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TESLA DEEP DIVE🔋
Recorded: April 15, 2025 Duration: 1:01:12Space Recording
Short Summary
Tesla is experiencing significant growth and innovation, with its stock rising and the company outselling competitors in the EV market. The launch of new features, including FSD unsupervised and a lower-cost Cybertruck, reflects Tesla's commitment to expanding its reach and enhancing user experience.
Full Transcription
Thank you. Good afternoon, everybody. good afternoon everybody welcome into today's tesla space fun day fun day that it is hope you
are all doing well by the way penny i noticed that you're uh your banner now i made it in the banner
dude that was such a fun interview i had to put it up in the banner
love to see it love to see it. Love to see it.
Yeah, that's very cool.
Appreciate being a part of it.
What a time to be alive in the world of Tesla.
A couple of interesting things going on lately.
So the stock is green today.
It's up 1.3%.
It's been kind of traversing for the past week up about 7.7%.
And it's also green on the month, up 5% on the month, but obviously still down year
to date. So what does that mean? It means that we fell pretty hard year to date until about March
10th, and then we have basically just been basing for most of the last month plus, which I think is
a good thing, as some stuff has absolutely tanked during that time that Tesla's held up pretty well.
Other interesting things. So I saw a cool tweet today from Joe Rogan that he tweeted
out about FSD. He said, I had my Tesla Model S drive me home the other day with FSD and it's
fucking wild. Changes lanes to avoid slow traffic, stops at red lights and stop signs,
hits the blinker and turns for you. It is bananas. That was from Joe Rogan. So that was pretty cool to see that he was posting
about it. And there were some fun videos about Tesla FSD going around. Apparently, it even auto
folds the mirrors when you go through tight gaps. So it seems like it's very, very capable. And
they're just adding more and more unique little things that continue to keep coming through. So
very cool to see all these different pieces. There was a post
from Robert Scoble where he said, you know, AI, the Tesla FSC was driving him in the fast lane,
and all of a sudden it launched, launched across the yellow line. And he thought that
it was, you know, going too close to some other things, but it turns out it had actually like
saved him. It had kind of like aligned him because there was a motorcycle list that he hadn't even seen so pretty cool stuff
just continuing to come through a lot of uh success stories and it seems like things are
just improving and getting better in these areas so i ignore some of the noise the product is
continuing to improve from everything that we're seeing um there's some interesting stuff on
sewers timeline um obviously that that refreshed Model Y is a
big thing that people have their focus on right now. It seems like the S and the X are not really
contributing largely to Tesla sales. So I do think people want to see a bit of a refresh on those as
well. This was kind of cool. In Q1 2025, Tesla outsold the next 10 EV brands combined.
So the 128,100 EVs more than the next 10 EV brands combined. Let me see if there's anything
else that was standing out to me right now. Yeah, not too much else that I'm seeing right now. I
think that those are pretty easy things, pretty interesting things. Oh, first ever Tesla sales service and delivery center in New Hampshire
opened today. So keep your eyes out for that. And then, oh, last thing that I was going to point
out, I thought this was a really interesting post and I'll turn it over to Omar to kick into it.
So Tesla spring 2025 update is officially starting to roll out to owners. And there's a bunch of
different stuff that has been added to the car. Some of the highlights include adaptive headlights available in the U.S.
and Canada. There's a blind spot camera feed that's now available on the instrument panel on
both the S and the X, which a lot of people I think were pretty happy about. In addition to that,
you had the vehicle side cameras, the B pillar are now recorded to both your dash cam and
sentry clips that
increases your total number of camera views from four to six so a nice 50 upgrade there and a whole
bunch of other tools that are in these different pieces you know cybertruck automatically transitioned
to comfort drive mode when autopilots engaged lane departure avoidance for cybertruck keyboard
language is added so they've just continued to put put a ton of stuff into these cars um pretty
cool right it's not like most other cars where you buy it and that is the car that you have uh
you bought that car that's all that you get um they continue to add new things and it just
continues to upgrade so very cool to see awesome all right omar how's it going hey it's going good. So, man, yeah, it's a really crazy, exciting time. We're about one week away from the Tesla earnings call and the company update. So I think they're going to have some pretty exciting stuff to share with us for earnings in one week. And I'm looking forward to that.
and I'm looking forward to that.
It was really cool to see Joe Rogan's tweet.
You know, you are seeing a lot more people
start to talk about what's happening with FSD.
I mean, we're still using the same update
we have from November,
but it's really started to get to a place
where it does all your drives for you.
It very rarely makes a mistake.
Sometimes you are going to make a
mistake and it actually knows the correct way to drive. So, you know, someone with an audience like
Joe Rogan starting to talk about this, talk about this on X, talk about this on his show.
You know, he obviously has a massive audience and this thing, you know, it's just incredibly
valuable. I think a lot of his audience is probably going to go try it for themselves
and they're going to be amazed. We've entered a new era now, uh, for self-driving
that Tesla has been working towards for five years and that is FSD unsupervised. So FSD unsupervised is just
like FSD except now it's gotten good enough that you don't have to watch it.
So with FSD today you have to watch it and it makes sure you're watching it. It'll
actually turn it off if you're going on your phone too much with this
new version of fsd you don't have to watch it at all the car doesn't need a driver so tesla has
launched this new version of fsd in their factories already they were doing it in the fremont factory
a while back and now they've launched it in their Texas factory as well.
So Model 3s, Model Ys, and Model Ys and Cybertruck in Texas are now, once they're made,
driving to the outbound logistics lot themselves about a mile.
