Defeatbeta Api について
Defeatbeta Apiは、開発者や金融分析向けのオープンソース市場データAPIです。株価、財務指標、財務諸表、決算説明会の記録を提供し、DuckDBでHugging Faceのデータセットを検索します。AI分析用のMCPサーバーも備えています。
主な機能
- 01株価と財務諸表データ
- 02拡張指標とSEC提出書類
- 03決算説明会の記録とニュース
- 04DCF評価スプレッドシートの自動生成
- 05LLMによる金融分析
活用シーン
- 01株価と四半期財務諸表の検索
- 02決算説明会の記録の確認
- 03DCF評価分析の作成
- 04MCP経由で金融データをAI分析に利用
MCP 対応
defeatbeta-api用のMCPサーバーを提供し、AIから分析機能にアクセスできます。
設定
ローカルサーバーの設定はどのクライアントでも共通です。コピーしてクライアントの MCP 設定ファイルに貼り付けてください。
ツール
58掲載時のツール一覧 · 2 週間前に更新
このツールにパラメーターはありません。
詳細
翻訳後に原文が更新されています。最新の内容は原文をご確認ください。
Defeat Beta API
%3D%22text%22%5D)%5B2%5D&label=Hugging%20Face%20Dataset&prefix=downloads%20&suffix=%2Fmonth&color=FFD21E&labelColor=111318&style=flat-square){kind=icon}
Yahoo Finance の市場データ API に代わる、より高い信頼性を備えたオープンソースの選択肢です。
詳しい使い方はサンプルガイドをご覧ください。また、
変更一覧は変更履歴をご覧ください。
はじめに
✅ 高性能で信頼性の高いデータエンジン：Hugging Face の yahoo-finance-data データセットで完全にホストされた、安定した再現性のある市場データソースを提供します。スクレイピングの問題やレート制限を回避できます。クエリの実行には DuckDB を使用し、DefeatBeta のローカルファイルキャッシュが、各クエリに必要な Parquet と JSON の範囲のみを取得します。
✅ 拡張された金融データ：TTM EPS、TTM PE、時価総額、PS 比率、PB 比率、PEG 比率、ROE、ROIC、WACC、ROA、自己資本倍率、資産回転率、SEC 提出書類、決算説明会のトランスクリプト、株式ニュース、セグメント別売上高、地域別売上高などを含みます（継続的に拡充中）。
✅ DCF 評価の自動化：プロフェッショナルな Excel 出力で、包括的な割引キャッシュフロー（DCF）分析を生成します。WACC の計算、10 年間のキャッシュフロー予測、企業価値と適正価格の推定、売買推奨をすべて自動で行い、すぐに使える完全編集可能なスプレッドシートを提供します。
✅ LLM を活用した分析：大規模言語モデル（LLM）を使用して、決算説明会のトランスクリプト、四半期ごとの財務変動、四半期予測を分析し、重要なデータを抽出し、指標の変動を把握し、予測要因を解釈できます。
✅ MCP サーバーの実装：defeatbeta-api 用の MCP サーバー実装を提供し、MCP を通じて AI が分析にアクセスできるようにします。MCP の活用方法について詳しくはこちらをご覧ください。
✅ スキルの実装：defeatbeta-api 用のスキル実装により、プロフェッショナルなワークフローを活用して AI の金融分析機能を強化します。Claude.ai、Manus、およびスキルに対応したその他の AI プラットフォームと互換性があります。
クイックスタート
インストール
pip を使用して、PYPI から defeatbeta-api をインストールします。
MacOS / Linux / Windows
$ pip install defeatbeta-api
💡
v0.0.60以降、Windows にネイティブ対応しています。現在のデータセットキャッシュは、Windows、macOS、Linux で同じ Python ファイルシステムインターフェイスを使用します。
使い方
会社のティッカーシンボルを指定して Ticker クラスをインスタンス化します。たとえば、Tesla, Inc. のデータを取得するには、次のようにします。
import defeatbeta_api
from defeatbeta_api.data.ticker import Ticker
ticker = Ticker('TSLA')
以下の例では、一般的な API の使用パターンを紹介します（その他の例はこちらのドキュメントをご覧ください）。
例：株価データの取得
ticker.price()
>>> ticker.price()
symbol report_date open close high low volume
0 TSLA 2010-06-29 1.27 1.59 1.67 1.17 281494500
1 TSLA 2010-06-30 1.72 1.59 2.03 1.55 257806500
2 TSLA 2010-07-01 1.67 1.46 1.73 1.35 123282000
3 TSLA 2010-07-02 1.53 1.28 1.54 1.25 77097000
4 TSLA 2010-07-06 1.33 1.07 1.33 1.06 103003500
... ... ... ... ... ... ... ...
