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TESLA TUESDAY 🔋JUNE IS HERE AND UNSUPERVISED FSD IS NEAR
Recorded: June 3, 2025 Duration: 0:58:51Space Recording
Short Summary
Tesla is on the brink of a transformative month with the anticipated launch of its RoboTaxi service in Austin, reflecting significant trends in autonomous vehicle technology and growth in investor confidence. Additionally, Neuralink's recent fundraising efforts highlight the increasing intersection of technology and healthcare, while Tesla's commitment to solar energy suggests potential strategic partnerships.
Full Transcription
Thank you. Good afternoon, everybody.
Welcome into our Tesla Tuesday space.
We're moving up here today.
350, back at it.
Stock is now right back to that.
Just about down 10% this year mark. It was down almost just
about 5% about a week ago, looking pretty good. Exciting times. June is here. Unsupervised FSD
is near. It's going to be a rhyming poetry kind of day as we look out at everything happening.
So yeah, there's a ton of updates to go through if you've been watching the Tesla world lately.
A couple things which I've been keeping my eyes on just to kind of go over that real quick here.
So how is Tesla going to handle this Robotaxi rollout, right?
Are they going to charge money initially?
What's the pros and cons of that?
What type of price comparison will this be?
Will everyone be able to use them, right?
How's integration going to work?
There's a lot of different pieces to go through here if you're watching Tesla and, of course,
this rollout. And for me, one of the biggest things, what data are people going to be able
to get and what data are they going to most closely look at? Landing, good afternoon,
happy Tuesday. How are you doing? Absolutely fantastic. fantastic on a Tesla Tuesday it's summertime in
the Rocky Mountains I'm Landon of the West your man of the mountains I got Teslas in the garage
right now and as soon as I get off this call I'm getting in one of them and I'm going to run up and
hit the trails I'm joining my local four-wheeling club. And so I'm excited to learn more about what they
do in my area. And then we're headed to Michigan in a couple of weeks. So lots of exciting stuff.
And that robo-taxi month is here, isn't it? I don't know about the 12th. I don't think
Tesla's confirmed the 12th. But here we are. What Tesla has confirmed, Wolf,
is that there's robo-taxis driving around
Austin without people in the driver's seat. And that's a big deal to me. That was my,
okay, here we are moment. Thanks for having us all to talk Tesla today.
Yeah, definitely. I don't know exactly the date as well, but like you said, they did confirm
that Teslas are currently roaming. I
actually spoke to a couple of people who I know that live there and they said that they actually
have seen them already. So that's pretty interesting, right? People are already seeing
these out on the road going around. So that makes sense with some of these different pieces.
Ryan, what's your thoughts? Oh, yeah, Landon, go for it.
Oh, yeah, just on that topic, you know, seeing them around town, I don't know.
It's kind of hard to see them. It's not like this is a weird Waymo with all the hardware on the roof.
It doesn't have big graphics like, hey, look at me, you know, sign up for rides.
It's just another Model Y that just came off the factory, built in Texas, built in Austin, and that's what they're using for this.
Yeah, so exactly.
Can't wait to hear more from Ryan.
Thanks, Landon.
Yeah, I think you bring up a fantastic point, which is these blend in to everyday vehicles. you know and so it's really gonna require people to see that there's nobody in the driver's seat
that are just like walking on the side of the on the side of the street and then they're gonna
look and say whoa what the heck is going on you know and if they if they don't own a Tesla
then I assume it's gonna make them at least do a little bit more research or be willing to watch some videos online.
If they do own a Tesla that, I mean, at some point they're going to be like, okay, well,
if their Tesla can do it, then mine should be able to do it too. And, and they're going to be right.
And all you have to do is just upload or excuse me, download software update which you know it's like it's just so easy
for us owners to take that for granted like you don't have to go into a dealership you literally
just connect it to your home wi-fi and your car drives better than when you first bought it
so what elon was talking about previously um many years ago and he still brings it up sometimes
is that the car increases in value over time because there there is some depreciation on the
physical hardware of the vehicle but there's also appreciation in the functionality that you get
from the soft driving uh the software and the self-driving functionality.
And the increased utility that you get from having a vehicle that can drive 99.9% of the time
is, he estimates five times or greater than what you would get if it could not drive by itself,
get if you, if it could not drive by itself, which I think is, is probably a conservative
estimate because, um, the amount of time that you spend driving on the road is typically
like two or three hours per day on average.
So, and if that in some cases, so if you just have it going off and picking people up and dropping people off like a driverless Uber, then, I mean, you could easily get to five times more than that.
So I really just feel like Tesla's super early.
It was kind of funny that they are already doing this in Austin.
It was kind of funny that they are already doing this in Austin.
Like Elon had originally said that he was going to have this deployed for 10 to 20 people.
And then eventually it would scale up to, you know, hundreds of thousands, really.
And that's what's going to happen probably within the month, the next month or two.
And after that, it's going to, well, excuse me, actually, it's probably going to take
a little bit longer than that.
