CC Tsai

Hi All yo❤️🐶🐱🏂❄️🎵✈️🚀✨

[Elon Musk @elonmusk]

Tesla Earnings Call

[Tesla @Tesla]

Q2 Shareholder Update → https://t.co/u0UcDOuMNa

Highlights
– Cybercab began production at Gigafactory Texas

– Tesla Semi remains on track for volume production this year at our new factory in Nevada

– Making continued progress with battery pack capacity expansion (the main limiting factor to near-term vehicle production volume increase)

– Megafactory Texas is nearing completion (start of production planned for this year)

– More customers are now opting to subscribe to FSD at the time of vehicle purchase!

– Robotaxi rollout continued in the US. Now live in 7 major metros

– Construction of Optimus at Fremont Factory began after decommissioning the Model S & X lines. Planned production later this year

From here, there remains much hard work as we aim to revolutionize transportation, energy and productivity through our leading real-world AI. Scaling will be non-linear and we are focused on long-term value creation.

We’ve never been more optimistic about the future.

Automotive
– Record deliveries in several markets: South Korea, Australia, Colombia, Japan, Taiwan, Thailand, Portugal, the Philippines, Chile, Slovenia & Lithuania

– We launched the Model YL in the US in July and have seen a positive response from customers

Energy generation and storage
– Record energy storage deployments in EMEA, supported by record deployments from Megafactory Shanghai, which continues to ramp production

– On track to begin production of Megapack 3 & Megablock this year at our new Megafactory Texas

– Powerwall 3P (three-phase) is now available in Germany and is designed to meet the power needs of German homes with a single unit

Robotics
– Installing the first-generation lines for Optimus at Fremont Factory, where we expect to start production soon

– The initial Optimus builds will be used in our Optimus Academy for training data collection and further functionality development

– Additionally, we continued site development at Gigafactory Texas with building construction now in full swing

AI Training Compute
– More than doubled our onsite compute in Texas (in terms of MW of compute) during the first half of 2026

– Cortex 2 supports the development of both vehicle and humanoid robot autonomy software & will ramp further over the rest of the year

Battery
– Ramping new battery & material factories, including vehicle pack capacity in Berlin, cathode material production and lithium refining in Texas and LFP cells in Nevada for our energy storage products

– Increasing production of 4680 cells to support ramping Cybercab & Tesla Semi plus increased production of Model Y

Other Supporting Infrastructure
– Added over 2,400 net new Supercharging stalls, growing the network by 17% year-over-year

AI Software
– Started rolling out FSD v14 lite to early-access customers in the US & South Korea with AI3 hardware

This software build distills the driving behavior from AI4’s v14 series into both the camera & compute configuration of AI3, bringing destination options & speed profiles. It also addresses challenging driving scenarios with improved proactive & reactive responsiveness

AI Inference Compute
– Making progress on construction & equipment procurement for our semiconductor fab in Austin

Automotive and Other Software
– Rolled out Summer Release:
Self-Driving stats are now available in the mobile app

Grok can make phone calls, search & play music, and adjust climate controls, among other things

Automatic Navigation expands beyond home & work to support any destination based on personal habits and schedule

Robotaxi
– Started production of Cybercab, our purpose-built autonomous EV designed to be the workhorse of our Robotaxi fleet

– Began offering employee rides in Cybercabs on our GFTX campus in July

– Preparing for expansion of our Robotaxi service to additional US metros: testing, permitting & first responder training

– Expanded unsupervised rides to the entire Austin metro area & launched unsupervised rides in Miami, Orlando & Tampa in July

FSD Supervised
– Record net new subscriptions in Q2

– Record FSD attach rates in North America, with over half of new deliveries including FSD subscriptions

– Received additional approvals in Lithuania, Estonia, Denmark & Belgium, with customers in these countries driving over 50 million kilometers (31 million miles) on FSD as of July

[Tesla @Tesla]

The last Model S & the last Model X have been produced at Fremont Factory

14 years of history for Model S, 11 years for Model X

🫡

[Elon Musk @elonmusk]

People oddly assumed that I didn’t understand LiDAR, even though I oversaw the custom LiDAR development that Dragon uses to dock with the Space Station

[Elon Musk @elonmusk]

Custom orders of the Tesla Model S & X have come to an end. All that’s left are some in inventory.

We will have an official ceremony to mark the ending of an era. I love those cars.