3716 TSLA 2025-04-07 223.78 233.29 252.00 214.25 183453800
3717 TSLA 2025-04-08 245.00 221.86 250.44 217.80 171603500
3718 TSLA 2025-04-09 224.69 272.20 274.69 223.88 219433400
3719 TSLA 2025-04-10 260.00 252.40 262.49 239.33 181722600
3720 TSLA 2025-04-11 251.84 252.31 257.74 241.36 128656900
[3721 rows x 7 columns]
例：財務諸表へのアクセス
statement = ticker.quarterly_income_statement()
print(statement.print_pretty_table())
>>> statement=ticker.quarterly_income_statement()
>>> statement.print_pretty_table()
|------------------------------------------------------------+------------+---------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------|
| Breakdown | TTM | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 |
|------------------------------------------------------------+------------+---------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------|
| +Total Revenue | 97,690,000 | 25,707,000 | 25,182,000 | 25,500,000 | 21,301,000 | 25,167,000 | 23,350,000 | 24,927,000 | * | * | * | 16,934,000 |
| Operating Revenue | 97,690,000 | 25,707,000 | 25,182,000 | 25,500,000 | 21,301,000 | 25,167,000 | 23,350,000 | 24,927,000 | * | * | * | 16,934,000 |
| Cost of Revenue | 80,240,000 | 21,528,000 | 20,185,000 | 20,922,000 | 17,605,000 | 20,729,000 | 19,172,000 | 20,394,000 | * | * | * | 12,700,000 |
| Gross Profit | 17,450,000 | 4,179,000 | 4,997,000 | 4,578,000 | 3,696,000 | 4,438,000 | 4,178,000 | 4,533,000 | * | * | * | 4,234,000 |
| +Operating Expense | 9,690,000 | 2,589,000 | 2,225,000 | 2,351,000 | 2,525,000 | 2,374,000 | 2,414,000 | 2,134,000 | * | * | * | 1,628,000 |
| Selling General and Administrative | 5,150,000 | 1,313,000 | 1,186,000 | 1,277,000 | 1,374,000 | 1,280,000 | 1,253,000 | 1,191,000 | * | * | * | 961,000 |
| Research & Development | 4,540,000 | 1,276,000 | 1,039,000 | 1,074,000 | 1,151,000 | 1,094,000 | 1,161,000 | 943,000 | * | * | * | 667,000 |
| Operating Income | 7,760,000 | 1,590,000 | 2,772,000 | 2,227,000 | 1,171,000 | 2,064,000 | 1,764,000 | 2,399,000 | * | * | * | 2,606,000 |
| +Net Non-Operating Interest Income Expense | 1,219,000 | 346,000 | 337,000 | 262,000 | 274,000 | 272,000 | 244,000 | 210,000 | * | * | * | -18,000 |
| Non-Operating Interest Income | 1,569,000 | 442,000 | 429,000 | 348,000 | 350,000 | 333,000 | 282,000 | 238,000 | * | * | * | 26,000 |
| Non-Operating Interest Expense | 350,000 | 96,000 | 92,000 | 86,000 | 76,000 | 61,000 | 38,000 | 28,000 | * | * | * | 44,000 |
| +Other Income Expense | 11,000 | 830,000 | -325,000 | -602,000 | 108,000 | -145,000 | 37,000 | 328,000 | * | * | * | -114,000 |
| +Special Income Charges | -684,000 | -7,000 | -55,000 | -622,000 | * | 0 | 0 | 0 | * | -34,000 | 0 | -142,000 |
| Restructuring & Mergers Acquisition | 684,000 | 7,000 | 55,000 | 622,000 | * | 0 | 0 | 0 | * | 34,000 | 0 | 142,000 |
| Other Non Operating Income Expenses | 695,000 | 837,000 | -270,000 | 20,000 | 108,000 | -145,000 | 37,000 | 328,000 | * | * | * | 28,000 |
| Pretax Income | 8,990,000 | 2,766,000 | 2,784,000 | 1,887,000 | 1,553,000 | 2,191,000 | 2,045,000 | 2,937,000 | * | * | * | 2,474,000 |
| Tax Provision | 1,837,000 | 434,000 | 601,000 | 393,000 | 409,000 | -5,752,000 | 167,000 | 323,000 | * | * | * | 205,000 |
| +Net Income Common Stockholders | 7,130,000 | 2,314,000 | 2,167,000 | 1,478,000 | 1,171,000 | 7,927,000 | 1,851,000 | 2,703,000 | * | * | * | 2,256,000 |
| +Net Income(Attributable to Parent Company Shareholders) | 7,130,000 | 2,356,000 | 2,167,000 | 1,478,000 | 1,129,000 | 7,930,000 | 1,853,000 | 2,703,000 | * | * | * | 2,259,000 |
| +Net Income Including Non-Controlling Interests | 7,153,000 | 2,332,000 | 2,183,000 | 1,494,000 | 1,144,000 | 7,943,000 | 1,878,000 | 2,614,000 | * | * | * | 2,269,000 |
| Net Income Continuous Operations | 7,153,000 | 2,332,000 | 2,183,000 | 1,494,000 | 1,144,000 | 7,943,000 | 1,878,000 | 2,614,000 | * | * | * | 2,269,000 |
| Minority Interests | -23,000 | 24,000 | -16,000 | -16,000 | -15,000 | -13,000 | -25,000 | 89,000 | * | * | * | -10,000 |
| Otherunder Preferred Stock Dividend | * | * | 0 | * | -42,000 | * | 2,000 | 0 | -5,000 | * | 0 | 3,000 |
| Adjustments for Dilutive Securities | 0 | * | * | * | * | 0 | 0 | 0 | * | 0 | 0 | 0 |
| Diluted NI Available to Com Stockholders | 7,130,000 | 2,314,000 | 2,167,000 | 1,478,000 | 1,171,000 | 7,927,000 | 1,851,000 | 2,703,000 | * | * | * | 2,256,000 |
