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<v Speaker 1>I'd like to start by, I mean, you're involved in

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<v Speaker 1>several really cutting edge kinds of things that are cool.

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<v Speaker 1>But let's talk for a minute about this, the electric car,

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<v Speaker 1>which is really an old concept in the car industry,

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<v Speaker 1>right it is, actually and but you know there's a

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<v Speaker 1>modern take on it. Why are you in that business?

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<v Speaker 1>And do you agree with what has been written about

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<v Speaker 1>you that it's fair to say that you have proven

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<v Speaker 1>this is this can be sold at a profit in

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<v Speaker 1>market conditions.

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<v Speaker 2>Sure, so the reason for Tesla was not because I

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<v Speaker 2>thought that there was some huge opportunity in electric cars,

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<v Speaker 2>or that I thought it was some rank order best

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<v Speaker 2>way to get a return on investment or something like that.

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<v Speaker 2>In fact, I think so a car company, particular electric

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<v Speaker 2>car company, would have to rank as one of the

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<v Speaker 2>dumbest things you could possibly do on that scale. And

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<v Speaker 2>it may seem like, I mean, today, obviously we've we've

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<v Speaker 2>got quite a quite a high market gap, just call

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<v Speaker 2>it that. And so it may seem, oh, well, this

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<v Speaker 2>is sort of obviously a good thing to have done.

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<v Speaker 3>But for for many years people would people regarded this.

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<v Speaker 2>In fact, most people, almost all people regarded it as

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<v Speaker 2>stupid or insane or both you know to have done that,

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<v Speaker 2>so it's not so the reason for doing it was

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<v Speaker 2>was not because I thought it was some great opportunity.

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<v Speaker 2>The easiest thing for me to have done after people

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<v Speaker 2>would have been to start a new internet company. That

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<v Speaker 2>would have been like falling off LUG, I mean, quite

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<v Speaker 2>really easy. And and so the the reason it was

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<v Speaker 2>because it clear that we were not going to see

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<v Speaker 2>electric cars from the incumbent manufacturers.

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<v Speaker 3>For for a while that I thought that we potentially.

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<v Speaker 2>Would, because you had the E V one from General Motors,

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<v Speaker 2>for example, and it seemed like the obvious thing to

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<v Speaker 2>do would then be do the e B two EV three.

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<v Speaker 3>Frankly, if Jeral Motives had done that, they would be

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<v Speaker 3>in a far better position today.

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<v Speaker 2>And but then instead, what what Gero Motives did was

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<v Speaker 2>as soon as California changed the regulations, they recalled the

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<v Speaker 2>e V ones and just to make sure that nobody

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<v Speaker 2>could get them back, they took them to a junkyard

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<v Speaker 2>and crushed them and h and and if you've seen

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<v Speaker 2>the movie Who Killed the Electric Car, you'll see that

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<v Speaker 2>they actually those customers tried the best to keep the cars, and.

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<v Speaker 3>When the cars were taken to the junk yard and crushed.

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<v Speaker 3>They held a candle at vigil.

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<v Speaker 1>Yeah, because the cars were leased, they were not ever

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<v Speaker 1>sold out right, Yeah.

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<v Speaker 3>They held the candle at vigil as though it was

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<v Speaker 3>someone dying. And I think that should be a pretty

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<v Speaker 3>big wake up hall.

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<v Speaker 2>If people are holding a candle a visual for your product,

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<v Speaker 2>maybe you shouldn't cancel it. Yeah, maybe you shouldn't cancel it,

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<v Speaker 2>you know, and yeah, so but but they did, and

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<v Speaker 2>so they can't all people activities. So the reason for

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<v Speaker 2>Forteesla was to show that it actually is possible to

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<v Speaker 2>create a compelling electric car or you know, a long

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<v Speaker 2>range car electric car, and if you did that that

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<v Speaker 2>people would buy it because the condosary is operating on

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<v Speaker 2>what I believe to be two false premises. One was

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<v Speaker 2>that you could not make a compelling electric car, one

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<v Speaker 2>that was esthetically appealing, long range, higher formance, all these things,

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<v Speaker 2>and that even if you did all those things, the

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<v Speaker 2>Conisstry's opinion was that people would still not buy it

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<v Speaker 2>because it was electric and they had some bardaners for

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<v Speaker 2>burning gasoling.

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<v Speaker 4>People had moved you into it?

