'Teardown Titan' Discusses Tesla's Cheaper Product Lines

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00:00We wanted you to come on the program because we thought there'd be more emphasis on this new

00:05generation of standard Model Y and Model 3. And the question I get most for you is what did they

00:12actually engineer out in terms of the cost? Well, at the end of the day, they did quite a few things

00:22that dropped the price, or let me rephrase that, the cost of getting the job done.

00:27Number one, they moved back away in some cases from the giant castings. The giga castings are a great

00:39way to get rid of componentry and whatnot, but occasionally what you do is you wind up in a

00:44situation where your piece costs are a little exorbitant. So they moved a little bit sideways

00:51on that. They still have some of their product there, but some of it has moved away.

00:57As far as what I saw, as far as the reduction in the amount of cost associated with the product,

01:05those are all kind of things that you do after you've launched a program.

01:11So the amount of things, if you'd like, that will reduce the amount of cost are kind of right now

01:22insignificant, but they lay a plan for the future. So if you start looking at some of the things that

01:31they've experimented on with the Cybertruck and whatnot, where they've gone to steer-by-wire,

01:38Ethernet controls, I mean, that's the stuff you need to drop the problems associated with latency.

01:46Latency being the amount of time you need to control a car in a crash.

01:53Yeah, so are they the right sacrifices, Sandy? Are you feeling that they're making the right

01:58decisions to get to the right price point at the moment?

02:03Yeah, absolutely. Everything I've seen, I like. I'm, well, not everything, but most everything I've

02:11seen, I like.

02:12What don't you like?

02:12The big thing, what do I like?

02:15What don't you, Sandy? What don't you like?

02:18What don't I like? The things I don't like are kind of like, I don't understand why they haven't

02:30brought the, I'm calling it the Model 2, the Cybertaxi. Why haven't they brought that out?

02:36No. I'm ready for that right now. I don't need a steering wheel. I've already been in that vehicle

02:42several times, and I think it's the ideal opportunity to sell for people that are my age.

02:49Now, I'm kind of agile. I'm not a cripple, and my reflexes are pretty quick. Actually,

02:59two days ago, I caught a fly at the restaurant and I shot the daylights out of the waiter.

03:04At the end of the day, that product should have been out in the marketplace like right now. We

03:15need it for the baby boomers. So that's the thing I don't like.

03:20Sandy, I don't know if you remain a Tesla shareholder or not, but right now, you know,

03:26the company, thank you for clarifying, has a lot on its plate. One of the pieces of news was that

03:30they're building out the assembly line for the humanoid robot. You have a deep analysis of the

03:36things that Tesla does itself as a vertically integrated company. Could you just give me your

03:42assessment of how you think they'll be able to establish their own supply chains and build such

03:46a product in line with also delivering 20 million EVs over the next decade?

03:52Let me attack that in a couple of different ways. Number one, I believe when Elon said that this is

04:02going to be maybe the biggest product ever or something, I can't remember exact words,

04:09he is absolutely correct. Again, I go back to this aging population. That robot should sell for

04:17somewhere around 100, 100 and a quarter each. Okay, if I take a look at nursing care,

04:28you're looking at each nurse, and you'll need three of them for 24-hour kind of stuff.

04:35Each nurse is going to be getting about 100 and a quarter, say maybe 100 a year with benefits maybe

04:42a little higher. Man, this is the best return on investment ever. Not only that, grandma won't

04:48have to worry about taking her pills. Somebody won't have to try and pick grandpa up and take

04:53him to wherever he needs to go. I mean, this is a huge opportunity. And I've been working on robots

05:00since I was 16. So that's a long, long time. That's like 60 years ago. This is a huge thing.

05:10I'm more, I'm more up on that than I am the cars.

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