Two, one.

We are alive for a new podcast, I'm Fred Lambert, your host, and as usual, I'm joined by Seth Winshaw.

Are you doing, Seth?

I'm good.

All right.

We have a lot to talk about today, and we're going to go pretty fast because I need to catch a plane.

But we just got the proxy statement from Tesla to shareholders this morning.

So we're going to have quite a bit to talk about regarding that.

But that actually followed the master plan part four that was released earlier this week.

So we're going to start out with that because it's kind of pre, it kind of sets the stage

for the proxy statement that was released this morning.

So Master Plan Part 4 has been teased for more than a year.

And it comes not too long after part 3.

That was kind of a flop.

Elon himself said that it was hard to understand that people didn't really, I don't know,

it was pretty straightforward.

It was about scaling all of Tesla's business.

It just was nothing to precise about it.

But part four is unsurprisingly the shift to AI.

That's the focus of it.

But like I call it in the headline here, a smorgasbord of

vague AI promises. It's pretty much it. There's no concrete product roadmap in there.

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