| Basic EPS | 3.41 | * | 0.68 | 0.46 | 0.37 | 2.49 | 0.58 | 0.85 | * | * | * | 0.73 |
| Diluted EPS | 3.1 | * | 0.62 | 0.42 | 0.34 | 2.27 | 0.53 | 0.78 | * | * | * | 0.65 |
| Basic Average Shares | 3,168,250 | * | 3,198,000 | 3,191,000 | 3,186,000 | 3,181,000 | 3,176,000 | 3,171,000 | * | * | * | 3,111,000 |
| Diluted Average Shares | 3,480,250 | * | 3,497,000 | 3,481,000 | 3,484,000 | 3,492,000 | 3,493,000 | 3,478,000 | * | * | * | 3,464,000 |
| Total Operating Income as Reported | 7,076,000 | 1,583,000 | 2,717,000 | 1,605,000 | 1,171,000 | 2,064,000 | 1,764,000 | 2,399,000 | * | * | * | 2,464,000 |
| Rent Expense Supplemental | 1,003,000 | 242,000 | 247,000 | 245,000 | 269,000 | 296,000 | 301,000 | 338,000 | * | * | * | * |
| Total Expenses | 89,930,000 | 24,117,000 | 22,410,000 | 23,273,000 | 20,130,000 | 23,103,000 | 21,586,000 | 22,528,000 | * | * | * | 14,328,000 |
| Net Income from Continuing & Discontinued Operation | 7,130,000 | 2,356,000 | 2,167,000 | 1,478,000 | 1,129,000 | 7,930,000 | 1,853,000 | 2,703,000 | * | * | * | 2,259,000 |
| Normalized Income | 7,677,200 | 2361901663.05 | 2,209,900 | 1,969,380 | 1,129,000 | 7,930,000 | 1,853,000 | 2,703,000 | * | * | * | 2,389,640 |
| Interest Income | 1,569,000 | 442,000 | 429,000 | 348,000 | 350,000 | 333,000 | 282,000 | 238,000 | * | * | * | 26,000 |
| Interest Expense | 350,000 | 96,000 | 92,000 | 86,000 | 76,000 | 61,000 | 38,000 | 28,000 | * | * | * | 44,000 |
| Net Interest Income | 1,219,000 | 346,000 | 337,000 | 262,000 | 274,000 | 272,000 | 244,000 | 210,000 | * | * | * | -18,000 |
| EBIT | 9,340,000 | 2,862,000 | 2,876,000 | 1,973,000 | 1,629,000 | 2,252,000 | 2,083,000 | 2,965,000 | * | * | * | 2,518,000 |
| EBITDA | 14,708,000 | 4,358,000 | 4,224,000 | 3,251,000 | 2,875,000 | 3,484,000 | 3,318,000 | 4,119,000 | * | * | * | * |
| Reconciled Cost of Revenue | 80,240,000 | 21,528,000 | 20,185,000 | 20,922,000 | 17,605,000 | 20,729,000 | 19,172,000 | 20,394,000 | * | * | * | 12,700,000 |
| Reconciled Depreciation | 5,368,000 | 1,496,000 | 1,348,000 | 1,278,000 | 1,246,000 | 1,232,000 | 1,235,000 | 1,154,000 | * | * | * | 922,000 |
| Net Income from Continuing Operation Net Minority Interest | 7,130,000 | 2,356,000 | 2,167,000 | 1,478,000 | 1,129,000 | 7,930,000 | 1,853,000 | 2,703,000 | * | * | * | 2,259,000 |
| Total Unusual Items Excluding Goodwill | -684,000 | -7,000 | -55,000 | -622,000 | * | 0 | 0 | 0 | * | -34,000 | 0 | -142,000 |
| Total Unusual Items | -684,000 | -7,000 | -55,000 | -622,000 | * | 0 | 0 | 0 | * | -34,000 | 0 | -142,000 |
| Normalized EBITDA | 15,392,000 | 4,365,000 | 4,279,000 | 3,873,000 | 2,875,000 | 3,484,000 | 3,318,000 | 4,119,000 | * | * | * | 3,582,000 |
| Tax Rate for Calcs | 0.2 | 0.16 | 0.22 | 0.21 | 0.26 | 0.21 | 0.08 | 0.11 | * | * | * | 0.08 |
| Tax Effect of Unusual Items | -136,800 | -1098336.95 | -12,100 | -130,620 | 0 | 0 | 0 | 0 | * | * | * | -11,360 |
|------------------------------------------------------------+------------+---------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------|
例：決算説明会のトランスクリプトへのアクセス
トランスクリプト一覧の取得
transcripts = ticker.earning_call_transcripts()
transcripts.get_transcripts_list()
>>> transcripts = ticker.earning_call_transcripts()
>>> transcripts.get_transcripts_list()
symbol fiscal_year fiscal_quarter report_date
0 TSLA 2011 2 2011-08-03
1 TSLA 2011 3 2011-11-03
2 TSLA 2011 4 2012-02-16
3 TSLA 2012 1 2012-05-09
4 TSLA 2012 2 2012-07-25
.. ... ... ... ...
55 TSLA 2025 1 2025-04-22
56 TSLA 2025 2 2025-07-23
57 TSLA 2025 3 2025-10-22
58 TSLA 2025 4 2026-01-28
59 TSLA 2026 1 2026-04-22
[60 rows x 4 columns]
注： この呼び出しで返されるのはメタデータのみです。トランスクリプトの段落は、
get_transcript(fiscal_year, fiscal_quarter)を通じて必要に応じて取得されます。この処理では、サーバー側でフィルターされたクエリ （列の絞り込みと期間によるフィルタリング）が実行されるため、利用可能な四半期の数にかかわらず、カタログ一覧の取得コストを抑えられます。
2024 年第 4 四半期の決算説明会トランスクリプトの取得
transcripts = ticker.earning_call_transcripts()
transcripts.get_transcript(2024, 4)
>>> transcripts.get_transcript(2024, 4)
paragraph_number speaker content
0 1 Operator Good afternoon, everyone and welcome to Tesla'...
1 2 Elon Musk Thank you. So, in summary, in Q4, we set a rec...
2 3 Travis Axelrod Great. Thank you very much, Elon. And, Vaibhav...
3 4 Vaibhav Taneja Yeah, I'll talk about things on Earth. As Elon...
4 5 Travis Axelrod Great. Thank you very much, Vaibhav. Now, we w...
.. ... ... ...
