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TESLA DEEP DIVE 🔋
Recorded: July 29, 2025 Duration: 0:59:18Space Recording
Short Summary
Tesla's recent earnings report reflects a resilient growth trajectory, with significant advancements in AI and robotics, a focus on sustainable transportation through semi-trucks, and a promising future for Tesla Energy. The company's strategic recruitment efforts and milestones in energy storage further underscore its potential for continued success in the evolving market.
Full Transcription
Thank you. so
two days tesla tuesday space and it's starting off pretty interesting here for tesla it's been quite the
week we are just about down two percent in the past week uh but it's been through a value we're
down seven and a half percent we came all the way back from 300 all the way up to 328 and now we're
sitting at 320 at the moment just kind of chilling out Tesla, man, a lot going on in that world. So we
have successfully made our way through earnings and we had the earnings call and I think people
had a little bit of time to digest it as well. So just as a reminder, Tesla, in regards to
earnings for these past earnings, it was expectations of 22.25 and EPS of 0.35, I believe right there,
that happened. And so, you know, honestly, the reaction to earnings was fine. I think it was a
little bit muted. I think people were listening more to what Elon was saying on the call itself.
Elon talked about ReboTaxi a lot, a lot talked about you know meaningful scale up and acceleration in that area talked
about optimus i think people got a little bit of insights on those i feel like there wasn't a ton
on the affordable car that maybe people would have liked to hear a little bit more when it
comes to that but can't get everything i suppose let's uh let's go a little bit deeper here. Ryan, how's everything going?
Hey, Gab. Appreciate you having me on. Well, so this went over to the X takeover and had a good
time meeting some new folks and then also catching up with some folks that I've met with in the past.
It was a fun event and we got to talk Tesla, SpaceX, Neuralink.
I also went through some of Tesla's financials.
I didn't get a chance to watch the entire call yet, but I'm going to plan to do that soon.
Just going through the numbers, I felt like, you know, the vehicle sales, like we've been talking about, it's going to be kind of shaky um this particular quarter
was probably going to be up a decent amount given the tax credit is going to expire soon
but there's just so many things longer term with tesla that's super exciting and you know it's like
right now the ai revolution is truly taking hold and any company that's a leader in that space is going to be doing phenomenal financially down the road.
Tesla happens to be the leader in like the physical real world AI stuff. digital application digital AI applications but with robotics and I
guess in this case self-driving cars which are also a subset of robotics
Tesla is the leader there's nobody that has the ability to manufacture these
products at volume and has like already a fleet deployed around the world
and and also the software capabilities that are building the actual brain to
pair with these robots so Tesla's in a great position and then given that they
have such great leadership at the X take, we heard from Lars Moravey.
He and Wes and some of these other leaders
are just absolutely phenomenal.
In fact, like one of the folks who's leading Tesla Energy,
I think he's number one at Tesla Energy now,
was my direct manager back a decade ago. And at the time I had, this is kind of an
anecdote, but I told my mom two weeks into my internship, I was like, you know, I think Mike
is going to be the best manager that I ever have. And I was thinking to myself, maybe I'm going to
have 10 managers during my career, maybe 30 at the most. And I still think he's probably
going to be the best. And then I told my mom that and she was saying, yeah, okay, sure. You know,
I'm like a 20 year old kid. And I was thinking this, but to this day, I feel like he is the most capable, most intelligent and respectful.
And it was super easy for him to naturally bring people together.
He knew all the technical details of all of our projects and could zoom in and zoom out into the minor details and also see the broad picture.
So it was just such a great experience
to be able to recognize that this is the type of person
that Tesla is at Tesla.
And this is the type of person that's leading the Tesla team.
So, you know, through that type of leadership
and those people that are, that comprise Tesla,
that, that's the quality of the decisions that we're going to get out of the team.
So when it comes to like figuring out which product they should focus on or when they should release some sort of update
or how to go about expanding the FSD area, RoboTaxi area,
and how to scale internationally and all that.
All these decisions are just being made by people.
And when you have the best people, you have great decisions that are made.
So all these quarter-quarter financials are great to look at.
And over time, they do develop a pattern.
And it's good to recognize what that pattern will be in the future.
But any specific given quarter, it's like, I can't really put too much stock in that, like literally.
So that's my two cents for just this past quarter and uh and some of the
stuff moving forward and when you talk about the managers and some of those different pieces that
they have in place right now obviously you're familiar with the key leadership uh you know
Lars and others who really stand out to you outside of Elon that's at the company now and
they've had some changing of the guard over the last year as well.
Yeah, definitely.
I mean, I think Lars has showcased that he's really serious about Tesla and he's been with the company for more than 10 years now.
He's worked directly with Elon and he had mentioned that he and Elon have this mutual respect.
and Elon have this mutual respect. I think the sense that I get is that, well, I'm positive
because Elon's not going to keep them around for this long if they're not a super highly competent
engineer. And one of the things that I found with Lars is he is truly just good at engineering in principle. It's not like he's specific to one type of project because he has
fundamentals that are built from his knowledge. And then also now he's accumulated so much
experience. So he's working on Cybertruck. He's working on the Model Y redesign, and he's working on Optimus.