Cause it's going to be, uh, different geographies that allow it, but it's going to be quick,
uh, because Tesla has that ability where like all of the hardware is already out there.
It's not like they have to go and buy a bunch of different cars, retrofit with all sorts of gear.
It just kind of goes back to the original point that Landon said,
which is these are our everyday vehicles that look and feel totally normal.
and feel totally normal. They're just, I mean, they just, they look like vehicles,
but they're really computers on wheels. So anyway, exciting times, and I'm looking forward
to hearing what others have to say. Ryan, can I follow up with you and ask you, do you have Austin
plans, or do you want to come see, are you going to wait for maybe a starship launch or a shareholder
meeting or when will we see you in austin trying out robo taxi do you think
um i feel like i'm pretty fortunate you know i continue to bring up in the space that i live in
arizona i feel like it uh we we may be the second or third geography to get it approved.
So, but I think to more directly answer your question,
if there's a Tesla shareholder meeting and RoboTax is deployed for public use,
then I would probably go out for that.
Yeah.
Great thoughts, guys. Yeah, go for later i didn't know if you were sitting right there i was excited
to see penny i was worried we're gonna miss him today he has got some great posts this week so i
can't wait to hear his excitement hi penny hey landon how's it going? I'm actually not feeling so well, so hopefully I can keep the excitement up anyway.
It is an exciting week for Tesla.
One thing that I've been paying particular attention to is that he is seeing it as a utmost importance not just for
tesla as a company but i think to supply the energy that he's going to need for ai with xai
and also to supply the the energy that we're going to need for american national security like we're
really getting smoked by china in terms of new energy deployment and that
is not good uh you know if if things ever get nasty you definitely want to be able to create
as much energy as possible that's how you manufacture things and uh anyway that's how you
live so it is super cool i think to see elon like really doubling down on the energy side of things.
I expect in some way for Tesla to turn that into a second push or a second focus on solar specifically.
It seems like he's leaning a lot into the fact that solar will provide a big majority of the energy.
a big majority of the energy, you know, as we reach the next level on, on the, the Kardashian
scale or whatever.
Uh, you know, it seems like he's talking that up a lot.
So I'm interested to see where that goes for Tesla as a company, uh, you know, happy to
see the, the pop in the stock price today.
And I think everyone is obviously so super excited to see what happens with RoboTaxi,
uh, this month in Austin.
My car every day drives me just like all over Southern California and I have no problems anymore.
I remember when you couldn't make a single drive without a few problems.
And then I remember being like, oh, it's starting to get more rare.
And now it's like I can barely remember the last time that anything went wrong.
And I'm on, you know, the old software and the old cameras and the old computer. And I can't
even imagine how good it must be for the folks on the hardware for now. So I'm like, I'm really
fired up. I think it's going to be super successful in Austin. I think that they probably will scale it up extremely quickly, especially seeing that, uh, you know, the other robo taxi
companies are scaling right now, right? We're seeing, uh, some scaling from, from cruise or
not cruise, uh, uh, Waymo. And I think that, uh, you know, Tesla is going to feel some amount of pressure to keep up with that scaling. But I think the timing is just right. Anyway, the software is ready. Elon and the team on autopilot have been working on it for a decade at this point or more. And, um, it works, you know, it took a long time to get there, but it works. I'm like really amazed. I think it's so cool how things are happening both, uh, you know, with RoboTaxi and also
with Optimus and also with Starship and also with Neuralink.
They, they just did another big, uh, raise for Neuralink.
And I think that they're going to continue to push the boundaries in terms of that technology.
A lot of stuff that Elon has been working on since before Tesla went public, you know,
the things that he was talking about, moving us towards interplanetary, being an interplanetary
species and having a sustainable city on Mars.
Like these are things that are all starting to come together for him after, you know,
decade, two decades of work on these things.
I think it's really incredible to be able to watch.
So, uh, you know, another good week for Tesla, I think we're coming into one of maybe the
biggest months ever for Tesla.
And I think it'll probably remain that way until they, you know, start really scaling out the Optimus product, which
I expect is going to dwarf a robo-taxi, you know, like significantly. And I think it'll come a lot
faster than most people think as well, because manufacturing a robot, uh, you know, from my
semi-uneducated opinion is probably a lot easier than a car, right? Once you get it going,
it's a lot less mass that you need to move. And, um, yeah, my suspicion is there'll be super useful.
So yeah, as always excited, I got my eyes, you know, locked on all the news that's coming out
for Tesla and it's been another great week.
Yeah, it's pretty big time right now, everything that's happening.
Kim, do you want to chime in with any thoughts here?
Hi there.
I don't remember.
I didn't see who was talking about the purchase of a Tesla, but I just wanted to comment on that. That literally, I think was the best car buying. Well, not,
I don't think it was the best car buying experience I have ever had, like ever.
And just the fact that you can do it online and it's done. And I think it took me like all of,
I don't know, 15 minutes or something. And then you just wait for them to tell you that your car is ready.
And there you are.
And you show up at the dealership.
And everyone was so amazing.
