Ed Ludlow

They're very bullish Tesla shareholders that were like, whoa, this XAI is a company that burns billions of dollars a quarter.

Do you want Tesla to be the entity that's propping that up?

If Tesla's already doing work internally on software.

So this was a really interesting deck.

The quarter's numbers gone, the quarter gone.

I mean, it doesn't really mean anything at this point.

Oh, just why they decided to go ahead, what the more specific rationale was.

So, you know, the concerns were well stated.

The worry that Tesla would be kind of the cash cow to fund the loss-making business.

But they have explained in detail, you know, that there's a plan for them to work both on products and technology sharing.

And that was, you know, those that were more...

Sorry guys, Chelsea have just taken the lead in the 84th minute.

If the bosses are watching, I'm really sorry, but my phone's going ballistic because it means we qualify for the next phase automatically.

Anyway.

You know what your guest was just talking about, though?

The thing that Tesla's done in the shareholder deck in a lot more detail than it's done before is talk about how these future products are currently contributing to top and bottom line.

Tesla has always done the plus and minus columns of revenue and profit.

But actually they started giving a bit more data.

So for example, as of the fourth quarter, there were 1.1 million FSC paid subscribers, active subscribers, okay?

And in the profit column, they are saying that our profit has been boosted by those revenues, by those software revenue sales.