74 75 Vaibhav Taneja So, is your question, Dan, that how do we marr...
75 76 Travis Axelrod Go ahead and unmute yourself, Dan.
76 77 Dan Levy Yeah. More so just how much more aggressively ...
77 78 Elon Musk Well, right now, the constraint we're trying t...
78 79 Travis Axelrod Great. Alrighty. And with that, I think we are...
[79 rows x 3 columns]
2024年第4四半期決算説明会の表を整形して表示
transcripts = ticker.earning_call_transcripts()
transcripts.print_pretty_table(2024, 4)
>>> transcripts.print_pretty_table(2024, 4)
Earnings Call Transcripts FY2024 Q4 (Reported on 2025-01-29)
+--------------------+-------------------------------------+---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| paragraph_number | speaker | content |
+====================+=====================================+=========================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================================+
| 1 | Operator | Good afternoon, everyone and welcome to Tesla's Fourth Quarter 2024 Q&A Webcast. My name is Travis Axelrod, the Head of Investor Relations here at Tesla, and I am joined today by Elon Musk and Vaibhav Taneja and a number of other executives. Our Q4 results were announced at about 3.00 p.m. Central Time in the update deck we published at the same link as this webcast. During this call, we will discuss our business outlook and make forward-looking statements. These comments are based on our predictions and expectations as of today. Actual events or results could differ materially due to a number of risks and uncertainties, including those mentioned in our most recent filings with the SEC. During the question-and-answer portion of today's call, please limit yourself to one question and one follow-up. Please use the raise hand button to join the question queue. Before we jump into Q&A, Elon has some opening remarks. Elon? |
+--------------------+-------------------------------------+---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 2 | Elon Musk | Thank you. So, in summary, in Q4, we set a record and delivered vehicles at an annualized rate of nearly 2 million a year. So, congratulations to the Tesla team on excellent work, achieving record production and deliveries. Model Y was the best-selling vehicle of any kind for 2024. That's worth noting. Not just the best electric vehicle, the best vehicle of any kind on earth, number one was Model Y. We're staying focused on maximizing volumes and obviously doubling down for, I don't know what, it really, I was going to say doubling down on autonomy, but really it's like autonomy is like 10x-ing. Frankly, doubling is not even enough. We made many critical investments in 2024 in manufacturing AI and robotics that will bear immense fruit in the future, immense. Like it's, in fact, to such a scale that it is difficult to comprehend. And I've said this before, and I'll stand by it. I see a path, I'm not saying it's an easy path, but I see a path for Tesla being the most valuable company in the world by far, not even close. Like, maybe several times more than, I mean, there is a path where Tesla is worth more than the next top five companies combined. There's a path to that. I mean, I think it's like an incredibly, just like a difficult path, but it is an achievable path. So -- and that is overwhelmingly due to autonomous vehicles and autonomous humanoid robots. So, our focus is actually building towards that. And that's where we're laying the ground. We laid the ground work for that in 2024. We'll continue to lay the ground work for that in 2025. In fact, more than laid the groundwork actually, so it would be building the structure, it’d be we're building the manufacturing lines and like -- like, setting up for what I think will be an epic 2026 and a ridiculous ‘27 and ‘28. Ridiculously good. That is my prediction. As yet, very few people understand the value of Full Self Driving and our ability to monetize the fleet. I've -- some of these things I've said for quite a long time and I know people said, well, Elon is the boy who cried wolf like several times but I'm telling you there's a damn wolf this time and you can drive it. In fact, it can drive you. It's a self-driving wolf. For a lot of people, like their experience of Tesla autonomy is like, if it's even a year old, if it's even two years old, it's like meeting someone when they're like a toddler and thinking that they're going to be a toddler forever. But obviously they're not going to be a toddler forever if they grow up. But if their last experience was like, FSD was a toddler, it's like, well, it's grown up now. Have you seen it? It's like walks and talks. And that's really what we've got. And it's difficult for people to understand this because human intuition is linear as opposed to what we're seeing is exponential progress. So, that's why my number one recommendation for anyone who doubts is simply try it. Have you tried it? When's the last time you tried it? And the only people who are skeptical, the only people who are skeptical are those who have not tried it. So, a car goes -- a passenger car typically has only about 10 hours of utility per week out of 168. A very small percentage. Once that car is autonomous, my rough estimate is that it is in use for at least a third of the hours of the week. So, call it 50, maybe 55 hours of the week. And it can be useful both for cargo delivery and people delivery. So, even let's say people are asleep, but you can deliver packages in the middle of the night or resupply restaurants or whatever the case may be, whatever people need at all hours of the day or night. That same asset, the thing that these things that already exist with no incremental cost change, just a software update, now have five times or more the utility than they currently have. I think this will be the largest asset value increase in human history. Maybe there's something bigger, but I just don't know what it is. And so people who look in the rearview mirror are looking for past precedent, except I don't think there is one. So -- but the reality of autonomy is upon us. And I repeat my advice, try driving the car or let it drive you. So, now it works very well in the US, but of course it will over time work just as well everywhere else. So, we're working hard to grow our annual volumes. Our constraint this year -- our current constraint is battery packs this year, but we're working on addressing that constraint. And I think we will make progress on addressing that constraint. And then things are really going to go ballistic next year, and really ballistic in ‘27 and ‘28. So, yeah. So, a bit more on Full Self Driving. Our Q4 Vehicle Safety Report shows continued year-over-year improvement in safety for vehicles so that the safety numbers, if somebody has supervised Full Self Driving turned on or not, the safety differences are gigantic. So, and people have seen the immense improvement with Version 13 and with incremental versions in Version 13 and then Version 14 is going to be yet another step beyond that that is very significant. We launched the Cortex training cluster at Gigafactory Austin, which was a significant contributor to FSD advancement, and we continue to invest in training infrastructure out of Texas headquarters. So, the training needs for Optimus or Optimus humanoid robot are probably at least ultimately 10x of what's needed for the car, at least to get to the full range of useful roles. You can