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.

Outlines

00:00

🚀 Tesla Shareholder Meeting Outcomes and Future Growth

The first paragraph discusses the outcomes of Tesla's shareholder meeting, emphasizing the successful reapproval of Elon Musk's compensation plan and the company's move from Delaware to Texas, both of which were approved by significant percentages. The move to Texas is highlighted as a fresh start for Tesla, potentially avoiding future legal complications. Elon Musk's presentation at the meeting is also mentioned, with his dance and the bullish statements about Tesla's future, including the potential for the company to become the most valuable on Earth. The summary also touches on the shareholder proposals, which were deemed less interesting, and the anticipation of future growth phases for Tesla with the support of its CEO.

05:00

🔑 Tesla's Autonomous Driving and Optimus Bot Revolution

The second paragraph delves into Elon Musk's vision for Tesla's autonomous driving (FSD) and the Optimus bot. It mentions the exponential improvement of FSD and the expectation of fully unsupervised driving in the near future. Musk's prediction that autonomy could add $5 trillion in value to Tesla is noted, along with the idea of a fleet of Tesla-owned and customer-owned cars that could be used as an Airbnb and Uber-like service. The potential for the Optimus bot to disrupt industries and contribute significantly to Tesla's valuation is explored, with Musk envisioning a future where every person may need a Tesla bot, and the company could achieve a 1:1 or even a 2:10 bot-to-human ratio.

10:02

🤖 The Economic Impact and Valuation of Tesla's Optimus Bot

This paragraph focuses on the economic potential of Tesla's Optimus bot, with Musk estimating that at scale, each bot could be produced for $10,000 and sold for around $2,000. The discussion includes the possibility of renting or buying the bots and the potential for Tesla to achieve $1 trillion in annual profit from Optimus, leading to a $2 trillion market cap for just this segment. The paragraph also covers the progress of Optimus, with Musk expecting the bots to be capable of a wide range of tasks by 2026, including learning from videos, and the potential for thousands of bots to be working in Tesla factories by next year.

15:03

🌐 Tesla's Global Expansion and New Product Developments

The fourth paragraph covers Tesla's plans for international expansion, particularly the potential for the Cyber truck to go global next year. It also discusses the ongoing expansion of Tesla's supercharging network, with the company aiming to deploy more superchargers than the rest of the industry combined. The approval of volume production for the Tesla Semi is highlighted as a significant development for the company. Additionally, the paragraph mentions three new vehicles to be unveiled at an upcoming event, with speculation about what they might be, and the reconfirmation of Tesla's leadership in the AI space.

20:05

🛠️ Palantir's Government Contracts and Business Growth

The final paragraph discusses recent developments for Palantir on the government side, including two contract modifications with the Department of the Air Force and Space Command and Control System, totaling over $30 million. These modifications indicate Palantir's unique capabilities and the government's continued trust in the company. The paragraph also addresses the perception of the government side of Palantir's business as having less visibility, but argues that there is still value in investing despite this. The summary concludes with a mention of upcoming topics to be discussed exclusively in the Inner Circle Vault.

Keywords

💡Inner Circle show

The 'Inner Circle show' refers to the name of the video series or podcast where the transcript is taken from. It is a platform that discusses various topics, particularly focusing on Tesla and its recent developments. In the script, it sets the context for the discussion that follows, indicating that the show is returning with new insights and updates.

💡Elon Musk's Compensation Plan

Elon Musk's Compensation Plan, also known as his pay package, is a significant topic in the video as it outlines the CEO's remuneration structure at Tesla. The script mentions that this plan was approved back in 2018 and has been a subject of controversy. The recent shareholder meeting discussed its reapproval, which passed with 72% of the votes, indicating continued support for Musk's leadership and compensation strategy.

💡Redomestication

Redomestication in the context of the script refers to Tesla's decision to move its corporate registration from Delaware to Texas. The term is used to describe the legal process of changing a company's state of incorporation. The script highlights that this move was approved by 63% of the votes during the shareholder meeting, suggesting a strategic shift for the company.

💡Autonomous Driving (FSD)

Autonomous Driving, specifically referred to as Full Self-Driving (FSD) in the script, is a key technology being developed by Tesla. The video discusses how FSD is improving and moving towards fully unsupervised drive capabilities. It is a central part of Tesla's innovation and growth strategy, aiming to revolutionize transportation by reducing the need for human drivers.

