Elon Musk Just Made Tesla Investors 10X More Bullish & $30 MILLION For Palantir | Ep. 6

Summary

The Inner Circle show discusses recent Tesla developments, including the shareholder meeting's outcomes, with 63% voting for Texas relocation and 72% for Elon Musk's compensation plan. The move to Texas is seen as a fresh start, potentially avoiding past issues. Elon Musk's presentation highlighted Tesla's autonomous driving advancements, the potential for Optimus bots to revolutionize industries, and ambitious targets for Tesla's valuation. Additionally, contract modifications for Palantir on the government side showcase continued growth and dominance in the AI space.

Takeaways

• 🚀 Tesla's shareholder meeting resulted in two crucial outcomes: the reapproval of Elon Musk's compensation plan and the successful vote for Tesla's move from Delaware to Texas.
• 🗳️ The votes were significant, with 63% in favor of the Texas move and 72% for Elon Musk's compensation plan, which is similar to the approval rate in 2018.
• 📈 Elon Musk expressed optimism about Tesla's future, aiming to make it the most valuable company on Earth, potentially 10 times more valuable than the current leader.
• 🏁 The move to Texas is seen as a fresh start for Tesla, with better business conditions that could prevent issues similar to the compensation plan controversy.
• 🤖 Elon Musk believes that Tesla's autonomous driving technology, FSD, is improving exponentially and will soon enable fully unsupervised driving.
• 💰 The potential value addition from Tesla's autonomy is estimated to be around $5 trillion, aligning with Arc Invest's bullish targets.
• 🤖 Tesla's humanoid robot, Optimus, is expected to have a wide range of applications, from teaching languages to working in factories, and could significantly disrupt industries.
• 💵 At scale, Elon Musk envisions the production cost of an Optimus bot to be $10,000, with a potential selling price of around $2,000 per unit.
• 📊 Optimus is projected to bring in $1 trillion in annual profit for Tesla and could contribute to a market cap of $2 trillion for the company.
• 🚘 Updates on Tesla's product line include the potential international release of the Cybertruck and the approval for volume production of the Tesla Semi.
• 🌐 Palantir's government business continues to grow with two new contract modifications, highlighting the company's dominance and confidence in the space.

Q & A

What were the two crucial outcomes from Tesla's shareholder meeting?

The two crucial outcomes were the reapproval of Elon Musk's compensation plan and the decision to move Tesla's headquarters from Delaware to Texas.

What percentage of votes were in favor of the Texas redomestication and Elon Musk's compensation plan?

63% of the votes were in favor of the Texas redomestication, and 72% voted for Elon Musk's compensation plan.

Why is the move to Texas considered important for Tesla?

The move to Texas is considered important as it brings a fresh start and a better business environment, potentially preventing issues similar to those experienced in Delaware.

What does Elon Musk believe the impact of FSD (Full Self-Driving) will be on Tesla's valuation?

Elon Musk believes that autonomy, specifically FSD, could add $5 trillion in value to Tesla.

What is Elon Musk's vision for Tesla's Optimus bot in terms of market potential?

Elon Musk envisions that the Optimus bot could bring $1 trillion a year in profit for Tesla and reach a market cap of $2 trillion on its own.

What is the significance of Tesla's shareholder meeting presentation by Elon Musk?

The presentation highlighted Tesla's future plans, including the potential of autonomous driving and the introduction of the Tesla bot, Optimus, which are expected to significantly impact Tesla's growth and valuation.

What is the current status of Tesla's Cybertruck regarding international availability?

The Cybertruck is currently only available in North America, but there are plans for it to go international next year, with potential modifications for specific markets.

How does the approval of Tesla's Semi vehicle for volume production impact the company?

The approval for volume production of the Tesla Semi vehicle is a significant step forward, as it is expected to save companies a considerable amount of money and further establish Tesla's dominance in the electric vehicle market.

What are the three new vehicles expected to be unveiled by Tesla at the robo taxi event?

The three new vehicles are speculated to be a robo taxi, a cyber cab, and either the Roadster or an 8 to 10-seater van, although this is subject to speculation.

What are the two contract modifications for Palantir's government side that have recently been announced?

The two contract modifications are an extension of the data as a service platform with the Department of the Air Force worth $21.7 million, and an extension of the space command and control system contract with the Space Command worth $9.2 million.

Why were the contract modifications awarded to Palantir without a competitive bidding process?

The contract modifications were awarded without a competitive bidding process because Palantir was deemed to have unique capabilities, expertise, or technology needed for the contracts.