Tesla let just the Tesla takeover. Now the X takeover, but we do Tesla takeovers all over the world now. Yeah, that's cool. Thank by the way, guys. I just want to say thanks a lot for your support. It's super appreciated. Thank you. And I, um, I know, uh, Kelvin's going to follow up with the question, but I just wanted to say thank you, uh, from our organization for the support. I'm literally 2018 got my Tesla started driving it, and I can't believe the amount of fud out there on it and fake news, especially even in the Bay Area. And so it's always been that way, you know, it's into to getting into this community and creating, uh, now these epic events, uh, so but I'll pass it over to Kelvin. Yeah, Elon. So obviously a lot of Tesla fans here as well as SpaceX, but, uh, regarding on the Tesla side, can you give us any updates on any future models? Obviously, you know, the robo taxi is coming out, you know, I mean I can't quite

I can't do like product announcements, uh, at The X takeover. Just joking. Um, I mean, I think the, you know, a lot of what I've said, I said on the earning call, or I try to, you know, say what I think on the earning Co. The, the, the overwhelmingly important thing is achieving unsupervised full self-driving. So this is really profound and, um, hopefully a lot of you have gotten the chance to use 12.5 or at least 12.3.6. Um, so the, you know, the Tesla AI team, and it's, it's a couple hundred, it's not a huge theme, it's, it's just a few hundred, um, super talented engineers, but I do want to emphasize that it's a, you know, it's obviously way more than me, and, but it's also, it's more than a shoke, and, and, and, uh, it's, it's like, it's, it's, it's like tough to recognize like 200 people, but I just do.

want to emphasize that there's well it's actually a little more than 200 people that are really responsible for the full self-driving software side. And then we've got a great chip design team, because you need the chip to chip, you know, the chip. It's going to run on something, so the Tesla AI chip, Hardware 3, and Hardware 4, and then upcoming Hardware 5, which will probably be in volume production in 2026. There's really great chip team, and we've also got a great training cluster team. Like it's actually very hard to run a lot to build and run a large and video training cluster. It takes a lot of skill and a lot of work. So, you know, team's cranking 24/7 on building the South Extension to the gigafactory in Austin. I was actually just talking to the team last night, making good progress for installing the servers.

I do. It's like some people think, Oh, you just buy Nvidia, you know, GPUs, and plug them in, and they start the training run, and off you go. This is not the case at all. It's super hard, actually. Um, the, in fact, one of the tricky things that, uh, is kind of interesting with if you've got a, if you've got a large, uh, Nvidia training run or any kind of like large training run, the power fluctuations are, um, unlike anything you ever see anywhere else because the, the, the GPUs are all running with extreme precis. It's like, it's like a, a symphony, uh, like this massive Symphony with, you know, in the case of the installation in at GGA Texas will be 50,000. It's like imagine 50,000 instruments all moving in Symphony, um, and that what that actually causes. It's, it's like actually extremely difficult, like a nightmare electrically because when the, when the GPUs go up, the power goes up, and the GPUs go down, power.

goes and this can happen at like 100 millisecond intervals, so it's uh, it's actually quite a difficult thing electrically, um, sounds like a light show. Almost, it's kind of like a light show, it's, um, the it, it's just you just get these dramatic changes in power drol, um, and so you, and when you got 50 megawatts, uh, that can go from 50 megawatts down to 20 Mega in 100 milliseconds, like that's just very ual, so um, and back up again, um, anyway, so this, it's, it's actually quite challenging, so, so shout out to the Tesla team for that is, um, you know, building and operating the training center, so it's, it's really, it's like quite a few pieces of the puzzle that need to be done, um, and then we've got to record, record a lot of data, uh, and, uh, you know, and feed that into the training system, but the net result is that, um, it's, it's really starting to

become quite compelling, I think, with 12.5 um. And um, as I mentioned publicly, we've increased the number of parameters by a factor of five. Um, now, this one can simply increase parameters. One does not simply increase parameters, um. It's a, if unless those parameters are useful, um, and done in the right way, uh, you, it, it's just, it's, it doesn't matter. You actually have to have the parameters be the right. Each parameter is like it's a number, but the numbers have to be correct, um, and and you can think of what, um, like what, what the AI is trying to do is effectively compress reality. So it's trying to say, like, okay, we're taking all this video in, trying to understand reality, compress it down to, um, you know, a few gabt, really. Um, although I think it's going to that's steadily expanding, it'll probably end up being 20 gabes soon, but we're trying to compress reality into, I don't know, a few gigabytes is pretty hard.

