Steve Man

Well, I think on the car side, nothing of surprise.

Marge is a lot better than we expected, but that's only from higher production.

But what's really interesting for us is really now Elon Musk has been talking a lot about rolling out RoboTaxi.

It was just talk.

But now it's kind of codified.

in the presentation now, that they're going to roll out in nine cities beyond Austin.

So I think a lot of the investors are expecting the timeline of that scaling up on RoboTaxi, and I think we're seeing that.

Yeah, I mean, I think the fact that he's putting the plan on paper says a lot from my perspective.

It's not just talk anymore.

He's making a big commitment to the investors.

And that's what the investors are expecting.

So, yeah, nine cities, mostly down south.

I think the rollout will continue to be slow.

I mean, Tesla is a big name.

They don't have much room to make a mistake, so they're going to take it slow.

They're probably going to have safety drivers in those cities initially, similar to what Waymo has done, and then start removing those safety drivers once they gain confidence.

But at the end of the day, the point is we're expecting scaling up of that business and to drive a new revenue stream for the company.

And it looks like it's happening sooner than later now.

Yeah, you guys talked a little bit about the $2 billion investment in XAI.

It totally makes sense for me because, look, Grok is starting to be integrated into Tesla vehicles, especially in the navigational.