[0:00:32] Statements made in this presentation are forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those projected. More details can be found in the written materials. Ladies and gentlemen, here, everywhere, online, around the world, outer space, I'm Franz. And on behalf of everybody at Tesla, welcome to WeRobot. Just want to thank Warner Brothers for hosting us here.
[0:01:22] As you know, this is the birthplace of many epic films, many of them depicting a vision of the future. We're here tonight to experience that future that is closer than you think. And who better than Elon, right, to show us that future? So it looks like Elon's on his way, so let's welcome him up here. The Wii robot party. We have quite a show for you tonight. I think you're going to like it.
[0:04:27] As you can see, I just arrived in the Robotaxi, the cyber cab. And there's 20 more where that came from. So they've been traveling. There's no people in them, as you can see. The car's just going by with no people. And we have 50 fully autonomous cars here tonight. So you'll see Model Ys and the cyber cab.
[0:05:09] All driverless. You'll be able to take a ride in the cyber cab. There's no steering wheel or pedals. So I hope this goes well. We'll find out. So you see a lot of sci-fi movies where the future is dark and dismal, where it's not a future you want to be in. So, you know, like, I love Blade Runner, but...
[0:05:49] I don't know if we want that future. I think we want that duster he's wearing, but not the bleak apocalypse. We want to have a fun, exciting future that if you could look in a crystal ball and see the future, you'd be like, yes, I wish I could be there now. That's what we want. So when we think about transport today, there's a lot of pain that we take for granted that we think is normal.
[0:06:19] Like having to drive around L.A. in like three hours of traffic. Yeah, people that live in L.A., I mean, you know, try to get from Pasadena to, you know, El Segundo during rush hour. You can fly to, you know, another city faster than you can get across town L.A. So, and you have to drive the whole way. Unless you're in a Tesla, of course. Our Tesla already does quite well at this, you know, supervised self-driving.
[0:06:48] So supervised full self-driving is actually working quite well. I'm sure there's people in the crowd, you're using that. Yeah? So we'll move from supervised full self-driving to unsupervised full self-driving, where the car, you could fall asleep and wake up at your destination. But there's also a challenge for a lot of people that cars cost too much. I mean, when you factor in...
[0:07:20] Everything that goes into a car, and the car insurance, and the car payments, and the storage of the car, it's very expensive. So, how many hours a week are cars used? Your average passenger car is only used about 10 hours a week out of 168 hours. So the vast majority of the time, cars are just doing nothing. But if they're autonomous, they could be used, I don't know, five times more?
[0:07:50] Maybe 10 times more. So you could actually, for the same car, would have 5 times as much value, maybe 10 times as much value. There's 168 hours in the week, and like I said, only 10 of them are used for driving. And then a bunch of those hours are looking for a parking spot, which can be pretty annoying at times. So with autonomy, you get your time back.
[0:08:20] This is a very big deal. It'll save lives, like a lot of lives, and prevent injuries. I think we'll see autonomous cars become ten times safer than a human. If you think of times past where there used to be an elevator operator in every elevator, but once in a while they get tired and accidentally show somebody in half.
[0:08:50] So, now we have automated elevators. You just get in an elevator and you press a button. And you don't even think about it. And it just takes you to the floor. And if you did see an elevator operator with a big relay switch, you'd be like, that's weird. Now, that's how cars will be. And it's not just the lives saved in injuries, but if you think about the cumulative time that people spend in a car, and the time they will get back, that they can now spend, well, I guess, on their phones.
[0:09:21] Or watching a movie or doing work or whatever you want to do. You can think of the car in an autonomous world as being like just a little lounge. You're just sitting in a comfortable little lounge and you can do whatever you want while you're in this comfortable little lounge. And when you get out, you will be at your destination. So, yeah, it's going to be awesome. So, in fact, we...
[0:09:53] I think the cost of autonomous transport will be so low that you can think of it like individualized mass transit. The average cost of a bus per mile for a city, not the ticket price because that is subsidized, but the average price is about a dollar a mile. Whereas the cost of a cyber cab, we think probably over time, the operating cost is probably going to be around 20 cents a mile.
[0:10:24] And price, including taxes and everything else, probably ends up being 30 or 40 cents a mile. So, yes, and you will be able to buy one. Yes, exactly. And we expect the cost to be below $30,000. And I think there will be an interesting business model where, let's say somebody is a Uber or Lyft driver today.
[0:10:59] Where they can actually sort of manage a fleet of cars and sort of manage, I don't know, 10, 20 cars and just sort of take care of them like a shepherd tends their flock. You have a little flock of cars and you're the shepherd and you take care of your flock of cars. I think that would be pretty cool. And I think it's going to be a glorious future. It's going to be really something special.
[0:11:29] All excellent questions. So we do expect actually to start fully autonomous, unsupervised FSD in Texas and California next year. And that's with the Model 3 and Model Y. And then we expect to be in production with the CyberCap, which is really...
[0:12:02] Highly optimized for autonomous transport in probably... Well, I tend to be a little optimistic with time frames. But in 2026. So, yeah. Before 2027, let me put it that way. And we'll make this vehicle in very high volume. But well before that, you will experience a robotic taxi.
[0:12:32] Via the Model 3 and Model Y program. And Model S and X too. But the Model 3 and Y will achieve unsupervised full stop driving with permission in wherever regulators essentially approve it in the U.S. and then to follow in outside the U.S. And it's Cybertruck too. Yes, of course. Sorry, I don't want to be... Yes, yes. All our cars, basically. All cars that we make.
