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Tesla Deep Dive $TSLA Ask the Panel!
Recorded: March 17, 2026 Duration: 1:07:06Space Recording
Full Transcription
Thank you. Thank you. all right everyone how are you doing hopefully you can hear me a little uh getting started here
as we are getting ready to jump into the space this is another tesla tuesday always happy to be
here with you guys and my name is taj hanging out with the Wolf Financial crew. Always happy to have
Omar, Penny, Kristen, Landon, the whole crew up here and just dive into all the amazing things
that's happening within the world of Tesla. As usual, would appreciate it if you drop a little
comment or share this or both, a little comment or share this out,
or both, I should say, share this out to your friends as well.
Anyone that you know would be interested in this test of conversation.
I would love to have them in the room and we can get this started.
This is a recorded space and I will just send out a quick little greeting to Landon.
Let me see if I can actually hear you because for some reason I'm not even hearing the music when I was playing earlier.
I am here. How you doing?
Awesome. Great. Yeah, I can hear the voices, but I wasn't hearing the music, so I was a little worried there that I had lost all sound. So good to hear that.
How's everything going on your side, Omar?
All right.
A little technical difficulties there.
Penny, friend, how's it going?
Is it just Landon?
Only Landon can hear me?
Well, I don't know they they're up here on i'm showing omar and penny both as speakers along with some of the rest of the crew we can just get started
if you want yeah we could do that just dive into it um a couple things i just want to give a quick
little update as to uh what's going on on the financial side. And earlier, just a few updates, of course,
what's going on, man, what's going on. So Tesla had its, they were upgraded, looking at a 508
target by Stifel. So that's something that's positive on the horizon. Of course, year to date, it's down just a little bit.
But for today, it's up about a half a percent.
Right now, it's sitting at the stock itself, sitting at $396.99.
And we're looking at, you know, a fairly good day, seeing green candles across.
And some announcements that kind of came out on the financial side.
We see a $4.3 billion battery deal with LG.
Yes, the cell phone maker who also makes a lot of appliances and batteries.
They have now signed and officially are moving forward with this Megapack deal with Tesla.
So a couple things on that front.
They have a partnership or agreement too as well with Samsung.
So just a few things
that are happening on the world of the finances and big deals are being signed. And there's
excitement as usual. So besides the cars and all the things that we like to talk about, like from
the business side, there are some great contracts and everything being signed. So any thoughts on that? We pass it around. Landon?
Yeah, you bet.
It's fun to watch that kind of news break. The LFP is critically important, and American-made batteries that are LFP are really, really even more so.
We've had LFP out of China.
They've had forFP out of China. They've had a, you know, for a decade or more,
and they had one of those exclusive agreements,
and that's expired now.
That's why in the last five years,
we're seeing a lot more LFP production.
But to have it in the U.S. here really is a big deal.
This is great for Tesla.
This is great for Tesla Megapacks.
This is great for Tesla basic vehicles
that don't require the high nickel.
So I'm really, really pleased to see that LFP battery plant,
you know, getting signed on paper
and hopefully start construction soon
because the world needs more batteries.
I love seeing that.
Hey, great stuff there for sure.
Omar, how's everything on your side?
Can you hear me now?
Because I saw that you dropped down, came back up.
Hopefully you are back up.
Yeah, I think the space was muted, but I just unmuted it.
Oh, really weird.
Yeah, I was hearing everything on my side.
It's definitely odd.
Omar's right.
All of the speakers were muted.
When you were reaching for me, I tried to unmute, and I couldn't.
So the co-host, you and Landon, could speak,
and anyone else who you tried to throw the mic to was paralyzed, man.
Oh, that's wild.
That sucks.
Amateur hour over here. No, i'm just kidding but uh no things happen brother it's all good yeah great great to uh have you guys here smoky
how's everything on your side anything on your radar or anything that we had mentioned earlier
that you find very interesting hey it's good i'm just enjoying seeing all this federal aviation or not aviation, excuse me,
automation for vehicles come out with new regs and whatnot.
It seems like they're going light speed on it, and I'm really happy to see it.
Sorry about being a little bit late. I'm dealing with some work stuff, too.
All good, my friend. Just happy to have you here.
Kristen, you too as well. Happy to have you here. Anything that was said earlier or that's on your radar that you would like to speak about? Some interesting things as usual?
right now and smoky are shown as listeners to me so it's kind of wonky i hope they fix that but
yeah i mean it's funny that elon posted that the roadster um unveiling update thing is coming out
because i was thinking about it yesterday all day yesterday oddly enough and then elon posted on it
i'm like dang the roaster is coming out again the the new version so super excited to see what that
is and i know i know a lot of people will want a chance to get inside that because it's going to be one of the fastest vehicles.
So very exciting.
Yeah, that is really cool.
I actually have I know someone, the first person I knew that had a Tesla actually had the original Roadster.
They bought it off eBay, which was and it's still up and running the original Roadster.
So that's that's kind of cool.
And that had the the the lifetime charging and all that stuff.
And yeah, the thing is still running.
So a lot of people were knocking it back in the day when that thing came out.
But, yeah, it is still good.
Actually, my goddaughter took it to prom this spring.
So, yeah, it is in great condition still.
But, yeah, Omar, what's on the radar for you. I know you put out a lot of information and various things that might be, you know, of interest that you'd like to share.
I know you were sharing a whole bunch of things about not just Tesla, but all the competition failing.
You've put out quite a lot of data within the last 24 hours. So love to hear your thoughts.
Yeah, it's a really exciting time. There's a lot happening. You know, we got NVIDIA's GTC conference and everybody's talking about AI and robotics. And Tesla, I think, is really the leader in this space right now. While everybody else is getting on stage and making announcements, my Tesla's actually driving me around while I watch those announcements.
announcements, my Tesla's actually driving me around while I watch those announcements.
So until somebody else actually puts out a product I can use, there's no product that
can really just do all your driving, take you everywhere like Tesla.
And I have sort of a contrarian thesis on Tesla.
Most people really view Waymo as a leader right now,
given that they have, you know, 3,000 driverless cars on the road, which is more than anybody else.
But I think Tesla has a much better product. It drives more smoothly and human-like. It's just
much more comfortable. When you're in a Waymo. It's hitting the brakes all the time.
Jerky, robotic.
And the most amazing thing is they drive better without all those extra sensors.
When you think about an autonomous car, you probably think about those spinning lasers at the top.
