watch now VIDEO 3:49 03:49 The shortage in tech storage is unlike anything I have ever seen, says Jim Cramer Mad Money with Jim Cramer For investors struggling to make sense of a volatile market, CNBC's Jim Cramer said clarity comes from focusing on scarcity as a key determinant in stock performance. "When in doubt, ask if there's a shortage or glut of what the company in question sells," Cramer s...
watch now VIDEO 3:49 03:49 The shortage in tech storage is unlike anything I have ever seen, says Jim Cramer Mad Money with Jim Cramer For investors struggling to make sense of a volatile market, CNBC's Jim Cramer said clarity comes from focusing on scarcity as a key determinant in stock performance. "When in doubt, ask if there's a shortage or glut of what the company in question sells," Cramer said Wednesday night on "Mad Money." "If it's the former, then you can buy; and if it's the latter, you better get out of dodge." Cramer called the framework "the best cheat sheet I can offer you at this point in earnings season," adding that "shortages are true north, gluts are the kiss of death." However, that may not be obvious by simply looking at the performance of the major U.S. stock averages, Cramer said. On Wednesday, the Dow Jones Industrial Average inched up merely 12 points, or 0.02%. The S&P 500 also was basically flat, while the Nasdaq advanced 0.17%. Cramer said the market's message is becoming clearer when investors look at which stocks are actually working. "When I look at the scoreboard for this period, who has the wins and who has the losses, it's all about shortages versus gluts," he said. One of the most evident examples is gold. "We just don't have enough of it," Cramer said of the precious metal, noting that miners only grow gold supply by 1% per year. He reiterated his long-standing stance "I would keep the gold – I am a gold bug from way back." Cramer said shortages are also defining tech, particularly in data storage. "We've got a big shortage in tech, one that's truly unlike anything I have ever seen," he said, pointing to data centers and cloud infrastructure. That's because despite the commitment to the buildout of AI infrastructure, supply can't continue to come on quickly. For that reason, Cramer said he believes the shortage will last "for some time." watch now VIDEO 11:29 11:29 This market comes down to shortages and gluts, says Jim Cramer Ma...
York Space Systems Inc. raised $629 million in its upsized US initial public offering, pricing its shares at the top of the marketed range. The space and defense firm sold 18.5 million shares for $34 each, according to a statement. York had marketed 16 million shares for $30 to $34 each. The offering was multiple times oversubscribed, people familiar with the matter have said . The IPO price gives...
York Space Systems Inc. raised $629 million in its upsized US initial public offering, pricing its shares at the top of the marketed range. The space and defense firm sold 18.5 million shares for $34 each, according to a statement. York had marketed 16 million shares for $30 to $34 each. The offering was multiple times oversubscribed, people familiar with the matter have said . The IPO price gives the company a market value of about $4.3 billion, based on outstanding shares listed in its filings. York’s move to go public comes amid intense interest in the defense sector. President Donald Trump has pushed allies in Europe and Asia to spend more on their own security, and he recently floated the idea of raising the US military budget to $1.5 trillion in 2027. Geopolitical tensions have also ratcheted higher, including after Trump’s push to take control of Greenland. The AE Industrial Partners -backed company has founded its own pitch to investors on Trump’s Golden Dome project, a bold plan for a missile-defense shield that the president has said will cost some $175 billion. The true price tag may be many times higher, according to a Bloomberg analysis . York has supplied spacecraft to the US Space Development Agency’s existing flagship low-earth-orbit small satellite program, which is expected to be part of Golden Dome. Read More: Satellite Maker York Builds IPO Pitch Around Trump’s Golden Dome The company’s debut is also set to come months ahead of a planned SpaceX IPO that could be the biggest-ever listing, Bloomberg News has reported . Several firms in the sector went public last year, with mixed results. Karman Holdings Inc. ’s listing raised $582 million, and its shares have surged more than 400%. By contrast, Firefly Aerospace Inc. stock has plunged 36% since that company’s $999 million IPO. Founded in 2012, York Space makes and operates spacecraft and satellites for government and commercial customers. Prior to starting the company, Chief Executive Dirk Walling...
In this article SSNHZ Follow your favorite stocks CREATE FREE ACCOUNT Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Samsung Electronics reported an over threefold surge in fourth-quarter profits on Thursday, hitting a new record and beating analysts' estimates, as a memory chip shortage and strong demand for artific...