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<v Speaker 5>What was the starting you said, Internet company was like

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<v Speaker 5>falling off a log, easy to do why that area.

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<v Speaker 3>Then why electric cars? Oh?

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<v Speaker 2>So, because I think it's I think it's important that

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<v Speaker 2>we transition to sustainable transport. If we don't transition to

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<v Speaker 2>sustainable transport, obviously totologically it's not sustainable. And even if

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<v Speaker 2>there were not an environmental issue, in fact, even if

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<v Speaker 2>you were to say hypothetically that emitting cobbon was good

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<v Speaker 2>for the environment, because of the scarcity of of oil

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<v Speaker 2>and natural gas and support, the would eventually face extremely

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<v Speaker 2>high gasoline costs and the economy would grind into a

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<v Speaker 2>halt if we did not find some sustainable means of transport.

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<v Speaker 1>Do you worry that the electricity that is generated and

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<v Speaker 1>used when the cars are recharged and plugged in is

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<v Speaker 1>a lot of it is generated from coal?

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<v Speaker 3>Does that? Yeah?

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<v Speaker 2>I mean, depending on where you are in the country,

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<v Speaker 2>you know, say roughly half of it is it is

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<v Speaker 2>not colled, but so roughly half of it is hydrocarbon based.

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<v Speaker 2>And however, that's that's There are two obs rebuttals. That

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<v Speaker 2>one is that if you take the same source fuel

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<v Speaker 2>and you burn it at the power plant level, you

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<v Speaker 2>will get two to three times the efficiency.

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<v Speaker 3>Then if you burnt it in the car itself, because.

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<v Speaker 2>At the power plant level you're not constrained by mass

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<v Speaker 2>and volume, so you can have something that's big and heavy,

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<v Speaker 2>and you can also take the waste heat and generate

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<v Speaker 2>a steam and a user turn of steam turbine, so.

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<v Speaker 3>You get what's called cogeneration.

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<v Speaker 2>To your maximum extractful energy, it is much greater for

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<v Speaker 2>the stationary power plant than if you burned that same

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<v Speaker 2>fuel in a mobile transfer. We have formal constraints. And

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<v Speaker 2>then the other factor is that we have to find

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<v Speaker 2>sustainable means of electricity production anyway, So if you believe

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<v Speaker 2>in that predicate, you can write that predicate and say,

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<v Speaker 2>given that we must have sustainable electricity production, the obvious

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<v Speaker 2>move for transport is electric.

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<v Speaker 5>So when you're talking about these ideas of getting doing

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<v Speaker 5>this particular thing, one of the things that's I think

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<v Speaker 5>struck a lot of people about you is the scale

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<v Speaker 5>of the vision. That it's not one that it's very difficult,

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<v Speaker 5>two that it's a little crazy going along with city sex.

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<v Speaker 5>At the same time, what what do you imagine is

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<v Speaker 5>that you've had many years doing this, many critics, You're going.

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<v Speaker 4>To make it. You're getting a lot of what was

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<v Speaker 4>going about subsidies.

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<v Speaker 5>I think that you talk about that what is the

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<v Speaker 5>why these kind of projects?

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<v Speaker 4>And this is sort of a bigger question, I want

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<v Speaker 4>to think you but the idea of the bigness.

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<v Speaker 5>Of the project, because there's been this The industry has

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<v Speaker 5>been littered with electric car funerals, essentially, and not as

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<v Speaker 5>many candle like vigils obviously, but right.

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<v Speaker 2>Yeah, that there have been many car company failures, not

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<v Speaker 2>just electric of course. And honestly, I've had like a

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<v Speaker 2>dollar for every time somebody brought up Glorian or Tucker.

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<v Speaker 2>I wouldn't need an IPO, you know, it would have

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<v Speaker 2>been perfectly financed just on that alone. So when I

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<v Speaker 2>was in college, I wanted to be involved in things

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<v Speaker 2>that I thought would affect the world, and there were

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<v Speaker 2>three areas that I thought would most affect the world,

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<v Speaker 2>and one of them was the Internet.

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<v Speaker 3>So did a couple of companies in that. But then

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<v Speaker 3>it seemed like after payfo hours, like there's a lot

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<v Speaker 3>of really.

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<v Speaker 2>Talented entrepreneurs and a lot of capital doing Internet ventures.