There's all these appendages sticking out of the car.
Well, Tesla can just take an ordinary car off the factory line
and make it fully driverless like they have in Austin.
So the world really needs a lot of self-driving cars,
and Tesla's in a unique position to make millions of them.
I think that's super underappreciated right now.
They're at the very early stages of scaling their robo-taxi service.
They've just got a handful, single-digit number of fully driverless cars in Austin, Texas right now.
But I think they're looking to expand that rapidly with their CyberCab and other new vehicles.
So a couple of news stories we got recently.
One that came in last night, Tesla building an LFP factory with LG.
This is a pretty big deal with the tariffs and everything else that's going on. Domestic battery
production is really important and nobody does domestic production like Tesla. They've been
making their own battery cells, their own 4680 cells, but making their own LFP here in the United
States. One LFP is much lower cost and longer life than traditional battery cells. It makes it great
for energy storage and low cost cars. But the other aspect is, you know, once it's made in the
US, you actually get a battery production credit of $45 a kilowatt hour that is, you know, once it's made in the U.S., you actually get a battery production credit of $45 a kilowatt hour.
That covers, you know, more than half the cost.
So this is really important because Tesla's energy business, their mega packs, their stationary batteries, they've really been a driver of earnings for the business.
And that was a little bit at risk with the tariffs and some of the supply of Chinese batteries being cut off.
The fact that we have so much LFP battery supply now being made here in the U.S.,
that's a big improvement for the U.S. industry.
They're going to start with Megapacks, but I wouldn't be surprised to see down the road
U.S. LFP production go into cars and actually bring EVs to a cost level that we haven't seen yet.
So that's a pretty exciting announcement that went under the radar.
You mentioned the Roadster. Elon mentioned that next month they're going to be unveiling the new Roadster.
This is going to be their last great manually driven car.
And I mean, it's going to be one for the record books.
Fully electric.
It's got SpaceX cold gas thrusters on it.
And it can go zero to 60 in less than a second.
Like this car is going to give you a heart attack.
like don't don't don't ride in this if you have any heart problems.
Like don't, don't, don't ride in this if you have any heart problems.
Elon has said it's got some features that is gonna make it the craziest demo
you've ever seen. He says it'll be able to float a little bit so that's gonna be
fun for sure but that's not necessarily going to be material to the
financials. It's more just about paying homage to what Tesla
used to be. When Tesla started, it was this performance car company, right? The key feature
was that it could go zero to 60 faster than any other car. But the company has shifted its focus
and I think has a very different plan for the future, which is autonomous electric vehicles that are super low cost and mass produced.
Next month, the Cybrecab is going into production.
This is maybe the most important vehicle Tesla has done since they launched the Model 3 in 2016.
Actually, the Model 3 was launched March 31st, 2016. It's going to be the 10-year
anniversary in two weeks. And what better way to celebrate that anniversary by taking the next step
down in cost? The CyberCab is going to be a vehicle that Tesla sells new for under $30,000.
The target's actually $25,000. And man, with new car affordability the way it is,
most Americans just cannot afford a new car right now. 46% of new car buyers have an income above
$150,000 in the US right now. Your average person, new car isn't even a question,
Your average person, new car isn't even a question, even a used car.
When people's car break down, they end up going to Uber and Lyft.
It's a really messed up situation right now where your average American cannot afford a new car.
And a $25,000 autonomous electric vehicle couldn't be coming at a better time.
thousand dollar autonomous electric vehicle couldn't be coming at a better time because
well not only is it low cost but it actually has no steering wheel and pedals and a lot of people
are like what how's that even possible is that even legal but the government's actually on board
with this idea you can actually ride in a vehicle like the Zooks without steering wheel and pedals
already, but you're seeing the government go and update all the regulations. They've already removed
the requirement to have a steering wheel in 2022. But just last night, for example, you saw NHTSA
propose some new rules which would remove the need to have a gear stock,
you know, park reverse, neutral drive.
Well, if the car doesn't have a steering wheel and pedals, we don't really need a gear shifter
either, right?
That should be pretty obvious.
But there's a lot of these rules that are sort of vestigial, things like side mirrors
and gear selectors, and those are starting to be removed
so that you can have a vehicle like the cyber cab so a 25 000 autonomous electric vehicle
you don't need to buy car insurance you just subscribe to the autonomous service right now
it's 99 a month and if there's any crash or anything, it's just not your fault.
So I think this is going to be a really important step down in cost.
When we saw Tesla's Model 3 come out,
your average Model S and X before that was maybe in the six-figure range.
And then they got the Model 3 down to as little as $35,000. You saw a massive
expansion of Tesla's TAM. And we're about to see another such step down in cost. And
yeah, the design kind of reminds me of the iPhone when Apple came out with a phone that's just a
full screen. That's kind of what this car is.
I mean, there's no controls on it except the screen.
To drive it, you tap where you want to go on the screen,
and it just drives you there.
So even though it's a smaller car,
you've got a ton of legroom, you've got a ton of space.
I think this is going to be really exciting
to start seeing all the roads.
We're also seeing their robo-taxi service start to expand.
They've got about 10 cities that they want to launch in in the first half of this year.
And last night we started to see some test cars in Vegas, in Los Angeles, and I think Houston, and some of those cities.
So I've got the list here of cities that they are planning to launch in right now.
They're in the Bay Area, San Francisco Bay Area and Austin, and they're going to be adding
Las Vegas, Phoenix, Dallas, Houston, Orlando, Tampa, and Miami. So yeah, before the summer, these robo taxis might be coming to a
city near you where you can just download the robo taxi app, push a button, and for a few bucks,
a driverless car will come pick you up, take you wherever you need, and drop you off. That's the
real affordability solution for Americans that I think is really
going to help people. The ability to have a private car for a low cost, but there's nobody
else in the car with you. So yeah, I mean, this is so badly needed at this time with affordability the way it is. And yeah, it's really the start of a new chapter for Tesla.
It's pretty exciting.
It definitely exciting times for sure, man.
Now, great, great stuff there.
Really happy you highlighted that.
I see, Jess, your hand shot up.
I'll pass it to you.
Then we pass it to Doug afterward.
But I'd love to hear your thoughts.
I'm guessing you have something to respond directly to what either Omar just shared or was previously shared.