It was a really wonderful experience.
And then last night, I had a dream about the Tesla robo-taxi.
Isn't that weird?
Tell us.
Tell us.
I'm trying to like, it's coming back to me it was like I saw it and I was like
amazed and I was talking to my
son about it and
I just remember it was like
it was very
bright and shiny
but very strange I
dreamed about it so I don't know what that
means we need to get Freud in here to analyze my dream.
You didn't go on a ride with it, Kim?
You just saw it?
That's it?
I just saw it and it was like really, it was a lot brighter.
Like it was really, really bright and shiny.
I remember being a little bit taken back.
So I don't know.
Ooh, sounds like a sign.
But it was official. It was up and running. I don't know where I was. I definitely don't
think I was in Texas, but.
yeah that's interesting that's interesting tesla dreams uh kim penny wait i have a question for
Yeah, that's interesting. That's interesting. Tesla dreams.
penny penny when are you going to upgrade to a tesla with hardware for well good question the
model y is super tempting the cyber truck i still have five day one reservations for the cyber truck
that i haven't cashed in yet. But you know, I'm really happy
with my Model 3. And I figure I'll get a little bit more value out of it before I change out for
anything else. I'm not in a rush. But you know, I'll tell you, to answer your question directly,
if I can sleep in a hardware four car when it drives me somewhere and I can't do it in a hardware three,
then I'll probably move quickly at that point.
That is the nice thing about Tesla though. Like I mentioned last week is that you just constantly
basically get a new car every time you have a software update. That's the thing I think that
blows me away as well. I just, I always have a new car. That's the thing I think that blows me away as well.
I just, I always have a new car.
So I'm not jealous of someone else's latest and greatest. Like, oh, I didn't get that feature in my Mercedes.
Darn, they came out with this new, you know,
this new great feature.
Like you don't miss that in a Tesla.
Even with the new Y, I'm not jonesing for it
because I have everything in my Y already
that I love. And it'll just continue to get better. And that's so great. And the same thing
is still happening with the hardware three cars. I still get FSD updates and then it still drives
better after it comes. It's still so smooth that I feel more confident with it engaged than not. I feel like I'm in a safer car when FSD is, is helping me even in my hardware three car.
And I think the statistics prove that to be true.
I mean, like, I'm just, I'm so happy with my old model three.
I think that's why I point out that it's the old hardware so often, because it's still
like a really amazing experience to have the old model
model three. Uh, and that's despite there being a new model Y and a new model three, since I got my
car, I would love to have either of them, but I don't feel, uh, like I must because my car does
keep getting better. And when the new holiday update comes out, I'm going to get it too. So, uh, you know, they're, they're amazing
that way. It, it's not even really a car anymore. At some point, Tesla's need a new name. Like there
needs to be a meme. Like it's not a car, it's a Tesla because they're not, they're not the same
anymore. It's a robot. And there really isn't any other car manufacturer, at least that I have
experienced where I would get in it. And I'm like,
that's not a car. That's a robot. If you want that experience, it has to be a Tesla.
Yeah, right. Go for it.
I think, I think Kim's passion, you're, you're, you know, that really shows. So thank you for sharing those thoughts. And then Penny, really just kudos to you for bringing up all these different elements of Tesla's business.
Bringing up that Elon's talking a lot about solar, I think is a great point. And having some of our attention on that segment of the business is important, especially as AI needs scale up.
He's been talking about how they need transformers.
And then shortly after that is going to be a shortage in supply of electricity or energy.
So this part of Tesla's business has been underrated pretty
much in perpetuity. I mean, or since, since it started in 2014 or so, like prior to PowerPack,
they had a product that was used just for Tesla's factories called SuperPAC and then PowerPAC.
And now obviously they have MegaPAC,
which is just absolutely gigantic at scale.
And when you pair it with solar or wind,
then it makes the economics of these energy sources,
like the return period is much quicker. So I think because energy is such a
big part of the global economy, like at least Elon's reasoning is that this will cause the
energy business to be larger than the transportation part of Tesla's
business, which makes a lot of sense. I mean, if you have, if you just segment out the hardware
part of the vehicle business, then you're only going to get so far. And I think this is why
Wall Street is slow to adjust to Tesla's current financials and, and forecast their future financials
because they just don't recognize that you can have the software layer that causes the,
the traditional economics of the vehicle business to get completely upended.
Like you almost have what, in fact, you do have very similar to like what Adobe did,
where they really popularized the subscription model.
And then like, basically, if you could buy Premiere Pro for $300 one time,
that, you know, that's pretty good.
And the margins are decent, but relative to having like a monthly subscription or a yearly
subscription that you pay ongoing, it's just not even close. And that's kind of what we're getting
with this FSD. Like if people are going to pay $99 a month and that could increase, then you end up having this growing fleet at, let's say, 25% a year, plus
the adoption rate increases at, I don't know, an incremental 5% a year. And then you have the $99
per month increasing by $100 per year. Then, I mean, you really just get some insane financials.