um and um and and because our the inference computer in the car is U much weaker than say a GPU in a server Center it it's it's only got like uh maybe uh 15 to 20% as much power um and um so so in order to make if if your inference computer is relatively weak then you you have to spend actually more effort on the training side in order to [Music] to make up for the weak inference computer anyway so um but it is working it's I think it's doing really well um and um I think we we'll see rap continued rapid improvements each passing [Music] [Applause] [Music] week speaking of uh light shows Elon I just want to say thank you for reposting and sharing our light show from X takeover appreciate it sure uh so I want to talk about battery technologies uh what advancements are you most excited about in terms of uh Battery Technology and how are the the range of um inefficiency the future

Teslas well, I think it's important to note that even if there were no battery breakthroughs at all, um, I think you could electrify all Road Transport, um, and all, all Road and transport, and All Ships could be electrified, um, with, with even if there was Zero improvements in Battery Technology. This may be an important point to note. Now, there will be improvements in Battery Technology, but even if there weren't, you could electrify all ground and water transport. Um, for airplanes, you need, you do need some improvement in the, um, uh, energy density, the gravimetric and volumetric energy density. So, you've got a, you ideally want to have about a 450 or 500 1 house per kilogram U energy density, which you can get. I think in some, it's, it's, it's getting there, like it's, it's, it's, the, you know, with some expensive cells, they're, they're up in that region, um, but, uh, really most of the, um, R&D effort is in, is in improving the, uh, cost per, uh, wat per kilowatt hour. So, the

the cost of range impr like how do you get improve the cost of the battery pack in order to make the cars more affordable. Um and um, and then yeah, the you from a range standpoint, I think people are coming to expect, uh, a range of roughly 300 miles. I think is being kind of normal, maybe a little above 300 miles, uh, and that's if you're assuming that you're going, you're not, you're know climbing a mountain in cold weather because as you, as you ad more load, the range will decrease. On the other hand, if you're going down a mountain, your range will increase, um, so you know, a um, so you know, I think we're, we're really, I think starting to see like, uh, a normal EPA range of above 300 miles as being kind of the normal, normal standard, um, and and then just figur out how to build enough battery packs, get, uh, and scale it up, um, uh, we're making good progress in the Tesla designed cell, which is a a designed manufacturer cell.

uh, which is this is a hard problem. I mean, there are entire companies that, that's all they do. Um, but the rate of progress is good and, um, but like I said, no, no major breakthroughs. There's a lot of, a lot of work just to say like how many gigawatt hours of cells need to be made every year to really transition the world to a sustainable energy economy. It's actually, you know, hundreds of gigawatt hours per year, ultimately PS thousands, um, and, uh, a lot of it will go to stationary storage. So for, um, you know, pairing a wind power with the stationary battery packs and solar power with stationary battery packs, um, and just overall improving the efficiency and stability of the grid with, with the stationary battery packs. That's, that's actually quite a big deal. So yeah, but overall, I feel like things are progressing at a good rate. [Applause] So I've been, um, again, I'm when you think of a lot of the, the ogs that I've met, um, over the years who've been following

Tesla I'm fairly late to the game, but it's in it's crazy even since 2018 going from, you know, being weeks, if not days, from bankruptcy to how the company has been going from, you know, ramping to 5,000 model 3s into full self-driving. And the one thing I mean, you, I always knew that I was driving a, a robot at the end of the day, um, but never did I think I, I guess, maybe my, the, you know, I was just limited in thinking that we would ever create humanoids in Tesla specifically. And again, yeah, how would you say, you know, as also, too, you know, Tesla is an AI robotics company, um, you know, how is that to being in the factories, and you've made comments about how happening in the world, um, and so, you know, how is robotics, yeah, so how is robotics humanoids just impacted the valuation view, and really the vision for the company, right? Well, I mean, you can think of the, the Tesla cars as essentially robots on four wheels, um.

