Tesla Terafab Trillions - Elon Musk Derangement Syndrome

Kind: captions Language: en Hello, hello, hello, hello, hello. Thank you so much for watching. This is Warren Redlick. We're going to be talking about number one thing we're going to talk about at the last part of the video is Tesla building a Terraab, a chip factory. We're going to do some Tesla news. We just had the shareholder meeting and we're going to have the intervening period is Elon derangement syndrome. Just to give you a sense, you can see Elon here. This is where we're going to talk about Tesla news. If you're watching at the beginning and you're wondering where is what I want in the video. If you see this face, then we're in the Tesla news section. If you see Optimus, then we're going to be talking about um Elon derangement syndrome. Uh or the Elon cult, which you see here. And then if you see Lord Farquad, Lord Farcasad, uh we're going to be talking about the ter the Tesla terra factory. So I've got Farzad here, Lord Farcott here, but we're going to be talking about the Tesla terraactory if you see this piece. So just to give you a an outline of where we're going. So let's start with this clip from Elon. I think we may have to do a Tesla Terraab. [cheering] So it's like Giga but way bigger. Um, I I can't see any other way to get to the volume of chips that that we're looking for. I So, what he talked about there is I'm going to get into this in part three of this video. Again, you'll see Lord Farad when we're talking about that. Um, Tesla is doing a lot. There's a lot of news we're going to go through here. And with all the things going on with Tesla, one of the things is they're going to need a really high volume of chips. And Elon went through you. We've got TSMC making us chips. We've got Samsung making us chips. I think TSMC and three different fabs. Then we've got uh probably going to work out a deal with Intel to make some chips for Tesla. through the volume that Elon wants for the volume of robots they're going to build, for the AI data centers they're going to build, they just need more chips than the suppliers can make. So, they'll continue to buy chips from the suppliers, but they want to make more. So, I think a lot of people talked about um the the idea of Tesla building a fab to make chips before. The differences between then and now is now we have a really clear picture of the volume of chips that Tesla's going to need is just so large. And I don't think we saw the AI data center component like the they're probably going to send these chips out into space to you know orbit the sun for the cartef thing doing a fab earlier. Tesla wasn't producing enough products that would use chips in volume to use the full output of a fab. And um it's going to be massive capex and we're going to talk about that in part three of this video as well when you see Lord Farquizad here instead of Elon. So um let's just do some news first about what happened before or at the meeting or at the start of the meeting. Uh Tesla pumped out some news and some details I'm going to talk about a little bit here and there. 4680 supplies Cybertruck and will supply Semi and Cyber Cam. So that's news we didn't know. I thought CyberC was going to use lithium iron phosphate iron cathode batteries instead of nickel batteries. Um, it appears that Cyber Cab will use 4680, which means they do expect 4680 to be produced in very high volume. Hello Amy. Uh, hello William. Hello 144. Thanks everybody for showing up. Um, volume production of Tesla Semi designed for 50,000 units a year. I think they will hit that run rate at the end of next year is the hope. um scaled mega pack production across Laip and Shanghai to greater than 80 gawatt hours annually. That's a surprise. I didn't think they were greater than 80 gawatt hours run rate yet. Uh and apparently they are. And they're building the third mega factory in Houston underway. Start that will start production in late 2026. So my guess is that they're going to have a total between all three factories at that point of about 150 gawatt hours, which is a pretty big deal. and then wouldn't be surprised if they build another mega pack factory. I will still say as someone who's in Thailand who's thinking about building a house and installing solar and a battery backup, Tesla is very high priced for power wall. I think Tesla's high priced in America for power wall and solar, but not crazy high priced but in Thailand it's like three times as much money to get Tesla solar to get Tesla Power Wall compared to what you can get from the Chinese suppliers. So, I would love to see Tesla build a power wall factory in uh in China, but I don't know if that's going to happen. Hello, Robert. Thank you uh for saying hello. Okay, good morning. It's it's it's almost bedtime for me here in Thailand. Okay, so other news, Cyber Cab purposely built for autonomy. Production of CyberCap starting in April. They had a lot of information about CyberCap production. Um, I didn't see it, but I believe they showed the line and the unboxed process. And we're going to see more here, but um, Optimus is a reconfiguration of existing Tesla technologies, a hardware manufacturing. And then they say here at the bottom, pilot production line currently running in Fremont. They showed video of that. Um, significantly larger Gen 3 production line coming in 2026. Uh, Elon talked about that. I'll show you that in a minute. Um, we're also testing in our factories and office spaces for real-time use cases. And our goal is $20,000 cost of goods sold per robot at scale. That's lower than what Elon said at the All-In podcast. Um, and the All-In podcast, I think he said 25,000. You know, the the big one of the big expenses in Optimus is going to be the chip. If you're going to put an AI5 chip or an AI6 chip in Optimus as you as you scale, if that chip is expensive, then that adds to the cost. Now the bot only has one, the car has two, but that may uh you know going for 20,000 that's interesting. Do they hope by going to a terap they're going to scale production of chips to this to the point where they can actually get chips low enough cost to deliver a cyber an optimist for $20,000 cost of goods sold. Um I don't know how important that is because I think optimist if it's $25,000 cost of goods sold and you sell it for $100,000. I don't think that's that big of a deal but it's interesting. Thank you, William, on geothermal heating. Uh, we're close to the equator here in southern Thailand. So, solar is spectacular here and and we don't really need heating. I'm not sure what you meant by that, but we don't need heating in southern Thailand. It's like 80 like a low temperature is 80 degrees here. >> Um, and starting with building a million unit production line uh in in Fremont. Um, >> so that wasn't in the slide. Elon said, and I think we've heard this before, they are aiming for a million unit production line in Fremont that they're already starting to build that line. So, that'll be next year. Let me rewind this. Um, and starting with building a million unit production line uh in in Fremont. Um, and >> that's for Optimist, by the way. >> That's that's that's line one. Um, and then a 10 million unit uh per year production line here on the [cheering and applause] >> It gets better. Wait, >> I don't know where we're going to put the 100 million unit production line. [laughter] >> Maybe on Mars. I don't know. Um, but uh but I think it's it's going to literally get to 100 million a year. uh maybe even a billion a year. >> So Elon has talked about this before. the the value of Optimus is so high and if you could produce them for $20,000 a unit and then and you know keep in mind there will be additional gener like when when you get to 100 million units a year let's say or 10 million units a year you're on gen four or gen five of Optimus right but the value you know if it's able to replace a human worker but on two shifts instead of one and maybe on three shifts and the human worker in the United States was making $20 an hour. That's $40,000 a year for 2,000 hours. But it's working 4,000 or 6,000 hours. It's doing $120,000 of work a year. Probably works for 10 years. It's $1.2 million in value and it costs 20 or $25,000 to make. So that, you know, there's sort of this question like we don't really know the answer to the question. Like I think Elon believes you end up with sustainable abundance and you just have because that's what he talks about. You can see that's the the words behind him on the screen that there's basically unlimited demand for what optimist will do and that's where it goes. I wish he would leave California. Um I think that they have just addressing Amy's point here. Tesla has substantial capital ex capital invested in California and it doesn't make sense to leave California if what you're producing there is generating more value than your costs. So even like I've often said why do they continue to make Model S and Model X? I mean I love Model S and Model X but they're they're not really relevant for the country for the company anymore on a revenue generated compared to the whole company. You know they make I don't know less than 50,000 a year between them and they make 2 million cars but I think they're still making a profit on the line. So why not keep making them? I I I don't know. And then you have the 1865 cell that they use. None of the Tesla's other products use 1865 cells. So you have these battery cells, you have nothing else to do with them. You've everything's they're locked down. So you just make a little bit of extra money selling S's and X's. Um and then you have Lyre is a very productive factory making mega packs and um a lot of the engineers want to be in California. That's another thing like you want to be located where people want to be. So, a lot of the people who work for Tesla, like especially the AI engineers, they're in PaloAlto because they want to be there because it's kind of a cool place to live. Um, 14 Forces issues are Tesla will not be the only robot game in town and the regulatory environment may not favor robots across the country. It's not just across the country, it's across the globe. Um, Mark Anderson, uh, if if you're familiar with Mark Anderson, Anderson Horowitz, I think he created Mozilla, the one of the early internet browsers. um he said 80% of what robots are robots are going to do is already illegal in Europe. So um there are issues, but in terms of the only robot game in town, this is one of those things where I think people don't understand Tesla's advantage. You need a great hand. And I've watched lots of these demos of other robots. Nobody else is making a hand anywhere close to what Tesla's making. And the amount of engineering effort you This is where you have to understand who Elon is, what he does, and how he works. the effort to get the quality of hand that you need to do human level work. Nobody else is close to that. The real world AI that Tesla's developing which is massive lead because of because of the cars um massive lead because of the AI training uh computer cluster massive advantage because they have their own inference chip and then the ability to manufacture complicated objects at scale. Nobody else in the game has any of that. So you'd say, "Oh, Tesla doesn't really have a lead, you know. Oh, it's it's not a big deal. People will just copy them. Why hasn't anybody else landed?" Look, we're we're one month away from the 10th anniversary of Tesla of SpaceX landing its first orbital rocket booster. China has unlimited money and they haven't landed an orbital rocket booster yet. Jeff Bezos is as wealthy as Elon when they started and his company hasn't landed an orbital rocket booster 10 years. So if you don't see it, Tesla has a 10-year lead in real world AI. Um so let's see when will we see the results of Elon accepting his 2018 pay package. Um I believe the board awarded him about a third of that already and then we're waiting to see what happens with the Delaware courts. I'm not up to date on what the Delaware courts have done. I think the Delaware Supreme Court is still deciding that issue, but Elon's already got a third of that. Um, so I I I don't think that's that big of a deal. It's a big deal. I want to see Elon get compensated, but uh it that's going to pale in comparison to the the new compensation