hey guys welcome welcome to the Tesla shareholder meeting and I I just want to start off by saying hot damn I love you guys yeah we have the most awesome shareholder base I mean it's just incredible any public company it's incredible wow um so and uh you know we've got a a great uh sort of shareholder meeting here uh to recap the achievements of the the company and and and tell you about where we're going and it's uh I think it's incredible I think we're uh not just opening a new chapter for Tesla we're we're starting a new book okay I think just based on vehicle autonomy we can we can 10x more than 10x the value of the company um I believe that's what will happen hey no it's just what what do you know it's it's it's 4:20 p.m. just noticed that and congrats to the Tesla team on making six million Vehicles all time so so I mean the Tesla Fleet is really becoming very substantial I mean it's going to be 7 million Vehicles by the end of this year over 7 million Vehicles by the end of this year

congrats to the Tesla team on making six million vehicles all time so so i mean the tesla fleet is really becoming very substantial i mean its going to be 7 million vehicles by the end of the year, and also 4:20 p.m. just noticed that.

congrats to the tesla team on making six million vehicles all time so so i mean the tesla fleet is really becoming very substantial i mean it's going to be 7 million by the end of this year over 7 million vehicles by the end of the year and also 4:20 p.m. just noticed that, hey no its just what do you know its just 4:20 p.m.

congrats to the Tesla team on making six million Vehicles all time so so i mean the tesla fleet is really becoming very substantial i mean it's going to be 7 million by the end of this year over 7 million vehicles by the end of the year, and also 4:20 p.m. just noticed that, hey no its just what do you know its just what will happen he y

hey guys welcome welcome to the Tesla shareholder meeting and I I just want to start off by saying hot damn I love you guys yeah we have the most awesome shareholder base I mean it's just incredible any public company it's incredible wow um so and uh you know we've got a a great uh sort of shareholder meeting here uh to recap the achievements of the the company and and and tell you about where we're going and it's uh I think it's incredible I think we're uh not just opening a new chapter for Tesla we're we're starting a new book okay I think just based on vehicle autonomy we can we can 10x more than 10x the value of the company um I believe that's what will happen hey no it's just what do you know it's it's it's 4:20 p.m. just noticed that

hey guys welcome to the tesla shareholder meeting and i just want to say hot damn i love you guys yeah we have the most awesome shareholder base i mean its incredible wow um so and uh we got a great uh sort of shareholder meeting here to recap the achievements of the company and tell you about where were going and its like i think it's incredible i think we're not just opening a new chapter for tesla we're starting a new book okay i think based on vehicle autonomy we can 10x more than 10x the value of the company um i believe that's what will happen

hey guys welcome to the Tesla shareholder meeting and I I just want to start off by saying hot damn I love you guys yeah we have the most awesome shareholder base I mean it's just incredible any public company it's incredible wow um so and uh you know we've got a a great uh sort of shareholder meeting here uh to recap the achievements of the the company and and and tell you about where we're going and it's uh I think it's incredible I think we're uh not just opening a new chapter for Tesla we're we're starting a new book okay I think just based on vehicle autonomy we can we can 10x more than 10x the value of the company um I believe that's what will happen hey no it's just what do you know it's it's 4:20 p.m. just noticed that and congrats to the Tesla team on making six million Vehicles all time so so I mean the Tesla Fleet is really becoming very substantial I mean it's going to be 7 million Vehicles by the end of this year over 7 million Vehicles by the end of this year

