WEBVTT - Google's AI Updates and Tesla's Sales Expectations 0:00:01.440 --> 0:00:06.720 From Mahard where Innovation, Money and Power Collie in Silicon Valley, NBN. 0:00:07.080 --> 0:00:11.120 This is Bloomberg Technology with Caroline Hyde and Ed Ludlow. 0:00:24.400 --> 0:00:26.600 I'm Caroline Heinde Bluemerg's world headquarters in New York. 0:00:26.720 --> 0:00:29.080 Ed Ludlow, He's off. This is bluemog Technology. 0:00:29.240 --> 0:00:32.519 Coming up Google, It unveils a host of updates to 0:00:32.600 --> 0:00:35.960 its AI products to show its offerings are enterprise ready. 0:00:36.320 --> 0:00:38.640 Or break down what came from the company's annual cloud 0:00:38.680 --> 0:00:42.760 computing conference. Plus Tesla maybe headed for another sales decline 0:00:42.800 --> 0:00:45.320 back to back as according to some analysts on the street. 0:00:45.600 --> 0:00:46.720 Or break down the outlook and. 0:00:46.720 --> 0:00:51.000 Here from the former CEO of Tesla and GM's cruise. Well, 0:00:51.000 --> 0:00:54.000 it resumes Robotaxi testing over in Phoenix after grounding its 0:00:54.000 --> 0:00:56.360 fleet last year. We'll discuss that and so much more 0:00:56.360 --> 0:00:58.800 coming up throughout this hour. But trading off by four 0:00:58.840 --> 0:01:01.360 tens percent on Bow, of course, maker of the seven 0:01:01.400 --> 0:01:05.360 three seven Max besieged with issues a near attack catastrophic 0:01:05.400 --> 0:01:06.760 incident earlier in January. 0:01:07.000 --> 0:01:08.720 January, of course, now. 0:01:08.600 --> 0:01:11.240 This is as we see the first quarter of sales 0:01:11.240 --> 0:01:13.480 for Boeing be what we think is the worst that 0:01:13.480 --> 0:01:16.080 we've seen all the way back to twenty twenty one 0:01:16.200 --> 0:01:18.560 people really seeing a slowing in production as well of 0:01:18.560 --> 0:01:21.240 seventy three seven maxes. Why because they need to make 0:01:21.280 --> 0:01:23.600 sure that the supply chain is ready, that they're managing 0:01:23.800 --> 0:01:25.919 to ensure that everything is safety first. 0:01:26.200 --> 0:01:26.720 For Boeing. 0:01:26.760 --> 0:01:29.200 More broadly, let's just dig into this story because it 0:01:29.200 --> 0:01:31.960 does have this technology element to it. Bloomberg opinion columnist 0:01:32.000 --> 0:01:33.880 Brooks Southerland is with us, I'm pleased to say, and 0:01:34.280 --> 0:01:34.959 let's just get to. 0:01:34.920 --> 0:01:37.800 This breaking news. And the deliveries from Boeing. They're poor. 0:01:37.920 --> 0:01:40.520 We probably expected it, we. 0:01:40.480 --> 0:01:44.080 Did, and I mean again, it's sort of a good story, 0:01:44.120 --> 0:01:46.520 bad story Boeing for Boeing here, and I mean, of course, 0:01:46.560 --> 0:01:48.400 the delivery numbers are not what they want them to be, 0:01:48.480 --> 0:01:50.440 not what their customers want them to be. But this 0:01:50.560 --> 0:01:53.400 is the result of the company really taking the time 0:01:53.480 --> 0:01:56.000 to hopefully get to the bottom of its quality control 0:01:56.040 --> 0:01:59.320 issues here. And remember, the FAA has capped Boeing's production 0:01:59.400 --> 0:02:03.000 rate at AB thirty eight seven thirty seven jets per month. 0:02:03.080 --> 0:02:05.720 Now they are nowhere near that pace right now, and 0:02:05.720 --> 0:02:08.520 it's going to slip even further because they're really trying 0:02:08.560 --> 0:02:11.240 to dial back on this concept of traveled work, and 0:02:11.240 --> 0:02:14.160 what that means is putting a priority on moving that 0:02:14.200 --> 0:02:16.600 plane through the production process, even if you don't have 0:02:16.680 --> 0:02:19.280 all the parts, even if the quality control isn't where 0:02:19.280 --> 0:02:21.679 it should be. Boeing is moving away from that. They're 0:02:21.680 --> 0:02:24.560 taking a step back and really trying to drill into 0:02:24.760 --> 