package, which we're going to talk about a little bit in the Elon derangement syndrome section of this video. Okay, so this is from the transcript. I just want to go through this. Um they had video of the initial of the prototype production line high volume production that which was a bunch of people putting together optimist bots. The high volume production line was very automated obviously. Um once we reached about a million units per year of sustained production or in excess of that I think the cost of production is around $20,000 in current year dollars. So this will be very affordable like I said. Now affordable in the sense that it will be affordable for them to build it. it might not be affordable for you to buy it because the demand from businesses is going to be very high for a long time. There's a lot of labor short people don't realize there's a lot of labor shortages. Number one, and I'm just going to tell you the story. I've told the story before. This is my napkin math on Optimus. Imagine you have a business like a warehouse or a fast food restaurant and you've got 10 people on a shift and the average employee makes let's say $20 an hour. Okay. If you're able to bring an Optimus in, and Optimus can't do everything that any one person does, but by having Optimus there doing a variety of tasks, you were able to go down to nine people on the shift. You just saved $40,000 a year on that shift. And if you do two shifts, you saved $80,000 a year. And if Optimus works for 10 years and never improves, you've got $800,000 of value created. Now, how much are employers going to pay for that? They're going to pay more than $25,000 for that. They're going to pay more than $100,000 for that. Netscape sorry the ancestor was it what did he call it Netscape or he call him ail I don't remember that I should remember that I don't anyway talking about Mark Andre so um Elon said I think optimist will ultimately increase the size of the economy by a factor of 10 or more you know when you have this technology it unlocks people think oh it's going to take away human jobs yes it will just give you the example of why it might not it might create more human jobs rather than fewer Imagine you have a roofing company. This is one of my favorite examples. You have a roofing company and you're putting solar on roofs, right? Solar roofing company. Maybe you're putting solar panels on roofs and you've got a job and you've got 10 guys on the roof. And now you put Optimus up there. You put five Optimus up there. You only need five guys on the job. And Optimus lowers your cost of doing the job because you save money on workers comp and you save money on paying workers and Optimus doesn't get in fights with his girlfriend and you know there's you know that you don't have all these problems that you have with workers a lot of times. Suppose it lowers your cost of doing the job by let's just say 30%. Okay. When if you've ever shoed for solar solar project for your house or for a business you know it's kind of on the line like is it really worth it for us to invest in this? What are the interest rates? It's it's it's not quite attractive enough yet for a lot of businesses. But if you lower the cost 30%, a lot of the cost is labor. You lower the cost 30%, you might 5x the number of jobs, the number of roofs that people want to have it done on. So you cut the labor force in half on one roof, but you 5x the number of roofs that the company does. So you've actually two and a halfx the number of jobs working on, you know, doing solar panels on roofs. That's an example of how this could and I'm just that's an example. There's many ways this could break out, but I think don't assume that it wipes out human jobs. It might create human jobs. Automated teller machines were supposed to destroy teller jobs. Teller jobs doubled because ATMs made banks so much more efficient. They built a lot more branches and they had the tellers upscale to up up the level of work that they did. So they produce more value and you actually double the number of bank tellers when everybody thought it was going to destroy the bank teller jobs. Mosaic the first graphic. Okay. Um okay. So um so next year we start production with Optimus version 3. So that's when they start they're going to start the million unit line next year but they won't ramp to a million units right away. Elon talked about that. Um, when you see Optimus 3, it will seem as though there's someone like a person in a robot outfit, which is how he started. Okay. Then Optimus 4 will come. Hope Optimus 4 starts production in 2027 and Optimus 5 in 2020. So, he's got an aggressive cycle of significant improvements and increases in the quality of the robot, what it can do, and the scale of production. So, you know, Optimus 5 in 2028 might be the 10 million unit line in Texas. Right? And Optimus, you know, we don't know when do they go to the 10 million unit line, when do they go to the 100 million unit line. And you know, if you think, well, everybody on Earth's going to want one, which it's not that simple. But let's suppose the average human wants one Optimus. Like, so some business is going to want 10, right? And there's a lot of poor people can't afford one. But if you assume that the average human wants one Optimus, that's 8 billion Optimus. If you make a hundred million a year, it takes you 80 years to make enough. And of course, they they die after 10 years. So you you have to so that's how you could conceivably scale up to a billion. And then you need them on Mars, you need them on the moon, you need them in orbit. Uh there's a lot of potential for Optimus to do a lot of things. By what metrics do we assess Optimus' readiness to hit the market? So my personal opinion is there are use cases today. My my another one of my examples is let's suppose you have a building that you want security on and you currently have 10 guys walking around the perimeter. You replace five of those guys with Optimus robots or 10 Optimus robots replacing five of the guy five of the guys, right? And all Optimus does is walk around and relay what it sees into center and to the other staff. Optimus doesn't engage, doesn't fight