00:00 Speaker A
it’s the morning after Tesla’s closely watched earnings report. And as always, it’s a bit of a spectacle on social media with various hot takes on Elon Musk and his electric vehicle/robot/autonomous cab company. But the bottom line is this, I think. We just witnessed a more reserved billionaire Musk on the earnings call right now. That’s not being applauded. The stock is down on the news as investors wanted the usual bombastic Musk, but it should be applauded. Tesla’s building a chip plant, robot production lines, Cybercab production lines, all things that require a locked-in Elon, not the cartoonish Elon we have heard from in the past.
00:46 Speaker B
I’m with you. I think, uh, I thought it was well done.
00:48 Pras
I agree with you on the fact that, you know, the a reserved Musk is a good thing generally speaking, but I guess my my whole concern is that a lot of these timelines, a lot of these different points of view or or on on whether it’s robots, whether it’s the new power wall, whether it’s uh, whether it’s the um, you know, uh the chip factories. like a lot of vague timelines here. I think people like that because it’s cautious, but at the same time it seem it seemed to be we need a bit more concrete sort of uh things to kind of hang our hats on here. And I think that’s my only concern is that I want a bit more uh descriptive nature. I I want a bit more uh actual timelines for stuff because, you know, it’s like, we’re starting the Optimus robot pilot production, uh we’re starting the production of the factory part uh in Q2. Well, when is the robot going to come out? Maybe July, maybe August. So we’ll see.
01:43 Speaker A
But on a positive note here Pras, I know you’re a big car guy, you’re always driving around reviewing these fancy cars. The Roadster might be dropped in a month. Totally probably not going to move the Tesla revenue or profit needle. But I’m really excited to see this thing. I hope it has a big giant rocket from SpaceX on the back of it.
02:01 Pras
Yeah, I think I think you got to have these halo type cars to sort of show people the vision of the future and why, you know, Tesla the lower models are actually more exciting too, right? You need to see these cars. But but it’s not that that came out in 2019. That was announced back then, right? six years ago. So we want to see that like now. So maybe we’ll see it uh in the in the in the next month or so. Uh I’ll be very exciting to see that come out. But yeah, I mean look, it’s it’s the Musk playbook, right? You kind of overpromise and then you deliver eventually, but he does eventually deliver for the most part. and you you can’t be you can’t be upset if you’re a Tesla investor over the last five years.
02:37 Speaker D
What I’m watching is that roll out of the robo-taxis. We’ve heard them deploy out to about four markets right now, an additional five coming down the pipeline and I think that all eyes right now are also on that as they look to compete with Google’s Waymo. Also, you have others coming into play including Uber. And so right now investors want to hear more. They want to hear when exactly they’re going to roll out to these additional markets and how exactly like they do in other parts of the business including EVs or other parts of the auto industry like they do in EVs, they ultimately want to see Tesla come out on top when it comes to leadership in robo-taxis. and it feels as though recently Tesla’s been falling a bit behind behind them.
