ELON ON FSD: MOST PEOPLE DON’T UNDERSTAND WHAT’S ABOUT TO HAPPEN “Almost the entire fleet, which will pass 10 million vehicles next year, is capable of full autonomy. So, even without the Cybercab, we still actually have a gigantic fleet that is capable of being autonomous. And the thing about being an autonomous car is that it can be used much more than a car that is not autonomous. A typical passenger vehicle car will be used about 10 hours a week. If you have a car that's a robot car that can drive autonomously, it can now be used potentially for 80, maybe 100 hours a week. So, you could have a car that has 10 times the usefulness of a non-autonomous car, but it still costs the same. In fact, the fleet is already built, so the software update just enables that capability. Overnight you have an increase in usefulness of 10 million cars that suddenly become like 50 million cars or maybe 80 or 100 million cars of usefulness overnight. That's a profound thing. Nothing like that has ever happened before. There is no analogy. There's never been something where a software update increase the value of a gigantic asset base by a factor of like 500 to 1000%. So, it's very difficult for people in the stock market, especially those that look in the rearview mirror, which is most people, to imagine a future where suddenly a 10 million vehicle fleet has 5 to 10 times the usefulness. It's so profound and there's no comparison with anything in the past, so it doesn’t compute. But it will compute in the future.” Source: Tesla All-Hands, March 2025