And the vast majority of it is pure profit. It's not like they just have a ballooning top line
and a lagging bottom line. It's like they just kind of grow together, which is, I mean,
it's really just like the financials of this are so crazy.
And then I guess there's another thing that I wanted to bring up, which is Tesla posted a thread recapping the latest news of May.
They have 0% financing available in many countries in Europe. I think it was, I don't want to misquote the country, but there was a country that had like the best sales in that country for Tesla's ever.
And then also Tesla North America says that there's a Model Y long range rear wheel drive that has a 357 mile range, which, you know, like my Model Y has, I think the EPA estimated range was 333.
Now it typically gets closer to 300.
So I'm definitely able to comfortably do the vast majority of my normal drives.
But if I want to go, you know, on a road trip, then I'm stopping usually two
times between here and LA.
But 357 miles, that's a very comfortable amount.
And then if you have a home charger, then you, I mean, you, you pretty much never need
to stop at a supercharger because you just do your daily commute and then you're topping up with
your home wall charger every day. And that's a $37,000 car if you include the federal tax credit.
For a vehicle that's five-star safety rated and has the best technology, I mean, it's like,
rated and has the best technology. I mean, it's like, there's just, I don't think there's another
vehicle out there that has near the same value that a Tesla can offer. And you're getting these
continual software updates that increase the active safety of the vehicle. So, I mean, I think really the financials will show
that Tesla has the best product over time.
And that's what we get to see every day
if we are driving the vehicles
or just looking at the newest iterations of the vehicles.
I got a question for you, Ryan.
And if others want to chime in on this, I just want to get your thoughts on the rollout.
I was chatting with Sawyer a little bit about this because just kind of like trading thoughts
on what this could look like, what the way could go that they're going to do it.
And so some of the questions that we had that not necessarily, I don't know if we have answers to yet,
are, you know, how are they going to handle this rollout in regards to,
are they going to charge money initially?
You know, who's going to, is everyone going to have access to it, right?
What are the integrations going to look like?
What's the pros and cons if they go one way or the other?
And what data do you think that they're going to be most closely monitoring?
So just kind of like several questions around the rollout.
I was curious if you had thoughts.
Yeah, I think these are fantastic questions.
And, you know, what Tesla has done is they've prepared everything for massive scale.
And I kind of see the parallels with like Neuralink.
They're basically doing everything right now,
though they've only implanted in five patients. Like they're,
they're trying to do this where millions of people will be able to get these
Neuralink implants. So in the case of Tesla,
like they're doing this so that millions of people can easily just click a
button on an app and order an Uber-like vehicle.
So they've been testing this app with employees in Northern California around Palo Alto and
Fremont. And then they also have like the actual vehicle component that's, as we've
been saying, is working today in Austin.
It would be my guess that they're gonna try to test out
everything where it would function
exactly as it would at scale.
So they're probably gonna be charging money.
They're probably gonna have somebody in the backseat. They're probably going
to have the dual screens used for rider input. So right now, the experience for those of you who
have not been in a Waymo, basically you order it on your app and then it comes and picks you up, you open the vehicle and then you click confirm on the back
screen of the Waymo saying you confirm that the ride is ready to go. And then if you ever need
assistance, there's like an operator that you can you can phone in so
my prediction is tesla is going to be quite similar to that experience and then over time like um
you probably yeah you probably just have more and more people seeing that this is possible
seeing that this is possible. And if the cost of doing these rides is much lower than an Uber,
then I think generally speaking, people prefer to be in an Uber that doesn't have a driver
versus an Uber that doesn't have a driver. So eventually just get a better experience and
at a cheaper cost and it's safer.
I think there's just simply no comparison.
Does anyone else? Landon, do you have any thoughts on that rollout?
Yeah, a question for Ryan about that.
You know, I'm under the impression that Elon has said a couple of times,
there's not going to be a Tesla employee in the car. there's not going to be a Tesla employee in the car.
It's not going to be a Tesla employee by the wheel.
Behind the wheel, there's not going to be one in the passenger seat.
Now, you threw me a curve by saying the backseat.
But, I mean, the backseat is for passengers.
So I'm hoping that I'm a little bit more correct on this.
But maybe you've got information that I don't.
Do you really think there's going to be a Tesla employee in the car?
No, I don't.
I apologize if I said that.
I misspoke.
I think there's going to be a Tesla employee monitoring the vehicle, similar to like how a Waymo is, you have a, you have somebody that is available to be contacted if the vehicle is doing something funky.
But you're going to have somebody in the backseat, like a, like a, I mean, basically the car could be completely empty and it could drive around, but you're going to be taking a passenger.
Yeah, that's my understanding as well.
And so I'm really excited about a measured rollout here, Wolf and Ryan.
We've been in some spaces and the people that are betting against Tesla, maybe they're betting on Waymo or they just don't like Elon.
But they say things like, this isn't going to happen.
And then when we say, OK, it's going to happen in June, they say things like, oh, you're only going to have 10 cars?
Wow.
Why are you so excited about 10 cars?
