Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
TESLA DEEP DIVE🔋 | $TSLA EARNINGS PREVIEW
Recorded: April 22, 2025 Duration: 1:03:12Space Recording
Short Summary
Tesla's upcoming earnings call is generating significant buzz, with discussions centered around the anticipated launch of full self-driving technology and new vehicle models. Investors are particularly excited about the potential for growth in AI and robotics, as well as innovations in battery production that could further solidify Tesla's market leadership.
Full Transcription
Thank you. Good morning, good afternoon, wherever you are. Welcome to the Tesla Deep Dive. It's
a big day for Tesla and working on getting our panelists and friends up here up top.
Gov, are you around? I know you've been...
Yeah, sorry. I'm at costco i'm at costco checkout
but we're working on it um can you add a tesla earnings preview to the top of the space as well
not sure if my sound's working perfectly there penny how's it going
sounds working perfectly there. Penny, how's it going?
Dude, it is good. Happy Tuesday. Happy earnings day, company report update day,
whatever they're calling it. I'm excited.
Dude, the Tesla accounts are getting spicy on the timeline. I don't know if you guys have seen all
this. They've got Cybertruck out here with some SaaS. They've got the Tesla account replying to
Omar with a little bit of uh you know mysteries
i feel like they're building real personalities
their social media team is fun i like what they do with the cyber truck account how they get after
people and and have a good time and definitely i think i saw today they were talking about who
would buy a cyber or who would buy a truck that can't drive itself.
And I completely agree.
I'm looking forward to tonight's event and what they have to say in terms of update on full self-driving unsupervised.
We're like less than two months from that in Austin now.
and man, what a trip.
And man, what a trip.
Do we have an exact date on that
or is it just June?
As far as I know, it's still just June.
I think I probably would have seen
if they announced an actual date.
But I mean, June is so near now, right?
We are at the end of April.
Even if it's at the end of June,
we're getting awfully close.
I know a lot of people planning to go,
so it's going to be interesting.
I know, you know, traditionally,
the second week of June,
we had the earnings call years ago
and it's flipped around
with the different headquarters changing,
but maybe that would be a good week
to aim for people.
Landon, do you want to run through some of your expectations
for the call later today?
Yeah, I'd love to.
You know, I'm a little bit focused on automotive product
and automotive experience and consumer buying of Tesla. So I thought I'd include my, what I call
my commute. Thanks so much, Wolf. We're really excited to hear from Tesla during the company
update. And I'll leave it to others to talk about, you know, profits and things like that for the
time being, because I am so, so very obviously long, long, long Tesla.
But here's one of the reasons why.
A couple of times a month during the fall and winter seasons,
my son and I love to commute to Denver Bronco NFL football games at Mile High Stadium.
So I've included this commute there in the thread thread above and so for fun we didn't have a
broncos game this weekend we're getting ready for the draft this week but we drove over to denver
i drove over in a hardware three model x plaid luxury and power from 2021. Boy, that thing is a beast. It's really amazing what they've done
with that car. And it's been on, you know, the Model X been on the market since 2016, but
so different a car than in the past. So if you follow along with me in the thread above,
I drove back in my Cyber Beast tri-motor Cybertruck. And so I really had fun enjoying Colorado springtime weather.
Last Wednesday, it was 81 degrees.
And then I drove into this ice storm.
And I did it in Model X Plaid a little bit.
But on the way home, Cybertruck took all of the ice.
And she was coated as we drove through the mountains,
drove by the ice. And she was coated as we drove through the mountains, drove by the deer,
some very interesting, I thought, ice formations and close-ups there. And the point of the story
is not just this weather and the extreme, but this is doing this in an electric truck,
an electric SUV. And this is what we continue to be told that you can't do. And I drove through 16 degree
temperatures, ice storms, blizzards. I used FSD and I loved it. So this is my life with Tesla.
I encourage you to see if it's part of your life, your weather, but there's nothing you can't do
driving a Tesla, a fully electric vehicle with hardware three, hardware four, full self-driving.
I can't wait to see what's next with unsupervised FSD.
But this is my experience in supervised older versions, hardware three, hardware four.
Take a look.
Enjoy my trip with me.
Thanks for having me here i love tesla and i
love driving it in the winter over the continental divide thanks very much wolf
absolutely landon ryan you want to run it around here for a few minutes
yeah absolutely uh just so you know i know you're at costco right now um if you
buy some stock while you're there you're up three percent today bro bro i i was like oh i'll go to
costco on a random tuesday morning there won't be anybody there it's busier than i've ever seen in
my life you gotta buy the stock i don't understand what they're doing i don't know maybe they're
selling teslas here nowadays or something like that. Well, I'll run it around. Penny, we heard briefly from you there. I didn't know if you had
any other things on your mind, anything you're looking forward to this afternoon. I know most
of us will be tuned in very closely to that conference call as Elon speaks.
call as Elon speaks? Well, I don't have any specific expectations. I try not to get,
you know, too caught up on one detail or another and just sort of follow the story.
What I hope to see is an update on those new castings that we've seen at Texas. I believe
that most people probably think that they're cyber cab
castings at this point. If they are cyber cab castings, I think that's a big deal. That means
that they are ready to scale the, you know, fully unsupervised self-driving. I think if they're,
if they're printing those cars now, that's a really good sign for Tesla. It also could be one
of the, the, you know, expected new cheaper models. I think hearing
news about that, what direction are they going? Are they going to strip down the Model 3 and Y
further and offer cheaper versions? Or is there going to be totally new versions of the cars?