0:02:27.239 safety and their engineering processes. Now that is a good 0:02:27.240 --> 0:02:29.680 thing in the long run, but certainly not going to 0:02:29.800 --> 0:02:31.560 show up in their delivery numbers right here in the 0:02:31.560 --> 0:02:32.040 short term. 0:02:32.080 --> 0:02:35.000 And let's just reaffirm what the delivery numbers are, because 0:02:35.000 --> 0:02:37.560 it's eighty three jets were delivered in the first quarter 0:02:37.800 --> 0:02:40.760 Lowes since the second quarter of twenty twenty one. Interestingly, 0:02:41.000 --> 0:02:44.560 twenty nine jets in March were sold. 0:02:44.320 --> 0:02:46.360 And that's twenty four to seven three seven Maxes. 0:02:46.400 --> 0:02:48.680 It clearly just shows the importance of. 0:02:48.600 --> 0:02:49.720 This particular model. 0:02:49.760 --> 0:02:52.040 And I'm noting that they were booking one hundred and 0:02:52.080 --> 0:02:56.120 thirteen gross orders in March and only two cancelations. Is 0:02:56.120 --> 0:02:58.560 any of this really putting off demand for the seven 0:02:58.600 --> 0:02:59.720 three seven max. 0:03:00.560 --> 0:03:03.880 I don't think that it is overall, because you have 0:03:03.919 --> 0:03:07.400 a duopoly in aircraft manufacturing and airbus is sold out 0:03:07.400 --> 0:03:10.280 of its marquee narrowbody jet model into the twenty thirty. 0:03:10.360 --> 0:03:12.880 So if you were an airline and you need planes, 0:03:12.919 --> 0:03:15.519 you really only have one option in the short term, 0:03:15.520 --> 0:03:17.880 and that is Boeing. And I think that, to your point, 0:03:17.960 --> 0:03:20.640 shows just how important this airplane is and how important 0:03:20.639 --> 0:03:22.919 it is that Boeing ultimately gets this right and gets 0:03:22.960 --> 0:03:25.120 to the bottom of what their quality control issues are. 0:03:25.160 --> 0:03:28.080 Now they are losing market share to Airbus. The Airbus 0:03:28.080 --> 0:03:30.400 has been able to pull ahead specifically in that narrow 0:03:30.639 --> 0:03:33.960 body jet market. They are winning more orders, but you're 0:03:34.000 --> 0:03:36.360 certainly not seeing demand fall off a cliff for Boeing, 0:03:36.560 --> 0:03:38.920 and I think that does provide some support but also 0:03:38.960 --> 0:03:41.800 some encouragement for the company to just try to figure 0:03:41.840 --> 0:03:43.880 this out and get the customers the jets that they 0:03:43.960 --> 0:03:46.760 want to buy. They want to fly from Boeing. 0:03:47.000 --> 0:03:50.040 And let's just dig into Airbus because we're anticipating deliveries there. 0:03:50.040 --> 0:03:51.880 In fact, it was under pressure more than the rest 0:03:51.880 --> 0:03:53.720 of the French benchmark earlier today. 0:03:54.280 --> 0:03:55.760 What are we seeing in terms. 0:03:55.480 --> 0:03:59.720 Of ultimate economic hit sentiment heading both Airbus and Boeing, 0:04:00.040 --> 0:04:01.480 And there's are any sort of tech angles we can 0:04:01.520 --> 0:04:02.080 weave in here. 0:04:03.600 --> 0:04:06.160 I mean, I think air travel demand has held up 0:04:06.440 --> 0:04:09.400 pretty well. I mean, even in this inflationary environment, you're 0:04:09.440 --> 0:04:13.080 still seeing strong demand for air travel. And you know, 0:04:13.160 --> 0:04:17.039 really both going and airbus have a demand problem or sorry, 0:04:17.040 --> 0:04:18.600 I have a supply problem at the end of the day, 0:04:18.640 --> 0:04:21.760 not a demand problem. And you know the onus is 0:04:21.839 --> 0:04:23.919 on them to be able to churn out these airplanes 0:04:24.160 --> 0:04:25.279 and give them to customers. 