💡Optimus

Optimus is the name given to Tesla's humanoid robot project. In the script, it is presented as a highly ambitious and potentially disruptive technology with a wide range of applications. Elon Musk's vision for Optimus includes it becoming a necessity for many, potentially contributing trillions in value to Tesla and significantly impacting the company's valuation and market cap.

💡Shareholder Meeting

The term 'Shareholder Meeting' is used to describe the event where Tesla's investors gather to discuss and vote on important company matters. The script outlines key outcomes from the meeting, such as the approval of Musk's compensation plan and the redomestication to Texas, which are crucial for understanding the company's future direction.

💡Cyber Truck

The Cyber Truck is Tesla's electric pickup truck, which is mentioned in the script as having potential for international expansion. It is a unique vehicle in Tesla's lineup and has been a topic of interest for its futuristic design and capabilities. The script suggests that regulatory considerations might lead to modifications for specific markets outside North America.

💡Tesla Semi

The Tesla Semi is an electric truck designed for commercial use, aiming to offer a more sustainable and cost-effective solution for transportation companies. The script mentions that the vehicle has been approved for volume production, indicating a significant step forward in bringing this product to market and potentially disrupting the trucking industry.

💡Palantir

Palantir is a company mentioned in the latter part of the script, which focuses on big data analytics. The video discusses recent contract modifications for Palantir, indicating growth and dominance in the government sector. These contracts are significant as they showcase Palantir's value and the unique capabilities it provides to its clients.

💡Vault

The 'Vault' in the script refers to an exclusive membership or subscription tier for the Inner Circle show, offering additional content and perks to its members. It is used to denote a level of access to more in-depth analysis and discussions on topics like Tesla and Palantir, beyond what is provided in the regular episodes.

Highlights

Tesla's shareholder meeting resulted in the reapproval of Elon Musk's compensation plan with 72% of the vote, similar to the approval in 2018.

Tesla's move from Delaware to Texas was approved with a 63% vote, signaling a fresh start for the company.

The Texas move is expected to provide a better business environment and prevent issues similar to the compensation plan controversy.

Elon Musk's presentation at the shareholder meeting was highly bullish, with a focus on Tesla's growth and future innovations.

Musk's optimism for Tesla's future includes a vision of the company becoming the most valuable on Earth.

Autonomous driving (FSD) is progressing rapidly, with expectations of fully unsupervised drive capabilities soon.

Elon Musk predicts that autonomy could add $5 trillion in value to Tesla, based on its potential impact.

The concept of a Tesla fleet combining owned and customer-owned cars for shared usage was discussed, with potential for significant revenue.

Musk admitted to being 'pathologically optimistic,' which drives Tesla's ambitious timelines and goals.

The Tesla Bot, Optimus, is expected to have a wide range of uses and could significantly disrupt industries.

Musk envisions a future where the Tesla Bot could be as essential as a smartphone, with a potential 1:1 to 10:1 bot-to-human ratio.

The cost of producing Tesla's Optimus Bot at scale is estimated to be $10,000, with a potential sale price of $2,000 per unit.

Elon Musk anticipates $1 trillion per year in profit from Optimus, contributing to Tesla's soaring valuation.

Cyber truck international availability is being considered, with potential adaptations for different markets.

Tesla continues to expand its Supercharging network, outpacing the industry with more deployed superchargers.

Tesla Semi has been approved for volume production, promising significant cost savings for businesses.

Three new Tesla vehicles are expected to be unveiled at the robo taxi event, speculated to include a robo-taxi, cyber cab, and either a Roadster or a multi-seater van.

Palantir Government's business continues to grow with two new modifications to existing contracts, increasing confidence and dominance in the space.

The contract modifications for Palantir's data service platform and space command and control system were awarded without a competitive bidding process, highlighting Palantir's unique capabilities.

