safety.
5:39
So the safety of our cars and the safety of people within the
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factory. So you can see that our work
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related injuries have declined over time.
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So thank you for helping make that happen.
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That's a collaborative effort. So congratulations to the safety
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team on continuing to improve workplace safety.
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So one of the things that may seem like how do you, how do you
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pull it all together is, you know, where does AI and robots
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fit in this sort of sustainable energy picture?
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Like, is that just like some weird side project or, or what
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you know, but it's, it's because what we're really aiming for
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here is maybe a better way to think about rather than
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sustainable energy is sustainable abundance for all.
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So if you think about like what is the future that would what's
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what's the most exciting future that you could possibly imagine?
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Like what does that future look like?
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It's worth thinking about that. Just just think, just in, just
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just imagine a future. What does that that amazing
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future look like? How about a future where you can
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have any good or service you want at will?
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A future of abundance for all where really anyone can have
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anything. It sounds impossible.
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It sounds like it's really such a thing cannot be the case.
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But what I'm here to tell you is that that will indeed be the
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case. That the future we're headed for
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is 1 where you can literally just have anything you want.
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Like if there's a go to service you want, you'll be able to have
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it and and ultimately everyone in the world will be able to
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have anything they want. What's key to that is robotics
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and AI. So once you have self driving
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cars and you have autonomous humanoid robots where everyone
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can have their own personal C3PO and R2D2, but even better than
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that, that's Optimus. You can imagine like your own
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personal robot buddy that is a great friend, but also takes
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care of your house, will clean your house, will mow the lawn,
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will walk the dog, will teach your kids, will babysit and,
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and, and will also also enable the production of goods and
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services basically with no limit.
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And when you combine that with sustainable energy from the sun
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and batteries, we can also at the same time also maintain a
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great environment. So that's I think is the future
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that we that we want a future where nobody's nobody's in need.
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You can have what you want and we still, but we still have
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nature. We still have, you know, the,
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the beautiful parts of nature that that we like.
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I think that's probably the best future.
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I can't, I was like, what other future would you want?
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I think that's like the cool future.
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And also space travel. Let's not forget that.
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So if you can have basically anything you want and travel to
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space and go to Mars, and that would be that's about as good as
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I guess, you know, it's like that's it.
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So that's really what we're trying to do is take the set of
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actions most likely to lead to a great future for all.
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So that's what I mean by sustainable abundance and the,
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the, the combination of things that we're making with Optimus
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and AI and AI compute will achieve an age of abundance for
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all. Like actually, so it's going to
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be pretty great. Model Y became the best selling,
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you know, vehicle in the world, you know, FYI, we do make the
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best, you know. You know, it's, it's how we're
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doing our popularity. Well, we actually literally make
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the best selling car on earth of any kind.
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So that's ends for two years in a row.
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So and it's going to be the best selling car on earth again this
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year. So the Cyber truck became the
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best selling electric vehicle pickup instantly because it's
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awesome. And Tesla was the best selling
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electric vehicle in Europe, the fastest growing brand in South
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Korea. And we launched in a lot of new
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markets including Qatar, Lithuania, Chile, and the
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Philippines. And we'll be opening in a whole
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bunch more markets as well. So Tesla's will be available
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worldwide. So overall, you know, it's good.
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If you read the news, it feels like, you know, Armageddon.
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So I was like, I can't walk past the TV without seeing a Tesla on
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fire. And like, what's going on?
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You know, some people that's like, listen, I understand if
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you don't want to buy our product, but you don't have to
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burn it down. That's a bit unreasonable.
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You know, like, like this is psycho.
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Stop being psycho. OK.
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So and we launched the new Model Y Congrats to the team on on
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faster. So you know, that's that's
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obviously very tough because we've got factories all across
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the world and we've got a change over a global, a supply chain on
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333, basically 3 supply chains on three continents.
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And I think you did an amazing job of switching over the
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world's best selling car globally in a in a very short
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period of time. Well done guys.
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And this all forget also we upgraded Model 3 last year.
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So I would encourage people to also buy the model 3.
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It's a great car actually. So and the cyber truck is
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achieved 5 star safety. You know, these these days, you
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know, sometimes things get a little dangerous.
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The neighborhood and the cyber truck being bulletproof and all
12:32
can come in handy. So, but apart from being
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bulletproof, it's also very safe in a crash.
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We're also building the Tesla Semi factory.
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This is a vehicle that some people said was impossible to
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build, that it defied physics. Well, not only does it not defy
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physics, we're going to be making a lot of them.
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So we're going to make just a, you know, I think ultimately
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we'll make over 1,000,000 millions probably of the Tesla
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Semi. And this is really going to be
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something that works. You'll see all over the place.
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And it'll also be autonomous or have the ability to be, to go
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autonomous down the road. So really autonomy is a massive,
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massive thing. The future is autonomous.
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So I always sort of think like, what will the future look like
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in five years or 10 years, 20 years and five years from now?
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Autonomous cars are going to be everywhere, primarily going to
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be Tesla's, by the way, but autonomous Tesla's will be
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everywhere. And I think in five years,
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probably we'll have regulatory approval, I think globally.
