We have quite a show for you tonight, I think you're going to like it.

As you can see, I just arrived in the RoboTaxi, the CyberCab, and there's 20 more where that is.

So they've been traveling, they're all, there's no people in them, as you can see, the car's just going by with no people.

We have 50 fully autonomous cars here tonight, so you'll see Model Ys and the CyberCab all driverless.

You'll be able to take a ride in the CyberCab, there's no steering wheel or pedals.

So I hope this goes well, we'll find out.

So, you see a lot of sci-fi movies where the future is dark, dismal, where it's not a future you want to be in.

So, you know, like, I love Blade Runner, but I don't know if we want that future.

I think we want that duster he's wearing, but not the bleak apocalypse.

We want to have a fun, exciting future that if you could look in a crystal ball and see the future, you'd be like, yes, I wish I could be there now.

That's what we want.

So when we think about transport today, there's a lot of pain that we take for granted that we think is normal.

Like having to drive around LA in like three hours of traffic.

Yeah, people that live in LA, I mean, try to get from Pasadena to El Segundo during rush hour, you can fly to another city faster than you can get to Crosstown, LA.

How many hours a week are cars used?

Your average passenger car is only used about 10 hours a week out of 168 hours.

So the vast majority of the time, cars are just doing nothing.

But if they're autonomous, they could be used, I don't know, five times more, maybe 10 times more.

So you could actually, for the same car, would have five times as much value, maybe 10 times as much value.

There's 168 hours in the week, and like I said, only 10 of them are used for driving.

So then a bunch of those hours are looking for a parking spot, which can be pretty annoying at times.

So with autonomy, you get your time back.

This is a very big deal.

So it'll save lives, like a lot of lives, and prevent injuries.

I think we'll see autonomous cars become 10 times safer than a human.

And if you think of times past, where there used to be an elevator operator in every elevator.

But once in a while, they get tired, and accidentally show somebody in half.

So now we have automated elevators.

You just get in an elevator, and you press a button.

And you don't even think about it.

And it just takes you to the floor.

And if you did see an elevator operator with a big relay switch, you'd be like, that's weird.

Now that's how cars will be.

And it's not just the lives saved in injuries, but if you think about the cumulative time that people spend in a car, and the time that they will get back, that they can now spend, I guess, on their phones, or watching a movie, or doing work, or whatever you want to do.

You can think of the car in an autonomous world as being like, just a little lounge.

You're just sitting in a comfortable little lounge.

And you can do whatever you want, while you're in this comfortable little lounge.

And when you get out, you will be at your destination.

So yeah, it's going to be awesome.

So in fact, I think the cost of autonomous transport will be so low that you can think of it like individualized mass transit.

The average cost of a bus per mile for a city, not the ticket price, because that is subsidized, but the average price is about $1 a mile.

Whereas the cost of CyberCab, we think probably over time, the operating cost is probably going to be around $0.20 a mile.

And price, including taxes and everything else, probably ends up being $0.30 or $0.40 a mile.

So, yes, and you will be able to buy one.

Yes, exactly.

And we expect the cost to be below $30,000.