Love to hear your thoughts. Well, I love hearing all you guys always. I mean, Omar's just so
brilliant. I mean, if you don't subscribe to him, seriously, what are you doing
on this app? Just go do it right now, okay? Before I
start talking, or else I will keep you all here, and all you guys.
So I used to be in local government start talking or else I will stay, keep you all here. Uh, and, and all you guys. So, um, you know,
I, I, uh, I used to be in local government and I worked in local policy for many years and with
local governments. Um, and, um, I can tell you that one of the biggest game changers nobody talks
about, so you've mentioned Houston, Omar. This is why I'm bringing this up because I'm in Houston.
I right now I'm at, I'm at South by Southwest in Austin, but I live in Houston and the traffic
situation that we've been struggling
with in our major cities is a major dilemma, right? Because think about the infrastructure
that it takes to expand our highway system, to expand these roads. I mean, it's freaking crazy,
not to mention all the danger, the accidents, everything else. One of the things that very
few people, I've almost never heard this talk about with cyber cab, but this is going to be
the revolution, in my opinion, is the infrastructure revolution. Because when we did local government
stuff, every 10 years, you have to replace 10% of the road network or else it does not stay fresh.
So when you go to Detroit or something, you see all these crappy roads. That's not just because
there's cars on the road. It's also because of how people drive. But then, of course, you've got
accidents. People don't follow perfectly.
You know, there's all these human inefficiencies that really should have been solved a long time ago,
except that the regulators working with the big three created these regulatory moats.
Well, what's happening now with CyberCap, and I have no doubt now that, you know,
No doubt now that Jensen's Wong said what he said, that other companies are going to try and follow, although I think that Tesla is going to continue to lead, obviously, and become a dominant position on this front.
Jensen's Wong said what he said, that other companies are going to try and follow,
But what you're going to have is increasingly people, instead of just buying a cheap Kia or something like that, they'll buy a Cyrocap.
Well, duh.
Who wouldn't want to be driven around?
I mean, gaining all that extra time and everything else or just being able to just take a ride.
You don't even have to own one. Well, now I think you're going to see that congestion start to drop
and like everything else, it's going to be an exponential curve. It'll start slow and it'll,
you know, Peter, you know, start very, very slow and then it'll begin to go faster and faster as
the flywheel turns and more of these vehicles are adopted. But what that's going to effectively do, it's going to completely change the game on how cities are even ordered, is that
you will no longer have this question of building development or building cities or how you expand
cities based on infrastructure restrictions. I mean, here in Austin, like I said, I don't live
in Austin. I did live in Austin at one point. But in Austin, literally, if you've never been to Austin, Interstate 35 has an upper floor and a lower floor. Like it's literally a two-decker highway. It's just so bizarre because Austin's infrastructure sucks. And they couldn't figure out how to expand it horizontally. You've got like the University of Texas and stuff. So they just freaking built a highway on top of a highway, you know, which in Texas is pretty rare, but it does happen. I think you're going to see a
revolution in how cities actually are ordered. And so people will be able to live in completely
different ways than they live now. And for example, if you're somebody who, you know,
because of the congestion, you weren't able to maybe access
certain opportunities, assuming that you can't do something remotely. This obviously connects you
to that because you don't have to worry about the difficulty of driving yourself. But I think that
the ordering of how vehicles move is probably one of the biggest revolutions nobody's talking about.
And that is really going to change the world, guys. Literally hundreds of billions of dollars a year internationally, if not more than that,
in just road infrastructure. And it's going to slowly start to change. And I mean, it's just
awesome. Because when you develop something great, awesome stuff happens. The unintended
consequences are awesome. Unintended consequences of awesome are more awesome. So sorry to ramble,
but I just, that's, I'm so pumped about that, having worked in that space.
Great stuff there.
No, definitely something to be excited about for sure.
And things to put into consideration.
I don't know if you see Doug on the stage,
but I was going to pass to him, but I don't see him anymore.
Is he up here?
If so, Doug, you, then I can pass it to Trev next.
All right.
He may have had to drop.
I brought him up a little bit ago.
I thought he was on stage, but yeah, that's great.
Hey, I thought I'd share with you real quick, Taj,
and just absolutely great to see so many friends and colleagues here in the room.
Boom, just like that, Taj, you've got a full speaker panel,
and we'll just help you rotate through and get all these different points of views
and answer some questions. You got a lot of people on the panel here with a lot of Tesla
experience, so feel free to come up and ask them some questions. As for me, Taj, today, if you can tell, I'm outside. I am on location at what may be the smallest Tesla service center that you've ever seen.
I'm in Gypsum, Colorado.
Yeah, that's Gypsum as in where they process sheetrock to make sheetrock for a lot of the
Western United States, Gypsum, Colorado.
But here, the smallest Tesla store,
I don't know if it's the smallest in the States,
but it's the smallest in Colorado.
And what I'm seeing here, I'm talking to the retail staff
and they are selling Model Ys like crazy specifically.
And they've also really pumped up stock
in their inventory numbers on Model S and Model X. As we know, those vehicles
are being sunset by Cessla, the beloved Halo vehicles. And so on the lot here, there's vehicles
that are under $39,000 and there's vehicles that are over $120,000. So that really does represent quite the financial spread. But when I ask them
what's selling out here, they say Model S, Model X, Model Y is number one. And the standard models,
they feel like they're doing very well with. So I'm out here and we'll be checking in with
service and sales again. I appreciate the time. And like you said, let's check in at Overly Optimistic, our buddy named Trev.
Oh, thanks for that, Landon.
That was beautifully said.
And, you know, it's funny.
I actually passed a friend from high school yesterday.
And they had the exact same cars I do, a 2026 Model Y.
And they were driving. And we pulled up to a stoplight. And I rolled down my window. And I do, a 2026 Model Y, and they were driving.
And we pulled up to a stoplight and I rolled down my window and I said,
why are you driving? And they said, what do you mean?
And I was just like, oh my God, like they brought a brand new Tesla.
And I was like, you know, I was like, use FSD.
And they're like, huh? And then the light turned green.
And I put both of my hands out of the window and I turned around and I said, use FSD.
So hopefully they got that message.
But, you know, it's really interesting all of the, you know, with Jensen and NVIDIA and others, I'm kind of on the same page as Omar.
While it's nice that other companies and other players are getting into autonomy because ultimately that will make a safer world for all of us, right?
It is, you know, I do agree with him that, you know,
that's just a concept until you actually put it into reality, right?
