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TESLA DEEP DIVE 🔋
Recorded: Sept. 9, 2025 Duration: 0:58:21Space Recording
Short Summary
Tesla is making waves with the launch of its Megapack project, aiming to revolutionize energy storage and sustainability. Elon Musk's new performance-based compensation plan is set to drive growth, targeting the sale of 20 million cars in the next decade, while advancements in robotics with Optimus 2.5 signal exciting developments in automation.
Full Transcription
Thank you. What's up, everyone? How are we doing? Happy Tuesday.
What is it? September the 9th, 9-9 today. And it is time for Tesla Deep Dive, our noon show here on Wolf Financial.
Sorry about the late start.
Had a little technical glitch over here.
Had to restart a router real fast.
You know how that goes sometimes.
But here we are.
We're live, and I'm getting everyone a little extra invite link sent out.
Here we go.
We'll get kicked into it a little bit.
I'm sure we'll get some of the crew joining us here in just a minute.
We'll take a look at everything going on with Tesla, with Elon, and the whole broad spectrum of everything.
One of my favorites, Landon, is already up here with me.
Old Faithful,
as I call him. He's always here to share not only positive vibes, but great news,
things going on in the Tesla community, around the Tesla space, everything going on there. So Landon, I want to welcome you to the stage, welcome you to the conversation. As always,
great to have you. How are you today, sir? Well, thank you very much. Just an absolutely fabulous Tuesday
here in Colorado. I'm in the mountains, as you know, and I've been doing a lot of traveling in
my Teslas this year, and that's not really much different, but it's more than ever, and I just
love it. Thanks for having us all up here to talk about Tesla, a lot of our favorite company.
We follow it fervently every day. We had a great live call last night from Tesla about Megapack.
We got news on Elon's bonus plan, as I call it. And it's just a wonderful time of year here in
the mountains. It's a little bit cooler
starting to see those golds up in the high country. Can't wait to get out on a really big
cyber truck 4x4 event that we've got going on here in the toughest rocky trails above 12,000 feet
here in the Rocky Mountains. So a lot of good stuff happening in September.
Summer is coming to a close. We got the kids back in school and we are looking at our company
saying, what is next for Tesla? So it's really exciting to talk about Tesla on a Tuesday,
whether it's winter or summer. But I'm watching the room fill up as people are eager to find out
what's next for Tesla. So thanks for having me up. What do you want to talk about today, Wolf?
I got it all. Well, hey, I tell you what, who better than you to kick us off with something?
What's been going on? I mean, anything in your world going on that you want to share with the
group and then anything in the news or anything like that that you're watching. I know there's always things going on, right? That's why we get
to have this weekly show and we always get to bring in some different thoughts. I see some
other friends down here. If y'all want to come up on stage, feel free to join the conversation with
us. But Landon, there's always stuff going on. That's why we can talk every single week. Honestly,
we could probably talk every single day, but here at Wolf, we talk every single Tuesday, and there's all kinds of stuff going on.
I see Neuralink news. I see Optimus news come out. I see all kinds of stuff, even SpaceX.
What's going on? What's been sticking out to you?
The community is so great that we have here, and I'm watching the room fill up, and it's just so welcoming because I see friends that invest in Tesla. I see friends that
own Teslas. And I see friends that I meet in real life, you know, monthly to share our Tesla news
and more about our Tesla vehicles. And, you know, so we do talk Tesla all day, every day,
it seems like it. And this is such a great space to kind of recap the week,
talk about what's exciting next and going on. And for me, let's just get right into the meat of it
and past the fluff. The fluff is fun, but the meat of it right now for me is Tesla and Elon Musk
and talking about incentives and where Tesla is going in the next 10 years,
where it's been in the last 10 and 15 years. And we talk about it as a pay plan for Elon Musk.
Elon Musk, we know, is the CEO of Tesla. And Tesla is not just a car company. Tesla is transitioning into a sustainable energy company and into a sustainable abundance
company.
What does that mean?
You've heard that sustainable abundance.
Well, we'll get to that in just a minute.
But the guy in charge is Elon Reeve Musk.
And different than some of us in our careers, he hasn't had a salary.
He hasn't had a commission. He hasn't had a stipend. He hasn't had a bonus. He hasn't had a
draw. He hasn't had an emolument. He hasn't had any of these kind of financial incentives
that almost all of us have in our daily lives
in order to make a living. So here he is. He's still running the company. He didn't just sit
at home. He's not a football player that said, I'm not coming into the office until I've got
my contract. No, Elon has been working day in and day out because he sees the mission as
critical for the future of humanity. And I'm sorry to drop such a big statement on you.
We don't always talk. What is he, Batman or something? We don't always talk about it. Do
you have any friends that are just dedicated to humanity? I mean, we all do in Elon Musk.
dedicated to humanity. I mean, we all do in Elon Musk. And so why do I bring that up today with
incentives? When I manage dealerships, when I ran dealerships, multiple dealerships, these
different franchises, you got employees, right? Everybody knows that. You got people that work
in the office. You got people that clean up the cars. You got people that service the cars.
that clean up the cars. You got people that service the cars. And as a general sales manager
type, general manager, dealer partner, you got to incentivize these people to come to work because
they might even love your business. They might love cars. They might love your customers. You
might be really aligned with these people. But let's be frank. Most of us don't set an alarm and put on our nice work clothing and go into an office just because it's fun, right?