He's dabbled in semi-truck.
So it's, and then also during COVID,
like there's this time where Tesla had to build,
or Elon wanted to build these ventilators.
So, I mean, that's not, you know, a vehicle at all.
That's literally just like, well, we have great engineering talent that can reason from first principles and build any type of mechanical device we want.
So when, you know, they showcase that skill during a time of need and they're able to help support with stuff like that, then I think that just further indicates that, wow, okay, these engineers are adaptable and they can build whatever they want to build.
So, you know, whether they're focused on vehicles or they're focused on robotics,
they're able to do it. Same thing with the battery cells and whatever need comes up in the future.
And then there's also another person on the leadership
team, Dan Priestley, who is primarily focused on semi-truck. And that product is super exciting
because it's the number one product for vehicles that's going to make an impact on the initial
mission of Tesla, which is to accelerate the advent of sustainable
transportation.
I think the number that was cited was more than 50% of vehicle emissions come from semi
trucks and heavy duty trucking.
So if we're able to replace that fleet of semi-trucks around the United States with sustainably powered electric vehicles, then that's a huge impact on the environment.
And eventually it will affect the financial.
But really, it's just about taking all of these gas-bluiting cars and noisy vehicles off the road.
And then also socially, there's a layer that's really powerful,
which is truck driving is a common occupation.
And it's a dangerous one too, because you end up getting very sleepy.
You're on the road for a long time.
You're driving through all sorts of different conditions.
You know, you can hit black ice like any time.
You can go through super hot weather and you're out in the sun and add on that you can get sleepy and you're, you know, hauling around this giant load behind you, it becomes quite dangerous.
But if you pair that with self-driving, then you take a lot of those elements away. And then all
of a sudden, the truck driver no longer is a true driver. They're just an operator. And if an operator has to get out once every, I don't know,
few hours to charge, then they're going to be way less tired than if they were just driving for the
prior three hours and then had to hit back the road, get back on the road. And, you know,
they're driving all sorts of funky hours. It's just a, it's a tough job.
And therefore we're seeing fewer and fewer people becoming truck drivers now.
It's like, how many, how many people under the age of 25 do you know that are like dying
or wanting to become a truck driver?
It's just very rare.
I mean, especially in our like Tesla world, but even outside of that, it's becoming more and more rare. So having full self-driving to be able to power this fleet of Tesla semis and to take a lot of those gas-polluting semi-trucks off the road, that's going to be huge. So I'm excited for that product. And then also Dan is doing a good job.
Like there's just so many people out there
that are working on so many different aspects of Tesla
because it's such a conglomerate.
And that leadership team is really appreciated.
It's a really great rundown on the leadership that they have internally.
Sorry to keep pounding with questions, but one last question, Ryan,
before we do move over to Landon and Kristen, which is, you know,
there's some tweets from Elon where he'll throw out.
And it was, I believe, at Andre.
You know, he's basically,
he tries to sometimes recruit people
back into the company,
you know, kind of pull them back in.
I'm just curious your thoughts there
in regards to the reach out.
You know, they did it with
former board members, right?
They've done it with a couple of people
where they've gotten them to come back.
Yeah, definitely.
And I've heard this from
some folks in the Bay Area, like in Silicon Valley, who have had quite a bit of success,
they will say that it's way more effective to have a very targeted approach on who you want to hire.
And whether it's a startup, or it's a big company i assume the logic remains
the same so like when elon was first starting open ai he really wanted ilia setskiver and he
was saying how like that's that's really the key uh and and then the same with like xai
starting that you just want the absolute best talent so you're kind of like
willing to bend backwards for what they want to some degree um so like they wanted to be outside
of tesla and they probably wanted quite a bit of stock uh they wanted ownership of projects that's
my guess uh and to be able to provide all that, you know, the return is going
to be tremendous because these companies literally just don't exist and thrive to the level that they
do without these people. So wanting Andre back is, it's really just about like targeting who you want
and making sure that you try your best to grab them
because talent is it's it's really really difficult to get new talent and to maintain them
and you'll do anything you can if you have an a player because that a player is 10 times more
valuable than a b player so when you get i assume i mean i, I don't know that I've ever had an A++
person, but some of these people at Tesla, like they really are that level. So I assume they just
are 10 times better than even an A player. And we see that in the products, we see that in the
services, we see that in the financials long term. uh so i i do think you're right to to see that elon is is trying to target these folks
and that approach ends up working out well it works out better than just posting a a search
and then just like some, or excuse me,
like a post on LinkedIn or indeed or whatever,
and just hoping that the right candidate comes to you.
It's just, it's much more unlikely that that's gonna happen,
that that match is gonna happen.
Really, really good thoughts.
Appreciate it Ryan.
Interesting conversation here, digging into leadership.
Kristen, I saw you came up second.
Do you have any thoughts coming out of earnings last week, perhaps any takeaways from the
call?