"WEBVTTKind: captionsLanguage: enhey guys welcome welcome to the Tesla shareholder meeting and I I just want to start off by saying hot damn I love you guys yeah we have the most awesome shareholder base I mean it's just incredible any public company it's incredible wow um so and uh you know we've got a a great uh sort of shareholder meeting here uh to recap the achievements of the the company and and and tell you about where we're going and it's uh I think it's incredible I think we're uh not just opening a new ch after for Tesla we're we're starting a new book okay I think just based on vehicle autonomy we can we can 10x more than 10x the value of the company um I believe that's what will happen hey no it's just what what do you know it's it's it's 4:20 p.m. just noticed that and congrats to the Tesa team on making six million Vehicles all time so so I mean the Tesla Fleet is really becoming very substantial I mean it's going to be 7 million Vehicles by the end of this year over 7 million Vehicles so um uh we have and our our Factory in Fremont is currently the highest volume Auto auto Factory in North America so and and we broke the prior ction record from when it was new me um so it's uh it's actually pretty wild there's a we have a giant car factory in the San Francisco Bay Area uh it's it's like it's not exactly the cheapest place to have a car factory um it's like that in the Swiss elves or something you know um U but but we we still managed to make uh you know great cars at high volume and that's a testament to the the great team we've got in Premont uh so congrats to the free1 team it actually gets way crazier uh when you think about the the Optimus uh robot which is really a humanoid robot that is intended to um you know be able to do anything you wanted to do to be uh you know it's uh your you know your companion it can be at your house it can sort of uh babysit your kids it could teach him uh be a teacher um it it you know it can do Factory stuff stuff like I I think that the ultimate ratio of you say how many super useful humanoid helper Droids do you want like who doesn't want a C3PO you know um uh you know but a c3p plus R2D2 plus you know Plus+ um it would be pretty awesome uh I think I think everyone in the world is going to want one I think we could make one for a cost of maybe at at at really high scale of about $10,000 it's it's it's smaller it's be less expensive than a car so uh and I think if you sold it for sell for $20,000 or something this is at Large Scale volume um Tesla would basically make about a trillion dollars of profit a year from that so yeah so it's pretty wild to just you know be in palto with a bunch of Cubes and then a humanoid robot just walks past um we've made it a massive amount of progress with Optimus in a short period of time from someone pretending to be a robot dancing in a suit uh to a pretty hodg pody robot to a robot that is actually doing useful tasks in the factory today um so we have two Optimus robots in our Fremont Factory that are doing basically this task which is taking cells off the end of the line and placing them in a shipping container and um yeah we actually have quite a few of these cruising around our offices in in paloalto uh so there's and and I think we've got kind of like one major Hardware revision which should be done by end of this year or early next uh before and and then we'll move into a limited production next year Optimus limited production for use in our factories where we'll test out the product kind of you know you know as I said sort of eat our own dog food or whatever the electronic equivalent all that is um so uh but I I think like next year my prediction is next year we'll have over over a thousand maybe a few thousand Optimus robots working at Tesla um and yeah a lot of people were saying this cyber truck is like fake it's never going to come out um you know and uh now we're shipping uh a lot of cyber trucks we we had a a weekly uh record of 1300 uh so and you know I think with the cybertruck it it really is something special like um know people sometimes have like different opinions on the Cyber truck but if you really want to know if there's a if something is is cool if it's if it's a great product like show it to a kid okay like no filter okay the kids got like no filter like a 5-year-old six-year-old something like that and or even three-year-old and say which car do you like cybertruck and we launched the upgraded 3 which is actually a fantastic car I recommend trying it out uh it's it's really a great car and uh it's only $216 after gas savings like total cost of ownership it's basically $20 and something dollars uh when compared to a gasoline car some like gasoline car so um it's it's really u a great deal uh and a fun car um and the performance model 3 Performance is well it's like you know fast than Porsche 911 um it's uh just a great great car so yeah so yeah um and of course mon became the best selling vehicle globally and this this is something that we predicted uh so uh you know I think I said in like 2022 uh it would Mal would be the biggest car in the world by dollar volume sales and that 2023 it would be the biggest in uh unit volume and it was um and again this year it will be the bestselling car on Earth so yeah obviously we' got some new new products that we're working on uh under the covers uh and uh I think these These are um I think these going to be pretty special so uh you know some of them I I think people at maybe at first may think oh it's not going to be that amazing but just wait it will be so uh yeah and Tesla's obviously way more than a car company um we you know we we do a lot of software at Tesla you know about I don't know roughly half the or a very huge percentage of the of the engineering we do is actually software engineering um so Tesla is I'd say as much a software company as it is a hardware company this is a very big deal because um car companies are not software companies normally uh so this this matters a lot so things like our aut Auto software for energy storage all the software that controls the cars the mega packs the power walls the solar um obviously for AI and and full self driving are big deal Insurance uh service and collision um the Tesla also writes a lot of software internally that uh that helps that like we call like the Tesla operating system internally that is Head and Shoulders above what any other uh company has I think probably better than any Fortune 500 company um the Tesla internal software is is just way better so it's yeah it's just a far more than what people normally think of as a car company um and Tesla is also the world the leader in real world AI so there's really um this is a big deal um like Tesla is ahe of of Google matter you know opening eye anyone on real world software actually look taking in video and making decisions based on video um no one can no one is even close um and it's getting better um I say with each passing month if not each passing week um so yeah and I think I think most people here have tried out version 12 um we did say like un sort of unsupervised full self driving full self driving would be version 12 so we we are actually just keeping the version arbitrarily at 12 and then like calling it 12.4 12.3 12.4 12.5 but it's actually really like version 13 version 14 but anyway this is an arbitrary designation um so 12.4 is actually like a whole different version than than 12.3 and 12.5 is a whole different version 12.4 um so you'll see really giant improvements I think sometimes factor of 10 improvements uh between successive versions with that uh thank you very much for your support um so so thanks guys\n"