We do it for a living.
We do it to take care of our families. Success, I would say, in his careers through Zip2 and what became PayPal and starting SpaceX and starting Tesla.
But here we are a decade later.
And what is the vision?
Are we looking at what the new model is?
Maybe they'll have a new color.
Wow, isn't that exciting?
Well, let's talk about humanity for a moment because the cars are a big piece of the
puzzle right now, but we're moving on and energy. Energy is the most tangible topic right now,
and it's at the top of Tesla's list. Elon Musk is focused on energy, sustainable energy. We all
need energy to run our lives, don't we? You know, I still have friends that
have a wood stove to heat their home, and they have to go cut wood in the summer. That's energy.
They have to spend their time and their energy in order to bring energy back into the home to
heat the house. Well, that's the whole world right there. So what do we want from Elon next? Do we want a seven-passenger suburban type, right? No,
hey, forget that. Forget all the noise. Forget that. Yeah, they're making great cars and they're
selling them all over the world. But what's next with energy? We need sustainable energy and we
need to move to an economy and a world with sustainable abundance that frees us from
the chains of this slave labor.
Think about back in the Bible.
You think about the guys that are doing the work and they're getting hit with a whip in
their back, right?
Those guys are not incentivized positively. They're incentivized
to avoid the pain. Well, we're not going to whip Elon, although some people would like to when they
read his political posts when he goes to Washington, right? Some people say, hey, why is Elon doing
that? I want Elon to do this other thing. Well, we all have our goals and our desires
for Tesla, but mine is right up there at the top of the list with energy. And that's bringing people
from these jobs that nobody really wants to do, that are dangerous, that are difficult, that are
repetitive. And we need humanoid robots to do that. And so Elon showed
us with the Tesla team and the humanoid robot Optimus subprime from Tesla. Yes, Tesla. It is a
Tesla product, this humanoid robot. And we got a shot today at a new version this week. We saw
version 2.5. Oh, a lot of people screamed, this is version
three. This is what we've been waiting for. Look at the hands. Aren't those hands? No, those are
not hands. Those are not the fancy hands. Those are not the version three, 22 degrees of freedom.
Those are mannequin hands. We were shown mannequin hands in the video of Optimus. Why is that? Well, that's the expensive
part. So a lot of people opined, if you got him walking around, running into stuff, learning how
to do everything in our physical world, let's not smash the hands every time he tips over.
If that is the case, we've never actually seen that. But the other idea is we're not going
to show the world the hands until we're ready to show the hands. We're not going to show you
version three the way we showed you version one. And then all of the robotic companies around the
world take very close note. And all of a sudden, everybody's got new robotics after they see Tesla's video.
So they're playing their cards close to their chest. And I love that. What else do we have
for Elon to work on? Well, we got last night, we got a new product from Tesla Energy. Tesla Energy
is the exciting child in the Tesla family, and it is coming on strong.
You got batteries.
You got to make batteries to have electric cars.
And Tesla's become expert, partnering with Panasonic in their own factory.
And you know the history of that.
And also working with CATL and others around the world, BYD, to create great batteries.
So we got them for our cars now, and they're developing.
Ooh, breaking news.
There's going to be new battery chemistry that we learn about soon.
But back to that Tesla energy, you got Powerwalls.
You can buy those and put them in your garage so the power goes out and your air conditioning stays on.
Your heat stays on in the winter.
The lights are on.
You can run your internet.
And Powerwall is a great product.
But if you've got a bigger demand for energy, we need bigger products.
And Tesla's got MegaPack.
Think about a shipping container size full of batteries and computers that Tesla works on and gives you a contract to support you every day of the year through Tesla Energy.
And you can order one of these for two and a half billion dollars.
And you can set up your own data center, your factory, your business, your anything you want with this.
Is that not big enough for you?
Well, Tesla announced last night, MegaBlock.
Take a Tesla Megapack 3, which is bigger than ever,
slap four of them together,
and have Tesla build you the high-tech transformer of the future,
and power all four of those with its own transformer.
You can ship it anywhere in the world and Tesla will send it to you and set it up. There is no
on-site assembly for this product. So you're seeing it around the world, in Australia,
in Europe, in other countries. These Tesla mega packs are taking over the world because
they take that solar energy, they take that wind energy, they take energy from coal, they take
energy from natural gas, and they store it for when the grid goes down. And then they leap into action and cover that downtime without you even noticing.
They've got this advanced switching gear that keeps your business, your corporation,
or your country, your cities powered, and you don't even know it.
know it. What did they used to do? They used to use these peaker plants. And instead of 10, 15,
What did they used to do?
They used to use these peaker plants.
20, 40 cents per kilowatt, the peaker plants kick in and you're paying $9 per kilowatt to run these
peaker plants when your grid goes down. But now with Megapack and the new Megablock system,
countries around the world are realizing they can support their grids with Tesla technology.
And so we've got Elon in charge of this, and we've given him a new incentive plan.
And Katie, bar the door.
You've got your room filled up here, Wolf.
So let me take a break and welcome some of the other people with you and get their feelings about the excitement of Tesla this week.
Because if you're not paying attention, there is a lot going on and it is the future.