0:04:26.160 --> 0:04:29.000 Love having you on Bloomberg opinion columnists Brook Sutherland jumping 0:04:29.040 --> 0:04:31.480 on the latest delivery numbers. Let's get back to our 0:04:31.520 --> 0:04:34.080 bread and butter right now, though, because Google is having 0:04:34.120 --> 0:04:36.479 a big event surrounding cloud. It's in fact, I'm bailing 0:04:36.520 --> 0:04:40.400 a host of updates around its artificial intelligence offerings today 0:04:40.560 --> 0:04:42.760 and it's really trying to show how this technology is 0:04:43.240 --> 0:04:47.640 enterprise ready after well some pretty obvious mishaps earlier this 0:04:47.720 --> 0:04:49.520 year when it came to consumer use. 0:04:49.839 --> 0:04:51.520 That's bringing in Bloomberg's Davy. 0:04:51.279 --> 0:04:53.560 Albert and really Google's trying to shake off what has 0:04:53.600 --> 0:04:55.440 been happening earlier in the year when it comes to 0:04:55.600 --> 0:04:58.920 Gemini application across particularly image generation. 0:04:59.320 --> 0:05:02.000 How fit for purpose is it from an enterprise perspective? 0:05:03.440 --> 0:05:08.520 Yeah, Hi, happy to be here. Google is really framing 0:05:08.720 --> 0:05:13.920 these announcements as this is cloud's moment and enterprise, and 0:05:14.480 --> 0:05:18.440 it says that the same risks that were around for 0:05:18.520 --> 0:05:24.360 the consumer product are not really there for enterprise customers 0:05:24.520 --> 0:05:28.960 because marketers, you know, client cloud clients have a lot 0:05:29.000 --> 0:05:32.680 more controls over the outputs. Google has said that it 0:05:32.800 --> 0:05:37.159 is providing up to like nineteen fine tuned controls for 0:05:38.160 --> 0:05:42.640 people who use its enterprise enterprise platform, and so with 0:05:42.760 --> 0:05:45.800 that level of control, you can kind of make sure 0:05:45.960 --> 0:05:49.240 that the images and outputs that the AI is generating 0:05:49.560 --> 0:05:52.240 aligns with your brand's image. 0:05:52.760 --> 0:05:53.440 It's really interesting. 0:05:53.440 --> 0:05:55.920 Earlier today we were looking at how best buys integrate, 0:05:56.279 --> 0:05:58.159 integrating AI generator AI. 0:05:58.320 --> 0:05:59.600 Google a partner for them. 0:06:00.120 --> 0:06:03.200 Who are the kind of businesses who are adopting Google 0:06:03.400 --> 0:06:05.760 using Google Cloud as well to ensure that they got 0:06:05.800 --> 0:06:08.720 the compute power to be building generative AI systems themselves. 0:06:10.279 --> 0:06:14.320 It's a lot of startups actually AI generative AI startups 0:06:14.360 --> 0:06:18.279 in particular. One bit of news that came out today 0:06:18.560 --> 0:06:22.760 is that Google is continuing to sign up these kinds 0:06:22.800 --> 0:06:27.760 of customers for its cloud platform. So last year in August, 0:06:28.400 --> 0:06:32.400 Google said that it had signed up up to seventy 0:06:32.440 --> 0:06:37.640 percent of AI unicorns, and today they're saying that that 0:06:37.680 --> 0:06:40.799 figure is up to ninety percent of all generative AI 0:06:40.920 --> 0:06:43.680 unicorns are using its cloud computing services. 0:06:43.720 --> 0:06:47.320 Now interesting that they're really focusing on that particular area. 0:06:47.360 --> 0:06:50.839 I'm also just want to know how good it is, Davy. 0:06:51.040 --> 0:06:54.040 I mean, this has been the perennial issue many have felt, 0:06:54.360 --> 0:06:57.440 even though they were at the very well iterations of 0:06:57.520 --> 0:06:59.800 generative AIS because of the work and the R and 0:06:59.839 --> 0:07:01.800 D that Google did that got us to where we 0:07:01.839 --> 0:07:05.920 are today, but they've lost market share and mind share 0:07:06.040 --> 0:07:07.960 really to the likes of open AI. 0:07:08.800 --> 0:07:09.720 Yeah. Absolutely. 