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<v Speaker 2>So it didn't seem like I could necessarily be all

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<v Speaker 2>that incrementally useful in the Internet arena, and so it

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<v Speaker 2>was times to then go to two other the other

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<v Speaker 2>two areas which were sustainable energy and space exploration, in

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<v Speaker 2>particular developing a technology necessary to make life multiplanetary.

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<v Speaker 1>So multiplanetary life is it might be more interesting than cars.

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<v Speaker 1>We'll get into that surely, but I do have to

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<v Speaker 1>ask you know, the this is it's an important it's

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<v Speaker 1>very important that you've made an attractive car with longer

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<v Speaker 1>range than I think than you're right, than people thought possible.

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<v Speaker 1>That's electric, all electric, but it's fairly expensive, I think,

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<v Speaker 1>at least upfront. And what does it cost your most

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<v Speaker 1>successful one.

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<v Speaker 3>Well, before text credits, it's about seventy thousand dollars. After

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<v Speaker 3>tax credits is like sixty.

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<v Speaker 1>Now we're getting a tax credits, so there's like a

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<v Speaker 1>there's some kind of federal tax credit right for buying

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<v Speaker 1>a pure election. And then you were telling me backstage,

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<v Speaker 1>a whole bunch of states, fifteen states or something have these.

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<v Speaker 3>Right, there's different types of credits.

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<v Speaker 2>So the the first thing I should say is that.

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<v Speaker 3>People think of like electric cars.

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<v Speaker 2>As receiving a subsidy, but but in fact what's occurring

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<v Speaker 2>is that they are receiving less of a subsidy than

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<v Speaker 2>gasoline cars if you would actually look at the subsidy

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<v Speaker 2>of gasolete gasoline cars, and particularly if you're priced in

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<v Speaker 2>the economic oil the inventory of the environmental damages. The

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<v Speaker 2>what's really occurring is that every time you buy a gasoline.

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<v Speaker 3>Car that there are huge subsidies occurring.

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<v Speaker 2>And you can actually tell that these subsidies are are

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<v Speaker 2>higher than they than than than the substituce for electric cars,

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<v Speaker 2>because people are not buying electric cars except I mean ours,

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<v Speaker 2>and not huge.

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<v Speaker 1>These are upstream subsidies to the oil companies and so forth.

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<v Speaker 1>For the they're both direct whole the whole tax.

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<v Speaker 2>It's there's some normals, some of it's like half a

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<v Speaker 2>trillion dollars in substys too.

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<v Speaker 1>Okay, but you do get you also get some federal

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<v Speaker 1>and state subsidies, right, yes, And then there's this these

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<v Speaker 1>credits that you are able to sell to the other

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<v Speaker 1>car companies. Can you explain what that is?

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<v Speaker 3>Sure? Sure?

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<v Speaker 2>Although just to emphasize game, it's it's pretty obvious that

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<v Speaker 2>the credit, whatever substes are occurring for electric cars are

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<v Speaker 2>are less than for gasing cars. Otherwise things like the

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<v Speaker 2>Chovy Vault or the nis On Leaf would sell in

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<v Speaker 2>large quantities, but they are not, and so that's like

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<v Speaker 2>an obvious test. Then with respect to zerium mission vehicle credits,

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<v Speaker 2>so ZEV credits, these apply to about forty percent.

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<v Speaker 3>Of the viewers population and they were.

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<v Speaker 2>Actually put in place quite a while ago to deal

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<v Speaker 2>with pollution and evolution in in places like LA and

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<v Speaker 2>the Bay Area in New York and so so whenever

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<v Speaker 2>you're driving cars in the dense an area, you're essentially

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<v Speaker 2>emitting a bunch of toxic gases that negatively affect people's

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<v Speaker 2>health and obviously the quality of the air.

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<v Speaker 3>And it's pretty obvious in LA during the summer.

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<v Speaker 2>So in order to motivate manufacturers to move away from that,

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<v Speaker 2>the States enacted the ZEV credit mandate, which was that

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<v Speaker 2>a small number of electric or zero mission vehicles have

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<v Speaker 2>to be made by all large scale manufacturers, and if

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<v Speaker 2>they don't make those vehicles, then they have to purchase

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<v Speaker 2>ZEV credits.

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<v Speaker 3>From someone who has. But when we sell a ZEV credit,

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<v Speaker 3>we sell.