Thank you so much, Wolf.
Glad to see Penny and everybody joining us.
Yeah, what a start there.
I appreciate you, Landon.
There's a lot to unpack there that I'm sure we'll discuss here.
And it's just like you just said, there's always stuff going on, whether it's Elon's multiple different projects he's got going on or just within Tesla itself. There's just so much that
we can always talk about. And I love this space when I get to be here because I get to sit here
and just listen to you guys give me updates. I'm like, holy, I miss this. I miss that. And
boy, it just really keeps me up to date penny what's up my friend how are you
any 2x mr penny mr abraham lincoln
we'll get him to do the big reboot boy i was doing all the tricks right when we were trying
to open the space and i'm updating i'm rebooting how about how about x and grok having you know
sometimes more than one update in a day they are they are moving the tech around there behind the
scenes and sometimes it takes a minute to get in. I don't
hear Penny yet. I can't wait to hear his amazing voice and talk about his week. But we'll check on
him. Let's see if anybody wants to raise their hands and come up on stage and talk Tesla with us
while we've got a little bit of space and getting Penny going. Wolf, can i tell you a little bit more about what i call that uh bonus plan
that goal plan for elon musk you want to hear about that i do i do want to hear more about that
and uh go ahead and tell me a little bit more and then we'll get over to eddie and we'll see if we
get penny back up here but i'm i'm very curious and there's kristen coming as well but lane i do
want to hit on that so if you want to go ahead and jump into that, and then we'll get around to the rest of the panel.
But I am curious because I'm a fan of Tesla.
I'm an investor in Tesla, and I try to keep up with what's going on.
But at the same time, my job and my focus is on tons of companies and news everywhere.
So it's hard for me.
And a lot of the people that I'm in conversations with, they just see the headline. They see $1 trillion and their brain just explodes and they don't
really look any deeper into it. So I would love to hear a little bit more about that.
You know, it's really amazing the different ways we make our way through this world. We keep our
time occupied, we follow our passions, and we do everything we can to support our families and keep them safe.
And for a lot of us, that means that you need to trade your time for some currency, right?
You can't go into the grocery store and say, hey, can I work in the back for a couple hours in exchange for some milk and bread?
No, that's not how it works. You got to
go to some employment or you create a business of your own. So some of us are in the situation
where we're paid hourly to do a job to help somebody build their business. And I didn't have
that situation for most of my career. And some of you have seen this too, I worked on commission. And I worked on 100%
commission. And that means if I went into the job, which is working on cars, selling cars,
financing cars, getting bank loans for people, if I did not do that successfully,
I didn't get a paycheck at the end of the two weeks, and I couldn't go to the grocery store.
And so that's commission. And for me, the reason I'm bringing up the commission is it is highly
motivating if you need to go to the grocery store and your checking account says 000,
you got to do something about it. And that's what I love commission. And I was tasked in dealerships to create the pay plans
for employees. And I created commissioned pay plans for almost everybody in the dealership,
excluding the people up in the office. You know, I had people working for themselves to support my
business. And that's what commission does. Commission says, if you sell this
thing and we make money, I'm going to give you a bunch of the money. So that's a pretty good deal.
Being on commission is about as close as you can be to running your own business and work for
somebody else. Why am I going into such depth on this, Wolf? It's because Tesla did not give Elon a pay plan.
They gave him a bonus plan, and they worked with him specifically to find out what goals he wanted
to accomplish in the next year with Tesla specifically. This is not SpaceX. This is not
boring company. This is not the U.S. government. This is Tesla. This is automobiles. This is not boring company. This is not the U.S. government. This is Tesla. This is automobiles. This is humanoid robots. And this is energy. And it is in the future. It is Grok and it is AI. But Tesla right now needs a guidance for the next 10 years. And in order to get there, Elon set out the parameters and worked with the board of directors.
there, Elon set out the parameters and worked with the board of directors. Then they worked
privately without Elon in order to finalize the numbers, and they presented it to him.
Here's what we want and you want Elon, Tesla to do in the next 10 years.
And so there's some big numbers being thrown around, but here's a number that maybe you don't
hear a lot. Zero, Z-E-R-O. It's that number up there. Some people
put a slash through their zero, and that's what Elon is going to see if he doesn't hit all of
the goals on this incentive plan. In 10 years, if he doesn't hit the top tier, he gets a base little amount for selling 20 million cars in total. And that's
probably the easiest one to hit. If he doesn't hit that, he gets nothing. If he doesn't hit the
other levels, he gets nothing. So every time somebody tells you today that Elon is being
handed a trillion dollars, ask him, when's the last time you worked on commission? And what do you remember about that?
So Elon has set up these goals with the board of directors and we're ready. And he has hit
his goals before from the 2012 pay incentive plan, from the 2018 pay incentive plan that has been
nullified by a judge. And so we've got this new plan for him. And what does it mean to the owners
and the investors in Tesla? It means you can almost take these things to the bank yourself
personally. If you invest in Tesla and Elon hits his goals, just take your share total right now.
Take the dollar amount, take the share number amount, and multiply by
seven, seven and a half, something like that. And that's what your share total will be,
what your account total will be if Tesla win, Elon hits these goals in the next 10 years.
