Ed Ludlow

And so like extrapolate out to XAI, you can just envisage a world like I drive every day using FSD to work.

And in the cockpit of the car, I use the grok voice assistant to communicate.

Like, how do they monetize that?

You'd expect them to talk about that kind of stuff on the call, I think.

We did an episode of Wall Street Week last month on RoboTaxi, right?

And the opening line was, you know, five years ago, Elon Musk promised that there would be RoboTaxis all over public roads by the end of that year.

And here we are at the beginning of 2026.

And in a very limited 10 vehicle pilot, Tesla has just removed the

safety monitor from those vehicles that are in Austin, Texas for RoboTaxi.

Waymo, by comparison, has many hundreds, more than that, on public roads, charging a fare, no human in operation.

The thing is that your last guest alluded to this.

Tim, you were pressing him on why he had the conviction in this thesis.

But for lots of people, it's the idea that

Elon Musk makes many projections and gives many timelines.

And even though he misses those dates, he often gets there in the end.

And I suspect that I've said that sentence to you verbatim many hundreds of times before.

Yeah, I mean, you know, I don't want to speak on his behalf, but Steve's point is echoed by many that either are bullish or bearish on Tesla.

They've put this in the shareholder deck.

It's in writing the explanation of what they plan to do, plus some timeline in it, plus the impact to top and bottom line that, you know, it's in there.

But Steve wrote in his January 12th research without putting him on the spot that 26 is the year that Tesla pivots to physical AI.