In this article SSNHZ Follow your favorite stocks CREATE FREE ACCOUNT Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Samsung Electronics reported an over threefold surge in fourth-quarter profits on Thursday, hitting a new record and beating analysts' estimates, as a memory chip shortage and strong demand for artificial intelligence servers lifted earnings. Here are Samsung's fourth-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate: Revenue : 93.8 trillion Korean won ($65.58 billion) vs. 93.318 trillion won expected Operating profit: 20.1 trillion won vs. 20.018 trillion won expected The South Korean technology giant's quarterly revenue rose about 24% from a year earlier to hit a new record. Meanwhile, its operating profit climbed over 200% year over year. The profits surpassed Samsung's long-standing record of 17.6 trillion won set in the third quarter of 2018, while matching Samsung's own guidance of around 20 trillion won. Samsung, South Korea's largest company by market capitalization, is a leading provider of memory chips, semiconductor foundry services and smartphones. The company said in an earnings report that its memory business had helped drive earnings, setting all-time highs for quarterly revenue and operating profit, driven by an overall market price surge, sales of high-bandwidth memory and other high-value-added products. High-bandwidth memory, or HBM, is a type of memory used in chipsets for AI data centers, and Samsung has shifted more focus to the technology over the past year. Makers of AI chipsets, such as Nvidia, have been clamoring for limited supplies of HBM, with demand outpacing supply. As memory companies prioritize capacity to meet that lucrative demand, it has contributed to a shortage across the broader market, pushing up prices of chips used in personal computers and mobile...
pakorn sungkapukdee Branded as “Amazing Abundance,” Tesla’s ( TSLA ) new mission captures Elon Musk’s optimism—and his expectation that Optimus robots could eventually reshape U.S. economic output. On the company’s earnings call with analysts, Musk laid out his vision for the company as it transitions from a purely auto manufacturing entity to a leading manufacturer of advanced and humanoid robots...
pakorn sungkapukdee Branded as “Amazing Abundance,” Tesla’s ( TSLA ) new mission captures Elon Musk’s optimism—and his expectation that Optimus robots could eventually reshape U.S. economic output. On the company’s earnings call with analysts, Musk laid out his vision for the company as it transitions from a purely auto manufacturing entity to a leading manufacturer of advanced and humanoid robots. “Optimus will be a very capable robot,” Musk said on the call, confident that the humanoid robot could ultimately have a “meaningful” impact on U.S. GDP, as well as Tesla’s ability to ultimately produce 1M units per year To achieve this ambitious goal, the company is sunsetting the Model S and Model Y vehicles next quarter given the increased focus on autonomy. Consequently, Tesla is converting the Fremont factory for Optimus production. Concerning the deployment of the robotaxi, Musk dismissed reports that robotaxis in Austin are being followed by a monitoring vehicle, repeating several times through the call that “no one is following the car.” “The level of autonomy will increase dramatically every three months,” Musk said, with the cars currently operating at 100% fully self-driving. Eventually, only a fraction of miles driven will not be autonomous, as CFO Vaibhav Taneja added that autonomy software will “be the driver of growth [for Tesla] from now on.” To finance the development of the Optimus robot, FSD, and the Cybercab, as well as a $2B investment in xAi, Tesla ( TSLA ) projects capex to be in excess of $20B this year. Taneja cautioned that the biggest constraint globally, however, continues to be on the battery pack. Additionally, he expects the company will experience margin compression in the energy business from increased low-cost competition. Musk ended his statement reiterating the goal of achieving “amazing abundance” and creating value for the company, not by solving the easy problems, but by solving the hard ones. “The future is more exciting than you ca...
pakorn sungkapukdee Branded as “Amazing Abundance,” Tesla’s ( TSLA ) new mission captures Elon Musk’s optimism—and his expectation that Optimus robots could eventually reshape U.S. economic output. On the company’s earnings call with analysts, Musk laid out his vision for the company as it transitions from a purely auto manufacturing entity to a leading manufacturer of advanced and humanoid robots...