say, how many different roles are there for a humanoid robot versus a car? Humanoid robot has probably, well, 1000 times more uses and more complex things than in a car. That doesn't mean the training scales by a 1000, but it's probably 10x. Now you can do this progressively. So it doesn't mean like, or Tesla is going to spend like $500 billion in training compute. Because we obviously train Optimus to do enough tasks to match the output of Optimus robots. And obviously, the cost of training is dropping dramatically with time. So, it is one of those things where I think long-term, Optimus will be -- Optimus has the potential to be north of $10 trillion in revenue. Like, it's really bananas. So that you can obviously afford a lot of training compute in that situation. In fact, even $500 billion training compute in that situation would be quite a good deal. Yeah. The future's going to be incredibly different from the past, that's for sure. We live at this unbelievable inflection point in human history. So, yeah. So, the proof is in the pudding. So, we're going to be launching unsupervised Full Self Driving as a paid service in Austin in June. So -- and I've talked with the team. We feel confident in being able to do an initial launch of unsupervised, no one in the car, Full Self Driving in Austin in June. We already have Tesla's operating autonomously unsupervised Full Self Driving at our factory in Fremont and we’ll soon be doing that at our factory in Texas. So, thousands of cars every day are driving with no one in them at our Fremont factory in California. They will soon be doing that in Austin and then elsewhere in the world for the rest of our factories which is pretty cool. And the cars aren't just driving to exactly the same spot because obviously it all, [went and collide] (ph) at the same spot. The cars are actually programmed with what lane they need to park in to be picked up for delivery. So, they drive from the factory end of line to their specific - to their destination parking spot and then could be picked up for delivery to customers and then doing this reliably every day, thousands of times a day. It's pretty cool. Like I said, the Teslas will be in the wild with no one in them, in June in Austin. So, what I'm saying is this is not some far-off mythical situation. It's literally, five, six months away, five months away kind of thing. And while we're stepping into -- putting our toe in the water gently at first, just to make sure everything's cool, our solution is a generalized AI solution. It does not require high precision maps of a locality. So we just want to be cautious. It's not that it doesn't work beyond Austin. In fact, it does. We just want to be, put a toe in the water, make sure everything is okay, then put a few more toes in the water, then put a foot in the water with safety of the general public and those in the car as our top priority. With regard to Optimus, obviously I'm making these revenue predictions that sound absolutely insane. I realize that. But they are, I think, they will prove to be accurate. Yeah. Now, with Optimus, there's a lot of uncertainty on the exact timing, because it's not like a train arriving at the station for Optimus. We are designing the train and the station and in real time while also building the tracks. And so they're like, people shouldn’t say like, why didn't the train arrive exactly at 12:05? We're literally designing the train and the track and the station in real time while you're saying, how can we predict this thing with absolute precision? It's impossible. The normal internal plan calls for roughly 10,000 Optimus robots to be built this year. Will we succeed in building 10,000 exactly by the end of December this year? Probably not, but will we succeed in making several thousand? Yes, I think we will. Will those several thousand Optimus robots be doing useful things by the end of year? Yes, I'm confident they will do useful things. The Optimus in use at the Tesla factories, production design one, will inform how - what we change for production design two, which we expect to launch next year. And our goal is to ramp prompt Optimus production faster than maybe anything's ever been ramped. Meaning, like aspirationally an order of magnitude ramp per year. Now, if we aspire to an order of magnitude ramp per year, perhaps we only end up with a half order of magnitude per year. But that's the kind of growth that we're talking about. It doesn't take very many years before we're making 100 million of these things a year. If you go up by, let's say, a factor, by 5x per year, insane. Not 50%, 500%. So, these are big growth numbers. Yeah. But we do need to be -- this is an entirely new supply chain, is entirely new technology. There's nothing off the shelf to use. We try desperately with Optimus to use any existing motors, any actuators, sensors, nothing worked for our humanoid robot, at any price. We had to design everything from physics first principles to work for a humanoid robot and with the most sophisticated hand that has ever been made before, by far. And Optimus will be able to like play the piano and be able to thread a needle. I mean this is the level of precision no one has been able to achieve. And so it's really something special. So, yeah, so -- and my prediction long term is that Optimus will be overwhelmingly the value of the company. Regarding energy, back to Earth. Mr. Elon, can you come back here for a minute? Okay, back to Earth. Energy storage is a big deal and will become, it's already super important, will become incredibly important in the future. And it is something that enables far greater energy output to the grid than is currently possible. Because the grid, the grids are -- the vast majority of the grid has no energy storage capability. So, they have to design the power plants to, for very high peaks and assuming that there's no energy storage. Once you have grid energy storage and home-based energy storage, the actual total energy output per year of the grid is dramatically greater than people think. Maybe it's at least double. This will drive the demand of stationary battery packs, and especially the grid scale ones, to insane, basically as much demand as we could possibly make. So, we have our second factory, which is in Shanghai, that's starting operation and we're building a third factory. So we're trying to ramp output of the stationary battery storage as quickly as possible. Now, there is a challenge here where we have to be careful to that we're not robbing from one pocket to take to another pocket because for a given gigawatt hours per year of the cell output, we have to say, does it go into stationary applications or mobile applications? It can't go both into both. So, we have to make that trade-off. Yeah. But overall, the demand for total gigawatt hours of batteries, whether mobile or stationary, that will grow in a very, very big way over time. So, in conclusion, 2025 really is a pivotal year for Tesla. And when we look back on 2025 and the launch of unsupervised Full Self Driving, true real-world AI that actually works, I think they may regard it as the biggest year in Tesla history, maybe even bigger than our first car, the Roadster or the Model S, so the Model 3 or Model Y. In fact, I think it probably will be viewed ‘25 as maybe the most important year in Tesla's history. There is no company in the world that is as good at real-world AI as Tesla. I don't even know who’s in second place. Like, you say like who's in second place for real-world AI. I would need a very big telescope to see them. That's how far behind they are. All right. |
