Tesla's Endgame Is Finally Becoming Clear

All right.

Let's get right into it right now with Robotaxi [notification chime] 'cause the rollout is happening a lot faster than a lot of us expected.

Tesla, as we just said, has been certified as a level four system for autonomous vehicles in the state of Texas.

This is for its Robotaxi fleet, which not as of right now, at least, doesn't include the Cybercab.

It is expected to include them in the very near future.

But all of those Model Ys, the ones that you tested out there in Austin, across Dallas, across Houston, the cities they're rolled out in, they are considered level four systems.

Most people are typically in the level one to level two category, Tesla being level two category.

That's basically partial automation, meaning you're responsible at all times to take over.

But once you get to level three, that becomes conditional automation where the car can drive itself, and conditionally you're allowed to take your eyes off the road, uh, but be ready if the car warns you that you need to take over immediately.

Level four, nobody needs to be in the driver's seat.

Nobody needs to pay attention, and that's specific to a, a set area or a geo-fenced area within a domain.

So if that's...

If the Tesla is in that zone, then Tesla will take liability at level four.

Waymo is at level four.

No one is at level five, which is the highest tier, and that, of course, is full automation.

Steering wheel is not required.

Pedals are not required.

That's where Cybercab is headed, and that is where we think sometime within the next year or two Tesla could be headed as well.

So I think what you said there, something that was really important, is that those are for the ones, Model Ys, that are in the geo-fenced area.

Correct.

Because that is, a lot of people see this and they hear Robotaxi, and they think Robotaxi, not Cybercab.

So that means my vehicle that I have at home now has level four.

But we're saying just Tesla's owned Model Ys that are in that geo-fenced area are now level four-

Yes

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