Elon Musk (9:02)
This is really going to be something that you'll see all over the place. And it'll also be autonomous or have the ability to be, to go autonomous down the road. So really, autonomy is a massive, massive thing. The future is autonomous. So I was sort of thinking like, what will the future look like in five years or 10 years, 20 years? And five years from now, autonomous cars are going to be everywhere. Primarily going to be Teslas, by the way, but autonomous Teslas will be everywhere. I think in five years, probably we'll have regulatory approval, I think globally. So you'll have autonomous Teslas on every continent, taking people on trips. And almost the entire fleet, which will pass 10 million vehicles next year, is capable of full autonomy. So even without the, the Cyber Cab, we still actually have a gigantic fleet that is capable of being autonomous. And the thing about being an autonomous car is that it can be used much more than a car that is not autonomous. A typical passenger vehicle car will be used about 10 hours a week. So you might use it, people might use it for an hour and a half a day on average for seven days, which is about 10 hours a week. But there are 168 hours in a week. So if you have a car that's a robot car that can drive autonomously, it can now be used potentially for 80, maybe 100 hours in a week. So you could have a car that has 10 times the usefulness of a non autonomous car, but it still costs the same. In fact, the fleets are already built. So the software update just enables that capability. Overnight you have an increase in usefulness of 10 million cars that suddenly become like 50 million cars or maybe 80 or 100 million cars of usefulness overnight. That's a profound thing. Like nothing like that has ever happened before. There is no analogy that there's no, nothing is. There's never been something where a software update increase the value of a gigantic asset base by a factor of like 500 to 1000%. So it's very difficult for like, you know, people in the stock market, especially those that look in the rear view mirror, which is most people, to imagine a future where suddenly a 10 million vehicle fleet has 5 to 10 times the usefulness. It's so profound and there's no comparison with anything in the past that they just can't. It does not compute. But it will compute in the future. And some people, like Cathie Wood at Ark Invest, do see the future. So what I'm saying is hang on to your stock. So, yeah, it's, it's really, it's mind blowing. Then I want to give a shout out to service. Service is a tough job, an important job, and it's actually what sells cars long term, you know, because the initial car is sold with sales, but all future cars are sold with service. And I always encourage our service team, like, let's try to give people a service experience that they love, not merely that they like, but that they love. Because people will talk about something that they love that was an amazing experience, but they don't talk that much about things that they like. You have to really do something amazing and then they'll talk about it and be like, wow, that's incredible. So thank you to the service team. For the great job you do. And I mean, you can see sort of. I like the sort of light map of superchargers. You can see you can go practically anywhere in. In the U.S. mexico, Europe, China, most. Well, I guess not the outback of Australia, but. But, you know, most of the places where people live. So our Supercharged network continues to grow significantly and we keep upgrading our superchargers. This is. In fact, I still run into a lot of people who don't realize that you can drive, you can take your Tesla on a road trip anywhere in America or anywhere in Europe, anywhere, pretty much anywhere in China just using the Tesla Supercharged Network. And it's actually easy and convenient. So people think that they're. Whatever the range of the car is, that's as far as they can go. Like, no, you can just stop at a supercharged network. The car's battery will last longer than your bladder. I'm pretty confident. So that's really the threshold. As long as the car battery lasts longer than your bladder and you just plug it in when you go to the restroom and you come back and, you know, grab a coffee or whatever, and you're back on the road and everything's good, then that's the range that matters and the supercharging speed that matters. So, yeah. So congrats to the supercharged team on expanding network. Do great work there. So. And then, I mean, the Megapack and Powerwall team are really knocking it out of the park. The demand for stationary battery storage is gigantic, and I think that is actually only going to increase dramatically over time. So. And we've got the Shanghai Megafactory that's got started in record time in February. Congrats to the Shanghai factory team there. That's awesome. And the Powerwall 3 is. It usually takes about three major technology iterations for a product to be great. And the Powerwall 3 really is a fantastic home energy product. And it's something that if you want to ensure that your home has uninterrupted power during a power outage, the Powerwall 3 is the way to go. And if you combine that with solar, you can basically be off grid, which is pretty cool. But I think just having energy insurance, like being energy assurance, such that if the utility goes down, you don't even notice, like, the lights are on your house and your neighbors will come to you for help, basically. That's actually what happens when somebody has a Tesla powerwall and there's a power outage. So that's a great product. And then, yeah, Megapack especially at the utility scale, is that the opportunity there is gigantic because it enables a utility grid to dramatically increase the output of electricity because you can generate electricity at night, and then Megapack can provide that electricity during the day. Because normal electricity demand is very uneven. There's lot of electricity usage during the day, but limited at night. So Megapack actually has the potential to increase the output of an existing electricity grid by more than double. So you can actually, without building additional power plants, double the total output of energy in a year. So it's quite a profound thing. Yeah. So Megapack is. Is also really good at stabilizing the grid. So if there's variations in power in the grid, the Megapack can absorb. If there's a big power spike, it can absorb and store the power. And then if there's a drop in power, it can fill in the gap. So Megapack is excellent for stabilizing the grid. And obviously it matches very well with wind and solar. In fact, satellites are just solar panels and a battery. That's how all satellites work. And with the Starlink satellite network, there's 7,000 satellites orbiting the Earth, and all they use is solar panels and a battery. And my prediction is, long term, a majority of power on Earth. In fact, eventually it might be like 90% or more. All power on Earth will be solar panels with batteries. That's my prediction. My predictions have pretty good track record. So. Yeah. And the power walls can also act as kind of a virtual grid. So if you have thousands of power walls in a neighborhood, they can actually work, work