Don't forget his last 10-year plan was mocked. It was laughed at. It was scoffed. This is ridiculous. No one can take what kind of idiot
would accept these terms. And Elon hit all of the goals in three years, not 10. So you're telling
me this new pay plan is out of reach. It's not going to happen. It's ridiculous. Okay. You bet
on whoever you want to. I'm betting on Elon Musk and this new incentive plan. Thanks very much,
Wolf. This is much, Wolf.
This is exciting.
Yeah, great run down there, Landon.
I would even take it one step further.
I would just say this is a growth plan for Tesla more than a pay plan for Elon.
When you look at some of the metrics,
dive into what the KPIs are
and what he's got to hit and stuff like that.
So I really like that piece.
I do want to get around to some of the rest of the panel
that's joined us up here.
Landon, really appreciate you kicking us off strongly on this conversation today.
Eddie, thanks for joining us up on stage.
I want to welcome you to the conversation and see if you've got anything on your mind,
anything around what Landon was hitting on or anything else going on in Tesla that's
got you excited or paying attention to.
Hey, thanks, Sam.
I wanted to add to Landon's Energy about Tesla's Energy.
So what they did with the Megablock is it's kind of like a new solution.
It's for long duration.
What they had before with Megapacks is for two hours and four hours deployment.
And so with the Megablock, it's an eight hour deployment. And so what the some of
the things that they did was they added more batteries into the Megapack three. So for longer
storage, and then on top of that, I think what they also did, and they, Elon confirmed this when
he responded to Omar, is they're going to start building transformers. These are like really
scarce, you know, items that you kind of have to wait a long time for, but they're going to start building transformers. These are like really scarce, you know, items that you kind of have to wait a long time for.
But they're going to start building transformers and they've reduced the number of transformers
per cabinet, per battery cabinet, because these are longer duration systems.
They don't need to discharge electricity as much, so they don't need as much transformers per system.
So like with the Megapack 2, they have two battery cabinets for every transformer. Here,
they're doing four battery cabinets per transformer. And these are really expensive
components. And again, they're scarce. So Tesla's going to be adding to that by building their own transformers.
And the system, I think, adds more options.
So this is more like citywide solutions.
So I just wanted to add those additional details to Landon's energy topics.
Yeah, maybe for myself and maybe for somebody in the audience,
is there kind of like a what's the too long didn't read type of version of what the mega block is?
I saw memes everywhere.
I've looked at it a little bit myself,
but I haven't really had the chance to fully dive in.
And it's funny because I just started seeing the mega block memes everywhere,
especially our friend Omar sending some great ones out there.
But the way I understand it, this is like multiple Megapacks together and it's a big solution.
I mean, I saw a 25 year lifespan and something else on it.
Well, it's different than a Megapack 2.
So like for Megapack 2, what they did at Cortex, it's so, you know, with a data center, you need the electricity faster, right?
And that's why you're talking about a two-hour and a four-hour solution.
And so you need electricity immediately when your, you know, your GPUs are going to ramp up.
And so with the mega block, these are eight-hour long-duration systems.
And so they're for longer, you know, therefore, like, discharging the electricity slower over a longer period of time.
Other solutions are like EOS.
So they use a zinc bromide system and they're also long duration.
The difference with Tesla is they have like a complete end to end solution.
solution they control the BMS for the battery they control you know they have auto bidder for
They control the BMS for the battery.
like day trading the energy prices and they have an EMS the energy management system for controlling
the energy of the whole system they have really the only end-to-end solution for you know this
type of stuff but now they're getting into long duration as well. And I think this just puts them at a
bigger position to control more of the market. Well, that's great. The stuff that Eddie adds
in the details is really, really good. It's amazing. See, I'm just a simpleton. One of my
favorite movies is Christmas Vacation from the 80s with Chevy Chase playing Clark Griswold trying to put on the perfect family Christmas.
He puts up 78 million lights on his suburban Chicago house, right?
And so the scene that makes me really click in here with Mega Block and Mega Pack 3s is when he finally gets the lights to work. He jams
that extension cord connection together, and then they flash down to the emergency that it causes
at the local power station, and they run over to the wall, and they grab this huge handle, and they slam it up to engage the nuclear
backup power for Clark's house and his Christmas lights.
And so if you jump forward from 1986 to 2026, Tesla's going to be building these Megapack
3s and putting them together in the Megab block in Houston, Texas. I love it. Haiti is the
west side of Houston, and that's where they're building Tesla's newest mega factory that will
be online next year building these mega blocks. And so when the grid needs that emergency power, that extra boost. Sure, it's not one house of Christmas
lights, but when they need that, instead of running over to the wall, the computers act in microseconds
and sustain the grid with what Eddie's talking about. That's why we're talking about duration,
because you don't need 24 hours of backup power. You know, eight hours is a huge
extension and will likely only be used in the most extreme of situations, but that's when you need it,
right? That's the emergency. That's Clark Griswold putting up all those Christmas lights. And that's
what I think about when I think about MegPack, MegaBlock, backup power.
Yeah, and just to add to that, Len, and I would think that they're going to probably do this at MegaFactory Shanghai as well. Because, you know, you need, I think this is, again, this is a new solution.
This is adding to their other existing solution, and they're going to need this worldwide.
