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TESLA DEEP DIVE 🔋
Recorded: July 15, 2025 Duration: 1:02:06Space Recording
Short Summary
Tesla is poised for significant growth with its upcoming earnings report, projected revenue of $22.67 billion, and the expansion of its Full Self-Driving technology. The company's entry into the Indian market and the anticipated adoption of its robo-taxi service further highlight its innovative projects and trends in the automotive industry.
Full Transcription
Thank you. Good afternoon and welcome on into today's Tesla Tuesday space.
Excited to talk somela with y'all tesla we are trading at 314
dollars and 22 cents uh up a little bit from last week's face of about six percent
during the past week hope everybody had their bull shoes on ready to get into it this week
and see what's been going on there's been a lot lot of news, really, I would say, more so around XAI lately, it feels like, than Tesla itself.
And also some discussion about Elon and whether he wants to put the two together and some of those different pieces.
So a couple of things that I just continue to pay attention to there.
I also know that we do have earnings coming up for Tesla, not too far off.
And that's going to be your real next big catalyst.
So for those who are curious, next week, in fact, I believe, yeah, wow,
Netflix earnings is this Thursday.
And then next week, Wednesday after the close,
Tesla will be reporting earnings.
Earnings estimate is for 4.07 p.m. onuly 23rd what i'm looking at here and that is revenue estimate of 22.67
billion dollars and an eps estimate of 0.38 cents this would be nice revenue pretty high at the
moment we're looking for q2 here but it is a lower expectation than revenue was for Q2 2024. So if you're looking
back a year, revenue was $25.5 billion, and now the expectation is $22.67. So a declining
expectation on revenue. And if you go back again to Q2 2024, EPS was $0. cents. EPS expectation is now 38 cents. And reminder, they really haven't been
beating on EPS. Recently, they have missed on 1, 2, 3, 4, 5, 6 out of the last seven EPS estimates.
So something to pay attention to. But here's's the thing it does seem like right now with
tesla people are paying less attention to the beats and the misses and more so to what elon
says in regards to timeline specifically timeline of optimus rollout a more affordable vehicle
right some of these different uh details around fsd robo taxi so i'm curious how those are all
going to fit in so we can talk a little bit about, you know,
what people have expectation-wise for that.
So I know we're going to have one more space next week, of course,
kind of the day before,
but I figured we could start the conversation a little bit here and kick
into things.
Ryan, how is your Tuesday going?
Hey, Wolf. Things are going pretty well i'm uh just out and about so let me know if you can hear me well yeah it's fine it's not terrible okay awesome um yeah so i guess i guess I'm super excited about Tesla's coming expansion with the FSD rollout.
Obviously, we've seen this interesting shaped area that they're able to expand their rollout for RoboTaxi in Austin.
And this just highlights the fact that they have the ability to like have a flexible shape.
They can expand the area as much as they want, as long as regulations allow.
And this is what they're able to do across the United States in pretty much any geography. So, you know, they don't really have to specialize their FSD to the geography.
They can do that quite quickly because of all the data from the cars that are deployed in that area.
And the crazy thing is that customers are actually paying to provide that data. They pay for the hardware of the vehicle up front, and then they pay for the full self driving software, whether it's a monthly subscription, or a one time payment at the beginning, and then, and then every incremental mile that they drive is extra benefit for Tesla.
So this training data and access to real world miles that present these very unusual circumstances make it so that FSD is able to train and then Tesla is just able to deploy whenever regulations allow for it.
So pretty soon we should see it come in San Francisco,
probably LA, Waymo is also in Phoenix.
So it wouldn't surprise me if Tesla is also able to do this
in the greater Phoenix area soon.
And then hopefully we'll be able to do this
with customer cars soon enough as well,
because if they're able to do this with their own fleet
and the technology is working well,
there are no accidents,
there are very few serious disengagements,
then in theory, somebody who owns a vehicle in the Austin
or Phoenix or LA or, you know, whatever geography allows for it.
Uh, if they own a vehicle there, they could just say, Hey, I I'm willing to add my vehicle
to the fleet.
And then, uh, I suppose there's probably some process to that. They have to
showcase that their vehicle is going to be clean and well-maintained thus far. Um, but,
you know, it's like all of the actual difficult things with the technical, uh, hurdles, those are,
are pretty much already overcome because uh especially for hardware for vehicles
that are that are released in the public and customer purchase like the those are the same
cars that are part of the fsd fleet in austin so this is a really great um this is great that tesla has this ability i don't see another company
that is able to do this at the scale that tesla is in the united states especially
uh and then globally it should be quite similar like yeah tesla just has all this real world data
And Tesla just has all this real world data.
They have great engineers that are working on building simulations that I assume are comparable to any other, if not better than any other.
So it's just a really exciting time for FSD.
time for FSD. And I think if Wall Street is paying attention to FSD timelines, and the rate at which
they can deploy this technology, they are paying attention to the correct things, because this is
going to impact the financials substantially more than hardware sales are in the short term. Of course, it does matter if hardware sales are growing or not,
but just relative to the FSD profit, it's going to pale in comparison. So
the vehicle sales may be bumpy from here and there, particularly for Q3, it might be a bump up as there's this pull forward
in the United States for the $7,500 tax credit. But even if Q4 happens to be down or Q1 is
slow next year, it doesn't really matter that much because in the longer term, this FSD play is just so substantial.