+--------------------+-------------------------------------+---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 3 | Travis Axelrod | Great. Thank you very much, Elon. And, Vaibhav has some opening remarks as well. |
+--------------------+-------------------------------------+---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 4 | Vaibhav Taneja | Yeah, I'll talk about things on Earth. As Elon mentioned, in Q4, we set records in vehicle deliveries and energy storage deployments in an uncertain macro environment. We were able to grow auto and energy storage volumes both sequentially and on a year-on-year basis. For this, I would like to thank the efforts of everyone at Tesla to make this a reality and our customers who helped us achieve this feat. Coming into the fourth quarter, our focus was to reduce inventory levels in the automotive business and we accomplished that by ending the quarter with the lowest finished good inventory in the last two years. This was a result of offering not only attractive financing options but also other discounts and programs which impacted ASPs. While we saw volume growth in almost all regions that we operate in, we hit a new record for deliveries in the Greater China market. This is an encouraging trend since we grew volume in a highly competitive BEV market. On the automotive margin front, we saw a quarter-over-quarter decline primarily due to lower ASPs and due to the recognition of FSD related revenue in Q3 from feature releases. Our journey on cost reduction continues, and we were able to get our overall cost per car down below $35,000, primarily by material costs. This was despite increased depreciation and other costs as we prepare for the transition to the new Model Y for which we recently started taking orders in all markets. All our factories will start producing the new Model Y next month while we feel confident in our team’s abilities to ramp production quickly, know that it is an unprecedented change and we are not aware of anybody else taking the best-selling car on the planet and updating all factories at the same time. This changeover will result in several weeks of lost production in the quarter. As a result, margins will be impacted due to idle capacity and other ramp related costs, as is common in any launch, but will be overcome as production is ramped. We will be introducing several new products throughout 2025. We are still on track to launch a more affordable model in the first half of 2025 and will continue to expand our lineup from there. From a dollar-for-dollar basis, we believe we have the most compelling lineup today compared to the industry, and it will continue to get better from here. As always, all our products come with the best software in the industry, autonomy features and capable of full autonomy in the future. And despite the premium experience, the total cost of ownership is close to mass market, less premium competitors. Energy storage deployments reached an all-time high in Q4, and this -- and resulted in -- but declined sequentially. This was a result of higher -- sorry, growth came from Megapack and Powerwall. Both businesses continue to be supply constrained, and like Elon mentioned, we're trying to ramp up production with Megafactory Shanghai coming online this quarter onwards. While quarterly deployments will likely continue to fluctuate sequentially, we expect at least 50% growth in deployments year-over-year in 2025. Gross profit and margins in the service and other business was up year-over-year but declined sequentially. This was the result of higher service center costs and lower profit from used car business. The businesses within service and other primarily support our new car business, especially through their impact on total cost of ownership. Therefore, while we manage them to be positive on a GAAP basis, we do not expect similar margins as the rest of the business. There's a lot of uncertainty around tariffs. Over the years, we've tried to localize our supply chain in every market, but we are still very reliant on parts from across the world for all our businesses. Therefore, the imposition of tariffs, which is very likely, and any [Indiscernible] will have an impact on our business and profitability. Our operating expenses grew both year-over-year and sequentially. The biggest driver of the increase was R&D as we continue to invest in AI-related initiatives. The remaining increase came from growth in our sales capabilities and marketing efforts from referral program. For 2025, we expect operating expenses to increase to support our growth initiatives. It is important to point out that the net income in Q4 was impacted by a $600 million mark-to-market benefit from Bitcoin due to the adoption of a new accounting standard for digital assets, whereby we will change -- we will take mark-to-market adjustments through other income every reporting period going forward. Our free cash flow for the quarter was $2 billion, and despite CapEx increase of over $2.4 billion in 2024, we were able to generate free cash flow of $3.6 billion for the year. CapEx efficiency is something we are extremely focused on. While we have invested in AI-related initiatives, we have done so in a very targeted manner to utilize the spend to get immediate benefits. The build-out of Cortex was accelerated because of the role -- actually to accelerate the rollout of FSD Version 13. Accumulative AI-related CapEx, including infrastructure, so far has been approximately $5 billion. And for 2025, we expect our CapEx to be flat on a year-over-year basis. In conclusion, like Elon said, 2025 is going to be a pivotal year for Tesla. There are a lot of investments which we have made and will continue to make in this coming year, which will set the pace for the next phase of growth. And it is something which now I'm getting out of earth, it is going to be out of this world. And we just are putting the right foundation. And that's all I have. |
+--------------------+-------------------------------------+---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 5 | Travis Axelrod | Great. Thank you very much, Vaibhav. Now, we will move over to investor questions and we'll start with say.com. The first question is, is unsupervised FSD still planned to be released in Texas and California this year? What hurdles still exist to make that happen? You addressed the Texas piece, I think, already, so... |
| ... ... |
+--------------------+-------------------------------------+---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 75 | Vaibhav Taneja | So, is your question, Dan, that how do we marry our future growth aspects with FSD? |
+--------------------+-------------------------------------+---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 76 | Travis Axelrod | Go ahead and unmute yourself, Dan. |
+--------------------+-------------------------------------+---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 77 | Dan Levy | Yeah. More so just how much more aggressively you would be willing to sell your cars versus in light of your improvements on FSD. |