That's something interesting. I'm always waiting for Optimus updates, right? I mean, my reason for being so excited about the company
is AI and robotics. And I think while FSD is an absolutely massive opportunity and it will
totally change our roads, it'll totally change the way people look at Tesla as a company.
I'm actually, you know, I have 10 times the expectations of that for Optimus and the way
that it's going to change, you know, our entire economy, the entire world, the way that we
even think about labor, I think is going to change when Optimus reaches, you know, its
full potential.
So every update along the way is super exciting for me.
We haven't got a lot of major Optimus updates,
I don't think, recently. So hopefully we get a little bit of that. Those are the main things
really that I have my eyes on right now, but I want to see what they have to say about their
own internal, I guess, map for the future at Tesla, where are they going? And, you know,
those are always the most exciting things for me.
Do you think we'll possibly hear anything with Elon and the Doge? Do you think he'll comment on
it? I mean, there's been a lot of external pressure, I know, to get some clarity on that
when he'll kind of fully return. I think most people
expect it to be in May. Do you, do you have any thoughts around that? Well, as I understand it
legally as a, um, whatever his title is special employee, uh, uh, of, of the United States or
of the president, something like that. Uh, I believe that the time limit for that expires in may so they would need some other way
uh to justify his work i'm sure that they could find a way around that if they really wanted to
but it seems like the natural transition is only you know roughly a week and some change away that
that's when when may starts at least i I'm not sure at what date of May exactly
it expires. But I think that there are a lot of people in the Tesla community and investors in
some of his other companies that would love to see Focus return to those companies. I personally,
I'm a little bit torn. I love to see the hard work being done on our government that needs to be done as well. But it's tough when you see these giant protests and instead of it just being against Trump or whatever it would normally be, Elon is thrown in there and Tesla is thrown in there. And that's a bummer because we all love Elon and Tesla so much. But, you know, that's up to them.
So I think it's unlikely that he'll talk much about Doge during the Tesla update.
But if it opens up to questions, it's a question that he might get.
So he may have to answer it. And my suspicion based on everything I've heard from him and from Trump himself is that
they're going to continue doing the good work that they are.
But you see a lot of whisperings from less reliable sources that say otherwise.
And who knows?
Who knows? Sometimes those whispers are correct.
Sometimes those whispers are correct.
So it'll be interesting to see.
So it'll be interesting to see.
I think that it would probably be really good for the stock in just like the short term.
I think it would react really well if he said that he was stepping down.
But who knows? I guess we'll see.
All right. I'm going to ask one more question before we go around.
What's the one wish list item you
have for today's conference call or report uh i want them to sell me an optimist now i know that's
not happening this year i i would love to find out that those are robo taxi rear castings and that they are really gung-ho, full speed ahead
with rolling out unsupervised autonomous rides
across, you know, first Austin
and then the rest of the United States.
I think that, you know, that's such a huge game changer.
I noticed the past few times
that I went through some bigger cities
that there's a lot more, you lot more Waymos and other driverless
cabs driving around now. They're starting to become more normal, but that's only in very
specific locations, only on specific routes and specific cities. I think once Tesla opens that up
to like, you can just get a driverless ride from anywhere to anywhere uh it changes
really life for so many people right there's going to be uh all sorts of disabled or elderly
people who don't have driver's licenses and have a difficult time getting around and i mean just
imagine that if they if they could get cheaper rides, more reliable rides, safer rides.
I think that all of that is super exciting.
I think it changes the stock.
It changes the company.
So I think if we find out that they are building no steering wheel cars at a high rate right now, that's fantastic news.
And probably amongst the more realistic game changers that we could hear today.
Yeah, well said, Penny.
I know my grandfather, 91 years old, still drives, still works at the office back home
at our family business, still drives.
I would love, absolutely love to be able to get him something like this, an autonomous
driving car to make it easier on him.
And then, hey, if I can get an
Optimus robot to take care of his groceries, to help him out in everyday life, I think that would
be fantastic. I mean, he's still capable in many ways, but obviously at that age, you know, all the
help we could get would be beautiful. So I love that idea. I love how you laid that out, Penny.
Kristen, I want to go over to you next and see what's on your mind as we're coming into this big day for Tesla. I think we're all looking forward to this Tesla earnings call
and whatever this update information is. And I think everybody's excited about CyberCab coming
out unsupervised in June. I think all of us want to go see it. But I'm curious just to know what
the community's thinking is going to be updated or is going to be announced.
And I wonder if it's going to be something with Optimus, if he's going to be given a voice or something like that where we can interact with him.
So I know he's not out for the public to purchase and that they're shipping them and using them inside the factory.
But I'd love to hear more updates on that.
And CyberCow, I think, obviously, this is the future of Tesla going forward.
So we're pretty excited to hear more information on that that so looking forward to that earnings call when it happens today
i'm going to pose the same question to you though what's the wish list item do you have any any
wish list items that you uh maybe want to see or or at least hear more about from uh from the
tesla group today i think i'd have to concur with penny i really want to hear more about from the Tesla group today? I think I'd have to concur with Penny.
