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TESLA DEEP DIVE
Recorded: Dec. 9, 2025 Duration: 2:01:21Space Recording
Short Summary
Tesla's self-driving technology is witnessing unprecedented growth, with users reporting significant improvements in functionality and safety. As the competition heats up with Waymo's expansion and potential partnerships with XAI, the landscape for autonomous vehicles is rapidly evolving, paving the way for innovative projects like SpaceX's data centers in space.
Full Transcription
Thank you. What is up everyone?
Happy Tuesday! December the 9th, it's Tesla Tuesday. What is up, everyone?
Happy Tuesday!
December the 9th, it's Tesla Tuesday.
It's always Tesla Tuesday.
It's Tesla every day.
But on Woo Financial, it's Tesla Tuesday, Tesla Deep Dive,
noon Eastern, each and every Tuesday,
with an amazing crew of panelists and speakers,
community members, all of the above that come in here.
And we talk Tesla, we talk all things Elon, we talk all things technology, AI,
just all the good stuff. That's what this space is about. Tesla absolutely ripping right now,
by the way. Looking at almost a $10 move in the stock today, right at it. $9.90. Let's see if we hit $10. I mean, while I'm staring at it here, there it was. $10 move on the stock up 2.3%. All of us, I hope, are happy with that
for sure. I know a lot of us don't care about the stock price, but I always like to give
the update, of course, because we are a little financial. What would we do without actual stock
prices? But I love talking
the fundamentals. I love talking about what's going on, all the other great stuff as well.
So let's jump into it a little bit here. Landon is my main man to get us started and bring the
energy. He's my go-to. I just cannot, I can't really get into the space until Landon gets me going here.
So Landon, passing the mic over to you.
Welcome to the stage.
Great to have you as always.
Excited for you to kick us off on this beautiful Tuesday morning.
Thank you so much.
Wolf Financial, this is the place to be, Tesla Tuesdays.
You know, it's exciting to be in Tesla because there is so much going on in the company.
Many of you invested back when you thought it was a car company and things like that.
I put up in the top of the room there a couple articles on Tesla Megapack.
It is one of the areas that, you know, people are usually a little quiet about in the Tesla conversation.
The Megapack business what
is it what is it for what does it do well grab into those articles you can
see what countries around the world not just businesses not just municipalities
but continents like Australia going nuts for a Megapack to stabilize their grid.
Think about the geography in Australia.
It's massive.
It's huge, huge country.
And you've got other countries like Chile that is investing in the Tesla Megapack product.
Well, you hear about these other things in the news about how are we going to power data centers?
How are we going to powder this power?
What are we going to do? Well, How are we going to powder this power? What are we going to do?
Well, is the answer oil?
Is the answer solar?
Well, that's just the source of energy.
And what battery packs, what mega packs, what mega blocks made up of four mega packs combined with their own electrical hardware built in,
what those do is they let you save
the flavor of energy that you like,
the flavor of energy that's cheapest,
the flavor of energy that your country is best at.
That's what you can do with Megapack
because it doesn't matter if the sun goes down
because see, the sun is always out there in space.
It's always beaten down on us.
So we can get that solar
somewhere in the world and put it into a Tesla Megapack. Instead of firing up those gas turbines,
yeah, we still use them. We still need them. They're still fine. But we got to have all sources
for power. And now I'm going to switch gears on you because Megapack, I think, is really, really an important part of Tesla.
But hey, we want to talk about Tesla cars and Tesla self-driving because I want to congratulate
everybody listening. If you've been listening to Tesla Conversations, anytime in, say, the last
10 years, 11 years, the autonomy portion of the Tesla car business has been in there.
For 10 years, Tesla's been working on autonomy.
They started with Mobileye.
They started with cameras and radars and other things.
And we've watched them for these 10 years,
growing, making us safer,
letting us take our hands off the wheel recently, letting us take our hands off the wheel recently,
letting us take our eyes off the road recently.
We are here.
So when I say I'd like you to celebrate with me,
let's be proud of what Tesla has accomplished.
Here in the US, is that the only thing?
No, I think we're talking about eight countries right now.
They're doing live test drives in Switzerland
and around the world with
Tesla self-driving. This is version 14. How many versions have you tried? Do you own a Tesla and
not use FSD? Well, that's actually pretty common, and that's fine because maybe that's not what was
important to you when you first bought your Tesla, but let me tell you what it can do for you and your family.
You've heard us say these before, these things.
Not just the 140 people a day that die on U.S. roads.
JC, where are you, my brother?
We got to stop this.
Is that 40,000 people a year?
40,000 people that you knew, that you loved.
Stop letting these people get mangled up
in the old automotive tech and get them in a Tesla.
Get your family in a Tesla, and guess what?
Right now, it can drive you around.
It can drive you around the state.
It can drive you around the country.
You push a button, you tell it where to go with your voice,
and it does it, and it gets you there safer
than driving manually
because Tesla self-driving doesn't ever get angry
at other drivers.
It doesn't get road rage.
It doesn't get a little tipsy at lunch.
It doesn't go out to dinner and get drunk.
You know, this Tesla self-driving with all the cameras
is looking in all directions at all time.
And you can't do that with your two eyes, but it can do it with its eight eyes.
And it's amazingly quick.
Check out some of the articles recently from Omar and Whole, Mars Catalog and others
talking about the reaction times of this software.
This amazing AI is protecting you and on guard
when you're distracted on the roads.
So that's what I really wanna ask you today.
If you have a Tesla and you're not subscribed
for that 99 bucks, check out that tab today
in the software and see if maybe there's a free trial.
Maybe there'll be one next month.
Tesla's done this before,
but this is the time to get into it because what we're
hearing from our wives, our spouses, our girlfriends, they're saying, I would like you to engage the
Tesla self-driving now. Five years ago, maybe they were saying, I would like you to drive yourself
and not let this robot jerk me around today. It was still doing it pretty well,
but now we're at the point where you can show your mom,
you can show your neighbors,
you can talk about Tesla self-driving,
and next year, you're gonna send your Tesla
to the grocery store without you in it.
And they're gonna fill up the back with groceries,
and it's gonna appear back in your garage,
saving you time.
And there's no way to be safer on the road
than to have you not actually in your Tesla.
Thanks, Wolf.
Here we go, Tesla Tuesday.
I appreciate you all.
I see you down there.
Let's rock and roll.
Thank you so much.
Oh, let's go, Landon.
Always getting me fired up, ready to go for the space.
I see some others down in the audience as well. Feel free to request up on stage.
We'd love to have an open panel all the way across. Feel free, of course, as always,
anyone, open dialogue is welcome in these spaces. If you have any questions, thoughts, pushbacks,
as long as we're cordial, I don't care what it is.
I love the open discussion.
The mega and the mega blocks and all this stuff, the energy side of the business is
actually really interesting.
I would love if anybody has any thoughts to share on that piece.
We can definitely do the conversation around some of that today because that part is very
interesting.
And I don't think it's talked about enough, Landon, so I'm glad you planted that seed for the conversation today for sure. Let's go around the
room make sure we get around to everyone. Definitely want to shout out Penny Penny. That's two pennies.
My co-host up here. Penny how are you? Welcome to the stage. Thanks for co-hosting these spaces
as always on Tuesdays. What is going on in your world? How are you?
And what's on your mind today?
Hey, I am fabulous.
I'm about to get my first copy of the day.
So I don't have all of Landon's energy yet, but that's hard to match on any day.
I posted yesterday, ever since FSD 14.2, my Tesla is driving 96% of my miles right now. So I've traveled about 520 miles and
about 500 of them have been on FSD. So I was thinking, you know, like, I wonder what the
peak is here. And I saw on Sawyer's page, someone with% every tenth of a mile for 3,000 plus miles on FSD 14.2 plus.
That is absolutely incredible.
3,000 miles without touching the steering wheel or the pedals a single time.
I mean, we really are here now. We really are marching down those final nines and getting
to the point where they're going to take out the safety drivers and we're going to be able to take
naps in our car. And that's just, I mean, it blows my mind. I've been waiting for it for a long time.
I thought it was going to happen faster than it did, but I feel like we really are there now.
There are actual people with thousands of miles on their car
since they've touched the steering wheel.
I mean, that's just wild, right?
And version 14 is still pretty new.
They're putting out new ones all the time.
I think we've been sitting on 14.2.1 for longer
than any of the other 14 versions.
So I expect we'll probably see that 14.3 coming out here pretty soon. I know that's the
one that's supposed to bring, what was it, sentience to the driving experience. Pretty
excited to see what that means exactly. Other great FSD news, it seems like it's getting rolled
out to a bunch of different countries in terms of at least being able to test it out and people get FSD rides all throughout Europe.
So it's not only just working here in San Diego where I live and in the United States, but it's getting more and more coverage throughout the world.
I think that the adoption rate is going to soon skyrocket like we haven't seen before.
It's really, it's just becoming so useful.
It's no longer just a novelty for the tech forward,
the people who want to live in the future.
It's now something where you genuinely
have a much, much more relaxing ride
the entire time that you're driving.
And it's only going to get better from here.
So super excited for that from a Tesla perspective.
The, you know, the Megapacks thing is obviously huge, and I think Tesla Energy
is going to be gigantic going forward. But I'm also really excited about their AI chips. Samsung
is ramping up on production for the AI5 chip, and they're talking about, or Elon is talking about,
building AI data centers in space, which I assume will
probably have some of those Tesla AI chips in them, maybe some mega packs too. I'm not exactly
sure what the payload will be on those satellites, but I expect that Tesla will be heavily involved,
maybe even with the Optimus or two to make sure things stay running well.
Anyway, I think that it is, as always, a super interesting time to be a Tesla investor.
Good day for the stock today.
Good day for a space.
I'm excited to see what everyone else has to say.
I love all those things that you hit on there. There's a lot that we could unpack. I want
to make sure we get around to everyone, but I love hearing that. I just, at what point,
Kenny, do you just unscrew your steering wheel like NASCAR? Just take it out. You don't need
it anymore. I mean, goodness gracious, you're almost there, 100%. That's incredible. Let's
go over to Omar. Omar, who no longer is a blogger, apparently. I found that out when I put out the weekly schedule on Sunday that it's not Holmarsh blog anymore. It's Holmarsh. That's it. Holmarsh. Congratulations on the new name. Finally got that handle. I'm sure you probably wanted that for quite a while.
Thanks for co-hosting these spaces, by the way, as always with us what's going on in your world what uh what's been on your radar lately yeah i mean it really seems like autonomous driving
is taking off in a big way we're really just at the beginning of it here most of the world
is still driving manually but that's changing rapidly.
We're seeing a lot of powerful progress from Waymo, from Tesla, and Tesla shipped an update this past week that now allows you to use your phone while you're driving on FSD.
This is the start of being able to get work done in the car, being able to get the time back that you spend commuting.
And it's pretty incredible to experience.