in concert to stabilize the grid. The V4 supercharger is pretty cool. It enables charging at 500 kilowatts and the semi can charge at 1.2 megawatts. So it's. And it's smaller and lighter. It's a big improvement overall. And we're rolling this out worldwide. So it will increase charging speeds and. Yeah, just enable you to get your car charged really fast. So. And then with regard to cell manufacturing, we were, at this point, we think we're making the most efficient cell in the world. Meaning like the. The lowest cost per kilowatt hour cell. So which is really pretty. Pretty good. Like, there are entire companies that all they do is make lithium ion battery cells. And for us, that's one of many things that we do. So congratulations to the cell team on making the best cell. So that's a really big deal. And then we're also investing in the whole battery supply chain. So we have cathode production, we have lithium refining and then more. Yeah, hopefully. We're sort of hoping someone else will do the anode. We might have to do the anode. I hope someone else does it. Why do we have to do all these things? A lot of people think like we do this thing, a lot of these things because we want to, but really it's often just because we didn't have any choice. Nobody else was doing it, so we had to do it. So a lot of new factory milestones. So in BERLIN we produced 660,000 drive units. Fremont, we built our first Optimus at the Optimus production line in Fremont. We're preparing for cybercap production here at Gigafactory Austin and Gigafactory Shanghai created its 3 millionth car. We've produced 160,000 Nax adapters at Gigafactory New York and we've got record battery pack production at Gigafactory Nevada. So congrats to everyone. We also, just behind us in the, on the south side of the building we have the Tesla we call Cortex 1. It's like basically a giant brain, computer brain that is used for AI training. So we take the vast amount of video that we get from all the cars in the fleet and we use that to train the artificial intelligence to be able to drive the car. And, and this is one of the most powerful training systems in the world with over 50,000 GPUs active and soon to be 100,000 GPUs which will make it I think probably top five in the world in training centers. We're also continuing to make progress on our dojo training supercomputer. So we've got Dojo 1 active now in Gigafactory New York and in Palo Alto. And it is actively working. It's actually taking load on. It's doing a meaningful percentage Well, I guess 5% or whatever, but it's still something 5, maybe approaching 10% of the training load of, of the self driving AI is being done by Dojo. And then we've got Dojo 2 that's coming down the line that'll be probably 10 times better than Dojo 1. And so it's sort of exciting. We're making good progress with Dojo. I'm increasingly optimistic about the future of Dojo. I think it's, we got a real shot here at, at a breakthrough. So, so congrats to the Dojo team. And the all Tesla vehicles have now had what we call autopilot hardware 4 or really our AI 4 hardware. And it's very powerful AI inference computer, but also at operates at very low power. And even to this day, even though this was a, this has been something we designed several years ago, there actually isn't anything on the market that we can buy that is better than AI4. So. And obviously in the future years we'll have AI5 and AI6. Sometimes people say, should I wait? I'm like, well, we're always going to have another version, so there's no point in waiting because you'll be waiting forever. So. But we obviously will have an AI 5 and an AI 6 and a 7 and we'll keep improving the AI compute. So for those out there that are interested in developing advanced chips, come work at Tesla. And it is always, I think, profound to watch our cars driving with no one in them. And we actually have the cars doing useful work for the first time with no one in them, which I think is really, it's a significant milestone. So the cars are driving from end of line in Fremont to park themselves. And I think we've just started doing that here in Austin. So we'll be. The car literally goes from end of line in Fremont to its destination parking spot where it gets picked up by a truck for delivery to a customer. And it does that with no one in it. And it's not doing that all day, every day. Like it, you know, pretty much like it's just a matter of fact thing. Yeah. So let's see. Yeah. And obviously for anyone that's using it, you can see the dramatic improvements in the, in the, in full self driving where it's getting to the point where interventions are extremely rare. And eventually I'll get to the point where there really is no need to intervene. Like the car is going to be better than human. In fact, maybe it's, it's worth emphasizing that it's not that. It's not that Tesla full self driving will be equal to humans in safety. It will be ultimately 10 times safer than a human because it never gets tired. It doesn't, you know, humans get tired and sometimes get wasted, you know, and we'll have arguments or change the radio or you know, text. I know no one in this audience would ever text while driving. That'd be crazy. But you know, it does happen. So the reality is that the full self Tesla full self driving will be vastly safer than humans. Not just equivalent, actually, vastly safer. And it means you can do whatever you want while driving. So even if you don't like rent your car out for usage, you can still. It frees up your time. So let's say you're driving 10, 12 hours a week or more. It gives you back 10 to 12 hours of your life, which is extremely cool. So. Well, Optimus sure has come a long way. So the new Optimus 22 Degree of Freedom hand and forearm is now in production. And it's learning to walk and catch balls. It's pretty cool. I mean, look at. That's where we came from. It's wild. So in a very short period of time, Optimus has gone from being an idea to the most sophisticated humanoid robot on Earth. There's nothing even close to the level of sophistication of Optimus. And Tesla has some important missing ingredients that others don't have, which is our robot has a real brain. It's like wizard of Oz, Tin Man. Was that a heart or a brain? One of the two. So it's got the real world AI. So it, Tesla's the leader in real world AI. What we learned in the car, we translate to the Optimus robot. And we also take the. Our expertise in electric motors, in batteries, power electronics, structural design. And then another major important thing is that we're very good at manufacturing. So in order for robots to be useful, you have to. They have to be, they have to be intelligent. They have to be able to do useful things just by asking, and you have to be able to make a large number of them at an affordable price. This is what we can do. We have. The only company with all the ingredients for making intelligent humanoid robots at scale is Tesla. This is a super big deal. Like, my prediction is that on this front is that Optimus will be the biggest product of all time by far. Nothing will even be close. It'll be, I think it'll be ten times bigger than the next biggest product ever made. Like that level. So. All right, so with that, anybody have any questions?