+--------------------+-------------------------------------+---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 78 | Elon Musk | Well, right now, the constraint we're trying to solve is battery production as opposed to demand. So, there are -- now Q1, we've got this massive factory retooling for the new Model Y, for example. That obviously has a short-term impact on output. But the problem we are seeing with, in fact, we're talking that the executive team and I were talking about just before this call was we've got to figure out how to increase total gigawatt hours of battery production this year one way or another. That's the constraint on our output. |
+--------------------+-------------------------------------+---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 79 | Travis Axelrod | Great. Alrighty. And with that, I think we are all done for today. So, thanks, everyone, so much for all your questions. We look forward to talking to you next quarter. Thank you very much, and goodbye. |
+--------------------+-------------------------------------+---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
金融ニュースへのアクセス
news = ticker.news()
news.print_pretty_table("b67526eb-581a-35b2-8357-b4f282fe876f")
>>> news.print_pretty_table("b67526eb-581a-35b2-8357-b4f282fe876f")
3 of the Cheapest Artificial Intelligence Stocks to Buy Right Now
╭──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────╮
│ Motley Fool / 2025-06-06 / STORY │
│ [AMD, BABA, GOOG] │
│ https://finance.yahoo.com/m/b67526eb-581a-35b2-8357-b4f282fe876f/3-of-the-cheapest-artificial.html │
│ │
│Key Points │
│ │
│The tech companies listed here are all investing heavily in artificial intelligence. │
│ │
│Their valuations are modest when factoring in their long-term growth opportunities. │
│ │
│10 stocks we like better than Alphabet › │
│ │
│Want to add some promising artificial intelligence (AI) stocks to your portfolio, without paying an obscene price? │
│While many stocks are trading at inflated valuations, there are still many good options out there to consider, which │
│can deliver strong returns for your portfolio. │
│ │
│Three AI stocks that possess a lot of upside and are among the cheapest options for growth investors to buy right now │
│are Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Alibaba Group Holdings (NYSE: BABA), and Advanced Micro Devices (NASDAQ: │
│AMD). Here's why it may not be too late to invest in these stocks. │
│ │
│Alphabet │
│ │
│Shares of Alphabet are down around 11% this year as investors are concerned about antitrust issues and a possible │
│breakup of the business, or at the very least, changes to its core operations. But there's a lot to like about the │
│business. The company is planning to spend $75 billion on capital expenditures this year as it works on creating next-│
│generation technologies. │
│ │
│Alphabet's core business also still looks solid. Investors shouldn't forget that while ChatGPT has been around for │
│multiple years now, Alphabet's ad business still remains strong -- the popular chatbot hasn't made a big dent in the │
│company's earnings. During the first three months of this year, Alphabet's revenue totaled $90.2 billion, which came │
│in better than expectations and rose by 12% year over year. │
│ │
│Earlier this year, it announced plans to acquire cybersecurity company Wiz for $32 billion. It's a great asset to add │
│into the mix to enhance its growth prospects even further. Alphabet already has its own chatbot, Gemini, a robotaxi in│
│Waymo, plus its amazingly popular core assets -- YouTube and Google Search. With an abundance of growth potential, │
│Alphabet looks like a steal of a deal, trading at just 19 times its trailing earnings. │
│ │
│Alibaba Group Holdings │
│ │
│If you're looking for more of a discounted AI stock to buy, then Alibaba may be to your liking. At 15 times its │
│trailing earnings, its valuation is low and it compensates investors for the risk that comes with buying shares of │
│this Chinese company. │
│ │
│Alibaba recently released its latest AI model, Qwen3, which uses "hybrid reasoning" that can balance deep-thinking │
│tasks alongside more standardized questions where speed is important. Tech giant Apple has partnered with Alibaba and │
│is integrating the Chinese company's AI in its new iPhones, which is a great testament to the effectiveness and │
│potential for Alibaba's AI in the future. │
│ │
│During the first three months of the year, Alibaba says its AI-related product revenue grew by triple digits for a │
│seventh straight quarter. Although its total revenue grew by just 7% to $32.6 billion, Alibaba's vast business (which │
│includes online retail, cloud, and logistics) is why its AI revenue isn't standing out more. But there's potential for│
│it to be a huge growth catalyst for years to come. │
│ │
│Advanced Micro Devices │
│ │
│Investing in a top chipmaker is another good way to gain a position in AI. Advanced Micro Devices, also known as AMD, │
│is one of Nvidia's main rivals. │
│ │
│The stock doesn't look terribly cheap as it's trading at a price-to-earnings multiple of 80. But when you look at its │
│price/earnings-to-growth (PEG) multiple, which factors in how much growth analysts are expecting over the coming │
│years, that ratio is at less than 0.6. For growth investors, anything less than one is a good multiple for PEG, and │
│AMD is well below that level. │
│ │
│The company's business has been doing well recently with AMD's revenue rising by 36% for the period ending March 29, │
│totaling $7.4 billion. Its new AI chips are proving to be in high demand, and if the company can keep on this pace, │
│then there could be a lot of upside for AMD down the road. │
│ │
│CEO Lisa Su has previously forecast that its AI chip business could bring in tens of billions in potential revenue in │
│the future. And if those projections turn out true, then this could indeed become one of the best AI stocks to buy │
│right now. │
│ │
│Should you invest $1,000 in Alphabet right now? │
│ │
│Before you buy stock in Alphabet, consider this: │
│ │
│The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to │
│buy now… and Alphabet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming │
│years. │
│ │
│Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our │
│recommendation, you’d have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the│
│time of our recommendation, you’d have $869,841!* │
│ │
│Now, it’s worth noting Stock Advisor’s total average return is 789% — a market-crushing outperformance compared │
│to 172% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor. │
│ │
│See the 10 stocks » │
│ │
│*Stock Advisor returns as of June 2, 2025 │
│ │
│Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. David Jagielski has no │
│position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, │
│Alphabet, Apple, and Nvidia. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy. │
│ │
│3 of the Cheapest Artificial Intelligence Stocks to Buy Right Now was originally published by The Motley Fool │
│ │
╰──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────╯
例：複数のティッカーを一括取得する
Tickers を使用すると、複数のシンボルのデータを1回の並列呼び出しで取得できます。
from defeatbeta_api.data.tickers import Tickers
tickers = Tickers(['NVDA', 'SHOP', 'TSLA'])
DataFrameを返すメソッドでは、すべてのティッカーが symbol 列を含む1つの結果にまとめられます。
tickers.price()
>>> tickers.price()
symbol report_date open close high low volume
0 NVDA 1999-01-22 0.37 0.40 0.41 0.37 1379400000
1 NVDA 1999-01-25 0.41 0.43 0.43 0.40 476400000
... ... ... ... ... ... ... ...