I really want to hear more locations
that we're going to have the cyber cab unsupervised.
I think everybody wants it to ship faster
out to different cities and move forward.
I'm assuming it's going to go forward pretty quick, let's hope.
And it's Optimus.
I really want to hear something like
maybe he gets a voice or something today.
I don't know. I'm excited to hear. And there is a lot going on with Elon in DC. So it's going to
be interesting to hear what's happening. I think Omid's done a pretty good job filling in some
shoes right now, but I think everybody loves just the visions of the master plans that Elon's been
laying down for the company that it continues to execute. So yeah, Optimus and the voice and CyberCab.
Absolutely.
I would absolutely, I mean, an update on the rollout, right?
We have in Austin in June, but also if they start saying,
hey, we're going to plan the next rollout.
If they start mentioning that,
I think that's going to be super exciting to hear about as well.
Ryan, we have you up here on stage.
What's on your mind today?
What are you watching? And what are you looking for as we get this big earnings report?
Yeah, thanks for having me on. I haven't been seeing as much news about Tesla and Elon protests.
So that's been nice. I live in the greater Phoenix, Arizona area, and I had only heard of one protest happening in Tempe about three weeks ago, maybe four weeks ago.
Other than that, I haven't experienced anything firsthand, like no damage to my car, no crazies around me.
Um, so I guess it's just been nice to see on social media that it just feels like there's
been fewer of those protests as time has progressed.
So, um, it's good that people are seeing that there are repercussions for the bad things
that they're doing, like vandalizing vehicles.
Um, it's also good that I think, I think more people are realizing that Teslas can record their activity. So,
you know, that's a good deterrent. And I'm personally super supportive of the work that
Elon's doing at Doge. And I think he's been able to demonstrate he can allocate his time well at
Tesla, even though he's already spending so much time
at SpaceX and his other companies like Neuralink and NX and XAI.
So adding one more incremental thing to his plate, at least in the past, he's demonstrated
he can do that.
So I mean, I've been fully convinced that he's able to do that now.
Of course, he acts as an accelerant, though.
So if he's spending more time at Tesla, then the progress is faster.
And I think that's part of the reason that we've seen fewer FSD updates.
So hopefully he'll continue to split his time, but allocate a greater percentage of his time to
Tesla, especially as they continue to make progress on Optimus,
which like Penny brought up a great point about Optimus.
And I think I've been trying to think of a good way to explain this to like my family and friends. And I think one way to think about this is that Tesla vehicles are robots.
is that Tesla vehicles are robots.
And FSD simply provides one unit of labor,
one type of labor,
which is an artificial driver or a chauffeur.
And so that's one job being replaced
with artificial intelligence in the physical world.
Well, if you have an optimist, it can be 10 times the amount of
labor, maybe 100 times the amount of labor, because that's a robot that's replacing
practically any type of physical labor. So, I mean, if you take just a driver versus somebody that can be in a manufacturing setting, working on building any heavy duty item or welder or being an electrician or being a maid or just or something, some labor that's dedicated to any specific task.
Like there's, there's just so many different possibilities.
And those are 10 to a hundred to maybe even more times the amount of labor that a robo
taxi could provide.
So when we think about how, how many, how much usefulness there is and who that helps, you know, we think of what the people that you guys have brought up, which is it helps the disabled and it helps the elderly.
an optimist would help the disabled and the elderly in many different contexts, in many
different settings, in many different environments. And not only those disabled and elderly, but it
will help, you know, the able-bodied people as well. So like I spend a ton of time looking at
Neuralink and seeing how much Nolan's life, the first person with a Neuralink implant and Alex and Brad's life, the second and third participants, those three people have had tremendous, um, like the, it, it doesn't only help them
in a very practical way, but it also helps with their mind.
Like their outlook on life is, is improved because of this hope associated with future
outcomes of the neural link.
So the same is true with optimists.
Like people will see that it's helping them and then they'll be excited
more about the potential of it.
This is particularly true for the disabled and the elderly.
So like, I, I mean, and, and, and mean, and then I think about like Gally Russell, he's one of the well-known
Tesla investor, retail Tesla investors.
And he has the saying that the bigger the opportunity, excuse me, the bigger the problem,
the bigger the opportunity.
And Optimus is solving so many problems, an infinite number of problems, replacing labor in all these different contexts.
So if you have that giant of a problem and you're solving it with this very robust,
versatile solution, then Tesla is going to capitalize that in the form of
FSD type software related revenue that is, like corresponds to an optimist. And all of that revenue the vast majority of that revenue will be profit
and investors or at least it seems that wall street hasn't quite woken up to
how much profitability there's going to be from fsd being deployed to the fleet but once they do
then hopefully they will also recognize that that's going to be the case
with Optimus. But Optimus is way more scalable with way more different types of labor they can
disrupt. So, I mean, I'm super excited about Optimus. I think it's going to be a little bit
more time before it's really hitting the masses, but just a way to think
about it is that Tesla vehicles or robots and FSD replaces one form of labor, but Optimus is
also a robot that replaces practically all types of labor. And we can just have it do whatever we want. Just like with an AI model, if we prompt an LLM right now, we can prompt it to do practically any digital task.
And those tasks are increasing in scope and complexity. And we can, I mean, at least I have started to take it for granted.
