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[Music] 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 [Music] [Applause] ladies and gentlemen here everywhere online around the world outer space I'm [Applause] France and on behalf of everybody at Tesla welcome to we robot just want to thank Warner Brothers for hosting us here 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 all here what's up oh e [Music] [Music] [Applause] [Music] [Applause] welcome welcome to the Wii robot party so we we have uh we have quite a show for you tonight I think think you're going to like it uh as you can see I just arrived in the robot taxi the Cyber cab and uh there's 20 more where that came [Applause] from so they've been traveling they're all there's no people in

them as you can see the cars just going by with no people and we have uh we have 50 fully autonomous cars here tonight uh so you'll see model wise and the Cyber cab uh all driverless uh you'll 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 [Music] so so you see a lot of sci-fi movies where uh the future is is dark and dismal where uh it's not a future you want to be in so you know like

I I love Blade Runner but uh I don't know if we want that future I think we want that uh that duster he's wearing but uh but but not but not the uh the ble apocalypse uh we want to have a fun fun exciting future that if you could look in a crystal bowl and see the future you'd be like yes I wish I could be there now that's what we want so so when we think about transport today there's a lot of kind of pain that we take for granted that we think is normal

um like having to drive around La uh in like three hours of traffic um yeah and people that live in LA I mean you know try to get from Pasadena to you know Elsa gundo during rush hour is like you can fly to you know another City faster and you can get to cross town La so and you have to drive the whole way unless you're in a Tesla of course our Tesla already uh does quite well at this uh you know supervised self-driving so supervised full self full self-driving is actually working quite well I'm

sure there's people in the crowd you you're using that uh yeah so it we'll move from supervised full self- driving to un unsupervised full self- driving where the car you could you could fall asleep and wake up at your destination so uh but there's also a challenge for a lot of people that cars cost too much I mean when you factor in everything that goes into a car and the car insurance and the car payments and the storage of the car it's it's very expensive so with the and you say like how often are what

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 maybe maybe 10 times more so you could actually for the the same car would have five times as much value maybe maybe 10 times as much value it's it's there's 168 hours in the week and like I said only 10 of them I use for driving so and

then then a bunch of those hours are looking for a parking spot which is you know can be pretty annoying at times so so we want with autonomy you get you get your time back this is a very big deal so it's it's not just a sa like it it'll save lives like a lot of lives um and prevent injuries I I think we'll see autonomous cars become 10 times safer than a human um I me you think of times past were there were there used to be an elevator operator in every elevator uh but

uh once in a while they get you know they get tired and accidentally sh somebody in a half uh you know so 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 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 um now that's that's how cars will be um and and it's not just the lives saved in injuries but if you look at the 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 or or or watching a movie or doing work or whatever you want to do um you can think of the the car in an autonomous world as being like just a little Lounge you're just sitting in 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 so in fact we we I think the the cost of autonomous transport will be so low that you can think of it like individualized mass transit um the like the average cost of of a bus per mile for a city um not not the ticket price because that is subsidized but the average price is about a dollar a mile whereas the cost of uh cyber cab uh we we think probably over time from the operating cost is probably going to be around 20 cents a mile um and price including taxes and

and everything else probably ends up being 30 or 4 40 cents a Miley one so yes and you will be able to buy [Applause] one yes exactly U and uh we expect the cost to be below [Applause] $330,000 and I think there'll be an interesting um you know business model where like let's say somebody is an uh you know UB LIF driver today uh they where they can actually sort of manage a fleet of cars and like a sort of manage I don't know 10 20 cars and just sort of you know take care of

them like a like a Shepherd uh tends their flock you have a little your flock of cars and you're the shepherd and you take care of your a flock of cars I think that would be pretty cool um and um it's I think it's going to be it's going to be a glorious future it's going to be really something special so AV yes good all excellent questions um so we do expect actually to to start uh fully autonomous unsupervised FSD uh in Texas and California next [Music] year and that that's obviously that's with the model

3 in model Y and then we we we expect to be in production with the the Cyber cap which is which is really um highly optimized for autonomous transport uh in probably well I tend to be a little optimistic with time frames um but but in in in 2026 so yeah before 2027 let me put it that way um and uh we'll make this this vehicle in very high volume and um but well before that you will you will experience the uh a robotic taxi bya the model 3 and model y program and model snx

to uh but to the the model the the your 3 and Y will be will achieve U unsupervised full soft driving um with with permission in where wherever Regulators essentially approve it in the US and then and then to follow in outside the US so and it's cyber TR 2 yes of course sorry I don't want to beet yes yes all our cars are basically um old cars that we make so let's let's not get new on here um all right next [Laughter] slide so one of the reasons why or the the the computer can