Isn't it great to watch Tesla come up with a cool product,
something that is advancing our technology into the future?
And so they don't have to build them in one place.
Right.
They can build them around the world.
This can be duplicated,
and that's what makes Tesla a global company.
And Lars told us something live on stage
at John's X Takeover this summer.
Lars was there, VP of product development, and he is talking to us about Tesla.
And he's saying that we do these things not because they're easy, but because the world needs solutions.
It's not true that solar and wind and renewables don't work.
You just need a solution from the smart guy in the room, which is Tesla.
And so they've got this.
And yep, Tesla builds the cars in America that are the most American made.
They do the same thing in Germany.
in Germany. They build cars in Germany that are the most German made. They build cars in China
They build cars in Germany that are the most German made.
for the Chinese people that are the most Chinese made. And so this is what they're doing with
Megapack and Megablock. You can build these around the world so you don't have to ship them all the
way over there. You can build them over there as well. And that's the advantage of building local.
I saw some pictures that Sawyer put up of that MegaPack 3.
And I was looking at the pure size of it.
I mean, it honestly looks like it could be four Cybertrucks almost if you just stacked two on top of each other and put them end to end.
I mean, the thing is, if you haven't seen it, go to Sawyer's page.
About nine hours ago, he posted a picture of himself.
So you want to see the reference.
You see himself next to it.
You see a Cybertruck come up in front.
I believe it's a Cybertruck there.
Just absolutely incredible what they're doing.
Just pushing the boundaries.
Just always continue to push the boundaries. It's funny, you made a point there, Landon,
the eight hours thing. How often does somebody need backup? I mean, you don't need it until you
need it, right? But eight hours, that'll get you through a night, a cold night, a hot night,
wherever you're at. Eight hours seems pretty standard, pretty much like, hey, that's something
that most people could use and have.
But at the same time, do you need that much more than that at your personal house?
I don't know.
These are big, big units, and they're expensive.
It's not a household product, but this is what your local town, your municipality can do.
Or you can do it for a large corporation, or you can do it for a
data center. And when, so there's a little, there's different applications and it's flexible to meet
those. If you put a Megapack 3 in your town, you probably won't even know how it's working. It is
storing energy. It's filling up and charging this shipping container-sized battery pack full of the most advanced computer battery management systems.
And you use it for when your grid gets weak.
We've seen cities that have rolling blackouts.
They have brownouts where the power dims.
And that's when these things kick in.
When everybody gets home from work and cranks up their air conditioners at their home,
we got to cool it down for the family.
And then the kitchen comes into play.
Everybody fires up their ovens.
And so there we go.
We got more electricity that we need.
And if we get to a tipping point in the town
where everybody's doing that at once, maybe the power goes out. Maybe we've got brownouts,
but not with Megapack because those kick in and support the grid. And the other application that
you and Eddie talked about is for supporting data centers. We might decide on purpose that we need an extra shot of power
in order to spin up those GPUs, and we want it right now.
And so that's the beauty of Megapack.
You've got it stored right there for a huge burst of power
when you want it, not just when the grid can handle it.
So when they started their presentation last night, sorry, just quickly, they said that the grid is woefully under, you know, size right now.
And, and I mean, it's something that I don't think people are aware of and, you know, a concern that enough people have, I think.
And I think that they're trying to address the problem ahead of time.
They're trying to, you know, the demand is going to be there, not only for like the data centers that people are building with all the AI training and stuff like that.
And they said that's going to result in 10% of the grid usage.
But, you know, everything that Landon was talking about, our grid is way, way undersized. And so what the Megapacks does is
it buffers a lot of that energy so that you don't have to go up and down, you know, in the production
of the electricity. You could just steadily produce it and buffer it in the Megapacks and
then release it when you need it. Boy, I'm glad you brought that up. That was really,
really good, Eddie. So because a lot
of us don't know what it means as laymen. What is the grid? You know, what does that mean? The grid
is undersized. Well, the grid is not a simple static thing that was put into action in the 1950s
by General Electric or whatever other ideas my brain can come up with about what is the grid. The grid
is constantly growing and evolving, one transformer and one house at a time. So the good news here is,
and Eddie's right, we've got to be concerned about the future of the grid. But the good news is that
people are working on this every day, every week, and they have been, of course, for decades and decades and decades. You can't put a new subdivision full of 500 homes
in California like we see going up all the time without addressing the energy needs.
And so that's what we're talking about when we talk about building the grid, making it stronger.
talking about when we talk about building the grid, making it stronger, it's putting out more
transmission lines, building more transformers. And here's the thing. It is a problem for the grid
to try to run at 100%. It never happens. We saw last night in the charts, the electrical grid
actually is producing between 40 and 70% of capacity most of the time, and that's wasteful.
So that's where Tesla says we can do better with the existing grid while continuing to build the grid out,
and we can almost double the capacity of the current grid just by using it more effectively with megapacks. So here's what you do.
You run your power source, which is nuclear, it's coal, it's natural gas, it's wind turbines,
it's solar, it's geothermal. Whatever you got to create energy, you do that and you do it at a higher percentage. You actually work harder
and then you store the energy that you don't use in the Megapack and you put it back in the grid
when it's needed. That way, because the grid wants to run at higher power, but it just can't do that
because it's either too little or too much,
and Megapack is the solution. You think about it from a surface area,
or surface level here, the first thing that everyone looked at was, oh, AI, it's going to
do this, it's going to do this, and then we get a few months into AI, and then all of a sudden,
everybody realized the amount of sheer energy that's going to be needed here. So obviously, that is a huge piece with all the data centers and stuff as well.