And I know that Landon probably has probably more knowledge on this than me.
So I'd like to get his thoughts.
But I mean, when you talk about implementing this kind of technology into a car,
especially ones that, you know, you have to collaborate with,
like, for example, Mercedes, BYD, you know, Ford, GM,
whoever it is is going to have to collaborate with NVIDIA.
You're going to have to put the sensors in the right places, the cameras in the right places. You're going to have to collaborate with NVIDIA. You're going to have to put the sensors in the right places,
the cameras in the right places.
You're going to have to validate.
It's going to take years to put those into the vehicle,
validate them.
And even then, you really need the real world data, right?
So until they ship a product that can do what my car can do,
it's just, you's just a concept.
I wish them the best of luck.
But when I really look at companies that I like to invest in, and for investing advice,
I always look to you guys, Wolf, and I look at people like Stock Talk and others.
I'm not an expert in that field by any means.
But for me personally, when I look at investing in a company, especially a tech company like Tesla,
I kind of look at a little bit of their past experience, what they said they were going to do and what they did.
And also their future plans, what they plan to do, and where they are in that timeline, right? And, you know, it took a
lot longer than maybe Tesla had wanted, but they have a robo-taxi network. They have a working app.
They have a working network now in Austin and the Bay Area. They're giving paid, unsupervised
rides using Pure Vision, which people said that was impossible.
And, you know, and then we look into the future of what they want to do.
You know, we're talking, we're seeing email or we're seeing Elon, you know, with SpaceX
working with Tesla to create digital optimists, you know.
So, so basically they're, basically you can, you can kind of foreshadow this future already.
You're seeing Tesla and SpaceX collaborate to make humanoid robots,
which will handle the physical demand for labor.
And then you're seeing the digital optimist, the work of, you know,
basically XII, Tesla, SpaceX to make the digital optimist software kind of side
to handle the intricacies of an entire business, right?
So you can kind of foreshadow
where this is going in the future,
where an entire company can be run off AI and robotics, right?
And it's going to take some time to get there,
but this is how far ahead he thinks, right? And it's going to take some time to get there, but you can, this is how far ahead he thinks, right? He's thinking 10 plus years, 15 years in the future. And I don't think a lot of
other, you know, quote unquote car manufacturers are thinking about where Tesla is already planning
on going right now, right? I mean, they're investing, I think Omar made a point earlier,
right now, right? I mean, they're investing, I think Omar made a point earlier, they're investing
over $20 billion in AI compute. And we see, you know, there's so many avenues that Tesla is in
right now. I mean, they're producing a Tesla semi truck that also people said was impossible,
right? It'd take them a little longer to do it, but they did it, right? And companies like Pepsi
Co, Frito-Lay, they love these things.
The results are actually amazing
that they're getting from these Tesla semis.
They're gonna start building out infrastructure for that.
Obviously the CyberCab comes out in April this year,
not April next year, April this year.
In less than a month, we can see these going around in Texas, especially Austin,
unsupervised, right? So that's super exciting. Optimus V3 reveal or Gen 3 is supposed to be
sometime around April. So that's extremely exciting as well. He says it's going to look like
a human and be able to do human tasks, which Optimus version 2.5 is already very capable, but I'm going to
love to see the enhancements that they've made on that end. And then you have obviously, you know,
the unicorn, the Roadster, right? Which, you know, I'm super excited about the Roadster
because I do agree again with Omar that it will be the last mainly driven car,
really, that Tesla produces from a new product, right?
I don't think Tesla, you know, with the unbox process with the CyberCab,
I don't think they're going to be adding, you know, steering wheelers,
the driving controls, and any new vehicle,
any new vehicle-like kind of platform that they're going forward with, right?
So I think the CyberCab is the first vehicle that Tesla is vehicle like kind of platform that they're going forward with right so i think
the cybercab is the first the first vehicle that tesla is going to kind of use to say hey autonomy
is here we should adopt it and um yeah i'm just super excited so thanks for having me on the space
no great stuff there definitely exciting times uh penny i want to check in with you uh before i go
to uh jess again um it's been a while a lot was said i don't know if you have any thoughts as to
all that was said or just anything that you'd like to add then uh get the reaction there from jess
everyone is sort of hitting the nail on the head today i'm super excited about a lot of things the
main things this week i think that are like maybe new and super exciting are that the TerraFab is getting started. I'm
really excited about all the news coming out from a chip production point of view. You know,
we're seeing some robo taxis in Las Vegas now, so they're expanding the network. That to me is
like something that we all need to keep our eyes on and, you know, signs of the future. And who isn't excited about the
new Roadster? I mean, a car that has rockets on it. That sounds pretty sweet to me. And
like they said, this is in all likelihood, the last manually driven car that Tesla creates.
And I, you know, I don't know when people hear that,
if it actually registers with them. Like here is a car company that is leading the world in
technology. And we're telling you right now that this is the last one that they create with the
steering wheel. So if you have a kid who is, let's say, five years from driving, let's say you have an 11-year-old,
they will probably never live in a world when they're of driving age and Tesla is creating
new cars with steering wheels. That's wild. That's if your child is already 11 years old,
right? I have a 16-year-old. I have a 14-year-old. My 14-year-old may never drive.
I have a 14-year-old.
My 14-year-old may never drive.
That's just absolutely insane to me.
My car is still putting 98, 99% of my miles on FSD.
That's just another thing that I think when I say it and you hear it,
like, do you actually really think about it?
Like, only 1% of the miles that I'm driving,
I'm touching the steering wheel and pedals.
The other 99, 98% of the car is doing itself.
It's a thing of dreams, right?
But it's not a dream.
It's real.
It's what's actually happening right now in my car,
not some secret car in a lab.
Like this is the car I own.
My girlfriend's car does the same thing.
And many people in this room also have cars
that are putting out 98 of their miles just
automatically driven it uh you know i'm not even nervous behind the wheel anymore if i'm not looking
i remember the first time i turned on fsd i was so afraid like i was near the center divider on
the highway going fast and it was dark and i just didn't trust it to watch and not slam into it for
me but now it's i have so much experience with it.
It has done nothing but unbelievably.
And I'm just ready for it to roll out completely.
I'm ready for these last few edge cases to get ironed out.