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<v Speaker 2>It at sixty five cents on the dollar. So the

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<v Speaker 2>best thing that another.

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<v Speaker 3>Manufacturer could make would be electric.

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<v Speaker 2>Cars, because then they get one hundred cents on the

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<v Speaker 2>dollar for every tax credit.

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<v Speaker 1>So why don't they.

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<v Speaker 3>Well, I'm hopeful that they will. I think to some

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<v Speaker 3>degree at least, some of the manufacturers were hoping that.

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<v Speaker 2>No one would come up with an electric vehicle that

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<v Speaker 2>anyone wanted to buy, and that California the other ZEV

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<v Speaker 2>states would repeal their ZERV mandate because they've lobbied for

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<v Speaker 2>that outcome many times and have less well been unsuccessful

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<v Speaker 2>if Tesla. If Tesla was unsuccessful, then I think they

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<v Speaker 2>would have been able to repeal ZEV mandates.

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<v Speaker 5>So when you're getting into the concept of these cars,

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<v Speaker 5>these prices are still along with subsidies and everything else

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<v Speaker 5>is still a high price tag. What is your goal

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<v Speaker 5>is to bring in I mean you have there's lots

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<v Speaker 5>of people here who owned Tesla's.

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<v Speaker 3>Yeah, thank you everyone.

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<v Speaker 2>Thank you for Brian Tesla by the way, so to say,

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<v Speaker 2>all of you guys who bought Tesla's.

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<v Speaker 1>You guys are some significant percentage of your your customers

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<v Speaker 1>are here. But but what there.

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<v Speaker 6>Is there's a larger country, far sighted awesome individuals and

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<v Speaker 6>board Tesla's.

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<v Speaker 3>Where do I actually I'd.

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<v Speaker 2>Like to say a special shout out to Tony Say

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<v Speaker 2>who has the largest what made the largest number of

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<v Speaker 2>Tesla orders in the US of one.

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<v Speaker 3>Hundred cars for his project in downtown Vegas.

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<v Speaker 2>Yes, yeah, so thanks Tony.

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<v Speaker 4>H So that's a very it's a super interesting project.

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<v Speaker 5>How do you get it down to levels that Tony

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<v Speaker 5>of Zappos, We don't have to be twenty of Zappos five.

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<v Speaker 3>So Tesla, you know, when we first started out, I

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<v Speaker 3>actually wrote.

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<v Speaker 2>A blog piece to outlining the Tesla strategy, and it's

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<v Speaker 2>been out there for a long time.

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<v Speaker 3>It really just outlined the sort of three step.

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<v Speaker 2>Process that Tesla's going through to get to mass market

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<v Speaker 2>compelling electric cars. And step one was making the tels

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<v Speaker 2>the roads, so high price low volume, then mid price

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<v Speaker 2>mid volume, and then low price high volume.

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<v Speaker 3>So there's a you know, we'd step two. The price

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<v Speaker 3>of the model is actually less than it may.

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<v Speaker 2>Seem at first because the cost of gasoline is so

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<v Speaker 2>much more than the cost of electricity that you save

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<v Speaker 2>a lot of money.

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<v Speaker 3>Yeah, exactly.

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<v Speaker 2>And you know that that depending upon how you counted,

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<v Speaker 2>as you know, somewhere in the fifteen to twenty thousand

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<v Speaker 2>dollar region over.

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<v Speaker 6>The lifetime of the car, over the of a sort

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<v Speaker 6>of seven years figure, it's been roughly two thousand dollars

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<v Speaker 6>a year, depending upon what you assumption is for gas

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<v Speaker 6>prices are Yeah, but.

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<v Speaker 1>When will there be a thirty thousand or thirty five

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<v Speaker 1>thousand dollars tesla?

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<v Speaker 2>Yeah, So step three I'm expecting in about three to

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<v Speaker 2>four years.

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<v Speaker 1>And what's required to get you from here to there

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<v Speaker 1>is it got to do with design and technology.

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<v Speaker 3>It's one of the scale or what well the.

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<v Speaker 2>I think any new technology needs at least three major

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<v Speaker 2>iterations to get to the mass market. I mean, certainly

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<v Speaker 2>cell phones have gone through many more than that, and

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<v Speaker 2>I'm sure people remember like the Wall Street one where

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<v Speaker 2>he's walking down the beach from the giant break of

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<v Speaker 2>a cell phone on his ear, and that thing was

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<v Speaker 2>super expensive and like lasted for thirty minutes. You can't

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<v Speaker 2>evenity this audio quality was terrible. And now you can

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<v Speaker 2>have a supercomputer in your pocket for one hundred bucks.