And Tesla shared that they've done about 50,000 miles
of FSD unsupervised so far.
So these first 50,000 miles are, I think, kind of a
historic turning point. And in just a couple months now, just about 45 days, they're going to
be in June. And June is the start of rides launching to the public. So you'll be able to go to Austin,
open the Tesla app, and call a driverless Tesla to give you a ride. And once they've launched
there, if all goes well, they're going to quickly expand across the U.S. and across the world.
Their software is now working in China. It's now working in Europe, pending regulatory approval.
So when you look at other self-driving systems, they maybe work in one country.
You're now seeing this in three different continents, three very different continents.
So, you know, people really don't understand this pivot that Tesla has done.
They say, well, you know, why didn't they release new more car models?
Why didn't they do this or why didn't they do that?
They compare them to other car companies like BYD when they really made a major strategic shift to focus on training these
AI models that can drive the car rather than, you know, just making great vehicles like they always
have. And this has confused a lot of people. It's caused a lot of people to say, you know,
confused a lot of people. It's caused a lot of people to say, you know, they're nuts,
this is never going to work. But I think in the next year or so, we're going to see this
strategic shift pay off in a really big way. So that's really exciting to see. And I'm excited
for the company update next week. You know, the new Model Y, we're seeing a lot of reviews, is that people are just loving it.
I think it's really the greatest car for most people.
We also saw this week a new version of the Cybertruck released.
We've been waiting for a low-cost version of the Cybertruck.
This one was about $70,000 before the tax credit.
With the tax credit, it's about $62,000 before the tax credit. With the tax credit, it's about $62,000.
So, you know, we are starting to get more affordable. And this version of the Cybertruck is much simpler. You know, it's got 350 miles, but it's missing a lot of the features that the high-end version truck has.
Some actually pretty cool stuff, like, for example, the powered tonneau cover, the air suspension.
And, you know, a lot of people were confused.
confused they said what the hell is this you know why is it missing these features but i think for
They said, what the hell is this?
Why is it missing these features?
a cyber truck to really live up to its full potential to grow to handle you know most of
these trucks when you look at hundreds of thousands of f-150s sold most of these are not luxury
personal vehicles for people these are governmentets, these are commercial fleets
doing work. And if you're just buying a fleet for your workers, a lot of these niceties and frills,
I mean, you don't necessarily need an air suspension that can break if misused. You don't
necessarily need vegan leather seats. You don't need a TV in the back,
which is on the higher end version of the truck. So I think they've done something really
interesting here, which is keep the ASPs high, get people going for the $80,000 version and the
Cyber Beast, but starting to introduce this sort of much simpler version
to the truck that can be a work truck and I think the price is going to continue to come down over
time as they scale this scale up the battery cells and I think we're starting to see a blueprint here
for Tesla to bring their vehicles to a whole new price segment that they weren't touching before.
So this is really, I think, a time of massive change for the company.
These kinds of really simple vehicles, I think, are going to be very important to the company as they scale autonomy.
And yeah, so for the earnings next week, we saw an introduction of their most important and most popular product.
You know, the Model Y is like the iPhone for Tesla. Both the iPhone and the Model Y make up more than 50% of Apple and Tesla's revenue, respectively.
So this is an absolutely huge product for them. They ramped it up in four factories in the same
time at the first quarter. So that not only led to less production and deliveries, but the company
has also told us that it's going to see a hit on margins as a result of increased idle time
and lower utilization during the quarter. So things won't be that great from a financial perspective
and people will probably criticize them for that. But the company update, where I think they're going to unveil their new,
more affordable models, and the fact that they're launching FSD unsupervised,
that I think is by far the most important thing that happened in the first quarter.
So, you know, it's just such a funny situation right now. All the negativity, all the people attacking Tesla, while they're, you know,
really gearing up for, I think, one of the most legendary pivots in the history of the automotive
industry. The auto industry, I think, in the future will really be a side business for them
in the future, much the same way that the Macintosh personal computer line
has become a side business for Apple. Still a big business, but not necessarily the future,
what they were originally known for. So really these AI models, you know, they're exceptional.
Even the best models in China, the best systems in China are several generations behind Tesla FSD from what they've tried.
This is the first pure AI solution to self-driving that doesn't need a bunch of sensors, that doesn't need a bunch of mapping, that can just look at the world with cameras the way you do and drive any car.
So, yeah, I'm really looking forward to that company update
next week I think the team is really killing it and you know we had that spring softer update as
well I won't say too much about that but they're just always sending us little updates to make our
car safer you know just a few little things they did updating updating the rear camera view. So it's easier to see people
who are crossing when you reverse, like, you know, they're always just making little tweaks
to make your car safer. And nobody else really does that. Nobody else is thinking about you in
that way, has that level of empathy for their users. So it's always just a fun thing when you
get the car,
you know, normally you get a new car and it doesn't get any new features until you buy the
next car three years later. With Tesla, they're always sending you nice little improvements,
you know, things that make you happy, things that make you safer. I love on the supercharging
screen, you can now ask to get the, you know the fastest trip you can ask it to
stop at the superchargers with the most amenities restaurants stores things like that so there's a
ton of new features and um yeah nobody else really does softer updates like them so yeah looking
forward to the presentation one week from today i didn't catch the fact that you could
search for superchargers with amenities uh when you travel now that's awesome i'm always looking
for a spot where i can get a coffee or use a restroom when i go to the supercharger and what
a difference it makes to be able to plan that ahead that's super cool i also liked the fact
that in this most recent software update, they increased the number
of cameras in sentry mode. There were a few times when the Tesla vandals may have got a face shot
if the other additional cameras were enabled. I think that's pretty cool. But the FSD unsupervised
coming up is obviously the software update that we're all waiting for. I absolutely cannot wait to get my hands on that.