I mean, imagine you have, uh, $8,000 per vehicle or, or $99 per month,
even per vehicle, then, uh, like the vast majority of that is, is good margin.
And it just flows all the way down to the bottom line.
So if you have this at the scale that Tesla does,
then you just get this ballooning profit number.
And at least how I've modeled it out,
I expect that that gross profit number
is going to start really ballooning next year.
And this is just kind of the beginning because as you as you mentioned
we have optimus coming down the pike as well and optimus is basically it's quite similar it's got
a lot of similarities to the vehicles because the vehicles are basically robots that navigate the roads, but Optimus navigates not only, uh, like the, it not only
could navigate the roads, but it could also navigate factories and homes and, um, all sorts
of buildings. Uh, it can do gardening work. It w it will be able to do gardening work.
Uh, it can do gardening work.
It will, it will be able to do gardening work.
Uh, basically any physical labor task that you want it to do it, it will be able to do.
And this, this really stuck out to me when recently I was listening to this guy, uh,
from Neuralink talk about how one of the patients is able to control an assistive robotic arm just by thinking.
You know, he's paralyzed, he has no ability to control his own arms,
but with an optimist arm or optimist full robot,
then that robot would become an extension of him.
And if that robot has incredible, flexible, like it has great dexterity,
then the person would be able to regain a ton of physical freedom
that they lost due to their injury.
So, I mean, the possibilities are really endless with
that product and uh if if i try to compare it to like the vehicle fleet it's it's going to have
similar crazy software margins and so because the impact is so real. So there's just a lot to be excited about.
And I'll pass it on to another speaker.
Yeah, time to be excited.
I definitely agree with you.
Appreciate you being on here, Ryan.
Captain, Owen, Lincoln, Tesla, Hi.
If you see any other some audience that want to come up and join on stage?
You're more than welcome to.
I know some of you are just tuning in
some places where you can't,
but appreciate you being here regardless.
Penny, what's going on?
Hey man, it's been another fun week, I think.
Ryan mentioned the funny shaped area
that's growing in Texas right now.
And I want to mention the the the funny shirts right like the
fake shirts that people are making with that geofence area i think the amount of uh like
free marketing that tesla is getting from this is something that was a bit unexpected probably a lot
more people are hearing about a robo taxi rollout in austin than they would have with any other
shape of area so i'm just sort of enjoying the
fun. Also the new meme price of 690 instead of 420. They're going to be making a little bit more
money with those robo taxes in the short term, but I don't think that's the focus. The focus is
that the rollout is growing, right? Like the geofence is bigger now. And it's just a matter
of time if they keep ratcheting it up until they're covering more area than Waymo in a lot of different places.
So I'm really looking forward to that.
I'm looking forward to them expanding into new cities.
The Tesla Diner, we got some photos of that this week.
We saw Optimus is in the diner.
We found out that the diner is going to be open 24-7.
That's not really consequential from a financial point of view, but it is fun.
The fact that they're using Optimus in there,
I think is also fun.
It should be super interesting to find out
like what exactly Optimus is doing in that diner,
which brings me to my next big point.
Elon mentioned the most epic demo ever
before the end of the year.
And if people were speculating like,
is this the flying roadster?
My two cents is that even if it does involve the roadster which i wouldn't be shocked at all
that he wouldn't call it the greatest demo ever if it didn't have optimus involved here i think
that there's going to be something spectacular that we see before the end of the year and that's
super exciting for me i'm always looking for what's next not what's here now um tesla is about the
future to me investing in tesla is about the next five to ten years not the next five to ten months
so seeing the most epic demo ever hearing about the next epic demo ever before the end of the year
is something that's super super exciting to me uh let's see what else do we got going on in here um yeah proudly unserious uh tweet from
tesla i just think that that's funny i'm enjoying the robo taxi rollout and uh enjoying being an
investor right now very cool very cool thank you penny yeah there's some interesting things that
they continue to share. I will say,
maybe you can comment on this. I do love the personalities of the accounts. It wouldn't make
sense if Tesla just had like a boring corporate account. And it feels like, especially RoboTaxi,
that account really leans into it, you know? Oh, I love it. The Cybertruck one does too.
Even the Tesla main account gets a little sassy sometimes. I think, I don't know how many of them
exactly it is, but I know Viv is on X as herself as well. And I think she does the Cybertruck. I think she
does the Tesla one. She's got a great personality. So it really is fun watching her interact with
the community and show us, you know, Tesla's a different kind of company.
100%. Great thoughts there. Landon, how's everything going today?
100%. Great thoughts there. Landon, how's everything going today?
Hey, doing great here, Wolf. This is really fun. I am of the opinion, while Penny talks about the
five to 10 years, he's absolutely right. But I'm really excited because I've been doing this for
five to 10 years. And when we listen to the earnings call, I think we get pretty clear
guidance from Elon, from the C-suite, from the executives telling us where the company is going.
And people don't want to believe the hype, I guess, but I've bought in 100%. And look at the
rest of this year, five months remain in this year. And so that could mean that we have
up to four more new introductions of Tesla vehicles. Can you believe it? In the first half
of the year, Tesla changed over factory lines around the world for the new Model Y. And that
is just something that's never been done before.