Everything has to do with AI. The huge talk that we hear about all the time is energy, energy,
energy. And they're saying, okay, well, is it nuclear? What is it? What is it? But storing it,
I mean, that's a whole nother solution, I think, that people aren't talking enough
about either way.
This is really interesting.
I'm glad you guys brought this conversation up here.
Another thing, when I think about the storage side of things and the grid and all this stuff,
you guys kind of sparked a thought here.
And it's like, okay, people are trying to generate the energy, but where are they going to put it?
When are we going to need it?
Can you turn it on more?
Can you turn it on less?
And then what happens if these data centers go down?
I mean, we saw something like CrowdStrike, which they had a different type of outage,
but still shut down global travel.
And I think about what if one of these major data centers goes down and doesn't have power, if we talk about the Texas grid is separate
from the other two grids in the US, something happens like who's powering this stuff and how
do we access everything? And then it brings it down even to like you and me and each of you up
here. So many more, I mean, not only do we know AI is going to use more energy, but how much more
energy are we each using in our homes every year? I mean, I've noticed just over the last five to 10 years,
I have more and more and more devices plugged in every month, it feels like.
It's just some type of, hey, here's another new device.
We plug in this Amazon Echo over here.
We plug in this TV or this monitor, whatever it is, you know, chargers everywhere.
It's more and more, I think, the public, as technology keeps coming out,
we're using more and more power, and they've got to become more efficient with that. And
then at the end of the day, we hear people call Tesla car company. It just blows my mind.
I don't know. Lane, did you have any comments following up on that?
I did, because I want to share some good news. And again, I'm a contrarian, so this fits me perfectly. The good news is
actually it will be better for us in the future to use more energy. Because of what we were just
talking about with Eddie, because the grid works better when you can actually run it closer to
full throttle, we need people to use more energy in the new energy future.
And we'll talk about that more in Tesla's the solution. You might be asking yourself,
why do we need Tesla for this? Why can't we just have any company put a whole bunch of batteries
in a shipping container and ship it out around the world. That sounds doable. Well, it is doable. And other companies do this. BYD, there's a list of companies. You can
buy a huge battery with a big computer from a lot of companies. But the problem is there's not a
one-stop shop. There's not a one coordinating company where you can do this. The other big batteries that you
buy, you basically have to source the components, ship them to the site, and then hire a third party
to try to put them all together, then hire another third party to try to get it up online, then hire
another third party to watch it and keep it working. And with Tesla, you've got one solution. Tesla
takes care of everything with the top tier technology solution.
Kristen, I've seen you up here patiently waiting. I tried to get you in a little bit earlier. I think
we had a connection thing, but we've got you up here now. I would love to welcome you to the
conversation, to the stage. Thanks for being here.
Didn't know if any of that just sparked any thoughts in your head or if you had anything
else on your mind today. Yeah, I mean, I think everyone was watching the MegaVegas event yesterday
with the MegaPax, and it's exciting to hear everybody break it down and just explain it.
Tesla really does share with the world the vision as it moves forward. That master plan for,
it was unconstrained sustainability to abundance.
And with what Landon was saying,
I just want to read a little piece of it.
It says, today we are on the cusp
of a revolutionary period prime for unprecedented growth.
I think a lot of us watch AI and we see it all happening.
It says, Tesla says, this time it will not be a single step,
but a leap forward for Tesla and humanity as a whole.
The tools we are going to develop will help us build the kind of world that we always dreamed of, a world of sustainable abundance,
by redefining fundamental building blocks of labor, mobility, energy at scale and for all.
And we're seeing the optimists, we're seeing the mega packs.
And like you guys are saying, AI and the demand for energy is just hyping.
saying, AI and the demand for energy is just hyping. And what Landon's saying is providing
more energy, providing ways to keep the storage and to keep the energy from fluctuating so much
and the grid growing. I think it's important. And Tesla is ahead of the curve, as we see with
the supercharging network. They were ahead of everybody in a lot of ways of making very
efficient ways for society and humanity as a whole
to go forward with with energy and the way it's going and I think maybe some of you guys saw
Max de Zegler I believe that's his name the guy in charge of the supercharging network that
businesses can now purchase out of the box supercharger so that that's pretty cool another
another thing that Tesla's offering for people to use going forward.
Have you been tuned into the Las Vegas event? I have so much going on. We have a new baby here in my house, so I just got a lot of stuff going on. But I am curious if you've been following
along, what all is going on out there? Obviously, I saw in the news headlines, I saw a lot of this
stuff. I've been digging into the mega block and some of these different things. It's just incredible. But what else is going on out there in Vegas? Is it mostly centered around this piece or are there other things happening as well?
watching the Cybertruck hoping it's you know gonna you're gonna be driving through there as a
robo taxi going forward and just uh the cyber cab itself um but I think we saw Sawyer Merritt our
community member out there representing everybody and getting some good footage on the on the on
the mega that what do they get the mega am I saying it right but the mega event but um I didn't I
didn't catch it all I saw some of. I had a lot going on yesterday.