Like now, if it produces a picture that's 95% what I want,
then I kind of am like frustrated and annoyed that it's not getting to 99%.
So as Elon's always talked about, like the goalposts continue to move.
Well, in the future, an optimist is going to be able to do that with physical tasks.
So if you wanted to clean, I mean, basically the first iteration of this that the world saw was these clunky vacuum cleaners that tried to vacuum your house.
I've never experienced one that did a good job.
job but an optimist will be able to do that and it'll sense everything in your room understand
all the context and be able to get every nook and cranny that you needed to get
and and it'll continue to get better over time at those physical tasks
and it's not going to get it's not going to get tired you'll be able to just charge it and it's not going to get tired. You'll be able to just charge it.
And the cost of that labor is practically going to go down to zero over time.
And you can have more than one too.
So, I mean, just the potential of this product is really incredible.
Yeah, I guess I'll leave it there.
Thanks for having me.
Great thoughts there, Ryan. And I will say this, just from behind here a lot of times on this
space, and obviously I'm an investor, I'm in the stock market, I'm paying very close attention,
especially Tesla is super interesting to me. So I pay very close attention over here. And one thing that I don't see talked about enough, everyone talks about optimists as
this, oh, it's going to be great for somebody to do my household chores. I'm a 35-year-old person.
I'm 29. I want to get an optimist so that it can fold my laundry for me or mow my lawn or whatever
mudane kind of household chores that
it could do for you. One thing I don't hear enough is kind of what you were just speaking about
there, which is helping the disabled and helping the elderly. I think that that doesn't maybe get
enough attention. I don't know. I like where you're going there, Ryan. And I will say,
if I ask you what your wishlist item is, I would almost have to guess
it'd have to be some type of Optimus update, right?
Yeah.
Yeah.
Like at the beginning, the Optimus is going to work on anything that's boring, repetitive,
and dangerous.
So it's almost all stuff in the factory setting.
It's almost all stuff in the factory setting.
And that's extremely useful.
And that's extremely useful for, that's good for Tesla to like work with that context first, because that's what's most useful for them.
So they can train it and they can kind of work out the bugs as it's increasing its capabilities.
capabilities. And if it's useful for Tesla in their setting, then that, that means that it's
likely going to be useful for any other company that's working with factories, with manufacturing,
which is, you know, pretty much any physical, like any, any company that produces products rather than services and that that addressable market is
gigantic uh so yeah when you when you ask me the wishlist item um i think it's to put put down pen
to paper on final initial designs for optimists like just at least have something that they're
going to say okay we're done there's no there's no more like small design changes that they're going to say, okay, we're done. There's no, there's no more
like small design changes that we're going to make. We're just, this is the version that we're
going to start with production. And of course they're going to continue to make improvements
over time. But I feel like if, if they get to that point where they've completed that initial design,
then that that's a huge milestone. And actually, maybe they've already gotten there,
but I'm hoping that that comes soon.
Also, a bonus one is I want them to share more progress on semi-truck.
This has always been kind of a sleeper product
that it's going to replace so many real-world jobs. So the impact of that is huge. There's so many semi-truck
drivers. I think it's the most common job in the United States, or at least first or second most
common. And it's also a dangerous job. And it can definitely be automated with full self-driving.
So I'm looking forward to them hopefully giving an update on that.
We love to talk about, you know, different practical ways that Optimus can be used, you know, whether it's in a business setting or in your personal, in your house, you know, doing your
chores or whatever. But I think what no one talks about is actually even the impractical things
that you'll be able to use Optimus for. Like, for example, I have a perfectly good couch right now,
but if I had unlimited, you know, more or less free labor labor why wouldn't i have them build me an even more
fantastic couch right like maybe it can look like uh the game of thrones throne but it's my couch
right like maybe i want a new mural on my wall every day when i wake up and it's like my house
is now a museum because optimus is just painting pictures all over my house. You know, I've got the Mona Lisa one day
and some other famous painting another day,
maybe even sculptures, right?
Like it could sculpt amazing things in my house
and just change it up every day.
So I've got something new.
I think that there are so many different possibilities.
Once we unleash robots that can sort of like
just do what you ask them
to do, we'll be shocked what people come up with. It's not just going to be the practical things.
People are going to have like amazing castles that they live in because they're going to,
you know, be hand building these incredible structures that otherwise would have just
been prohibitively expensive for all but you know,
like maybe billionaires. I think once the middle class gets their hands on these things, it'll be
sort of crazy to see what happens with them.
Yeah, 100% Kenny, I love the train of thought going there. One thing that Ryan said that I,
the train of thought going there. One thing that Ryan said that I really like is if we do get an
update around the Tesla Semi, going back to even the RoboTaxi event, you know, back in, what was
that, October 10th? One of the things like just I was going through my bucket list as an investor,
my bucket list kind of items. And the one thing that we still haven't got through that and through
the last earnings reports is there's progress being made.
But what that enterprise value that I think Tesla can tap into, which with Optimus, I think they can get there a little bit as well.
But as far as you have consumer, maybe you have, you know, some business application.
But that enterprise value where you have large companies, you know companies on contracts starting to get into it.
I think with the Tesla Semi, they're really going to check that box as far as me looking at it from an investor standpoint.
