Tesla (TSLA) 23 Oct 242024 Q3 Earnings call transcript

Good afternoon, everyone, and welcome to Tesla's Third Quarter 2024 Q&A Webcast. My name is Travis Axelrod, Head of Investor Relations, and I'm joined today by Elon Musk, Vaibhav Taneja, and a number of other executives.

Our Q3 results were announced at about 3:00 p.m. Central Time in the update deck we published at the same link as webcast.

During this call, we will discuss our business outlook and make forward-looking statements. on and based today. as are comments our expectations predictions of These our with events materially uncertainties, risks in differ results including recent to mentioned Actual could of due or SEC. the a number those most filings and Elon [Operator remarks. some into opening has Instructions] jump Before we Q&A, Elon?

you. Thank

was QX. record So recap, Tesla same has achieved industry at was declines in that what saying, the to year-over-year something order deliveries. someone the as seeing volumes in time

the at fact, I'm my car best of I existing best company any to think there companies In division is not And no company, knowledge, was the of look no profitable. EV that company you to EV of is knowledge, my of any EV worldwide, if even -- profitable.

is environment, challenging a a Tesla profitable actually is So despite and QX quarter it automotive for us. record notable very this is that

seventh of actually it that produced ] amount immense Tesla. we yesterday, So in million X teams happen million [ the congratulations made cars. so work make our to the to staggering vehicle just That's

have a compelling video a actually walking but have very humanoid out with the working vehicles. Model whatnot. unit presentation phenomenal giving there there night. And the robots anyone steering Cybercabs wanted there carrying autonomous all we fully if meaning I know, or demand and manually is strong went way the to night business like the experience or Ys, not So were and of was entire growing a for no whole so autonomous those that for future, no a with that you vision no the had we an is storage canned he energy you among went that with And to -- XX wheel both XX, where laid we as and Tesla the worth incidents or XX people October the you Cybercab there accelerator wildfire to with on intervene Megapack that drinks Powerwall. And but people job and had all emphasizing did smoothly. thousands autonomously who future brake entire a an night, for see, operating team think additional were crowd the all There XX panels, an they option and very among anything craft,

in XX% think then starting feel to guess. of overcome lower-cost year growth million at year, factory year Cybercab but do confident advent year. estimate, volume risk something best a regarding growth XX% with big volume autonomy, it's risk think to ultimately. if production, can't deliver there's will at here, the majeure affordable think with vehicle or models So should still for bit war half something least of reaching reaching go out massive track volume And in And million reaching in our be aiming of but X production That be X force X the I give negative think XXXX. want vehicle or million next assume more in next for of people some next we starting in events, to Cybercab. I like the like business, maybe X that. at I rough the want we're vehicle notwithstanding 'XX, XX% like it's than take external -- that is This my I they do I a units should events, on production 'XX. And is year, to are of -- just production rates substantial, least units 'XX. breaks a first sky XX% probably interest growth a I sales majeure vehicles to high some events. But like Cybercab our some force which We of

So best The most ask work XXXX yes, are where it The me you competitive is best my approaching rapidly lines, best cell. cell the guesses, but XXXX my is point those are great these actually guesses. there. doing just the guesses the if my team is

which considered I -- we've several lot yet we're ideas of extremely landed So not cost there exciting. And kilowatt fully being the to than pack close other when you of cost quite maybe alternative, net we're tracking consider got -- in think beyond incentives go which the -- duties, battery U.S., the is landed most XXXX competitive, is a any but fully lower that. is fully to hour, the well a of be and per there, to

execute I So be amount Tesla have we cell will competitive testament the internally the of to work America, cost tremendous produced most -- we'll team. XXXX the the North cell think well, there the the there's -- in a done if by -- hard

we'll to provide say to tend our internally. just make continue to of to not -- that's to So -- lot cells I competitors. buy cells a from

And don't U.S. I most our obviously cell output it lot sort want likely will to competitive is good Tesla some output But and substantially here. We're of that our them storage of come think is in a I still the So need news most cells. to be suppliers. increasing vehicle internal the the stationary we so of from

interventions. significant really people miles autonomy, are So experiencing week improvements with the week, as respect there in from are cars between and the to to