Over in Europe, they're now giving FSD demo drives.
They just added Denmark and Switzerland last night.
So for the first time, customers in Europe can experience self-driving.
They don't have any Waymo or anything over there, so that's pretty significant.
And with FSD-14, the model's now really able to drive you from parking spot to parking spot completely on its own.
As some people have shown, it can really drive thousands of miles across the country without requiring you to touch the steering wheel at all.
In many cases, you probably could pull the steering wheel off and it would be fine.
But what's most interesting is how it's really started to exceed human capabilities.
You know, 13 was the first update where we said, okay, it's kind of driving like a human. 14 is the first update where we're saying, wow, it really saw that and responded
before I did. And somebody went ahead and did a test of how fast FSD would react. They had their
friend hide behind a car and pop out to see how quickly it would slow down. And they measured
a reaction time of 67 milliseconds. So a thousand milliseconds is one second. A hundred milliseconds
would be a tenth of a second. Your typical human reaction time for a human who's paying close attention is anywhere from 750 milliseconds
on the low end to 1500 milliseconds or 1.5 seconds so your average human driver is responding at
about 1.5 seconds and tesla fsd is able to see and spot things in less than a tenth of a second.
We're really talking about a reaction time that is far beyond human here.
And I think this is just the start.
I think they're going to push the reaction time even further.
I've heard that for AI5, they're going to be adopting newer, higher frame rate cameras. And those cameras are going
to be compatible with both hardware four and hardware five cars. You can, I mean, if you think
about it, you know, if you're processing 36 frames per second, that, you know, that 67 millisecond
reaction time, you're really getting one or two frames in there.
So the limiting factor on bringing down the reaction time further is really the frame rate on the cameras.
They're going to need cameras with an even higher frame rate, I think, to continue to push that down.
So it's just incredible.
And you can really see it.
You just have to spend an hour or so driving with FSD
and you're going to see cases where it starts reacting to things that you didn't even see yet.
So that's a big change that's happening from almost as good as a human
to it can now exceed human perception in a lot of cases.
They've got a really good roadmap for FSD,
as good as it is, the best is yet to come.
We have reasoning coming in the next update.
We have the 10X model scaling and other really great improvements
that are coming down the line
that are going to make the car feel
even more human-like, even more sentient.
Reasoning in particular is probably the most significant piece that is going to be added.
If you think about kind of a thinking mode on an LLM,
where it can kind of think through a problem and just kind of output text that's kind of like a thought trace,
that's kind of like what the car is going to be able to do.
So we'll be able to look around a parking lot, actually think,
okay, what would be the best spot to park?
All right, this spot looks like it's close to the store.
That's great, but oh, there's a shopping cart parked in there.
Let me go take that spot over there.
And it should improve a lot on parking selection and things like that.
So yeah, we're really starting to experience unsupervised FSD, where it's not only doing
the entire drive for us, we're getting our time back, we're able to work, do other things.
Although, you know, you should still pay attention and be careful. But it's starting to be
a lot more flexible about that. And I think it's going to continue to expand until, you know,
one year from now, you can probably, you know, just take a nap and have your car take you where
you're going to go. We're on December 9th now. Later this month, they're going to actually remove the safety monitors from Austin
and have the car start running around with nobody in them.
That's going to be happening really within the next 21 days or so.
So it's a really exciting time, not just for Tesla, but for autonomy in general.
I think if you're an investor and you're not paying attention
to this theme of autonomy, you're just nuts because it's going to affect every business,
every stock out there in some way, shape or form. So even if you're not a Tesla investor,
even if you're not a Google investor, you absolutely need to be paying attention to what's going on. With autonomy, it's really moved out of the testing stage and
into the real world deployment stage. Waymo says they're now giving 450,000 driverless rides a week.
thousand driverless rides a week. That's an annualized rate of 23 million driverless rides
a year, and it's only going in one direction. We're going to have millions, hundreds of millions,
billions of autonomous rides taking place a year very soon. So it would be really foolish to ignore this trend because it's going to transform the way we live in a way that few other technologies have.
You know, maybe the smartphone is the only thing that comes close, I think.
And beyond self-driving, humanoid robotics also making a lot of really interesting progress.
We saw a video this week of Optimus running.
We saw it out in the real world in Miami and other places.
So the same AI that sort of drives the car is going to be able to control humanoid robot bodies too.
The software is, of course, not as far along as it is on the
self-driving side, but based on what I'm seeing in my car, I think people are going to be shocked by
how human-like these humanoids end up and how closely they're able to replicate what we do.
So yeah, that I think is kind of just the bottom line for investors is
autonomy scaling. We're now very close to profitable self-driving at scale.
And it's something that we've been talking about for a long time, but
now it feels like it's really here.
Omar, what version do you currently have on your vehicle?
Do you have 14-2-1?
Yep, that's the one.
I saw some of the updates.
I thought it was pretty interesting.
The hand gestures, have you noticed any of that while you've been driving and where I guess it correctly can recognize hand gestures?
And one of the ones I thought about was like, you know, some of the bigger cities like New York or somewhere, or if you're near an event where there's people directing traffic.
It was the update release that I read said that can now pretty much recognize the police officer or the traffic directors and gestures.
the police officer or the traffic directors and gestures. Yeah, exactly. If someone's manually
directing traffic, the car will just kind of look at where they're waving and actually incorporate
that into how it drives. So it may not be 100% perfect, but most of the time now, yeah, even if
you have a traffic cop in the street manually directing traffic, I don't have to
disengage the system. As a matter of fact, I don't really have to disengage the system for anything.
I'm just not driving. I actually like driving, but for some reason, I'm just not doing it. It's
just so easy to push the button
and just kind of space out and then you're there in the parking spot and you just get out of the
car. This has become kind of a common thing for me. You just get in the car, you push the button,
and it just drives you there in parks. If there's someone there making hand signals or
construction or a traffic cop sort of manually directing people.
Those might be things that you had to take over and drive manually for for a little bit in the past.
Now the system just does it all for you. You don't even have to think about it.
You might not even notice that the traffic cop was there if you're doing something else.
So yeah, they're really starting to get into the long tail of edge
cases, things like manually directed traffic that were a little too ambiguous for the system
to understand before, but now it pretty much nails it as a robotax taxi needs to.
I'll ask a follow-up question real fast before we go around the rest of the panel.
What's the holiday update?
Have you got that on yours?
I saw the holiday update coming out.
I just didn't know what all it included.
Yeah, so Tesla's got this great tradition
of sending us a softer update
for the holidays every year.
And this year's holiday update has started rolling out now to certain cars that are eligible, but it should be on pretty much
everyone's car before Christmas. And there's a bunch of great updates in the holiday update this
year. I mean, nothing earth shattering, but some nice little stuff. You've got some new light shows and things like that.
You've got the ability to now talk to Grok and tell it where you want to go.
And it'll set that as your navigation destination, and then you just push start, and FSD will drive you there.
So you can say, hey, Grok, I need to go to McDonald's, Best Buy, and then my uncle's house.
Grok, I need to go to McDonald's, Best Buy, and then my uncle's house.
And it'll just punch that into the navigation system for you,
and you can go to all those destinations with one click.
There's also some other good features.
I can't really remember what else was in there.
Let me see.
One of my favorites is that if you leave your keys or your phone in the car now and you exit the car, it'll beep at you so you know to go back in and get it.
Whenever I'm carrying groceries in from the car, I have too many different things.
My phone will fall on my seat and I just leave it there.
An hour later, I'm looking around in my house.
Where's my phone?
Oh, it's in my garage in the car.
But yeah, it'll beep at yeah so i love that yeah that's a good one especially since
your phone is your key in a tesla you wouldn't want someone to get in and steal your phone in
your car so definitely good that it'll beep at you you know they're just always shipping nice
little improvements to make the product better which is something you don't see from other
automakers they've got a tesla photo booth now You can use the interior camera on your car.
Now that it's not being used for driver monitoring as much, they got to use it for something.
So you can take some pictures while you're in your Tesla, throw up some cool stickers and filters and entertain yourself and your other passengers with it.
passengers with it. You've got a dog mode live activity. So if you leave your dog in the car
You've got a dog mode live activity.
while you're going inside a store or something, there's dog mode. And you can now see right on
your iPhone lock screen a picture of your dog that's updated, which is pretty cool for pet
owners. In the dash cam, it's now going to show you whether self-driving was on and other telemetry when you uh view your dash cam
they've upgraded santa mode so you can have your car show up as a optimus in a sleigh with uh with
reindeer which is pretty cool new light show custom wraps and license plates you've got a
predictive navigation destinations 3d supercharger site maps.
It can now automatically decide whether to go into the carpool lane based on how many people
are in your car and time of day. Charge limit for location. There's a SpaceX International
Space Station docking simulator game. You can turn your wireless charging pads on or off. Rainbow lights
in rave cave mode and the lock sound now includes light cycle from Tron mode. So just a bunch of fun
stuff for the holidays and I can't wait to get it on my car. I love that they do that. Just the
little thing. It's the little things, right?
For example, a little thing. Starlink was on my flight
Thursday I flew back to Arkansas and then Sunday came back
and the Houston to Little Rock lag had Starlink. And I was
sitting there watching football on my phone with no
lag, no buffer at all with Starlink on that United flight for free.
Top of that.
It's the little things, right?
Appreciate that, Omar.
Let's continue around.
Captain Ellie, I saw you.
I don't think I've got to speak with you in a little while,
but I saw you asking a question on the investor day, right?
Oh, yeah. That's old news now.
But yeah, I was there.
I haven't talked to you since.
I was like, hey, I know that guy.
I've been traveling.
I've been in France, the US, and now I'm in Italy.
But yeah, I got to ask him about the Hebrew.
I was the last person to ask questions.
And just an update, most of you already know,
12 days later, they just an update most of you already know 12 late 12 days later they they
sent the an update so Hebrew is available in in the model S and X that wasn't the case and the app
got it 12 days later so you don't seem walking really fast we all know that but I feel like
like you know like I'm I'm very I'm very grateful for everything that Elon does.
And of course, that's more as a personal note.
But yeah, that was amazing.
And sorry that I missed a lot of the spaces, but I'm here now.
I just want to respond to a few things that I heard regarding Grok.
For me specifically, I'm really excited about Grok in the car. And of course, every time I'm in the US, I'm using Grok, for me specifically, I'm really excited about Grok in the car.
And of course, every time I'm in the US, I'm using Grok.
I'm just talking Hebrew to the car and it helps me a lot.
So obviously, I'm very, very focused on Grok.
I want to see it outside of the US.
It will help me in a lot of other situations if I'm going to buy a car here.
And that's my inspiration. But anyway, I just want to buy a car here and that's my
inspiration. But anyway I just want to talk about some stuff as well. Regarding
the phone, like when you forget your phone in a car, I just want to, I don't
know if you all know, but in a lot of other markets outside of the US this is
pretty normal. So the way I interpret this new feature,
I think Tesla just, you know,
basically going forward with some basically,
basic features that some other O&M has,
especially the Chinese ones,
because by the end of the day,
we are not living in a vacuum.