Ford and others have tried to build a global car. We had an Escort, and we've had some other
things they've tried with the Explorer. But the Model Y is a true global car. It's built in
multiple factories around the world so they can deliver the vehicles as closely as possible
to where they're produced. And that makes for a better environmental footprint. And it makes
for faster deliveries, customers getting their Teslas faster. So what do we have on tap for these
remaining five months? Well, Tesla also told us in the earnings call that they not only changed over these factory lines
for this new Model Y, but they tell us that they did upgrade the factory for model lines to build
the new Tesla model that we haven't seen yet, that all we can do is guess at, that we can look at,
you know, yellow cars for RoboTaxi and other
prototypes that Tesla teases with all of the spy coverings of the front and rear. We're due a new
Model Y performance. Where is she? I've got a 2020 with 60,000 miles, so I'm really interested
to see the new Model Y performance. What can she do? What does she look like? I can really interested to see the new Model Y performance.
What can she do?
What does she look like?
I can't wait to see that.
And I think that we might not see these things until 8-1.
October, I'm sorry, August 1st is 8-1.
That's about two, three weeks away.
And it starts a new quarter. It starts a quarter where the $7,500 tax rebate is still available. And Elon put out this grok quote that was made of eights
and ones. So I wonder if the eights and the zeros and the eights and the ones could mean August.
What other vehicles are we waiting for?
That's not all.
I mean, we're really starting to hit the stride of Tesla vehicle, new vehicle production.
We've got Tesla Semi.
They're still building out the factory.
Every day we see them pulling new equipment in there to build those lines,
where the semis for the last two years that are going to
Pepsi in the hundreds of units, by the way, are pretty much hand built. So we've got Tesla semi,
we've got the new model that we don't know much about. It's going to be a global car built all
over the world. We've got the Model Y performance. We've already seen the upgrades to the Model S,
got the Model Y performance. We've already seen the upgrades to the Model S, the Model X. These
things have all happened this year, and we've got more coming. Do we have Roadster teasing at the
end of the year? If this $250,000 car, if this is the price that's been mentioned in the past,
if this comes out, it's going to compete with the Remak Nevera.
And the Remak Nevera is not $250,000.
It's $2.5 million.
And right there, you have the story of Tesla's efficiency in design and production.
So this is what I'm excited about, Wolf.
You know, we've got all these new cars coming out.
We've got upgrades.
And I live for it because I love going through all the details of what Tesla makes better. And they continue to do it with hardware and software,
software updates for all of our cars. We're in it. It may be the very beginning, but this two years
is the start of Tesla's vehicle production and the remainder of Tesla using XAI and Grok to get to
the future. And I'm here for it. I love being here with this amazing panel, Wolf. Look at it.
Look at all these Tesla lovers, Tesla owners, people that sell Teslas for a living or in your
space. Here we go. Thank you very much, Wolf. Thank you thank you landon i love the infectious excitement
very cool i agree with you to see all two types of people that support tests the different ways
in here um you know and plus many people who just buy the soft and you know support that way
so there's many ways to go about it's great to have you here as well uh let's come over to a
couple others who are on stage kim good afternoon how's everything going what have you been paying attention to any latest
stories from your tesla hello there can you guys hear me okay yes okay good you know i was thinking
as you guys were all talking and i was thinking about the stock and it moves so wildly basically
based on what elon's doing right? Whether he's tweeting something,
whether he's being critical of the government, you know, whatever he's doing, it does tend to
move the stock or if he's getting involved in politics. So I was sitting here thinking, you
know, the best way to invest, in my opinion, in Tesla is just to set a good to cancel order for how many ever shares
you want. If you want to add to the position you have or you want to start a position,
set it like 10 to 20 percent below where the stock's at right now. Because usually when he
does do something that seems like he's taking his time away from the company,
that stock will drop pretty quick. And what ends up happening is oftentimes it'll drop
overnight or in the morning, and then it bounces back the next day. And it's not an easy stock,
in my opinion, to trade. It's an easier stock to try and buy low with a good to
cancel order and just sit long in it. And then you have to just put it away and not look at it every
day and put another good to cancel order for 10 or 20% where you got it at before, you know, or
where support is or whatever. So it's just one of those stocks that if you, in my opinion, and I've been in and out of
Tesla, you know, different times over the course of, you know, many years is it's just hold it,
don't look at it and try to add, you know, little bits at a time when it moves lower and best to do
that with the good to cancel order so that you can capture that those down moves because they do occur fast and furious and then it goes up fast and furious, you know.
So as far as my test, OK, I was going to make a comment.
Now, boys, you guys, not boys.
Sound like Trump's tweet.
Boys and gals.
To all my guys and often my gals. What did he say again? boys and gals to all my uh my guys and often my gals what did he say again
boys and gals boys and some of my gals to all my boys and some of my gals
or a few of my gals but anyway um i was going to make a comment on elon's
post that he made um nice d pick do you guys get what i'm saying
does no one get it do is this of the the outline of the test area i can't say it on live
spaces i i yeah it was the one that he put up there i was going to make kind of a joke in my comment. So as a female, I don't really think those things are funny.
And then they make it so I want to mute him.
FYI.
I digress because that's really not about the stock.
So I think his point was the geofencing has widened and it was the shape of something, right?
Yes. Is that correct it is it is yes they picked a particular shape i wish i could be like landed and act really
enthusiastic about that post right now i'll tell you how you can be really enthusiastic about that
post tell post tell me one company that releases software available for AI for the Department of Defense, and on the same day, they're messing around with dick pics as far as how the map looks.