Well, I'm excited about the one car that Elon mentioned that, you know, I don't know if he meant specifically one.
mentioned that, you know, I don't know if he meant specifically one, but he says that they have
Model Y vehicles in Austin and they've not had any incidents or problems as they test this system.
And I'm just really pleased to see them testing it a little bit quietly. Like I said, in other
spaces, if this were me, I would put one out in the middle of the night and follow it with five
cars, you know, because I want to see what's
going on. Obviously, Tesla knows better than I do. And once these cars are out on the road in units
of 10, which I think is where they'll start in June, that'll quickly double. And I think we'll
get to 100. Now we're talking about speculation. And I just think it's really possible that this thing could go much
faster if we're talking about the same 10 on austin roads at the end of the year i'll eat my hat
thank you yeah i expect that they're already doing more testing than they're even telling us
right like there's no way that they're unleashing these on the road for the first
time with this software and putting you know passengers in it in june i think that they've
already got teslas on the road in austin probably more than 10 of them with the same version of the
software and maybe someone is sitting in driver's seat and just not touching anything.
Right.
Like my sense is that they're definitely building up data.
I think that this is going to be one of those things where they're cautious until they're
not right.
Like when you don't want to put out a hundred thousand cars or a million cars all at once but if you do 10 and there's no problems
and then you do 50 and there's no problems i mean what's next do you do a hundred or do you do a
thousand you have to do a thousand i mean is it ten thousand i gotta think that the jumps start
to happen really quick and if there are a low number of incidents and if the incidents are more
minor than you expect from the same number of miles of human drivers,
people are going to be clamoring for this, right?
Like there is going to be an unlimited demand
for people that want to turn on their Tesla
and have it just drive them with no supervision.
I mean, that really is the dream for, you know,
personal transportation. Like you have your own personal chauffeur that will take you anywhere you want, anytime you want. It doesn't matter if you're tired. It doesn't matter if you have work that you need to do. It doesn't matter if you drink too many drinks at dinner. You just hop in your Tesla and it safely takes you home. And there's no other
cars on the road that can do that, at least that can be personally owned. And I think, um,
when it's proven that this is safe and effective, which I imagine won't take long,
the demand I actually expect for Tesla's is going to completely change because people that realize that there is no other car that they can do unsupervised driving in, like who's going to buy anything else at that point? to drive when Teslas already can and you can sleep or like do your, you know, get on your
laptop and work when it's driving or watch a movie.
Like that is a complete game changer.
It's already a different thing when you get in a Tesla versus another car, but we are
like really sitting teetering on the precipice of a new age where like, it's completely
undeniable. I i mean people are going to
be freaking out when they realize that their friends can watch a movie when they're going
on a drive to van or whatever it is that they're doing or their friends can be working or you know
like it's not it's just not the same thing anymore it's a totally different travel experience
and you don't need to pay a driver you don't need to get in the airplane and you don't need to pay a driver. You don't need to get in the airplane and you don't need to sit on a bus with like a hundred other people that didn't shower, right?
You just get in your own car. That's clean. That has your luggage or whatever else in it. And it
just takes you where you want to go. Uh, yeah, this really is like probably the most exciting
time. If you're really thinking about how this plays out for the future of tesla like they're on the edge of something that's really crazy something that people thought ever since
uh elon started mentioning it you know was impossible or it never happened or like you
know a century away uh similar to when he was talking about rockets that would be reusable
and everyone was like yeah right sure elon go ahead and build your
reusable rock it's going to start your money pit rocket company that'll totally work right
and now starlink is taking over the world and elon is responsible for like 95 percent of the world's
uh you know satellite and rocket launches definitely we are like right on the edge of that for tesla and i think quickly following
after robo taxi is optimist so i'll say that over and over and over again until people hate me for
it but um yeah this is tesla's like year for sure yeah it's a big big year emperor do you have some
thoughts here?
Let's see a few in the audience.
If anyone else wants to come up on stage, share any thoughts today.
We do have a little bit of room, so no pressure on that as well.
Oh, that's a great idea.
I love seeing all the friends and family, Tesla family in the listener group.
Jump up here if you guys want to speak. We've got Captain Ellie. Tesla family in the listener group, jump up here if you guys
want to speak.
We've got Captain Ellie.
He's in the Israel area.
We've got Sean in Vancouver area in Canada.
Alexander is in Sweden.
We've got Hustletown down in Houston and on and on and on.
We love these people.
These guys are running their own spaces almost every day on X Spaces.
You can find it.
And this is what we talk about
and we thank you for putting this up here wolf
my pleasure my pleasure yeah ryan um i thought i thought maybe we should spend a little bit of
time talking about uh spacex and and neural link like um i don't know if if folks got a chance to listen to um the update from from elon about
spacex but this was really like the the first time that i've paid super close attention and
it kind of like hit me that wow they really are trying to get uh thousands of starships manufactured. And if each one takes 200 tons of mass to Mars,
that's massive scale.
So that was quite cool to hear.
I think really for SpaceX's business,
like I've always been fascinated by Starlink.