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So you'll have autonomous Tesla's on every continent
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taking people on trips, and almost the entire fleet, which
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will pass 10 million vehicles next year, is capable of full
14:08
autonomy. So even without the the cyber
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cab, we still actually have a gigantic fleet that is capable
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of being autonomous. And the thing about being an
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autonomous car is that it can be used much more than a car that
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is not autonomous. A typical passenger vehicle car
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will be used about 10 hours a week.
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So you might use it, who might use it for an hour and a half a
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day on average for seven days, which is about 10 hours a week.
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But there are 168 hours in a week.
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So if you have a car that that's a robot car that can drive
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autonomously, it can now be used potentially for 80, maybe 100
14:45
hours a week. So you could have a car that it
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that has 10 times the usefulness of a non autonomous car, but it
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still costs the same. In fact the fleets are already
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built. So the software update is just
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enables that capability. Overnight you have an increase
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in usefulness of 10 million cars that suddenly become like 50
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million cars or maybe 80 or 100 million cars of usefulness
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overnight. That that's a profound thing.
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Like nothing like that has ever happened before.
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There is no, there is no analogy that there's no nothing is
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there's never been something where a software update
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increased the value of a gigantic asset base by a factor
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of like 500 to 1000%. So it's very difficult for like,
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you know, people in the stock market, especially those that
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look in the rearview mirror, which is most people to imagine
15:49
a future where suddenly a 10 million vehicle fleet has five
15:56
to 10 times the, the usefulness. It's, it's so profound and, and
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there's, there's no comparison with anything in the past that
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they just can't, it does not compute, but it will compute in
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the future. And some people like Kathy Wood
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at Arc Invest do see the future. So what I'm saying is hang on to
16:20
your stock. So, so yeah, it's it's really,
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it's mind blowing. Then I want to give a shout out
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to service. Service is a tough job, an
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important job, and it's actually what sells cars long term, you
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know, because the, the initial car is sold with sales, but all
16:53
future cars are sold with service.
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And I always encourage our service team like, let's try to
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give people a service experience that they love, not merely if
17:02
they like, but that they love because people will talk about
17:04
something that they love. That was an amazing experience.
17:07
But they, they don't talk very much about things that they
17:09
like. You have to really do something
17:11
amazing. And then they'll, they'll,
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they'll talk about it and be like, wow, that's incredible.
17:15
So thank you to the service team for the great job you do.
17:28
And I mean, you can see sort of I like this sort of light map of
17:30
superchargers. You can see you can go
17:33
practically anywhere in, in the US, Mexico, Europe, China most
17:40
well, I guess not the Outback of Australia, but but you know,
17:45
most of the places where people live.
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So our supercharger network continues to grow significantly
17:53
and we keep upgrading our superchargers.
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This is, in fact, I still run into a lot of people who don't
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realize that you can drive, you can take your Tesla on a road
18:01
trip anywhere in America or anywhere in Europe, anywhere,
18:04
pretty much anywhere in China, just using the Tesla
18:07
Supercharger network. And it's actually easy and
18:09
convenient. So people think that they're
18:12
whatever the range of the car is, that's as far as they can
18:14
go. Like, no, you can just stop at a
18:16
Supercharger network. The car's battery will last
18:19
longer than your bladder. I'm pretty confident.
18:22
So that's really the threshold as long as the car battery lasts
18:25
longer than your bladder and just plug it in when you go to
18:28
the restroom and you come back and, you know, grab a coffee or
18:30
whatever and you're back on the road and everything's good, then
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that's the range that matters and the supercharging speed that
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matters. So, yes, so Congrats to the
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Supercharger team on expanding network, do great, great work
18:46
there, So. And then the, I mean the Mega
18:56
Pack and Powerwall team are really knocking it out of the
18:58
park. The demand for BAT for
19:00
stationary battery storage is gigantic.
19:03
And I think that is actually only going to increase
19:06
dramatically over time. So and that the, we've got the
19:11
Shanghai Mega Factory that's got started in record time in
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February can drag. Congrats to the Shanghai factory
19:17
team there. That's awesome.
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And the Powerwall 3 is, it usually takes, it usually takes
19:28
about three major technology iterations for the product to be
19:31
great. And the Powerwall 3 really is a
19:34
fantastic home energy product. And it's something that if you
19:38
want to have ensure that your home has uninterrupted power
19:41
during a power outage, the Powerwall 3 is the way to go.
19:46
And if you combine that with solar, you can basically be off
19:49
grid, which is pretty cool. But I think just having energy
19:53
insurance like like being or energy assurance, such that if
19:57
the, if the utility goes down, you don't even notice you like
20:02
the lights respond to your house and your neighbors will come to
20:04
you for help. Basically that's actually what
20:07
happens when somebody has a Tesla Powerwall and there's a
20:11
power outage. So that's a, that's a great
20:13
product. And then, yeah, Megapack,
20:16
especially at the utility scale, is that the opportunity there is
20:20
gigantic because it enables a utility grid to dramatically
20:24
increase the output of electricity, because you can,
20:26
you can generate electricity at night and then Megapack can
20:30
provide that electricity during the day because normal
20:33
electricity demand is very uneven.