Thank you for saying it for me.
It's awesome. You're welcome. I'm here for you.
I'm glad I can count on you, Landon.
I'm glad I can count on you, Landon.
Yeah, no, that was pretty amazing about the Grok.
And I think that that is what, obviously, most people that are looking at Tesla and calling it just a car company miss, obviously.
And we talk about that all the time on these spaces.
I mean, Grok is, even the Grok 3, you know, not speaking to some of the crazy things that were said that Grok said.
When I've personally used Grok, right, or asked it to find some information, it's done pretty darn well.
And I'm a really good researcher. And so I do check facts and I do check up on things
and I make sure that it's credible
and first sourced as much as I can.
And I thought it's done a pretty good job.
So I don't have the Grok 4,
but we do have that in the Tesla now, right?
It's Grok 4.
Is that correct, Landon?
Yes, Grok 4 is coming to Teslas in the way that they've put it in the marketing, which I absolutely love from Tesla, is on the website now.
It says Grok 4 will be in your vehicle when you order it and it comes in.
So I think that they're looking at an end of July date.
I'm not sure when we're going to get it on our cars, but yes, we will start to see it in the showroom cars very, very soon.
And I got an email in my inbox that mentioned it.
So maybe it was on the new cars.
I thought it had said it was going to be in our car. It said, it says,
just ask AI. Oh, I see what you're saying. I missed that.
It said the newest software version 2025,
2026 brings Grok AI to your cabin.
And yeah, so.
Kind of a summer update that's coming at us.
You bet.
Yeah.
Well, that's all I have.
Thanks all for helping me out.
Of course.
Thank you for being here, Kim.
And I appreciate your opinions on these topics as
always uh really good stuff let's keep it rolling around here captain ellie how's it going hey hey
what's up what's up hey everybody it's good to be here um so yeah i mean pretty much with the same
i'm in line with everything that i heard i mean by, by the end of the day, like 2025, if we go back to Elon's speech, he said that 2025 is going to be a significant year.
And I think we can all agree that it looks like they promised.
I mean, they promised something and they kind of delivered.
Obviously, it's not finished yet.
But it looks like this year is a bit different than other years.
But it looks like this year is a bit different than other years.
This is the year for me that we more focus on other products.
But I mean, other products rather than cars.
You know, we're focusing on some big stuff.
Obviously, we're all looking at the Robotaxi.
So the expansion is great.
For example, I just posted like a few hours ago.
The post was like, what Elon's company achieved this year or about to achieve.
So we have the Robotaxi.
We have the expansion.
We're going to see maybe the expansion go to California, Phoenix, Nevada.
I think that's the big three states that I remember from something that I saw here on
And we have India.
They opened the store today.
For me, it was today, maybe for you guys, it was yesterday.
India, that's basically the biggest market that Tesla hasn't entered yet.
I mean, we do have Africa.
But by the end of the day, I think between Africa and India,
India is the most important one.
But that's just my opinion.
Obviously, we're all waiting and looking for Optimus.
But yeah, I mean, it's not going to be this year for sure, right?
So we have India.
We have the expansion of RoboTaxi.
We have Grok.
We have Grok 4.
So XAI, big news.
Tesla, big news.
SpaceX, obviously, continue with Starship.
So 2025 looks to me like a crazy year I hope
they will achieve everything now if I can copy or repeat something that Omar
said he's not here so excuse me if I'm saying his name but he's not here I think
it was in my space a few days ago when it comes to the epic demo I think he said
because it's coming from California the the studio, the design studio,
that means that it's probably, probably to him, the Roadster and not Optimus, because Optimus is
in Palo Alto, I'm sorry, in Fremont, and the design is in Palo Alto, and he said the studio,
the design, or design studio. So I think the consensus is that it's the roadster. Obviously, we are not going to know that. But yeah, it's also in line with the timeline that they gave, that they provide a few months ago. So anyway, I'm excited like all of you guys when it comes to this talk. I'm not talking about this talk. I mean, sorry, I have dogs here. I'm going to mute myself.
I mean, sorry, I have dogs here.
I'm going to mute myself.
No worries.
No worries.
Any of the dogs always provide an additional factor you got to deal with in person.
I'm actually thinking about getting a dog next year again.
So we'll see.
You might have to hear one barking in my background as well.
Let's keep hopping around here.
We got a bunch on stage.
We'll come back to you, Ali, whenever you're ready.'re ready parth i saw you joined up did you have some thoughts here
yes um i hope you guys can hear me yeah we got you okay cool uh so um i'm in india i'm indian
and uh like for tesla india community it's like a big day because India has finally appeared on Tesla's roadmap where we'll see a lot of, perhaps a lot of cars sold in the beginning.
The situation very much, in my opinion, is kind of a proving grounds kind of a situation.
Because right now, like, even if I want to buy a tesla it's like too expensive
right uh the rear wheel model that they are selling here is roughly twice the price of
uh the same car in the united states because the import duties are somewhere like 70 percent or
something like that so and that's because they are importing from germans of china i think that's
that's that's what the government was saying that they want uh as a condition to getting tesla to india and like my uh my kind of uh thought about is like
uh people who have money will go buy it but i don't i can't see myself as an indian consumer
like maybe i'm one of the few of them uh here who can speak about this, because the showroom is literally in the next city right over.