And a lot of other markets has this kind of feature.
So it's good to see the Tesla paying attention
because when I'm seeing these kind of features coming So it's good to see the Tesla paying attention.
Because when I'm seeing these kind of features coming into the Tesla, I'm like, that's great.
Because I know the Tesla's paying attention to other markets.
So that's amazing to see from my perspective.
And of course, I'm not going to touch about Europe.
Because you touched on that, like Penny and Omar, I think they talked about it.
But I'm excited.
I'm trying to book an FSD test in Italy, where I'm at, but it's fully booked.
So I just want to say that everything's fully booked. Like all the people I'm talking to here in Europe, you cannot book a test drive with a Tesla Safe Dragon.
So that's amazing.
I'm hoping that because of that, they will extend these trials.
And the reviews are just amazing.
Of course, if you want to know more about that, you just need to go to Solar Merit and you will see all the updates on that.
Regarding FSD, Tesla self-driving in Europe also, it's good to remember that in February, Tesla China will have one year
anniversary.
Like they will have FST for one year.
So it's good to see obviously five countries in Europe now and not even like it's going
to be a year soon and still you don't have it in Europe.
So of course, we all want to see it extend to Europe.
And, of course, we think that it's in a good direction.
So, that's what I want to see.
The last thing I want to touch is the fact that if you have experience with Tesla Safe Driving,
you know how to drive the car with only the screen.
And I'm just amazed by the fact that you can do that.
If you know how to control the software,
all you need to do is to tap the screen
and you can control your Tesla completely, almost.
And if you see my profile picture,
that's Jonathan's car.
And Penny, he has 100%, by the way,
with Tesla Safe Driving.
So my point is that with new customers joining Tesla Safe Driving,
it will be beautiful to see the progress, like how they've learned to use it. Because at first,
they will think that they need to use the steering wheel to correct stuff, to do stuff. But as Omar
mentioned in many other spaces, you can use the blinker, like you know, you can indicate to the
car that you want to go to the right or to, like, you know, you can indicate to the car
that you want to go to the right or to the left, so you don't need to touch the screen,
and it's not an intervention.
And if the car does anything else, you can just adjust the address, you can adjust the
pin, like, you can use the map, and the car will correct itself or will go wherever you
want.
So once again, if you have some experience with Tesla safe driving, you will know how to
drive the car, not manually, but through the screen. And I just can't wait to see more posts
coming from regular people, new customers with Tesla safe driving. That's all I have to say.
Thank you for the space. Great to hear your voice again. I appreciate you keeping us in tune with a
lot of things. I love that that update. See,
I'm glad I asked because Hebrew was added just within a few days of that being brought to his
attention. I mean, that is incredible, actually, when I think about like, okay, it seems like a
simple thing, but listening to the people and saying, hey, this is something that we need.
Okay. Hey, we'll get that done for you and taking care of it right away.
I love that story.
Thank you for sharing that with us.
JC, I want to bring you in next
and we'll continue around.
JC, what's going on?
I almost got stuck in Houston the other night.
I almost had to call you.
Man, you should have called me.
Next time you come through Houston, let me know.
And yeah, I'll just be your personal chauffeur.
Or maybe I should say personal supervisor of the chauffeur, seeing that FSD does all the work.
But yeah, it's going great, Wolf.
And continuing to enjoy doing Uber in Houston exclusively with FSD.
with FSD. I am, as of yesterday, I'm nearly up to 1,700 Uber rides that I've done in the last
seven months since I started. I started doing it on when we obviously still had version 13,
but yeah, I've been doing a lot of rides with version 14. One of the things that's kind of
interesting, or actually not
kind of, it's pretty interesting is I'm actually starting to get more passengers that have
previously heard about Tesla FSD. It's their first experience, but they've actually heard about it
prior to getting in the back. And so it's kind of cool to see somebody who's heard about it,
but never experienced it and get that first experience and really love it.
It's not a huge uptick. What I would say is, you know, when I started, I would say 100% of my
passengers had never even really heard of or contemplated Tesla FSD or any sort of vehicle autonomy. And so it was
really, you know, greenfield there. But I have noticed here, like in the last couple of weeks,
just an uptick and nothing huge. I'd say like, you know, maybe 5% of my passengers, but when they
get in, you can tell there's like, oh, are we on that Tesla full
automatic automated driving? Or, you know, they all come up with different names for it, but you
know what they're talking about. And so, yeah, it's been really cool to give them their first
experience. Having some great interactions with folks, you know, took a young lady to meet her beau, her prospective beau.
It was a first date.
And so it's kind of, you know, it's also nice just to, you know, see people, not just to get to experience it for the first time, but, you know, on something that's special to them.
So, yeah, she was going Uber into a restaurant as most young
ladies will do, you know, you want to feel the guy out first before you let him come pick you up at
your home. But she had an FSD drive to her first date. And so I told her she was getting out. I was
like, this guy's got a lot to live up to now because all you're going to be thinking about
is that end-to-end neural network architecture, vision-based 10x print i'm obviously joking hopefully that guy can overcome
that sort of stuff but yeah and then uh had a uh three ladies that were going to a local dive bar
here in houston and they got to experience it for the first time as well. And so even though I was dropping them off at a dive bar where they were obviously about
to go make some poor life decisions, one of them promised me she was going to get a Tesla
for her daughter.
So she's making one good life decision amongst probably a few that weren't so good as she
walked into that local dive bar.
But yeah, it's been great, Wolf.
It's definitely folks are starting to hear about it.
And when I say folks, I mean everyday Houstonians, right?
So these aren't tech forward people that are on X and up to date with everything.
These are just normal you know, normal
Houstonians living their day-to-day life. But what they're seeing is, is that they could incorporate
robo-taxi into their life. And a lot of these folks, when they, when, um, at the end of the
ride, I asked them, I was like, Hey, would, if, if I weren't even in the vehicle, would this be something that you would contemplate doing?
And most of them say yes.
I mean, there's a few that are like, you know, that psychological barrier of not having anybody driving.
But the vast majority are like, yeah, I'd give it a shot. of the folks that say they'd have the psychological barrier, if the price was 25% less, that
psychological barrier would probably vanish pretty quickly on some of those rides.
So yeah, it's been great, Wolf.
I'm really continuing to enjoy it.
And I'm just excited about all the improvements that Tesla is continuing to make, the FSD,
improvements that Tesla is continuing to make, the FSD, everything that all the speakers
were talking about. And, you know, kind of what I enjoy doing is taking all those new things that
Tesla does and then just taking it out into Houston and showing every day, you know, we've
got 10 to 12 million people here, just depending on how you put the circle around the Houston metro area.
So if you've got 10 to 12 million people, most of which are oblivious to it, you know, but they're amenable to it, right?
And so I'm just – it's – the sky's the limit on what this robo-taxi is going to be able to do. That's the thing I'm discovering with Uber is that I went into it being pretty bullish on Tesla robo-taxi.
And now it's not even a question mark in my head.
Now it's more of, all right, Tesla, tick-tock, tick-tock, tick-tock.
Where are we?
So, yeah, love it.
Well, thanks for inviting me up.
Absolutely. I love hearing your perspective, especially as an Uber driver that's using FSD
day in and day out. I would wonder what your stats are using FSD. Not as much as,
well, not the, I'm sure maybe you can imagine you're there. Let me give you.
But what I'm curious is how much time that you've spent on FSD compared to, I guess, maybe the average test loaner.
Yeah, so my stats are not as good as, so I'm in that 97 to 98%, and I can tell you why.
But yeah, I've got about 3,500 miles of version 14.2.
miles of version 14.2. Yeah, I definitely spent eight hours a day with it. Some of them are short
trips, some of them are long trips. Yeah, about 3,500 miles on, it could be up to 4,000 now,
on version 14.2. I was at 97. I think I tipped up to 98. And Omar will tell you this.
I mean, if you're an Uber driver and you're trying to be customer responsive,
you are not going to be 100% on FSD with a Uber pen.
Or you're going to be a bunch of two and three stars yelling out your window,
I'm over here.
No, just take over and go pick up your passenger.
That's my follow-up. My follow-up question, does Uber integrate into the Tesla to take you
where you need to go, or do you have to kind of match them up?
Yeah, so Uber's got, they really do, I shouldn't bad mouth them too much. They do have a good
integration with Tesla. So when you swipe to accept a ride and put it in, it'll seamlessly
go over to the Tesla UI interface. But the Uber pin, again, as Omar or others that do Uber in here
from time to time will tell you, those pins are not perfect. And most of the time, the pin is like either two or three houses away,
if I'm picking somebody up at a house, or if I'm picking somebody up from a bar or club or
restaurant, it's like right in front of the, you know, on the curb of the restaurant. And I can
see the couple, they're like, you know, 50 yards, you know, at the end of the restaurant. Well,
I'm not going to sit there and text them and say, hey, can you walk 50 yards?
I'm just going to, you know, drive up to them.
But, you know, going to what Ellie was saying about Grok integration.
First of all, this is going to be irrelevant, right, when Tesla owns it.
So this is my 2% to 3% of manual driving that I do is number one, because there's a third part.
I'm driving for a third party, right?
I'm driving for Uber.
So there's going to be a little bit of lag between those two.
When Tesla owns the thing, you know, end to end, hopefully not only will their pins be better because it's their data and it's not coming from Uber.
their pins be better because it's their data and it's not coming from uber um but with grok
um even if it if the if the couple or the person moves since they set that pin um you know grok in
the in the tesla with robo taxi uh can just get right up to them or maybe there's something that
they can do uh to bring the robo tech yeah, that two to 3% I'm driving manually
is mainly me taking-
Just picking people up.
Yeah, and driving over valets to get to them
to save a few seconds.
So yeah, the most dangerous time for my Uber driving
is when I take over in those last 50 yards
and literally almost take out valets
to try to get up to my passenger.
And the other piece that you left out there is
once Tesla has the entire network going, you'll be sitting at home. You'll just be sitting at home.
I don't know. Maybe you'll go right along in like the passenger seat if they let you or something
like that. Oh, Lord, Tesla will do a cease and desist on that. I appreciate you, JC.
Chung Yang, I want to bring you into the conversation.
You've heard a lot of pieces here.
Curious if you have any thoughts or anything mentioned.
We had Megapack and some of the energy side mentioned earlier.
We've heard Grok mentioned, obviously, FSD,
some of the recent updates and stuff there.
Welcome to the stage.
Great to have you on the conversation again.
Yeah.
Hi, everyone.
Thanks for having me here.
So, yeah.. Hi, everyone. Thanks for having me here. So, yeah.
Happy holiday, everyone.
So, yeah, right now I'm using FSD 14.2.1.
And starting this version, I can track my own stats that's using self-driving car.