So it looks exciting.
And it's just another event that Tesla is showing that, like what Landon was stating about the Megapack 3 and all the different things that it's offering.
So I don't know, Landon, did you want to share on that?
It sounds like you probably took in more than I did.
Oh, no, your recap was great.
Your recap was great, K10.
It's just lovely to hear your take on things because you've been here for so long and you've been following the news for years and years, longer than I have.
I love to get your long-term perspective on things.
Yeah, I got that there is a big energy conference.
You know Vegas.
They don't make their money on Edna and Jim coming out from
Iowa and dropping $100. They make their money on conventions and packing people in by the
multi-thousands. And so there's an energy conference right now. And at the Las Vegas
Convention Center, which is just off the strip south of town.
They put in, this is where the first Vegas boring tunnels were started,
just to get from one side of the convention center to the other.
I remember I was down there in like 22.
I got to ride through the boring company tunnels and talk to the boring company employees as we drove
the Tesla through the underground tubes. And here's the deal. They've got this convention
center and it took 17 minutes for people to walk from one side of the convention center to the
other. Now, these are not athletes. These are not professional trained people. These
are average Vegas consumers. So you can imagine them 17 minutes of walking, or you can get in
the boring tunnel and be there in less than three minutes. And since they've expanded that tunnel
across Vegas, the casino owners are raising their hands left and right saying,
come to my casino, come underground, we'll build the elevators, we'll build the tunnels,
and just bring these people to our casino. So all the casinos are lining up. The airport is next,
the NFL Stadium, Allegiant Stadium in Las Vegas, that's next. And you're going to be able to jump into a Tesla underground.
It's 60 degrees in Vegas and not 120 like it is up there at noon in the sun.
And so this is where they held this Mega Pack 3 Mega Block Tesla event.
It was in a boring tunnel in one of the terminals underground, and it's absolutely
futuristic and beautiful, just as you can imagine. So that's what they did. I think they did it in
Vegas because of this big energy conference, and then they kind of took over and shocked the world.
See, that's an electricity joke. They shocked the world with these new products that are stepping up to not
help people keep the lights on just in their house. Think on a bigger scale. This is to keep
multi-city complexes up and running. Thanks again, Kristen. I love your take on this stuff.
Kristen, anything else that was on your mind or that you've been paying attention to there's so
much going on obviously that's stealing the headlines and i i knew we would end up hitting
on some of that with the amount of like i said i saw memes everywhere i was like what is this
mega block are people talking about transformers i was like what's going what's going on here
uh obviously the the elon compensation package was the big thing there's some other stuff going on i saw the model y uh l long range over in china was actually sold out for september so i didn't know
if there's anything else going on uh that you uh that you had on your mind or wanted to share or
talk about today well i think there i think i think we covered it all but honestly like watching
the cybertruck being delivered or taking order over there in Korea and what you've got, what you just stated in China, there's just so much the master plan for Elon's compensation package or, as Landon has stated, a 10-year plan that in a whole lot of things it doesn't say and a lot of truth that it omits, which is really wrong.
But anyways, to hear how things really are from Tesla is really great to hear going forward.
But there's a lot going on.
So I'm watching it all and trying to keep track of it.
Tesla is like growing like it's got like an octopus, eight arms out there everywhere.
Kristen, we've seen all the haters through the years.
Right.
And I've got this theory.
I think our buddy Omar has got a similar theory that there has been two previous time periods with Tesla to where things were growing so strongly.
The haters really came out of the woodwork.
And we saw this in 2012 before the Model S came out.
We saw this in 2018 as the world of pain to get the Model 3 into production, sleeping on the factory floor, working on the assembly lines.
Elon was down there with the team.
And the haters really came out because they don't want to make this work.
They want to make their money by shorting the stock.
Or frankly, they just don't have the vision.
They cannot see the future that we see.
They can't see how to get there.
And they're stuck driving their gas key is to the grocery store manually and they and this
is they just don't have any idea of where we're going or how to get there and i'm seeing this
happen again right now in 2025. it feels like things are about to burst it feels like the knives
are out whether it's elon or the product or the future or the stock price,
people don't believe. And if you want to believe, I'm not asking for blind hope. All you have to do
is look at what Tesla is doing and in how many areas they're doing it and at the top level of
performance that they do it. And that's what gets me excited when i see a company doing real
things with real technology and real plans for the future and watching the successes
roll in one after another that's where we are
i think i heard penny's voice sneak in there for a second penny are you with us
i am sorry i've been quiet today not feeling well and also very busy but the one thing
that i wanted to throw in that i hadn't heard anyone talk about in the time that i've been
in the space at least is we saw version 2.5 of optimus this week. And for me, that's a really big deal too.
And not only that, but if you read between the lines a little bit,
not only is this sleeker version 2.5 of Optimus that we saw,
not only does that exist, but apparently version 3 just hasn't been shared yet.
What I read between the lines is that version three exists and no one has seen it, which means there's an even sleeker version of Optimus than those 2.5 version that was released to us.
What I read between the lines is that version 3 exists and no one has seen it,
And I'll tell you what, that looked a lot more like a polished, finished, consumer-ready product than even the version 2.0, which was already a phenomenal robot, right?
which is already a phenomenal robot, right?