And then maybe any thoughts on what we shared here about leadership and the people involved?
You know, Tesla with the pivot on doing CyberCab and focusing on other things and just looking
at the future of AI, I think the earnings kind of reflect that it was just like not one of their
best, but they did good. It's showing the pivot. So to be expected for somebody like myself,
who's been following the company. Um, and as far as the leadership, I think you're seeing the same
thing. Um, you've got people that are there for certain segments that drove a lot of things. And
then, you know, like, I think what Ryan was speaking to in Silicon Valley, these really great leaders have other opportunities.
Andre himself said that he had other projects.
Personally, he really wanted to get to, and I know Elon scalped him out of Stanford, and he was doing some amazing classes and teaching and some different research that he really enjoyed.
He wanted to probably hone his own ability just to focus on some things that he really enjoyed. So, you know, he wanted to
probably hone his own ability just to focus on some things that he himself wanted to pull out.
But it's great to see Elon at the top of his game with all this coming back and saying to Andre,
hey, you know, we love what you added if you want to come back. And other techs coming and go,
or other execs coming and going too. So I agree with what Ryan's saying. It totally makes sense.
And Tesla's focusing more on Robotaxi.
You know, we've got a future that's becoming quite autonomous.
And like Elon has stated, like, AI is like a tsunami.
It's coming so fast.
I don't even think we're going to realize how much it's shifted things.
It's going to shift things for us faster than people who think they're controlling it and doing things.
So I think Tesla's trying to stay
ahead of that. So it'll be interesting to watch. And Tesla's driving a lot of that as well. So
yeah. And I don't know if any of you went to the Tesla takeover, but it was great to see some of
you again. And if you guys want to learn more about just Tesla, these events the community
puts on are a great time to ask questions and meet people and meet even some of the people that
work for Tesla. You've got Lars, like Ryanyan was talking about and steve jervison an early investor and
he's he's involved in a bunch of different elon companies big on the boring company as well so
great time
super cool um
you kind of cut out at the beginning what did you i'm not sure i heard what you Did you feel like you came out with more answers or questions?
You kind of cut out at the beginning.
I'm not sure I heard what you asked.
During the earnings call, do you feel like you came away with more answers or questions?
Boy, I'm not sure.
You know, Elon shares what he can during the earnings call.
I'm not sure if I, I had more
questions per se. Um, I think a lot of us who keep up with it, it was reflective of what we expected.
So I, I, I didn't have any expectations that were, that were out of the blue. I, I, I guess one
expectations is that it, and it's not really expectation. Cause I think I'm realistic about
it. I always expect wall street to finally catch up and get a little bit more on board.
But it seems like they ask the same dumb questions.
So happy with the retail investors.
They drive it.
And I think they understand the value quite well.
So that was great to see.
Yeah, Gab, I think one of the bright spots of the numbers that I saw, like, again, I didn't see the entire call or I didn't listen to the entire call, but going through the
numbers, like Tesla Energy is such a bright spot.
And the revenue and profit are still smaller than the vehicle sales, but it's growing at
a rapid clip and the margins I think were around 30%. So like for that business, when people think
a rapid clip.
And the margins, I think, were around 30%.
about the total scale of what they could achieve, they should be thinking that that's going to be a
bigger business than the vehicle hardware. And also like the energy products are all connected
via software too. So you can kind of have this like software layer that's going to help the margins increase much more than normal stationary storage products more than just a
regular like solar panel so like this this business is is growing and i think it's it's providing
more stability to the stock than they would have otherwise and then on top of that you kind of have
like what kristen saying, you have some
Wall Street analysts that seem like they're kind of getting on board with FSD, but every
quarter it's like disappointing that they don't, they don't all seem to truly get it.
And once they do, and once Tesla has demonstrated that they can get into many different geographies and do it without a person in the
passenger seat, and they do it safely with a lot of data and showcase, hey, we've done this many
miles without severe safety disengagements, and they're making money from it, then it's like,
okay, they literally have the first one, two, three, four data points plotted, you would expect that
these Wall Street analysts are then going to come around. So that may be two quarters, three quarters,
maybe even a year or whatever. But once that does happen, the stock will reflect what's possible
with that growth. And the economics just ridiculous. Like the gross profit just balloons tremendously
because you already have this deployed fleet
that if you add on RoboTaxi and all of the profit
that you can get from the monthly subscription,
you just get a gigantic number.
And that scales well as they continue to add robots
or vehicles to their fleet.
So it's really just an exciting time.
And hopefully Wall Street will catch on soon.
Yeah, I mean, ultimately, the thesis for me is simple.
You know, you zoom out on Teslala's cart pull up a little weekly here
and you will notice that the price we trade at today is the same price that tesla traded at in
october of 2021 uh relatively similar to be honest to the price it traded at in december of 2020.
the only difference is the cars drive themselves now. So yeah, it's a pretty big
difference, but it trades at the same valuation that it did that. So pretty interesting to me.
Landon, how's everything going? Wolf, Landon of the West Coast here for you. Maybe Landon
of the West Coast doesn't quite know how these time zones work, but I am so
happy to be out here with the Tesla.