20:35
There's a lot of electricity usage during the day, but
20:37
limited at night. So Megapack actually has the
20:41
potential to increase the output of an existing electricity grid
20:46
by more than double. So you can actually, without
20:49
building additional power plants, double the total output
20:52
of energy in a year. So it's quite a profound thing.
20:58
Yeah. So Megapack is, is also really
21:01
good at stabilizing the grid. So if there's if there's
21:04
variations in power in the grid, Megapack can absorb if there's a
21:10
big power spike and it can absorb and store the power.
21:13
And then if there's a drop in power, it can fill in the gap.
21:16
So it's a mega pack is excellent for stabilizing grid and
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obviously good. It matches very well with wind
21:25
and solar. In fact, satellites are just
21:31
solar panels and a battery. That's how all satellites work.
21:35
And you know, with the Starling satellite network, there's 7000
21:38
satellites orbiting the Earth and all they use is is solar
21:41
panels and a battery. And my prediction is long term,
21:45
a majority of power on Earth. In fact, eventually it might be
21:51
like 90% or more of all power on Earth will be solar panels with
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batteries. That's my prediction.
21:59
My predictions have pretty good track record, so yeah.
22:07
And the power walls can also act as kind of a virtual grid.
22:11
So if you have thousands of power walls in a neighborhood,
22:13
they can actually work, work in concert to stabilize the grid.
22:18
The V4 supercharger is pretty cool.
22:23
It enables charging at 500 kilowatts and the semi can
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charge at 1.2 megawatts. So it's and it's smaller and
22:32
lighter. It's a big improvement overall
22:35
and we're rolling this out worldwide.
22:37
So it will increase charging speeds and yeah, just enable you
22:42
to get your car charged really fast.
22:44
So, and then with regard to cell manufacturing, we were at this
22:52
point we think we're making the, the, the most efficient cell in
22:58
the world, meaning like the the lowest cost per kWh cell.
23:02
So which is really pretty, pretty good.
23:05
Like their entire companies that all they do is make fat lithium
23:09
ion battery cells. And for, for us that's one of
23:14
many things that we do. So congratulations to the the
23:18
cell team on making the best sell.
23:29
So that's, that's really big deal.
23:33
And then we're we're also investing in the whole battery
23:36
supply chain. So we have cathode production,
23:40
we have lithium refining and and then more, yeah, hopefully we're
23:48
sort of hoping someone else will do the the anode.
23:51
We might have to do the anode. I hope someone else does it.
23:55
Why do we have to do all these things?
23:59
Yeah, a lot of people think like we do this thing, a lot of these
24:01
things because we want to. But really it's often just
24:05
because we didn't have any choice.
24:06
Nobody else was doing it, so we had to do it.
24:08
So, so, yeah, a lot of new factory milestones.
24:14
So in Berlin we produced 660,000 drive units.
24:17
Fremont. We've built our first Optimist
24:20
at the Optimist production line in Fremont.
24:24
We're preparing for Cyber cap production here at Gig Factory
24:27
Austin and Gigafactory Shanghai created its three millionth car.
24:34
We've produced 160,000 NAX adapters at Gigafactory New York
24:39
and we've got record battery pack production at Gigafactory
24:43
Nevada. So Congrats to everyone.
24:54
We also just behind us in the on the South side of the building,
24:59
we have the Tesla, we're called Cortex one.
25:03
It's like basically a giant brain, computer brain that is
25:07
used for AI training. So it's, we take the vast
25:11
amounts of video that we get from all the cars in the fleet
25:14
and we use that to train the artificial intelligence to be
25:16
able to drive the car. And, and this is one of the most
25:20
powerful training systems in the world with over 50,000 GPUs
25:25
active and soon to be 100,000 GPUs, which will make it I think
25:30
probably top five in the world in training centers.
25:42
We're also making continuing to make progress on our Dojo
25:45
training super supercomputer. So we've got to Dojo 1 active
25:51
now in Gigafactory New York and in Palo Alto.
25:54
And it's, it is actually working.
25:56
It's actually taking load on. It's, it's, it's, it's doing a
26:00
meaningful percentage. Well, I guess 5% or whatever,
26:06
but it's still something five, maybe approaching 10% of the
26:10
training load of of the self driving AI is being done by
26:17
Dojo. And then we've got Dojo 2 that's
26:20
coming down the line. That'll be probably 10 times
26:23
better than Dojo 1. And so it's sort of exciting.
26:27
We're making good progress with Dojo.
26:30
I'm increasingly optimistic about the future of Dojo.
26:33
I think it's we got a real shot here at at a breakthrough.
26:37
So Congrats to the Dojo team. And the all, all, all Tesla
26:49
vehicles have now had what we call autopilot hardware for or
26:53
really our AI4 hardware. And it's, it's really, it's very
26:58
powerful AI inference computer and, and, but also operates at
27:04
very low power. And even to this day, even
27:07
though this was a, this has been something we designed several
27:10
years ago, there actually isn't anything on the market that we
27:12
can buy that is better than AI4. So, and obviously in the future
27:16
years, we'll have AI5 and AI6. Sometimes people say, should I
27:20
wait? I'm like, well, Roy's going to
27:22
have another version, so there's no point in waiting because he's
27:25
waiting forever. So but we obviously will have an
27:29
AI5 and an AI6 and an AI7 and we'll keep improving the, the AI
27:34
compute. So for those out there that are
27:36
interested in developing advanced chips, come over to
27:40
Tesla and it, it is always, I think profound to, to watch our
27:50
cars driving with no one in them.