So the new stack, are engine which driving stack the version the the of driving highway city a [indiscernible] code that combining is release so driving. Cybertruck, big for into with X and and single the XX.X improvement a highway and

will -- in sense release humor so that's also of FSD we're -- neural all soon. nets. here. And of later XX.X. of to we call. XX is elaborate going Version try out So a have it's the on that Smart actually just more And the

improvement at and [indiscernible] in a of see that So we XX.X. to looking whole, year think miles We or actually, the very we continue expect will dramatic be least the trend year, at year. to next a in miles expect as interventions to in the that's course between roughly X-fold And X- the compared improvement interventions, improvement

next human longer in the second next it's current but is third for quarter seems the total means the the quarter being [indiscernible] -- be FSD So to may year. next internal extremely of year, up expectation, it it Tesla which end expectation likely miles having

to Ashok, maybe do you want

miles having on miles release, by technology Yes. from network, this from critical critical this Elon beginning, XXXx be training interventions, mentioned year came by X,XXXx the from between capabilities, expect already XX.X the in year, in that software. then average, should this we cetera. compute, By made to vXX neural data, because of scale to of also more per QX improvements continue cross to end-to-end, higher And helped so the case. et starting that January we hope [indiscernible] partly even year production going the with frame with of improvement and hardware force, rate, the on. intervention we next over in we And

our I is just, that mean, internal unvarnished, estimate.

Yes.

sandbagging that's So or not anything else.

Our like internal drive estimate safer idea vast Model something then year rapid improvements a car. majority for with or is so be Tesla Model looks that human of continue like QX next thereafter. A could to it than especially to a humanity Y, X themselves of normal and has no

look X drive normal cars, normal. looks a to expect but you at look, itself. A able but the enough A Cybertruck be So are, and different. to different, they're car Model to Cybercab good-looking intelligent fairly Model don't looks be Y

normal to to looking But drive the a be expect to You don't it car able intelligence, fairly itself. have enough does. AI

people software, want the have to so roll significant seeing we'll So a in sort XX-day try people, to we're And we another a more every time do again. adoption. to significant expose trial of we improvement improvement to in we it that encourage and doing so -- are out

substantially, the event. Yes. So take the especially for has rate FSD XX/XX after improved

robotaxi to for there's experience wait or need autonomy. to no Cybercab So full

achieve vehicle year with that with the to expect our -- We next line. existing

look small We to it's X actually within be lots. of itself the to able wanted taste had drive user increased. then to to a already in to but of someone more smart the parking usage like, car terms quickly Currently, I it's billion going it's private what speed-limited gives than going

Tesla in already have offering actually the we Area, -- we Bay capabilities. Yes, ridehailing for and are employees we

can Bay do anywhere to take So you driver do not development have you safety it's a request can that? ride with it mean, developed. And app, want the but elaborate that. do you you We've to required We will a now actually, in David, Area. for on the and I

the that robotaxis. But that our a seat Yes, were year. blocks testing end-to-end functionality from as functionality, such sure. for And deck, because knew everything you just has customers of order We've showed it intending of to releasing our looks now cybersecurity navigation, synchronized, cars David. we've every that building shareholder rental going same, deliver the we're be the vehicle. on to some production, own your we but for to the We It's sharing would mirror screenshots used jump that this to years. It you it this QX of phone or it used those functionality that the All real. that and we've to needed right synchronizing sending what car yours. into, is deliver in or part build a and just need working future, we profile, navigation good we've for it been media, it's functionality to you car for somebody you so like whether the in from to a the car we about that to it happens it expect Everything one into, in to gave this so our we you features car meantime, that another customers is exactly deliver great the blocks thinking jump your that loaned single across in that positions, the built building been now. destination that

app, the so now something meantime. doing need something app, the for available ridehailing the we've for with the made but the customers the but on that released in route years. Seeing ridehailing you'll And a app, to that's again, it we in that mobile we're it's progress

we're early think building We've about this we're So been quite now while to long stuff excited network. just we're thinking stages our of out a get time, the about to the this starting for ridehailing right and there. it's like functionality not out

in year to the public. Yes. roll to Texas ridehailing next and out we And California expect do