I would love to see some more updates around that too, so I definitely agree with Ryan there.
Omar, I see you joined us up here. Great to have you. Welcome to the stage.
I don't know how much you've heard so far, but some great thoughts shared around wishlist items for today as far as what people are wanting to hear.
And then obviously we were talking about some great thoughts on the applications of Optimus as it becomes a real thing, honestly.
Yeah, so two things I want to hear about today.
FSD unsupervised, the robo-taxi service in June,
what's next for FSD,
and the new, more affordable vehicle models.
So any information on that is going to be what I'm listening most for.
The earnings are not going to be so great.
Everybody knows they were ramping the new Model Y in four
factories. I think the market is expecting that to some extent. They could surprise either to the
upside or the downside, but a lot of that's not surprising when you already have the delivery
numbers. People can kind of guess. So why is this a company update today instead of just a regular earnings call?
Maybe they have something to announce for us.
And those are the two things that I'm focused on.
And based on some of the say questions, I think that's what investors are focused on as well.
Omar, Ryan made a point earlier about, and I was asking this question as well, about having Elon coming back and getting back kind of full swing. Do you have any doubts that the
Tesla team will, do you think his return will do anything overall for production or do you think maybe that's
just maybe maybe for more of investor sentiment at this point yeah I can kind
of see both arguments there yeah I mean you know you often hear that people say
this Elon coming back he never went anywhere.
When you see them ramping up new Model Y in four factories at the same time without financials completely collapsing, when you see what they're doing with FSD where people are just experiencing flawless drives,
People are just experiencing flawless drives.
That is execution at a level that Ford and GM and other companies could never dream of.
And, oh, well, you know, he's running all these other companies.
When he started Tesla, he said, I'm not going to be the CEO.
I'm going to focus on SpaceX.
I'll hire this other guy to be the CEO. I'm going to focus on SpaceX. I'll hire this other guy to be the CEO.
And that other guy was so bad
that he almost bankrupted the company.
He lied about the cost of the Roadster.
And Elon had to come in and do it himself.
And since then, he's been running SpaceX,
Tesla, Neuralink,
the boring company, the US government, Tesla, Neuralink, the Boring Company, the U.S. government, Twitter. The list keeps
getting longer and longer. Now, this wouldn't work if the secret to success of Elon's company
was Elon standing over everyone's shoulder and saying, hey, can you make that rocket a little more pointy?
No, his strategy is to hire really brilliant people, set a vision, and let them do their thing.
He's not watching them train the neural networks going, oh, what does this do? He's not watching them ramp the Model Y. He's putting great people
in charge. Now, you know, obviously when you have, I think the federal government and other
things that are, you know, sort of more time sensitive, there probably will be benefit to,
you know, when he's focusing more on Tesla, as opposed to, you know, when he's focusing more on Tesla as opposed to, you know, the
federal government.
But, you know, his companies aren't designed so that they need his micromanagement to continue
to grow.
So, yeah, I don't think that this, you know, the idea that he isn't at Tesla, I think
is a misconception and misunderstanding of how he runs his business empire.
Yeah, I do think there will be like an inherent net positive with Elon returning, I guess, more of his attention.
But that's been kind of my argument as well.
I think, if anything, it's more people are seeing the changeover that you spoke about with the Model Y.
They're seeing the numbers and the cycle of things, and they're looking at at the price they're looking at the backlash of course and they're going well we
need elon back we got to have elon back that's the solution and i just think that's a very
uninformed um point of view i guess would be my term there uh let's go around a little bit
further here ani we haven't heard from you yet on the space i want to bring you into the
conversation what are you looking for happy tesla company update day as Omar so graciously put it there. What's on your mind
today? What are you looking for today? Oh, totally. I'm looking forward to seeing what
comes off of the earnings announcement that they have. And I bought the dip, so I'm super happy today
watching where Tesla is today.
I absolutely despise people who are always like,
oh, Tesla's going to zero or like any stock, right?
They're always like, there's a little dip
and they're like, it's going to zero,
it's never coming back and blah, blah, blah.
I'm like, I'm just sitting there like, okay,
I'm gonna just buy this and wait for it to go back up.
It doesn't matter if it does like today or tomorrow or whatever,
but a super happy investor today.
Yeah, absolutely. It's such a rare thing. I mean, a rare thing, a weird thing.
When I see people just publicly cheering for companies to go to zero,
just absolutely cheering against businesses without really any founding behind it. I mean, I don't understand. I guess if you are a major competitor,
maybe that would make some type of sense. You have some personal motivation if you want your
competitor to fail, but I've never understood cheering for any business, especially an American
business to fail. I just, I don't understand that line of thinking, but great point there. And, and Ani, what's your wishlist item for today? Are you, are you looking for
an optimist update? Are you looking for a robo taxi update or maybe something out of left field
that I haven't thought of? I think Landon last in last, in the last space kind of like hinted at
two new models coming out or something like that. He was talking about it, but I would love to
see any new models. I want to see updates on the RoboTaxi as well and Optimus, obviously. I heard
that they're trying to upgrade Optimus with Grok. Is that real? That may be an Omar or Penny question or Landon question.
But we know that the full self-driving computer that's in operation in our Teslas today is what Optimus is using.
Because Optimus and Tesla can both use the eight cameras to see the world around it and interact with.