Like my stats is 99%.
So that means I almost don't drive myself.
So that means I almost don't drive myself.
So I see like mostly as when I'm finding a parking spot or in a garage or something that I still need to drive my car a little bit.
But in most cases on road, it's just drive itself.
So most cases I am using FSD.
So yeah, hopefully like it can finally reach to 100% someday and it can
like take the final, uh, final last mile that finding a parking sports for me,
uh, that I need, don't need to, don't need to think about it.
That I wish that, uh, in the, in the future versions, it can, can achieve this.
So yeah, today I'd like to cover several topics
about latest Tesla news.
The first things that I'd like to talk about
the Gigafactory Shanghai.
So Tesla's Gigafactory Shanghai just hit a major milestone,
production milestone by manufacturing its 4 million vehicle.
Like it underscores the company's scaling capacity in China.
So yeah, let's go back.
So the Tesla's Gigafactory in Shanghai also known as the Gigashanghai.
Like it's the company's flagship manufacturing facility in China.
is flagship manufacturing facility in China.
And so right now it covers a huge amount
of the global manufacturing effort of Tesla.
So it's mainly focusing on Model 3 and Model Y.
And yeah, it achieved the one million vehicle
in like 2022 and 2 million milestone in 2023.
And like the speed is like almost 1 million vehicle milestone every year.
So this year it reached 4 million vehicle milestone. So like this progression, like underscore Giga Shanghai's role in production, producing roughly like 50 to 60% of Tesla's all-time global vehicle outputs in just six years.
And making it like cornerstone of the company's production network.
So I'd like to address the efficiency.
So currently the operational efficiency
in the Gigafactory was super high,
like a new vehicle rolls off the assembly line
every 30 seconds.
This is amazing.
And supported by 95% of the localization rate
for Moto3 and MotoY components. supported by 95% of the localization rate
for Model 3 and Model Y components. So that means that nearly all parts
are just sourced domestically.
So this includes optimized supply chain
where supplies are very near to the factory.
This actually make the efficiency super high and also the initial uh
energy efficiency like is super high like it's it's uh like an like a 29 reduction in in energy
in energy like per vehicle compared to tesla the fremont factory and it's also have a much higher efficiency, production efficiency.
Like so Shanghai workers like produce like 47 cars per year per employee versus like 20 in California.
So California employees like produce like 20 cars per year per employee.
So much higher production efficiency in Shanghai.
So that makes the competitive advantage for Tesla in Shanghai. So that's makes the competitive advantage for Tesla in Shanghai.
And also the entire factory like providing also export to other countries in Europe and other
countries. So yeah, the the giga factory in Shanghai was Tesla's definitely very physical hurt, I like to see.
Yeah, so the milestone that I achieved
is super, super fantastic.
And the second thing I'd like to say is about a news
that also happens, I believe in the last two weeks.
It's about President Trump just
assigned a new executive order. It's about the the Genesis
mission, I believe. Yeah, yeah. So in the end of November,
President Trump just assigned an executive order launching the
Genesis mission, an initial initiative aimed to accelerating AI-driven
scientific discovery and innovation.
So this is lead by DOE, Department of Energy,
like it's focusing on accelerating the development
of AI technology, robotic technology, and all the automation,
especially in manufacturing related areas.
So I would like to see that this will actually have a super, super huge effect for the future Tesla.
So the Genesis mission could significantly benefit Tesla given its heavy reliances on AI and automation driving, FSD, robotics, and also the energy, mega packs,
and virtual power plants. So almost the executive disorders, almost every area was affecting Tesla,
including AI, robotics, and energy. So we can see a huge effects on Tesla in the future. So the direct impact will be like,
the first thing is to access resources.
Like Tesla could tap into like federal
supercomputing data sets for AI training,
enhance its like the model training AI system
used for FSD and the robotic systems,
and also accelerating its FSD and Optimus development.
And second thing I believe it's super important
is about the regulation relief.
So Trump's push for AI preemption,
like it's like state by state regulating,
he will try to address it.
And especially this is very good for RoboTaxi.
So we will expect to have nationwide regulation for RoboTaxi instead of Tesla have to apply
license states by states.
So I believe this is super good for Tesla tesla's future uh robo taxi regulation related
works and it's also bringing partnership opportunities so the mission emphasis on
public private tiers open doors for tesla to cooperate with like other national lab labs projects and also even other funds for its AI and energy efforts.
So yeah, definitely we could see in the future this mission, this strategy will benefit Tesla
in a long term.
Yeah, I believe this is what I want to talk about in the latest news about Tesla. Thank you.
I love those insights. The Shanghai Megafactory, aren't they also doing the Megapacks? I was
reading a story. I think they are the ones creating the ones for the Chile project as well,
right? Yes, yes, yes. The Gigafactory in Shanghai also related to the energy, to the Megapacks.
yeah, the Gigafactory Shanghai also related to the energy, to the Megapads. Yeah.
It's incredible. So they're just doing it all over there. I appreciate that. Big shout out to
Chung Yang and the team over at Jarsi. Just a quick reminder, there is a link up top. If you
haven't checked out Jarsi yet, you can get access to pre-IPO companies for retail investors,
SpaceX, XAI, among several others, all on that list.
Go sign up for free. Check that out. Also, if you are an investor in one of those,
the Jarsi team, Chung Yang and his team, great team over there, by the way, go check out the
resumes. They'll put out their research notes for you as well to help you out as you're investing.
So big shout out to that. Sawyer,
saw you join us. Thanks for patiently waiting up here with us. I want to bring you into the
conversation as well. See if anything that maybe you heard in the last few moments you want to
comment on or just anything else that's sticking out to you. We've hit on a few different things
today, of course. It seems like there's a lot going on, nothing just like earth shattering,
but just a lot of really cool, small things going on all around the Tesla sphere.
Yeah, I think the Tesla stuff was covered well.
I think, honestly, the most surprising news for me in the last few days
was just the SpaceX valuation news, the IPO news,
and sort of Elon himself giving an update on why the valuation has increased to that.
I think a lot of people misinterpret.
When Elon says stuff about, you know, about evaluation or recomments, not true,
he's usually not talking about the entire article or the entire thing.
His post about there's been a lot of press claiming SpaceX is raising money
at $800 billion, which is not accurate.
He's not saying the $800 billion valuation is not accurate.
He's saying SpaceX is not raising money.
SpaceX hasn't raised money in probably three years, roughly.
Twice a year, they just do tender offers or secondaries,
which gives longer-term investors and employees
a chance to sell stock.
You've got to provide some liquidity for them.
And what SpaceX tends to do is they just buy back
the stock themselves rather than distributing it to newer investors out there
or existing investors that want to buy more.
Sometimes it's a mix,
but SpaceX has been cash flow positive for many years,
and so they're able to do these stock buybacks twice a year,
and because a lot has happened in the last six months
since their $400 billion valuation update,
specifically they bought over $17 billion worth of spectrum,
which will secure their global direct-to-sell spectrum,
which is a huge, huge, big deal because they're going to be able to,
I think just last week the news came out that they trademarked Starlink Mobile.
And so I think their long-term goal is to get into the mobile market
in a big way. That doesn't mean they're going to put out of business, Verizon or T-Mobile or whatnot.
It's just going to be in addition to that. But I think years down the line, we can expect Starlink
to direct to sell to be in almost every smartphone. I think that makes sense. There's really no other
competing system that can deliver what Starlink can.
And so that's part of the big reason for the valuation increase.
I was expecting, you know, they do it twice a year,
which in June and in December,
I was expecting maybe $450 billion to $500 billion.
So when I saw the $800 number, I was like, holy crap,
way, way bigger than I was expecting.
And for what it's worth, I hear the 800 billion number is true.
So we'll see.
What's the clarification there?
I just wanted to ask, what was the clarification?
Because when they came out and said that they were going to do
some type of secondary offering or secondary sell,
but then Elon denied it,
but there's still the 800 billion number still has some merit to it, I guess.
What's funny is Elon said the press has been claiming that SpaceX is going to raise money
at $800 billion, which is not accurate.
And then Bloomberg goes and writes an article and says that SpaceX is not, their evaluation
is not $800 billion, which is literally not what Elon said at all.
So he's saying the press wasn't listening
and then they go and write in something that's not accurate again. Again, SpaceX is not raising
money. They're just doing a secondary or tender offer, just giving liquidity to existing investors
and employees where they can sell some of their shares. The valuation is $800 billion. It's just
they're not raising money at $800 billion, if that makes sense.
I think an easy way to define the difference is one of them is employees selling
and the other is the company selling, right?
So raising money would be if the company was selling.
Yeah.
SpaceX hasn't raised money in years.
They haven't needed to because Starlink has been generating enough money
and their launch business is doing quite well at this point. I think another reason for the huge value increase
is the potential of data centers in space.
This is something that I've certainly woken up to in recent months
as Elon has talked more and more about it,
and Jensen Huang as well.
And I think this is a huge, huge opportunity for SpaceX and XAI
and really a lot of Elon's companies to
work together on. And I'm not sure most people are fully grasping it yet, but I think they will.
And the SpaceX valuation increase, I think, partly reflects that potential.
It's not just Elon and Jensen. CEO of Google is also talking about the data centers in space.
And Elon mentioned a couple of times something much bigger when he was talking about the data centers in space. And Elon mentioned a couple times something much bigger when he was
talking about the valuation. And I do believe
you're right on with that, Sawyer. He's talking about
the data centers in space. He thinks they're going to be
huge. And SpaceX is obviously
going to be at the center of that.
Yeah, I mean, imagine Tesla providing
the solar and the chips, and then
SpaceX launches it and maybe manages
it while it's in space. And then XAI
runs the AI part of it.
I mean, the synergies between all the companies is pretty cool to think about.
The other piece that I wanted to ask on was the possible of an IPO.
Was there any claims or denials around that?
Because that was a piece of what I saw as well,
that they were eyeing a late 2026 IPO per sources, I guess.
We'll leave it there.
Yeah, I don't want to dive too much into that,
but Elon obviously didn't comment on it,
and I think there's a reason for that,
and I think we'll just leave it at that.
Yeah, I like that.
I think his stance has been fairly clear around that piece,
at least in the past.
Yeah, it's super interesting. Starlink, I don't know if you heard earlier, I was on a United
flight and I was watching YouTube TV on my phone for free the whole way. I mean, seamless. I mean,
could use it on the ground before you took off. But it's incredible. I can't wait till they get
that rolled out. And I'm really interested in the straight direct to sell.
Because what you said that they got the, was it a patent approved or a license?
Was it a license that I saw?
They applied for a trademark, which is called Starlink Mobile,
but they secured over $17 billion worth of spectrum.
So this will enable them to actually launch a service called Starlink Mobile eventually
in the near term future. That will be pretty cool. We'll see what they end up doing with it.
Are you enjoying the holiday updates? Have you got any of those on your vehicle yet?