When I talk to people who use FSD now, I think I'm not the only one that has this habit.
Pretty much the only time that I disable my FSD is if I'm going to do something that FSD doesn't allow me to do.
going to do something that FSD doesn't allow me to do.
Like if I want to send a text on my phone
and I don't want my FSD to strike me out
and not allow me to use it for a week,
then I'll turn it off and send my text message real quick
and turn it back on.
But supervised means that I don't,
that's so dangerous.
How ironic is it that I'm turning off a safety system
to do something that is less safe,
right? And soon you won't need to, like the system is going to be fully capable of driving
with no supervision. And that's just super exciting to me. I can't believe that we're only 45 days
away from when it's supposed to launch in Austin. I mean, that just blows my mind.
Do we know?
I don't know.
Omar, have we heard more specific dates
in terms of being able to plan travel around that
and go to Austin for the event?
The event meaning the company update
or the launch of the Robotaxi service?
Yeah, the company update's different. I'm talking about the launch of the Robotaxi service. the company updates different i'm talking about the launch of
the robo taxi service like yeah we have a date for that they've just said june they haven't been more
specific than that but i'm guessing they'll give us an update a week from today yeah that makes
sense i mean i know there's a lot of people that would love to be there when the first rides take
place i know i'd love to be one of them so that's something
that i'm looking forward to uh let's see what else did i have here the uh the new cyber truck
version the one feature that i wish that they had in the lower one you know there's a bunch of nice
to have like obviously i want to have an air suspension and and obviously like the the tonneau
cover would be a great upgrade but the the uh the the plugs in the bed
right the ability to plug in your tools and stuff i wish that that was an option in the cheaper
cyber truck it seems like that's one that would be popular in the work truck scenario that they're
talking about but it is super exciting to see a much more accessible version of the cyber truck
i mean every ten thousand dollars that you go down in price
opens up the number of people that can buy the car by a ton. The new model-wise, oh my gosh,
every time I see them on the road, I love them more. First of all, they're beautiful. They look
like they're from the future, right? Like the light bars on the front and back are amazing.
It looks new and fresh.
It changes the way that the road looks,
but still you immediately know that it's a Tesla.
So I'm really super impressed with the way that the new Model Y looks.
They're popping up all over San Diego.
I saw the first one, I think like maybe just over a week ago.
And now it seems like every trip i'm on there's
another new model y on the road so it seems like they're ramping them relatively successfully and
definitely a demand for them at least in southern california so i love to see that um yeah that's
it right now.
Landon, what do you got going on?
Hey, everyone. What a great start to the show.
Wolf, amazing, amazing recap.
Of course, all of the details from Omar on the FSD and the upcoming meeting.
And Penny, thanks for your excitement on the new versions coming out there and your ideas
coming for model y the new version you guys are just killing it thanks for all of the great
information i hope i can add some good stuff the tesla community has been really active this week
i've been doing some traveling this week i stayed home but i had uh friends and cohorts at the texas
cyber truck rodeo part do the austin tesla club had a hundred cyber trucks and more teslas and a
dirt track and live music and they raced all over the Austin area and had a great time, showed off that Tesla
pride, showed off the beautiful Cybertrucks everywhere, and just had a great time. You know
how much I love the Tesla team, the Tesla communities that come together just to celebrate
this new technology and the family that we've built around it. Really, really cool. Omar talked about the new
model, the new version, the new trim level of Cybertruck. And I'm excited here because let's
face it, we've been in these rooms, we've been in spaces, we've talked about the pros, we've talked
about the sizable cons of a new trim level of Cybertruck, the new pricing starting at $70,000,
$69,990, but then you can take off all the other things. And so I really got into this and I looked
at if you want to own an electric pickup truck, what are you going to buy? I mean, it's not just
about what does the Cybertruck have and what doesn't it have and,
oh, I'm never going to buy that because it doesn't have a power, you know, vault cover kind of question.
When you break it down, the Ford Lightning and the Cybertruck are even the only electric
full-size trucks you can buy in that price range, in that $60,000 price range, a little bit less once you add those
federal tax credits. Take off even more from a lot of states, and you're solidly in the $50,000
range. And it is a lot of money. It's not compact car money, is it? This is full-size truck money,
and people are disappointed because they don't get all the fancy stuff. And
I certainly understand it. I really do. The Cybertruck is the crown jewel of the Tesla lineup,
isn't it? And then, you know, they got to do some things to get that price down. Prices are high in
America. Prices are high in the world. I'm really pleased to see Tesla doing what they can.
I'm really pleased to see Tesla doing what they can, this big challenge of getting this huge technology vehicle Cybertrucks. Boy, Tesla has nailed it. Cybertruck
is paying for itself. It's profitable. After less than a year, it was profitable. Rivian trucks are
electric and they're great and we love the brand, but they're not profitable. Will they be?
We will see. They're doing good work. Ford Lightning, they've stopped production on the
Ford Lightning. So yeah, there's our inventory out there because they can't sell them all.