This was me at production launch 14 years ago:

[fox hsiao @pirrer]

NVIDIA 跟台積電三十年沒簽過合約，黃仁勳說了原因

NVIDIA 跟台積電做了幾百億美元的生意，沒有簽過合約。

黃仁勳在 Lex Fridman Podcast 第 494 集的兩個半小時訪談中，談了很多關於 AI 革命、極端共同設計、CUDA 護城河的話題。但其中最讓人意外的一段，是他談到 NVIDIA 跟台積電之間的關係。

「三十年了，我不知道我們做了幾百億、甚至上千億美元的生意，但我們沒有合約。」

台積電最深的誤解

黃仁勳被問到怎麼理解台積電的成功，他的回答跟大多數人想的不一樣。

「關於台積電最深的誤解，是以為他們的技術就是他們的全部。好像他們有一顆很厲害的電晶體，然後如果有人做出另一顆更好的，遊戲就結束了。」

他說當然不是只有電晶體，台積電的技術包含金屬化系統、封裝、3D 封裝、矽光子學，這些技術確實讓公司很特別。但真正讓台積電無可取代的是另外兩件事。

第一是他們管理數百家客戶動態需求的能力，客戶的訂單同時在增加、減少、推進、拉回、換製程、改規格，台積電能同時協調所有人，「他們在這方面是世界頂尖的」。

第二是他們創造了一種無形的東西叫信任，「我信任他們，願意把整家公司放在他們上面。這是一件很大的事。」

沒有合約的幾百億美元
Lex 接著點出了這份信任的基礎：「那個信任是建立在多年的表現之上，但其中也有人際關係的成分。」黃仁勳順著這段話，給出了整場訪談最震撼的一句：「三十年了，我不知道做了幾百億、甚至上千億美元的生意，但我們沒有合約。」

放在今天的商業環境來看，這句話幾乎不可思議。NVIDIA 現在的市值超過 4 兆美元，台積電是它最核心的供應商，兩家公司之間的合作關係決定了全球 AI 基礎設施的運轉，而這一切靠的是握手，不是律師。

黃仁勳接著被問到 2013 年台積電創辦人張忠謀曾邀請他擔任台積電 CEO 的故事。他確認故事是真的，而且他深感榮幸，「我沒有不當一回事」。但他最終婉拒了，因為他看見了 NVIDIA 能帶來的影響力，那是他的全部責任，他無法放下。

200 家供應商，150 萬個零件，一個機架
NVIDIA 跟台積電的關係只是整個供應鏈故事的一小部分。

黃仁勳在訪談中透露，Vera Rubin 世代的機架有 150 萬個零件，來自 200 家供應商。當 Lex 問他這是不是讓他睡不著覺的事，他說不是，「因為我已經在處理了。我能睡著是因為我把該做的事都做了。」

他的做法是親自飛到供應鏈合作夥伴那裡，用第一原理的方式向他們解釋正在發生什麼事、為什麼會發生、然後要求他們做出數十億美元的資本投資。

「我先跟他們解釋正在發生什麼、為什麼會發生，然後要求他們各自做出數十億美元的資本投資。因為他們信任我，而我非常尊重他們，我給他們每一個質疑我的機會。我花時間解釋，用第一原理推論，畫圖給他們看。等我講完的時候，他們已經知道該怎麼做了。」

Lex 追問：「你不擔心某些瓶頸嗎？ASML 的 EUV 設備、台積電的先進封裝 CoWoS 擴產速度？」

Jensen 回了一個字，「不擔心。」

「因為我告訴他們我需要什麼，他們理解了。他們告訴我他們打算怎麼做，我相信他們會做到。」

不是只有技術：從 CEO 到 CEO 的對話

黃仁勳在這段訪談裡展現的角色，遠超過一個科技公司 CEO。他更像是整個 AI 供應鏈的總指揮。

他提到 NVIDIA 右手邊坐著的是「幾乎整個 IT 產業上游的 CEO」，左手邊是「幾乎整個基礎設施產業下游的 CEO」。他的工作是讓上游的 TSMC、ASML、SK 海力士理解未來的需求會多大，同時讓下游的 GEV、Caterpillar 理解為什麼需要更多電力和冷卻設備。

他特別提到說服記憶體產業 CEO 投資 AI 基礎設施的過程：「看看 LPDDR5、HBM4 這兩種記憶體，它們的量產規模驚人，這些都是有 45 年歷史的老公司，全都在去年創下了歷史營收紀錄。」