It really just levels out the playing field
and provides the ability for others around the world
who may not have had hardly any internet access. just levels out the playing field and provides the ability for others around the world who
may not have had hardly any internet access. And they're able to learn anything that you or I can
online. Like that is just such a tremendous game changer. And then in the case of Neuralink,
like raising money at a $9 billion valuation. Like I'm actually writing a video script about this, but
I think one thing that folks may not recognize is that there are companies previously that
have manufactured medical implants. And then if the company goes bankrupt, then the person who
has received the implant gets kind of in a sticky or hairy situation.
So like there's an example of this Australian woman a little over a decade ago who got a brain implant
and it was tremendously helpful for managing her epileptic seizures.
But because the company went bankrupt, she had to get the implant removed and it was devastating for her.
So the fact that Neuralink is well-funded and has a bunch of
passionate people working towards an aligned mission, I think is,
it kind of like de-risks the patient experience. So I guess all this is to say that
it's great that Elon is leading all of these companies and also like I think over time people
will have his back more than they have in the past. I mean at some point
you just kind of think he's upending all these industries and doing it tremendously successfully
and his intentions are good. Hopefully people will start to recognize that.
good points around yeah happy to bring any other thoughts in but before i do that i did see uh
captain eli eli joining up on stage appreciate you coming up did you have some thoughts here
around fsd and then perhaps any around neural link as well hey thanks wolf Thanks for the invite. Good to see everybody. Yeah, for me it's exciting times. I booked my tickets to the US so I'm going to be there in Austin Tesla showroom where I walk. Basically, this is what
people get excited. This is what they want to hear. This is what they want to see. So a lot of
attraction, a lot of attention from, we can say all over the world because I'm in Israel and people
all they care about is FSD. Lately, I'm starting to see and notice how people shifting from the concept of no maintenance for Tesla.
Really? Is that a joke?
To, oh, what I see on YouTube and stuff, it's like an iPhone, basically.
All you need to do is upgrade or get a software update or upgrade or whatever you want to call it.
Because for them, they don't really know.
But just an update and maybe to clean the screen every now and again.
Just like an iPhone or any other smartphone so people are more excited about new stuff so why
i'm saying that it's because it wasn't like that because we have a lot of chinese brands in israel
people used to look at tesla like maybe as an as the old company for some reason, because the Chinese brands are like the models and the brands,
like the edge of the technology.
People think or thought that this is China.
But after a year or two with Chinese cars,
people coming back to Tesla as the top tech company, not even a car company.
And this is what I'm starting to notice.
So this is why I'm saying that.
As I'm saying that, I see that the hosts have a connection issue.
So I hope everything went through.
Eli, let me ask you about that, because it's interesting.
You know, you guys, you don't have the availability of FSD. And so I guess I can
totally see how these Chinese vehicles, EVs specifically, are really trying to push into
Europe and your area to where I've got people in America that are talking about it as if
it's inevitable. My dad, my dad's neighbor was
telling me, oh, well, the Chinese cars are coming. And I think that they just don't have the staying
power that people assume that once they get here, it's going to be like the Japanese in the 70s,
and everybody's just going to buy a Chinese car. But, you know, if Tesla didn't exist,
I still don't think that I would buy a Zeker. It just
doesn't seem to be the most important thing for my lifestyle. I'd go back to buying Ford trucks,
frankly, if there were no Tesla. But here we are. We are lucky we do have Tesla. Tesla is solid,
global, and the sales are picking back up with the new Model Y. But let me ask you, Kelly, what is it about these China cars that people are excited about
when they talk to you?
Is it that they actually have different technology, or is it just a shinier package or something
that wasn't available before?
Well, good question, Landon, because that's exactly, that's the way it is.
So you're spot on.
Let me start over.
So here in this country, people used to go and buy Mitsubishi, Toyota, Hyundai, the regular
brands from South Korea, Europe, and sometimes from the US.
But now with the Chinese brands brands they have the lower cost
so it's the same price as the Mazda and Hyundai and Toyota but the tech of some sort of you know
whatever Tesla has to offer because don't forget the Chinese brands entered the market here in 2021
so it's not like they came in like 2015 where everything was old. You know, it's
relatively new. So they had a lot to offer. As of today, every car you buy from China for
the fraction of the price of a Tesla, the car will come with automatic park, some fancy screen
and, you know, keyless and an app and all that stuff.
None of the Mazda, Hyundai, all that companies, brands has that.
So they have a lot to offer, a lot of tech in a small package, small price.
Let me tell you, when I used to work for Zikr and you knew that I used to work there,
I sold my mom a Zikr because, frankly, for the price they wanted, that was a better deal.
And she couldn't afford Tesla.
She's a teacher.
So, you know, she doesn't have a lot of money.
So she bought a Zika and not even a year after.
So it's not even a year.
And she's already selling the car.
And now she's probably going to go with Cherry.
I don't know if you guys know the brand.
So what I'm doing for her, I'm trying to go with her to all these dealerships to look for another Chinese car.
