00:00 Josh Tesla's fourth quarter results, they're just crossing the wire. Let's get those numbers. Tesla Q4 just EPS, 50 cents. 00:06 Josh It looks like consensus was closer to 45 cents, so we get a beat there. Uh Q4 revenue clocking in at 24.90 billion, estimate was 25.11 billion. Uh Q4 gross margins, there it is, 20.1%, the estimate was 17.1%. 00:21 Josh Q4 free cash flow, 1.42 billion, the str...
00:00 Josh Tesla's fourth quarter results, they're just crossing the wire. Let's get those numbers. Tesla Q4 just EPS, 50 cents. 00:06 Josh It looks like consensus was closer to 45 cents, so we get a beat there. Uh Q4 revenue clocking in at 24.90 billion, estimate was 25.11 billion. Uh Q4 gross margins, there it is, 20.1%, the estimate was 17.1%. 00:21 Josh Q4 free cash flow, 1.42 billion, the street was closer, 1.59 billion. 00:27 Josh Let's get your take on this, Adam, because this is another one you own and the stock's popping about 4%. 00:30 Adam Love it, as it should. Um, they beat estimates. Not that I actually care about how many cars they sold because I think 00:36 Josh Why don't you care? 00:36 Adam This is a robotics story, uh, Josh. Um, Tesla is already using 10,000 of its humanoid robots, which they call Optimus. You remember C-3PO in uh Star Wars, right? Oh Master Luke, right? 00:48 Adam Literally, the Optimus robot looks exactly like C-3PO, except that it's white instead of gold. And they've got 10,000 in the factories. They are going to be at a uh 1 million uh unit run rate probably two years from now. They're going to charge $50,000 per robot. They're going to make net 20,000 per robot. Well, just do the math. 1 million robots, $20,000 of profit per robot, that's 20 billion in profits, net income. In the the uh in uh 2022, the year they sold the most number of cars ever, the profit was 13 billion. Okay, so do the math. In two years, they're going to make 20 billion, plus the EVs. My point is, they'll make far more money selling these robots than they have ever sold on the EVs. That's why you own Tesla. 01:31 Josh I reached out to Cantor's Andre Shepard, who covers the name, likes Tesla. Humanoid robotics market. Here's what he's telling clients. Goes from nearly 3 billion in 2025 to 15 billion by 2030. That were that a 39% CAGR. We believe this is a material opportunity for Tesla over the long term. So on the call, let's say you could ask Musk about ...