他說自己的工作有一部分是「塑造供應鏈的未來」，不只是告訴供應商要做什麼，而是讓他們相信一個還沒發生的未來，然後願意為此投入數十億美元。

「當你用如此強烈的急迫感行動，它會讓所有人都跟著緊張起來。每個供應商都有很多客戶、很多專案在進行。黃仁勳做的事情是確保自己永遠是每個供應商的最優先。」

3 兆美元營收可能嗎

黃仁勳在訪談快結束時被問到 NVIDIA 營收有沒有天花板。他的回答是：3 兆美元的營收是完全可能的。

「因為沒有任何物理限制說它不可能，而且 NVIDIA 的供應鏈負擔是由 200 家公司共同分擔的，我們跟這個生態系的合作關係讓我們可以一起擴張。問題只有一個：我們有沒有足夠的能源？而答案是我們一定會有。」

他回憶 NVIDIA 第一次突破 10 億美元營收的時候，當時有位 CEO 告訴他「無晶圓廠的半導體公司理論上不可能超過 10 億」，後來又有人說不可能超過 250 億。現在回頭看，這些「不可能」全都被推翻了。

信任就是基礎設施

把黃仁勳在這次訪談中關於台積電和供應鏈的所有發言拉在一起看，會發現一個很清晰的主張：在 AI 時代，信任本身就是一種基礎設施。

台積電的護城河不只是 2 奈米製程或 CoWoS 封裝技術，而是幾十年累積的信任，讓 NVIDIA 願意把整家 4 兆美元市值的公司放在它上面，而且不需要合約。

NVIDIA 能在歷史上前所未有的速度擴張，不只是因為 GPU 很快，而是因為黃仁勳能走進 200 家供應商的辦公室，用第一原理說服他們各自投入數十億美元，然後相信他們會做到。

整個 AI 革命的運轉，最底層不是晶片，是人與人之間的信任。

[Ken Maeda 前田謙一郎 @Kenmaeda77]

Tesla FSD Test in Tokyo🇯🇵
I was once again impressed by how smoothly FSD adapts to real-world situations.

A van tried to merge from the left, but the car ahead was stopped at a red light, so FSD politely left space and held position. That opened just enough room for the van to slip in, and the driver gave a classic Japanese “thank you” hand wave. (around )

Of course, he had no idea it was an autonomous car doing the courteous thing. 😊

[a16z @a16z]

We all start somewhere

[Elon Musk @elonmusk]

Whoever said “money can’t buy happiness” really knew what they were talking about 😔

[Elon Musk @elonmusk]

Once of the best memes ever

[Elon Musk @elonmusk]

The Tesla Model S and Model X are amazing vehicles. Get them while still available!

[Tesla @Tesla]

As we shift to an autonomous future, Model S & X production will wind down next quarter.

If you’d like to own one of them, now’s a good time to place your order.

Tesla wouldn’t be what it is today without Model S & X and their (early) owners – thank you for your support over the last decade

[CC Tsai @Collin_Tsai]

@SawyerMerritt @Tesla Nooooooooooooo😭

[谢嘉琪 Jiaqi @XieJackie]

🚨很多CEO高高在上，但马斯克始终愿意倾听任何人的声音，这也直接带来了Starship历史上最重要的改进之一！

一位懂火箭的YouTuber在SpaceX参观时指出一个细节，马斯克思考了片刻，没有任何摆架子说：“谢谢！我们立马去改进！”

🚀后来他承认，正是这个问题，促成了Starship最重大的改进之一！

[Sawyer Merritt @SawyerMerritt]

NEWS: U.S. insurer Lemonade has announced that it will offer a 50% rate cut for drivers of @Tesla vehicles when FSD is steering because it had data showing it reduced accidents.

“A car that sees 360 degrees, never gets drowsy, and reacts in milliseconds can’t be compared to a human. Beyond the product announcement today, we’re also announcing our commitment to the Tesla community – the safer FSD software becomes, the more our prices will drop,” said Shai Wininger, co-founder and president at Lemonade.

[CC Tsai @Collin_Tsai]

@AmiSnugglebug This is real China😂

[CC Tsai @Collin_Tsai]

@Xprofessorrr Hello😆

[CC Tsai @Collin_Tsai]

@singledoggyyyy 政府方面是真的談的很差，但一堆人在吹政府好強 真的蠻不能理解的。
但是對於台積電來說卻是把地緣政治風險降低了，是好事；而且不夠的電也得到了解決。
不過話說回來，美國的目標本來就是要半導體製造回歸，特別是台積電，所以最大贏家是美國