Tesla’s earnings conference call started with–somewhat typically–bold claims by Elon Musk. He sees huge value in Tesla’s AI efforts, which he believes will yield useful humanoid robots and self-driving cars.

After comments from Musk and others, the conference call moved to Q&A. Here are some highlights.

Musk said again that Tesla is talking with other auto makers about licensing its self-driving technology. Another auto maker paying Tesla for its tech would be a big win. The interest level is high, he says, but Tesla engineers are focused first and foremost on getting self-driving cars on the road. Integration with another auto maker’s hardware would come after that.

Tesla’s self-driving technology is AI-trained. So are Tesla’s robots. Tesla is designing a production line capable of producing 1,000 “Optimus” humanoid robots a month. He expects exponential improvement. The next production line would be 10,000 a month. At one million units a year, Musk predicts robot costs would be below $20,000 per unit.

Those are all impressive numbers that, of course, are only theoretical at this point. Musk said external robot sales could happen in the second half of 2026. That’s a new timeline for investors to monitor.

Analysts and investors focused on the future. Still, fourth-quarter numbers weren’t great. Operating profit missed Wall Street estimates by more than $1 billion.

The stock is holding on to gains mainly because Tesla stuck to key timelines. Tesla is still planning to launch a robotaxi service in 2025. That timeline even accelerated a bit. Tesla wants to start service in Austin, Texas, in June. A lower-priced model is still on the way in the first half of 2025.

Investors will have to see what happens in Thursday trading, after Wall Street weighs in and after trading volumes pick up.

Tesla stock was up about 4.4% in after-hours trading at $406.20.