I've been to that place nearby or there before,
so I know the exact place that they are having the store,
and it's like an affluent neighborhood,
and the stock exchange and everything is nearby.
So it's like a Wall Street or New York kind of situation
where they have that
particular you know store or the experience store so i think they will make a few sales in the
beginning but uh like the it won't be a mass market adoption and i don't i don't think they
have the tesla uh autopilot on yet so i would be interested to know when that would come out because you know if agi or or the
ai aspect of things is going to be a specialty or selling point of buying a tesla that would be like
amazing because many of the local manufacturers are offering some kind of a ai assisted driving
like you know with a lane assist and everything on highways
like Mahindra is a competitor then there's others like you know MG that's a Morris garages so the
self-driving thing is not turned on in India at least not on day one so it seems like like a regular electric car with like you know some
smarts that have not been turned on so we have to see when that will come up and whether it'll
be a compelling buy you know like it should be enabled but it's not it's not a thing yet and
you know spending almost double the money for what the car costs in america because of import duties and everything
else like it's kind of not the best uh you know uh way to sell a car to an indian consumer and
majority of the indian market like is very price sensitive like the if i just talk about stats i
think the majority of the indian market is something like below 15 uh lakhs that's 1.5
million rupees and below is where the the Indian market is for selling cars.
Like very few of them sell maybe at 2 million or 2.5 million.
That's the upper end of the market for the mass market consumer.
So certainly I see this is not the card that they are targeting for the average person.
So I'm excited uh i i just want
to go see the place sometime it'll be a nice uh kind of tour um i saw they were having the model
wise and i'm excited to see like if they ever launch a model 3 because the model 3 seems to be
like more attractive cars smaller and maybe it's it's better for Indian roads comparatively.
So I'm excited.
Let's see what happens.
And, you know, if there's any feedback I can give you,
how it handles potholes and, you know, bad roads,
I can just give you a feedback if I manage to sit in Tesla in India.
So that's it.
Wow, Parth, that's really amazing detail.
We're so excited to get these Tesla vehicles into your hands, into your country, opening showrooms.
And then the plans to follow, I'm sure, will be big and they will happen very, very quickly.
Just as a counterpoint, I'd like to suggest that these vehicles are going to sell like hotcakes is what we sell
in America. The lumberjacks all get up and go to a big hotcake pancake breakfast right before they
go out into the forest. And they eat those things up like crazy because they got all these carb
energy. And that's how India is going to eat up Model Y. You know, thinking about the price, you're absolutely right.
It is high comparatively, but Teslas are already priced differently all over the world, and you're
right about those early adopters. They're going to swoop in and write the checks. It does not matter.
And, you know, if you look at the vehicles, I believe they're both rear-wheel drive versions
that you're going to get to start with, a rear-wheel drive standard range're both rear-wheel drive versions that you're going to get to start with.
A rear-wheel drive standard range and a rear-wheel drive long range.
And yeah, they're going to be up there in the $70,000 rate, U.S. dollars, if we convert that.
But in 2020, I paid more than $70,000 for my Model Y.
Now, it was loaded up, and it was new, and FSD wasn't where it is today.
So you're getting the situation that we entered in about 2020, and look what's happened globally
with Model Y. There's a reason, there's a thousand reasons that it's the best-selling vehicle in the
world. I'm really excited to see it explode in India. And
of course, the technical details, it is a 70% tariff on CBUs, which are called completely
built units. That just means that they're built in Germany and flown over, shipped over,
and sold in India. But in the future, the factories are going to be there and that'll get
down to a 15% EV tariff. Parth, really great listening to you and thanks. Really excited about
Tesla in India. Hey, me too here. The enthusiasm is infectious for sure. I'm just happy to be able
to be able to talk to you guys about this today,
to talk to you guys about this today, especially when it's such a big day for Tesla India.
especially when it's such a big day for Tesla India.
And I hope to also see these cars in person
and how well they perform.
It's a long five years,
and I hope it's not a short one
because this happened to Ford earlier
when they came to India with a big launch,
and because they didn't have sales,
they exited the market very quickly.
So people wanted those cars,
but they were not sold.
So I hope that never happens for Tesla
and they get the success they're looking for.
Thanks for the insights, Parf.
Appreciate you jumping up on stage.
JC, I saw you came up as well.
We'd love to hear some thoughts from your end.
Hey, Wolf, thank you very much.
I love your show and not just this one,
but love the Gigacast and all of those different shows
that y'all put together.
Just amazing, amazing stuff.
So, yeah, I mean, everything that everybody's been talking about already
is obviously exciting.
I would say in particular for me, RoboTaxi and the RoboTaxi expansion for me is number one.
I mean, I do a lot of Uber Wolf around Houston and Austin here in Texas.
And not to bore people with that, but I get folks in the back of my Uber he got Parkinson's, got diagnosed
about a year ago, just started getting the tremors about six months ago. He's a software engineer in
Austin. And when he saw that my car was driving itself and I didn't have to do anything, he
literally started going into tears because he did not even even know about this technology and um you know
he he could see a path there um you know for one day giving him some independence i'll tell you too
the grok and teslas um that's going to be huge so as you can imagine, doing Uber in Houston, Wolf, is that a large percentage,
a very large percentage of my passengers are ESL, English as a second language.