27:52
And we actually have the cars doing useful work for the first
27:57
time with no one in them, which I think is, is really it's a
28:01
significant milestone. So the cars are driving from end
28:05
of line in Fremont to park themselves.
28:08
And I think we've just started doing that here in in Austin.
28:12
So we'll we'll be yeah, this car, the car literally goes from
28:17
Underline in Fremont to to its to its destination parking spot
28:22
where it gets picked up by a truck for delivery to a customer
28:25
with and a good does that with no one in it.
28:27
And it's not doing that all day every day like it, you know,
28:31
pretty much like it's just a matter of fact thing.
28:37
Yeah. So see, yeah.
28:42
And, and obviously for anyone that's using it, you can see the
28:45
dramatic improvements in the in the in full self driving where
28:51
it's getting to the point where interventions are extremely
28:54
rare. And eventually they'll get to
28:56
the point where there really is no need to intervene.
28:59
Like the car is going to be better than human.
29:01
In fact, maybe it's it's it's worth emphasizing that it's not
29:05
that. It's not that Tesla full self
29:07
driving will be equal to humans in safety.
29:10
It will be ultimately 10 times safer than a human because it
29:14
never gets tired. It doesn't you know it like
29:19
humans get tired and sometimes get wasted, you know, and we'll
29:24
have arguments or change the radio or you know, text.
29:28
I know no one in this audience would ever text while driving.
29:31
That would be crazy. But you know it does happen.
29:35
So if so, the reality is that the full self Tesla full self
29:41
driving will be vastly safer than humans, not just
29:45
equivalent, we actually vastly safer.
29:47
And it means you can do whatever you want while driving.
29:49
So even if you don't like rent your car out for usage, you can
29:54
still it frees up your time. So if let's say you're driving
29:58
1012 hours a week or more, it gives you back 11:50 hours of
30:02
your life, which is extremely cool.
30:09
So well, Optimus sure has come a long way.
30:24
So the new Optimus 22° of freedom hand and forearm is now
30:29
in production and it's learning to walk and catch balls.
30:36
It's pretty cool. I mean, like that's where we
30:40
came from. It's wild.
30:42
So in a very short period of time, Optimus has gone from
30:46
being an idea to the most sophisticated humanoid robot on
30:51
Earth. There's nothing, there's nothing
30:54
even close to the level of sophistication of, of Optimus.
30:57
And and Tesla has some important missing ingredients that that
31:02
others don't have, which is our, our robot has a real brain.
31:08
It's like Wizard of Oz to man. But was that a harder brain one
31:12
of the two? So it's got to, it's got the
31:21
it's got the real world AI. So it tells us the leader in
31:24
real world AI, what we learned in the car, we translate to the
31:28
optimist robot and we also translate take the our expertise
31:32
in electric motors, in batteries, power electronics,
31:36
structural design. And then another major important
31:40
thing is that we're very good at manufacturing.
31:43
So in order for robots to be useful that you have to they
31:46
have to be intelligent. They have to be able to do
31:49
useful things just by asking, and you have to be able to make
31:52
a large number of them at an affordable price.
31:55
This is what we can do. We have the only company with
31:59
all the ingredients for making intelligent humanoid robots at
32:03
scale is Tesla. This is a super big deal.
32:08
Like my prediction is that on this front is that Optimus will
32:13
be the biggest product of all time by far.
32:18
Nothing will even be close. It'll be, I think it'll be 10
32:22
times bigger than the next biggest product ever made, like
32:27
that level. So,
32:41
yeah. All right.
32:45
So with that, anybody have any questions?
32:54
Hey, congratulations. Thank you.
32:58
Cool. And we're we're rocket castings.
33:01
We do. Yeah.
33:12
Well, we do want to make, we want to scale up production to
33:17
new heights. Obviously with the with the
33:20
cyber cab, yeah, we're we're going to be cyber cab is it's
33:24
not just revolutionary car design, it's also a
33:26
revolutionary manufacturing process.
33:29
So I guess we probably don't talk about that enough.
33:33
But if you've seen the design of the cyber cab line, it doesn't
33:38
look like a normal car manufacturing line.
33:42
It looks like a really high speed consumer electronics line.
33:46
It's in fact, the line will move so fast that you that actually
33:51
people can't even get close to it.
33:54
Like that's, you know, I, I think it's, it'll be able to
33:57
produce a car ultimately in less than 5 seconds.
34:01
Like can imagine a car coming offline in less than 5 seconds.
34:05
That's, that's like, whoa, which which means casting is going to
34:08
happen fast. Yeah, yeah.
34:11
So we, we got, we got to jam the the liquid metal in, cool it
34:15
down real fast, like real fast. And then I guess maybe we need
34:20
to like just get even bigger casting machines.