And let me tell you, Landon, it's a terrible experience because you're dealing with a salesman.
You know what I'm talking about.
They push you a car.
It's all about the deal.
They just want to push you the best deal.
They don't know anything about a car, Landon.
They don't know anything about it.
You can ask them where the battery was made. Well. They don't know anything about a car land and they don't know anything about it. You can ask them where the battery was made.
Well, they don't know.
You can ask about the company itself.
Tell me about Cherry.
How can I know that Cherry will be around?
How many years Cherry has in the car business?
Was it a battery company before?
They know nothing about it.
So it's just a different experience.
But by the end of the day, once again, I'm sorry if I'm repeating myself, lower price than all the other brands, your VW, your Skoda, your Audi, any other brand, and a ton of tech.
So unfortunately, that's the situation.
But the good news, people, like I said, for fsd so fsd is starting to pop
up people starting to talk about it i guess i need to thank youtubers like farla denomar and
everybody on youtube appreciate you coming up and sharing that good questions there as well
from landon yeah it's really interesting how they do run their dealerships. They certainly
have a unique approach. Landon, have you spent a lot of time inside the dealerships?
You know, here in the U.S., I managed Ford dealerships for 20 years. And so I've had all
the jobs in dealerships. I loved used car sales and used car managements, and I loved to train the salespeople and managers.
That was another one of my roles.
So yeah, I've seen all sorts of different dealerships all over North America.
I've consulted in Canada at dealerships, upstate New York, Vermont, Iowa, all over the U.S.
And so I like to think that I've seen a lot of different kinds of stores and a lot of different kinds of brands
and it's funny we all like to think that we're unique so about every store i went into to talk
about cars and training and sales they tell me well i understand how it is in the rest of the
world but it's different here so it's great to hear from ellie and other people you know you're
out of the the us now wolf sometimes you know, you're out of the US now, Wolf, sometimes, you know,
at least your market is really interesting for me to learn about. We are in a global economy,
and we got to realize that things are mostly the same around the world, and they have their
little differences. So it's exciting how Tesla is taking that on and expanding with smart,
controlled growth. Instead of just bursting onto the scene
with a couple of exciting new looks in tech.
And then two years later, there are people are complaining that the cars don't work anymore.
So you're right.
We have seen a bunch of different variables.
Sorry if I'm jumping in, but Landon, what other company do we have?
Do you have employees that after the work, like I'm always, it's two hours after I closed the door room
and I'm still talking about Tesla.
And that's on a daily basis, you know that.
I'm hosting spaces, I'm jumping on every space.
What other company does that?
So this is what's so great about it.
I'm coming here to this space, for example,
and I'm learning new stuff.
And tomorrow I'm gonna talk about the stuff I hear
in these kinds of spaces with customers.
That's unbelievable if you think about it, about the
global thing that you just said.
Yeah, the passion always stands
out for people. Okay, very cool.
We can move into, just so maybe everyone has a couple minutes
to do a movie, maybe move into some final comments
and then wrap up here today.
Exciting times ahead.
We are in June.
Got an exciting episode with the Gigacast that I'm going to record tomorrow with Omar, Sawyer, and Farzad.
And we'll really dig deeper into this.
Ryan, any other final comments?
Anything else you want to put on people's radar that they should be looking out for?
Yeah. So Captain Eli brought or Captain Ellie brought up, I think a fantastic point about
Yeah.
like the employees being dedicated to the company mission will go much farther than,
you know, I think it just has a tremendous impact on the long-term value of the company because really a company is
just it's people that are gathered together and if you have like they're basically all arrows
and if you have very strong arrows all pointing in the exact same direction aligned on the company mission,
then that force is extremely strong.
And in the case of Tesla, SpaceX, Neuralink, like they're, each of those arrows are individually
very powerful because they're intelligent and capable and willing to learn. So you get this combination of beefy arrows that are all extremely aligned in the same direction.
And you get this very powerful force.
Whereas at some other companies, there's ambiguity on what the mission is.
there's ambiguity on what the mission is.
People are, I guess, a little more selfish
and they may not be willing to put in
that extra incremental hour.
So then, I mean, just like the resultant final product
and service is nowhere near what Tesla will be able to deliver.
Additionally, like you get this amplification effect if you have people who are super motivated
and extremely passionate about the company mission.
Like if Ellie is willing to work an extra incremental hour,
then his coworker is more likely to stay in
the office as well and i mean my favorite example for this is if if one co-worker is willing to
answer an email at 8 pm and the next co-worker responds to that email at 9 PM, then by the time, let's say Ellie wakes up the
next morning at 7 AM, he's able to respond and make progress and move the ball forward.
So that loop, it just goes so much faster.
Whereas at many other companies, if you have a coworker who, if you have everybody that ends their day at 6 PM and, and turns off their computer, that entire cycle may take four or five days.
these cycles are happening within a day, within 24 hours versus within, I don't know, five days,
you just get way, way faster progress. And that amplifies across the company.
Like you get, yeah. Anyway, I think really just like the final value of what Tesla is going to be worth is significantly higher because everybody's so passionate about the company mission.