anybody. It's just walking the perimeter and observing. It's not. There's the there's a key distinction with Optimus. Okay. The the real value of Optimus is going to be number one navigating space. Being able to walk around in complex spaces, right? Cars already do that to some extent. Optimus will have to walk around in more complex spaces, but it's slower speed. So, it'll have more time to navigate. It won't be going 85 miles an hour with 4,000 lb or 5,000 lbs, right? It's 125 pounds going 5 miles an hour. So, the danger of it making a mistake isn't as big. But the big next level thing for Optimus is manipulating objects with its hands because the cars don't manipulate objects, right? So that's a next level that's like a probably 10x or 100x more complex problem to train for. Um, but there are use cases where Optimus doesn't have to manipulate objects and it's probably already commercially valuable in those use cases. And then there's simple things like you're in a warehouse and you pick up a box and move it over there. Um, some of these jobs are not going to be that hard and Optimus will pick it up quickly. And you know the I think the first the the the version three when they start producing them not fully ramped Tesla will be using all of them. I think they've said that the the first 50,000 robots will be inhouse and maybe they'll start partnering with somebody like Pepsi. They partner with Pepsi on semi. So maybe they partner with somebody like Pepsi and they use and some of their partners use them in warehouses or consider a cheap car with vehicle to load capability instead of power wall for your solar roof. No, I I think you mean vehicle to house or whatever. Um, no, we'll just get going power while you get a BYD. BYD and sell BYD and other Chinese companies make battery backups. Um, but the car isn't always plugged into the house, so that's not that's not a useful backup. Um, that's the Optimus picking up trash on highways and parks. I think we probably will see that. Okay. Hi, Jim. Okay, so we covered that. Let's move on. Uh the scale and vision of Optimus. Let me make this bigger and then we'll move it around. Um the scale of Optimus going to be something else. It's going to be the biggest product of all time by far. Bigger than cell phones, bigger than anything, but actually Optimus will be better than R2-D2 or C3PO. Okay. And so I think that covers Optimus. I think we I think we all know that history. So, a couple other things that came up in the meeting. The lithium refinery, which is in Galveastston, Texas. It's uh not Galveastston. Yeah, I think I think it's in Galveastston. Corpus Christie. It's in Corpus Christie, Texas. It's south of Houston. Um south of West Houston. Houston's so big. Um the biggest lithium refinery outside of China starting off at about 50 gawatt hours of lithium. So, that and we'll expand from there. So, 50 gawatt hours of lithium is a lot, right? because Megapac uh currently one megapac factory is about 40 gawatt hours of of batteries. So if they're going to do 50 gatt hours and they're expanding that means it's enough to do let's say the 4680 supply. Um and one of the challenges in the United States under Trump's tariffs is getting as much materials produced domestically as possible so you're paying less tariffs. Um and you got the cathode factory on site. Um, so you know they're they're making sure that from a supply chain standpoint they're resilient against national against potential geopolitical challenges. So Tesla has been ahead of this game compared to everybody else for at least a few years. I remember I was talking to somebody at Cyber Rodeo, which is three or four years ago now. One of the Tesla inside people was talking about supply chain and you've seen it in some of the other events that they presented how they have this whole logistics team and they're just way ahead of everybody else on making sure they've got a secure supply chain. Talked about 4680 production. Um 468 now Elon said maybe 4680 going to the dry cathode was a mistake. Um it would have been easier to do wet cathode but they are uh it does look like they're getting ready to scale it. Um will be used in cyber cab. It's being used in Cybertruck also in Optimus. So Optimus is going to use 4680. Um, and they're going to continue to get 4680 cells from suppliers as well. Take as many chips as our suppliers can provide us, but then beyond that, if they can't provide us incremental cells or chips, we have to make them ourselves. That's the Tesla semifactories. Be pretty cool to see these going down the road at scale. Sustainable abundance for all. Um, good morning, uh, G. Harris McGrath. Good morning. So, um, this is another big deal that I thought Elon said, I I was I was actually I feel like he might be sandbagging here. Elon says, "We're going to push to expand vehicle production as fast as we possibly can." So, aspiration, we'd aim to increase vehicle production by about 50% by the end of next year. So, uh, maybe we get to an exit rate at the end of next year around 2.6 6 million 2.7 vehicles annualized, then aim to get to maybe 4 million annualized rate by the end of 27, maybe 5 million by the end of 28. That seems low to me because if you're starting your cyber cab production line in 2026 and cyber cab production line should be producing 2 million units a year, are you only making one cyber cab line? Um, aren't you making one in China? Uh, are you growing Model Y and Model 3 production? Uh, you know, it seems like there should be more, but you know, I think Elon's being conservative. I think he may be sandbagging here. We'll see. Aspirational goals. That means we're not really going to achieve that. If you know Elon, when he says those are aspirational goals, that means they're probably not going to get there. Um, but the entire supply chain has to move in unison with that increase in volume. It's very difficult to get the whole supply chain on board with that kind of increase in volume. Um, but the new book, the new chapter for Tesla, the new book is massively increasing vehicle production and ramping up Optimus production faster than anything's ever been ramped up before in history. So, that's