Wow, the Tesla OGs.
And you know, California is a pretty big market for Tesla, so I'm just really thrilled to
be out here.
I've been on the road for about a week in my cyber truck, meeting all my
cyber friends and Tesla friends. And, you know, Kristen is certainly the queen of Tesla at these
events. And so it's just lovely to be around her and watch to interact.
And that's what these events do for me. They reiterate, they re-excite, and, you know, the piece de resistance for me was watching Lars on stage, the vice president of Tesla Engineering.
And this guy is a treasure trove of information.
You know, of course, you saw we had Elon Musk on video and absolutely wonderful, phenomenal.
But, you know, we've got the careful Elon Musk that we all begged for in 2018, didn't we?
Oh, what is Elon going to say today?
Oh, to drive down the stock, to drive up
the stock, who knows? Probably not with that intent. But now we've got that Elon. We've got
the responsible Elon that measures his words. And he says things like, I would love to talk about
that. I'd love to answer that question. We have so much exciting going on, but you saw it in the video. And, you know, sometimes he just can't reveal product information right away.
But Lars, he was sitting there happy on the stage, smiling, and he was giving us Easter egg after Easter egg.
And we can get into that in the coming week. But just to be in front of that man that is in
charge of figuring out how to bend bulletproof stainless steel and hang it on a half-ton truck,
he's the guy that did that. He's the guy on the line every day with his team.
And man, to watch him talk about it, he's worked for Tesla for a long
time now, burnt out, exhausted. Oh boy, the hours to put in, not this guy, not this guy. He says he
jumps up out of bed and he has breakfast with his family and off he goes every day, excited
to make new things happen at Tesla.
And this is why I'm in, because I'm driving the Cybertruck that he put together.
And then we've driven down after that and explored California redwoods and beaches.
And last night, 11 p.m., I'm at the Tesla Diner in L.A.
And I just, we had so much fun with my friend and Tesla bull Zander. Wow. Wow. Wow.
The line at 11 PM wrapped around the building and 80 stalls with just one or two open of the
newest V4 superchargers at the diner location. We pull in the Cybertruck and they treat us like
VIPs. We got the spot right up at the front door and there's influencers everywhere taking photos
of Tesla, taking photos of the Franz von Holzhausen designed Tesla diner itself, and then just taking
pictures of each other because this is what we do. We get
together and we share our experiences. Did we see protesters? No. Did I hear customers grousing? No.
Did we have Tesla employees waiting on us that have worked there for already more than 12 hours
in that day? And they had smiles on their faces and they say, we love being here. We love
doing this. Yep, my first Tesla is going to be the Model 3. Other employees telling us about what
they liked about their Teslas. And so this is the ecosystem that I love being a part of.
Landon of the West Coast here, happy to be in.
Anyone else right there?
At the end?
Sorry, I couldn't tell if it was me.
I heard everything until right at the end, as you ending you said landon of the west and then ryan was the same for you yeah same for me i can't
really talk because my internet's always buggy so you're good you're good well landon we caught
pretty much the whole thing so i wouldn't worry about it we basically just heard like the sign
off is where it kind of a little glitchy um by the way for those that are in here i will shout out the gigacast we have the account up
stage up on stage here um right after earnings uh last week i did a live stream from the gigacast
together with omar and sawyer and that did a lot of views so appreciate everyone that did tune in
looked like it did like 50 000-ish views um so
pretty cool and we shared our immediate thoughts if you haven't checked it out i recommend watching
it right after this space uh just heading over to that gigacast give that account a follow
that's where we post uh my show with omar and sawyer weekly i also did see we had jc in the
audience and it looks like jc is coming up on stage right now so i'm gonna
see if we can get him in the mix how's it going jc hey wolf how are you doing i uh that's a hard
act to follow with landon of the west i feel like i gotta get myself jazzed up a little bit here but yeah it was uh it was it was outstanding love being at the x
takeover and seeing everybody um got to see a lot of people that i've you know that you see maybe
once or twice a year got to meet a lot of new people and apologies about my voice i've been
going pretty hard in the paint here for about
two weeks both in austin and up in northern california uh so i'm basically limping back
home to porter texas and uh but i'm i am uh as as much as my voice is gone. My excitement about Tesla is through the roof, just like landed.
I just can't do it with my voice like that man can.
And I definitely can't do it with those golden locks of hair flowing out from his head.
I do not have that either.
I am follically challenged both, as they say.
Anyway, more importantly, yeah, it was just
such an amazing event. I mean, obviously, anytime you get to hear El Gente, Ilano Musco, talk to you,
that's going to be a good day. That's always going to be a good day. And I agree with Landon, too.
Hearing from Lars, a lot of Easter eggs there.
You just see it on his face.
I mean, I'm 56 years old.
Well, if I can read faces by this point, that's a happy man.
That's a man who is comfortable in his shoes, loves what he does.
Loves what he does.
The excitement comes through.
And not just all of the earth, you know, world-changing things he's already made.