But Tesla has brought us the ultimate electric truck and they're doing everything they can to
help include it in all of our lives. Thanks very much. I love this space. Love the people here I
see listening. Love the panel. Thank you very much you very much everyone landon were you at that big cyber truck gathering in austin i some of those like drone
videos and stuff were the coolest videos i've ever seen there's like something very magical
about i mean i don't know how many you said there was like a hundred it felt like watching the
videos it was a never-ending stream ofcks. What a cool thing to watch.
Really, really good. I was watching it from my couch, just, just like others, but yeah,
Josh West, 24 seven, Tess Latino, Josh, Pappy Hazel and his wife, everybody was out there.
Joe Pegsmeyer is famous for his drone drone flying skills and abilities around Giga Texas and about Starbase.
And he was out there doing that.
Yeah, it's CGI in real life to see the Cybertruck anyway, but the brain goes on overload when you see a hundred of them.
Thanks for mentioning, Penny.
That's really cool.
Yeah, they were fun.
Jackie, how are you liking your new Tesla?
I am loving this thing. Thanks for bringing me up penny i um as a new owner a couple of things that have surprised and delighted me
the safety i don't think i've heard enough before being a tesla owner about how safe this car is. I was driving down the road.
Somebody tried to take my spot in my lane, a lane changer,
almost ran into me, but my car responded instantaneously
in the self-drive mode and saved me an accident.
And who knows, you know, maybe I could have died in that.
But nonetheless, I don't hear enough in the non-Tesla community about how safe
that FSD is. And, you know, I'm here to tell you, the other thing that surprised and delighted me
was the level of community amongst Tesla owners. I'm now just kind of plugging into all this,
but I'm driving down the street in my sexy new red Model Y. This thing is just bitching.
And I look over at other Tesla drivers, of which there's a lot, as Penny mentioned,
in Southern California, and they wave at me and they smile at me. And we're like family suddenly.
I'm totally delighted by that. And I'm looking to plug further into the community. I got to figure out where to get this thing washed.
I want to participate in those,
those convoys and those places where they get together and make shapes with
the light shows.
And,
you know,
it's just fun.
It's just plain fun.
So anyway,
I just wanted to add all that.
Thanks Penny for,
for letting me talk.
Jackie,
do you have Tesla takeover tickets yet
because that's a big one probably the one of the bigger light shows and it's up in northern
california in a couple months no i do not but i'm looking into that tesla takeover okay yep i think
that's probably the biggest nearby one for us well if you can go i'll meet up yeah yeah yeah i'll be there all right
love it y'all appreciate you coming up here jackie how is it going kim
well you know what can you guys hear me yes you sound good i love all the enthusiasm. Like it is so fun to listen to you, Landon. You just get me so excited about just driving and Tesla and all the community things that you do that I didn't even know about.
I love it.
And if I was in Texas, though, my friend, I think I told you who was so anti-Tesla.
Remember, I mentioned this before.
You guys still hear me?
Sorry, my headphones are rigging out here.
Okay.
So my friend who is a, he trades stocks.
So we're good friends through trading was so anti-Tesla. Well,
guess what he bought now? He has the new Model Y in red that he just got delivered yesterday.
He's in Texas. So I might have to tell him he's down in San Antonio.
I wish he was listening to this right now. So yeah, I love the enthusiasm. So a couple fun things happened. As I mentioned,
I was down in Santa Monica, West Hollywood area for a couple of weeks. And interestingly enough,
I log onto my Tesla app and there's my husband driving it all over the place because when I'm home he never
drives it he drives his car and I'm like that bugger is taking my car everywhere he wants one
so bad so I did some funny things um when I was on the app I turned the heat way up to high.
And I could see him turning it down.
And then I turned it really, really low to super, super cold.
And then I kept switching the music on the app.
And he literally didn't know what was going on, right?
And I knew he didn't know what was going on.
And then the minute I saw him, and I am like dying laughing, you guys.
Like I am laughing so hard, just laughing at myself at my antics, you know, humoring myself over here.
And my daughter's like, what are you what's going on? And I go, watch this. I'm like totally faking
out Mark. And so then when he parked, I start honking the horn, I lowered the windows, you know
how you can vent. What else does it do?
Honk the horn. There's something else it does. And I'm just playing around with all these buttons. So
when he got home, I called him and I'm like, how are you doing? I saw you were driving my Tesla.
I could see everywhere he went. So that was kind of a nice, he wasn't going anywhere he shouldn't be.
he wasn't going anywhere he shouldn't be. Just joking there. So anyway, long and short of he's
like, yeah, the Tesla was glitching. I think the battery was too low. But I never ended up telling
him. So that was pretty fun. Omar. I'm is Omar here. I see you out here. Okay. I'm coming back down. I have to come back down to Santa Monica next week.
And then I'll be back in two weeks.
And I would like to meet up with you if you want.
Yeah, let's meet up.
Because I have never ridden in a Cybertruck.
Oh, okay.
Yeah, we have to do that.
And I would love for you, we can meet at the Santa Monica Tesla right there. I can walk down there from where I'm staying with my daughter. And you could take me for a quick spin. And then we could talk about that on Spaces.
Yeah, that sounds fun. Let's do it.
Okay, so I'll DM you.
I'm coming down Saturday.
I'll be there for another week, and then I'll be there two weeks from then.
So I will DM you because I think that could be really fun to go for a quick spin.
And then maybe I'll take you out for coffee or lunch.
Yeah, that's awesome.
I'd love to.
Yeah, I just got back from Coachella with my friends in the Cybertruck.
And, man, this has got to be, you know, the most underrated vehicle ever.
So many people just sort of, you know, comment on how it looks,
but the technology in it, the experience is just on another level.