34:23
Sure, why not, you know, down yeah, let's 50,000 tons, you
34:30
know, because like then we can make with a single casting
34:33
machine. We could do like 5 at a time or
34:36
something, you know, trying to think like, how do you scale
34:41
castings? Because because you got liquid
34:43
metal, metals got a cool and you've got to automate, you
34:48
know, getting all the bits and pieces off the casting so it's
34:51
usable. And that's actually kind of how
34:55
they do it in like small volume castings.
34:56
They like do have a casting block that'll make like, you
34:59
know, 100 matchbox cars at a time.
35:02
And we just make that a real big.
35:04
Yeah. I mean, we have the cathedral
35:07
casting back there. So yeah, let's do that.
35:13
I mean, like, let's, let's see what what is the limit of what
35:15
is the limit of physics, of how big can a casting machine be?
35:21
Let's find out. I'm gay.
35:23
I'm down. Let's have some let's have some
35:26
fun here. Push the limits of technology.
35:29
All right. Hi Elon, I've been with Tesla
35:32
for the last eight years. It has been the most
35:35
exhilarating 8 years of my career and truly want to thank
35:37
you for your leadership. I also have two.
35:40
Thank you for your contribution. Thank you.
35:42
Thank you for your leadership. I I also have two little girls
35:49
who spend their weekends cruising around and they're very
35:52
awesome. Cyber truck.
35:53
I'd love to know when we can add Optimist to the family.
35:56
Oh yeah, it's a good question. So, so this year we we hopefully
36:02
will be able to make about 5000 optimist robots.
36:07
We're technically we're aiming for enough parts to make 10,000,
36:13
maybe 12,000. But since it's a totally new
36:16
product with totally new, you know, like everything is totally
36:20
new, I'll say like we're succeeding if we get to half of
36:23
the 10th, you know, half the 10,000 now.
36:26
But but even 5000 robots that that's that's the size of a
36:29
Roman legion FY, which is like a little scary thought like a
36:32
whole legion of robots. I'd be like, whoa, yeah, but I
36:37
think we'll, I think we'll literally build a legion, at
36:39
least one legion of robots this year and then probably 10
36:45
legions next year. And I know it's kind of a cool
36:48
unit, you know, units of legion. So probably 50,000 ish next
36:55
year. And then it's probably ready for
36:58
to I'm hopefully ready for optimists to be used outside of
37:03
Tesla controlled environment or maybe around the middle of next
37:06
year, second-half of next year sometime.
37:10
So, so that's I think that's sounds about right.
37:14
Probably second-half of next year is, is when they'll be
37:18
available and then we will offer Optimus robots first to Tesla
37:24
employees. So you guys get the priority.
37:34
There are some pluses and minuses to that, you know,
37:37
because that's probably have a few bugs, but but it's it's
37:42
going to be very cool. You definitely you'll want to
37:45
invite your friends over and say check this out.
37:49
So that's the other questions. Hi, Elon.
37:54
Hey, my name's Dom. I've been here for a little over
37:56
a year now. I work in people development.
37:59
OK, We try to, we make so many amazing things right now.
38:03
It's still the people that do it.
38:04
Yes. When we think about applying
38:06
first principles to the relationships and the teams that
38:11
people have, how would you encourage us to think about that
38:15
and act on those first principles when it comes to
38:18
relationships and teams? Well, I think you know that
38:32
there, there were actually quite a few things I've written over
38:35
the years that it would be good to compile into like AI don't
38:41
know, booklet or something because I actually have to be
38:46
reminded of those things myself. And I'm like, oh, I remember
38:48
that thing that I thought of after making so many mistakes
38:52
and, and trying to make fewer mistakes.
38:56
So, you know, there's like, for example, I'd like 5 step process
38:59
of like make the requirements last time and then try to delete
39:02
the pot and process step only then optimize, only then speed
39:06
it up. And only the first thing is
39:07
automate. I have to repeat that to myself
39:10
many times because I've made the mistake of doing it backwards so
39:12
many times. And, you know, I think always
39:20
operating on the principle that everyone is wrong to some degree
39:25
and we should aspire to be less wrong over time, which will not
39:29
always succeed in doing. But if you know, if two days out
39:34
of three you're less wrong over time, you're going to be your
39:37
batting average is going to be really good.
39:40
So nobody ever bats 1000, but you can improve your batting
39:42
average. So I think rigorous, you know,
39:49
you want to critique yourself, you want to internalize
39:51
responsibility. And these are all things I need
39:55
to remind myself of. You know, just to be clear, I'm
39:57
not like suggesting I internalize responsibility.
40:03
You're less wrong. And and we should remember what
40:08
we should remember. What is our What is our goal as
40:10
a company? Our goal is to make amazing
40:12
products that people love. And then to take care of those
40:15
products, service. So we should say, what are we
40:17
doing to make our products better, to make them more
40:21
affordable, to have the customer experience be delightful because
40:29
that's actually the purpose of a company.
40:31
So as people get, why does a company exist?
40:33
A company exists, it's a group of people collected together to
40:37
produce a compelling product or service that others find useful
40:42
and where the value of the product and service is greater
40:47
than the cost of what it took to make that product to service.
40:51
So sometimes weirdly, profit is like viewed negatively, but
40:54
really profit is, is, is just the, the, the difference in
40:58
value between the output and the input.
41:01
It's like, what are the cost you to make it and what are the cost
41:04
you and what are people prepared to, to pay for it?