Transcripts

welcome back to the Inner Circle show in

today's episode we have so much to get

through there has been a crazy few days

for both palente here and especially for

Tesla but before we get into all that

don't forget to give this video a like

subscribe to the channel and turn your

notifications on so you never miss an

upload Monday through

[Music]

Friday what a fantastic few days for

both Tesla and Tesla shareholders of

course we've had the shareholder meeting

which is a very anticipated event

because of course there was two really

really crucial important outcomes from

that event number one we were going to

find out whether or not Elon musk's

Compensation Plan got reapproved which

originally got approved back in 2018 but

a whole ordeal happened as you'll

probably know by this point now and we

needed to hear if it got reapproved

second we needed to know whether or not

uh Tesla was going to be moved from

Delaware into Texas we did it guys we

did it both of those things have been

successful I was of course Very relieved

as I'm sure you were watching this video

to hear that both passed and they passed

quite significantly as well 63% voted

for the Texas redomestication and 72%

voted for elon's compensation plan which

I believe that 72% for elon's

Compensation Plan was very similar to

the percentage that took place back in

2018 this now goes ahead to the judge

and actually hopefully should prove that

back in 201 18 us retail investors were

not misled we absolutely knew what we

were voting for and hopefully this just

means that the compensation plan will

actually get approved now that there's

all this back in so what will now happen

in terms of the move to Texas is that

Tesla will file the paperwork to

actually legally do that move and

actually they've already done it they

didn't waste any time as soon as they

got this approval uh the outcome of the

shareholder meeting the vote they

submitted the paperwork they were not

wasting any time they absolutely needed

and wanted to get out of Delaware I've

spoken about it before but this move to

Texas is just so important because it's

going to bring a sense of a fresh start

it's going to bring a breath of fresh

air for Te uh for Tesla because what it

means is that hopefully something like

this a mess like this will never happen

again the situation in Texas compared to

Delaware for a business to uh be running

is much much better but this is really

positive because this now means that we

can all just focus and we can all just

move into the next growth phase for

Tesla and it means that Elon is going to

feel appreciated and supported as he

moves Tesla through that next era so as

part of the shareholder meeting if you

guys didn't watch it we had the outcome

of the votes announced which was amazing

then we had some proposals by

shareholders which was not interesting

wouldn't recommend that you go back and

watch that I would skip over that part

and then we moved on to the shareholder

meeting the portion whereby Elon gave a

presentation and he started with give a

dance just like I wanted and it was

absolutely fantastic so let me just put

a little clip of that in

[Applause]