So, you know, Coachella, which is this music festival outside Los Angeles,
four of my friends went and, you know, Coachella, which is this music festival outside Los Angeles, four of my friends went.
And, you know, this thing is just such a great Tesla for taking road trips.
It's huge.
Everyone has a ton of space.
You can throw a ton of stuff in the back.
It's super comfortable with the air suspension.
Everybody was really loving it.
I get there.
There's a ton of other Cy trucks there they even had uh ev
chargers there for the first time and um yeah you know people were really loving it then you know
going back people were like wow the sound system is so amazing on this thing when we were driving
home yesterday there was like a four hour long traffic. I just pushed one button and let FSD drive the whole mind-numbing four hours of traffic.
And my friends were in the back watching TV.
And they were like, oh, wow, you know, that really flew by.
We were just watching movies and stuff in the back.
It really is, I think, such a great underrated vehicle.
And, you know, sorry, go ahead.
Well, I was just going to say, maybe you can, when I'm down there, you can sell me on it.
Because I am not sold on Cybertruck.
So I will be, you know, just like I wasn't sold on Tesla.
And then I, you know, drove one and was, you know, now own one.
And I just love it more and more each day.
So we'll see
if you can change my mind on this, Omar. Yeah, I think I'll just let you drive it for a little
bit and see what you think. Because the, yeah, the steer by wire and the rear wheel steering,
it's kind of like this really crazy vehicle because it's so big, but it drives like a much smaller car. And
I think the Model Y is probably the right car for most people, but having a giant Tesla is really
cool. And it's good to see it getting more affordable. You know, Penny mentioned the
power outlets on the Cybertruck. The low-end version actually does still have some power outlets if you connect
it to the car's charging port, but you can't really use that while you're driving and stuff.
But honestly, the power outlets are cool. I love that there's power outlets inside the truck
and in the bed. You can even charge another EV or power your home with it, which is super cool.
You can even charge another EV or power your home with it, which is super cool.
But realistically, for me, you know, I'm not doing a ton of work out of the truck.
I barely ever use this.
I think one time I plugged a Starlink into the back.
One time my microwave wasn't working because the circuit breaker was tripping in my house.
So I picked it up and took it into my truck bed and made some
food. But that's about it in terms of using the power outlet. So, you know, I think a lot of
people's reactions like, oh, I like this feature. I like that feature. That's kind of the idea.
They don't want you to buy the cheapest truck. They want you to keep this thing profitable.
But I think what we're starting to see is really them going after a new segment, which is people who actually have to use this for work.
And yeah, it's such a good product.
I just really want to see it become more affordable.
You know, 60K, that's a big difference from the 100K it was a year ago.
And I think it's going to continue to come down as they scale their batteries.
Is that two prices for the Cybertruck now?
Or is that the actual price?
Yeah, so it's $70,000 for the cheapest one, which is about $62,000 after the tax credit, if you qualify for that.
And then they have the $80,000 one, which also qualifies for the tax credit and is about $72,000.
So yeah, it's significantly cheaper now, probably still too expensive for most people.
But they've done a ton of investment in this thing in terms of even building their
own battery cells for the first time for the ground up for this product. There's also tariffs
and other things. So yeah, it's really important, I think, that they're starting to make it cheaper.
That's going to be the most important thing long term to, I think, growing the sales.
Great thoughts there, Kim and Omar. Kristen, would you like to jump in the mix?
Yeah. I don't know if anyone saw that Ryan Torres, one of the Tesla employees, they're doing the EV Expo down in Phoenix and other cities. And the lineup to
test drive the Cybertrucks was very encouraging. There was people just lined up way long to go
get in the Cybertruck. People are curious and they want to test drive it. And that's exciting
because I think people are going to be blown by the steer by wire and just the turn radius and
the feeling of the Cybertruck. I mean, I know the newer, lower model version doesn't have the suspension clearance that
changes as much as the other models that are a little bit more expensive, but there's
just so many good factors that go into the Cybertruck that make it exciting.
And I think people will see it's very different compared to other trucks.
And it's pretty enjoyable.
I think like Omar was saying, people are watching movies in the back and the sound systems are
great.
So I think people will love it. But my brother, my brother just took the, well, he just ordered a
Tesla Model Y, you know, so I'm super excited about that. I've been working on him about getting a
Tesla. He was looking at getting a different car. He's really good with his money, but I think the
new design and the refresh of the Model Y just, he was pretty excited about it. Loves the FSD.
He was in town and we were driving everywhere on the FSD,
and he was just having a hoot watching it make decisions
and doing what it does, and it was very relaxing to sit in the car
and enjoy sitting with somebody you enjoy talking with.
Talking as the FSD does everything, so I love that,
and it's exciting to see people that I love come around and buy a Tesla.
I mean, I know he's into the stock, but it was exciting to see him purchase one or get ready to purchase one. He's got his order in.
So that's pretty exciting. And I loved seeing the lineup of all this, um, the cyber rodeo,
um, part do down in Austin, Texas. That was wild. That's a lot of cyber trucks. Does anyone know
how many actually attended or did anyone here go? Right around 100, at least for the big parade.
Maybe more.
How many was it, Landon?
I didn't hear you.
100.
100 Cybertrucks.
Nice.
How much money is that rolling around?
Right.
And like Tesla has that kind of the area where people can go off-roading, right?