Nope, still waiting for that. Still waiting for that. We talked about that a little bit earlier.
That was pretty cool. Chung Yang, I'm curious, your team and some of the research that you guys do,
if you've dove in any into the SpaceX side of things,
I know we talked some of it last week,
but with some of the recent updates,
the valuation stuff, any of that,
any thoughts around these pieces
that have come out in the last week or so?
Oh yeah, yeah, definitely.
SpaceX definitely is his topic last week.
So our platform, because we have our own user data,
so our platform on the SpaceX related evaluation
based on user behavior was like located around,
similar to what Sawyer said,
just it's about like 500 billion to 600 billion before the news announced.
So the news that the new valuation actually create a huge bump,
a lot of buy orders coming in because of the latest valuation definitely higher than what the platform has.
So huge buy is coming in. And yeah, the deep dive we're looking into
is definitely about what SpaceX role
in the future data center in space.
So this is some, we see some comments that Elon made
when she comments on, I believe Cassie Woods
on Twitter or something.
Yeah, definitely this is a very, very huge vision
about the effort that want to put data center in space
for like definitely lower costs on the energy consuming
and there's better cooling in the space.
There's huge synergy between multiple E-Long's company,
between XAI providing the data source and
SpaceX launch it and Tesla as
related to all the solar power equipments.
So this is like a huge synergy between multiple companies.
And we are still looking into like
how this vision can be practical
and definitely what's the revenue related benefits
about if this kind of vision can be realized
and what's the expected valuation can be
if this vision can really be practical
and bring real values.
So our team is still looking into that.
Definitely we will deep dive this in the future.
Yeah.
I'm looking forward to continued updates there.
Once again, that link is up top.
If you are, for one, looking to maybe invest a little bit
into SpaceX or any of those other private companies,
definitely check that out.
It's free to sign up and look around in there,
but also the research from the team over there.
Very, very good stuff that I'm looking forward to reading
more and more of. Omar, I want to bring you back in and see if you had any thoughts around any of
those pieces with SpaceX, the valuation piece, maybe if you want to comment on the IPO stuff as
well, but just anything else around the SpaceX. Are we getting data centers in space? It seems like that's where we're headed.
Yeah, the possibility of a SpaceX IPO is definitely really exciting, especially if you're a SpaceX investor.
If you've had a chance to get in while it's private, I mean, this is going to be a monster offering. And I feel like the tech IPO market has been kind of cool for the last few years.
We haven't seen a ton of major blockbuster IPOs. There haven't really been a ton of companies
making that leap from startup to Mag7. Maybe a testament to how dominant the Mag7 tech players are, but we've got now, I think, an OpenAI IPO
coming up, the SpaceX IPO coming up, some of the most valuable private companies. And I mean,
these are monster private companies at a scale that we've never seen before. You didn't tend to
have trillion dollar private companies.
I mean, that's the realm we're getting into here,
where companies are staying private until they really reach a trillion-dollar valuation.
I think that, you know, I wouldn't be surprised to see either SpaceX or OpenAI
trading at a valuation above a trillion dollars after their initial offering.
So it really is kind of unprecedented territory with companies just staying private much longer.
And although there are challenges with being public, I think it would be great to have access to SpaceX as an investor.
I do think, you know, obviously the liquidity, you can do these
sort of secondary offerings, but nothing beats the liquidity of the public market. So a lot of
really exciting IPOs forthcoming, I think. Maybe some of the biggest offerings ever in the history
of public markets. So that'll be something to watch out for sure.
You know, the space-based data center is a really interesting idea
because on the surface at first, it just seems kind of insane, right?
Like, how can I launch a data center into space
and actually have that be more cost effective to operate than a data center
that's here on earth that doesn't have to be launched into space. But this is kind of what
Elon is so good at. He's a visionary who can see 10 years into the future in a way that kind of
makes him look insane today often, right?
Like sometimes you just kind of read what he's saying and you're like,
are you high or, you know, you think this could really work? But then I started looking more into
it. There's actually a lot of companies that are investing in this space. It's not just SpaceX.
And you think about it, when you think about the Starlink
satellites that they deploy, what are they? They're essentially an internet communications link
connected to a computer, right? So the computer uses the radio signals, connects to all the
dishes and all the ground stations, and it essentially acts as a router
and does laser links with the other satellites and all that.
But a Starlink satellite is essentially already
a floating computer or a floating server,
if you want to think about it that way,
that's connected to the internet.
So what if with Starship, you just made the satellite bigger
instead of just having,
you know, basic computing on there for routing internet connections? What if you actually had,
you know, like a H100 or a B100 in there, right? Or a Tesla AI chip or something equivalent for
AI inference or training? I mean, why couldn't you run AI training workloads, especially with AI training workloads where
you're kind of crunching the data for a long time, and then finally at the end you're giving
back the result, the model?
Workloads like that, I think, could actually be amenable to space-based training, right? You kind of just
send it off, it goes and trains for a long time. And as we talk about kind of hitting up against
the physical limits here on Earth, for example, how much power does the data center need?
How am I going to go get the utility to sign off?
And do they have enough capacity?
Okay, we need to build a new natural gas plant.
That's going to take a few years.
That's going to have environmental review
versus just throwing a solar panel up
and just gathering energy from the sun
and using a combination of a solar and battery.
So if you really kind of think far into the future and you think,
okay, well, if I want to really scale to insane levels,
I want to take these data centers and really have 10 times more compute.
XAI has hundreds of thousands of GPUs in their data center.
What if we want millions or tens of millions or even billions of GPUs?
Well, there's a lot of space in space to kind of scale to those insane levels
that might give us models that are a lot smarter than what we have today.
smarter than what we have today. So it's kind of crazy. It's probably going to take
So it's kind of crazy.
maybe three to five years before I think it's cost competitive with terrestrial data centers.
But long term, I wouldn't be surprised if the biggest cloud service providers are
the biggest cloud service providers are actually in the clouds, right?
And it's just amazing how SpaceX has gone from being a rocket launch provider
to really becoming a major telecom provider.
They've now acquired Spectrum.
They're going to be doing Starlink Mobile
to I think now in the future actually becoming a major cloud service provider.
And given what Starship is capable of, you could see SpaceX's space cloud,
you know, maybe rival the size of some of the major terrestrial clouds someday.
And, you know, there's a lot of interesting upsides as well. Natural
disasters here on Earth. You know, let's say there's a hurricane or
a nuclear war or something. The servers in space won't be
affected by anything that happens here on Earth, right? So that's kind of
a powerful backup system, right?
And I think probably you would want to run some data centers
in space just to get that tolerance for your system. Then think about legal issues, right?
We have all kinds of jurisdiction issues and, hey, is the data in my country or your country?
No, we don't want our European data on American servers. We don't want our American data on Chinese servers. Well, what's one way to get around all this regulation? Just
have the data in space. Oh, guess what? It's not in anybody's country now. We don't have to worry
about the FBI or the Chinese police or the European Union going into this data center because it's flying around space
at high speed. So there's a lot of kind of interesting benefits when you think about it.
Like I said, it's probably going to take three to five years for it to be competitive,
if then even. But it could be SpaceX's largest source of earnings in the future.
I mean, look at Amazon and AWS.
You would forget that they were a bookstore.
They're making a ton of money renting computers to people.
And longer term, I could see SpaceX making most of their money on renting out compute as well.
A lot of really good stuff there.
It's funny, you just jogged my memory.
I was speaking with a younger, it's actually one of my cousin's sons.
And he's like writing college age.
He didn't realize that Amazon was ever a bookstore.
Very smart guy. He's a programmer, you know, high level stuff, but he just didn't know. He was
never exposed to the backstory of Amazon. The other piece that's interesting you mentioned
there, natural disasters, malfeasance even, you know, people, you know, just bad actors,
you know, that would go up and try to harm a data center or something like that.
A lot harder to go to space to commit vandalism, right?
I do think it's super interesting as we piece all these things together, the outer space,
and basically it's an ecosystem that SpaceX has up there.
I love those comments from Omar.
Penny, I saw you reacting a few times there.
Any thoughts that you want to throw in?
Well, I think any thoughts that I have right now are just basically agreeing with what everyone
else has been saying. I think that there's a huge future for data centers in space and
And looking forward to seeing both Tesla and SpaceX profit from it.
looking forward to seeing both Tesla and SpaceX profit from it.
I remembered what I was going to ask back to Omar.
Omar, one thing that's mind-boggling, I was talking with StockTalk about this the other day.
Where AI is at now?
And I think about where Grok is at, where the Tesla AI stuff is at and all that.
The AI that we currently have, it's impressive.
They haven't even built out hardly any of these data centers yet. Where does that take us? Have you pondered that much? Like
when I think about how much they're spending to build all these crazy data centers all around the
US, all around the globe, none of those are even online. They're still trying to figure out, you
know, the energy, how to power them and all these things and I'm sitting here going what
AI is already doing what it's capable of doing today without any of this data
center build-out
yeah I mean we're just starting to scratch the surface of artificial intelligence. I mean, what we're going to witness in the coming
years is an explosion of intelligence that we've never seen before. And just, I kind of use biology
as a guide here, right? You think about what a human can do, even a baby, even an animal in many cases.
Someone on the XAI team was talking about watching a tarantula move around and just how it's able to execute so many tasks.
The AI on that tarantula is, well, I guess it's just I, it's not AI.
The I on that tarantula, the intelligence,
is beyond any artificial intelligence that we've created.
And you look at like a human baby,
and they don't need to be plugged into a big room full of liquid-cooled GPUs.
They can learn stuff just by watching.
They'll hear you say something, and they'll start repeating it.
They'll learn language, right?
So when you look at biology as a guide,
it becomes clear how primitive our systems are.
We marvel at, oh my god, wow, my car did 100% of the drive.
But I think in the future,
we're going to be able to talk to
these models like humans we're going to say hey pull over in the back i've got a bunch of stuff
i need to bring in through the side door here and it's going to understand that and we're going to
marvel at how primitive these early models were compared to the intelligence that's coming. And yeah, with biology as a guide, these models
still can do a fraction of what human intelligence can do. So we know from looking at living things
that it's possible to build learning systems that are far more advanced. And we're discovering how
to do that. We're discovering how to build that.'re discovering how to build that and I think ultimately we are going to be able to build artificial systems that can do everything a
human can so we're talking about cars that can do everything a human chauffeur can humanoid robots
that can do anything a human assistant can and ultimately they I think there's an opportunity
to actually exceed biology to create systems that learn better than
our biological systems can. So we're really just at the beginning here. There may be stops and
starts between the various breakthroughs we need to get there, but what we have, and the billions of dollars of data center spending we have is really a poor approximation of the learning process we see in nature.
And I think in the coming years, we're going to get models that are just much, much smarter.
