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or so. Two weeks, yeah, a couple of weeks, a couple of weeks or so, and we're getting the regulatory permission to launch in the area about Arizona and the number of at Florida, a number of other places. So as we get the approvals and reprove out safety, then we'll be launching the autonomous right here in Wislim country. And I think we're oubly have autonomous right handling in the half of the population of the US by the

end of the year. That's that's least a goal. Subject to regulatory proofs, I think will technically be able to it so it's being weird regulatory rubles. It's probably interesting half the population of the US at the end of the year. But we are very very cautious. We don't want to take any chances, and so we're working out, yeah, they'll go cautiously, but that's the service areas and the number of vehicles and in operation will decrease a hyberate

natural rate. So you add some other notable things word away and dream. We jam the best selling car in Turkey, Netherlands, Switzerland and Austria. It is I believe the best selling car already fived in the world still and the top of it. Autonomy is a is a big factor there, so give about even absent and people about supervised even even if it's just supervised, so self driving it's it's

a huge selling point. And it's worth noting that we do not actually yet have approval or supervised FSD in Europe, where so our sales in Europe we think will improve significantly once we are able to give customers the same experience that they have in the US. This is why this is I think a very important point to convey and we've been working with the Big Country regulator which is the Netherlands, and I think we're close to getting approval with Netherlands. Then instead of go to the EU.

It's quite a cockca esque, but to copa no idea that's looking at the EU coulds just beyond concas challenges with eurocracy, but it will. We will get the approvals and I think we'll get you know, some people in Europe will have an experience and out of the US in most of Europe this year, hopefully at least partially

in this quarter. And then we also have some regulator regulatory challenges in China which we're hopefully to unblocked shortly where we because we also cannot find super vice qusty in China currently, but we got to unblock that suit. And that's a student that's another major. It's really is

the single biggest demand drive. And then within the US, as we get confident about safety in different geographic areas, the we will loosen up on how much somebody has to be layer of focused to have the eyes layer of focus on the road, you know, because that's that's

been a common complaint. In fact, it does create an odd, odd safety issue where people will senders disengage or a pilot, then then do something change the radio or AMU look at the bone drivers their knee and then re engage water pilot, which obviously is not is less safe than simply keeping autopol on. So anywhere, get that that that

experience will will improve in the next several weeks. The because when I focus on Awestem with Dewain driver's seat, the production release of water Pilot is actually several months behind what people experience on a road tax and most so not Now we have the road tax that was launched will be provided adding back those elements so that they will be a step change improvements and the water Pilot experience or people outside of Worsting. This is really as you can tell, this is very much sort of

an autonomy. Is the story like we need the We need the physical product with that which you can dipatonomy. But once you have a physical product, you need the autonomy is what amplifies the value to stratospheric levels. You also launched the Tesla dina, which has been a huge hit. Actually got world wide attention, which is unusual for a dina that is don't typically get headline news around Earth. But this is a pretty special dynas and if you're

in the LA area, it's worth visitting. It's sort of a shiny beacon of hope and otherwise sort of leap up and landscape rightly. So it's really quite quite a lovely experience where don't played. There's little team there up on the pulls up garbage front. Continue to work about that. We have. We're continuing to make significant improvements just with

the software. So the we're expecting to increase the parameter account. Actually, at this point, I think we think we can probably ten x that almost tax the Pepper prim Yeah, roughly roughly ten x the prim account. So this is actually a very tricky thing to do because if you as you increase criameter account, you get you get to choke on every bad wind. But we currently think we can tenext the parameter count from what people are currently experiencing.

That's that's not just support x, actually ten x increasing in primary account. And yeah, so that's still a lot of improvement on the existing artware. To happen. Energy is growing really well despite edwards from tariffs and spirit suppliettery jodges the very package bagistic quickly and how we have ouprates the bagapact that will make it even better. And we had red board our powerful to plates and dat

H two. So where I think bat batteries are just going to be a massive thing, that that the scale of batteries battery deman is, I think not that many people appreciate just how gigantic the scale of battery man is. The way you think about it is that the US sustained power output of the U S grid is on one terrat wet, but average usage is less than half at tarot wet. If you add batteries to the mix, you can run the power plants twenty four to seven

ex soul capacity. That's double a more than doubling the energy output per year of the United States just with batteries. But that's again big deal. It's a really big deal.