Now -- a somewhere California approval quite is process. long there's regulatory

approval. least it's it's Texas available actually maybe subject get year but should then but available think probably California regulatory as have California, faster a states we'll -- Texas. other year upon regulatory so and and approval. And at I we definitely -- is some well, and to in in Texas next have contingent lot it approval next

would a at company manufacturing becomes that a a point. of sort I battery So That's really and exciting. profound than be think more change. Tesla that very vehicle

average of QX miles. for So roughly every vehicle we pilot published every compressed shows U.S. XXX,XXX crash which pack X safety the [indiscernible] that report,

So FSD it's U.S. to safety currently average. And we of training our showing relative and improvement XXx capacity continue the Optimus. expand to to accommodate the both a AI needs

of a software takes And training mistakes. is, FSD probably to getting A to getting it that find takes us not when figure big where take currently it the software better out the than make compute-constrained. a because are We to limiting out miles take a start is it so a [indiscernible] while is time mistake, good would actually long X to it while actually find makes to actually factors takes you the actually mistakes. it XX,XXX figure can of which them mistakes, while It neither to a B?

is figure on It's long Sort does to breaking So this high-class degrees very which human-like XX. is it's is double actually movement how exterior in fleet problem. Obviously, out. take XX it biggest a Optimus, a our And is the improvement giant and the missing tactile sensing. really in long AI very is a which freedom, showed having I better? prior production. the which and that for. us humanoid single scale for we then It's October humanoid next-gen And helpful robot shot. confident we factor of out is feel limiting mass advanced And version Optimus with that most to robots. Because things by high-volume other at -- the that moreover the missing so to only have it's companies to company really they're much saying a better what the all are scale really people that necessary they're has that brain, of missing the ingredients extremely we're

like the AI demos, some you to but high volume So localized numbers. impressive what the video very and see

a product a few viable Optimus will being [indiscernible] think on before, said that made. good so I've I be the think As we has ultimately part of occasions chance I most

shipping And run won't It now rate For the in terawatt a begin a hours reached a a XX that hour future. ultimately mean, [indiscernible] -- that's XX gigawatt quarter. that energy Tesla. And to a rate. will has to is with extremely hour storage next Lathrop we And year will gigawatt next long energy scale business, that multiple in factory that The I QX the ahead a It year out. gigawatt actually doing And run Megapack in well. we're XXX which so is be second week, order Megapacks stationary Shanghai XXX will have factory before sustainable to will grow, think, hours also at year per have year. I -- year

If the moving really you're not needle. terawatt not at scale, you're the

on at ask electric us there's trust still of complicated is that space I to it energy, of rare and in fundamental analyze which to civilization fully the is plan, material raw fully shared possible management would of enough some very And that too no were to energy a there power limitations, the little plan materials take take don't our using give be master enough all generation esoteric of we So sustainable I'll usage a sustainable We sustainable. One if all and is the batteries maybe think human but not civilization, that plan. We think last actually you dramatically have it with increased make master detail, transport. actually a of. us like and and sustainable completion situation of TLDR fully to very material way it have look much percentage scale. at progress its to

you're in power all power of X% sun, Level of got obvious long X, the less using than Level to it the Everything we've would think planet. X go, be scale, source Level all the by power a X. X so the sun. currently long galaxy else energy the becomes to would biggest far, [indiscernible] that is We're way be a the. you is So on using all in the way of and of go. When of terms,

team are objectives, building So transport, And and concluding, a if execute I is doing on others this focused And focused we right managing energy, on trends. on just think execution we're and Tesla Tesla to we're is is think Thank robotics operating and future of in again once shot. I will the incredibly a most for you. the tough world will, valuable my the is our an prediction the near-term We when become want future. long by probably strong AI. company around a the what building in approach. time we to forward thank environment, exciting Tesla looking