that's the goal. And just one other thing, there was a question. There's a lot of other stuff in the shareholders meeting that I'm not covering, right? I'm covering what I thought was significant that may have been missed by others because you know Steven Mark Ryan Farzad other I'm sure others have already done summaries of the the Cheryl to me I want to give you a perspective on things I think might not other people might not have talked about so we talked about space solar power which for those who know my channel for long term I started off with SpaceX and Tesla followed I am much more of a space I've seen like over 40 rocket launches I'm a SpaceX junkie more than I'm and I am a Tesla junkie right I have my third Tesla now and I've you know driven driven 44,000 mi in a plaid. I pro I who knows how many miles I've driven on FSD. No FSD here in Thailand, but um love my Model Y, my new Model Y, but I was a SpaceX junkie first and I'm still more of a SpaceX junkie. So, they talked about space solar power. It was a question from the audience, which I thought I'm surprised they didn't just say we're not going to talk about that because it's a Tesla meeting, but Elon engaged. Um, the cost of getting payload to orbit has been high. So, there's no possibility of safe space solar power solving anything. Now, with Starship, I see a path to Starship, cost per ton to orbit being lower than airflight. Um, and I've talked about this before, like if it's going to cost $10 a kilogram to send a payload into lower to send something into lower Earth orbit, that's less than the cost of sending like a FedEx across the country and it gets there faster. Um, that's pretty huge. Um, but he thinks solarp powered AI satellites, you know, and he talked, this is where he went Cardartesev. Okay, so if you're not familiar with Cardartesev, the Cardesev scale is Cardartesev 1 is using all the energy available on your planet. Cardartesev 2 is using all the energy produced by your sun or in your solar system. And then Cardartesev 3 is using all the energy produced in your galaxy. Right? So you're sort of skipping over cardv one doesn't really make sense because if you used all the energy produced on your planet you might cook your planet as that's tricky. Um and Elon talks about this if you the guy was asking like use solar p solar satellites and then beam the energy to earth and Elon said well if you produced enough energy in space and beamed it to earth you'd melt the earth right because if you get if you capture enough energy from the sun and you send that to earth you're just going to melt earth. So that's not a viable solution. Um, but you know, Elon's going straight for Cardesev 2 here. It It's going to take a long time to get there, but building satellites to capture as much energy from the sun as possible to power a network of AI satellites to build massive artificial super intelligence. Um, so that's that's one of the craziest things that he talked about in the event. Now, he's talked about this before. If you followed it before, it's not that crazy, but it does seem crazy. U 14 forces. I'm waiting to see the Blue Origin flight that is launching soon. We'll see. Um, sorry, I missed something here. Not letting me scroll up. Let's see. Jim Whitehead says, "Used Teslas are cheap. Trading hardware 3 Model Y for a used hardware 4, Model Y. Um, I don't [clears throat] know if Grock is correct about the retrofit camera kit, so don't don't count on that. 14 Forces, I doubt they need a million in 2026, unless the versions after 14. No, it's not that they'll have a million in 2026. It's that they'll start the million unit line in 2026. I think we're talking about Optimus. I'm not sure what you're referring to there, but you know, the it'll take a year or two to ramp Optimus. Optimus is going to be a challenging ramp because they've never done this before. Um Rob Marovich said, "Remember when the Tesla team said on box process vehicles be battery agnostic? Might be needed to grow vehicles." I think they still will be battery agnostic, but they will. That includes 4680. Um yes, he's adjusting for the slowest part in supply chain. I agree. Outsiders don't understand Elon time. 100% B. I agree with that. Um waiting to see the Blue Origin flight that is launching soon. We'll see. I think Grock is wrong. I think hardware for cars today are driving great at night. So, I don't know what you're hearing there. Jim Whitehead, what is your thoughts on Tesla investing in SpaceX? I think so. This Let's talk about this for a second because that's a really good question. I voted I abstained on the XAI question, which is effectively a no vote. I don't think Tesla should invest in other companies. You're going to see in part three of this video that um the capex that Tesla needs for the things that it is building are so great that Tesla doesn't have free cash to put into other companies and SpaceX doesn't need Tesla's money and XAI doesn't need Tesla's money. They don't have Elon doesn't have a problem raising money from investors. Um Harris McGrath says seems Roboaxi would completely take over the delivery service market giving the low No, no, no. Robo taxi will completely take over all vehicle transportation including cargo and passengers within about 10 years 15 years in the United States quicker China quicker some countries will be slow like Europe um Elon is logically seeing us as space civilization 100 years hundreds of years ahead pure Star Trek level yes absolutely rock may be wrong but it said hardware 4 yes grock is wrong hardware 4 is fine Um, do I think the chip fab announcement was a bluff that gives the chip makers a kick in the ass? No. I think we're going to talk about that in part three of this video. The scale of chips they need is just outrageously large and they can't count on others to supply them. It it's it's mindboggling how many chips they're going to need. Given all this news, including the tariff, what price target are estimating for the next two to four years? I don't do the use the word price target. Um, I think it's going to be really hard. I I haven't put my thought into what it does for the stock price yet. I actually haven't even thought about that question yet. Chip f will burn a ton of you. Will you when you see the numbers of how much this chip fab is going to cost, you're not going to believe it. Sitting on 5 billion. We don't owe anyone anything. We're sitting on 41 billion, I think. 