0:07:10.520 --> 0:07:12.640 Google says that there are a couple of things that 0:07:12.760 --> 0:07:17.720 differentiates itself from the competition. So one thing that is 0:07:17.840 --> 0:07:21.600 pretty unique to them is that they have Gemini one 0:07:21.640 --> 0:07:25.240 point five pro that is underlying a lot of these 0:07:25.440 --> 0:07:30.800 AI offerings for enterprise, and that model has the longest 0:07:30.840 --> 0:07:34.920 context window. Google says of any AI model. It can 0:07:34.960 --> 0:07:37.800 process up to one million tokens at a time, which 0:07:37.920 --> 0:07:41.320 you know, tokens are essentially like words or pieces of words, 0:07:41.920 --> 0:07:49.120 and that means that marketers can upload audio files, photos, images, videos, 0:07:50.560 --> 0:07:54.080 potentially thousands of them, and that will be the basis 0:07:54.080 --> 0:07:57.840 from which the AI generates new content. Another thing that 0:07:57.880 --> 0:08:01.400 Google says is unique to them is that they are 0:08:01.440 --> 0:08:07.320 more open compared to other cloud computing platforms. And you know, 0:08:07.680 --> 0:08:11.240 Thomas Currian, who we spoke to ahead of the announcements today, 0:08:11.840 --> 0:08:15.520 didn't name any specific competitors, but that seemed to be 0:08:16.200 --> 0:08:19.160 referring to open AI. And you know, one thing that 0:08:19.240 --> 0:08:24.200 he emphasized was Google Cloud wants enterprise customers to be 0:08:24.240 --> 0:08:27.760 able to choose a platform, not an AI model. So 0:08:28.000 --> 0:08:32.200 within its platform, it actually makes available a bunch of 0:08:32.200 --> 0:08:37.160 different models, including anthropics and metas, and developers can pick 0:08:37.160 --> 0:08:39.200 and choose what AI models they want to use. 0:08:39.640 --> 0:08:41.559 A lot of this all comes back to chips, Davey, 0:08:41.800 --> 0:08:44.240 and it looks as though Google is focusing more on 0:08:44.280 --> 0:08:46.920 in house chips. It's notable that in videos down on 0:08:46.960 --> 0:08:49.360 the day, it's notable that Boomberg Intelligence is saying, look, 0:08:49.440 --> 0:08:54.080 there's a deepening relationship between Broadcom and Alphabet. What do 0:08:54.080 --> 0:08:55.040 you make of the chip move. 0:08:56.400 --> 0:09:00.520 Yeah, Google has long been working on its own chips, 0:09:01.120 --> 0:09:05.960 but you know, especially with the demand increasing for AI 0:09:06.440 --> 0:09:10.240 computing power, this is something that they can kind of 0:09:10.280 --> 0:09:14.360 bring get their experience, bring it to bear on this effort. 0:09:14.960 --> 0:09:18.319 So one of the announcements today was that Google was 0:09:18.559 --> 0:09:23.040 rolling out its own advanced chips and hopefully that will 0:09:23.240 --> 0:09:27.319 help it to compete with the likes of Nvidia and 0:09:27.440 --> 0:09:32.559 other chip makers. Google's cloud strategy and it's AI strategy 0:09:32.600 --> 0:09:36.120 on the whole appears to be let's have our fingers 0:09:36.160 --> 0:09:40.120 in kind of every pot and keep pushing the ball 0:09:40.240 --> 0:09:43.600 forward on AI to make sure that we remain relevant 0:09:43.640 --> 0:09:46.120 after having laid the groundwork for a lot of the 0:09:46.120 --> 0:09:50.199 AI innovations that we see today that are being used 0:09:50.240 --> 0:09:53.000 across all sorts of companies, including Open AI. 0:09:53.520 --> 0:09:56.400 Well, the event continues on the other side of America. 0:09:56.480 --> 0:09:58.600 David Albert, We thank you so much for bringing us 0:09:58.679 --> 0:10:01.199 all the latest coming out of it key cloud event 0:10:01.320 --> 0:10:04.640 for Google I. Meanwhile, coming up, Tesla's former CEO and 0:10:04.679 --> 0:10:05.640 co founder. 0:10:05.320 --> 0:10:07.679 Says it would be a shame that the EV. 0:10:07.600 --> 0:10:09.560 Maker scraps plans for a cheaper car. 0:10:10.040 --> 0:10:12.240 Will get his take on that and the EV transition 0:10:12.559 --> 0:10:34.559 more broadly, that's coming up next to the Bloomberg Technology. 0:10:31.120 --> 0:10:31.280 Now. 0:10:31.320 --> 0:10:34.920 Tesla once upon a time had a previous CEO, Martin Everhard. 