So today you can make an app with AI, but you kind of already need to be a developer.
can make an app with AI, but you kind of already need to be a developer. You kind of already need
to have a good technical understanding to know what to ask and know how to debug some of the
issues and really understand what's going on. In the future, we're going to have an intelligence
where a five-year-old child creates a billion-dollar app on their own just by prompting this model.
That's kind of the world we're going to move into. So there's a big gap, I think, between
what we have today and what these bigger data centers you're talking about are going to yield.
It feels like every week we get a new model that's
the new smartest model in the world. And I think that trend is going to continue.
The more I talk about, think about, read into AI, what it's doing, what it can be capable of,
the more bullish I get. I don't know about you guys, but boy, it just gets me excited a little. I mean, obviously, there's some things that I'm
like, what in the world is it going to look like? But it's super, super exciting to think about all
this stuff. What does Grok currently offer within the Tesla? Landon or anybody that wants to jump
in, if you use Grok in your Tesla,
how much interaction are you able to give it
just instruction-wise right now?
Yeah, I can answer this question.
So yeah, right now,
Grok integration with Tesla is still very superficial.
So it's actually, you can just ask some questions about,
you can do recommendations about nearby restaurants
or interesting events that happening.
Yeah, it's just like more like a chatbot
or like a assistant that can give you advice
on what to do next.
But I would expect that in the next year
that there will be a deeper integration
between ROC and Tesla, especially the FSD
and the internal system.
So it definitely can be better,
like for example, helping me find a parking spot
or like using Grog or just say like, for example,
if you are being to a new place,
especially your own home
and you have a very specific parking garage
then that FSD don't know initially,
but that you can guide through GROC about,
oh, this is my parking place, this is my garage,
and the next time when you're trying to parking,
just parking at this place.
So this kind of integration,
I think I can be expected in the coming year.
So this will be something like uh morocco will become an
interface for you and your car and also on fsd side there will be some like personalized uh
small model or parameters in the car that can definitely train for yourself or like
customize for your own cases that can help you for a more customized parking, customized routing, or your personal
journey or personal driving experience. This is something I
can expect at how a Grok integrate with Tesla, deeply
integrated with Tesla in the future. Yeah.
Yeah, you read my mind because that's where I was going with
that question was it seems I was wondering where we were at now because that seems like the
logical next step. Sawyer, you know, the last few minutes here of the space,
I kind of want to ask a little bit about Grok XAI and if you had any insights
around those integration pieces right there.
And then what XAI doing some great things over there.
I was reading about this Grok 4.20, of course, the name there.
In the next few weeks, maybe, coming out,
they've been testing that one.
Also, Grok Code Remote with some coding and programming stuff
that can rival some other ones as well.
Yeah, it's been really impressive what XAI has accomplished
in just 2.5 years since its founding,
which I think is probably why OpenAI has sort of issued
their internal code red,
because a lot of their competitors are catching up.
And I think Grok5 is going to be really impressive.
They should start training that soon, if not already,
because they're opening their Colossus 2 supercomputer,
which is going to house hundreds and hundreds of thousands
of NVIDIA GPUs.
It's going to be the largest supercomputer in the world.
I think a lot of people underestimate or don't really talk about
how much XAI is going to be useful for Tesla when it comes to Optimus.
Tesla is going to obviously build their Cortex-2 supercomputer,
but XAI by and large is still going to have the largest supercomputers in the world.
And so I think we're going to see more synergies between Tesla and XAI on that front,
because as they need more and more compute capacity as time goes on,
Tesla's not necessarily going to be able to build all that out.
It just costs so much money, and they just don't have the cash to do it.
And so I think we'll see some partnerships on that front.
Not quite yet.
They still haven't unveiled version three of Optimus yet, but I think once that gets going
and they need, you know, Tesla builds up and builds up more and more real world data,
XAI is going to be there to plug it all in. And I think it's going to be really helpful.
I'm using Grok more and more. I typically in the past was a ChatGPT user for the most part,
GROC more and more.
I typically in the past was a ChatGPT user for the most part,
but GROC 4 has sort of changed that somewhat.
And more and more, especially with GROC 4.1, which is even better,
I'm finding myself just using GROC more and more.
I find it has better answers.
Its reasoning is better.
And it's able to interpret PDF documents way better too.
So, yeah, it's crazy how much they've accomplished
in just two and a half years really is.
Yeah, absolutely. I've noticed myself using it more recently as well.
It seems to have improved, like you were saying, the, like the data extraction,
obviously doing this, hosting all these different spaces around, you know,
the market companies and all this stuff. I use it to pull information a lot.
And it,
the speed that it does now compared to where it was maybe even two, three months ago,
it's a noticeable difference when I ask it, it understands me better, but it also, it goes,
it'll pull out, you know, 8K forms and 13F forms and a lot of filings from the SEC. And it can pull
this out way faster than I can even get to the website myself.
And it organizes the data very, very well.
So I just have that same experience there.
Are there any milestones, anything,
that you're looking forward to,
whether it's XAI or Tesla?
Obviously, SpaceX is launching like every other day now,
Sawyer.
Any other upcoming, as we come to the end of the space here, or Tesla, obviously SpaceX is launching like every other day now, Sawyer.
Any other upcoming, as we come to the end of the space here,
any other upcoming events that you're looking forward to through the holiday season?
Elon did say by the end of this year
that they would have some unsupervised robotaxis in Austin.
You know, we're only three weeks away from the end of the year here.
But regardless, whether that happens, you know,
this month or next month, it's whatever.
But that to me is a huge, huge moment.
Alex Potter from Piper Sandler put out a new note today that he himself was like,
Tesla's getting really, really close to unsupervised FSD.
They hosted a discussion with the designer of the FSD community tracker,
and they're seeing a 20x improvement of miles per disengagement
in V14 versus previous versions of FSD, which is an absolutely massive improvement. I mean,
I have a follower who I think is probably the number one in the world in terms of
how many miles he's driven without any interventions. It's like 3,000 miles,
and that'll continue to go up. But this is kind of a moment we've been waiting years for. I mean,
Omar and I were DMing or texting the other day. We're like, FSD this is kind of a moment we've been waiting years for. I mean, Omar and I were DMing
or texting the other day. We're like, FSD videos are kind of becoming boring because nothing bad
happens. It's doing everything perfectly now. But that's great because this is what we've been
wanting to happen for years. So yeah, unsupervised FSD and the launch of no supervised or like any monitors in the cars by the end of the year in January, I think is the one to look out for.
Absolutely. That's going to be a huge milestone. I did see that data point that you mentioned there.
What was it? The community driven tracker. Average miles.
So this is what I read between required interventions had jumped from
like 440 to like 9,000 and something. Is that the 20x or so that you were talking about?
Yep. Yeah, exactly.
The napkin math makes sense in my head. That's the data point I saw. Yeah, that's crazy. And
not only is that the biggest improvement in the last four years or so, it just shows you how,
Not only is that the biggest improvement in the last four years or so, it just shows you how – it's an exponential curve as it gets better and better and better.
I really liked that.
And, of course, that's the milestone.
That's what I personally – just the next milestone that I'm most excited about is seeing the car itself with no one in it.
And I think that's going to be a big change for perspective for the
general public. We've been saying this for years that FSD is going to increase demand for Tesla
cars, but it hasn't really happened, to be honest. But I think next year is actually the first year
that that's going to become true or rather a real thing to the point where it actually impacts
Tesla's bottom line. V14, I've been covering Tesla news for five and a half years now.
I always have people occasionally DMing me like, hey, I subscribed to FSD or I bought it outright.
But with version 14, specifically the later versions of V14, I'm having more people DM me
that they either purchased FSD outright or subscribed to it more than any other quarter
in the history that I've been covering Tesla. And of course, that's anecdotal, but it's nice when you have this many followers
because you get a lot of data input from different people all around the world.
And specifically in North America, tons of people are subscribing.
And I think this free trial that Tesla has done is really, really having an impact on people
because a lot of people in the past, Jason Kamisa, he was, I think using FSC
about a year ago, version 13,
and he tried it and it sucked.
And so he didn't really use it for the last year.
And then all of a sudden he uses version 14
on an hour long trip to San Francisco.
He's like, holy shit, this is like,
and fucking incredible.
And it went point A to point B all on its own
and parked by itself,
not a single intervention or major safety issue. And so I think that's what's happening with all
the other test owners, the 1.5 to 1.7 million test owners in North America that have hardware
for vehicles that are now on a free 40-day trial of FSD. And so I think as the free trial ends,
we're going to see more and more people subscribe
into January.
Yeah, and as more and more people just see it in general, I love, of all the anecdotal
things that I've heard, I feel like your sample size is large enough that it probably holds
some good credence there.
Sawyer, appreciate you.
If you're not following Sawyer or any of these great speakers up here on stage, make sure you go in and do that. We appreciate everyone joining.
Let's go around and kind of wrap up some thoughts here. Omar, I'm going to come over to you first
this time because Sawyer just mentioned something that I was going to buy your little camera setup
thing, but he just told me I didn't need it anymore because FSD is boring yeah I mean um probably there isn't a huge demand for people who just want to watch videos of
someone sitting in traffic but if you want to do it I did put up that camera kit it's pinned in my
bio for anyone who wants to buy the same camera setup I have. And yeah, you know, I agree with Sawyer. It's kind of
like something has kind of changed in me internally, just seeing everything that's happening.
I'm not really checking the stock price every day anymore. I see people kind of getting emotional about it. It doesn't really matter to me because I know that they've cracked autonomy.
There is a massive, massive unmet demand for autonomy.
99% of the world is still driving manually.
And I think they're going to have a big part to play in that and humanoid robotics. So, you know, even as we get into deliveries, I think deliveries
look like they're going to be down sequentially a little bit this quarter, somewhere around
maybe 410,000 units compared to almost 500,000 last quarter with the EV tax credit expiring.
compared to almost 500,000 last quarter with the EV tax credit expiring.
There's a little bit of demand pull forward going on there, I think, but
you know, I couldn't really care to be honest. If they're delivering above 400,000 cars this
quarter, I think that's actually decently good considering the EV tax credit expiring.
good considering the EV tax credit expiring, but deliveries don't even really matter to me
because they're just moving into a future that's so different from where they're coming from.
And I'm seeing the right leading indicators tick up. The leading indicators of people experiencing FSD-14 and converting,
ordering the product, buying or subscribing to FSD.
You're even seeing Europeans take a ride in FSD with a Tesla driver in the driver's seat
and then going and buying FSD for their cars
because they can't wait to get the update as soon as it's available.
That's something that I didn't think we'd see coming.
And, you know, just in my own experience, I just gave some rideshare rides.
I don't even mention that FSD is on.
And you hear passengers in the backseat go, wow, you know, is it driving itself?
Like, okay, walk me through how I can get
one. You're seeing it convert friends for the first time where people who didn't like Teslas
or they thought they didn't like Teslas, they go, you know, I've never really been a fan of Teslas,
but I would love to have a self-driving car. Or, oh, you know, this self-driving situation is game-changing.
