00:00Elon Musk just dropped a bomb on Wall Street and Tesla's future might be bigger than anyone imagined.
00:05During the Q2 live earnings call, Musk confirmed Tesla is already producing vehicles using the new
00:10unboxed manufacturing process, cutting costs and increasing efficiency. He said, quote,
00:16we're not just designing new vehicles, we're reinventing how vehicles are made. In a bold
00:20statement, Musk added, saying, quote, in the future, we believe that full autonomy will be
00:25the most valuable thing ever. Tesla also teased the unveiling of their next gen low cost car
00:31with Musk hinting, saying, quote, we will have a product event later this year, end quote. But
00:36here's the kicker. When asked about margins, Elon admitted that the real bet was software profits,
00:41not hardware. He said, quote, the value of Tesla long term is autonomy, AI and the optimist robot.
00:47Investors pay attention. Just like Cathie Wood has mentioned, Tesla is no longer just a car company.
00:52It's gunning for the future of AI.
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