0:10:35.040 --> 0:10:36.920 In fact, he was one of the true founders of 0:10:36.920 --> 0:10:40.240 the company. He said Tesla should rethink its plans to 0:10:40.480 --> 0:10:42.760 scrap the low cost electric car that seems to have 0:10:42.760 --> 0:10:45.400 been being reported on a plate that the company needs 0:10:45.440 --> 0:10:47.640 to focus on costs to keep it sales growing. He 0:10:47.720 --> 0:10:50.160 sat down on Bloomberg's has I'm in in Hong Kong 0:10:50.320 --> 0:10:52.800 and starting off on whether or not the EV transition 0:10:53.360 --> 0:10:54.240 is actually slowing down. 0:10:54.320 --> 0:10:54.880 Take a listen. 0:10:55.840 --> 0:10:58.040 I don't think that's true. Maybe Tesla is slowing down, 0:10:58.880 --> 0:11:02.000 but the whole industry has slowed down. I've noticed in 0:11:02.000 --> 0:11:04.079 the last year or two, particularly in the US. 0:11:04.120 --> 0:11:10.000 So yeah, And in terms of Tesla's own Brecknek growth, 0:11:10.280 --> 0:11:12.760 is that over some sap Perhaps yeah, it's done and dusted. 0:11:13.960 --> 0:11:14.240 I don't. 0:11:14.360 --> 0:11:17.880 I mean, looking at one small downturn, maybe it's over. 0:11:18.000 --> 0:11:20.480 Maybe it's not. I think in some ways it doesn't 0:11:20.520 --> 0:11:24.599 really matter because the EV phenomenon has taken over the 0:11:24.720 --> 0:11:25.600 entire auto industry. 0:11:25.640 --> 0:11:26.319 Well, we'll see. 0:11:26.160 --> 0:11:28.920 EV's coming out of China here like crazy in the 0:11:28.920 --> 0:11:32.800 next several years. The Korean evs are amazing, and even 0:11:32.840 --> 0:11:35.319 in the US there's many companies making EV stuff. 0:11:35.640 --> 0:11:37.760 So the current growth pace is going to be the 0:11:37.800 --> 0:11:38.320 new normal. 0:11:39.920 --> 0:11:41.719 I think that eventually we're going to see all of 0:11:41.760 --> 0:11:44.560 the cars replaced with EV's over the years, and who 0:11:44.559 --> 0:11:46.920 the players will be. Not everybody will survive. I think 0:11:46.960 --> 0:11:48.280 Tesla probably will. 0:11:48.440 --> 0:11:51.079 Do you do you buy the spin that perhaps Tesla 0:11:51.200 --> 0:11:53.600 is in between two growth waves. 0:11:55.160 --> 0:11:57.600 Maybe that's the way to look at it. I read 0:11:57.640 --> 0:12:00.959 recently that that Tesla has decided not to pursue their 0:12:00.960 --> 0:12:03.040 model to the lower end car because they don't think 0:12:03.080 --> 0:12:05.040 that they can compete with the lower end Chinese cars. 0:12:05.240 --> 0:12:07.080 I think it's a shame. They might want to rethink that. 0:12:08.280 --> 0:12:11.160 It seems like a better market than that gigantic truck 0:12:11.240 --> 0:12:11.600 they make. 0:12:13.600 --> 0:12:15.560 Why do you think Tesla is so reluctant now? 0:12:15.640 --> 0:12:17.120 I mean, and why has it been. 0:12:17.040 --> 0:12:20.160 So difficult and it's so slow to get to the 0:12:20.280 --> 0:12:22.920 cheaper versions of those evs. 0:12:23.000 --> 0:12:24.959 It's a new technology and it's difficult to drive the 0:12:25.000 --> 0:12:30.400 technology price down. It's you know, it's the profit of 0:12:31.480 --> 0:12:34.720 high volume. Sorry, the profit of high end luxury cars 0:12:34.800 --> 0:12:36.280 is much higher, and it's easy to make money in 0:12:36.320 --> 0:12:38.439 that space. But we want to move down into lower 0:12:38.440 --> 0:12:41.520 price markets. You need to have the ability to build 0:12:41.559 --> 0:12:43.040 at a very different level. 0:12:44.000 --> 0:12:47.720 So where is Tesla going wrong or where should Tesla 0:12:47.800 --> 0:12:50.559 be focusing on to get to where it needs to 0:12:50.600 --> 0:12:53.080 get to in terms of those cheaper models. 0:12:53.200 --> 0:12:57.000 Tesla needs to be focused on cost. Test needs to 0:12:57.000 --> 0:13:01.800 be focused on cost instead of focusing on technology for 0:13:01.840 --> 0:13:02.800 the sake of technology. 0:13:04.000 --> 0:13:06.720 Does it need new talent initiatives? 