People who kind of said to me, well, you know,
I don't really have a good place to charge my car.
I don't know where I'm going to charge it.
I'm kind of anxious about the whole charging situation,
but they end up buying a Tesla just to get the self-driving feature.
So Sawyer's right that FSD, as much progress as they've made, it hasn't really translated
into deliveries.
And it hasn't been a leading reason to get a Tesla.
Even the guy who got the first autonomous delivery in Austin, he said, well, I bought
it because my dad has an EV and he loves not going to the gas station.
He didn't even realize what the autonomy features were on the car until the car showed up to his house without a driver, right?
That's kind of where we are.
It hasn't been affecting demand yet.
But I think in 2026, that's going to change in a big way. In my conversations with people, in my experiences with rideshare,
just talking to my friends, I'm seeing this self-driving feature convert normal people for the first time. It's now ready for your mom, ready for your grandma, and features like being
able to use your phone while you're in a traffic jam.
I mean, that's a selling point that's going to convert even loyalists from other brands.
So I think 2026 is going to be the year that you finally see this impact car sales.
And I think 2026 is also going to be a year of insane robo taxi expansion. You know a lot of people like to
criticize the robo taxi service but it is the first pure vision robo taxi service in the world.
The first robo taxi service in the world with nobody in the driver's seat that's just using
cameras. If this works it's going to enable a rapid rapid expansion of autonomy and that's just using cameras. If this works, it's going to enable a rapid, rapid expansion of
autonomy. And that's exactly what happens. What's happening? They're going to be removing the safety
driver in Austin. As they scale that up, I think 2026, we're going to see just a massive, massive
expansion of this service.
Once you don't need the safety monitor, you can just throw cars on the road.
Make cars, they come out of the factory,
they can just drive straight out of the factory and just start giving rides, right?
So I think you're going to see a massive expansion,
a fierce competition between Tesla and Waymo. But you know, a lot of people don't
realize Tesla already has a bigger service area footprint than Waymo today. Just based off their
two markets, the Bay Area and Austin, their service area is bigger than Waymo service area.
Now, granted, Waymo is fully driverless, while Tesla still has safety monitors in the car.
But I think that's about to change.
They're about to remove the safety monitor just six months after they started.
So I predict 2026 will be the year autonomy goes mainstream,
the year it starts to impact Tesla sales in a way that I think is honestly going to shock people,
and the way that it is going to impact the deployment of driverless rideshare.
And this really feeds into every aspect of Tesla's business.
If autonomy is doing well and people are demanding autonomy,
they're going to be buying cars, they're going to be upgrading cars,
they're going to be traveling on the supercharger network, increasing supercharger revenue.
They're going to be signing up for Tesla insurance where they get a discount for using FSD.
The growth of autonomy feeds into every part of their ecosystem, even mega packs. We're
going to need a lot more mega packs to support those charging stations that are going to be built out to support all the autonomous travel that's happening.
So, yeah, 2026 is looking like a pivotal year in autonomy.
I couldn't agree more. Landon, jump in.
Couldn't agree more. Landon, jump in.
Omar, I thought I'd ask you, what did you make of the list of countries that Tesla expanded the Robotaxi app availability to?
Is that just something that was always in the works? Does this mean something? What did you think about that?
I think it's pretty clear that Tesla's intention is to make RoboTaxi a global service, like
Uber is.
So things are going to vary depending on jurisdiction, but I think they want RoboTaxi's to be available
in pretty much every country they operate in.
And you've seen them launch FSD supervised in many of those
countries I think they want to make robo taxi available like there's no reason
they can't do a robo taxi in Australia and New Zealand or South Korea today
right FSD supervised works in those countries so I think that's what
they're working towards
working towards. Landon, I want to see if you had any thoughts. We had another great conversation,
per usual, with this crew up here. Any other thoughts, anything that you want to
hit on before we start to wrap up and close out for the day?
Darn right I do. Thank you so much. The Supercharger
Network. You know what? You've heard the phrase, you know what it is if you have a Tesla. This is
what makes it easy to drive around the country, do these road trips. You know, you can do 600 plus
miles in a day, something like that. If you're hardcore, you can drive your family around, but
we haven't talked about it very much.
It came up yesterday. I've got a friend in the community, loves his Teslas, and he flies. He's
got offices in three different cities that he flies to regularly, and then sometimes he drives
the routes. Let's just say that his route is Denver area to Vegas area. And he hadn't done it
in six months. And so he's talking about, oh, I'm going to try to hit this. And then there's this
spot there. And so I sent him a list for his Cybertruck. I said, you know, maybe you haven't
looked into the cities. I know you've driven that route a lot. And so we just easily
came up with, you know, eight or nine or 10 or a dozen of the newest version four Tesla superchargers
that have popped up on the route, mostly since he's driven it last. So maybe you heard that
Tesla is not focusing on superchargers. Maybe you've heard
that Elon fired the whole supercharger team in a fit of rage, a tantrum. Well, let's look at the
reality. The reality is these stations are popping up globally around the world every day. If you follow these Tesla Supercharger,
Tesla charging accounts on X and other trackers,
you will get notifications every day
of these new stations open up.
So making travel easier.
I loved a road trip in my Cybertruck
and the other Teslas are so comfortable, so safe.
And now with Tesla self-driving 14.2, you're really watching the other Teslas are so comfortable, so safe. And now with Tesla self-driving 14.2, you're really
watching the other drivers more than ever because you're still looking around at traffic. You're
still making sure nothing goes wrong, even though I can't remember the last time that it did.
And what are we seeing? We're seeing all the other drivers on their phones, looking at social media, texting their family.
And you can do that now a little bit in a Tesla more safely.
You can do it without disengaging.
You can do it without trying to drive an ICE car with your knees as you type and slam into the car in front of you at the red light that you didn't notice.
So I'm excited about superchargers.
I'm excited about robo-taxi and Tesla self-driving.
And it's just great to hear our friends in the community using these superchargers to get around.
They tell me, hey, I use this network to drive my own Tesla,
to have my own Tesla drive me instead of jumping on a regional flight. I don't have to go
to the airport. I don't have to get into a cramped seat on this little turbo prop. I can just get in
my Tesla and push the button and I'm there easily, comfortably, no TSA involved. Thanks, Wolf. Great
to hear the other speakers on the board. I learned a lot today.
I echo that thought.
I always learn a lot from this great crew up here.
And if you get a chance, send some of those superchargers down here to where I live in Mexico. That's the only thing when you've built out a little bit more down here.
Man, I'd love to make that trip because now you can get – they're going to put one up in Rocky Point on the sea cortez puerto panasco that's on the list for coming soon and then just think about that if
you could make that run from phoenix tucson puerto panasco you could run down the coast we're going
to be in puerto vallarta we're going to be in cabo on the tesla supercharger network forget those
budget airlines where they're using the planes from the 1960s.
You can just drive your Tesla down there.
I hope in the next couple of years, Wolf, I'm in.
Let's do it.
Swing by, pick me up, or I'll meet you over there.
Either one, you let me know for sure.
And they are making a big push to build out
more and more down here.
So I'm excited for that.
JC, hanging out with us still my favorite
Houstonian. I had a 20 minute, maybe 15 minute layover on Sunday night. And I thought I was
going to be spending the night down there in Houston. And I was definitely going to call you
if that happened. But JC, any final thoughts, words, comments, anything that you want to leave with us today? Yeah, I mean, everybody's, you know, kind of said everything already so eloquently.
But yeah, for me, it's about robo-taxi.
That's it.
I honestly, I love it.
Landon's more of the holistic approach to Tesla.
I could give a shit about superchargers right now. Sorry, Landon's more of the holistic approach to Tesla. I could give a shit about superchargers right now.
Sorry, Landon.
I just want this damn robo-taxi to roll out and do it safely,
do it as quickly as they can do it.
It's all about autonomy.
It's all about these robo-taxis.
It's taking my idiot ass out of the car and getting, you know, whereas I
can do 1700 trips in seven months. Let's get these, let's take the human element out of this thing
and get it going. I mean, and Landon, I was being tongue in cheek. I'm obviously, I love the
supercharger network as well, but it is 100% aboutTaxi. I'm with Omar. I don't check the Robinhood app to
see what the price is. In fact, you don't need to check to see what the price is. Just go on X.
I guarantee you somebody you follow will tell you every five seconds what the stock price is.
What I do is I take my Uber earnings every two days, because that generally right now, while we have this opportunity, equates to a share of Tesla.
You know, me doing two days Uber, and I just immediately transfer it over to buying Tesla shares.
Not financial advice, that is just my, and I don't even look at the stock price on the day. The only way I find
out what the stock price is, is when my Chase transfer app tells me insufficient funds. And
I'm like, oh shit, I guess the stock price has gone up then. So I need to transfer a little bit
more. That's my approach to investing. I don't look at the stock price. It's RoboTaxi, it's autonomy.
That is 100% of what I'm thinking about right now.
The last thing I would say on that, Wolf,
is I'm really, really excited about the World Cup
coming to America in the summer of 2026.
Not so much because I'm a football fan or soccer fan, or I think you weak Europeans call it football.
But anyway, soccer fan.
Sorry, we got to throw in a jab there.
But I could see the World Cup because it's going to be in so many cities and it's going to be warm weather and
a lot of warm weather cities like houston dallas la atlanta um you know that man what a what a way
and we're going to have like nearly 20 million visitors to a lot of these cities what a way to
shine for robo taxi we could do that, that's kind of, if I was
thinking about one, just, you know, that thing out there in the future, how amazing would that be
that if we could have RoboTaxi functioning well in a lot of these locations, especially like
Houston and Dallas, right, in Texas, because you already
got the permitting to do that. But, you know, they're already talking about here in Houston,
I hear it on the news, like, how are we going to get these people around? We don't have the
transportation infrastructure. Hell, our airport is still under construction. There's so many
worries about how to even get this influx of
people around to the World Cup games. And I would love it if Tesla Robotaxi could be one of those,
you know, that leaves a really good, you know, leaves a good opinion in folks that are going to
be traveling from other countries, a lot of other
countries where they may be fighting Tesla, right? What better way to really get the hearts and minds
of a lot of these international folks that are going to come to Houston and Dallas only because
of the World Cup? They get to enjoy Tesla robo-taxi, and then they go home and like, why don't we have this?
So I'm thinking about that as well, Wolf, as one of the great opportunities.
But yeah, it's autonomy.
Sorry, Landon, you know I had to throw a little jab at you.
You know I love you.
Boy, you could get a little rough.
What do you think I am?
A girly man over?
I can handle it.
Is that all you got today?
Jeez.
JC, I love what you said about that
because that is really what we think is going to happen is you get people that fly into a city like
Houston, like Vegas, like Orlando for Disney, like LA for Disney, like all of these other things.