42 billion. Okay. So, let's move on. We're going to talk now about um Elon derangement syndrome um and the Elon cult. So, uh, for those who don't know, I we have a cult. Um, I I frequently get accused of being an Elon cultist. You can see right here, Brandon Flash, who loves his Model Y, but calls Elon fans a cult. I think it was because we voted for the the compensation package, and so therefore, we're a cult. And I'll just say this plain and simple. Our Elon cult is better than your cult. Our Musk SAI, I love this one, Musk Saiia, has a bold vision for the future. What is he doing? He's curing paralyzed and blind people with Neuralink. He's making science fiction real. If you've ever if you've never watched a rocket launch, if you've never watched a fal uh if you have the opportunity to go to Cape Canaveral for like a week and watch the rocket launches and if you can time it so you can see a return a rocket booster returning to land or especially a Falcon Heavy launch and you see two boosters coming back, it's science fiction. It's real now. Science cars are driving themselves and rockets are landing. He's making science fiction real. We're gonna have a moon base and a Mars colony. This is this is the musk the Muskia vision for the future. Fast tunnels with robot cars. Sustainable abundance. That's a nice vision for a muskiah. Truth seeking super intelligence. Like what other super intelligence do you want? Universal high income. I'm not a fan of the universal high income bit, but that's Elon's vision and that's a good Musk sia type of vision. Fast internet everywhere. Starlink delivers that. Clean energy mega pack and solar deliver that and free speech from X. So, what's your cult's vision? What did your cult leader get done last week? I don't normally brag about this, but Elon liked this post. [laughter] So, um, and we're going to talk about some of these retards, retardos who criticized Elon's compensation package next. Um, we should get hats. Yeah, the cult. The cult needs hats. Elon cultist. I'm wearing my uh, this isn't one of my Elon shirts. I cheat on my diet, but I don't cheat on my women. I think that's fair. When I made the shirt, I didn't have The joke is I don't cheat on my women, plural. And the funny thing is when I made the shirt, I didn't have any women at all. Didn't even couldn't get a girlfriend. So, um, Joyce Carol, there's a I'm going to show you a series of people who criticize Elon's compensation package and criticize Elon in a variety of ways. So, this Joyce Carol and Elon replied I posted about this and Elon replied to this one. Uh, not to her, but to what I said about her. She said, "So curious that such a wealthy man never posts anything indicates he's enjoys or is even aware of what virtually everyone appreciates. Scenes from nature. He posts stuff like that all the time. Pet dog or cat. He has a pet dog that walks around Starbase with him. We've seen it on video. Praise for a movie, music, a book, but doubt that he reads." Like what did you do any research at all on Elon before you decided to tell everyone how stupid you are? Elon in the present in the shareholder meeting, he talked about the Ian Banks books. He frequently talks about the Ian Banks books. He frequently talks about Hitchhiker's Guide to the Galaxy. He talks about books about the Roman Empire. He talks about movies. I don't know that he talks about music much, but he dated Grimes who's a musician. Um I think I think he actually made didn't he make a a really lame techno song at one point? Doubt that he just like so stupid. pride in a friend's or relative's accomplishment. He congratulates Kimell. When Kimell does something, he congratulates uh what's his sister's name? Tula congratulates his mom. His mom does cool stuff. This friend, he's constantly saying congratulate. Bezos succeeds in launching a rocket. He says congratulations to Bezos. CC condolences for someone who has died. I haven't noticed it, but he probably has. Pleasure in sports. He doesn't like sports, but he he's been to some sporting events. A claim for a favorite team. I still think he's a sports ball guy. He's not into sports ball. References to history. He was on the history podcast. I forget the guy's name. He was on a history podcast. Like, he seems totally uneducated on culture. The poorest persons on Twitter may have access to more beauty and me life. Like, how stupid are you that you posted this without knowing anything about him? Like, did you like read the like, if you're so passionate about Elon Musk, read the Walter Isacson biography, right? It's not that hard. Read the Walter Isacson biography. It's so hilarious that somebody would post this much vitriol, this much nasty stuff about Elon and get it so wrong. I I it's it's borderline shocking that you would be this stupid. So here's another one. This one's a video. >> As you say, a million million dollars. That's an extraord >> nice teethordinary amount of money for someone who is ordinary or ordinarily the richest man on the planet. In any case, >> it's not money, right? It's stock. I don't think he can sell it for five years after he gets it. He doesn't have any of it yet. Boy, his teeth are really bad. This guy, uh, just really quick, his name is Tom Powril. Some interview with some London media outlet stewardship work for like his LinkedIn profile is like a string of buzzwords. It's like a buzzword salad. It it like and it's just so kind. You see these people like, "What have you done? What did you get done last week? Have you ever built anything?" Like this guy's never done any. My personal interest has always been in the S and ESG. This is a DEI ESG [ __ ] guy. Labor and workplace issues. How about making stuff? How about making people's lives better? Building things that people will actually use. But anyway, this guy's just unbelievably stupid. Does beg a belief that anyone needs that amount of money. What's