so it's really really profound, and I'd recommend, you know, G, get just giving demonstrations of the self-driving capability to people, people, um, you know, to friends and family and stuff, U, because if, if you take a Model 3 or Model Y, I mean, it's a good-looking car, but it, it doesn't look like it has, like, super intelligence, you know. It looks, it looks like it's a good-looking electric car, uh, but it doesn't look like it's like, I, I, I, I use the analogy, like, let's say you had a cat and looks like a normal cat, but actually your cat can talk and jump up and, and, and do like a hat and Cane dance and do like a musical. Are you talking about Garfield, actually, like, like, let's say, let's say you had a santian cat that could talk and, and do, and, and, and sing and dance, but, but people look at the cat on the couch and, and, and the cat, well, just looks like a normal cat, you know.

until it jumps up and does the song and dance, and it's like, whoa, like wow, what was that? Um, so that's the thing with the self-driving, is that, yeah, sure, the Model 3, why they're good-looking, normal-looking cars, uh, except, uh, ours can basically sing and dance, um, and it's intelligent and can drive from one place to another. So, um, so it's just demonstrating that to people kind of blows their mind. Um, so I'd recommend doing that because that's really key, um, and then for the Optimus robot, um, that's really an extension of what we've learned with the car. So, the car is a robot with four wheels, intelligent robot with four wheels, and Optimus is an intelligent robot with arms and legs. So, you know, in the case of, um, in the case of Optimus, uh, we have to design every part of the robot from scratch. Uh, the, you know, all the motors and gears and, um, electronics and sensors, uh, all had to be designed from

scratch. And also, we have to learn how to operate all of these motors and sensors. You really get to learn a lot about how the human body works, and you realize there's a reason why we evolve this way. You know there's a reason why the muscles that operate your hand are actually located in your forearm, because you actually, and so you know if you look at your sort of, and it's sort of like it's really like a puppet basically, and the puppet strings are in your forearm, and the so I mean there are a small number of muscles that are actually in the hand, but most of the muscles that operate your hand are in your forearm. So with the current version of Optimus, we actually have the actuators in the hand, but with the new version that we're moving to later this year, the actuators are in the forearm, and U really emulating how a

human hand works so um and there really are no um Motors, and there there are no actuators. When I say actuator, an actuator would be like Motor Plus gearbox plus power electronics and and sensors. Um, there are no actuators for that, actually, that you can buy for really any any amount of money. Um, that work well for humanoid robots. So we have to go go back to physics, first principles, and design all of the actuators from scratch. Um, so it's a tremendous amount of work, and I think it'd be very difficult for any any company that does not have um, that's not extremely good at designing actuators to to make an effective humanoid robot. Um, and then the it's it'll have the same like brain as the car. So initially Hardware 4 and then Hardware 5 in 26 and um and then just as the car is the car is learning how to navigate reality, it's it's the same basic process for the humanoid robot. Um, and I think basically everyone's going to want one, so it's

like who wouldn't want you know so like there's way there's different ways to think of robots but like like let's say R2D2 and C3P were real and you could have them but who would not want R2-D2 C C3 that would be awesome um yeah like a friendly buddy robot now we need to make sure they stay friendly of course that's very important um iing for A Garfield yeah but but but you know it's I think it's kind of like people will get pretty attached to their humanoid robots just like people you know you get attached to C3P and R2-D2 um and uh yeah I think everyone's going to pretty much want one and I think long term the cost of the humanoid robot should be less than the cost of a car because it weighs less there's you know fewer parts in it so ultimately I think you know humanoid robot that is super useful um I think long term is it's probably like $20,000 or

$225,000 depends on what a dollar is worth in the future. You know, inflation and all, but um, you know, current, current EUR dollars. I think, you know, I can see reaching a price so 20 $25,000 for a humanoid robot that would be really useful. You know, that could like um, help you take care of kids, walk the dog, you know, you know, go go get groceries like what, whatever, whatever works, you know. So so I think everyone's going to want one. Um, so there's 8 billion people on Earth and I think they're all going to want one. So that's why that's why I think it's probably going to be the biggest thing ever. Uh, Elon, what are you going to use your robot for? [Laughter] Well, uh, I mean, initially we're, you know, so we're starting like production unit one of production design one of of Optimus, which we'll, we'll do some basic stuff in the fact in the TS of factories next year because we want to iron out a lot.

