Update from today's Tesla call with @ElonMusk:
• Q4 earnings beat expectations with $25B in revenue and adj. EPS of $0.50
• Company mission is "amazing abundance"
• Tesla now gathers more AI training data every 2 days than Waymo has in its entire history. The AI data flywheel is spinning up (compare to my post from the summer, below). "Our global fleet can collect the equivalent of over 500 years of continuous driving data per day"
• Cortex 2 at Gigafactory Texas will double AI compute in 1H2026. "This will be a big capex year for an epic future."
• Tesla's next AI5 chip: ~50x better
• Tesla needs to build a Terafab for logic, memory and packaging, domestically, for adequate capacity and to shield from geopolitical risk.
• Elon expects Tesla to make more Cybercabs than all other cars combined, several times over. 90% of all miles driven have 1-2 people in the car.
• Model S & X will wind down next quarter and the Fremont factory space will be converted to Optimus manufacturing, up to 1M units/year.