Vaibhav well. Great. has And Thank much, as very you some opening Elon. remarks

Thanks.

billion. were Our to business has or the demonstrate of QX results operating $X.X of which cash and generation record with evolved once again flows positive the scale

Our both automotive year-on-year. grew revenues quarter-on-quarter and

to growth, unit of we ASPs did experience reduction impact incentives. financing the While volume a due primarily we in had

and a million North actually of small in contributed for [indiscernible] these Cybertruck talked America, As and providing in cost the like using FSD reduction features other primarily banks to reminder, are revenue. We Elon the which we recognize third-party about institution these $XXX of incentives as revenues an quarter. upfront and incentives released financial like

that, see to this revenue to [indiscernible] X. of revenues elevated a and billion to if To so something on year. an be from far of this gives there regions. over with continue industry other come level, continues at learned levels what this by signal of We is factor China sales of to outperform a Europe And U.S. is expand in $X

is of leads. right strategy feel growth, acceptance and to we customers' affordable more build As EV that the compelling

our avoiding provide value, with much When financing compelling any talked believe on autonomy, continuing growing particularly in include options like software more. this had unit you and safety when also the controls, we're about, performance features, OEMs, buildup talked vehicles also and unparalleled consider better our you vehicle support To compare a lineup remains inventory. vehicle other we offer to while about functionalities, options, focus parental music David Ashok much of around Our in extremely strategy, volume what

on While a at existing more visible these is our lineup making just gap We with capabilities, with up both with there these times but every interactions an existing vehicle not awareness with even in owners. plan in our and discussed buyers release quarter-over-quarter comes volume, pricing localized margins and production as future and the freight overall region, which delivery a in marketing benefit Automotive of lower our result deliveries resulted in customers. improved in more Increase feature from before.

in Sustaining work the numerous these given and margins are Note current that cost per there out squeeze the within streams vehicle, experience. focused to company QX, on however, the be on will economic are customer without challenging, compromising environment. cost we

a hopefully rates, trend automotive there's majority helpful interest Yes. because in the if on -- vast I'm massive of a assuming demand this a a decline the helpful that's is macro has effect by is vehicles. continue to Can decline the -- with people which the So we'll they monthly demand in likely, afford is interest monthly rates, payment. most see driven helps of payment? affordability

industry trend rates, And that X longer, the Yes. an the U.S. we cars on mean, too. impacted interest especially is overall people of wanted that industry, in I in observed that having are of the being which because affordability actually because the impact is the

As earlier, customer an we quarter-on-quarter indicator of discussed to the in of not quarter. being energy fluctuate fulfilled, readiness, we demand due as deployments discussed necessarily within production orders, of location orders and back

end did fluctuation we inventory. deployment the decline of than expect deployments being that QX, record a were projects a in see QX sequentially our in XX%. more will through mix in margins Note we there to This in and with year. quarter. Energy a is of in year as than be double manage we QX While at deployed grow more of to last the function margins

we fill to we the as keep our demand. with doing quarter-over-quarter grow to continue slots, backlog XXXX and best up and our pipeline are Our production

talked squeezing can I and also on just that and other. which is said thing to we're is to that the is which sorry, I are what happening. QX, our of back is vehicle, cost. seeing on keep a talked share One about something I per that lowest want will I faced automotive we keep margins. before, going service coming we we But about other mean, in to trend we like to -- -- focused I continue very on. Then capable this of. we to, also about whatever which want Just cost

and both performance, will the of in We increases. show was includes This to fee-based growth a collision, continued and size merchandise improvements continue sales, it supercharging. service to These as part QX. in well better our in as result grow continue as overall revenues fleet