of you know details. It's just to make sure it's useful. Um, and, and, and, and for the first year, so it's going to be require quite a lot of babysitting from engineering. Um, and then hopefully, hopefully when we get to 2026, that, that'll be one we could sort of sell it to, um, sell it outside of the company. Um, because and have, have, be, be confident that it'll work reasonably well and respond to voice commands and that kind of thing. So, um, and then you, you'll be able to sort of, I think, customize how the robot looks as well. Um, long term, you know, you can kind of shell or skin the robot however, however you like. So, for, I think there'll be a wide variation of wide variations in how the robots looks, you know, how the ot looks and, and you know, maybe like some third parties could could do cool things just like there's like cool third party um wraps of the Cyber truck at some really creative art, I think. Um, so the Cyber

trucks, like, even though it's, it ships as kind of like bare stainless steel, it ends up having some of the most interesting, uh, art in terms of how it's wrapped. Um, and so it's, you really, quite unique and, um, actually, I was talking to Farell, um, he was obviously very creative and, like, I think he has some ideas for, you know, doing a FEL version of an Optimus, for example, which is pretty cool to have like different artists come up with different, you know, version of Optimus. So, speaking of Cybertruck, I've had a Cybertruck since, uh, middle of February and I'm, uh, you know, I'm so used to FSD and you probably know, really, you really want the, I totally agree. I'm, I don't know if I could get special acts but either or more importantly for everybody, I'm just saying, I've driven 10,000 miles and it kills my soul to be driving the most advanced technology and I feel like I'm driving, it's still the most amazing test has ever made but

any updates on FSD with Cybertruck? Well, I think that should be coming out in August. So, to 12.5, two weeks, yeah, at some point, at some point in the next two to 4ish weeks, I, um, it should work truck. I, I mean, I'm sure, I'm not sure the exact timing because we just have to test it and make sure it works well. Um, so, but 12.5 is where a lot of things come together where you've got the, the high, you know, we upgrade the highway stack to be the latest version so it's, it's, it's, you don't have the Old Highway stack and the new city stack yet, you know, so having one sort of integrated state-of-the-art stack for Highway in city is a big deal and, you know, like little things like and you can wear sunglasses and still do the hands-off driving and and then having it work on Cybertruck, yeah, I mean, a friend of mine drove.

cyber truck all way halfway across the country, and he said it was driving him. It was driving him crazy that he could not turn on FSD because it was. We literally have uh people, I think, who drove from Florida Toronto in their cyber trucks. Well, not for uh, but just coming, um, from all over the US. And I think, uh, that's literally the one thing they were just like filling peasant status, even though this is the best product that Tesla has, uh, made yet. So yeah, it's great. It's a great product. So yeah, it should be very soon, um, so yeah, yeah. Elon, what other, uh, Future car projects are you most excited about? Is it the Roadster? Is it the robot taxi? Can you speak about what you're most excited about? Well, I think in terms of, of what will have the biggest impact in the world, will be the kind of the robo taxi dedicated Robo taxi, um, now of course, uh, old Tesla vehicles can operate or will be able to operate as, as a robo taxi, um, you know, pretty much all

so uh you but but yeah I think the dedicated uh R taxi will have single biggest effect in the world um the semi- TR I think will will have a very very big effect the the the roader is H you know one of those things that's not like necessary from a utility standpoint but it's super cool um so um you know I guess a friend of mine pet Peter teal is like you he would say like why why don't we have flying cars I'm like wait for it it's coming so I think it'll be super cool is it changed the world I don't know but I think like sometimes you just got to have things that are just cool because that's it's just it's just great to have awesome awesome you know things in the world so it it's kind of cherry on the cake um and um I think the Roadster demo will be mind-blowing I it might be the most it might be the most mind-blowing demo of anything ever wow so quick followup when

is that happening. I don't know if you could share that, but it's all good if, if you have to pass on that one. I think next year, next year sometime, and that, that's, that's a, you know, joint sort of, tless basx, uh, effort. So it's kind of applying, uh, Rock, you know, combining rocket engineering with the Tesla EV engineering, um, alien technology to make something really special. I heard it can fly a little, yeah. [Applause] Right, yeah, it'll be something special and, um, yeah, we'll continue to make, you know, new products that we haven't talked about at all. So, um, as, uh, you know, there's, there's new things that'll, that'll, that'll come out. Um, the really ultra profound thing is full self-driving, un, is unsupervised full self-driving. That's like the gigantic thing, um, and then Optimus having an autonomous useful humanoid robot, uh, is an even bigger thing than full self-driving, but those are the two things that, like, if you were look back.

