Ed Ludlow

But I would focus on robo taxis.

And let's focus just on what you have told the market you anticipate.

If I'm right, by 2029, what is it, the stock will hit 2,600, 88% of the company's value will be robo-taxes.

And you've talked about the millions of robo-taxes that really could be produced by then.

To that end, how integral is the XAI integration, if we're going to think about integration?

Is that important for the story and the 2 billion, well, basically capital allocation that was made towards it?

So, you know, of course, we hadn't previously accounted for that.

The way that I would think of it as, you know, on the call, they mentioned, of course, they're making Grok available in the vehicles.

I think the more interesting parts of the story are, of course, you know, they could potentially share AI infrastructure investment and mutually benefit from each other.

He did mention that Grok could sort of act as this like maestro for Optimus and for the robo taxis in terms of, you know,

like networking them together and sort of being the AI control center, if you will, for robo taxis and any sort of like large scale optimist project.

So that's how I would think about that investment.

Let's talk about this robo taxi unlock then.

What needs to fall into place for the 2029 moment to occur from your perspective?

Because at the moment, we've got just a handful in Austin that don't have someone in the driver's seat.

How quickly does that scale, do you think, in realistic nature?

Yeah, so you're correct that there really are only a handful that currently have no one in the driver's seat.

They did say, though, that they have 500 robo-taxis and that they plan to double that every month.

I mean, if that's true, if you look at Waymo's fleet, the last reported number we saw was about 3,000 cars.

So in other words, Tesla could surpass Waymo's robo-taxi fleet within three months.