They've created some area down there around the factory, right, that's going on. where people can go off-roading, right? They've created some area
down there around the factory, right? That's going on. So people were enjoying that. So it's,
that was in the makes back when they were putting Giga Austin together, that there would be kind of
a play area for people to take their vehicles. And so Tesla's building that out, which is really
exciting. So people can go test their Cybertrucks on that. Kim mentioned that she hasn't driven
a Cybertruck yet. And we're talking about how great the Cybertruck is on that. Kim mentioned that she hasn't driven a Cybertruck yet and we're talking
about how great the Cybertruck is. The first time that I drove a Cybertruck and parked it,
it sort of blew my mind that it was easier to put it in a parking spot than my Model 3,
this giant truck because of the real-wheel drive and the steer-by-wire. It was incredible how easy
it is to park it. But I wanted to point out real quickly
that y'all need to go to Tesla showrooms and test drive a Cybertruck. The one by me
has four Cybertrucks available for test drives. They're just sitting there. And it's such a low
hassle event to go to a Tesla dealership and ask them to do a test drive. Last time I was in there
and I didn't even mean to take a test drive. Last time I was in there and I didn't
even mean to take a test drive. I was just waiting for my daughter in the store right across the mall.
And they said, you know, can I help you? Oh, I'm just killing some time. You want to take a ride
when you're killing time? Sure. Do you have a Cybertruck? That's it, right? They give you the
key. You have to fill out something real quick, walk you to the car. And if you've never driven a
Tesla, they'll give you like a quick demo of the features and how to drive it. Otherwise, if you
have, they just sort of let you go. You come back and you hand them the key and it's done. No pressure
to sell you the car or anything because they're not on commission at these Tesla dealerships. So
it really is a cool experience to go test drive. They also let me take out a Model S Plaid on the same day.
If you haven't driven a Plaid, it's just absolutely wild.
So like you would pay hundreds of dollars
to borrow a supercar like that or rent one, right?
To go take a Plaid on a drive and see what it's capable of.
But you could just walk right into a Tesla showroom
and they'll let you do it.
I highly recommend that anyone who's interested in driving or buying a Tesla and hasn't already done it, you got to get in there.
Yeah, you can actually do it online and just go ahead and fill in when you want to take a test drive.
And you'll see it in your app.
in your app, you can scan your driver's license right in the app and just be good to go. And not
You can scan your driver's license right in the app and just be good to go.
only can you test any of their models, which are interesting, you know, the Cybertruck, the new
Model Y, you can also test FSD. So if you hear people talk about FSD, hear Joe Rogan talk about
FSD, but you haven't tried it yourself, you want to see how it works in your neighborhood,
you can just go to the showroom and try it. And they've got a
new thing, which is pretty cool. They started doing for the last few months for people who
are antisocial, which is self-serve demo drives. So you'll find these outside certain hotels and
locations where they just leave a car out there and you can just go on their website, book a demo
drive, scan your driver's license. Then your phone becomes the key. You just walk up on their website, book a demo drive, scan your driver's license.
Then your phone becomes the key.
You just walk up to the car.
You can take it.
Maybe you have to go to dinner or something.
You can go take it for a test drive without even talking to a person if you're in select
locations like, for example, Costa Mesa or Berkeley.
So, yeah, just go to Tesla.com and there's a button right there to schedule it
easy peasy kind of love that ani i saw you jumped up on stage do you have some thoughts here
no i just always get so jealous when you guys are talking about teslas and driving them and
you know like all that i just can't wait to get it.
And I've been watching the stock obviously like today was a really,
really good day for it. So, so you know,
I was listening to you guys as a space on like live trading. Oh, by the way,
great account.
That was awesome that you guys actually started like a whole dedicated channel
for live trading. And it's's awesome i just keep listening in like
even if i'm not trading like i'm learning but like even if i'm not trading it's a great way to learn
yeah it has gone a long way it's a pretty cool to see if anyone hasn't seen we have a all day
trading channel now in addition to uh the other channels that we do which i think is going to go a long way uh all right let's see
i think emp you have not spoken yet but you are chilling up here did you want to kick in some
thoughts here on tesla yeah i uh i was kind of excited to see the cybertruck releasing a little
bit lower model for some people i know I feel like there are a lot of
people, I know that, you know, in general, the cars can be expensive when you get up into the
Cybertruck range, you know, the really nice versions of Tesla and seeing that kind of a
little bit lower model offered to people, I think was exciting for a lot of people. I know, you know,
several people that I've spoke with are like, I just can't swing the price tag of the nice Cybertruck,
but if they come out with a little bit lower models.
So I'm interested to see how that performs.
And then I just can't get over the fact that here we are,
you know, it's tax day today.
Sorry to bring that up if anyone hasn't done it though.
But here we are mid April and June is right around the corner, right?
Austin, RoboTaxi stuff.
We're right around the corner from that.
I can't help but stay super excited
About what's to come at the end of this quarter
100%
Definitely a lot of big things coming
Omar, we just had a really funny
Meme that got commented under
The space, did you
Let me pin this one up top
I think you'll enjoy it
And then I'm going to go over to Ryan as well But do you see the one I just pinned up top? think you'll enjoy it and then i'm gonna go over to ryan as well
but do you see the one i just pinned up top might take a second to go up there
yeah it's still waiting to reload they just commented it below but it was like the bus
driver where he's like don't make me tap the sign and the sign says test driving a tesla
is easier than getting a cup of coffee. So it's a good one.
Ryan, what's going on?
Yeah, hey, Wolf.
Thanks for having me on.
I've been listening to everybody.
And though I haven't been on the speaker stage,
but it's been a great conversation.