in history from you know fast forward like 20 30 years or 50 years even like one of the things that really were profound it'll be um UNS supervised a general solution to unsupervised full self-driving um and a humanoid robot that is truly useful um even 100 years from now they'll be like whoa those are big [Music] ones. Elon you have a date on the calendar for the announce announcement uh and launch of the Cyber uh the robo taxi what can we expect from that well I can't give it away you know got got to have some uh you know you don't you don't want to give the show away before the show you know so I think it'll be just a tease I think it'll be I think it'll be cool I think people will be um pretty excited um and um yeah um it's it's it's like it's like I do Wonder like in the actual event itself will people how many people will realize how profound it is what we're

going to show. I think as some people will understand how profound, not everyone will, but it will be obvious in hindsight. So, um, I know we've been going 45 minutes. I just want to do a quick time check. Uh, do you want to keep going a little bit more? Or, um, because we're so grateful for five or 10 minutes more. Okay. So, yeah, everyone, uh, thank you, Elon, for your time. Um, one thing I wanted to ask you is, so you know we have, uh, you know, obviously the latest, uh, vehicle, the Model 3 Performance, or really the Model 3 Highland has been out. The Cybertruck came out. When you think of, um, just obviously even the future of Transportation, um, and obviously that's obviously where Fron comes into play with the design, but how does when you think of unsupervised FSD, how does that change the way you even approach tackling or building something like the future of transportation? And again, I know I don't have to throw the design aspect into it, but just when you think

of what is next. How does the future of transportation impact that? Well, you know, if you're not driving, then you're really effectively sitting in like a tiny lounge. And then, you know, having, say, you know, being entertained with being able to watch movies or play video games or work. Um, you can. It's really the car just becomes like a tiny mobile lounge. Um, that's, that's, or you could sleep, you know, whatever you want to do. Um, I mean, you could drink too, and you're not driving. So, um, so it's, it's thing like, it's like a little mobile lounge. It's, it's not something that you have to be, um, we have to be, you know, focus your attention on driving all the time. So, it's just, it's a completely different experience. Um, one cool thing I should mention is that that would be, I think, interesting down the road, is also for Optimus, um, you know, for people that have lost, uh, their limbs, um, that, um, that if you take Neuralink, um, basically being able to

control which the neuralink version one telepathy allows you to control electronic devices. Um, if somebody's lost their arms or legs or whatever the case, and attaching that and enabling, combining that with a neuralink would give them essentially, um, robotic limbs, kind of like Luke, I don't know, like Luke Skywalker in Empire Strikes Back, you know, where you got like a robot with a robot hand. Um, so I think that could be pretty incredible for people that have lost limbs, being able to have like a cybernetic limb. Um, and I think that'd be a cool, um, sort of combined effort between neuralink and Tesla. [Applause] Elon, there's, uh, there was some recent news on X about some candy announcements or something like that. No, I just, I don't know what that is. I was just joking about candy. So, um, so yeah, I have too much on my plate to add candy to it, I think. Um, so news, yeah, yeah, um, yeah, yeah, there's, I mean, it's

wild how much is happening in the world. I mean, there's stuff happening with SpaceX and Tesla, and all the advancements in AI. Um, a lot of advancements in Pharma as well. Um, you know, there's, there's a lot of interesting, like, kind of Miracle drugs coming along. Um, and, um, we're, we're certainly headed for, I think, the most interesting future. Um, I think we, you know, there's, we live in the most interesting of times. Um, and, um, you know, sometimes it's like easy to sort of, like, I don't know, get down about, like, some day-to-day event or political stuff or whatever, but in the grand scheme of things, we are living in the most interesting time in history, and that's pretty cool, yeah. Just, just on that, it's, you know, it's so easy to, I honestly don't know how you do it on a minute-by-hour basis on things that are just lies and things that are being said, um, but it's so important to have, you know, a positive mindset, especially as those attacks are