0:13:07.760 --> 0:13:10.400 Oh, I don't think so. I think they'll manage along 0:13:10.520 --> 0:13:10.840 just fine. 0:13:11.840 --> 0:13:15.240 In terms of Tesla's future, maybe five ten years down 0:13:15.280 --> 0:13:17.160 the road, where do you see Tesla Because some say 0:13:17.160 --> 0:13:19.880 that perhaps you know, it could be concentrating on EV's, 0:13:19.920 --> 0:13:21.520 but it could be other projects as well. How do 0:13:21.559 --> 0:13:25.240 you see Tesla in terms. 0:13:25.040 --> 0:13:26.160 Of growth in the next far to take. 0:13:26.320 --> 0:13:28.600 What I'd like to see is Tesla succeeding to make 0:13:28.640 --> 0:13:32.000 evs in the foreseeable future. I'd like to see them 0:13:32.000 --> 0:13:34.600 continue to make EV's and drive into the rest of 0:13:34.640 --> 0:13:37.199 the market spaces they aren't occupying right now. Whether they 0:13:37.200 --> 0:13:38.640 do that or not is not my safe. 0:13:40.040 --> 0:13:43.280 You were with Volkswagen for quite some time, in fact 0:13:43.320 --> 0:13:47.120 two years after you left Tesla. Yet when it comes 0:13:47.160 --> 0:13:50.000 to the EV strategy, they've not been able to replicate 0:13:50.040 --> 0:13:51.120 what Tesla has done. 0:13:51.520 --> 0:13:54.840 Why is that it, let's just say innovatives dilemma. Right, 0:13:55.679 --> 0:13:59.040 Volkswagen has been very, very successful, more successful than pretty 0:13:59.120 --> 0:14:02.520 much any other company making gasoline and decent powered cars. 0:14:02.840 --> 0:14:04.680 It's hard for a company like that to be pushing 0:14:04.679 --> 0:14:07.640 a technology that suggested buyers ought to buy something other 0:14:07.679 --> 0:14:09.320 than the cars that have been making the money for 0:14:09.360 --> 0:14:12.800 all these years. It's hard to be the ones who 0:14:12.880 --> 0:14:15.240 invent the technology that make your own products. Absolutely. 0:14:16.360 --> 0:14:19.320 The former TESA CEO, Martin Eberhard there along with our 0:14:19.360 --> 0:14:22.160 own has Linda I'm in. And now let's just come 0:14:22.640 --> 0:14:24.800 full circle with where Tesla is at the moment and 0:14:24.840 --> 0:14:28.400 maybe headed for in fact, perhaps vehicle sales declining in 0:14:28.440 --> 0:14:29.200 another quarter. 0:14:29.320 --> 0:14:30.480 So back to back drops. 0:14:30.560 --> 0:14:32.720 After surprising investors with that drop that we saw in 0:14:32.800 --> 0:14:35.520 the first three months of the year, it's at according 0:14:35.560 --> 0:14:37.200 to annis such as Robert W. 0:14:37.320 --> 0:14:39.880 Baird, lu Mergs Craig Trudell. Is here to sort of. 0:14:39.800 --> 0:14:42.080 Sum up what is the narrative in the market. Look, 0:14:42.240 --> 0:14:44.240 we almost front run this with the stock move the 0:14:44.240 --> 0:14:48.840 beginning of this year. We've seen Tesla significantly underperform and 0:14:48.920 --> 0:14:51.600 now that's starting to be born out in delivery numbers. 0:14:51.720 --> 0:14:54.280 Who thinks that this sort of decline is going to 0:14:54.280 --> 0:14:54.840 be continuing? 0:14:56.240 --> 0:14:59.760 Yeah, I mean this idea that Ben Calo at Robert W. Bird, 0:14:59.760 --> 0:15:04.080 as you mentioned, expects the second quarter to be another decline. 0:15:04.120 --> 0:15:06.920 I think, you know, just looking at the chart we 0:15:06.960 --> 0:15:10.440 have on the terminal with that story, it does speak 0:15:10.440 --> 0:15:12.480 to this idea that there will be, you know, at 0:15:12.600 --> 0:15:14.560 least in his estimation, a bit of a tick up 0:15:14.560 --> 0:15:17.000 in terms of, you know, just from the seasonally low 0:15:17.040 --> 0:15:21.360 first quarter. But to his point, the comparison from a 0:15:21.440 --> 0:15:24.080 year ago is tougher. And I think, you know, as 0:15:24.080 --> 0:15:26.800 you mentioned just earlier this year, you know, the stock 0:15:26.920 --> 0:15:31.360 was underperforming because we kept hearing