I wanted to bring up Optimus
and just talk about how Tesla currently
has their entire vehicle fleet.
And I think people aren't recognizing that their vehicles are really just robots on four wheels.
So with Optimus coming down the pike, they're going to be releasing another robot that has two legs.
But really the advantage that Tesla has is their manufacturing of these robots
and the data that they're collecting in the real world.
So their vehicles have all these cameras around the car
that are perceiving the real world and taking in all of that data.
And then when they transition that to their robot,
they're going to have all this data about how to navigate that real space.
This is a huge advantage.
And once they start manufacturing these robots at scale,
the human robots at scale,
they're also going to have all sorts of data inside people's offices or factories or homes.
And nobody else has that level of data, especially that level of precision inside people's real daily spaces.
So I'm extremely bullish on Tesla, obviously, but I guess just having this data, I think
needs to hit the mainstream.
And that's probably the next thing that will come after people recognize, oh, this car
is completely driving on its own.
You know, I kind of keep bringing this up every week on Spaces,
but I'm not sure how many people repeat.
In Phoenix, Arizona, like these Waymos have been driving without a driver for,
I don't know, two, three, maybe even four years.
So since I've been here, I've seen people start to become more okay
and and accustomed to them doing that previously i would see people looking all the time doing
double takes pulling out their phone and and videoing these cars without a driver. But now they're doing that less frequently.
And it's because people are just,
they've become normalized.
Like it's not an anomaly to see these without a driver.
And that's probably gonna, you know,
I assume that's what Omar and Penny are seeing
in LA and San Diego.
And I assume that's what others are seeing up in Northern California,
but that's going to continue with Tesla's in Austin, Texas,
in just a couple of months.
After that, people will recognize that there are differences
with how these systems are architected.
Like Waymo is geofenced, and they're not
building a truly robust solution,
or at least Tesla's comparatively is more robust.
And we're starting to see signs of this
because, like Omar mentioned, they're
able to do this on three different continents uh in in
totally like in in quite obscure scenarios um or quite difficult complex scenarios so i think you
know first first i'm excited for the rollout in in june in But then after that, I'm excited to see people recognize that Tesla has a unique approach
that just that approach alone is an advantage.
But then also, they have a level of data that in the real world that's not simulated
that is a huge advantage.
And then on top of that, they're able to manufacture these at scale.
So, you know, I'm just kind of regurgitating what Elon says,
but I've started to believe it more as I've seen more progress.
Yeah, I think Ryan actually made a really important point. Because you see these self-driving systems, they all look the same, right? You know, okay, it's a car, there's no driver. So if you're not really informed about this, if you're an investor, it can all look like the same thing. But the technical implementations are very different. What Tesla's built is a pure AI solution,
whereas projects like Waymo actually started before we had modern AI.
I mean, they have tons of AI in them.
But when you think about the LLM world,
for decades, people tried all kinds of things.
They built expert systems.
You had guys who said, we're going to program all knowledge into a computer, type everything out into a database to teach a computer how to think. And these approaches always fell flat on their face after a while.
after deep learning, attention, transformers, somebody said, hey, what if we just put the
entire internet into the training set? And we simply trained the model to predict the next word
that's likely to occur based on all the other words humans have written. And it turned out
that had really incredible capabilities.
And then they said, okay, let's instruction tune it. Let's teach it to follow instructions.
And now you have the modern LLMs today that just do so much for us. Yesterday,
I was doing some software development work in Cursor, and it's just like,
wow, it just makes it so fast. And that's kind of what Tesla's
done with FSD. You know, they kind of had the same experience where they were trying to program it and
type in the traffic rules and say, you know, if you see a stop sign, then stop. But there's so
many gray areas in self-driving, you know, if you see a stop sign, then stop unless maybe someone's about to
hit you from behind, right? There's always these exceptions, these edge cases. Stay in the line
unless, well, maybe there's something in the road and maybe you don't need to drive in the line,
right? Maybe it's actually okay to drive on the wrong side of the road if there's a car you need
to go around. So after trying to program these rules in with FSD for
years and seeing all kinds of problems, they eventually said, hey, what if we just showed it
a bunch of videos of people driving, millions of hours of people driving, and we just said,
predict what the steering wheel and pedal are likely to do next by watching humans.
the steering wheel and pedal are likely to do next by watching humans. And not only did they
not have to program in the road rules, like, you know, things like, hey, stop at the stop sign.
They didn't tell it anything about that just by watching people. It figured it out. And the result
of what came out, the driving is just smoother and more human-like than any other system I've
ever tried. And I've tried all of
them. I use Waymo all the time. There's no comparing. So it's kind of like an LLM in that way,
that it's sort of a pure AI solution with, you know, sort of unsupervised learning.
And it's going to continue to get better and scale up as they increase the data set, as they build out that training cluster in Texas.
And, you know, it's about to make that leap.
Humans are not getting better at driving.
This thing is getting better very fast.
And it's about to leapfrog human performance, just like deep learning is leapfrogged.
The best video game players, the best chess
players, the best go players. And, um, yeah, it's, uh, something they've been building up towards for
a very long time. The approach I think is interesting, right? I think the old approach,
like you were talking about telling rules, stay in the lines and whatever, that's like trying to
teach someone to drive by giving them a book, right?
You're not going to trust someone who's just read a book and maybe taken like the written
driver's exam.
The way that you get someone that you actually trust is they sit in the passenger seat for
a little bit and they observe what an actual driver does.
And then they get in the driver's seat and they practice.