coming because if you're just depressed about everything that's just coming at you, it's just so hard to move forward. And so it takes people like you to um who are actually being a part of that change rather than just watching it from the sidelines. And so thank you for that. I mean just it's it's um one thing um I'll ask and then I'll I'll I'll maybe pass it to uh Kelvin for's question. So we have a lot of retail investors here um as we know um it's actually I I just want to say how amazing X is um and how some of the stuff has even worked in the backgrounds. I remember meeting um Amy stepin who was behind obviously um you know who her team that she she worked with to kind of like build a lawsuit obviously on the comp plan. I met her on an X bases Twitter spaces and we got connected. And she ended up on her podcast and and next thing I know she connects with Alexandra uh MZ uh Tesla Boomer mama and seeing

all of the work that's happening behind the scenes with what Amy was doing, and then what Alexandra was doing on the front facing um. But the question I wanted to have is, you know, when you think of retail investors and what it's meant to Tesla, you know, what comes to mind, especially again all the work that, you know, the community has done, Alexandria, the Ames of the world, uh, the Tesla Community, uh. But what comes to mind when you think of retail investors for Tesla? Well, I love retail investors, I have to say, um, um, because, uh, you know, I think retail investors, like, or like individual investors, are like, they're, they're like making a decision to, uh, support the company, and, um, and that's super appreciated, um. So, um, you know, like, we, I think we have the highest retail investor percentage of maybe any company, or maybe certainly one of the highest, and, um, I think that's really a good thing, uh. So, um, and, and I, you know, like, there's going to be sort of ups and

downs in the stock price for you know random reasons um but I I do feel confident that the long-term uh the company will be extremely high um the you know I think um you know the best analysis I've seen is like Kathy Woods company Arc invest uh they've been the most the most accurate in the past and um and it's just it's the you know the value the value of compan is going to be kind of nutty with um uh unsupervised full self-driving and um and with Optimus uh it's you know it's I I sort of Wonder ultimately what money what money will even mean in the future um because if you've got robots that if if the cost of goods and services are driven to almost nothing um I think we will you know assuming it's a positive future which I think it probably will be then we we're headed for an age of abundance um so um you know I do feel like like maybe that like Tesla's kind of in a phase right now like similar to what Nvidia

was in before Nvidia went. Nvidia stock weren't bananas um, and I have to say like Nvidia deserves the valuation they they've got, you know, they um, Jensen and his team have done an amazing job um, and um, but it really goes to show like the value of any kind of AI, a company that is strong in AI is it it's just going to be crazy um, and it will dwarf the value of of companies that do not have um, Advanced AI, uh, really will be profoundly different um, I I mean that's the simple sort of productivity kind of back of the envelope math for cars is that you know typical passenger car is about 10 hours of use a week call like an hour and a half a day for 7 days so it's about 10 hours um, but if it's autonomous uh, it's uh, it it could be used 100 hours a week um, now I'm not sure what the average usage would be but average use usage in autonomous mode might be 50 hours but certainly it could be used 100

hours of 168 hours a week. So that would be a 10x increase in the productivity of the car. But it costs the same. So if you just do the basic math on that, it's like, okay, now you go from like, I don't know, 20-25% margins to 90% margins. It's insane. Um, yeah. Um, and then that, you know, for cars that are owned by customers, they would obviously revenue share with the customers and the owners of the cars, I think I, I like, I, I think would earn quite a bit more than the Le cost or financing cost the car when it's in autonomous mode. Um, so yeah, just, it just, but if you just think of asset utilization efficiency and you go from 10 hours a week of a car to 50 or 100 hours a week and it's the same car, that's just, it's the biggest explosion in value, maybe ever. So, um, I had a quick follow-up but

again, uh, let us know. We can do a time check, but uh, you kind of were just talking about, um, just content and like one question I actually had. It was a follow-up, kind of a little bit to what you were mentioning and some off topic, but do you see it, um, do you foresee a rise in mechanisms to determine the authenticity of content and the validity of what is being said? Like I think that's in this future, right? I mean, it's, I see half the time I feel like I turn up YouTube and, you know, they're taking some your an interview from you and then you're randomly mentioning Bitcoin and, oh man, or I've seen interviews of us like people are messaging us from our interview back in, uh, May of 2022 and they're live streaming it like it's happening live. Like, wow, I, you know, look different two years ago with longer hair. It's like, but it's you talking and you're randomly, you know, the Bitcoin li, you know, real is going on the bottom. So, uh, what are your