So Optimus uses the full self-driving AI, Tesla AI computer,
uses Tesla 4680 batteries, and it's built in-house by Tesla.
The full self-driving computer definitely handles the locomotion for now. They're definitely using
the same chip. It'll be interesting though, because the self-driving doesn't talk, right?
It doesn't have the concept of speech as far as I know. And at some point, I think that it does
make sense to combine the more general brain with the driving brain or the movement brain.
Whether or not that happens soon or further in the future,
I think remains to be seen. It would be quite an announcement if they did add Grok. K10 was
talking about a voice for Optimus. If they added a voice for Optimus, my guess is that it would be
powered by Grok, at least for now So I do think that it makes sense.
Do I expect it?
Do I think that it's quote unquote real right now?
I would say probably on the lower end of likelihood,
but I think as we progress with Optimus,
as it becomes something that you can voice prompt
and tell it, go fold the laundry
or go do my dishes or clean my baseboards.
And it actually understands what you said and can go do it. That's, I think, a different brain
than what powers full self-driving. And, you know, I do think that the XAI will probably be
more well-suited to handle that than the team at Tesla AI. But, you know we'll see it remains to be seen what how how they handle that
exactly yeah it'll be interesting i think elon quote posted some video uh someone posted saying
uh where grok remember when uh they uh showed optimus on the tesla event and um optimus was
dancing somebody used that clip and they were like optimus when Optimus learns that they're using Grok AI to power the robots and interactions and stuff.
So it was absolutely funny.
And it would be super interesting to see if we can actually talk to Optimus that way, especially with how advanced Grok voice mode is.
I can't wait.
Landon, we heard from you at the beginning of the space a little bit i'm definitely interested in checking out that video as you drove through the ice i i that sounds uh something like a good time
maybe probably not even a nervous time it sounds like it did handle it well from your comments
there but i do want to hear um what your wish list item is for this afternoon uh if you've got
anything on your mind that you're
looking for. Thanks. Yeah, I've got to admit that it is, we're whittling down my wish list
just based on new information coming out this week. You know, I'm under the impression that
CyberCab itself, so CyberCab is the new vehicle, no steering wheel, no pedals,
you know, going to be built in Austin using the unboxed process. So that is what we think
maybe we saw these gigacastings for, you know, yesterday. Joe Tegsmeyer, of course,
doing his amazing drone work in Austin, showing us the things that maybe Tesla
wants us to see. You know, they know that Joe's out there almost every day, right? They didn't
drag those castings out there the day before the company update randomly, I wouldn't guess.
But with that said, you know, I'd love to hear about new model vehicle.
And maybe it's not two.
I thought we were told, you know, it's going to be two new models, not one, you know, stripped
out Model Y, nothing like that.
So I'm really hoping to see a new model.
I would love to see two new models.
I'd love to hear about plans to do these new models in slightly different form factors in the different factories around the world, right?
Why should the North American market have the exact same lower-priced, cheaper Tesla vehicle, compact car type that they do in China or that they do in Berlin. So I'm eager to hear those updates and see a new product
and get some more new FSD. Yesterday, I did get the holiday update 14.1 for my hardware three Tesla,
and it's got some great fun features. I mean, this is a car coming up here on June is my five-year-old Tesla, and it's continuing to get
substantial, not just little lights and music, right? Substantial changes to the way that this
thing drives me around. So I would love to see a new vehicle today, Wolf. And I know that the
future is RoboTaxi. I know that the future is Optimus, but I'd love to
have an inexpensive Tesla we can all take delivery of maybe this summer. That's what I'd love to see.
Absolutely. Appreciate those thoughts, Landon. I'll throw my hat in the mix here real fast,
and then we'll go over to Bradford next. My wishlist item today as a father with
two small kids and another one on the way, a mother-in-law that is with us throughout the
week pretty much consistently. I need a bigger version. I need an SUV version of Tesla. I know
that there's a third row in that Model X, but it's not a true SUV in my opinion. That is my
absolute wishlist. Do I
think we'll get that today? Probably not. But if I had to have one just major wish list item,
can we get a family-sized SUV from the Tesla family, please, one of these days? Fingers crossed.
I'm waiting patiently on that. And with that said, Bradford, I want to bring you into the
And with that said, Bradford, I want to bring you into the conversation, see what's on your mind today and what you're looking for this afternoon.
conversation, see what's on your mind today and what you're looking for this afternoon.
Well, my number one wishes item is that this is going to be a video webcast.
I think that would be exciting if they started doing videos.
And that would be a really good sign.
I doubt they're going to announce a compact if it's not video.
a compact if it's not video. I'd love it if they would just in general kind of clarify
and set expectations for investors. So like what is the shape of the RoboTaxi rollout
projected to be just like in Texas? So like provided things go well in Austin,
is it like three months before they would start in Dallas? At what point in time will
Austin allow them to do more vehicles? How many vehicles is Austin allowing them to do?
vehicles is Austin allowing them to do. Those things would be helpful to understand. And
at what point will they gain the confidence or the temerity to roll this out in a place like Florida
where, you know, they're not rolling it out on Austin campus or on a Tesla campus.
campus, or on a Tesla campus.