There's nothing that's both the shelf that actually works, so you're going to design every motor, gear box, par electronics, control, electronics, sensors, the mechanical elements also got to train optimists to use its eleven sented sensors with a neural net, but will

be applying the same techniques that we're applied. Or a car which is essentially a four wheel robot, and optimist is a robot which arms and legs, so that the same principles that apply to optimize eight AI inferns are the car applied to optuments because they are both really robots in different forms. And Tesla, it is wortant to know the Tesla is my father best in the world at real world AI. Like a clear proof point that would be if you're compared to Tesla to way more

where it's got. You know the car is best doing with god knows how many sensors, and yet doesn't Google goodn't AI, Yes, but they're not good at real best part the Tesla is actually much better than Google by far and any much anyone at real world and and I and by far, Chesla has the best infernce efficiency. Like I think a key for AI is what is

the intelligence per gigabytes? People know about parameters blah blah blah, but I think, but about toil about gigabytes because with the parameters can have four bit parameters, eight bit parameters, sixteen bit parameters. But the actual constraints in the hardware are how many gig bytes run and how many gigabytes

per second he transfer from. Therefore, it is not the parameters straight, there's it isn't there's a byte straight And Tesla has the highest intelligence density of any ANI by far, and I have a lot of insight this with with x Ai. Xai is grock is the smartest of the I over but it's a BROP four is a giant beast there with the terrorbyte levels. And that's kind of an important to know. It telles that has the best collegian students intelligents density will be a very big deal

of the future. It is no so with Optimus three, which is really the right design, it's like it doesn't happen at this point, there's no there's a SIGNI think claws would be Octimist three design, but we are going to retool a bunch of things, so it's it'll probably be prototypes of Optimist three end this year and then scale production next year. We're going to try to scale Optimist production as fast as it's seemingly possible to do. So, try to get two million units a year as quickly

as possible. We think they give them less than five years. That's I guess that that's a reasonable aspiration. Is the million units a year five years? It seems like an indieval tarry A conclusion. So four twenty White has been breaks a year. A lot of major monstudents made clear launch progress in autonomy that a lot of Masaya said we would not achieve. It's worth noting that the we have done what we said we're going to do, and they were always on time. But we get it done

and there sitting there with egg on their face. So great, great, great progress by it tells the team, Yeah, I do think it tells continues to execute well with big autonomy and and the humor or what autonomy, it will be the most valuable helping in the world. There's a lot of execution between year and there. It doesn't just happen, it's about it excute very well. I think Tessant hasn't shown it being most company in the world obviously, I'm

stremely optimistic about future of company. Best way to break the futurist and make it happen maging. It happened here with those team. So I'd just like to say thanks to one of our supporters, and I think we're get to tell you incredibly exciting future. I think it's it'll be available for vice personal use by the end of this year and certain geographies. We're just being very careful about it and we're just being extremely partner. But I would be a copy of that by the others year

within a number of cities in the US. We will, we will, It'll be available to edge users like the Optimist. Optimist three design, as I mentioned earlier, is I think finally the right design. They'll wait for the optimizations, but they're will. I think they're fundantal changes too that are needed. Over the Optimist three design. It has all the degrees breedom that you really want or need, so it's you.

I'll have bonotypes of that and three three months and means suctually in production postimply start production on that next year the production round. Simple stories conflict the s cove up your production around. Something is got an entire when everything is new, because the rate of production will move this fast is the least lucky and least confident elements of the entire supply chain, as well as internal processes.