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<v Speaker 2>And so with electric vehicles similar you're trying to compete

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<v Speaker 2>with gasline cars that have had one hundred and fifty

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<v Speaker 2>years and trillions of dollars spent on them. So I

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<v Speaker 2>think if we can make it there by our third generation,

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<v Speaker 2>that's pretty awesome. So I think there's certainly design optimization

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<v Speaker 2>is one factor, and then the.

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<v Speaker 3>Other is the call will be a little bit smaller,

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<v Speaker 3>so maybe twenty percent smaller than the model less, and

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<v Speaker 3>we will have an.

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<v Speaker 2>Order of magnitude greater production, so we have the economy's scale.

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<v Speaker 3>To help us out. I think those three factors will

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<v Speaker 3>take us to fifty percent.

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<v Speaker 1>And and when will you be at a point where

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<v Speaker 1>if even if you didn't have subsidies or and credit sales,

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<v Speaker 1>you would be profitable?

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<v Speaker 3>Yeah, so I think.

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<v Speaker 2>We're anticipating being profitable or I should say even better,

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<v Speaker 2>will better than slightly profitable in the fourth quarter of

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<v Speaker 2>this year. We're projecting twenty five percent gross margins absence

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<v Speaker 2>of credits as absolute.

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<v Speaker 5>Credits, so not getting this extra subs money, but not

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<v Speaker 5>absent the texts.

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<v Speaker 2>Right, Yeah, and there's a consumer sort of tax credit,

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<v Speaker 2>which is effectively something that improves the level of demand

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<v Speaker 2>for the product, but doesn't directly affect our gross margins.

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<v Speaker 2>And so we don't get that Tesla doesn't get the

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<v Speaker 2>tax credit the consumers.

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<v Speaker 5>Why haven't many companies raised to you and you're showing

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<v Speaker 5>that there are cars people, there is an audience for this.

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<v Speaker 4>Where are the rest of these companies now.

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<v Speaker 2>Well, I'm hopeful that our results from the first quarter

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<v Speaker 2>world cause the other car companies to answer the electric

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<v Speaker 2>car in a significant way. But until now, they didn't

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<v Speaker 2>really have a good basis for that because they would

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<v Speaker 2>look at you, say, what are the examples of successful

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<v Speaker 2>electric cars. I mean, we did have our Tesla roads

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<v Speaker 2>are out there, but they wrote that off as being

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<v Speaker 2>something that's really low volume, kind of a niche product

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<v Speaker 2>for techno geeks type of thing.

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<v Speaker 3>And so they they wrote that off right, And yeah,

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<v Speaker 3>it's actually funny.

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<v Speaker 2>Because before we were able to get the roads round,

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<v Speaker 2>then they'd say, well, you couldn't possibly make that car work.

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<v Speaker 2>And then we made the car work, they'd say, well,

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<v Speaker 2>nobody's gonna buy it, and then people bought it, and

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<v Speaker 2>then we announced the models and.

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<v Speaker 3>So many people called bullshit on that. It was ridiculous.

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<v Speaker 2>And and yet actually the we're able to bring it

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<v Speaker 2>to market, and then we brought it to market. They said, well,

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<v Speaker 2>you're never going to be able to produced volume and

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<v Speaker 2>did that, and then they said you will never be

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<v Speaker 2>able to make a profit, and then we did that

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<v Speaker 2>in Q one. So I'm hopeful that there's a you know,

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<v Speaker 2>people will observe that there's a trend here, and and

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<v Speaker 2>if so, now that we have been profitable, I think

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<v Speaker 2>other manufacturers are more likely to embark on electric vehicle projects.

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<v Speaker 2>And and it's also be mentioned that we do make electric.

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<v Speaker 3>Power trains for Daimler and Toyota, so for.

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<v Speaker 2>The electric graph for we make the battery pack and

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<v Speaker 2>power train for the Mercedes Beak classes coming out later

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<v Speaker 2>this year, we'll be making that whole.

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<v Speaker 4>Are they open to that? Do you feel that they're open?

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<v Speaker 5>I mean a lot of the you know, you can

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<v Speaker 5>paint the car company what we want, but are they

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<v Speaker 5>Do you feel as if they're open or thinking about that?