particularly, you know, glawing about it is, >> okay, so let's be clear. Elon doesn't need the money. He's he said it's not about the money. It's pretty obvious he doesn't need that amount of money. Elon wanted this compensation package so he can increase his share of ownership of Tesla so he can have more control over the company so that when they build the robot army, he's confident that he has sufficient control of the robot army that retards like this don't end up getting control of the robot army. that Wall Street types or activist types like this don't get control of the robot army because who knows what they would do with it. >> You know, he's already had enormous incentive and it hasn't kept him even focused on Tesla, right? You know, >> the lie that Elon hasn't been focused on Tesla. If you haven't seen it, I would encourage you. I think it was on Diary of a CEO podcast. could have been Chris Williamson, modern wisdom, but uh Mark Anderson was interview Mark Anderson was interviewed and he described how Elon puts his time into his companies and the idea that Elon hasn't paid attention to Tesla is false. It's a very popular idea even among Tesla fans and Elon fans. They don't understand how Elon works. Elon has been putting a lot of time into all his companies. Yes, he was off busy with Doge at one point. Yes, he was busy with X at one point. But he has put a tremendous amount of time into all his companies including Tesla. He's very efficient at how he uses his time. He's very effective with his time. Not Tula. Um Tusca Tusca Musk I think. Yeah. Okay. That's her name. Let's keep going with with with Tom. >> He's been you know he's got himself involved in politics in the US. He's got SpaceX. He's got Grock. All these other things. And indeed just looking at Twitter this morning, all his tweets are about Grock, this AI company he's sort of set up. It's not about Tesla even >> because he has multiple companies and you know Grock is integrated into the Xplatform and Grock is doing some cool stuff like more stuff is happening with Grock right now than is happening with Tesla right now. Tesla's stuff is coming but Grock imagine is improving on the fly and people are using it and I use it. Um so you know he they had the shareholder meeting. What is he going to tweet about? What is he going to post about on X today that he didn't already cover last night at the event? He doesn't need to post about what he already talked about. But that's that's your oh he's not posting about ask Tesla today. What what's your point? Like he's run multiple companies successfully. What have you done >> after given this or shareholders approved this big award to him? He's not >> given this. It was given this given, not earned. See, these I'm sorry, I'm going to swear right now. These [ __ ] don't believe that anyone earns anything. They don't believe that a guy like Elon has earned it. And it it really sets me off. Okay, go [ __ ] yourself. You haven't done [ __ ] Go look at what Elon Elon has accomplished in his life and what have you accomplished in your life. You can't even get your [ __ ] teeth straight. I I really pisses me off. Not Albert Einstein. He's not Thomas Edison. This all the shareholders approved this big award to him. He's not Albert Einstein. He's >> Look, I love Albert Einstein, but what the [ __ ] did he build? Elon doesn't pretend to be Albert Einstein. And he says he's not Thomas Edison. >> Thomas Edison. He does not. >> Yeah. Yes. Actually, he pretty much is Thomas Edison on steroids. He's very similar to Thomas Edison if you think about it. And Thomas Edison is one of the closest analoges you can find to Elon. And then he Oh, here comes the the one of the dumbest motherh not Thomas Edison. He does not design and build robots. He gets people to do that for him. >> No. No. Elon like he he's very involved in the production of what his companies make. He's very involved in the software. He's very involved in the hardware. He's very involved in all kinds of aspects of all his companies. People have been saying this about Elon from the be. Oh, he doesn't do anything. He just hires people. Well, Jeff Bezos had more money, created a rocket company. Did Elon just hire better people by accident? Is that how do you explain that SpaceX has done like 500 rocket landings and Blue Origin has put one payload into orbit? Jeff Bezos had more money. Jeff Jeff Bezos hired people. Maybe Elon's better at hiring people, but maybe he's actually deeply involved in the engineering of his companies. He's deeply involved in the engineering of Optimus. And that's again, if you watch the Mark Anderson bit where he talks about how Elon Elon's method, you understand it better. But this idea that Elon doesn't do anything, Elon is Elon is very very involved in design and engineering of what what what Tesla does and what the other companies do >> build robots. He gets people to do that for him. Other people could lead that company and >> who who and let me be very clear about this, okay? If Elon left Tesla tomorrow, let's say the vote had gone against him or the board fired him. The top engineers of Tesla would leave quickly. Tesla would collapse. They probably would be able to continue making cars. They would probably continue to make mega packs, but the innovation would be gone. People top engineers want to work for Elon because he creates a great environment to do great things. Who you going to put? John [ __ ] Scully in there. Oh, you could you get somebody else to lead the company. You have no idea what you're talking about. And look, I' I've invested in Tesla heavily since 2016. That's like nine years, more than nine years now I've been invested in Tesla. I've invested my money. I've invested my time. I've invested my attention. I've invested my research. I know a hell of a lot more about Tesla than Turdball here. Okay, I know what I'm doing. I I approved this compensation award. I approved the last one. I approved the one, you know, I've been approving the compensation awards. Who the hell are you to say that I shouldn't be able to approve a compensation award for the CEO of the company that I'm invested in? Who Who is this [ __ ] guy? that other people could lead that company. And you know, you got to think as well with Tesla that his involvement in in far right frank frankly politics in in in around the world has inevitably reduced the amount of Teslas that gets sold. You can see that in Europe the amount of Teslas getting sold has reduced and part of that is because of the things he Tesla Model Y is the bestselling car in the world. How do you explain that? What's far right mean? Far right means he believed that men and women are different. that there's two genders instead of 740. That's far right. That, you know, terrorists are bad and liberal democracies in that Western civilization is good. What is this faright ideology that Elon espouses that really has Elon come out and said we should ban abortion? Because I haven't seen him say that. Has he said we should ban gay marriage? Cuz maybe is it far right to say that we shouldn't allow gender affirming care or surgery on children to to sterilize them? Is that really far right? Like this just these these I just get fed up with these people. But you know, buzzword salad. Look at who the who do these people think that they are, right? Social governance solutions, University of Humber. I've never even [ __ ] heard of Humber side. Who are who do you think you are to to talk this way? Just absolute freaking nobody. All right, we got more. We got a senator. Senator Retardo got no balls. Senator Retardo got no balls. Um complained about Elon. First of all, he mentions Emerald Mine Elon. Like that story is so old and so so proven wrong so long ago. Like what? But he's complains in in this post about Elon benefiting from tax incentives. But right here, he bragged about the Chips and Science Act is a huge win for Texas and America. Tech companies are doubling down on their investments in our state. So you wanted tech companies to invest in your state. You created incentives for them to do so. And Elon does so. And you complain about Elon benefiting from the incentives you created to attract him to your state. Retardo got no balls. I think it's Roland Gord Gutierrez, but I'm calling him Rardo got no balls. Um, Elon flipped on this guy. Here's Elon's response to this turd. Elon says, "You're a taker, not a maker." This is, I think, straight out of Einrand. Um, Atlas Shrugged. It's roughly out of rand. You're a taker, not a maker. All you've done in your whole life is take from the makers of the world. And that's true. This this politician, he's like he he actually Ricard Ricardo Gotnobballs is an immigration lawyer who's created like one job for like a secretary who works for him, I think. And his job is to help illegal aliens stay in the country. That's what his law firm does, right? The zero sum mindset you have is at the root of so much evil. But once you realize that civilization is not zero sum and that it is about making far more than one consumes, then it becomes obvious the path to pro prosperity for all is just let the makers make. So I just said makers make life better for all. Without makers we are doomed. The working class actually understands this. Again in book the workers understand the guy who runs the company is making a huge difference and they support him. But you get these leeches from outside who start saying this is wrong. So the work class understands that makers make. You have to get a lot of education to unlearn that. Um it's another one Neil Cybart remarkable how Tesla fumbled the EV market over the past two to three years. CEO turned off turned out tuned out a lot of percentage of his customer base with politics. That is just massively false. Did did he lose a few Democrats? Yeah. But if you look at it, what percentage of American car buyers care that much? 5%, 10% maybe? Well, what percent of them were going to buy a Tesla in the first place? It's a very small impact. And Model Y is the bestselling car in the world. How do you explain the customers are all turned off, but Model Y is the bestselling car in the world? It doesn't make sense. Um, not using hybrids as I I almost fell out of my chair when I saw this one. Not using hybrids as a bridge for ICE vehicle owners to transition to EVs was a mistake. Who? How dumb are you? Like Toyota started with hybrids. Look where they are. They're still on [ __ ] hybrids. Hybrids are not a bridge. H stale product line at a time when people are craving for a rethought design. Model Y is the bestselling car in the world. Is it stale? Is it stale to be the bestselling car in the They just refreshed Model 3. They just refreshed Model Y. Cybertruck is stale. Cybertruck came out recently. Model Y Model S and Model X have been refreshed. Model S is one of the fastest cars in the planet. It's one of the best bargains you can get for fast cars. Model XPlad similar like Model X Plaid is nothing like it. There's still nothing like it. Bad risk meeting of customers. Cybertruck is a giant flop. Uh, no. The problem with Cybertruck isn't a misreading of the customer. It's the price point. It's too expensive and and they're probably not going to be able to get the price down. And I think they said, you know, this was, you know, I don't think Elon would brag and say Cybertruck was a huge win. Moved into follower mode to Whimo with self-driving. Yeah. Yeah. Because Tesla adopted LAR. What are you talking about? We're still a long way from self-driving anywhere at any time. Like I I Hence Tesla's shift to humanoid robots which aren't anywhere close to being ready for mass market usage. Who are these people? I I don't understand. And why he's he's recirculating his essay why Musk should step down as Tesla's CEO. Yeah. Like look, I don't want my stock to fall 80%. I want Elon to stay. Thank you. It's really nice for you to care about my company that I've invested in. our company that we've invested in that you're going to tell us that our CEO should step down. No, we want our CEO to stay. If Elon stepped down, the stock would collapse. The company might collapse. Thanks. I I'll keep Elon as CEO. Thanks. Thanks for your help. [ __ ] Um, so many people I've seen, oh, Elon's getting a trillion dollars in C. Like, so Tesla has $42 billion in cash on hand fr