So the more new STU that is a in a product, the slower than the rank could be because of unexpected supply chain interruptions or mistakes internally. Especially using it to predict through the end of the of the escove or or late in the S curve. In the beginning of the ESCO and the beginning of the ESCO of the production round is a case not really materials for revenue purposes. The beginning of the ESCO, you're usually yours negative course, Morgan,

you're debuting amount of issues. So that's why it's it's I feel like fairly confident predicting things. Well, please medium confident in predicting where we are five years, but it's hard ricked where we are in a year or two years. So that's why I think five year us I think it could be at the living with our be surprised at the end of five years, sixty months from now get three online roughly making one hundred thousand Optimus robots

in month in sixty months, I would be shocked, I think, obviously. Yeah, we're a publicly treaded company. Sure Holders are welcome to put forward any shareholder proposals that they'd like. I recently encouraged that, and then have shareholders vote and we'll act in accordance with the shareholder wishes. Great. Yeah, there's a

lot of exciting things happening in the science studio. It's like static and really what's going to happen over the next to several years is a fundamental transformation of the company from the pre asolomy world to a post autonomy and I'm working on a near master plan to articulately that tells the team and you know there will there will be there are some teething pains as you as you transition from pre pre aufineries vote autonomy world, but

I think that the future tells it is incredibly exciting and will profoundly change the world in a good way. Please sound like fiable whatever, but I think we'll let's just say if we execute on that plan effectively, which is you have to actually do that because it will be the most vaguable company in the world by far. Are two. We expect to have Dojo to operating scale SubTime next year, with scale being somewhere around one hundred

k a twelve hundred equivalents. And AI five, which is really it's spectacular use those words likely spectacular to the A five Childen being hope hopefully be buying production around the end of next year, but that has a lot

of potential. I think, you know, thinking about DOJOH three and the AI six birdst chip, it seems like, intuitively we want to try to find conbudgets there where it's basically the same chip that is used what were you used, say two of them in a car or an optimist and maybe a large a number on board account of by twelve and AB or something like that. If you want highbands communication between the chips out of course serving

they're drink it bird serving. That sort of seems like intuitively the sansful way to go.

you know, the incredible cornering capability. But not ben We're confident that very few people and a cybercap want to be totaling around. So you know, so we were we produce the top end speed, which means we can use more efficient tires, we don't use as much acceleration, we don't use as much you know, big big brake system. We won't want stopping distance, but we're not expecting it to be heavily used. If it's it's a gentle right. Essentially you designed for a ride and then you you

have am that much optimized optimized asign point. So that that's why it timpts probably achieve that, especially optim optimuses, you know, so asserving you cleaning up the car and make doing maintenance and stuff. It's during automatic charging, so I think it's gonna actual cost for a mile of cyber cab will be very low. The cost for a while our existing I fee will be higher but still very competing. So breviously number of fifty sets and discussing, Yeah,

this really fills road taxically. It will build from tiny to gigantic in terms of operations in pretty short period of time. Like my guess is there. It has material impact on our financials around the end of next year. Yeah that that that is a major CONSERVETI as I mentioned in the past, and I hope that is addressed to the upcoming shareholders meeting. But yeah, this is a

big deal. Like you know, I want to find that I've bet like so a little control that I can usually be ousted by active as shareholders after having bolts you know these all if you're going robots. I think that as I mentioned before, I think my control of Hotaila should be enough to ensure that it goes in a good direction, but not so much control that I can't be thrown out if I go crazy. Yes, it's a bit of a tough thing because like when we

do an aid. We find that some was literally done it pray by bray examination of our slightes everything we say, and they're coveyos. So you know of say like, well, what's the traidal. It does help with's recruiting, but then

competitors look break clessly in coveyots. I mean that said we should probably I mean, I guess we could consider the shareholder beginning to be sort of an A can do if we can maybe go to depth, some solid amount of depth at the ill share Older meeting with respect to Optimus and a AI and that sort of our chip chip stuff. Perhaps, Yeah, the test also really underrated in terms of a chip design as well as