pakorn sungkapukdee Branded as “Amazing Abundance,” Tesla’s ( TSLA ) new mission captures Elon Musk’s optimism—and his expectation that Optimus robots could eventually reshape U.S. economic output. On the company’s earnings call with analysts, Musk laid out his vision for the company as it transitions from a purely auto manufacturing entity to a leading manufacturer of advanced and humanoid robots. “Optimus will be a very capable robot,” Musk said on the call, confident that the humanoid robot could ultimately have a “meaningful” impact on U.S. GDP, as well as Tesla’s ability to ultimately produce 1M units per year To achieve this ambitious goal, the company is sunsetting the Model S and Model Y vehicles next quarter given the increased focus on autonomy. Consequently, Tesla is converting the Fremont factory for Optimus production. Concerning the deployment of the robotaxi, Musk dismissed reports that robotaxis in Austin are being followed by a monitoring vehicle, repeating several times through the call that “no one is following the car.” “The level of autonomy will increase dramatically every three months,” Musk said, with the cars currently operating at 100% fully self-driving. Eventually, only a fraction of miles driven will not be autonomous, as CFO Vaibhav Taneja added that autonomy software will “be the driver of growth [for Tesla] from now on.” To finance the development of the Optimus robot, FSD, and the Cybercab, as well as a $2B investment in xAi, Tesla ( TSLA ) projects capex to be in excess of $20B this year. Taneja cautioned that the biggest constraint globally, however, continues to be on the battery pack. Additionally, he expects the company will experience margin compression in the energy business from increased low-cost competition. Musk ended his statement reiterating the goal of achieving “amazing abundance” and creating value for the company, not by solving the easy problems, but by solving the hard ones. “The future is more exciting than you ca...
Kenneth Cheung/iStock Unreleased via Getty Images Introduction Meta Platforms, Inc. ( META ) just reported great Q4 and full-year results and gave us a look into future capex spending for the year. I wanted to go through the report and give some comments on the outlook. It’s been over 2 years since the last time I covered Meta , so it is a good time to revisit. Since then, the company's stock has ...
Kenneth Cheung/iStock Unreleased via Getty Images Introduction Meta Platforms, Inc. ( META ) just reported great Q4 and full-year results and gave us a look into future capex spending for the year. I wanted to go through the report and give some comments on the outlook. It’s been over 2 years since the last time I covered Meta , so it is a good time to revisit. Since then, the company's stock has doubled in share price, which is not as impressive as other AI companies have been since that time. By the Numbers Sales topped close to $60B, up a very respectable 24% y/y, beating estimates by $1.4B. In terms of what drove such performance, we can see that DAP increased 7% to 3.58B, ad impressions increased by 18% y/y, and average price per ad increased 9% for the year. Advertising, the company’s main revenue generator, continues to perform extremely well, no matter the environment, boosting sales by that 24% y/y. Reality Labs continues to disappoint and is mostly irrelevant when looking at the revenue segments as a whole. Except if we look at the profitability numbers. Operating margins for the Family of Apps came in at 51.3% of total revenues and over $30.8B in dollar terms, while RL operating loss continues to increase to -$6B from -$5B in 2024. This underperformance continues to drag on META’s profitability, but even then, total operating income margin for the three months and the full year was 41.3% and 41.4%, respectively. As I have said in the past, META can afford to mess around with RL and try to make something out of it. But I think CEO Mark Zuckerberg would be better off dropping it already. That’s just my opinion. Q4 GAAP EPS came in at $8.88, which beat estimates by a respectable margin of $0.66. Cash flow from operations this quarter came in at around $36B, up almost 30% compared to last year, and ended the year with $115.8B vs. $91.32B last year. Free cash flow for the quarter was around $14B, which is surprisingly higher than last year’s $13.15B. What’s no...
Kenneth Cheung/iStock Unreleased via Getty Images Introduction Meta Platforms, Inc. ( META ) just reported great Q4 and full-year results and gave us a look into future capex spending for the year. I wanted to go through the report and give some comments on the outlook. It’s been over 2 years since the last time I covered Meta , so it is a good time to revisit. Since then, the company's stock has ...