10232 TSLA 2025-04-10 260.00 252.40 262.49 239.33 181722600
10233 TSLA 2025-04-11 251.84 252.31 257.74 241.36 128656900
tickers.quarterly_gross_margin()
tickers.roe()
tickers.wacc()
tickers.quarterly_revenue_yoy_growth()
複雑なオブジェクト（財務諸表、ニュース、トランスクリプト）を返すメソッドでは、{symbol: object} 形式の辞書が返されます。
statements = tickers.quarterly_income_statement()
# {'NVDA': Statement(...), 'SHOP': Statement(...), 'TSLA': Statement(...)}
statements['NVDA'].print_pretty_table()
news = tickers.news()
# {'NVDA': News(...), 'SHOP': News(...), 'TSLA': News(...)}
news['NVDA'].get_news_list()
max_workers を使って並列処理を調整できます。
# Limit to 2 concurrent threads
tickers = Tickers(['NVDA', 'SHOP', 'TSLA'], max_workers=2)
高度な使い方
詳しくは、高度な使い方をご覧ください。
開発テスト
オフラインキャッシュとベンチマークのリグレッションテストは、次のコマンドで実行できます。
python -m unittest test.test_dataset_cache_fs test.test_resolve_direct test.test_benchmark test.test_duckdb_client.TestDuckDBClient test.test_test_collection -q
これらのオフラインリグレッションテストには、スレッドとプロセスを並行して実行するキャッシュテスト、および直接接続の再オープン、プロキシ接続の再オープン、低速プロキシのフォールバックを検証するローカルループバック HTTP/1.1 テストが含まれます。
127.0.0.1 のランダムなポートを使用しますが、インターネット接続は不要です。
手動で実行する dataset-cache GitHub ワークフローでは、Linux、macOS、Windows で Hugging Face の HTTP/2 Range 読み取りも検証します。
網羅的なティッカーのスイープは、テスト検出時には実行されなくなりました。少数のライブ価格サンプルを実行するには DEFEATBETA_RUN_NETWORK_TESTS=1 を指定します。米国の全ティッカーを対象とした価格スイープを実行するには DEFEATBETA_RUN_ALL_TICKERS=1 を指定します。ネットワークでプロキシが必要な場合に限り、DEFEATBETA_TEST_HTTP_PROXY を設定してください。TestTicker.test_dcf での Excel 数式の検証は Excel を起動するため、DEFEATBETA_RUN_EXCEL_TESTS=1 を指定した場合にのみ実行されます。テストの実行中に DEBUG 出力を表示するには pytest -s を使用してください。pytest は、成功したテストの出力を通常はキャプチャします。
SiliconFlow のトランスクリプト統合テストは DEFEATBETA_RUN_AI_TESTS=1 を指定した場合にのみ実行され、test/siliconflow_api.key が必要です。
yfinanceとの比較：
defeatbeta-api は、あらゆる面で yfinance より優れているわけではありませんが、無料で効率的な機能を備えているため、過去データを一括で分析する必要があるユーザーに最適です。
yfinanceに対する利点：
1. レート制限なし： defeat-beta は、データを定期的（通常は毎日）に取得して Hugging Face にアップロードすることで、Yahoo Finance のリアルタイムレート制限を回避します。
2. 効率的なデータ形式： Parquet 形式を使用しており、DuckDB による柔軟な SQL クエリをサポートしています。
3. 高性能なキャッシュ： データは Hugging Face 上に保持されます。DefeatBeta は必要なバイト範囲をオンデマンドでダウンロードしてローカルに保存し、以降のクエリで再利用します。キャッシュキーには、有効期間の短い署名付き CDN URL ではなく、データセットの更新時刻が含まれます。直接アクセスと HTTP プロキシの両方に対応しています。キャッシュ転送に失敗した場合は、ローカルキャッシュを使用せず、DuckDB の標準 HTTP リーダーにフォールバックします。ローカルファイルキャッシュガイドをご覧ください。
4. 複数のデータソース： defeat-beta は追加のデータソースを統合しています。Yahoo Finance のデータだけに依存する yfinance とは異なります。
yfinanceに対する欠点：
リアルタイムデータではない： defeat-beta は定期的（通常は毎日）にデータを更新するため、yfinance とは異なり、リアルタイムデータを提供できません。
コメント
Markdown 対応
AI アプリケーションが外部のツールやデータソースに統一的な方法で接続するためのオープンなプロトコルです。クライアントはモデルとの対話を担い、MCP サーバーはツール・リソース・プロンプトテンプレートを提供します。標準メッセージでやり取りするため、1 つのサーバーを複数のクライアントで再利用できます。