But you can tell in his eyes he's got other things up his sleeve that's going to wow us.
And so I'm just so excited.
I really highly recommend, if you can do it, anybody out there, go to these events because you will get energized.
You're going to lose your voice, but you're going to get so energized and come away with, you know, a lot of new friendships, rekindling old friendships.
You know, it was just outstanding.
I loved it. I'm excited to hear more about
RoboTaxi in Northern California. You know, me being from rural East Texas, I probably,
you know, I do my fair share of talking shit about California, but I'm going to tell you what,
that is a beautiful state. And Sanisco is its jewel that is a beautiful city
everything that surrounds it is gorgeous i went to mirror woods went out to mount diablo
omar took me fsd driving all up and down san francisco's streets i went down that thing
they say is called lombard street but it's really somebody was on acid in like 1968.
Fell out of Janis Joplin's tour bus and said, I'm just going to stay here and build a street because I don't know what the hell that thing is.
But it was really cool to see FSD do its thing there.
So, yeah, and I see Fod here, too. That's my its thing there. So, yeah, and Fa, I see Fa in here too.
That's my girl right there.
That's why she was telling me to do things.
And, you know, she's, oh, I'm so sorry.
That's why it's like, Fa, I'm so used to Asian women telling me what to do every day.
It ain't even funny.
So you just go right ahead.
Anyway, and I saw K-10 as well.
Love her.
I've been following K-10 since I got into this community,
so I kind of fanboyed out, and I probably got bashful seeing her.
So anyway, yeah, loved meeting everybody,
and I'm going to sign off, Wolf, before I get you demonetized.
No, no, no worries. Demonetization on our spaces always welcome here jc appreciate the energy
and spirit uh and yeah definitely an exciting time when you get to hear elon speak and talk
to different leaders of the company speaking of fa she's up on stage as well. How's it going? Hello. Hello, Wolf. First of all, I would like to tell you thank you so much for your work.
I'm your fan of GigaCast, so thank you. So I was following Tesla since 219, and I love
everything Elon Musk do. My heart goes out to him, of course.
And I got pregnant, and now I am two years old. This is the first event that I really go to.
It is mind-blowing. Jesse is right. If you can find time, find energy to go to this kind of event. Highly recommend.
I'm pretty, uh, into it.
I, I, a lot of people scare me and, uh, but this event is so much fun. My boy have absolutely, um, time of his life.
Uh, when he see the drone, 800 drone fly on the sky, face just like his charges drop to the floor and tesla owner of
silicon valley john they did they did very good job um you your heart is feel full you see friends
from all over the place like people from singapore people from china, Landon, JC, everybody here that I interact with.
On XK10, my absolutely best friend here,
we have such an amazing time on the space like this,
your space, Ali's space, Alexander's space.
Like every space that we're hanging out,
like you get to hang out with them in person.
And on Saturday, the big stage,
last big is like mind-blowing.
As a shareholder, I feel so happy.
And listen to Elon, he's working.
If all of you here are Tesla investors, like all my friends, you listen to him, you're like, yeah, my money is in the right place.
I'm so happy.
They spill the bean a lot about Optimus.
So I'm very happy about that.
They asked, yeah.
So future is excited
and I hope we get to do this together more.
I encourage everybody to go to the event
and I hope I get to see all my friends again.
So thank you for your time.
I would like to say one little campaign here
i would like to get to you wolf uh to talk to omar let's do comedy night tesla
it's gonna be fun let's make fun of everybody thank you
thank you yeah i'm down for a comedy night especially with someone like omar on the mic
thank you yeah i'm down for a comedy night especially with
omar's got that that dry humor you know that's what really gets me going so i will definitely
take that any day of the week appreciate you coming up and sharing great thoughts all around
landon kind of jump back over to you you got shouted out by jc there and others what else
are you excited for here?
Maybe you can tell us a little bit more about your diner experience.
Oh, man, I'd be happy to.
You know, they've put this thing.
I can't believe there's this magnificence in architecture right down, you know, in the heart of Hollywood. And I don't know what was there before, but it's easy to imagine
that there's an abandoned gas station and a parking lot next door. And now it is the best
new architecture I've seen on a building in a very long time. What are we building in America right now? We're building at the lowest
bid price, right? We buy a house. Well, we buy the house that we can afford and we do the best
we can. But if we're building a house, we're looking at every dollar. When you're building
this, you're looking at every dollar. And Tesla here looked at every customer first,
Tesla here looked at every customer first, and they built it with love.
And I watched my friend Rafael Teslatino interview randomly just kind of bumping into Frond's, you know, Tesla's design genius.
And so they talked about that.
So that's the kind of feeling you get when you're in this space.
And, you know, there's the ground level and there are
movie screens, giant movie screens up. And they were in standby last night because we're after
11 p.m. and they're being respectful to the neighborhood. You know, the volume level goes
down, the activity level goes down to where, you know, everybody can get their sleep around there. But then you go in
and there's this bustling diner. You feel like you might be in a 1950s diner, but it is so
futuristic at the same time. I think I saw Marty McFly walk by, you know, with his hoverboard.