And on their own, they're intelligent and hardworking.
Brian, we've seen your employees.
We've seen these Tesla people out there at our Tesla Owner Clubs event across the country.
And it seems to me that they're not always on the clock.
I don't know how Tesla compensates them.
I don't know what's going on.
But we had kind of an impromptu test drive event where Tesla employees brought a Cybertruck, brought a new Model Y, and brought a new Model 3.
And we said, oh, you guys got to work six days
this week. And they say, oh, yeah, we work a lot of extra hours and we don't always clock in. So
it's great to see that passion. And that is what I have pinned up in the post there. Our next big
Tesla owners event, big nationwide event, is going to be in Michigan in two weeks, just a little bit more than two
weeks. If you know where Michigan is, you can get there. The address is in the pin. Show up and have
fun. It's a family event. There's a thank you for your service motive, or I'm sorry, motif of the
event to where we're going to have a lot of veterans and active service members
that we're thanking for their good work for our country. And this is a great place to meet the
people in this room. I mean, I guarantee you that I'm going to see some of the people that are in
the listening space. They're going to be there in Michigan. So it's a fun party, picnic kind of
atmosphere, family event. If you can get to Michigan, that's great.
Then we've got John in Silicon Valley
in his San Francisco event in July.
On and on and on.
Take advantage of the weather.
Jump in your Tesla.
Check out all the new superchargers on the road
and join me in road tripping Teslas this year
and come to Tesla Owners Club event.
You're all welcome. We'd love to see
you there. I love the in-person events. They're always so much fun. I'm like 90% going to be at
the one up in the bay, the Tesla Owners Silicon Valley. So hopefully I'll see some of you people
there. It has been a few weeks, Ryan, since we talked about recruiting. So I love when you get fired up about the employees and, and you know, that I love talking
about the employees too.
Ryan was really sort of like digging into the extra hours that they'll put in and I'll
go down like a different branch of the tree, which is the quality of people that you attract
and the fact that they actually
care, right? It's like captain over here, he's not getting paid more to show up in these spaces.
He just loves Tesla. And that means that it's not always work, right? And then when he shows up in
the office, that's infectious. Other people want to work around people like that. Customers
want to deal with people like that. It's a totally different experience. And it's the reason why
Elon has been so successful across his companies, because you're not just joining another company,
you're joining a mission. You're accelerating the adoption of sustainable energy, right? You are creating a situation where life can be multi-planetary.
You are saving people who have no ability to communicate with their family.
And now all of a sudden these ALS patients can, you know, can use Grok and Neuralink to talk.
I mean, this is not a job.
This is a life, right? Like you're,
it is a purpose working for these companies. And that means that you choose from the absolute
cream of the crop, because when you're that good, when you can work anywhere, you know,
there'll be some people that go for the biggest salary or whatever, but at a certain point,
you made a bunch of money and what do you want to do with your life, right? You want to do something meaningful. You have a really good opportunity
to do that at several different of Elon Musk's companies and maybe Tesla, uh, the biggest
opportunity, right? I mean, I don't think that there's going to be a whole lot more impactful
than autonomy over the next decade or two. And I think Tesla will be leading that as
well as energy. So, um, super, super exciting. I love talking about the people of Tesla because
Tesla really is the people. And I really do believe strongly that, you know, recruiting
is Elon's most underrated skill, getting people fired up to join spaces and talk about Teslala for free like i don't i don't work
for tesla i don't work for elon i just love it and there's so many other people like me um
unique opportunity to invest in something like that right i don't think that there are a lot
of other companies or brands even remotely like it can i I jump in real quick? Basically, I think you're right about recruiting
and more generally inspiring people
is his greatest skill, I think.
But specifically in the company domain,
it's yeah, recruiting.
Lifeblood of companies. Anyone want to make any other comments kim emp
i've had all kinds of go ahead kim i was just saying i think you have a short trade on
i saw that come through yeah i got ran over a little bit so big deal for our day trading
no i know i'm just yeah confused. Yeah, no, yeah.
Could have tried again here.
I mean, we're extended.
But I will say, once again, our track record on this space, I think the main thing I bring
to this space is just tracking the movement of Tesla during this space, which once again
was more than a 1% move to the upside.
We just moved basically $5 since this space started.
So I don't know what it is about this crew, but it's super bold. I think I'm just going to start profiting dollars since this space started so i don't know what it is about this crew
but it's it's super bull i think i'm just gonna start profiting off of this space just go long
tesla as soon as the space opens it seems to be a winning formula right now oh man it's a lot of
pressure it's a lot of pressure don't let me down landon i'm also excited that you're going i grew
up in small town arkansas so i'm excited that you're going off-roading. That gets me excited.
Love it, y'all.
All right.
Going to close one down.
Earnings Hub over on Wolf Trading is going to be starting in just a minute here.
So looking forward to seeing everybody back over there.
We'll talk about earnings and everything that's happening.
Talk to you, everybody.
Take care. Thank you.