And for not just cybercabs, but all of us that own Teslas to be able to take a nap while we go on a drive to visit our know, visit our family with a lot less hassle, with a
lot less money. You know, Omar hit on the affordability aspect of it earlier too. And I
don't think that like that really should hit home with people how expensive cars are and how many
people can't do what they want to do or need to do because they simply can't afford the transportation.
they want to do or need to do because they simply can't afford the transportation.
And these self-driving cars are going to really lower the bar in terms of who or what resources
you need in order to be able to travel.
I think that that's also super exciting.
So as an investor, that's fun.
But really, what's so exciting about this to me is just being someone who's alive as
we're going through this transition and participating and being early access.
I remember when I first bought my first Tesla a couple of years ago, the idea was like, I know FSD is not ready, but I want to try it before it's ready.
I want to watch it get better.
I want to see it go from the early stages to driving me around while I'm sleeping.
And I've been witness to that now.
Like we're at that stage now where it really is just like leaps and bounds better than it was. So I think these last couple steps, it's a unique privilege to witness and participate as well.
And I hope everyone else is enjoying it as much as me.
Penny, you always tell it just like, right. It is just from the ground level. I love
your experience and your girlfriend just got a Tesla in the last six months or so, right? Is she
using the FSD? Is it about the same experience for her? Oh, she's already forgot how to park Landon. Not that she was like excellent at it
before, but she never ever parks in her own spots anymore. I don't know if she's at 98%,
but she is using FSD a lot and she wouldn't get it. When we met, she told me that she wouldn't
get a Tesla. She was driving a BMW at the time. She didn't like EVs. And now she's already told me
she's not going to get another brand
for the rest of her life.
She's all Tesla, all out from here going on.
So, you know, it just goes to show
you get in the cars and you experience
and then it doesn't matter what the media told you.
It didn't matter what your previous opinions
about EVs are.
You see what's real.
You see that Tesla is real, that FSD is real.
And these really are the best cars,
the safest cars on the road.
I mean, this is a space I think we've made it through
to this point without mentioning
that not only are they doing all these great things,
but you get in these cars
and your family cannot be safer.
That is the safest way to travel
is with FSD in a Tesla.
And I'm just so happy that I get to enjoy it. All of
the futuristic things that I'm talking about, but also I can feel really good that when my kids get
in the backseat, you know, the safest ride that I can give them. Awesome stuff there. And man,
we are having a vibrant conversation this time. I see hands up from Jess, Smokey.
Also want to get Doug, Dallas Tesla crew back in and pass it back to Omar too as well.
So we're going to move it around.
But I'm going to see just in the order in which I saw it.
And I saw Jess first.
Then we go to Smokey.
Then we go to Doug and then Dallas Tesla call.
Thanks to all the speakers.
We will be rotating some people.
If you do go back down to the audience, feel free to request again at the end of the show or any time, and we'll bring you back up.
Thanks for your understanding there.
Yeah, and I'm happy to rotate after this.
I mean, I just wanted to make the point, like Penny led right into it.
I always love what Penny says too.
But Tesla has a safety moat that nobody else is going to touch.
safety moat that nobody else is going to touch. In the investor call, I think in January of 25,
it was like 3 billion plus FSD miles, which of course now is way more. That is real training
data that nobody's going to touch for years. They can develop the world's best algorithm.
They can try to use LIDAR and combine it with all this stuff. And
I think what NVIDIA is doing is cool, but none of it's going to really add up to a hill of beans
until they have real world training data. And these corporations like Hyundai, you know,
like I have a Korean client. Korea is like the most conservative business culture in the world.
Okay. Like more than Japan, even like these companies are very
conservative. They're going to be really hesitant to put a product on the road without real world
training data. Or how are they going to get that without having what Tesla has? It's kind of a
chicken and egg problem. I mean, yes, they'll get there eventually, but it's going to take years.
Elon was right. It's going to take years. And so that moat that Tesla has is a huge leap.
And by the way, I think by the time they develop an equivalent product to the CyberCab,
we're going to be talking about like two or three generations of development in Tesla world that, as Penny correctly notes,
probably this is the last time you've got a, you know, a user controlled vehicle, which is awesome.
We'll have a fleet of vehicles on the road.
My kids, my oldest kid is 15 and my youngest is two.
My two year old daughter will grow up in a world where accidents are an artifact of the past.
Like we'll be telling those stories like as anecdotes.
Like remember when there were like a lot of people getting killed every single year? an artifact of the past. Like we'll be telling those stories like as anecdotes.
Like remember when there were like a lot of people getting killed
every single year?
That's not going to happen anymore, guys.
So Tesla has such a lead and a moat
that it would be foolish
to assume that these companies
can catch up.
I don't think they can catch up
and it'll be years before
there's anything like
a competitive market.
Honestly, by then,
we'd probably just be on Mars.
We talk about CyberCab on Mars
by the time they'd figure it out.
Great points there for
sure. Definitely interesting times
nonetheless, and stuff that
we used to see in science fiction movies.
But Smokey.
Hey, so Penny brought up a great point about this
TerraFab. People can't probably wrap
their head around what this is going to enable.
You've got to think, he's been talking data centers in space.
We're talking about a tsunami of AI about to touch the world with optimists, now digital
optimists on top of cyber cabs and transportation as a service.
The entire ecosphere of what we know as tech is about to turn around when this Terrafab
comes online because the amount of chips that we'll be able to put into the actual economy are going to be ridiculous.
I just want to throw that out there.
That's probably the biggest news, real talk.
And I'm bullish on those whim chimes.
That sounds very relaxing.
I really appreciate that, too.
Just adds a nice little touch to the space.
Really appreciate that, my friend. I got to bring this in into the space, my friend.
Yeah, absolutely. Doug, finally getting you back up here. Pass it over to you, my friend.
Yeah. Thanks for hosting. Sorry, I was having some connection issues.
I'll just piggyback off of what Smokey was saying, which I think the biggest challenge we have ahead of us is just the speed at which the world can change in accordance to everything that Tesla and AI is doing nowadays.
some AV regulations that are loosening up is very encouraging to me because I think that the only
thing that's going to be holding CyberCab and RoboTaxi back by the end of this year is going
to be things like regulations. It's going to be how quickly the world can react to technology
changing. It's fun to follow Tesla and all of Elon's companies because they are moving so fast.
But a lot of the world is slow to catch on. And my biggest kind of concern nowadays is how quickly
they're going to be able to adapt, whether it's regulations or just average adoption.
whether it's regulations or just average adoption. But at this point, the ball is really rolling.