It's that kind of vibe. It's that kind of thing. And the food was really good.
You know, I was thinking, oh, come on.
Omar was just so nice.
He's like, oh, yeah, the food's good.
But my burger was great.
I had a Wagyu chili that was amazing.
And, you know, just to watch everybody taking pictures of their food and posting about it.
Why are they excited to be there?
Well, it's new.
And it's futuristic and it
gives people hope because people don't want to go to some dingy rundown place not to charge,
not to meet their friends, and certainly not to eat. And here this has got a place that can be
replicated around the country. Elon's already said, yeah, maybe Florida. Hey, maybe Starbase. What if we
could get one of these in most of the states in the future, a clean, safe place to go have fun and
eat while your car juices up? And it doesn't take that long to charge a Tesla anymore. So you better
show up with as close to 0% as you can so you can experience it all before your vehicle's charged.
And so we rolled in at 3% and just pulled that as long as we could and watched everybody having fun.
We talked to the designer of, you know, I'm sorry, Teslatino talked to the designer,
but Xander and I were able to talk to the head of
construction there. And he said, it's just the most fun project that he's worked on in a while,
because he says he usually is dealing with people that are difficult and kind of frustrated and want
the project to go faster. And he says, these people, for some reason, just wanted everything to be right. And it doesn't matter if it's ready tomorrow or the next day, don't rush it until it's right. And we rolled out of there when we're blasting some hip hop and people are dancing around the Cybertruck.
influencer girl that took pictures on top of my cyber truck. And I don't know how I'm going to
explain that to Sapphire K10. Fa, help me out. Would you tell her that sometimes just random
Japanese women in cute little costumes will jump up on your Tesla cyber truck because it's the
best thing, the best vehicle, the future of automotive, and everybody wants to be seen with
it. So the excitement was there and
I just can't stop. I'm at Xander's parents' house right now having coffee and these people, you know,
is this your average Tesla investor? Are these people your average Tesla drivers? I don't know,
maybe they are becoming, but you know, senior citizens loving Tesla is because they're easy to drive and they don't have to worry about being distracted or tired or confused when FSD is pulling the load.
I mean, this is just watching these people get excited about Tesla.
You know, sometimes I feel like I'm the only one back there in the Colorado mountains and my neighbors think I'm crazy.
Well, I guess my neighbor just bought a Tesla as well.
So it is happening. Let's not be impatient. Let's just be ready for the time that the Tesla stock
moves again. And that's what I'm here for. I'm impatient and just enjoying the products and
services that Tesla and these other companies are coming up with. I mean, all we've talked about is Tesla and the Tesla deep dive,
but there's excitement everywhere around Elon and his managers and his companies.
Pay attention.
This is your wake-up call for people loving Tesla.
This is not a protester summer.
This is the summer of love for Tesla.
I can't stand it.
It's so good.
Landon, if
there circulates a picture
of a Japanese female
influencer on top of my Tesla,
all of my shit will be in
the front yard by
the time I get home in the next 1,300
miles.
Yes, sir. You were so respectful.
I saw you. You know, JC. JC and I graduated high school
right around the same time, right around the same part of Texas. And there is not a more respectful,
kind gentleman that's like 6'5 and knows everything about accounting in the world.
I mean, this guy may come off as a local yokel, and I'll slip into
that accent and say y'all every once in a while because of my roots. But hey, this man was meeting
people that he's talked to, and he was ferrying around the international famous Tesla influencers
like Captain Ellie from Israel is the top salesman in all of Israel for Tesla.
You know, he had Alexander from Sweden that was making his way in a foreign country and sharing
the excitement of FSD coming to Sweden as soon as he can force it to happen. He's not sitting
around waiting. He's going to Swedish government officials and saying, here's why we're
going to make this happen. Here's why it will save lives in this country of Sweden. And if you don't
let us have it soon, you're just allowing people to die on the roads needlessly. This is just
absolutely exciting to watch the people come from around the world and tell us why they love the Tesla stock.
That's because of the Tesla people and the Tesla products. And so JC and the others are just
stepping up their game to tell people why Tesla is the place to be. And you make your own financial
decisions, listeners. Well, gosh, look at the listeners.
They're already all invested in Tesla, aren't they?
These are smart people that know what's going on.
So quit your day trading and get into Tesla
is what this consumer would say.
You guys are fun.
I appreciate y'all being up here
and definitely the excitement around Tesla
never goes unnoticed.
I'm curious, Ryan, now that we're past earnings, what do you think people are going to be looking
for next? More details in regards to a more affordable car, expansion of RoboTaxi. What
do you think people are watching for? Yeah, I think they're're gonna mostly focus on autonomy and just the expansion of the geographies
that allow for a driverless vehicle and then actually the thing that i'm most focused on right
right this moment is when customer cars can be added to the fleet like living in arizona i want
to i want to have my car do the same thing that the Waymos can do. And, you know,
technologically, it can. So it's just about making sure that the regulations allow for it.