And that's what they're doing with FSD now.
And it's just such a far and away, a superior technique to learning than anything else.
What's going on, Ryan?
I think it has a point that think of the video script that I'm making now, which is the title
of the video is Elon Musk's most profitable product, which is the humanoid robot.
And I think like,
this is what I think is going to happen 10 years from now,
maybe,
maybe sooner than that,
maybe five years from now where people will recognize what they're feeding
the LLM models right now,
what they're doing with the digital world is,
is basically what they're going to do with the physical world with Optimus.
So right now you can prompt your, I don't know, AI agent and say, like, produce this script for me.
Write this thing, write this code.
And it's all digital.
But those prompts are eventually going to be like the physical world, you'll be able to basically just prompt your robot and say,
hey, like these dishes, you know, so this is, this, this is like the most, I mean, people think that
the AI models right now are amazing and they are, but if you could have physical labor tasks rather than digital labor tasks your whole world
changes so this is the most insane thing that um is coming down the road i mean it's it's going to
be a while before wall street catches on but when they do, they'll recognize,
hey, this product is gonna be immensely profitable.
Tesla has all of the tools necessary
to build this at scale and deploy it at scale.
And it's, I mean, all of these robots
are gonna be total money printers
because all of the hardware is
is out there and people and people are paying for the hardware even but then on top of that
they're going to be selling these software packages or software subscriptions that are
almost all margin so uh i mean to me the the way to think of it and frame it in that way where you're prompting in the physical world, but I mean, this is just like a huge game changer.
And I hope people start to recognize that.
Imagine prompting your optimist, like in the same way that you would a generative AI to like design a beautiful garden for my house. And then optimist can go shopping,
get all the seeds that it needs and take care of, you know, the garden for you. Imagine instead of
buying a wrap for your cyber truck, going through the process of all of that, you prompt your
optimist to come up with the design the same as you would like mid journey or grok or something
else, you know, make mine look like an American flag flag and then optimist can just paint it for you you're like oh that's kind of boring i think
i actually wanted some other completely different design and then optimist just paints that one for
you and you could do that on the inside of your house and the outside of your house and there's
so many different things that you could prompt a robot to do i mean if you had an army of them you
could prompt them to terraform the desert for you
and build a castle, right?
Build a moat around my castle,
dig all the way to the ocean.
There's so many different things you could do
that the freedom that we're gonna have
to just completely transform this world
is gonna be incredible.
Yeah, I think this is the single most important takeaway
for investors is that we're entering into the birth of a new multi trillion dollar market.
It, you know, the best analog I can think of is we're starting, we're standing at the dawn of the personal computer revolution, right?
If you think about being in the 80s or the 70s, right before computers were there.
It's that kind of moment.
You know, humanoid robotics are that kind of generalized machine.
And you see ChatGPT making art, writing jokes, you know, telling stories, doing things that you only sort of attributed humans to be able to do.
You know, so Wall Street analysts who look at this, they say in the next 20 years,
you know, humanoid robotics will be a multi-trillion dollar market, bigger than the auto market.
So a lot of analysts are looking at Tesla right now and saying, hey, these guys are crazy.
Why aren't they doing more in the car business? For the car business, there's no brand that really does
more than 10 to 20% of the market. So, you know, Tesla does really well, they maybe do 10 to 20%
of global car sales. Instead, they're going after a new multi trillion dollar market that's forming.
And I think putting the pieces together to be dominant in that space. And I think that's going to prove to
be a very important decision over time. Take the size of the global labor market, which I estimate
is around $50 trillion today, and give it some multiple of that. That's what I think the market
is going to be for humanoid robotics. You'll be able to hire these things hourly.
And we're going to see, I think, productivity gains in the economy that are just unimaginable today, the same way that the way computers impacted the economy was hard to imagine.
We all just come around about one or two more minutes uh and then we are going to uh close out
this one i'm going to roll back into our wolf trading space actually which is where we're going
to do our next chat so just putting that out there um landon i'll turn over to you
and it's just wanted to follow up with the people that are new tesla owners new tesla investors and
wanting to really just immerse themselves.
I appreciate those comments.
So I did put John, we all know John from Tesla Silicon Valley Owners Club, probably the largest
club in the world.
So his event is July.
Put that up there if you're able to make it.
I'm sure he would appreciate the attendance.
And just wanted a quick comment in 30 seconds.
Is Cybertruck Long Range Rear Wheel Drive a new model from Tesla?
No, I would say it's a new trim level.
This is just an industry term.
Why do I ask?
Because in the next week, we're going to find out about supposedly two new Tesla models.
Now, does that mean they could just be decontented rubber floor mats and carpet or cloth seat versions of Model Y, Model 3?
Yes, they could, but I don't think they will be because that would not be a new model.
Just my opinion.
But thanks again.
Great, great space.
Roll it.
Perfect.
Thank you so much.
Omar, any final comment from you before I close this one and head back over to our trading space?
Go subscribe to the Gigacast on YouTube.
Oh, yeah.
He's hitting it right.
Okay.
All right.
I see Hamid.
Everyone's coming into this space. All right. We sent the wrong link. Sorry to those. Okay. All right. I see Hamid. Everyone's coming into this space.
All right. We sent the wrong link. Sorry to those. Okay. We are going to close one down.
Penny, any final comment from you? No. Happy Tuesday, everybody. All right. Perfect. Happy
Tuesday, everybody. We're going to move over to that bigger trading space and do this next chat
there. See everybody there in just a second. Looking forward to it. Thank you.