be so much better than a person is that we have millions of cars that are training uh in on driving so it's like like it's like living millions of lives simultaneously and seeing very unusual situations that a person in their entire lifetime would not see but hopefully um yeah exactly so it's so with with that amount of training data it's obviously going to be much better than what a human could be um because you can't live A Million Lives um and it's also it can see an all dire simultaneously and it doesn't get tired or

or text or any of those things so uh it will naturally be like I said uh 10 20 30 times safer than a human just um for all those reasons um and and I want to emphasize that the solution that we have is is AI and vision so there's no um expense of equipment needed so the the model 3 and model Y and snx that we made today will be capable of full autonomy unsupervised um and and that means that a cost of producing the vehicle is is low um now we we are going to

actually over speec the computer for the Cyber cab uh so our ai5 computer um will be somewhat overspeed and uh 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 it it there's a potential there to have a massive amount of distributed inference compute where if you've got like say a fleet of 100 million vehicles and a kilowatt of efficient inference compute you have 100 gaw of of compute which is really quite substantial

um and uh if it's there you might as well use it so um yeah so that's that I think will make sense so all right so our autonomous future is is here um as I said we've got 50 tesas driving autonomously um we're trying to give you a sense of what what cities will be like in the future and uh when you when you get in you'll see like 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 um so and we

you know we have enough Vehicles here so everyone should be able to to try it out and uh experience this the set that we built here um it's a very big set so it's like really we we've used Ser uh I don't know 20 30 Acres or something like that it's really big so it's it goes on the ride's long um and we we set it up we set it up to feel like a like a ride like a park ride so it'll be it'll be cool uh and you'll get to experience it tonight something

we're also doing is uh and it's really high time we did this is uh inductive charging so the robot taxi has no plug it it just uh goes over the inductive charger and charges so yeah it's kind of how it should be thanks guys I love you too um so one of the things that like is really interesting is how will this affect this the cities that we live in and when when you drive around a city or when the car drives you around a city you'll see there's like there's a lot of parking lots

there's there's parking lots everywhere parking garages uh there and and so what would happen if you have an autonomous world is that you can now turn parking lots into parks and uh so from we're taking we're taking the in lot out of parking lot um welcome um so there's a lot of opportunity to create uh green space in the cities that we live in so I think that would be quite fantastic oh and uh also so what what what what happens if you need a vehicle that uh is bigger than a model [Applause] y the

the Roven the Roven is uh this is a we 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' be sick so this this can carry up to 20 people and it can also uh transport Goods so you can config good for goods transport within a city uh or transport of up to 20 people at a time so this is going to the Roven is what's going to solve for high density so if you if you want to

take a sports team somewhere or um you're looking to to really get uh the cost of travel down to I don't know 51 cents a mile then you can use the Roven some people call it the Roba van but uh so yeah um you know one of the things that we want to do and we've seen this with the Cyber truck is we want to change the the look of the roads the future should look like the future [Applause] so um speaking of [Applause] robots so everything we've developed for our cars the batteries Power Electronics

uh the advanced Motors gearboxes the the software the uh the AI inference computer it all actually applies to a humanoid robot so the same techniques it's just a robot with arms and legs instead of a robot with with wheels and uh We've made a lot of progress with the Optimus and uh as you can see we we started up with someone um in a robot suit uh sort of and then we've progressed dramatically year after year so if you extrapolate this you're really going to have something expect spacular something that anyone could own um so

you can have your own personal R2-D2 C3PO and I think at scale the you know this would cost something like I don't know 20 $330,000 probably less less than a car is my prediction long term you know take us a minute to get to the long term but um but fundamentally at scale the Optimus robot you should be able to buy an Optimus robot for I think probably 20 to $330,000 long to him so and and and what can it do it can it'll basically do anything you want so it can um be a teacher

babysit your kids it can walk your dog mow your lawn get the groceries just be your friend serve drinks um whatever you can think of it will do and yeah it's going to be awesome and I I I think this will be the biggest product ever of any kind yeah because I think everyone of the 8 billion people of Earth I think everyone's going to want their Optimist buddy and there's going to be some maybe two uh and then there will be they'll be producing products and services I I predict actually provided we to address

risks of digital super intelligence uh 80% will 80% prob probability of good a good outcome look on the right side um the cup is 80% full um the uh the cost of products and services will decline dramatically and basically anyone will be able to have any products and services they they want it will be an age of abundance the likes of which people have not almost no one has envisioned it will be something special so now one of the things we wanted to show tonight was uh that Optimus is not a canned video it's not

walled off the Optimus robots will walk among you please please be nice to the Optimus robots so you'll be able to walk right up to them and um they'll serve drinks at the [Applause] bar and uh you'll directly I mean that's it's it's a wild experience just to have humanoid robots and it's they're there they just in front of you uh so yeah with that um let's party [Applause] I love you guys too if you look at that gazebo over there let's get the party started [Music] [Music] what is baby don't [Music] hurtt baby don't

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