here hot damn I love you guys a lot of

things were said during this

presentation a lot of incredibly bullish

things some of the most bullish things

I've actually ever heard Elon say in my

opinion and there was so much stuff that

I you know I'll spend much more time as

the days and the weeks go on discussing

all of them but in this episode I want

to make sure I touch on the real

highlights the most important things

that you need to know if you didn't have

ch a chance to watch that shareholder

meeting but before we get into those I

saw this post and I want to share this

with you basically whole Mar's catalog

whole Mar's blog on X who you should go

and follow great great uh Tesla

information tweeted Elon Musk posted to

Elon Musk whatever and said okay Elon we

got you the options now you have to make

Tesla the most valuable company on Earth

deal Elon came back with a simple

three-letter word and said yes so it

absolutely seems that Elon is very very

much focused and aligned to grow Tesla

to the most valuable company on Earth

and you will see as I go through the

highlights of his speech during the

shareholder meeting that that is exactly

what he plans to do and he very much

thinks Tesla can get there actually

that's an understatement he not only

thinks Tesla can become the most

valuable company on Earth but he thinks

it can like 10x the current most

valuable company

we'll get on to that in just a minute

one thing I think he said quite early on

in the meeting if I remember rightly is

we're not just starting a new chapter

for Tesla we are starting a new book and

I think what he means by this or how I

interpret it anyway is that the things

that Tesla are now working on and the

next things that will be released by

Tesla you know namely uh autonomy

autonomous driving FSD the bot all these

big big things that we're now

anticipating are big enough and

deserving enough of their own entire

book it's not just a little new chapter

you know it's not just a little tweak on

a current vehicle these are big big

things that are going to completely

disrupt and change not only Industries

but the economy it's going to change the

economy he spoke about how FSD is

improving exponentially which we kind of

already knew but he now said that they

are really really quickly moving towards

fully unsupervised Drive-In I do think

we are starting to see that you know all

the footage coming out and all the uh

data coming out to show how they're

progressing with FSD it does very much

seem to be that they are getting to that

point now whereby the iterations between

drives are just not happening as

frequently and also I've spoken to

people that are using this technology

and what they're saying as well is that

when they are having to you know sort of

interact with the steering wheel

interact with the system it's from a

place of preference not necessity not a

safety concern they're not touching the

steering wheel because otherwise the

car's going to hit them and the FSD

technology has gone its own you know

done its own thing it's not that it's

just that they have a little bit of a

preference and that's all getting sorted

out as well but it's getting very good

very quickly and obviously it does get a

little bit harder as time goes on

because if you've got many many vehicles

in the fleet all having to be improved

and iterated quite frequently that's

easy to do but when there's only little

problems popping up every 6 months seven

months it's quite hard to then train

that neural net on them iterations

because they're not happening as

frequently meaning you have to wait more

time before you can do those adjustments

if that makes sense he then said

autonomy could add 5 trillion in value

to Tesla $5 trillion dollar trillion it

doesn't even flow out of my mouth I'm so

used to saying million or billions when

I'm making these videos but that does

seem to be in agreement with Arc invests

bullish targets that have recently just

come out so just on autonomy alone

elon's pretty sure that they can 10x

Tesla's current value that seems pretty

surreal right that seems quite crazy to

10x just on one little thing I say

little it's definitely not little but it

then gets even more wild as he said

himself when you start throwing in

Optimus into the mix he reinstated the

hypothesis that not only I've had but

many of you have had you know many many

people have been saying for quite a

while that there will be some cars that

are some Tesla cars that are Tesla owned

but there will also be a fleet of

customer owned cars whereby it's going

to be a mix of Airbnb and Uber so

there'll be a Tesla own Fleet which is

acting a bit like uber and then there'll

be this air Airbnb element whereby if

you have a Tesla as a you're a customer

you have a Tesla vehicle you can add or

subtract it to the fleet at anytime so

let's just say you own a Tesla and

you're going away for 4 days on holiday

you're not going to be using your car

during those 4 days you can add it to

the fleet and that car can make you

money whilst you're not using it he said

Tesla will take a share a portion of

that revenue and keep it for themselves

but the majority of the money will

actually go to the owner of the vehicle

we don't know percentages just yet but

my best guess at this current time would

be an 8020 split so 80% goes to the

owner of the Tesla vehicle 20% goes to

Tesla themselves we don't know like I

said but I'm thinking that makes most

sense at this current time he did also

point out that yes he is optimistic he

does seem to be pathologically

optimistic I think those were his uh

those are his words used and yes because

of this he does sometimes Miss timelines

he's a little bit optimistic here and

there with the timelines but he made the

very very good point that he not only

always delivers but if he wasn't

optimistic most of the things wouldn't

exist they exist in the world of Tesla

today the factories like they are

wouldn't exist they wouldn't be all

these they wouldn't be the Cyber truck

I'm sure without Elon Musk there and

many other things as well I really think

it takes someone so ambitious and

someone with elon's psychology and

elon's brain to actually make these

things that seem impossible happen and

it's these things that are going to make

such a big difference to the world and

already are like I said he then moved on

to Optimus and this is where in his mind

mind and in my mind and probably in your

mind the valuation just gets absolutely

crazy when you put the numbers in even

if you just do a very very brief napkin

sort of math calculation they get crazy

and they get big very very quickly it's