Kenneth Cheung/iStock Unreleased via Getty Images Introduction Meta Platforms, Inc. ( META ) just reported great Q4 and full-year results and gave us a look into future capex spending for the year. I wanted to go through the report and give some comments on the outlook. It’s been over 2 years since the last time I covered Meta , so it is a good time to revisit. Since then, the company's stock has doubled in share price, which is not as impressive as other AI companies have been since that time. By the Numbers Sales topped close to $60B, up a very respectable 24% y/y, beating estimates by $1.4B. In terms of what drove such performance, we can see that DAP increased 7% to 3.58B, ad impressions increased by 18% y/y, and average price per ad increased 9% for the year. Advertising, the company’s main revenue generator, continues to perform extremely well, no matter the environment, boosting sales by that 24% y/y. Reality Labs continues to disappoint and is mostly irrelevant when looking at the revenue segments as a whole. Except if we look at the profitability numbers. Operating margins for the Family of Apps came in at 51.3% of total revenues and over $30.8B in dollar terms, while RL operating loss continues to increase to -$6B from -$5B in 2024. This underperformance continues to drag on META’s profitability, but even then, total operating income margin for the three months and the full year was 41.3% and 41.4%, respectively. As I have said in the past, META can afford to mess around with RL and try to make something out of it. But I think CEO Mark Zuckerberg would be better off dropping it already. That’s just my opinion. Q4 GAAP EPS came in at $8.88, which beat estimates by a respectable margin of $0.66. Cash flow from operations this quarter came in at around $36B, up almost 30% compared to last year, and ended the year with $115.8B vs. $91.32B last year. Free cash flow for the quarter was around $14B, which is surprisingly higher than last year’s $13.15B. What’s no...
US Launches Revamp Of FAA To Improve Safety, Modernize Airspace Operations Authored by Aldgra Fredly via The Epoch Times, The Trump administration on Jan. 26 unveiled what it described as the largest overhaul of the Federal Aviation Administration (FAA) in the agency’s history to enhance safety and support modernization efforts. The overhaul includes launching an airspace modernization office to o...
US Launches Revamp Of FAA To Improve Safety, Modernize Airspace Operations Authored by Aldgra Fredly via The Epoch Times, The Trump administration on Jan. 26 unveiled what it described as the largest overhaul of the Federal Aviation Administration (FAA) in the agency’s history to enhance safety and support modernization efforts. The overhaul includes launching an airspace modernization office to oversee the installation of a new air traffic control system and creation of an advanced aviation technologies office to oversee the integration of drones and other air mobility vehicles into U.S. airspace, the Department of Transportation (DOT) said in a statement . The FAA will also move more key leadership posts to permanent roles and consolidate management of finance, information technology, and human resources under the administrator, according to the DOT. The department said the restructuring of the aviation regulator will not result in workforce reductions. “It’s important that we have the right people in the right places to do the best work possible,” FAA Administrator Bryan Bedford said in the statement. “These actions will put permanent leaders in place who embrace innovation, share safety data and insights freely and are focused on deploying a brand-new air traffic control system all while integrating key innovation technologies into the new National Airspace System (NAS).” DOT said the restructuring is intended to strengthen the FAA’s safety foundation and modernize the national airspace system. The National Business Aviation Association (NBAA) expressed support for the FAA overhaul, saying it would help tackle current challenges facing the aviation industry. “The FAA’s new structure makes the changes required to increase operational efficiency, foster innovation and empower the bold action needed to build an aviation system that in many ways will redefine air transportation,” NBAA CEO Ed Bolen said in a statement. “More than just a ‘re-org,’ this plan re-envisio...
Liam Rosenior praised his young Chelsea side’s ability to deal with adversity after they produced a spirited comeback against Napoli to reach the last 16 of the Champions League. An excellent double from João Pedro and a devastating cameo from Cole Palmer ensured Rosenior’s side secured a 3-2 win at Stadio Diego Armando Maradona and avoided the inconvenience of having to go through next month’s tw...
Liam Rosenior praised his young Chelsea side’s ability to deal with adversity after they produced a spirited comeback against Napoli to reach the last 16 of the Champions League. An excellent double from João Pedro and a devastating cameo from Cole Palmer ensured Rosenior’s side secured a 3-2 win at Stadio Diego Armando Maradona and avoided the inconvenience of having to go through next month’s two-legged playoff for a place in the knockout phase. It had looked dicey when Chelsea trailed 2-1 at half-time, only for the youngest side in the competition to respond and condemn Antonio Conte’s Napoli to an early exit. “That’s what experience is,” Rosenior said. “It’s nights like this and it’s also having setbacks and understanding why setbacks happen. I was told that’s the first time we’ve won away in the Champions League for a long, long time as a football club. That’s a great marker for the team and hopefully we can continue.” Chelsea had not enjoyed an away win in this competition since October 2022. They led through an early penalty from Enzo Fernández but looked set to rue throwing away another winning position. It took Palmer coming on at half-time to make João Pedro’s goals and bolster Rosenior’s strong start since replacing Enzo Maresca as head coach earlier this month. Palmer has endured an injury-hit season and was not fit to start in Naples but Chelsea’s star player made his presence felt during the second half. “There was no way that Cole could have started this game and played through to 60, 70, 80 minutes,” Rosenior said. “I knew that Napoli had had a difficult time with injuries. “I felt that later in the game we would be stronger and I felt Cole’s performance was magnificent. Not just his quality, his pressing, his running for the team. We need to look after him. He’s had so many games over a long period of time. “We need to look after him and I think the way that he’s managed himself in the last two weeks has been magnificent and hopefully we can now see...