If they're in a Tesla robo-taxi and they go back to their home country, their home
state, wherever they're from, and somebody talks about autonomy, they're going to have a story and
they're going to say, you know what, I was in a Tesla and it just drove me around and it was cheap.
And so the other people are going to be saying, oh, I don't want a robot car driving me. I don't
trust any of that. And these people are gonna be the ones on the ground
telling the story.
So that's how this robo-taxi expansion is gonna work.
You don't have to buy a Super Bowl TV ad to say,
hey, get a robo-taxi instead of an Uber.
You have to get people in the vehicles
and that's what you're gonna do.
Looks like 20 million people might have some of
that opportunity i'm definitely i mean i'm a huge world cup fan in general either way but it is
gonna be super interesting i hope you just get the airport done at some point that'd be nice jc if
you can make that happen because The airport has been under construction
for 40 years. Never stops. It never stops. They have improved some things. I'll give them that,
but goodness gracious. Yeah, it's going to be super interesting. And then, like you said,
there's the areas like Dallas and Houston and Texas that already have, you know, the robo-taxi stuff is already basically regulatory approved.
And then you have a lot more games in those cities.
So I think Dallas actually has the most games of anywhere, of any of the host sites in the World Cup.
They're having all the way up to a semifinal there.
But I believe that's the site with the most games there at Cowboy Stadium.
So that'll be definitely interesting.
Uzi, I saw you jumped up here with a hand up.
Want to give you a chance to jump in the conversation
as we get close to closing out here.
Thank you, Wolf.
I was in Austin last week,
and I just checked the distance.
I traveled four miles.
It cost me six bucks.
Now, I'm from New York,
so that would probably be 25 bucks,
like if you're in the city.
So I think there will be a
reckoning with price in the future, right? Like your, your ride to X, Y, and Z was, I don't know,
10 bucks max or something like that. And then you go there, you get a drink and it's like a $15
margarita. And you're like, what am I doing? Um, so I do think there will will be i don't know what the answer will be but
people are going to gravitate toward this there's an affordability crisis um and i yeah like a jc's
cooking i mean 2026 is going to be a massive year and i think people will the media will
start reporting on robo taxi and go crazy it crazy. It'll also expand, absolutely. But,
you know, I agree with JC, though. It's all about autonomy. Autonomy is like,
it's just the start. It's something to build upon. You know, like the really easy
perspective is the driver's time, our attention is freed up. So now you can go for entertainment
or you can go for productivity
or you can put ads in robo taxis too.
So it's a little different than owning your car,
but you can do work now
or you can watch a Netflix video.
And it's kind of like a building block.
And from there, as they put more cards in the roads,
you can go down crazier lines of thought but that's very it's that's like that's like us talking about data
centers in space in my opinion i think what's guaranteed is that robo taxi is going to it's
going to start like a national conversation at least about affordability. How is a ride across town $6? It just doesn't make
sense. The other reflection is that we talked about this in Alex's space or no, it was not.
I think it was Ellie's. There's just not enough cars right now. So I think we did talk about the
safety driver being removed. I heard Omar mention that. I think that will happen.
It's just one day I could get a ride, the next day completely booked.
And I was like, dude, this is disappointing because if I could, I'd ride a robo-taxi every day.
I didn't even care that it was driving.
even care that it was driving it was more about the entertainment so as for adoption I do think
It was more about the entertainment.
the herd will will go with what other people do and so that there'll be like a network effect of
like this is safe and this is acceptable by region and I think JC is is right like the FIFA World Cup
will be a catalyst right like it's going to be a lot of I know foreign people that are also
competing for our resources not like in a bad way they just need transportation
right and so having more robo taxis in that area is only only gonna help and
it's gonna be significantly cheaper than an uber so you know I just went on my
way home from New York to where I'm from.
$155 in an Uber.
No offense, JC, but I really don't want to be doing that in the future.
So I do think price will be like a significant thing for people. And as people price seek, it's like a 10x improvement.
It's not like a dollar or two where Uber is a dollar or two better than Lyft.
And Waymo is just around Uber. sorry yeah that was correct waymo is around uber's price so it's
you're not really price seeking you're just like quality seeking and that's why people like waymo
so i do suspect things to change 2026 is our year we always say that right like we feel like sports
or like 20 like next year is our year i'm very aware of that meme but i i really do believe it so maybe omar just got me jazzed up because i bought like
a share or two but yeah that's that's all i wanted to share
hey wolf is a cowboys fan every year is our year since 1996
yeah let's i'm just to skip over that one.
At least the Texans are having a year, I guess.
I don't know.
Goodness gracious, you caught me off guard on it.
Hey, Broncos are fun to watch.
All right, I'm just shifting away from the Cowboys conversation,
but I do love the Cowboys, but at least I'm a rational fan.
One of the few, I think, that exist.
Either way, Eli, got a few minutes here.
I want to see if you had a word to get in before I close up.
Yeah, sure.
Once again, it was a great space.
Great to listen to all of you.
Great points.
I think I'm just going to go with Waymo announcement about them launching drives or rides in London, 2026.
So of course, when it comes to WeMo, I don't really hold my breath, but it's good to see
that somebody is doing the hard work, you know, when they're laying the pipe ground.
And of course, tests are going to follow.
So with them pushing autonomous rides all around the world, For now, it's just in the US, London and Japan,
according to the statements by Wemo.
But once again, it's just good to see the fact that
we just within one app,
you can send it to millions of people all around the world.
And now they're already seeing the app in their phone.
They're seeing the advancement of fsd
we're starting to see a lot of um journalists probably coming out of the shadows talking about
uh tesla self-driving as a good thing because maybe yesterday they couldn't do that because
they were afraid to do that they were too embarrassed to support el or Tesla. But now it seems to be more, you know, something changed.
We see it across the board with people on YouTube, people behind news companies or
papers, whatever. So anyway, that's just good. And for me, I mean, Tesla changed my life. Elon
Musk changed my life. And I don't see any other spaces And for me, I mean, Tesla changed my life. Elon Musk changed my life.
And I don't see any other spaces talking about technology,
you know, like 24-7 almost here on X.
So it's good to see that we are here still,
like as a close and small group.
But I'm kind of like thinking about next year
and probably more people are going to join this community.
And it's just, it's going to be awesome to remember like in these days, like once again,
this space is great, but you know, three, 400 people next year, two years from now,
it's going to be millions.
And in a month or two, we're going to have two more, two million cars, two more millions
in the car because Tesla is going to deliver, you know, in like two more, two more million cars, two more millions in the car because Tesla's going
to deliver in two more, two more, two million, sorry. It's late. I'm about to go to sleep.
Anyway, thank you for the space. I think I said what I wanted to say and I see you in
the next one.
Ali, I think you're cooking there with the media too. When we were at V12, if you're
like a sell side bank you're
like i think there was like a reputational risk to backing elon at that point you know like
robo taxi wasn't starting yet but as time has gone on like as the technology proves itself
it'll become especially with robo taxi it'll become like so obvious in hindsight that oh it
was what would have been one of the best ideas
you know two years ago i think that was two years ago to buy tesla and you know the media has their
relationship with elon because of x so i i wouldn't hold my breath on that but i think there will be a
frenzy just because you know that that's what will be dominating the moment. But I think it's, you know,
this is kind of a pat on the back for us
for being, you know, high conviction for,
I don't know, was it five years
since Elon pivoted to autonomy?
Love the back and forth there.
Ellie, great having you back on the space.
Look forward to chatting with you more in the future.
Chunyang, let me give you a chance.
Any final thoughts here?
A couple of minutes to go before the top of the hour.
Yeah, this is really a long deep dive.
So we talk about Tesla, talk about SpaceX and also XAI
and covers topics not only manufacturing,
not only RoboTaxi,
but also covering the SpaceX latest evaluation and the AI trends on XAI.
Yeah, definitely want to go back to one of my topics that it's not only about one technology.
It's actually multiple technology boosting not only robotics, AI, but also space exploration.
So, yeah, this is what Jarsie is focusing on. So
we are just focusing on most super growth trends of those technology and covering
private companies in all these sectors. So providing investing opportunity, but also
deep dive into all the details of all those companies and industries, what's going on recently.
So yeah, just feel free to create an account on Jarsie and become our subscriber for newsletters.
We will definitely send out more details, newsletters about deep dives or into all those technology about AI, space exploration, and robotics.
or into all those technology about AI, space exploration, and robotics.
Yeah, big shout out to the CharSeek team over there doing great things for all of us retail investors.
That link, once again, pinned up top up there.
It is free to sign up and check out all the offerings that they have on the platform.
So go in there, check it out, get signed up and look around.
And you'll see some companies
that we mentioned quite often
right here on this space.
I don't know, not a recommendation
to invest in anything, of course,
but the ability is there.
I'll just leave it at that.
Big shout out to Jarsi.
Big shout out to Ching Yang
joining us here on the space.
We appreciate him.
Last but not least,
Penny Penny hosting all the way through the end. Boy, we had a long space today. We appreciate him. Last but not least, Penny Penny co-hosting
all the way through the end.
Boy, we had a long space today.
We went two full hours.
Great stuff.
Penny, I appreciate you
co-hosting with me on these spaces.
Final word goes to you today, my friend.
Appreciate you, Ryan.
Appreciate everyone in the space.
Awesome time to be a Tesla investor.
Talk to you guys next week.
Well said.
Appreciate that.
Holder Space is recorded as always.
Uzi, glad you snuck in here at the end.
Landon, always bringing the energy.
Great stories, great thoughts, great questions.
JC, my favorite Houstonian.
Penny Penny. Ellie, wherever Ellie is traveling the
globe, he's got a lot of good stuff going on over there as well. All the others that joined up here,
Sawyer, Omar, several others that were on stage. Big shout out to all of them. Make sure you follow
them. Check out all the great content they have all around this platform. We appreciate each and
every one of them. We appreciate each and every one of you in the audience
tuning in, making this space possible
each and every Tuesday right here at noon Eastern.
Two hour space today.
It might be a record.
I don't know.
I'm going to have to tell God,
like we might've set a record today for Tesla space,
at least here on Wolf Financial.
You can talk forever about it.
There's just so much going on.
We love that.
We love all of you guys.
Appreciate you tuning in.
We'll catch you on the next space. Heads up for next Tuesday. Not sure how it's going to work for sure because
me and a lot of the Wolf team will be traveling that day over in Puerto Rico. So we'll keep you
posted for sure. Gav may be able to still run the space. So we'll check in and see what that looks
like next Tuesday. I'll give you all a heads up, of course, on that.
But other than that, every single Tuesday, we'll run it right here on Wolt Financial.
Thanks for tuning in.
We'll see you guys on the next space.
Chattanooga Charge, one of the first events for 26.
Get your tickets now.
It's in the top.
When is that real fast?
March 20, 21, and 22, Chattanooga, Tennessee.
March.
March in Chattanooga.
All right.
I'll mark that down and take a look at it.