AI software. So like there's a whole lot that chip that we were that that exists that we will prefer to bringing our car, that is, ANYI chip that then we would prefer to putting the car over our own. And even though it's been now out for several years and recognan that the air bike chip will be for a Vale game tream, in fact, it's it's so powerfully we'll have to interurb it or sun grief or pockets outside of the rings because it flows weary past the

export restrictions. So let'sten export restrictions change. We actually will have to know if our ai bib ship is look kind of where hopefully list hopefully we keep raising the bar and the other way the kids bit silly. We'll have a bunch of Optimist robots on stage at the shareholder meeting. The Optimist lab is cool to see. It looks like it basically looks like the state of Westwold get robots in various stages, some of them, you know,

in various stages of prepared, like I don't know. It's some combination of like the tattooing Chukyard and the and West Wolds. It's pretty cool. An octopus is walking around the office here in polls there are twenty four seven is just walking around like it's small, I think. And we're so optimistic, you know the t A diners that we're bub born. Yeah, so it's we'll go for a world where robots are rare to where they're so common that you don't even look up. Okay, we haven't really

thought hard about that. We need to make sure it works when the bagels are pull the under our control and it's kind of one step at a time. Here we don't want to jump the gun. As I said, we're doing parallered about safety. So so it's just like but I guess, I guess like next year, I'd say competently next year. I'm not sure when next year, but competently next year. People who will be able to add

to subtract their part to the Testla fleet. I'm just like at their bab or ing prossible well as seem as there is a clear cash blow stream associated with any any product that you can get finance it. Most people still done there the master yard. People don't know it exists, and it's still like half of Tesla owners who could use it, I haven't tried it even once this They don't actually rely as this is something we

want to educate them on. So we've got to. When they come in for service, we'll reach out to them, send them like videos of how to make the work and most much it's it's such a shocking thing. They don't think a car is capable of this. So you have Jack, you have just show them and get them comfortable. Alternally don't know if it's so trivial, but it's it's like saying you've got a Canada sing a dance, but

it just looked like an old cat. They're like, you know, until you see the cat sing a dance and talk like your series just a cat, that's that's tes I see. Our car is intelligence. Well, we're in this like weird transition period where we will lose a lot of intatus in the US. Incentives actually ready other parts of the world, but roll is them in the US, and it will still have at the relative early stages of autonomy. On the other autonomy is most advanced and most available from

a regulatory standpoint in the US. So I mean, does that mean like we could have a few rough quarters. Yeah, we probably could have a few rough quarters. And I'm not saying the world, but we could Q you know, Q four, Q one, maybe Q two. But once you get to autonomy at scale in the second hand of half of next year, certainly by the end of next year, I think the I'm surprised to the economics, I'm not

very simpellent because it's just a model. Why they look the cat out of the back there dancing cut that consilingly bess, But it can be. It can talk and think. But that's the cool part yeah, I mean the fundamentally, the biggest obstacle remains that people just don't happen. Some of the people don't know that. The desire to buy the car is very high. Just people don't have enough money in their bad account to buy it. Literally, that is the issue, not a lack of desire, but lack body.

So the more affordable we can make the car, the better I think it's gonna be. It will be a very big deal when people can release their car to the fleet and have it earned money for them, which,

like I said, i'm big. I feel confident saying that will happen next year in the US at least, and in the US where we're legally allowed, you appropriate displayers and they'll make the affordability dramatically greater, just like you know, if you have Airbnb and you ran out your home when you're not there, or ran out of a guest room or guest house or something like that, you're the

affordabilit if your home is much greater. Well, they are doing different things here, so you know, the Xai is doing like you know, terabyte scale models and the multi terrabyt scale models. Tesla's one hundred times smaller models. So once real walth AI and once kind of I guess art official superintelligence tech thing. The I mean really kind of the genesis for XAI was that there were there were certain people who some people would not join Tesla

AI engineers because they wanted to look at ASI. They would join Tesla, and I was like, well, maybe they'll join a new company. And now I think the Tesli bomb is extremely important, but not everyone agrees with me on that. And so rather than have them join and you know, open a eye or people or or some other company, it's like, as well have them create a company in that regard, which like say, I so that's

you know, and you know, pilin make it. Make a decision do they want to work on It's like super intelligence data center or real wealthy idens good. They're both compelling problems, but some people work want to open one and some one of them the other