On January 6th, under the industrial lighting of the Texas Gigafactory, a three-hour in-depth conversation took place. Elon Musk engaged in an honest exchange with an innovation leader and a seasoned investor about the industry outlook.

This dialogue was densely packed with information. Unlike previous large public events, there was no empty rhetoric or lofty dreams; instead, it was all about hardcore fundamental physics logic and engineering realistic timelines. From technological innovation cycles to market cycles, from hardware breakthroughs to application deployment, the three-hour discussion resembled an industry salon—industry insiders focused directly on core issues, discussing real technological iteration routes and market opportunities.

Behind this deep exchange, it reflects that the industry is at a critical turning point. As grand narratives gradually fade, industry participants begin to return to essentials: can technology-driven breakthroughs truly change the current situation? When will the cycle arrive? The answers to these questions are shaping the next market landscape. For traders and investors, understanding these industry-level trend changes is often more valuable than short-term market fluctuations.