[0:13:02] So let's not get nuanced here. All right, next slide. So one of the reasons why the computer can be so much better than a person is that we have millions of cars that are training on driving. So it's like living millions of lives simultaneously and seeing very unusual situations that...
[0:13:36] So, with that amount of training data, it's obviously going to be much better than what a human could be. Because you can't live a million lives. And it's also, it can see in all directions simultaneously. And it doesn't get tired or text or any of those things. So, it will naturally be, like I said,
[0:14:07] 10, 20, 30 times safer than a human just for all those reasons. And I want to emphasize that the solution that we have is AI and vision. So there's no expensive equipment needed. The Model 3, Model Y, and S and X that we make today will be capable of full autonomy unsupervised. And that means that our cost of producing
[0:14:38] The vehicle is low. Now, we are going to actually overspec the computer for the cyber cab. So our AI5 computer will be somewhat overspecced. Because I think there's actually also an opportunity, sort of like in Amazon Web Services, where if the car is driving for 50 hours a week, there's still over 100 hours left. And there's a potential there to have...
[0:15:06] A massive amount of distributed inference compute, where if you've got, say, a fleet of 100 million vehicles and a kilowatt of efficient inference compute, you have 100 gigawatts of compute, which is really quite substantial. And if it's there, you might as well use it. Yeah, so that I think will make sense. All right, so autonomous future is here.
[0:15:35] As I said, we've got 50 Teslas driving autonomously. We're trying to give you a sense of what cities will be like in the future. When you get in, you'll see it's really quite a wild experience to just be in a car with no steering wheel, no pedals, no controls, and it feels great. We have enough vehicles here, so everyone should be able to try it out and experience the set that we've built here.
[0:16:05] It's a very big set. So it's like really, we've used, I don't know, 20, 30 acres or something like that. It's really big. So it goes on, the ride's long. And we set it up to feel like a ride, like a park ride. So it'll be cool. And you'll get to experience it tonight. Something we're also doing is, and it's really high time we did this, is inductive charging. So the Robotaxi has no plug.
[0:16:40] It just goes over the inductive charger and charges. So, yeah. It's kind of how it should be. Thanks, guys. I love you, too. So, one of the things that is really interesting is how will this affect the cities that we live in? And when you drive around a city, or when a car drives you around a city, you'll see there's a lot of parking lots. There's parking lots everywhere. Parking garages. There are...
[0:17:16] And so what would happen if you have an autonomous world is that you can now turn parking lots into parks. And so from, we're taking the ing lot out of parking lot. You're welcome. So there's a lot of opportunity to create green space in the cities that we live in. So that would be quite fantastic. Oh, and also,
[0:18:00] What happens if you need a vehicle that is bigger than a Model Y? The Roboven. The Roboven is... We're going to make this, and it's going to look like that. Now, can you imagine going down the streets and you see this coming towards you? That'd be sick! So this can carry up to 20 people, and it can also transport goods. So you can configure it for goods transport within a city.
[0:18:41] Or transport of up to 20 people at a time. So this is going to... The Rovovan is what's going to solve for high density. So if you want to take a sports team somewhere, or you're looking to really get the cost of travel down to, I don't know, 5, 10 cents a mile, then you can use the Rovovan. Some people call it the Rovovan, but... So, yeah. You know, one of the things...
[0:19:13] What we want to do, and you've seen this with the Cybertruck, is we want to change the look of the roads. The future should look like the future. So, speaking of robots, everything we've developed for our cars, the batteries, power electronics, the advanced motors, gearboxes, the software, the AI inference computer,
[0:19:53] It all actually applies to a humanoid robot. It's the same techniques. It's just a robot with arms and legs instead of a robot with wheels. And we've made a lot of progress with Optimus. And as you can see, we started with someone in a robot suit. And then we've progressed dramatically year after year. So if you extrapolate this,
[0:20:26] You're really going to have something spectacular, something that anyone could own. So you can have your own personal R2D2 C3PO. And I think at scale, this would cost something like, I don't know, $20,000, $30,000. Probably less than a car is my prediction long term. It'll take us a minute to get to the long term, but fundamentally at scale,
[0:20:59] The Optimus robot, you should be able to buy an Optimus robot for, I think, probably $20,000 to $30,000 long term. And what can it do? It'll be able to do anything you want. So it can be a teacher, babysit your kids, it can walk your dog, mow your lawn, get the groceries, just be your friend, serve drinks. Whatever you can think of, it will do. And yeah, it's going to be awesome.
[0:21:29] I think this will be the biggest product ever of any kind. Because I think everyone of the 8 billion people of Earth, I think everyone's going to want their Optimus buddy. And there's going to be maybe two. And then they'll be producing products and services. I predict, actually, provided we address...
[0:22:00] Risks of digital superintelligence. 80% probability of good, a good outcome. Look on the bright side. The cup is 80% full. The cost of products and services will decline dramatically. And basically anyone will be able to have any products and services they want. It will be an age of abundance. The likes of which people have not...
[0:22:29] Almost no one has envisioned. It'll be something special. So, one of the things we wanted to show tonight was that Optimus is not a canned video. It's not walled off. The Optimus robots will walk among you. Please be nice to the Optimus robots. So you'll be able to walk right up to them and they'll serve drinks at the bar.
[0:23:09] And you'll directly... I mean, it's a wild experience just to have humanoid robots, and they're there, just in front of you. So, yeah, with that, let's party! I love you guys, too. If you look at that gazebo over there, let's get the party started. Midwest is currently prioritizing VIP rides. GA guests...
[0:41:25] Please make your way to our other amazing zones to board your RoboTaxi experience. Thank you.