Paul Dano has responded to Quentin Tarantino’s scathing criticism of his acting abilities, thanking those who came to his defence after Tarantino called him a “weak, uninteresting guy” and “the limpest dick in the world”. On Wednesday, Dano told Variety that the supportive responses that poured in from his peers and across social media was touching. “That was really nice,” Dano said. “I was also i...
Paul Dano has responded to Quentin Tarantino’s scathing criticism of his acting abilities, thanking those who came to his defence after Tarantino called him a “weak, uninteresting guy” and “the limpest dick in the world”. On Wednesday, Dano told Variety that the supportive responses that poured in from his peers and across social media was touching. “That was really nice,” Dano said. “I was also incredibly grateful that the world spoke up for me so I didn’t have to.” While speaking about his favourite films of the 21st century on Bret Easton Ellis’s podcast in December, Tarantino put Paul Thomas Anderson’s There Will Be Blood at No 5, but told Ellis it would have been No 1 or 2 if Dano wasn’t in it, comparing his performance unfavourably to that of the film’s star, Daniel Day-Lewis. “Obviously, it’s supposed to be a two-hander. But it’s also drastically obvious that it’s not a two-hander,” Tarantino told Ellis. “[Dano] is weak sauce, man. He is the weak sister. [Day-Lewis] is eating him [alive]. Austin Butler would have been wonderful in that role. [Dano] is just such a weak, weak, uninteresting guy. Daniel Day-Lewis shows that he doesn’t need a strong foil. The movie needs it. He doesn’t need anything. It’s supposed to be a two-hander and it’s not! … you put him with the weakest fucking actor in SAG? The limpest dick in the world? “I am not saying he is giving a terrible performance, I am saying he’s giving a non-entity performance … I don’t care for him,” Tarantino concluded, also criticising the acting of Owen Wilson and Matthew Lillard. Many of Dano’s peers responded. A representative for Day-Lewis told the Guardian he agreed with the sentiment that Dano was among “the best and most talented actors of his generation”. Reese Witherspoon, who starred in Anderson’s 2014 film Inherent Vice with Dano, wrote on social media: “Paul Dano is an incredibly gifted, versatile actor. More importantly, he is a gentleman.” Film-maker Matt Reeves, who directed Dano in The Batma...
Tesla wrapped up its fourth-quarter earnings conference call around 6:30 p.m. Eastern time. It was all about AI. Analysts focused almost exclusively on self-driving cars, robots, AI chips, and Tesla's new xAI investment.
Tesla wrapped up its fourth-quarter earnings conference call around 6:30 p.m. Eastern time. It was all about AI. Analysts focused almost exclusively on self-driving cars, robots, AI chips, and Tesla's new xAI investment.
kodda/iStock via Getty Images New York's environmental regulator said Wednesday it filed with the Federal Energy Regulatory Commission to oppose the Williams-led ( WMB ) effort to revive a permit to build the previously canceled Constitution Pipeline project from Pennsylvania to New York. Constitution recently petitioned FERC to reissue a required permit for construction of the pipeline, but New Y...
kodda/iStock via Getty Images New York's environmental regulator said Wednesday it filed with the Federal Energy Regulatory Commission to oppose the Williams-led ( WMB ) effort to revive a permit to build the previously canceled Constitution Pipeline project from Pennsylvania to New York. Constitution recently petitioned FERC to reissue a required permit for construction of the pipeline, but New York's Department of Environmental Conservation said in its filing to FERC that it opposed the request, saying the move would override the state agency's oversight authority under the Clean Water Act. The New York regulator said it did not waive its Clean Water Act Section 401 authority and will explore all available options to vigorously defend the state's rights. Williams ( WMB ) canceled the Constitution project in 2020 and the Northeast Supply Enhancement Project in 2024 after years of fighting for permits from state regulators; the state regulator approved a water permit for the NESE project in November . Last May, the Trump administration used New York's reconsideration of Williams' ( WMB ) proposed pipelines in the state as part of a deal with Governor Hochul to lift a federal ban on the construction of the Empire Wind project off the coast of New York. More on Williams Companies The Williams Companies: A Great Business That's Not Trading At A Great Price The Williams Companies: Overlooked Midstream Champion Williams Defies Peer Group, Bets Heavier On Data Centers
In terms of drama at the opera, it will be difficult to surpass Tuesday’s performance of Giacomo Puccini’s Turandot after a tenor became unwell leading to a surprise substitution. A Royal Opera House chief, dressed in a jumper, chinos and trainers, deputised in the lead role after French tenor Roberto Alagna, playing Prince Calàf, became ill after the second act. In keeping with the adage the show...