And I would even go light on E at this point for a bunch of them. And so I, as you might imagine,
I have to use LLMs a lot for some two-way communication.
I'm going to tell you what, if I, obviously it's probably going to be a little clunky at first,
but it's going to be native to the Tesla. I'm telling you, there is a huge group of people
out there in the country that if the cars not only start talking to you
and having conversations with you, but can do it in your native tongue with it and in your
cultural, I mean, it's a level of, of, of endearment to a large group of people. Like I said, I'm not going to spell it out for you,
but I live in Houston and I do Uber. So put one and one together. And it's a group that we
generally don't think about, right? And they already love the Tesla. I'm usually the very
first Tesla that they've ever been in. These are cleaning ladies.
These are restaurant workers.
These are folks that are sending money back to another country.
And so they don't generally get the chance to ride in a Tesla.
And when they do, they absolutely love it.
They feel like they're a queen for 15 minutes.
That's what Tesla is doing for these people.
So I'll tell you what, I know that there's
some stuff that's been said about the picture of the robo taxi geofence, the dick pic. I'll go ahead
and say it. But I'm gonna tell you what, at the end of the day, the reason why I'm here in Tesla
is because their mission is to save lives. Their mission is to give independence back to those who don't have it right now,
to empower people.
And the guy that's at the helm, not just through Tesla,
but through other companies,
he's giving them their independence back through Neuralink.
He's going to make us interplanetary through SpaceX.
So I'm here for all of that. And I'm also here to piss off those one or two passengers I get from West U or West Lake in Austin. And they're pissed off about a dick pic. Because I'm telling you, the other 798 that I get love this company to death and could care less about that dick pic. Thanks, Wolf.
this company to death and could care less about that dick pig. Thanks, Wolf.
Thank you. Yeah, I definitely can agree with the mission there, saving lives. Obviously,
car crashes right now, not exactly the safest. A lot of people die every single year, every single
day, really, people are dying. It's a slightly terrifying thing. Everyone just is flying around
in these cars, and you just never know if somebody's going to be impaired.
It's basically trying to have some type of control.
Right now, there just doesn't exist that control a lot of times in some of these different pieces.
So just some things to continue to be aware of.
But yeah, you and Landon and others really harp on that safety aspect, which I think is important,
because I don't think that a lot of people necessarily think about that all the time.
So just a couple of things that are probably good to be thinking of.
All right. Great stuff there, JC. Action. What's up, man?
Two things as far as what JC said. Really important here.
Yes, you do have some of the best shows in this freaking app, dude. No question about it.
You are the man. Appreciate you hosting these. Good to see Penny out here as well. Well two three things second thing jc's willing to say dick pic but he wouldn't say mexicans that
was hilarious um but third of all um i just you know uh personal story as far as the dirt roads
and potholes dude i live in an area where there's a little bit of equestrian uh a few neighborhoods and i took a back road the back dirt
road and potholes all that good stuff man because of the weight on the model y that thing clung to
the ground and the the autopilot worked like i couldn't even tell it wasn't a regular road the
thing worked so much better than i had expected So like huge shout out for how they implemented that.
Like, yes, I'm on a dirt road, but I'm still getting like all of the infographics on the screen showing that there is a line going down the center.
It's like, I don't see a line.
I'm glad you do.
But it just handled flawlessly.
It did really, really well.
Better than I had expected.
And just one little tiny bit, tidbit on the safety aspect of it. I crashed my Tesla. I was
leaving the ER, was not in a good mental state, hit the accelerator a little too fast and backed
into a huge truck. I dented a metal bumper, broke a taillight on car and i my my one of my left rear fenders
like crinkled just a tiny little bit everything works everything is just fine i have no idea how
that stuff works to be able to dent metal um with that car and have it like just take the hit so
well i was super surprised so just two little personal accounts as far as
you know the cargo safety definitely um happy with how it handled the unfortunate
mishap that took place and dirt roads they're killing it
yeah definitely contest by the safety there landon were you going to pop in and say something? I'm good.
I'm interested in JC's customers because the people that I talk to, you know, the people in our world, Uber is for getting to the restaurant when you want to have a bottle of wine.
Or it's from getting home from the club when the guy that says that he'd pick you up doesn't show up.
But that's not JC's world. And so JC, I mean, these people are paying you pretty good,
pretty good fares in Ubers just to get to work and to get home from work. And if you weren't there,
if other drivers weren't there, you know, they'd be what they'd be on, on public transportation. How do you see JC, if you're still up here, how do you see these people moving to the Tesla robo taxi?
Will they fear it? Will they stick with the Uber that they are familiar with? Or do you think
that's an easy transition? Yeah. If it to, just to put it, thanks Landon. Yeah. To put it bluntly,
you know, I've done over 1,000 rides.
Again, Houston and Austin, so two pretty big cities in Texas.
I'd say 5% to 10% of my riders are people in this space.
The other 90%, again, cleaning ladies, restaurant workers,
folks that depend on ride share for all of their transportation.
They generally don't own a vehicle.
They can't get financed.
They're essentially not financeable.
So that is the typical Uber rider.
Would they be amenable to a robo-taxi?
I'll put it to you like this. If the Uber fare was 20
bucks and the robo taxi fare was 10 bucks, they would learn to love autonomy in about 15 minutes.
