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00:00 Speaker A
We’ve updated the Tesla mission to amazing abundance. Um, and this is uh this is intend intended to send a message of optimism about the future.
00:07 Speaker A
I think we’re um most likely headed to an exciting uh amazing era of of abundance uh and uh and and I think with the with with the advent or with the continued growth of of AI and robotics, I I think we actually are headed to a future of universal high income, not universal basic income, but universal high income.
00:27 Speaker A
Um, though though I mean there’s going to be a lot of change along the way, but but that is uh that is the that is what I see as the most likely outcome. Um,
00:36 Speaker A
So, so I think that’s uh that that that it makes sense to update Tesla’s mission to reflect that uh that goal.
00:44 Speaker A
Um, and um, and obviously along that way we we’re going to keep improving safety, driving down the cost of goods and um, and getting people access to anything they need uh without compromise. um, and uh still making sure that the environment is great, nature is great, and and people can have whatever they want, which seems like probably the best future. Uh,
01:05 Speaker A
I’m open to other ideas, but that sounds like it sounds like the it sounds like if you could say what is the best future you could possibly imagine, I I guess it would be that everyone can have whatever they want, including um amazing medical care, um, and and but we still keep uh, you know, the beauty of nature and and uh and Earth.
01:21 Speaker A
I think that’s probably the best outcome. Um,
01:24 Speaker A
and uh and we we’re seeing obviously the first steps along that way, um this year for Tesla, uh first major steps. um as we increase vehicle autonomy, um and begin to produce uh Optimus robots at scale.
01:39 Speaker A
Um we’re we’re making very, very big investments. So this is going to be a very big CAPEX year uh as Bible will will get into. Um, that that is deliberate uh because we’re making big investments for an epic future. Um, so I think all these investments make a lot of sense. We’ll continue to make sure that when we do spend capital, it is spent very efficiently.
02:00 Speaker A
Um, but but it’s it’s a lot of things. Um, you know, major major investments in in in batteries and the entire supply chain for batteries. Uh, so, uh, we’re also going to uh be significant manufacturers of of solar cells, um, and um, and we’re making massive investments in uh AI chips.
02:22 Speaker A
So, uh, but I think these all make a ton of ton of strategic sense.