Our by declined and AI restructuring savings on these from operating ahead GPU efforts. We've basis. we investments. undertook our expenses One due end related to get year-on-year can and in the judicious our initiatives partially offset out GPUs is our schedule to Cost to thing before the using on in and to quarter-over-quarter making we're house deployed this track were are the This cluster based factory of like spend costs increase how utilize which QX. infrastructure started Texas by to of partially the saying elaborate best is on compute of further in I'd existing XX,XXX that really we month. AI and being

on on beginning a delivering event our at largely version. for in of $X.X the make compute. in excess sequential This CapEx expect the team we is the the front, to be that had it hyper-focused AI was shared efforts of in investments CapEx the our at reality. increase for are On quarter. now All billion underway about future We billion. We because The month. year the $XX the of Tesla to vision a

a to take and once While we've this I thank new team and all The and help. fragmented bright, Tesla find it again future technologies this incredibly as progress incredibly year, is complex regulatory want their landscape. will we achieved significant to time navigate for the get

Great. Thank you very much, Vaibhav.

investor go Now to questions. we'll

model it AI The product first Tesla track how align Elon mentioned on the your road still is earlier? X and is, as does with more affordable year to deliver by And map? next

has see we stage are said, map into the the our Part really road Vaibhav sell adoption which where well of personally-owned cost we that Sure. initial vehicles, lowers fits But of cost which bring vehicles those the next as an meet next lower road plan the to always vehicles -- to energy Ambition the AI EV in transport. is come the been of in. of and the I first is that as that, mean, our both the it getting increase today of Elon all current cost year. AI half of that's and robotaxis, in we as road EV of in is and map. on lowering of marriage sustainable that we into and really to map, where the

which It be incentive sub-XX,XXX with Yes. key of [ will ], like threshold. is a kind

when you car the expect can we Great. Thank Similar very much. to $XX,XXX regular give Tesla question us model? non-robotaxi next,

not breaking it on... We're

Yes, vehicles all [indiscernible] today our

is retrospect future electric nonautonomous obvious will horses. like is They're mean, So in I horse there a here going it's And not that is I years out gasoline I've think no that I -- that that be they're autonomous. to some that vehicles. It's niche. but using many a we're Yes, there clear panning actually very riding ago, is bone. true, future but my unusual. we've foot made the are strong very are the and vehicles believe be and autonomous this said belief be -- to

is electric autonomous. going And so be everything to

I this be, it this that is point, the think is like obvious frankly, at blindingly should future.

internalized companies, because of a this, not from for the lot in But the is long which to And most all future the automotive will accrue their So a future. it shouting companies such detriments of have will vehicles be autonomous. Yes. rooftops we're time. the in our of surprising

making X made, a really of fleet less we've Waymo's autonomy. they've vast -- the making million the So corners. majority entire almost than is to XX,XXX capable a week autonomous on than currently XX,XXX say all less we're the And vehicles week. We're of are vehicles, vehicles X,XXX that order

And our look cars normal. Yes.

the Cybercab, have to think to robotaxi, a abnormal. just respect I worth look look does going futuristic normal. also design with mostly looking, not a Yes, not something we the vehicle The And but with of of line, -- I special. hour cycle -- like times just like the not the is it same in this league the mean, other coming is Cybercab. per [indiscernible] than revolution car it's was manufacturing I'm Cybertruck in it's the something is it is lines, vehicle The Cybercab futuristic. It's saying, that -- manufacturing Cybercab, this what units looks same really and like league. especially wanted they not the even revolutionary

-- years by and factory. like -- I maybe it's be Tesla the just So said battery, hottest several the ago most that the a like

[indiscernible] Yes, can't reverse factory

Yes. It's evolving like we so our rapidly [indiscernible] technology. as -- manufacturing And we're

It having basically, pointless. anyway, we So would believe. like silly, think is $XX,XXX completely at with regular what a be odds I model

In cost we've mile done of vehicle. of with efficiency autonomous lowest matters that's that what per is the world, robotaxi. what And

manual, fully dedicated it's It's automatic a is per try to be a car, mile considered matters. to as cost going Exactly. as a is hybrid, car essentially autonomous not that And make what car. good if you

So is order just cost you and $XX,XXX, buy is if yes, autonomous. to you a will be optimize Cybercab $XX,XXX. for the on want. not you And will of exclusively roughly can to -- cost able have It X design so stairwells it you going

what have just So [indiscernible]

service long times question centers? Great. wait to Tesla The at alleviate is, doing next what is

best the the no service. So on we our don't before so We at even... believe really the service And affect at they factory is can solving aim source customers. even problems

that's thing. break, doesn't the best car The

and in And this the each And will sure of have size of this do do fix in same get year alone, the XX America, significantly the to year. and software, would maybe service what open field doubled issue upstream through Don't fixed to to nearly part. size we year make or to you we've partnered the we're test the QX at expand or work we've just issues. and remotely addressed last opened at at home location compared And the the additionally, see in North issue. looking with have we and QX And of total you locations.