41:07
That's the value that you created.
41:09
So it's, it's tough actually even to maintain like a 10%
41:15
profitability, which is to make the make the output 10% more
41:19
valuable than the input. It's actually quite hard,
41:22
especially in the car industry, which is very competitive.
41:26
So we're just not least sight of like, why are we here?
41:29
We're here to make useful products that people love, you
41:32
know, and, and take care of the cake, take care of over time.
41:35
So then how we're doing in that respect and how can we, how can
41:38
we do that better? So sure,
41:52
what advice would you give? What advice would you give a
41:55
young person like getting into the stock market like, oh, huh,
41:59
stock advice. Wow.
42:00
Yes, Sir, yes, Sir. As, as I, as I think people can
42:05
can perhaps tell who are watching this, these, these,
42:08
these questions are not prepared in advance.
42:13
This is literally random questions from the crowd, which
42:16
is cool. I actually, I'm fine with that.
42:20
And, and I think the, it's going to sound very, very
42:24
straightforward, but you want to really buy stock in companies
42:30
where you think the, the products that that company makes
42:33
will be better in the future. Like, like are they, is that
42:36
company going to make more and better products or like do you
42:41
love the products that that company makes and are they going
42:43
to keep doing that? And, and like, I think Tesla, as
42:47
I've just gone through Tesla's going to is, has made, has a
42:50
track record of having made many great products and we're going
42:53
to make many more future grade products and we're going to
42:57
scale up production. And I think we've demonstrated a
43:00
level of innovation that is extremely rare.
43:06
I mean certainly by far the most innovative company in the car
43:09
industry, like not even close type of thing.
43:13
So you know, like I do think Tesla stock actually long, I
43:20
think long term with Optimus and self driving, Tesla will
43:24
probably be the most valuable company in the world.
43:27
But there are also other companies out there that make
43:29
great products and services. So I think that's the way you
43:32
want to look at it, say, like, do you, do you think this part,
43:35
because that's the reason why companies exist, is to make
43:37
great products and services. So if you think that the company
43:40
is going to improve over time, then buy the stock.
43:43
And if you don't, then don't. And then the stock market is, is
43:47
it's a very strange thing. It's kind of like, you know, I
43:52
think it was Warren Buffett's sort of metaphor analogy is, you
43:59
know, stock markets like having someone stand at the edge of
44:02
your property or your house and and yell prices about to buy,
44:07
buy or sell your house every day.
44:09
And like, sometimes they take their meds and sometimes they
44:11
don't, you know, So sometimes the person yelling at the price
44:18
of your house is having a good day or, and sometimes having a
44:20
bad day, but it's still the same house, you know, like, I'm like,
44:25
literally still the same house. Like, you know, so Tesla stock
44:29
goes up and it goes down, but actually it's still the same
44:33
company. It's just people's perception of
44:36
the future. I don't know.
44:38
I guess it's just very emotional, you know, So, but for
44:44
me, like, while it's difficult to predict how things will be
44:48
from, you know, in the next day, 6 to 12 months, if you say, like
44:52
where will things be in three years or five years?
44:56
The future of Tesla is incredibly bright.
45:09
Hi. Hi.
45:18
Yes, you say will the robot take your job or what?
45:28
That's a fair question. So yeah, like is a robot going
45:33
to come and steal your job? A reasonable question.
45:37
I think what what, what we'll find with the robots is that the
45:41
there'll be a ratio of people to robots.
45:43
So you you'll effectively end up having managing a group of
45:49
robots. So, you know, you'll have like
45:53
basically, I don't know, your flock or your little group of
45:56
robots that you take care of and and you tell them what to do and
46:02
I don't know, you'll have to look pack a robots basically.
46:07
Yeah, you're promoted to manager.
46:11
One way to think of it. And I think the same thing will
46:14
be true of cars. Like, so for the self driving
46:17
cars is, is that people that are say, you know, Uber drivers
46:22
today or or something like that, or taxi drivers today will end
46:25
up managing a fleet of, of cars and and that'll be a much more
46:31
effective use of that time, you know, just taking care of like
46:34
1020 cars or however many they can take care of.
46:38
So yeah. Hello.
46:41
My name is Adrian. You said that your companies are
46:45
made to make products people love.
46:48
Yeah. Have you ever thought of
46:49
airplanes or trains? Yeah, I mean, I'd love, I'd
46:54
actually love to make airplanes especially, but stretched pretty
46:59
thin. So I've like 17 jobs at this
47:07
point. I just go to sleep, work, go to
47:09
sleep for the work and then do that seven days a week pretty
47:11
much. People say like, where do you go
47:14
on vacation? I'm like, what's that, You know?
47:19
But I guess I like being productive.
47:21
I like getting things done. So I guess I could choose to be,
47:24
like, on an island somewhere, something in Mai Tai, you know,
47:27
with attractive people in bikinis and stuff.
47:31
Why wait? Why am I not doing that?
47:34
What? What a fool I've been.
47:40
So, yeah, I've actually thought about aircraft designs for a
47:47
long time. And I think there's an
47:51
interesting opportunity to make like an electric supersonic
47:55
beetle jet, you know, the vetoes, like cherry on the cake.