thoughts on that yeah. I mean, I'm really, I'm not going to be promoting um crypto. So, if, if you know, at most in a joking way, uh, but I'm, uh, if you see me pumping crypto, it's not me, you know, uh. So, um, I mean, I do think there's some merit in, you know, Bitcoin and maybe some of the other crypto, and I'm, I sort of have a soft spot for Dogecoin, um, because I just like dogs and memes, um, but, uh, yeah, I don't know on the on the xplatform there, you know, pretty quickly things get community noted or there's in the replies, people say, hey, this is not, not real, um, so I think, you know, I think I, we can work to try to have Community notes, uh, surface faster, um, and also, to, if, if, if similar videos are, are popping up that, um, the community note gets appended to any kind of similar video, um, so, but I, I think it's definitely always want you be cautious about seeing any, if you, if you see, see a

sales pitch for crypto um I would double-check whether that is real. All right, Elon. Um, we want to wrap up with a final question for you, which is, uh, what are you most excited about regarding Tesla and SpaceX? Well, I think I've basically described it already, but um, the key for SpaceX is to achieve full and rapid reusability of the Starship rocket. This is really the Holy Grail of space technology. No one has ever made a fully reusable orbital rocket, so Starship is the first design that is even capable of that. Um, that this is an absolutely profound thing because a fully reusable, rapidly reusable rocket is the difference between humanity being a single-planet civilization and a multi-planet civilization. So that's gigantic, and I think we might get there next year. So that's a big deal. And then for Tesla, yeah, I mean, I want to count the chickens until they're hatched, and these are tough chickens, but but I think it's I think it's going

to happen next year. And then the General solution to self-driving um, that that is also an incredibly profound thing. And that's uh unsupervised full self-driving. This is that that looks like it's if it doesn't happen later this year, uh, it seems extremely likely to happen next year. Um, if you just plot the points in the curve of miles between interventions, that number is improving dramatically. So those are really the two Whopper things. And then as I mentioned for Tesla also Optimus, um, the Optimus numbers are like they're really just they're like so mind-blowing that you're like, is this is this real? But because I actually think the market for humanoid robots is in excess of 10 billion units, like more more than the number of humans, um, because people will each want one, and then there'll be others that are involved in industry and stuff. So, uh, you know, if if they do sell even at volume for $20,000, uh, that's that's 20

trillion. Um, so it's like, I mean, it's just bananas numbers, you know. Um, I yeah, I should say. So anyway, it's just, in Saye numbers, so we should hold on to their [Laughter] stock, yeah. Anyway, it's just, it's just, it's just really, really nuts. Um, I should say 200 trillion dollars. This is just an insane, insane number. Um, yeah, 20 $20,000 times 10 billion. So 20 trillion, 200 trillion. It's a lot. It's is like bananas numbers. So um, that's why like I wonder what does money even mean at that point, you know. Uh, so these things are like said there. They're so profound that they will be recogn. You're assuming when we do them. Uh, have to actually do them. Um, they will be recognized a 100 years from now, maybe a thousand years from now as, uh, as fundamental milestones in Civilization. That's, that's the level of significance we're talking about here. So should be held a couple years and thanks for your support guys really.

super appreciated if we can, uh, we would love to just get a virtual SL in person, uh, oh well I think you literally have a standing ovation happening right right now, um, yeah, it's crazy. [Music] Um, I feel like I can now say Elon actually danced when you're talking about the cat at The X takeover so but yeah thank you again Elon, uh, Kelvin I on behalf of our organization thank you for being at the X takeover for giving us literally about an hour of your time and more, um, thank you for the support of our community retail investors, um, and we appreciate all that you're doing for Humanity and actually, um, picking up the shovel and doing it all right sounds good thanks guys bye thanks Elon all right so

JUST RECORDED: Elon Musk Drops News About Tesla (X Takeover)

JUST RECORDED: Elon Musk Drops News About Tesla (X Takeover)