And 2026 is just, it's looking like it's going to be a year where, I mean, we're going to see a lot
out of Tesla, but the changes that are going to be happening, especially around RoboTaxi and
CyberCab, I think they're going to be very evident by the end of this year. And so that's just what
I'm really excited for. I'm excited at the prospect that we might be able to own cybercabs
as private fleet owners. We've gotten a hint that that might be possible this year.
There might be a shaved head by the end of the year. We'll see. But that's really exciting for
me because, like it was was said earlier a lot of people
can't afford a new vehicle and are struggling to afford a used one but they can't afford
transportation at the cost at which robo taxi is offering it and as that you know the money talks
and that's going to be something that might get a lot of people on board
with what Tesla's doing nowadays.
So I'm really looking forward to seeing
how all of that kind of advances throughout the year.
Doug, I think we all are.
That's a great topic and a good question.
I'm already seeing people in the Tesla community
move to the extremes and say, okay, now what I'm seeing
with CyberCab, it'll never be offered to customers. It'll be years. Why would they ever do that? And
then we've got others of us on the other side of the extreme saying, oh yeah, Tesla is going to
want us to help build out the fleet and move into smaller populations areas.
So whatever you believe right now, it's not up to us.
We're all watching, waiting, and wondering how many cybercabs to buy.
Doug, that's awesome. I'm always glad you're here.
And Doug, you've got to tell me if there's any plan for us
to get back up in the top five of Omar's FSDDB.com database.
We got to do something.
But man, these heavy hitters are just crushing us now.
I think there's somebody that's got like 40,000 miles.
What is going on there?
What?
Okay, we need to consume this.
I'm looking forward to a nice long off-road trip this weekend that is going to absolutely crush my percentage.
So I have no hope, and instead I am just going to enjoy my time on the off-road trails.
I'll add about 1,200 miles of FSD on my way there and back, but my percentage is probably never going to recover.
It's a good cause, bro.
Really, really nice.
And nothing wrong there.
You know, have some fun.
But Dallas Tesla Club, I will pass it to you.
And then I'd love to also, it's been a while since we heard from Omar, pass it back to
you if there's anything you'd like to add on to this and see who we can cycle through
as well, too.
So I will pass the mic to you, Dallas.
Awesome. I'll be really quick. Hey, again, Landon, Omar, Wolf, Penny, all you guys,
thank you so much for putting the space on. What a great format this is and it complements the
regular Tesla space as you're on X super, super well. So I know you guys put a lot of work into
this. I really appreciate it. Yeah. I mean, guys, look, to me, it comes down to AI and CapEx spend.
Like show me, you know, and I almost wind back a little bit and think, during the gold rush, who do you want to be?
Do you want to be the guy paying for gold in the street or do you want to be the guy selling the gold pans?
You want to be the company selling the gold pans, right?
So that's what I tell people who say that they'll never sell RoboTaxi to customers.
I think that's, I think it's a horrible take.
I think, why wouldn't they sell these things if they work and they're incredible vehicles? Get them in the hands to customers. I think it's a horrible take. I think, why wouldn't they sell these
things if they work and they're incredible vehicles? Get them in the hands of customers.
And as an investor of Tesla, I think that's a great position to be in. Man, I look at CapEx
spend of $20 billion up from, I think, $8 billion last year. That's extremely bullish, right?
You look at that and we're at a time now, we finally hit this inflection point. I saw a JP Morgan article this week. The spend, dollar for dollar
spend in the United States on AI data centers has eclipsed that spend of office space. So
welcome to the singularity. Who thought? It's almost surprising, right? I almost thought this
was something we hit last year, but we have officially and probably forever
have passed up the spend on any and all office space
of any class.
So A through C all the way down.
So we are now spending more money on AI compute build out,
which is, okay.
So then you look at the automotive sector.
What a massive industry, right?
Landon, you know it as well as anyone.
Show me another company spending a large
portion of a $20 billion CapEx for the year on AI build-out. There isn't one. There just isn't.
There's going to be a lot of people catching on to this, like the Rivians of the world and going
to AWS and other hyperscalers. But man, no one else is bringing this thing in-house to the scale
that Tesla is. So that only speaks to the amazing vertical integration
that they have.
And I think their head is well ahead of everyone else
in this landscape.
So I think catching up to Tesla will be a challenge.
I agree with you overly on that point.
The one thing that's exciting to me, selfishly,
I see things about Vegas and Dallas,
which is a great city to live in,
that RoboTaxi seems to be on the cusp of coming out
and kind of getting in that phase where they're starting to see the vehicles with the rear
washer sprayers, which apparently is like a sign that those vehicles are the ones that you want to
see out testing for Robotaxi. I think we've been in a little bit of a stagnant point with Robotaxi,
the ones who watch it really closely.
And it's been a little while.
So to me, that's bullish to see things like that coming about.
I'm ready for some new cities to be put on the map.
So Waymo's here in Dallas and they're doing really well.
People love it.
It's accepted.
When you get to a bar, everyone wants to ask you, how was that?
Was it so cool?
That needs to be Tesla too. So I'm super excited to see them doing the final
stages of testing here in Dallas. The only other thing that's on my mind is charging. Man,
those guys are killing it on these charger build outs. So to see them kind of sunsetting the V3
and switching over to this new V4 structure, this is where we need to be. It opens up the doors to really, really simple
charging that is incredibly efficient and incredibly reliable. Yesterday, there was a
great space where everyone was talking about all the details, and I had no idea of the amount of
engineering that had gone into these cabinets and the cables for cooling and how much of a
phantom leap forward the V4 cabinet and charging stalls are. So to me, that's all incredible.
If we're going to build out this massive fleet of vehicles, we need equally as incredible
charging infrastructure out there to support it. So I think Tesla's got their head on the right,
you know, place here and they're looking at this from the right lens. So all of those things are
what's exciting me with Tesla right now. And yeah, I think a lot of it aligns with what you
guys have already said.
So thanks for having me up, Wolf. Awesome. Really appreciate you being here. And great stuff there.
I love the enthusiasm. Omar, I'll pass it back to you. Also, I just did a quick refresh. I see that JC's on the stage. Did not see you earlier, my friend. So after we check in with Omar,
I'll pass it to you. And I also see a hand up from Trev, so I'll go to you afterwards.