analysts after analysts, you know, 0:15:31.440 --> 0:15:34.040 talk about this idea that the outlook for sales, you know, 0:15:34.400 --> 0:15:36.720 wasn't that great, and then you know, lo and behold, 0:15:36.800 --> 0:15:40.520 the company comes in way below analysts expectations. I think 0:15:40.560 --> 0:15:44.360 this really sort of leads people to second guests, you know, 0:15:44.360 --> 0:15:47.160 their assumptions for this company through the rest of the year. 0:15:48.360 --> 0:15:50.360 Let's just talk a little. This is a great street wrap. 0:15:50.360 --> 0:15:53.760 Bringing back does a wonderful job of summarizing what all 0:15:53.760 --> 0:15:56.120 the anists out there are saying, and many have been 0:15:56.160 --> 0:15:59.760 wanting to talk about this robotaxi focus versus perhaps the 0:15:59.800 --> 0:16:02.840 coln of no longer having a model to a cheap car. 0:16:03.080 --> 0:16:04.640 What do you make of some of the views on 0:16:04.640 --> 0:16:07.000 the ROBOTAXI. 0:16:06.840 --> 0:16:09.560 I think their skepticism is sort of borne out just 0:16:09.600 --> 0:16:13.520 from the year after year a pattern of Musk talking 0:16:13.600 --> 0:16:15.920 about robotaxis being just around the corner. 0:16:16.600 --> 0:16:16.760 You know. 0:16:16.800 --> 0:16:18.960 I think we're actually coming up on the five year 0:16:19.000 --> 0:16:23.760 anniversary of Musk holding the first Tesla Autonomy Day when 0:16:23.880 --> 0:16:26.560 I remember, you know, covering this with Dana Hole and 0:16:27.880 --> 0:16:30.760 you know, watching Musks talk about this idea that you know, 0:16:31.240 --> 0:16:33.520 by the middle of twenty twenty, he was saying that, 0:16:33.600 --> 0:16:36.200 you know, the million Tesla's that were on the road 0:16:36.480 --> 0:16:39.880 were going to be capable of turning into robotaxis and 0:16:39.920 --> 0:16:42.600 that people would be able to even fall asleep in 0:16:42.640 --> 0:16:45.440 their car. Obviously that has not come to pass, and 0:16:45.480 --> 0:16:49.280 so you know, the expectation that Tesla is going to 0:16:49.320 --> 0:16:53.200 be able to deliver a fully self driving vehicle, you know, 0:16:53.680 --> 0:16:55.800 I think Wall Street's going to need to have some 0:16:55.840 --> 0:16:56.360 show there. 0:16:56.760 --> 0:16:59.680 Yeah, for now, twenty buys on the stock, fourteen cells 0:17:00.040 --> 0:17:02.040 and a price target that does seem to be declining 0:17:02.080 --> 0:17:04.399 a little bit. Crater Deell, great to have you wrapping 0:17:04.400 --> 0:17:07.800 it up, thank you. Meanwhile, look, General Motors Cruise autonomous 0:17:07.840 --> 0:17:10.320 driving business, well, it's preparing to actually resume testing of 0:17:10.359 --> 0:17:13.840 their robotaxes with safety drivers and Phoenix. This marks a 0:17:13.880 --> 0:17:17.320 pretty important step in its attempts to restart service after 0:17:17.359 --> 0:17:19.800 grounding its fleet last year. Remember, the company is set 0:17:19.840 --> 0:17:22.280 to announce and begin the testing as early as today. 0:17:22.680 --> 0:17:25.359 In recent months, Cruise has been in talks with officials 0:17:25.359 --> 0:17:28.679 in twenty metropolitan areas where it previously ran cars or 0:17:28.720 --> 0:17:30.000 had started mapping in. 0:17:29.880 --> 0:17:32.760 Preparation to run them. This is really meg technology. 0:17:40.359 --> 0:17:43.879 Neuro One is a developmental stage company committed to brain 0:17:44.040 --> 0:17:47.919 impact technology and it's just completed its first surgery involving its. 0:17:47.800 --> 0:17:49.159 One RF ablation system. 0:17:49.320 --> 0:17:51.119 Now that's actually a device that can be used for 0:17:51.240 --> 0:17:54.919 mapping and then targeting brain areas with a normal activity. 