They, it would not take, there would be a psychological aspect, obviously that they
would need to get over, but Landon, the amount of people that I get into my Uber,
and let's just be blunt, and yes, they are Mexican. They are Honduran. They are Nicaraguan.
They are Guatemala. And they're all amazing people. They make this country run. And I don't
want to go off on that diatribe, Wolf. I don't want to make it anything like that. But they're
just some of the most beautiful people on earth, and they keep our economy going. Well, 50 to 70% of their disposable income is going towards
transportation. And you're right, Landon, what they would have to do in a city like Houston is
probably take three buses, which would take them a couple hours. And they've done that before,
before Uber came on the scene. So I also want to just say all love to Uber,
because Uber transformed the lives of a lot of these young women,
people, but mostly women.
Granted, it's costing them out the wazoo,
but before Uber, they were taking two or three buses to get around.
And they would have to allot two hours there and two hours back.
And these are women that are doing 12, 16-hour shifts, but they don't care, right?
Because it's so much better than the alternative for them.
So a Tesla robo-taxi, where you don't have to have some knucklehead like me, who's twice their size in the front seat, right?
I'm a good guy, but they don't know that, and nor should they care.
They should just feel safe and sound, get in the car, have it be cheaper and efficient.
Dude, I'm telling you, Landon, get this thing scaled.
It is going to, I can't speak to any other state in the country, but in this state of
Tejas, the greatest state in the union, it is going to pop off.
And I'm telling you, the group that it's going to pop off with is not represented very well
in this space.
Thanks, Landon.
JC, I'm guessing
they will definitely feel a lot better
if they're greeted with
versus how you doing?
You know what I mean?
Yes, sir.
It's good.
The language piece,
that's something that people
don't want to account for, and I'm glad you brought it up just because if somebody can have that app on their language and they walk into that or step into that robot taxi and it speaks their language, man, that's a game changer for people.
Talk about feeling comfortable.
Yeah, sure.
You might be this big guy in the front seat.
But, dude, like you're talking about a three, you know, a 180 here.
Just having not only the car feel like it's safe.
You don't have to worry about who's driving, but also speaking to you in your native tongue.
Huge win.
I wonder how you feel about that, Parth.
You think you could see a robo taxi in your part of the world?
Parth, we can and we think it's coming to you.
So in my opinion, it will start on the highways first, because we have access-controlled highways,
which are like toll roads, and it will start there. And the problem is in the cities,
we won't see robo-taxis because like at least the current government, the
transport minister has said that they don't plan to allow fully driverless cars because
I think it's a populist thing because we have too many unemployed people in the transport
sector and overall there's a lot of unemployment that the government doesn't see it favorably to enable the autonomy
when, you know, like it's a problem.
Like, you know, it could work in like, you know, places like highways where it's like
a driver assist, but completely autonomous.
I don't think it will happen so soon.
And I'm saying this because like, for example, I'm coming out with a research paper in which I'm publishing like a YOLO model
along with a data set which is
Talking about different kinds of traffic signs and how Tesla or other cars can use it for
you know detecting
Traffic signs on Indian roads because traffic signs on indian roads are drastically different
as compared to rest world you know so i try to do some uh kind of localization on that front like
you know i i wish it becomes like you know a situation where people accept it but people drive
so bad here like it's it's unbearably a situation.
Like I've seen things where I'm driving
and people will jump lights on purpose,
like the signal lights,
like they will jump it on purpose.
And, you know, enforcement is like very sparse.
So, you know, they would have to have
a different kind of paradigm
in terms of driving autonomy where it's no longer that rules are followed, which is, you know, like in the West, the exception is that, you know, rules are broken is the exception.
Whereas in India, you know, rules are broken is the norm.
I don't think it's like a very nice thing for me to say about my country,
but that's the reality where, you know, people don't really obey traffic laws as they should.
But that's where I don't know if the car is yet at that level where it can anticipate
to actively be engaged with adversarial drivers. So that's a whole different paradigm of
machine learning and computer vision. So maybe something to think about.
Welcome to the technology adoption curve. Parth, I have such good news for you. Tesla uses actual
drivers to train their software. We're dominating the space now, Wolf. I'm so sorry. But it's really
exciting. This is why it will work in India. If a human driver can do it, Tesla's FSD will be able
to do it. I'm not trying to convince you today, but I bet in three years, you're blown away by
by the progress.
the progress. Thanks again for being here, Parth. Really cool to have you in the conversation.
Thanks again for being here, Parth.
Really cool to have you in the conversation.
Absolutely, absolutely.
I'm interested to see
when it becomes more affordable
because now it's in my country.
I want to buy it,
but in reality,
it remains too expensive.
For the amount of money
that they're offering here,
that's many, many, many, many years
worth of rent and essentials.
I don't think you
can count it in the same bracket of course but um i'm just trying to see when i can get my hands on
it in a reasonable price so maybe i'm a few years away from being a tesla buyer in india
um you know when it's like more prevalent and it's cheaper so let's hope for the future
yeah i just wanted to bring up a point that was mentioned um about five minutes ago is it's such
a good point about women and you know using uber for example and and now the tes Robotaxi because my niece, who doesn't drive, so many of these young kids don't drive younger.
They all wait to get their license now.
So my niece lives pretty far away from her work and she's having to take the bus and stuff.