Other clarity around like battery making, just understanding where they're at with 4680,
what's the plans, are they just going to scale it as is, and just understanding, okay, at
one point we thought we were going to get 100 gigawatt hours or 4680 and like just in Texas, but just what these earnings calls should be is to help set future expectations.
has any say in how many cars they put on the road. If you look at the Texas autonomous driving
legislation, what it says is an autonomous car must have a registration and a license plate,
and no cities can put any laws in place which regulate autonomous driving. So they can essentially
do whatever they want in Texas. Another piece that
I think is really interesting for 4680 is what their plans are for LFP 4680. You know, they used
to use CATL LFP batteries due to tariffs. They can no longer import those. So they are no longer able to offer lfp batteries in the united states and
that's resulted in the starting price becoming a little higher but you know you do get a long
range battery instead for the base model so if they were bringing back lfp in some way manufactured
through the united states either themselves or with a partner, that would be huge. Especially when you look at the
$45 a kilowatt hour battery production credit, that would reach a cost level we've never seen.
So maybe that's what they're talking about when they say they have the lowest cost sell, I don't
know. But that is, I think, one of the most explosive announcements they could make that
most people probably don't understand the
significance of. If they say, hey, we're building Tesla LFP or we have a partner that's building LFP
here in the United States, they've said that's the kind of cathode material they want for the
CyberCab. I think it would also be great for other low cost vehicles. so if you saw that recent 4680 interview with the head of 4680
and he said yeah we've we've got an update on our progress we're going to announce soon
i think people are pretty happy so maybe we will get an update on batteries today
yeah that's going to be like i guess I have that question still as well.
Do we have expectations around Austin's road taxi rollout, number of vehicles, for example, or area covered?
I don't know. Omar, do you know that answer? Or if anybody up here has any details
on that? Or have we gotten any details of what that's going to look like?
No, we don't have any details on what that's going to look like. But presumably, they have
enough cars to meet the demand. They're taking rides from public from the public, and I would expect the service area to, you know, substantially cover the city of Austin, hopefully at least matching or even beating the geofence of Waymo in Austin.
Wolf, this is why I'm pretty sure we're going to see upgraded model-wise as Robotaxi in Austin, because they can produce a lot of them. It's a known quantity.
The FSD is certified and being used out on the road for billions of miles. So I think we're
going to see a lot of Model Y Robotaxis and some CyberCabs. That's the distinction. Model Y, robo taxi and cyber cab being a unique vehicle.
Lars talked about pre-production. Yes. You know, for the 1010 event, the guys that were there,
Lincoln was there, Omar was there, you know, tell us, remind us again, how many of those
cyber cabs were at the event. You also had model Ys running at that event. Of course,
they were the pre-upgrade.
So that's what I think there. That's how you're going to get coverage of Austin,
is by not waiting to build all of the CyberCabs specifically.
I was at that 1010 event and everybody wanted to ride in the CyberCab. I mean,
many of us have been in the Model Y, but being being in the cyber cab is what we were all waiting for.
Bradford saw your hand go up there. Did you have a comment to throw in?
Yeah, I was going to say, responding to what Omar said about Austin, I think it'd be incredibly
bullish if they covered the whole city.
The rumor I heard was that mainly they would be serving Tesla employees at first. So getting to and from the factory, they have 22,000 employees. Many of them are middle and working class who
would use ridesideshare.
So that may be the start, but if they literally blanketed Austin or good parts of Austin and covered it to the point where it was like Uber in the heydays of 2019 when your wait to get an Uber was like two or three minutes and the cost was
lower than it was today? Like that would be amazing. It'd be an incredible experience and
like insanely bullish. I don't think we'll get that, but I hope we do.
I mean, I think the potential for an autonomous service is to get wait times shockingly low.
And, you know, you've kind of noticed this for Waymo, too, where they only have about, you know, 700 cars in San Francisco, for example, about 1000 to 2000 cars nationwide.
And wait times are pretty low, you know, five to no more than,
you know, 15, 20 minutes is typical. And with Uber, you have, you know, let's say a million
drivers or something, but a small subset of them are online at any given time. So when you request
a ride, you're saying of the riders who are available, how many are there? Now with these autonomous cars,
especially now while Tesla owns the fleet, every single one of them is going to be dedicated to
ride share. And long-term as customer cars are added, you're not just going based on drivers
who are on the road, circling around aimlessly. You could call a car that's parked on the street near you or a neighbor's
car.
So the potential to have, you know, a one or two minute wait time when you can activate
any parked Tesla nearby.
I mean, next time you leave your house, just see how far away is the nearest Tesla where
I live.
They're all over the place.
So I think there's definitely a potential to
make uh you know wait times under three minutes the standard
and in a best case even you know a one or two minute wait time be pretty standard
i just thought of some that would be spicy um the people who have been opting into the early access program in Texas,
what if they're allowed to run their cars in the RoboTaxi network at first?
Yeah, I don't think they'll be able to do that at first,
just because when you look at some of the job postings around, for example,
the technicians
who are repairing the robo taxis, they mentioned there and other places that it's going to be a
Tesla owned fleet at first. So I think they'll start out with a bunch of new Model Ys. They'll
be owned by Tesla, repaired by Tesla. Tesla will take the liability. But if it goes well, I mean,
those Model Ys are the exact same Model Ys
they're selling to customers. So why wouldn't a customer be able to put their car on the network
if it's the exact same car? I mean, some modifications would be needed, some additional
procedures would be needed, but it seems very doable if the Tesla-owned fleet does well.