But, yeah, anything you'd like to add either to the comments that were just said or anything other news that you'd like to add, Omar, I'll just pass it back to you just to hear some quick thoughts before we go to others.
And, by the way, highly recommend that you follow him and everybody else that's on the stage always doing some amazing things.
The space is only one hour.
It is a recorded space.
But 24-7, they're in the trenches.
Really highly recommend that you follow every single one of them.
Really appreciate you all.
Yeah, I think all the other speakers did a pretty great job covering it.
But there is one news story kind of happening in the background that I think is really going to be the biggest of all.
kind of happening in the background that I think is really going to be the biggest of all,
which is it looks like when you kind of read between the lines of what Elon Musk is saying,
that he wants to roll all his companies together to create the largest AI company in the world and
really probably one of the most valuable companies on the stock market.
So SpaceX, they just celebrated their birthday on March 14th. I think very soon in the next couple
of weeks, we're going to see an initial S1 filing for SpaceX. So this is going to be an absolute
monster IPO. He's already rolled up X Twitter, this app we're using, into XAI.
And XAI has been rolled up into SpaceX.
They're going to IPO and raise
maybe as much as $50 billion, it's been rumored.
This is going to be one of the biggest IPOs in history.
It's going to infuse them with a ton of capital
for some of his crazy ideas like
space-based data centers and chip fabs and digital optimists. And while this hasn't been
said explicitly, you can start to get the sense, you know, they're talking about collaborations
between Tesla and XAI. They're working on projects together,
like MacroHard and Digital Optimus.
I think it's really obvious to me,
it's not a sure thing, it has to be put up to a vote of shareholders.
But it's pretty clear to me that they're going to propose
to Tesla shareholders to merge in with this combined company.
And you're then going to have SpaceX rockets,
SpaceX's Starlink Communications Network,
Tesla's chip design team, Tesla's vehicles,
Tesla's robots, and XAI's large LLM models
all under the same roof.
I think this combined company will very quickly
surpass Apple in market cap,
which is kind of nuts to think about, surpassing Apple.
And I think within a few years, they have a shot at surpassing NVIDIA
and becoming the largest company on the market,
especially when you look at things like the chip fabrication space
that they're getting into.
I mean,
even NVIDIA doesn't fabricate their own chips. They design them. So yeah, this is going to be something that a lot of people are talking about that generates a lot of buzz. You can kind of
read between the lines and see what's coming. And I think Tesla right now is the only way to access that equity
on public markets. You can try and get in on SpaceX and the IPO,
but usually only the rich and well-connected
are actually able to get in pre-IPO. Retail investors like us
are left scrambling for shares on the open market, which
knowing how these big
IPOs go, they shoot up way over what their fair value is with everyone demanding shares.
Then the shares kind of settle over time, they consolidate to a lower price, and
then they kind of start to go up again over time. You don't necessarily want to be, I think, participating in that process,
trying to find out what a fair price is.
Tesla, I think, is undervalued
as a way to get equity in this combined company.
Tesla actually already has
a $2 billion investment in SpaceX.
I think with the SpaceX IPO,
they're going to be probably
making billions of dollars on that stake. And I think with the SpaceX IPO, they're going to be probably making billions of dollars
on that stake. And I think it sets up the stage for an eventual merger of all these companies.
So all of Elon Musk's companies rolled up into one multi-trillion dollar valuation.
It might be the biggest story in tech of the year. And Tesla equity, which right now is trading under $400,
I think is overlooked as a way to get access to that.
Yeah, really interesting things there for sure.
And they're talking about valuations of SpaceX
pushing $2 trillion by the time this thing finally hits the market.
So we're talking crazy big numbers here.
But, JC, I will pass it to you.
It is great to have you on the stage.
And my apologies.
I did not see you earlier.
Oh, no worries, Vince.
And it's nice to meet you.
I think I've been in some spaces with you before, Taj.
So very nice.
I think this is the first time we've spoken together. So nice
to meet you. Running a great space, enjoying coming in, listening to everybody. A lot of
great topics. I just come in, but I agree wholeheartedly with Omar on a couple of things.
I agree with everybody on here, but there are two things
that really kind of are pinpointed for me is, yeah, the SpaceX IPO and the ultimate combining
of all of Elon's companies into one, that's going to be the biggest story over the next coming years.
You know, I will tell you, and I do not have any specific info
on that. I do have a little bit, but not specific. I wouldn't be surprised if SpaceX has already
filed the IPO S1. I would not be surprised at all. They've already filed the S1. It's just
in a confidential status. I also wouldn't be surprised if all other divisions
of the SEC seconded people to the division of Corp Finn to get going on this review because
it is such a strategic importance to the U.S. None of that would surprise me at all. I'm telling you,
this thing is going to be one of the biggest things. It already is, but once it gets made public to us, man, this is just going to take over all of the airwaves and ultimately be, like you said, Taj, I think this is going to go probably up to the past past two trillion, and then ultimately, you know, move us on to the next path, which is,
you know, combining Tesla and other Elon companies. I think it's got to happen, right?
That if we're going to do everything that we want to do, this merger just has to take place for a
lot of reasons. Omar's already spoken about it, so I
won't go into that, but I am fully on board with that and agree with Omar. That is the number one,
1A, 1B of all of everything. Now, short-term, near-term, mid-term, Omar made another great
point about affordability for people to buy cars.
You know, I was kind of shocked.
I saw Omar's post last night about the average income of folks that are getting cars today.
And it just, it blew me away.
I mean, on one hand, I see it, Taj, just to give you some background, I'm an Uber driver
in Houston.
And so obviously, anecdotally, I see day to day the people that are using Rideshare,
right?
And I do it all over Houston.
I'm not one of those guys that tries to sit at the airport or sit in one neighborhood.
I go all over the city.
So I actually get a chance to see who actually is using rideshare.
And Omar's number, it's like, it shocked me, but then it completely lined up with what I'm seeing.
You know, it made me think the other day, you know, we've gone through these periods in our,
in the last 15 years where gas prices will spike and we're like, here we go. We're going to adopt EVs. Here
come the Tesla. And what really happens is no, high gas prices don't make people adopt EVs.
High gas prices make people lose their car and move into a trailer park. That's all they do.
They don't make people buy Teslas, right? And so the way this is going to happen is robo-taxi.
It's got to be robo-taxi. It's got like, if you're
going to get that first tranche, and I think we all agree that eventually, ultimately, this is
going to be about transportation in total as a service. But that first tranche is current day
ride share. Like the folks that use Uber and Lyft on a daily basis,
some of them two, three times a day,
those folks can't afford a vehicle.