But when she goes to L.A., she said to me that she uses Waymo.
said to me that she uses Waymo and she always avoids Uber because she doesn't like getting
in the car at her age with someone that she doesn't know driving. And so that's why she
was specifically talking about Waymo, that when she goes to LA, she always uses Waymo instead of
trying to get around on the bus because she said it's so amazing to be
in a car. And I'm obviously this is a younger person saying this. So I know there's many amazing
Uber drivers. I take Uber all the time, but just from, for her, um, and maybe younger girls,
you know, she doesn't feel as comfortable. And so that's why she readily will get in a Waymo though.
So she obviously hasn't gone to Texas and they don't have the Uber driverless in LA.
But I think because of the fact that there's not a driver, that will entice more, you know, women, younger people, maybe older people to use that service?
Yeah, well, yeah, that was a great point, Kim. And 70% of my ride share drives are women by themselves, either leaving home to go to work, going from work to go home, leaving work to go meet other women who took a Uber someplace to, you know, go meet.
someplace to, you know, go meet. It's, it's just, it's predominantly female. And so when I,
It's just, it's predominantly female.
I talked to, you know, the other thing too, that I've noticed, Kim, is I've, I've basically come
up with four pleasantries that I do at the very beginning, the hi, how are you? How's your,
you know, morning, afternoon, evening, you know, insert whatever time of the day it is.
Let me know if there's enough air for you, if it's too much. And I've got a phone charger.
If the answers to those are good morning. No, yes, no, no. I know to shut the hell up,
look straight ahead at my windshield and don't say another damn word to her because that's that that and that is 70 percent
of it kim and i know why it's not that they're there they think i'm bad or that they're me it's
just that they are literally i think 50 years from now we're gonna look back on this like hitchhiking
we was in the 60s and 70s it's like you're literally asking a young woman to get into a strange vehicle
with a strange man who's twice her size, and she is basically giving her life to an app.
She's literally saying, okay, I'm going to trust this Uber algorithm to keep me alive for the next 20 minutes, just so I can get from
point A to point B. And a lot of women do this. And I'll say this to the guys in the space here.
This is something I never even once thought about until I started doing some Uber after I retired
from my old gig that I did for 30 plus years and
just trying to find some of those things to keep me active in my retired age. And this is the one
I enjoy the most. I love people. Um, but I will tell you, um, it's something I never even thought
about until I started Uber driving. I'm telling you, roboTaxi is going to scale, folks. Don't worry about any of the
political stuff and the stuff we talk about, X. If you didn't know it already, and I love all of
you. I'm one of you. I'm a nerd. I'm a Tesla nerd. We are in a bubble, folks. 90% of the people in
this country just want you to get them from point A to point B safely.
Maybe don't even talk to them.
Just get them there.
That's it.
They don't care about the size or shape of the geofence.
They don't care about what we're talking about here on X.
They don't have time for any of that.
I'm about to use a bad term, Wolf.
I call it white people problems.
They don't have time it white people problems. They don't have time
for white people problems. We discuss a lot of white people problems on X. Let's just be blunt.
And they just don't have time for it. They want to get from point A to point B and Tesla robo taxi
is going to do it. And one that talks to them one day with grok oh my god forget about it to you know i guess i'm
from texas so we don't usually say forget about it so i'm kind of doing in a texas accent but
yeah i am so bullish on robo taxi for me it's just like you know i want tesla to take their time
keep the safety monitors in there scale as slowly as you think you need
to scale. I'm not looking to push them along because I know 100% assurance. I know just because
of what I've seen that this is going to scale and work. So just give them time. They're going to
change the world. They're really going to make it good for females traveling by themselves.
And if I have one piece of advice to give to Tesla is I know we don't like to market to any one demographic, but I really do think they should keep women in mind when it comes to cyber cabs.
Anyway, that's that's all I wanted to say on really good stuff love the thoughts here i i do
have to wrap up we're at the top of the hour but sam i did see you came up did you want to make a
quick point before i did and i'm sorry cormac as well this hour kind of flew by it was really good
conversation sam did you have like a quick comment or cormac did you have a quick comment
here before we close out uh yeah i do um I don't know if anyone has seen this,
but when Grok 4 came out,
like the Humanities Last Exam
and Live Code Bench and ARK AGI 2,
all the benchmarks,
Grok 4 was running it.
But one hour ago,
LL Marina updated their leaderboard
and added Grok 4,
and it is not number one or two um which was
very surprising to me um i don't really know how that makes sense um because all the other
benchmarks it was it was killing it but uh yeah you should check that out um you know normally
that's pretty pretty accurate uh ella marina is a pretty accurate, LL Marina
is a pretty accurate benchmark
so I don't know, no one
on the XA team or anyone
has posted about it yet
because it just came out
yeah, that's something to look into
Grog 4 has been awesome
and that will be, regardless, that will be
amazing in Tesla's.
But, yeah, I thought I'd raise some attention to that.
Cool.
I appreciate you pointing it out.
Great stuff.
All right.
You better wrap this one up.
Penny, any final comment for you?
I'm good, man.
Have a good rest of your week.
Awesome.
Thanks so much, everyone that came
on the space today. We appreciate you. Hope you are having a good time in this wild world of Tesla.
One week out from earnings. Our next space will be Tuesday at 12 p.m. Eastern. The Gigacast will
come out later this week. Hope everyone has a great one. Take care. Thank you.