Yes.

can centers was I it large of actually because labor. think like lot have having of service merit you a specialization of

factory-like types different have of in You should a particular repairs of can service. in you it it's Yes, start types approach. where And somebody lanes expert to be can than your way for for few easier more every become repair. dedicated

repairs. has us the with that lanes the helped of different the like, base This dedicated for type repairs, Exactly. heavy

And through treating really like it's it factory. a so

a the is service. OEM This rest where and the their a cars, we dealer dealer to a auto conflict of think, think strong a of structure, and traditional industry money the make model interest relative service of most I I Tesla dealerships Yes. there's the the advantage the with of bit we make cars because the model on and whereas where

we've servicing with because And -- servicing whereas obviously the assistance cost they feedback good got our service and And so we case, carry that reduce in to they cost. don't incented a cost, our we are cars. to reduce the

Yes.

as suggestions service people together, feel for manufacturing firsthand that with leaders design. factory, you factors from the sent for it With for the the it's factory to by the well see on engineering feel as

Yes.

versus this structural of the rest -- industry. Tesla a I So structural view auto the advantage a fundamental of as

for to identifying bunch to be do that work on diagnostics, done to software once before but order all be on of are a comes the it side omni in the aligning of the also needs work it worked very into necessary what the car and arrives. efficiently automating preparation service, resources all

tell the this service parts center do with So was everything technician and scheduled, can until like is me like wrong schedule, there, the the the lift are

Everything ready in the.

expects is Who and what's this me wrong.

that trying a to customer we're us translate, Instead and the car is directly telling pulling

advantage again, to this the need is -- like, compared to you of time, the the diagnose most when Yes, it car The don't industry. auto structural car the and fundamental advantage arrives. rest a technology

our like as do. because what for of most able the don't think are said look And Cybertruck, cars, we I -- it except much underappreciated it's has so same all capability. I that's why so to that to people before, realize

cars, futuristic. they're but not like obviously other super than Better

next the provide next question on much. is, growth the will very Thanks What and stage when please Great. ready? will update an The look like semi.

Sure.

you customers' something and on builds major the factory pilot of XXXX for first of -- an in and throughout Semi that on posted the will of So depend on released production the we're the track Reno. year half next flow as of expenditures data in largely build cash to growth starting really program, second the year with we're ramping our the full progressing all product. our factory our earnings production. half Semi in adoption we to start We've

don't think I to Well, we're going limited. be

a semi of really because Yes, is cost it's what a total of commodity like which

exactly. Yes,

We demand for of have the ridiculous kind Semi.

that about no-brainer. a per I to it's mile. It's do In spend where much how testing

Fundamentally, you've per Semi, got transport fully an Yes. that will doesn't considered electric lose. truck. cost per a mile It's a is ton than adopt Any of semi if diesel company better the not would want good a a we frankly, like like It's matter? truck. stat you thing. do old competitive it have semi whether if But an the we we to subjective made want

proving is this And partner. fleets so in our and

don't week to want actually go drivers Pepsi fact, In said last want [indiscernible] back. nobody you their

the we as gave that's Semi, soon choice. anyone at the electric As like

they want drive. to what It's

fun want a drivers. like they're like to yes. Well, That's -- Yes, drive. drive drive. senior, the super to to top so Semi. It's they It's thing Tesla they the get more

It's drive. easy also very to

it's easy like to a**. And and drive it hauls It's fast.