because it's an un discovered territory

we've never we've never had a humanoid

robot before we've never had autonomous

Drive-In we don't know what it's going

to do we don't know how much it's going

to disrupt an entire industry and if

it's going to be the way that we think

then absolutely the valuation takes off

it takes off to a whole new level he

thinks everyone in the world will want

and need a Tesla bot an Optimus bot now

of course not everyone is going to be

able to afford one we're going to talk

about how much they'll cost in just a

minute not everyone will be able to

afford one at first especially even if

they do want one but ratio wise even if

not everybody wants one ratio from Human

bot to humans could still be crazy

because businesses alone could order so

many and that could shove the ratio of

bots to humans right up so he's thinking

that it will definitely be a 1:1 ratio

but more likely it will be a 2:1 and

I've even heard him in the past say it

could be between anywhere anywhere

between sorry two and 10 Bots per humans

which to me sounds crazy and a little

bit scary but it does seem to be the

natural direction as to which we're

heading in he confirmed as again we kind

of already knew that the use cases for

Optimus will be very very wide reaching

they'll be able to teach your kids

languages to work in in Factory incre to

everything in between so on to how much

Optimus will actually cost so he

believes that Tesla wants at scale so

this isn't happening at first this is

once scale production scale they can

make an Optimus bot for $10,000 he

pointed out that regardless of the price

it will definit they can definitely make

them for less than they make a car for

then he said again once a scale they

should be able to sell them for around

$2,000 per unit so like I said even at

scale these things are going to cost

$20,000 roughly not everyone is going to

be able to afford them but not everyone

has to buy them number one businesses

are going to buy loads that's going to

shoot the ratio up and number two you're

not going to have to just pay a one off

fee to buy this this thing just like

some people can't afford a car they

decide to rent them they decide to loan

them out they pay a monthly fee that's

going to happen with the bot as well so

anyway with his calculations he thinks

that Optimus will bring $1

trillion a year into Tesla in profit

I'll just repeat that $1 trillion a year

in profit for Tesla of Optimus alone he

went on to say a$2

trillion market cap on Optimus alone for

Tesla that's how crazy it's getting we

don't know if that's going to happen we

have no proof this may seem very very

far reaching for a lot of people and

pretty much like the impossible then he

said this I think it's in the realm of

possibility that Tesla becomes 10 times

more valuable than the current most

valuable company in the world this of

course would put Tesla at a market cap

of over $30

trillion I think Microsoft's the most

valuable at the moment at about3

trillion dollar so 10 times that just

over 30 just on the subject of Optimus

actually he said that they are still

making a lot of good progress there and

that by 2026 op Optimus should be able

to do a wide range of tasks including

ones that it hasn't been trained to do

it can learn by just basically watching

videos and learning in the same way that

us humans learn and he also said I

believe that there will be about 1,000

if not a few thousand um bots in Tesla

factories next year working doing useful

work this means Optimus will be way more

generalized meaning it will be much much

more useful and remember just even when

we have these bots in the factories in

Tesla factories we're not even thinking

about other companies factories we're

not even thinking about loaning them to

consumers or having them in home selling

them this already makes a massive

difference to Tesla it changes Tesla's

productivity it changes their

efficiencies it changes their cost of

good sold their margins all of these

things start improving because the Bots

will be doing useful work we did

recently learn that there are already

two bots in the Tesla factories working

we didn't know what sort of tasks that

they were doing I said that it's

probably going to be not that useful

work at the moment maybe just moving

something from point A to point B and

we've now found out that that's exactly

what they're doing they're basically

handling sales and placing them in

shipping containers not the most

revolutionary work right now but trust

me when I say that that will quickly

progress so back on to this whole rent

versus buy thing when it comes to the

Bots he said that Tesla will offer them

both to be purchased and to rent but the

former will come first which I think

makes logical sense Tesla will rent them

because that ultimately means for the

first uh sort of however long that they

do this for until they announce that

they're going to be letting people

purchase them as well it will help them

retain control it will help them get a

sense of what people are using them for

because ultimately if you start just

selling these and you don't actually

have control to get them back they could

get into the wrong hands very quickly

but let me know what you think about

that in the comments I do want to talk

more and do a much deeper dive into

Optimus in a future video because there

is so much more to break down here but

let me just really quickly tell you some

other highlights from this meeting

number one cyber truck could go

International next year at the moment

the Cyber truck is only available in

North America it's not in Europe it's

not anywhere else in the world and he

did State I think that the regulations

are going to have to be looked at and

maybe uh European version or Chinese

version will have to be made

specifically for those markets but very

very interesting I still can't imagine

them here on the UK roads but I very

much welcome them it will be the the day

that I see a cyber truck driving

alongside me it's going to be crazy it's

going to be wild because we just don't

have vehicles like that here in the UK I

know that you don't in America either

until the Cyber truck but you are at

least used to quite big vehicles we

rarely even see a pickup truck here

especially where I live we learned that

although we had a lot of saga and a lot

of drama with the supercharging network

you know mass media saying this and this

and this and this happening not that

long ago they are still working on

expanding this and they are still

leading the way and I think they said

this year I think we will deploy more

