$TSLA Conference Call Summary:  We set a record in production and deliveries in 2024, and Model Y is the #1 car in the world. However, we aren’t an EV company anymore. We are an AI company, and no company in the world is better with real-world AI than Tesla. In fact, we don’t even know who is second. We are investing heavily in robotics and AI, which will have tremendous implications down the road.  We continue down the difficult but achievable path that we become more valuable than the next five companies combined, and we will continue to lay the groundwork for that in 2025. 2025 will be a pivotal year for us, but we think 2026 will be tremendous, and 2027 and 2028 will be ridiculous.  You’ll see this AI come to life in 2025 with FSD and Optimus. FSD is no longer a toddler. It has grown up and can walk and talk.  The only people who doubt it are those who haven’t tried it. We think unsupervised FSD will be available in many places in the U.S. by the end of the year, but the main thing holding us back is just our own caution to make sure it is significantly safer than humans. We should have it nationwide and hopefully in most countries next year.  We are getting some interest in FSD licensing from other vehicle manufacturers, but once we go live with it, they will all want it. People who are looking in the rearview mirror are looking at past precedents, but there isn’t one.  It is an unbelievable point in human history.  Optimus has the potential to be north of $10 billion in revenue.  It’s bananas, and while it all sounds insane, we truly believe it.  We expect to ramp Optimus faster than anything else, ever. We hope to have 10,000 built in 2025, but we should surely get at least 1,000 out the door. You won’t be able to get your hands on them, though, because we will put them to work at Tesla. However, it won’t take long until we make 100k of these things per year. This is what the long-term value of our company will be based on. All of this takes energy, and the grid can’t handle all the AI, EVs, and robotics coming down the road, but that is because they don’t have any storage capability. Once they get batteries, such as our Megapacks, they will be able to handle much more energy demand.
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