0:17:55.119 --> 0:17:57.400 It's used to treat a range of neurological conditions such 0:17:57.400 --> 0:17:59.960 as Parkinson's disease. Please to say, joining us now as 0:18:00.119 --> 0:18:03.400 SEO of neuro One Medical Technology is Dave Rosa, And well, 0:18:03.440 --> 0:18:06.760 congratulations on this surgery that I understand occurred just as 0:18:06.920 --> 0:18:10.200 recently as yesterday. And I want to get your perspective 0:18:10.240 --> 0:18:13.199 on how big a seismic shift this is for you. 0:18:14.760 --> 0:18:18.480 I think it's a tremendous, tremendous accomplishment for the company, 0:18:18.520 --> 0:18:21.520 but I also think for the field. I mean, what 0:18:22.119 --> 0:18:25.560 patients have been dealing with that undergo these surgeries is 0:18:25.640 --> 0:18:30.119 they've had to come in for an invasive diagnostic surgery 0:18:30.200 --> 0:18:33.919 where the surgeon tries to locate the problematic area in 0:18:33.960 --> 0:18:37.400 the brain, and then those patients would be sent home 0:18:37.520 --> 0:18:42.840 and then rescheduled for a therapeutic surgery where another device 0:18:42.840 --> 0:18:45.040 would have to be placed to remove the tissue. And 0:18:46.240 --> 0:18:48.800 what we're able to do now with this technology is 0:18:49.119 --> 0:18:53.000 use the same device to do both in the same hospitalization, 0:18:53.240 --> 0:18:57.159 which we think will cut down on hospitalization, surgeries, and 0:18:57.520 --> 0:19:00.879 even cost for the procedures. So we think this is 0:19:01.119 --> 0:19:02.280 a major accomplishment. 0:19:02.840 --> 0:19:08.480 Putting chips or other devices within the brain. The oxygen 0:19:08.520 --> 0:19:10.280 seems to have been sort of sucked out of the 0:19:10.359 --> 0:19:12.160 room by companies such as Neuralink. 0:19:12.240 --> 0:19:13.280 And I'm interested. 0:19:12.960 --> 0:19:15.760 In your perspective actually put the context around this. 0:19:15.880 --> 0:19:17.080 How long has this been happening? 0:19:17.080 --> 0:19:20.320 How long have we been putting bits of equipment devices 0:19:20.400 --> 0:19:22.680 into the brain to be ensuring that we know really 0:19:22.680 --> 0:19:23.160 what's going. 0:19:23.119 --> 0:19:27.840 On there for actually many many years, So it's not 0:19:28.040 --> 0:19:32.359 new for brain mapping, and even with companies like Neuralink 0:19:32.400 --> 0:19:39.720 and synchron you know, putting BCI devices in patience to 0:19:40.119 --> 0:19:43.680 help them move a computer mouse by just thinking that's 0:19:43.720 --> 0:19:46.520 been done for quite a long time. I think the 0:19:46.800 --> 0:19:49.440 eloquence of how they're doing it now is much much 0:19:49.480 --> 0:19:54.400 different by using wireless systems or less invasive systems where 0:19:54.400 --> 0:19:57.439 you're able to place the devices through a blood vessel. 0:19:57.760 --> 0:20:00.760 So that's really where the advancements have come recently. 0:20:01.560 --> 0:20:04.840 You're putting electrodes in the brain, and I'm interested as 0:20:04.920 --> 0:20:08.159 exactly what the different products are that you're developing and 0:20:08.200 --> 0:20:09.400 what they actually do. 0:20:10.680 --> 0:20:13.840 Yeah, so the electrodes that we have and the goal 0:20:13.880 --> 0:20:16.320 of this company was to always be able to use 0:20:16.359 --> 0:20:19.560 the same device to do mapping, to do ablation, and 0:20:19.640 --> 0:20:26.000 to do stimulation, which is another therapeutic treatment for conditions 0:20:26.119 --> 0:20:31.240 like Parkinson's disease and even epilepsy. But really what excites 0:20:31.280 --> 0:20:34.199 me about the future of this technology is not just 0:20:34.240 --> 0:20:37.560 the things that companies like Neuralink are trying to accomplish, 0:20:37.560 --> 0:20:41.080 which is really be able to help people that are paralyzed. 0:20:41.480 --> 0:20:44.919 I think the next wave of utilization for devices like 0:20:45.000 --> 0:20:48.679 ours is to be able to deliver new gene therapies 0:20:48.720 --> 0:20:51.760