And when that's able to happen, me and plenty of other customers have to start to really consider,
do we want to add our car to the fleet? Do we want to make money even and have customers pay to, to ride in
our vehicles?
And like, especially if I only use my car one hour a day on average, then that's 23
hours for the rest of the day that I could be making money.
So there's just, there's just a lot of stuff that people will have to consider.
And as that rolls out throughout the rest of the United States and then eventually the rest of the world, this is going to have a tremendous impact both for all of the elements that we've discussed, for safety, economically, socially.
Joe Tegmaier even talked about this in Austin.
He took a blind person in the back of a robo taxi. And for her,
it's a total game changer. JC, I know had talked about this too, like the impact on folks who are
disabled, it's their whole world. I mean, it's just such a game changer, especially for the elderly, even if somebody's 75 years old and can't drive, but now they can get around with the robotaxi.
That's just I mean, it's literally it's a game changer.
And then the other thing, too, was I took a Waymo for the first time or I took a San Francisco Waymo for the first time.
And my experience was similar to the ones in Arizona for the past two years.
It's basically flawless.
There's a little bit of jitter where you get some shakiness of the steering wheel
where it's trying to make a decision of which lane to be in.
But those will get ironed out over time. Similarly, like the
image generation or video generation of digital AI is getting ironed out, the same will happen
with physical AI with the vehicles and robotics. And I think a lot of folks don't recognize that there are so many parallels
there. And Tesla has had a long start and a lot of time to develop and refine their physical
AI. So people have seen ChatGPT refine their LLM and these other models, but they haven't really paid attention to Tesla doing the same
with their physical AI.
And once they are able to roll this out nationwide and expand their, you know, their penis shape
in Austin and their other shapes in other locales, and then eventually nationwide, it's
like you just get such a tremendous impact super quickly.
So super exciting times there.
Yeah, big things ahead on the horizon
as we continue to keep our eyes out and peeled
when it comes to Tesla.
If anybody else has, by the way,
things that they want to jump in with, feel free to throw up a hand. We're going to run for another 10 minutes or so here and can come over to anybody that would like to jump into the mix
as we continue to talk here. It's been an interesting week, you know, coming off of
earnings. I don't feel like you've had maybe some of those explosive stories in the beginning of
this week that we've had some of the past weeks for Tesla. So I'm not minding it. Elon's very focused on XAI right now as well. I think it's
been a huge thing for him, especially since GRAC4 released. And there's just been a bigger and
deeper focus in that area. Jensen Wong, you saw comments throughout the week this week as well
from him. So it just continues to be it. Now, Elon's certainly staying very active on social,
but like I said, you know, just focusing in more teams on AI and some of these other pieces.
And I have not seen too much in regards to politics on his timeline recently. Yeah, Ryan.
I was wondering what you guys are most focused on at the GigaCast. Like,
At the Gigacast, like what have you guys talked about with the future of Tesla?
what have you guys talked about with the future of Tesla?
It's a great question.
I think for us, you know, we do, we use it pretty topical.
So in regards to like what's happening that week typically becomes a lot of the main topic.
And a lot of times that is mostly based around what Sawyer's feed looks like.
So this past week we talked about really, you know, coming off of the earnings call,
the three main topics that we want to focus in on.
So the more affordable vehicle, which both Omar and Sawyer is pretty much 100% convinced
is a stripped down Model Y, right?
Especially now that they're doing that Model YL.
And so it just makes sense.
Well, okay, Landon, I see that.
But it just makes sense in their eyes that, you know, you have the best-selling car in
the world.
You're making a slightly larger version of it so people can have that more like, you
know, I don't know, minivan style almost car, but then also to have a cheaper version of
it, right?
If it already sells well, why not make it a little cheaper as well and offer one of those?
So those are a couple of the options that I think that we've been talking about. Number two is Optimist. And with Optimist, that has been a topic where I
think that we're excited, but we realize that there's so much work still to be done, right?
Even at this point, and it's cool that they're getting them to serve popcorn and be a part of
this. It's still far ways off from ultimately making its way into a person's home and being able to serve there. I think that there's a few years of, you know,
factory life still to go there, in our opinion, where there's a lot of building that has to go
into factory and safety and precautionary pieces. And that's one thing which I was going to maybe
pick you guys' brains on. I feel like I've seen a lot more rise in robotics at home.
I saw a post yesterday for a, gosh, it's like a Kickstarter campaign.
And it was for a, there were lights that sit next to your bed.
They're like these tall lamps.
But then they are also laundry folding robots.
And you could put laundry on your bed
and the lamps like bend over the bed
and fold the laundry.
And I was like, this is just interesting.
You know, people are getting creative
with all different types of little things.
And then there's a comment and the guy was like,
you know, our imagination is that in the longterm,
like your entire home will be able to come alive, right?
And do different things and things will have capabilities.
And so Optimist is like a different version where they're trying to do more of that all
in one.
But I see other companies that are building more like specific tasks pieces and building
those into your home in more like organic ways.
