1 00:00:00,440 --> 00:00:03,197 You have a big fascination of something 2 00:00:03,280 --> 00:00:05,677 all of us have admired, first order 3 00:00:05,760 --> 00:00:08,237 thinking, which Genesis sometimes calls 4 00:00:08,320 --> 00:00:10,597 first order scaling. Which is an 5 00:00:10,680 --> 00:00:13,717 opportunity for you how you have dropped 6 00:00:13,800 --> 00:00:16,317 the cost of batteries from a thousand 7 00:00:16,400 --> 00:00:20,077 per kilowatt hour to sub hundred bucks. 8 00:00:20,160 --> 00:00:21,637 And right now you're doing the same 9 00:00:21,720 --> 00:00:24,677 thing with robotics for actuators with 10 00:00:24,760 --> 00:00:28,037 servo rotors and motors. So I want to 11 00:00:28,120 --> 00:00:32,717 hear from you how do you manage to always disrupt 12 00:00:32,800 --> 00:00:36,397 every single industry with that thinking? 13 00:00:36,480 --> 00:00:39,237 Well, it's mostly not disruption, it's 14 00:00:39,320 --> 00:00:40,597 creation. 15 00:00:40,680 --> 00:00:44,917 So with say SpaceX with uh 16 00:00:45,000 --> 00:00:49,037 reusable rockets, uh there really weren't any reusable rockets. 17 00:00:49,120 --> 00:00:53,757 Um but the essence of getting 18 00:00:53,840 --> 00:00:57,357 of revolutionizing space travel is reusability. If you throw the rocket 19 00:00:57,440 --> 00:01:01,637 away every time, the cost of access to space is extremely high. 20 00:01:01,720 --> 00:01:06,637 Um with respect to electric cars, there there weren't any 21 00:01:06,720 --> 00:01:10,437 electric cars when we started making them really. They you couldn't buy any 22 00:01:10,520 --> 00:01:13,517 to the best of my knowledge. Um so with 23 00:01:13,600 --> 00:01:17,677 Tesla we wanted to make electric cars compelling um and affordable. That was 24 00:01:17,760 --> 00:01:22,077 the goal. Um the you know with respect to humanoid 25 00:01:22,160 --> 00:01:27,317 robotics, there are no useful humanoid robotic robots at this point. Um there 26 00:01:27,400 --> 00:01:30,837 are sort of gimmicks, but there are not there are no actually useful humanoid 27 00:01:30,920 --> 00:01:35,277 robots. Um and I think Tesla's going to make the first actually useful humanoid 28 00:01:35,360 --> 00:01:38,717 robots. Um and this will be quite a revolution. 29 00:01:38,800 --> 00:01:42,197 And I think something that will that everyone will want 30 00:01:42,280 --> 00:01:43,957 uh because I was thinking like who who 31 00:01:44,040 --> 00:01:47,077 wouldn't want their own personal C3PO 32 00:01:47,160 --> 00:01:51,597 R2D2? Oh, yeah. Of course. Everyone would want one. 33 00:01:51,680 --> 00:01:55,437 Right? And and then there would be many in industry 34 00:01:55,520 --> 00:01:59,357 uh providing products and services. This is why I say that humanoid robots will 35 00:01:59,440 --> 00:02:02,557 be the biggest industry or the biggest product ever. 36 00:02:02,640 --> 00:02:05,317 Um bigger than cell phones or anything else 37 00:02:05,400 --> 00:02:07,957 because everyone's going to want one. 38 00:02:08,040 --> 00:02:11,957 And uh or maybe more than more than one and there'll be many in industry. 39 00:02:12,040 --> 00:02:17,117 Um I just want R2D2 in C3PO's body. 40 00:02:17,200 --> 00:02:20,997 Yeah. There you go. >> Um >> [laughter] >> well, to I mean a humanoid robot will be 41 00:02:21,080 --> 00:02:25,997 better than R2D2 and C3PO combined times 10. Yeah. So 42 00:02:26,080 --> 00:02:29,957 the it and and you know people often talk about 43 00:02:30,040 --> 00:02:34,517 uh sort of eliminating poverty and that kind of thing, but really the 44 00:02:34,600 --> 00:02:39,437 this how long have they been talking about that? Um there's lots of talk uh 45 00:02:39,520 --> 00:02:41,037 you know, there's lots of NGOs sort of 46 00:02:41,120 --> 00:02:46,557 trying to do these things, but but really not succeeding. Um and and and 47 00:02:46,640 --> 00:02:50,077 you know, the evidence speaks for itself. Uh but 48 00:02:50,160 --> 00:02:54,757 but but AI and humanoid robots will actually eliminate poverty. 49 00:02:54,840 --> 00:02:57,237 And Tesla won't be the only one that makes them. I think Tesla will pioneer 50 00:02:57,320 --> 00:03:00,917 this, but there will be many other companies that make humanoid robots. But 51 00:03:01,000 --> 00:03:03,917 there there's only basically one way to 52 00:03:04,000 --> 00:03:08,600 uh make everyone wealthy and that is AI and robotics.