8 interesting quotes from Tesla's call:
I can understand why bears think Elon is delusional. But the execution is unbelievably impressive. That's his MO -- set impossible expectations and when they fail, they will be much farther along than if he hadn't set those goals.
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I can understand why bears think Elon is delusional. But the execution is unbelievably impressive. That's his MO -- set impossible expectations and when they fail, they will be much farther along than if he hadn't set those goals.
⬇️
1/
"Lastly, thanks to $5.5 billion of GAAP net income in 2021, our accumulated profitability since the inception of the Company became positive, which I think makes us a real company at this point. This is a critical milestone for the Company."
"Real company" at $1 trillion 😅
"Lastly, thanks to $5.5 billion of GAAP net income in 2021, our accumulated profitability since the inception of the Company became positive, which I think makes us a real company at this point. This is a critical milestone for the Company."
"Real company" at $1 trillion 😅
2/
"So, it's -- the cars in the fleet essentially becoming self-driving by a software update, I think, might end up being the biggest increase in asset value of any asset class in history."
You can't fault Musk for being too modest 😁
"So, it's -- the cars in the fleet essentially becoming self-driving by a software update, I think, might end up being the biggest increase in asset value of any asset class in history."
You can't fault Musk for being too modest 😁
3/
"I think actually the most important product development we're doing this year is actually the Optimus humanoid robot. This, I think, has the potential to be more significant than the vehicle business over time."
The robot could be more significant than the car business?!?!
"I think actually the most important product development we're doing this year is actually the Optimus humanoid robot. This, I think, has the potential to be more significant than the vehicle business over time."
The robot could be more significant than the car business?!?!
4/
"If you think about the economy, it is -- the foundation of the economy is labor. Capital equipment is distilled labor. So, what happens if you don't actually have a labor shortage? I'm not sure what an economy even means at that point. That's what Optimus is about."
"If you think about the economy, it is -- the foundation of the economy is labor. Capital equipment is distilled labor. So, what happens if you don't actually have a labor shortage? I'm not sure what an economy even means at that point. That's what Optimus is about."
5/
"I think it really becomes quite a compelling solution to the consumer where you integrate the electric vehicles charging, solar, energy storage, hot water, HVAC in a very tight compact package that also looks good. It just doesn't exist."
This is pretty cool.
"I think it really becomes quite a compelling solution to the consumer where you integrate the electric vehicles charging, solar, energy storage, hot water, HVAC in a very tight compact package that also looks good. It just doesn't exist."
This is pretty cool.
6/
On insurance:
"We get direct feedback on whether driving is safe. And if they drive safe, their insurance cost is less, so they drive safer. It encourages Tesla Insurance with informatics and real-time feedback encourages safer driving and rewards it monetarily. It's great."
On insurance:
"We get direct feedback on whether driving is safe. And if they drive safe, their insurance cost is less, so they drive safer. It encourages Tesla Insurance with informatics and real-time feedback encourages safer driving and rewards it monetarily. It's great."
7/
"So, yes. I would be shocked if we do not achieve Full Self-Driving safer than human this year. I would be shocked."
See original tweet! :)
"So, yes. I would be shocked if we do not achieve Full Self-Driving safer than human this year. I would be shocked."
See original tweet! :)
8/
On robotaxi potential:
"I just do not understand how profound change this is. It's not like some little feature, select the most profound software upgrade, maybe in history. Millions of cars suddenly have about 4 or 5 times utility overnight."
On robotaxi potential:
"I just do not understand how profound change this is. It's not like some little feature, select the most profound software upgrade, maybe in history. Millions of cars suddenly have about 4 or 5 times utility overnight."
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