supercharges that are actually working

than the rest of the industry combined

so again this is a mo of theirs this is

an area where yet again they are leading

the Tesla semi vehicle has been approved

to start volume production which is

quite a big deal and this is just going

to save companies so much money like

Elon said during the meeting if you want

to save money as a business which every

business does and you don't want to

waste money you're going to have to

change from a traditional um truck to a

semi-truck cuz it's Eevee I think

everyone left this meeting feeling very

optimistic very bullish but also a

little bit you know our heads were a

little bit blown by how crazy the

valuation of Tesla could possibly get if

things are executed these things do have

to take place for this to happen you

can't just promise it and then not

deliver I think that it will happen I

think it's going to be a very

interesting next decade for Tesla

especially but we also kind of got the

reconfirmation that Tesla is leading and

is showing dominance in the AI space

which every company wants to be the

leader in this space right now and they

are coming ahead of a lot of the other

Mega cap companies in terms of real

world AI there are also three new

vehicles to be unveiled I think they're

going to be shown at the robo taxi event

on the 8th of August people are a little

bit divided in their opinion as to what

these vehicles are going to be I think

definitely we're going to have the robo

taxi obviously and a cyber cab and then

the Third vehicle some people are saying

it's going to be the Roadster some

people are saying that it's going to be

an 8 to 10 seater van so let me know

what you think about this whole

shareholder meeting are you now feeling

more optimistic than ever and what do

you think those vehicles are going to be

what are they going to be when they're

unveiled on the 8th of the eth let me

know all that in the comments Below on

tomorrow's episode I'm going to do a

deep dive into the new ark invest model

and price predictions for Tesla so make

sure you're subscribed and you come back

for that because there is a lot to talk

[Music]

about palente government side of the

business is going from strength to

strength to strength and we have just

learned that there's been two new

modifications to existing contracts

bringing in even more money even more

confidence and even more dominance in

this space that we need to discuss so we

spoke on Thursday's episode and if you

haven't watched that go and watch it

after this episode if you want to make

sure you're all caught up but we spoke

during that episode how about how that a

Jeff analyst had an interview and during

that interview you know he was very very

bullish he was optimistic for paler for

the future but he did make the comment

that right now they're not really

investing into paler they're holding off

a little bit because they are finding

that uh paler valuation on the

government side is just too tricky to do

right now it's too hard to Value because

there is just lack of visibility into

this business area so he I think he made

the comment that you know you can't just

go and talk to the CIA CIA about paler

value about the contracts that they have

we don't always find out exactly what

they're doing and you know this is

absolutely correct he's right there is

less visibility on the government side

there has to be than the commercial side

I counteracted this in Thursday's uh

episode I don't completely agree I do

think there's lack of visibility but I

still think there's things that we can

do to get that insight and I don't think

you should not invest just because of a

slight lack of visibility there my

opinion however we've just had more

contracts and more money flowing in to

the government side building that com uh

confidence dominance and strength check

out this post from X by goar that will

go through all the details on the

contract but let me just quickly whiz

through this and tell you the key points

so the first thing is that these are not

new contracts that's really important

actually their modifications to existing

contracts why is this important well new

contracts are great but modifications

and renewals are equally as fantastic

because it means that paler is being

valuable enough for more money to be

given to them to extend either what

they're doing or the length of time that

they're doing it for so the first

modification which is spoken about here

is with the Department of the Air Force

and this is to extend the data as a

service platform that they are currently

providing which is basically enabling

automat IC ingestion and integration of

various data sources into a common place

bringing in all different data areas

into one place centralized system um to

basically allow better decision making

you can see here that this was worth

about

21.7 million so it's not the biggest you

know we've just recently had that 480

million which is way bigger but it's

still significant nevertheless and here

is the second one so if you ever see

this paler USG um word this is just

telling you that it's palent here is a

government's side that is being given

the contract or whatever is speaking

about but this contract modification I

should say to an existing contract is

for 9.2 million and it's to extend its

existing contract with the space command

and control system this extension which

you can read more about of here will

continue to provide Mission critical

space situational awareness and command

and control capabilities that was a

mouthful the important thing here more

than anything else is that they are both

the result of a so Source acquisition

this basically means that the contract

was awarded to paler without a

competitive biding process taking place

and this approach is only really

typically used when one supplier is

deemed to have unique capabilities or

expertise or technology needed for the

contract so they didn't even consider

anyone else they went straight to paler

they um spoke to paler about money and

all of that stuff they only wanted paler

basically another another important

thing is that it shows the government

side is still growing and it is still

doing well it's still alive even though

we sometimes hear you know the

commercial side revenue is doing well

but the government side is slowing down

you know one of these will always be

going faster than the other they're not

going to match but both are doing very

well in my opinion right now do let me

know what you think about this in the

comments Below on the screen now are the

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