WEBVTT 00:00:00.440 --> 00:00:03.197 You have a big fascination of something 00:00:03.280 --> 00:00:05.677 all of us have admired, first order 00:00:05.760 --> 00:00:08.237 thinking, which Genesis sometimes calls 00:00:08.320 --> 00:00:10.597 first order scaling. Which is an 00:00:10.680 --> 00:00:13.717 opportunity for you how you have dropped 00:00:13.800 --> 00:00:16.317 the cost of batteries from a thousand 00:00:16.400 --> 00:00:20.077 per kilowatt hour to sub hundred bucks. 00:00:20.160 --> 00:00:21.637 And right now you're doing the same 00:00:21.720 --> 00:00:24.677 thing with robotics for actuators with 00:00:24.760 --> 00:00:28.037 servo rotors and motors. So I want to 00:00:28.120 --> 00:00:32.717 hear from you how do you manage to always disrupt 00:00:32.800 --> 00:00:36.397 every single industry with that thinking? 00:00:36.480 --> 00:00:39.237 Well, it's mostly not disruption, it's 00:00:39.320 --> 00:00:40.597 creation. 00:00:40.680 --> 00:00:44.917 So with say SpaceX with uh 00:00:45.000 --> 00:00:49.037 reusable rockets, uh there really weren't any reusable rockets. 00:00:49.120 --> 00:00:53.757 Um but the essence of getting 00:00:53.840 --> 00:00:57.357 of revolutionizing space travel is reusability. If you throw the rocket 00:00:57.440 --> 00:01:01.637 away every time, the cost of access to space is extremely high. 00:01:01.720 --> 00:01:06.637 Um with respect to electric cars, there there weren't any 00:01:06.720 --> 00:01:10.437 electric cars when we started making them really. They you couldn't buy any 00:01:10.520 --> 00:01:13.517 to the best of my knowledge. Um so with 00:01:13.600 --> 00:01:17.677 Tesla we wanted to make electric cars compelling um and affordable. That was 00:01:17.760 --> 00:01:22.077 the goal. Um the you know with respect to humanoid 00:01:22.160 --> 00:01:27.317 robotics, there are no useful humanoid robotic robots at this point. Um there 00:01:27.400 --> 00:01:30.837 are sort of gimmicks, but there are not there are no actually useful humanoid 00:01:30.920 --> 00:01:35.277 robots. Um and I think Tesla's going to make the first actually useful humanoid 00:01:35.360 --> 00:01:38.717 robots. Um and this will be quite a revolution. 00:01:38.800 --> 00:01:42.197 And I think something that will that everyone will want 00:01:42.280 --> 00:01:43.957 uh because I was thinking like who who 00:01:44.040 --> 00:01:47.077 wouldn't want their own personal C3PO 00:01:47.160 --> 00:01:51.597 R2D2? Oh, yeah. Of course. Everyone would want one. 00:01:51.680 --> 00:01:55.437 Right? And and then there would be many in industry 00:01:55.520 --> 00:01:59.357 uh providing products and services. This is why I say that humanoid robots will 00:01:59.440 --> 00:02:02.557 be the biggest industry or the biggest product ever. 00:02:02.640 --> 00:02:05.317 Um bigger than cell phones or anything else 00:02:05.400 --> 00:02:07.957 because everyone's going to want one. 00:02:08.040 --> 00:02:11.957 And uh or maybe more than more than one and there'll be many in industry. 00:02:12.040 --> 00:02:17.117 Um I just want R2D2 in C3PO's body. 00:02:17.200 --> 00:02:20.997 Yeah. There you go. >> Um >> [laughter] >> well, to I mean a humanoid robot will be 00:02:21.080 --> 00:02:25.997 better than R2D2 and C3PO combined times 10. Yeah. So 00:02:26.080 --> 00:02:29.957 the it and and you know people often talk about 00:02:30.040 --> 00:02:34.517 uh sort of eliminating poverty and that kind of thing, but really the 00:02:34.600 --> 00:02:39.437 this how long have they been talking about that? Um there's lots of talk uh 00:02:39.520 --> 00:02:41.037 you know, there's lots of NGOs sort of 00:02:41.120 --> 00:02:46.557 trying to do these things, but but really not succeeding. Um and and and 00:02:46.640 --> 00:02:50.077 you know, the evidence speaks for itself. Uh but 00:02:50.160 --> 00:02:54.757 but but AI and humanoid robots will actually eliminate poverty. 00:02:54.840 --> 00:02:57.237 And Tesla won't be the only one that makes them. I think Tesla will pioneer 00:02:57.320 --> 00:03:00.917 this, but there will be many other companies that make humanoid robots. But 00:03:01.000 --> 00:03:03.917 there there's only basically one way to 00:03:04.000 --> 00:03:08.600 uh make everyone wealthy and that is AI and robotics.