Jump in, Landon.
Thanks.
You know, I'm really interested in some of the details.
Like we saw some screenshots for maybe like a rideshare screen within the Tesla app.
Omar Bradford, I'm interested in your thoughts.
If you think, does Waymo, does Uber, do they use pricing?
I know they've got this surge pricing for busy times, but do they use that economic
lever for keeping vehicles in a certain area?
Like, okay, if you drive to the Austin airport, it's this really cheap deal.
But if you say, okay, I need to take
the border of San Antonio and Austin, then it's really expensive to discourage that type of usage.
The reason I ask is it reminds me of renting a moped in a beach community or something like
that. They're really happy for you to run it around their local area, but they don't want
you to take it off-road or out into the swamp or anything
well typically Waymo will just charge for mileage and time and obviously they have a
geofence that says where you can go and where you can't go anything similar with uber
well uber doesn't have a geofence but they charge you based on you know time and distance
uber does if you go outside of like a normal service area that a driver's in, if they're willing to take you an hour or two hours away, a lot of times there is like an additional surcharge I've seen on there just for that person to have to go that far and then get back to their normal operating area.
Yeah, I mean, the constraint there is just going to be the human.
there is just going to be the human.
If you're in LA and you call
an Uber and you say,
hey, take me to
Pennsylvania,
the driver will probably say,
fuck you, I'm not taking you there.
Very valid point, I feel like.
I mean, hey, sometimes the price is right.
Who knows? Gav, do we have you
up here as we get close to the top of the hour?
He may be carrying stuff in from Costco still getting ready for the rest of his day.
Big day for him.
I think he bought a whole lot of popcorn to get ready.
Well, yeah, big test learnings day.
Big test learnings day.
Yeah, we got that other space coming up in a minute where we're probably going to talk more test learnings
over on Wolf Trading here in a sec.
But yeah, this is super fun.
I'm very excited to see what Elon says today.
We're going to be live pretty much all day
and we're going to cover all of it.
And then me and Omar and Sawyer and Farzad
are going to record an episode of the Gigacast tomorrow
and share our full thoughts and recap.
So a lot coming.
You buying into that
full self-driving unsupervised costco experience maybe in a couple of months you can just send
your tesla to costco it parks in the shop and save row they fill it up and it comes back to
your house what do you think this year can't come soon enough brian i saw your hand go up if you want to throw a comment here and then we'll get some
closing thoughts from our co-hosts yeah appreciate it i just wanted to add that there's something
that we haven't brought up yet which is tesla energy and this is the second biggest meaningful contributor to Tesla's business and financials. So this is just
like me bringing it up is to highlight that they're like
Tesla is an incredibly diversified business. And there's
so many different business segments that are all gonna be
contributing tremendously to the financial. So, you know, we just have a fantastic opportunity to invest in, like, the world's greatest entrepreneur ever.
You know, fortunately, Tesla's public.
Like, if Tesla wasn't public, the demand would be off the charts for all these companies,
like they are for SpaceX, Neuralink, and X and X.ai.
like they are for SpaceX, Neuralink, and X and X.ai.
So yeah, I'm just wanting to highlight
that Tesla's a super diversified big business.
Yeah, great call out on that.
The energy business has been growing like crazy.
We are at the top of the hour here.
I guarantee in that earning space
that's starting up right now over on Wolf Trading
that I'm gonna jump over to. I that I'm going to jump over to.
I think Omar is going to come by over there.
I'm sure Gav will be joining over there as well as some other great minds.
I'm sure we'll hear a little bit about more than just the RoboTaxi, the Optimist.
I think we'll hear more about some of the number side of things.
So follow us over there.
Penny, any final thoughts from you as we close out?
final thoughts from you as we close out?
No, really looking forward to the call tonight and, you know,
the discussion after and tomorrow.
I think this is an exciting time for Tesla. Let's go.
Absolutely. Omar, any final thoughts?
You always have a great like one liner to close out these spaces for us.
Just have a great one-liner to close out these spaces for us.
You know, there are these moments in history, like the Model 3, where there's so much negativity,
and everyone believes Tesla's the worst company in the world,
and then they come out with something that just blows everyone away.
I think this is one of those moments.
Everything they've done in the past,
you know, changing the auto industry, utility scale batteries, you name it. I think it pales
in comparison to what they're doing with AI. This is really the most important product launch in
Tesla's history. And we're less than two months away now well said well said the stage is set for sure
and with that i'm going to close this out we are going to have another hour of earnings discussion
which i'm sure will be very heavily tesla focused over on wolf trading right now if you want to
follow us over there you'll see some familiar faces for sure.
And then, of course, later, Stocks on Spaces this afternoon. We'll fire that up at Power Hour,
and we'll have that live when the numbers come out. And I'm sure we'll probably even be playing the live call over there throughout that space. So definitely check that out. We appreciate the
whole Tesla crew for joining today. Landon, Bradford was up here, Ryan, Ani, Kristen, and of course, our two co-hosts,
Holmarsh, Catalog, Omar, and Penny2x. Appreciate everyone for joining, and we'll see you guys on the
next space. Thank you.