Super too fast. fast, maybe

speeding cars. here the but the Yes, I diesel like like, the seen you've Well, some in mean like can were as like like truck. that you fast like uphill videos

responsive. truck and floor it's -- the you It's like actually. So it

other only but And for and safety in that's drivers for the for on also the driver goods, benefit road. the terms of a

how year in and throughout hardware that all there is with and You of you're as the next all as the and like which the we're building this plays we've future, that that the don't situation the is onto stuck FSD, and not soon behind Semi, a couple how have. the we'll up, trained small is question, of the of FSD platform. to second deploy camera FSD necessary And a the been mean training in of currently the we fleet and get that neural into part hundred have deployed is get the be already that I we'll slowdown ones

be would the sort fatigue in improvement there knifing anti-jack mass driver mean safety. -- I got of because We've a software. driver Yes. and

if to energy than a brakes worry goes the pack. have the radically it's back because into you don't love and we about a It's it. go diesel what like like is that hill steep just down drivers generating your better You overheating --

Great.

Our Tesla incorporate next is when all in question and Grok X will Tesla vehicles?

these small generally, anything are the want relatively screen. I access improving available like And browser mean, so like keep on the I is But in expanding also you things. think the just you what we'll yes, in the can car. car

a watch need to wanted to thing, get you you want a autonomy, want once want autonomous fact, productivity if want you can for the you In to Internet, anything. Like actually if that is do you if want an questions, drive. fully want in you to browse full some you do ask you -- movie, AI a you don't can if system to do play to vehicle game, video if you Tesla, the because to anything

a Cybercab's the why great nice and big that's got So screen sound system. a

it, can you theater. personal It's watch movie you're moving So being in with. like a watch

this been Yes, functionality. why this is we've building

cars to all gaming and -- the you're -- to yes, because the that's I different of adding sorts other media what of built today. be car, going that's the applications that car will think

Polatopia really way, fun Fun Castle a tried in car. the people There's it. games haven't games, by bunch like the and and of

features at constantly commonly requested add paying and what most we're next to to our by what's looking attention customers. We're

-- want Castle, Play Yes.

year. mean that agreed X and for to unsupervised state have Great. vehicles? and X is, hardware Elon it The in Does next the question FSD next regulators in entire California mentioned Texas existing

As loves said California regulation. earlier, I

have they pathway. a But

there's approved something and mean, forms a branch of next next are of Obviously, approvals pathway. I'd the required. be that if year, and And don't California in out year a Bay towards not we and so but think I operates Yes. lot approval lot it's get get I just there's control. But Texas. will we beyond totally we Texas. California Area, shocked I Waymo a in California just mean,

is think important regulations. to I level FMVSS certifying the done like at the by a meeting reiterate it's in vehicle mean, this on I our U.S. federal

that regulations, today capable are to Cybercab the all regulations. vehicles there Our meet produced those

road the they state is said And but vehicle so the you no vehicle level limitation control what the of to at its deployment limitation, autonomous where is deployment. the

a Texas. mentioned, It's like states for longer. are always as take other relatively have you easy, little that Some may ones California

yet. hadn't up anything ones set The other

those so will And work in state the. we by on state

I autonomous do It to. should possible federal. be approved. Like a have think be we should should vehicles

Congress, if you're listening, let's get the federal AV

should There the Motor process approval to autonomous a for FMVSS has be federal vehicles. Federal mean, work I Vehicle how that's Federal started

Yes.

and and appreciate stalled kind it's helping then, -- would 'XX the when the looking since at it, I So but regulators support and is of really we would in started out XXXX mean,

are like a like partner Tesla. one, state-by-state autonomy. states. like state a just have is should needs not I'll It efficiency, like, government national some process help for that to moving. national approval insurance, try regulated state we things example, And U.S. And by think for of for just it incredibly But do to the it every to XX really this took make important. for be approval in I There's

what Great. XXXX? the for The plan next question is, is

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from that's, appreciate and think we I very much, have and we the forward look you, your next all for quarter. Elon. Thank that all time questions, goodbye. hearing you We today. Thank And to unfortunately, Great. you