48:01
But certainly electric, electric long range, fast electric
48:07
airplane would be very cool. You know, maybe at some point
48:12
we'll do that. Yeah, that'd be kind of fun.
48:17
We do have the ingredients for it, so.
48:26
And then there is the potential for thinking like pretty far
48:31
into the future here of not a not a conventional train, but
48:35
that sort of Hyperloop essentially vacuum tunnels, like
48:42
tunnels where you draw a vacuum so there's no air resistance and
48:46
you have very high speed autonomous electric pods in a
48:53
vacuum tube vacuum tunnel. That would allow you to go from
48:59
city center to city center much faster than any airplane could
49:03
possibly go. Because going into the into the
49:07
an underground vacuum tunnel would, it'd be like teleporting
49:11
to super high altitude effectively, which no plane
49:15
could do. And then it could deliver you
49:18
right to the center of a city. And that, I don't know, maybe
49:24
that's some future collaboration with Boring Company and Tesla.
49:28
I got a million ideas. The ideas are I have more ideas
49:31
and I know what to do with. Ideas are kind of the easy part.
49:34
Execution is the hard part. As they say, it's 1%
49:37
inspiration, 99% for inspiration.
49:42
Work in manufacturing engineering since 2018.
49:46
I've done a bunch of different things here, kind of like energy
49:48
products, Model 3, Model wide cyber.
49:51
And now we're looking forward to Optimus, maybe the biggest
49:55
product ever. Yeah, it will be.
49:57
And I think about the the mission statement of the company
50:00
and it's evolved, it used to be a sustainable transportation,
50:04
then sustainable energy. Is it going to evolve again?
50:07
Are we going to reformulate that officially to kind of explain to
50:12
the world better about how Optimus and AI folds into the
50:16
rest of the fabric of the company?
50:18
Yeah. I mean, I touched on this
50:20
briefly earlier, but you're right that I think we do need to
50:24
articulate it more prominently and maybe more often because
50:30
it's really about sustainable abundance.
50:34
You know, can we have a future of abundance for all that is
50:38
also sustainable and compatible with with nature?
50:42
So we're not destroying nature, but but you also get abundance
50:46
for everyone on Earth. Sounds like the best possible
50:49
future. That's what we're trying to do,
50:54
yeah. Yes, Sir, my name is Aaron
51:05
Armstrong. Yes, Sir, my name is Aaron
51:07
Armstrong. It's not every day that you get
51:08
to be in the presence of somebody that's accumulated so
51:11
much wealth and success. So I just wanted to take this
51:14
opportunity to ask for any wisdoms or secrets that you may
51:18
have to offer about this game of life that we're all trying to
51:20
play. Sure.
51:23
I mean, I try to tell say everything that I know.
51:27
Well, admittedly, sometimes I'm, you know, like I posted on XI
51:31
guess should I ask the AI to look through all of my ex posts
51:35
and pick out the ones that are really good because I try to say
51:40
any, you know, good ideas that I have, I try to post them.
51:47
Yeah. I think generally it's good to
51:49
always be be curious and to, you know, to read widely.
51:57
Like now read read a lot of interesting books, especially
52:00
history. I find history really
52:02
interesting and I find like biographies and autobiographies
52:08
to be also very interesting. You know, it's, I think it's
52:14
good to read, especially autobiographies where like, you
52:18
know, somebody's done something incredible and they wrote, they
52:20
wrote the book themselves or mostly themselves.
52:24
That'll give you a lot of ideas. And I mean, something that I do
52:32
is I'll get audio books because I got like so much going on in
52:36
my mind when I, it's kind of hard to go to sleep because it's
52:39
like having a computer browser with like 100 tabs open.
52:43
That's, that's the, by the end of the day, I got like 100 tabs
52:46
open. So I got to close this browser.
52:48
You know, that's my brain. That's my brain.
52:51
So then I'll listen to an audio book and I'll put it on a timer
52:54
and it's like 15 minutes. It's like being like being read
52:58
a bedtime story by your phone. So podcasts and and audio books,
53:05
especially during at at bedtime or I find are great or yeah,
53:13
sure, Sir, I can't hear you.
53:31
Oh, there's a there's a city in South Texas which is * base.
53:34
So it's a city for it's in fact cities.
53:38
Maybe sound makes it sound bigger than it is, but it is
53:41
it's a really a, a small town plus a giant rocket factory
53:49
that's star base and it's South Texas and star base Texas right
53:56
by the Rio Grande. And you can just literally drive
53:58
there because it's on the like a state highway.
54:02
So you just drive through and check it out.
54:06
So I do own a piece of property that's just across the river.
54:11
That's kind of cool. It used to be like a like a
54:14
horse place, like where they would give horse riding lessons
54:18
stuff. And at some point I think it
54:23
would be cool to, I want to do like this gigantic art project
54:27
there that's like a looks like an alien planet, like right
54:32
across the river. But but like, that people could
54:36
visit, you know, So then I might, like, live there
54:40
occasionally. But really it's, it's a place to
54:43
like, I don't know, to envision sort of an alien planet art
54:47
project across the river. They're kind of cool.
54:51
Yeah. Yeah.