So I expect, especially now that there's a clear path forward
for Elon and his compensation package,
for Tesla to continue to really double down on the automation,
whether it's growing out that RoboTaxi network extremely fast.
Like, I didn't hear a lot of talk about that
because it's, you know, almost old news now that they're doing that.
But then also, I think, you know, we're going to be shocked over the next year or two what
sort of releases and capabilities and the growth that we're going to see from the Optimus
robotics platform.
My personal take is that that's the future.
Elon agrees, but you can only hear, you know, $25 trillion company so many, so many times, uh, you know, without questioning
it and thinking like, is that really possible?
Is the world really going to change?
Is everyone really going to own their own Optimus robot?
Is there going to be more humanoid robots than there are humans?
Those are valid questions to which my answer is obviously yes.
Why wouldn't there be each Optimist robot is going to be a profitable
like labor machine it's just going to do what you want it to do and the value of the labor that it
performs is going to be much higher than how much it costs to create it so what do you do when you
have more or less a labor printing machine it's's kind of like a money printing machine. If you could have babies and they were just like instantly grownups that would support
you when you're an old man, you'd have a million of them, right?
Like you don't even have to raise them.
You just build them.
And that's the thing with these Optimists is it's just going to be more metal, more
lithium, more plastic, whatever the ingredients are that build it.
Tesla is so good at supply chain and
manufacturing. It's going to be those ingredients in and Optimus out on the other side. And each
one of them, I'm telling you, it's just going to be worth so much more than what they charge,
even if they charge an arm and a leg, especially, you know, when we're talking about, say,
a generation or two from now, when we're looking at Optimus 4
or Optimus 5, you know, I personally believe and have for about 15 years, you know, I created a
no-limit hold'em poker AI bot 15 years ago, way before ChatGPT or anything brought AI into the
mainstream. And my vision ever since then was when companies like Tesla,
big rooms of people working on these AI problems, you know, like just swarms of people that are
smarter than me and better than me at this stuff. There is nothing that we will not be able to do
with AI and robotics. Everything is possible. All of our jobs are doomed. The whole world is going
to change a job is going to mean something different. And that our jobs are doomed. The whole world is going to change. A job is going to mean
something different. And that's coming from Tesla. So yeah, my two cents is I can never make it a
week without getting excited about Optimus. Man, Penny, you know, I love, I love what you're
talking about there. You know, I was a amateur poker player myself. And so I know what you're
talking about there with the software. And I, and I just have to give you props. When I see you post, you're posting love. And when I see you post,
you're posting about your kids. And you're such a great dad. And I love being a dad myself. It is
my favorite job on the planet. And robots can't take that away from me. But I think about our host and his new baby.
Can you imagine the world that his baby is growing up with Tesla products?
And this is just a sustainable, abundance future that's going to change everything for the better.
And it's going to be so interesting to watch it happening in real time.
Penny, you're the best.
We can focus on our real jobs, like being a good dad.
I mean, so many people have, like, they really struggle, right?
Because it is hard to be a good dad to your kids and also a provider simultaneously with
inflation and everything else that's been going on.
It's not easy to do both, right?
And maybe, just maybe when we don't
need to pay for everything, we'll have time to be good parents. I'm so excited that more people
will have the opportunity to do that. If there was a perfect spot, I appreciate the really kind
words there as well. But if there was a perfect spot in this conversation, I think it's right there on that note. I mean, what a beautiful way
to wrap up. Another great Tesla Tuesday conversation. There's always so many things
going on, so much to talk about. Big shout out to the crew. I know some of our regulars are out
there in Vegas right now and tied up with that. So a lot of things going on right now. And then the Apple event. So those that love
technology. Now, with the caveat, Apple is not really like known for innovation these days,
but they still do have a lot of technology stuff. It's always interesting to watch that event just
started. So I'm going to end up this space and turn some of my attention over there to Tim Cook
and see what he's got for us. And boy, I'm just fans of technology. But when you talk about technology, I think Tesla, that T right there, it's got to be
the first letter of technology these days is Tesla and everything that they're doing. What a great
show. Appreciate all the speakers that came up here, Landon, Kristen. We had Dustin with us for
a little bit earlier. And then my co-host here, Penny2x. Make sure you follow all these great
speakers up there.
And we appreciate everyone that tuned in.
We'll catch you guys on the next space.
I do have to jump over.
I'm going to be watching this.
I've got some other spaces and stuff coming up as well.
And probably a crying baby in the background at some point today.
So we got through this hour without it.
Thanks, Eddie, for coming up.
Thank you, Eddie, for your electros.
Eddie, yes, I'm sorry.
It was Eddie.
That's great.
Yes, Eddie, I am sorry I misspoke. Thank you, Eddie. Hopefully we electros. Eddie, yes, I'm sorry. It was Eddie. That's great. Yes, Eddie, I am sorry I misspoke.
Thank you, Eddie.
Hopefully we'll have Eddie back on next week.
I'll definitely have to reach out and make sure that happens.
Thanks, everyone, for tuning in.
I'm going to close this out.
If you missed any of the conversation, there is a recording that will be available as soon
as I close this out.
Take care, everyone.
We'll see you guys now in the next show. Thank you.