And so if we're going to start, you know,
that March on the first tranche, you know,
to get through current day ride share,
which, oh, by the way, is only 1% of all miles traveled in this country,
right? We do 4 million manual miles annually in this country. It's only about 1% to 2% of that
is even rideshare. So that's just that we're just talking about this first tranche, but you got to
get through that first tranche first. And those people on the whole are ones that either don't
have cars, they can't afford them, or they can't get them because of various reasons,
or they have a car that they're keeping together with bubble gum and baling wire. And so they're
having to use, you know, their car works for a month and then they use Uber for a month or two while they save up money to fix their engine
or transmission. That's America today. And so when I saw Omar's post, it shocked me,
but it was entirely consistent with what I'm seeing. And robo-taxi, if we want to have EVs
start chewing up more of the miles,la start chewing up more of these four trillion
manual miles it's not going to be through high gas prices i'm sorry that eight dollars is not
going to put somebody in a tesla it's going to put them at the rosy dale trailer park in porter
texas right that's not helping that's right robo taxi is the way to ask you that about uh specifically
about your ride share because you're the one that's doing the road the robo taxi business
right now you're in a tesla you're using fsd and you're taking care of people that need to get to
work i didn't mean to chop off your sentence there too much i I wanted to check in with Taj because we are at the hour. We did bring up Wynn.
He's a social friend of ours.
I don't know if Wynn knows where he is, JC,
but it's going to be up to Wolf.
No, I'm fully aware of where I am
and I want to thank Wolf.
I want to thank Wolf because he knows me.
Wolf would bring me up many, many years ago
into these stock spaces
and I would obviously lose my mind for five minutes.
We'd all have a good laugh and it was fun.
I'm so glad he brought me up.
Hope he remembers that.
I know he does.
But I'm excited to see Tesla at the top here.
And I've met some of these Tesla guys now.
And I get told a lot that Tesla is not just a car company.
And I hear a lot of talk about cars.
And when I think about cars, I think other cars, Ford, Chrysler, they don't hold spaces.
These maniacs are holding
spaces every freaking day, every day, every day of the week. And so I was so excited this week
because Sunday I went to the car wash and I had some Tesla questions, some Tesla questions for
my friends. And I didn't want to just go into a random space because they got these Tesla spaces
I can ask them. So two questions and comments regarding the car wash with a Tesla.
Let's ask Wolf here.
Do we have time, Wolf? Is this
good? Yes. This will be fast.
I'm going to spit this out fast. I'm not asking you.
Wim said we have time.
Yep. So we're good.
So we're good. So we're good.
Number one, I think
it might be actually a joke. That
Colombian Bam Bam is no joke.
Hang on. Hang on. I'm almost there.
Let me land this plane.
There's a lot of shit on this plane.
So having to hold your finger on the screen after you clean it is like a gag, right?
Like there's a trick to not have to do that.
You can hold the brake instead.
Thank the Lord.
Okay, the next one is way worse, though.
And I'm sure there's a fix.
So I enter free roll to start rolling in the car wash.
And then when I come out, the thickness will get against my ass,
pushing me through the car wash, the roller.
So you can end free roll to stop it, obviously.
But that puts you in neutral.
And now I can't get into drive without hitting the brake.
We'll give you all the details.
Car wash mode.
No, but that's the end right there.
You can handle it.
Yeah.
No, you're in neutral.
No, but to get to drive, you got to hit the brake.
I can't hit the brake if the roller's on my ass.
I'm sorry, sir.
Did you think this was customer service?
This is not an 800 number.
It says Tesla, ask the panel.
This is the panel.
You might want to consult the owner's manual on that one.
Oh, sir, sir. You guys are the best. God is the panel. You might want to consult the owner's manual on that one. Oh, sir, sir.
You guys are the best.
God, I love it.
Where's the dead emoji?
Really great stuff there.
But by the way, when most likely it was with Gov and Ryan and I'm helping out.
I'm Taj, by the way, helping out the whole crew.
So they're on stocks, on spaces.
Their life's trading right now and all sorts of different things.
But all day, there's all sorts of different things. So there's a whole crew of us now. But I
really appreciate you coming up. And of course, all the amazing speakers, Omar, Landon, Penny,
Kristen, I will pass it to you. Actually, I just did a little refresh and see that Kristen is still
on stage. My fault. I will pass it to you. Any closing thoughts or anything? Trev, JC, all the
amazing people, Smokey, follow these
people. It's only a one-hour space. We're a little
bit over, but it's all good. We had an amazing
time. We just blew through this. So
follow them. Check out all the amazing things that they're doing.
And of course,
like I said, always happy to have you all here.
This is Tesla Tuesdays. My name is Tad
helping out the whole Wolf crew with
Ryan, Gov. The whole team is
behind the scenes. But Kristen,
just because it has been a minute since I heard you, my friend, I would love to pass it to you.
Some closing thoughts and apologies again. This platform's freezing up the stage on us,
but we had a great time here. Really appreciate you all coming through.
No, I love hearing everything. Thank you. No, it's hard to see the speakers, right? It doesn't
show who's all speaking. Even when some of you're speaking, I cannot figure out who you are because it still
won't even show you. But yeah, super great information. I love to hear about how we're
moving with the V4 for the supercharging network and V3 is officially the last ones have been built.
But I love to see, I don't know if any of you saw out there, Tesla, Austin did the automated future,
which is the words automated future going forward for what's happening. People had a chance to look at the cyber cab. They had a chance to think about
robotaxi. They saw optimus. And that is just the future going forward. Like, what is our
life's going to look like? What are you guys going to do with your time when things are automated and
things are taken care of? Because that is the future. Whether we like it or not, it's going to
be something that you probably want to figure out how you fit into it and make the best of it. And
it's exciting because it's going to be completely different than anything the world is seeing going forward.
So it's exciting to see.
With all the extra time, I'll be spending more time on Spaces and checking out all the amazing content that Omar and crew are putting out.
That's what I'll be doing with my free time.
So hopefully you all are doing the same thing, too.
So as usual, I really appreciate you all.
Landon, any closing words before we shut this down?
And really appreciate everybody coming through
and spending the last hour and seven minutes with us.
It has been fun.
And looks like it.
Have a good one, guys.