55:21
Do we see foresee Tesla making a product that helps how we spend
55:24
money? Well, I think the AI is going to
55:29
help us spend money better. It's kind of amazing, you know
55:35
what AI can do these days. I don't know if anyone here has
55:37
used Grok, but it's pretty cool. Grok voice can be really pretty
55:44
great too. I try Grok unhinged.
55:47
That's like it's guaranteed to be entertaining at a party.
55:50
I have 1000% promise you if you, if you try grok voice unhinged
55:55
at a party, this will be a very, it's going to be a big hit.
55:59
So, but you can also ask it any questions.
56:04
So like if you want to ask questions about like, you know,
56:08
life advice or things that or anything like you can really
56:11
ask, like you can ask it about cryptocurrency if you want.
56:14
You're going to ask it about medical advice, you're going to
56:16
ask any. It's actually, it's very good
56:19
and it's getting better. So, you know, I think more use
56:24
of try using Grok. It's like, it's really pretty
56:28
cool. Yeah, sure.
56:35
Cool. Yeah.
56:43
So we're in phase three of the master plan, since master plan
56:50
one and two have been completed. Now Master Plan Part 3 is a very
56:57
long master plan because it's basically making all energy on
57:00
earth sustainable, and I actually need to supplement it
57:07
with the sort of abundance for all.
57:12
Maybe that's master plan for I've kind of described master
57:18
plan 4 essentially, which is like autonomous cars, autonomous
57:22
humanoid robots. They combine that with like
57:28
solar and battery storage and I think the future is going to be
57:33
incredible. So I'll take a couple more
57:36
questions and call it a night. Well, I'll ask if you haven't
57:40
asked a question before, you can ask a question, OK.
57:51
Oh, well, there are actually some octopus robots being both
57:55
in Fremont right now. So we'll sure what that was.
58:01
But so we would we expect to have an Optimus production line
58:08
here as well. So there'll be Optimus
58:09
production starting in in the Bay Area, and then we'll have
58:15
the even bigger Optimist production line here in Austin.
58:22
Yeah, it's going to be a lot of robots.
58:24
I mean, ultimately, I mean, I think I think they'll be, we'll
58:32
be making 10s of millions of robots a year type of thing.
58:35
It's like serious volume, maybe 100 million robots a year.
58:42
It's wild. Yeah.
58:45
All right. Well, last question, OK, about
58:55
sustainability abundance, yes. Well, yes, I mean, obviously
59:04
utopia could be dystopia. So we have to like usually any
59:08
story about utopia ends up being dystopia won't avoid that.
59:10
But nonetheless, I think if you say what future, what's the
59:15
what's the best future you can think of?
59:17
I think a future of sustainable abundance plus space travel,
59:23
that's pretty great. Yeah.
59:33
Oh, we need, we need adversity. Well, I mean, you make good
59:45
point. Like we it's like if things are
59:48
actually get too easy, maybe we get bored and we're not really.
59:52
You kind of want to to some degree, overcome adversity.
59:57
You know, it's like if you play a game of some kind, you wanted
1:00:00
the game to be not too easy and not too hard.
1:00:04
And maybe the future will be too easy potentially is what you're
1:00:07
saying. It's a high class problem, you
1:00:11
know. But I think we'll still have
1:00:18
human to human competitions. And if you look at say athletics
1:00:24
or even mind games like chess, although computers can beat any
1:00:28
human at chess, chess is actually at an all time high in
1:00:32
popularity. And although, you know, cars can
1:00:35
go faster than any humans, we still have athletic sports where
1:00:40
humans compete against each other.
1:00:42
So I think we'll still have human versus human
1:00:45
competitiveness. I think long term we'll also
1:00:51
have enhancement of humans or optionally if somebody wants to
1:00:56
enhance like have like cybernetic enhancements, like
1:00:59
with neuro link, you know, if you want to go go cybernetic and
1:01:05
I don't know, maybe have like super intelligence and be able
1:01:09
to see, you know, in different wavelengths.
1:01:14
We we could absolutely provide superhuman abilities via via
1:01:18
neural link in the future. So one thing's for sure, the
1:01:25
future is going to be very interesting.
1:01:30
In fact, I think the most generally, I find that the most
1:01:33
interesting outcome is the most likely.
1:01:38
Or said another way, maybe the most entertaining outcome,
1:01:42
especially if ironic, is the most likely.
1:01:47
It's almost like we're in a alien Netflix series that's
1:01:51
trying to have the highest possible ratings.
1:01:55
And, and like, if you think about it like that's kind of
1:01:58
what happens, you know it, which it doesn't mean it's always
1:02:01
good. Because to your point, if you
1:02:05
wouldn't really want to watch a show where things are great and
1:02:08
stay great, like, oh, that's boring.
1:02:10
You want to watch a show where there's like a narrative arc
1:02:14
where things go up and they go down, they go back up again.
1:02:18
And you know what, you don't exactly what's going to happen
1:02:20
next. And I think we might be in an
1:02:25
alien Netflix series here. So we're just going to keep the
1:02:28
ratings up so we don't get canceled.
1:02:31
All right. Thank you, guys.
1:02:49
Hey, thank you so much for listening today.
1:02:50
I really do appreciate your support.
1:02:52
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1:03:00
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