And then the last major thing has been Robotexy and just, you know, the actual move to self
driving.
And that's because we feel like Elon's become less passionate
for the car business itself. You know, that doesn't seem to exactly be his main passion.
They're not, you know, ramp, they're not doing, you know, by any, you know, account, like when
you look at the numbers over the last couple of years, an amazing job in scaling that business.
So you have to figure out what else is it? And that's going to be FSD. And, you know, they talked about 50% of people who,
you know, could have used FSD, have not used it yet, and a couple of those other stats.
And so for us, I think we continue to explore unsupervised, full self-driving,
how far off that truly is for coming to, you know, a personal vehicle, when that then turns
into that person being able to potentially create revenue through RoboTaxi.
So I think we have more questions than answers at this very moment.
So there's like a couple of pieces there that we just continue to think on.
I would think that for today, we're going to do a little bit more of a, sorry, tomorrow
when we record, it'll be a little bit more of a digestion from earnings.
We'll talk a little bit about the Megapack side of things, because that has been probably
one of Tesla's most successful areas, right?
Their new Megapack factory in Shanghai earlier today has built their 1000th Megapack.
mega pack and i know that's something that swear does like to focus in on when we talk about it
And I know that that's something that Sawyer does like to focus in on when we talk about
um but outside of that i just don't know if we have um like atomic what do you guys think we
should talk about this week in the giga cast it feels a little bit lighter than some of the past
weeks i feel like mega pack is a great great thing to talk about and there's a bunch of different main use cases for stationary storage, like
just dampening the grid and having backup power and offsetting or using it during a time that's
going to save you on costs. These primary factors are huge. And around the world, you know, there are a bunch of different natural disaster type events that could cause you to lose power. Like I was recently being told in the Philippines, like my, I have a virtual assistant over there. She like is affected by these storms and plenty of people are.
storms and plenty of people are, there's just a lot of flooding.
But if you have backup power through power wall paired with solar or power pack,
even for these larger, larger projects or mega pack, then you have reliable power.
And, and that's, you know, that that's like the main thing that you need.
It's like, if you don't have electricity, like't have electricity like what are you really doing every day? It's
It's a it's a real important product
So I think right now it's really like there's there's just so many different time horizons that Tesla is playing in
like charging infrastructure and Tesla energy and
Autonomy are kind of shorter term.
But then if we're just talking about the scale that these projects can reach, we're pretty
much only going to be talking about optimists.
It's just that the timeline is a little further out.
So it's tough to talk about it in a super concrete way.
Well, let's talk about some you know, some of Wolf's ideas
because he's really on all the hot topics there.
I sure feel like the second version of Optimus
that we're seeing around is in a similar position
to the second version of Starship
that we've got down there in the southernmost tip
of Texas at Starbase,
and they're pretty much ready to go with the third version of both products. You know,
Optimus version 3 with the new 22 degree of freedom hand, we've not seen that version yet.
that version yet. So, version 3 is ready to go with some upgrades that, you know, we're watching
them launch version 2, and some people wonder why everything doesn't go right. Well, we're on,
you've heard me say this, JC, we're on this technology adoption curve. It's a bell curve. And if you look at, you can imagine that this is a rope
laid out and we've got a tug of war on both ends and we're all on one side of that rope
and we're pulling everybody into the future. And on the other side of that tug of war rope
are the laggards and the people that don't want technology and they just, they don't,
they don't like it.
They'll never change. They still have a phone if they have a cell phone at all. And you just
can barely budge that. It's hard to win that. We'll win it eventually, but it's hard to force
the technology curve to happen. You know, you can't go to your neighbor that's driving a Volkswagen Beetle and imagine
how he could understand today that this is what he should be doing. You have to let people get
there, they say. And that can't be done artificially. But the good news is that the battle
is won. The war will be won. And we're seeing these silly little skirmishes that really don't affect the ultimate outcome.
But we see Optimus that the humanoid robot will be a generalized humanoid robot, and generalized is best.
We've had industrial robots for, what, 60 years? Actually, General Motors was using,
you know, robots in the early 80s in their factory. But how is that different? Those are
very specific. Big robots moving big sheets of metal that do a job. And so those can't scale. And so maybe we're seeing some $5,000
robots in China, and we're seeing some $5,000 EVs in China. Well, that's not relevant for the
future. So don't listen to the noise, go for the signal and support a robot that's going to be able
to do everything that people can do better than we can do it.
And we're going to get a Starship version 3 that can go to orbit,
that can refill with liquid oxygen in orbit and head out to the moon, head out to Mars.
And we are on track.
And Lars and Elon and others showed us this week how we're getting there.
So don't fret.
Don't dispense futures on its way.
And we're on board early.
Thank you so much.
Amazingly put.
Well done.
This was a fun hour here.
Thank you everyone that tuned into our Tesla Tuesday.
Coming up right to the top of the hour.
I got to jump to another call, but I appreciate you all for being on as always.
And we're looking forward to the next one.
Take care, everybody.
Have a great rest of your week.
We appreciate you all for tuning in. Thank you.
