Tesla is making a major push to be seen as a robotics AI company in 2024, investing in developing their own chips for data centers and building out Dojo to power their Robo taxi and AI initiatives, potentially needing to raise more cash to fund their expansion plans
Questions to inspire discussion
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What is Tesla's plan for developing their own chips?
—Tesla plans to buy chips from both Nvidia and their own Dojo for their data centers.
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What are Tesla's priorities, Bots or Robo taxis?
—Elon Musk sees both Bots and Robo taxis as high priority for Tesla.
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How much is Tesla spending on chips and Dojo?
—Tesla is spending $2 billion a year on chips and building out Dojo.
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How does Tesla's spending compare to Microsoft's?
—Microsoft is spending 50 billion while Tesla is only spending 3 billion, but Tesla's spending is still significant.
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Why did Tesla build their own chips?
—Tesla built their own chips because they knew Nvidia wouldn't be enough, and Elon Musk knows the right timing for everything.
Key Insights
- 🤖 Tesla is making a major push to be seen as a robotics AI company, raising the debate on whether they should prioritize Bots over Robo taxi.
- 🤖 Elon Musk sees cars as robots on wheels, and is investing in creating the brain for these "bots" through data sensors and compute power.
- 🤑 Elon Musk's ability to stretch a capital dollar to enormous levels is unparalleled in the business world.
- 🚗 It's amazing that Tesla is involved in AI, robots, energy, and other cutting-edge technologies, positioning them as leaders in the industry.
#Investments
Clips
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00:00 🤖 Tesla is debating whether to prioritize Bots or Robo taxi and whether to raise money for chips and data centers, as they make a major push to be seen as a robotics AI company in 2024.
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01:06 🚗 Tesla is developing their own chips for data centers and planning to buy chips from Nvidia, with investors concerned about chip supply and prioritizing between Bots and Robo taxis, but Elon Musk sees both as high priority.
- Nvidia, Microsoft, Google, Amazon, and Tesla are all developing their own chips for data centers, with Tesla planning to buy chips from both Nvidia and their own Dojo.
- Tesla investors are concerned about the company's chip supply and whether Bots or Robo taxis should be prioritized, but Elon Musk sees both as high priority.
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02:54 🤖 Both the robotaxi and FSD should be developed simultaneously as breakthroughs in one will inform the other.
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04:03 🤖 Tesla is investing in robotics and AI technology, increasing R&D budget and spending $2 billion a year on chips and building out Dojo, but their investment is significantly less than that of Microsoft, and they need to invest more in Nvidia, build out their data center, and develop Dojo as a service to power their Robo taxi and AI initiatives.
- Tesla is investing in robotics and AI technology, increasing their R&D budget and spending $2 billion a year on chips and building out Dojo, but their investment is significantly less than that of Microsoft.
- Tesla needs to invest more in Nvidia, build out their data center, and develop Dojo as a service to power their Robo taxi and AI initiatives.
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05:53 🚗 Tesla is making a significant investment in building large supercomputers, with Elon Musk's ability to stretch capital spending creating a new template for others to follow.
- Microsoft is spending 50 billion while Tesla is only spending 3 billion, but Tesla's spending is still significant and they are building some of the largest supercomputers in the world.
- Elon Musk has a remarkable ability to stretch capital spending to enormous levels, creating a new template that others are now copying.
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08:41 🚗 Tesla is investing in AI technology and chips to stay competitive in achieving AGI, while also relying on Nvidia and TCS for additional compute power.
- Tesla is ahead in developing training compute in-house, but still needs to rely on Nvidia and TCS for additional compute power.
- Elon Musk's company, Tesla, needs to invest in AI technology and chips to stay competitive in the race to achieve AGI.
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10:42 💰 Tesla's capital spending is expected to increase significantly over the next few years, potentially exceeding their budgeted amount, and they may need to raise more cash to fund their expansion plans.
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12:48 🚗 Tesla is in a strong position and will need to raise cash in 2027 for the next generation of vehicles, having built their own chips and being leaders in various industries.
- Tesla will need to raise cash in 2027 due to capital investment for the next generation of vehicles, but they are leaders in various industries and are in a strong position.
- Tesla built their own chips because they knew Nvidia wouldn't be enough, and Elon Musk knows the right timing for everything.
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