In terms of drama at the opera, it will be difficult to surpass Tuesday’s performance of Giacomo Puccini’s Turandot after a tenor became unwell leading to a surprise substitution. A Royal Opera House chief, dressed in a jumper, chinos and trainers, deputised in the lead role after French tenor Roberto Alagna, playing Prince Calàf, became ill after the second act. In keeping with the adage the show must go on, Richard Hetherington, the theatre’s head of music, stepped in during the performance in central London. The third act resumed after the character’s showstopper aria Nessun Dorma was omitted, with Hetherington singing from the wings while the show’s choreologist, Tatiana Novaes Coelho, covered his steps in costume. Richard Hetherington was dressed in a jumper, chinos and trainers as he deputised in the lead role. Photograph: PR However, the improvisation led to some audience members booing, upset about missing out on Nessun Dorma, the Times reported. The Royal Ballet and Opera (RBO) emailed audience members on Wednesday, explaining the “exceptionally rare situation” and offered them 50% of their ticket price in credit. A spokesperson for the RBO told the Times: “Roberto Alagna was taken unwell during yesterday evening’s [Tuesday’s] performance of Turandot, which prevented him from completing Act III. We wish Roberto a swift and full recovery.” View image in fullscreen Roberto Alagna became ill after the second act and as the role of Calàf is specialised, there was no cover. Photograph: Tristram Kenton/The Guardian The writer Kenan Malik wrote on X: “Drama at the opera tonight. During Turandot at Covent Garden, Roberto Alagna, playing Calaf, took ill and couldn’t come out for act III. So, Richard Hetherington, ROH’s head of music, but not a trained opera singer, gamely stepped in, to sing from the side. “But he couldn’t sing the main arias or duets. So, they began act III after Nessun Dorma. And ended before the final scenes, finishing at the point where Liu take...
00:00 Speaker A We've updated the Tesla mission to amazing abundance. Um, and this is uh this is intend intended to send a message of optimism about the future. 00:07 Speaker A I think we're um most likely headed to an exciting uh amazing era of of abundance uh and uh and and I think with the with with the advent or with the continued growth of of AI and robotics, I I think we actually are headed ...
00:00 Speaker A We've updated the Tesla mission to amazing abundance. Um, and this is uh this is intend intended to send a message of optimism about the future. 00:07 Speaker A I think we're um most likely headed to an exciting uh amazing era of of abundance uh and uh and and I think with the with with the advent or with the continued growth of of AI and robotics, I I think we actually are headed to a future of universal high income, not universal basic income, but universal high income. 00:27 Speaker A Um, though though I mean there's going to be a lot of change along the way, but but that is uh that is the that is what I see as the most likely outcome. Um, 00:36 Speaker A So, so I think that's uh that that that it makes sense to update Tesla's mission to reflect that uh that goal. 00:44 Speaker A Um, and um, and obviously along that way we we're going to keep improving safety, driving down the cost of goods and um, and getting people access to anything they need uh without compromise. um, and uh still making sure that the environment is great, nature is great, and and people can have whatever they want, which seems like probably the best future. Uh, 01:05 Speaker A I'm open to other ideas, but that sounds like it sounds like the it sounds like if you could say what is the best future you could possibly imagine, I I guess it would be that everyone can have whatever they want, including um amazing medical care, um, and and but we still keep uh, you know, the beauty of nature and and uh and Earth. 01:21 Speaker A I think that's probably the best outcome. Um, 01:24 Speaker A and uh and we we're seeing obviously the first steps along that way, um this year for Tesla, uh first major steps. um as we increase vehicle autonomy, um and begin to produce uh Optimus robots at scale. 01:39 Speaker A Um we're we're making very, very big investments. So this is going to be a very big CAPEX year uh as Bible will will get into. Um, that that is deliberate uh because we're making bi...
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)