Part 5/13:
Irwin emphasizes that Tesla’s energy storage is "red hot," providing a significant profit buffer amid fluctuating vehicle sales. With over $40 billion in cash and investments, Tesla could theoretically sustain operations even with zero vehicle sales for years, underscoring its financial resilience.
He highlights that the AI gold rush, with hundreds of billions—potentially trillions—being poured into AI training, will significantly strain energy resources. Tesla’s energy products are poised to capitalise on this demand surge, potentially generating profits that outstrip automotive revenues.