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<v Speaker 3>Yeah? I think so.

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<v Speaker 2>The challenge is to convince them that it should be

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<v Speaker 2>more than just a little niche.

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<v Speaker 4>Product or a hybrid or something like that.

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<v Speaker 2>Yeah, well they may, I mean turn it off was

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<v Speaker 2>gonna make just quite big on hybrids. But the to

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<v Speaker 2>convince them that electric cars should be a mainstream item.

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<v Speaker 2>There's a little bit of work to do on that front.

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<v Speaker 1>And until they're a mainstream item in terms of having

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<v Speaker 1>enough of an infrastructure of charging, obviously you've done a

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<v Speaker 1>lot to help that problem with range, but still people

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<v Speaker 1>want to feel like they're not going to be stranded,

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<v Speaker 1>that there are going to be charging stations, and I know, yeah.

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<v Speaker 3>Yeah, we've got an announcement about that.

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<v Speaker 1>To my advice, you do yeah here, now, well, uh.

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<v Speaker 5>You you just sort of let the cat out of

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<v Speaker 5>the back.

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<v Speaker 3>Might as well just well.

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<v Speaker 5>Hm hmm, because you're so quiet and retiring mostly exactly

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<v Speaker 5>you never do anything, just mouth off at a New

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<v Speaker 5>York Times reporter for example.

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<v Speaker 3>Right yeah, exactly.

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<v Speaker 2>All right, well, so so wait, something called the supercharger,

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<v Speaker 2>right because which is an advanced charging technology that we developed,

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<v Speaker 2>and uh yeah, I guess I might as.

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<v Speaker 3>Well let the cat out of the back. Why not?

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<v Speaker 2>The so the super charge of technology. Super charging technology

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<v Speaker 2>is so we developed because obviously traditional charging has been

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<v Speaker 2>way too slow and it's not been effected. It's effective

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<v Speaker 2>for long distance travel, so it's it is very important

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<v Speaker 2>to address this issue of long distance travel because when

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<v Speaker 2>when people buy a car that there's they're also buying

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<v Speaker 2>something which is a sense of freedom and ability to

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<v Speaker 2>go anywhere that they want and not feel fettered. So

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<v Speaker 2>we had to make something that was really quick to charge.

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<v Speaker 2>So so that were we developed and there are actually

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<v Speaker 2>a bunch of them out there now in California and

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<v Speaker 2>on the East Coast from allowing you to go from

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<v Speaker 2>Boston to d.

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<v Speaker 3>C and travel throughout California and Nevada.

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<v Speaker 2>And what we're what we were going to announce tomorrow

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<v Speaker 2>is that there's there's going to be a dramatic acceleration

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<v Speaker 2>of the supercharging network.

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<v Speaker 3>And by the end of next month.

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<v Speaker 2>We will triple the supercharger coverage area.

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<v Speaker 1>Where where is it going?

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<v Speaker 2>So it'll it'll be uh, there's actually a map that

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<v Speaker 2>will be go live tomorrow obviously, but people will be

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<v Speaker 2>quest priced learn learn this. But at Tesla.

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<v Speaker 5>Uh, blame it on the CEO of SpaceX, yeah exactly,

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<v Speaker 5>or if you want, you can blame it on me.

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<v Speaker 1>All right, blame it on its Waltz boy, because you

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<v Speaker 1>know you like tangling with reviewers.

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<v Speaker 3>Reviewers, but you do good reviews.

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<v Speaker 1>I haven't reviewed your car.

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<v Speaker 2>Well, I mean I should say accurate reviews.

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<v Speaker 1>Thank you all.

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<v Speaker 2>So, the Supercharge Network, by the end of this year

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<v Speaker 2>will will have covered most of the major metro areas

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<v Speaker 2>of the US and southern Canada, and in fact, you'll

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<v Speaker 2>be able to drive all the way from l A

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<v Speaker 2>to New York just using the supercharge.

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<v Speaker 3>Network and does that?

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00:21:58.880 --> 00:22:01.240
<v Speaker 1>Does that? Also does that includes not only putting it

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00:22:01.279 --> 00:22:04.359
<v Speaker 1>in places where it doesn't exist today, but also increasing

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00:22:04.400 --> 00:22:06.119
<v Speaker 1>the density on the two coasts.

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00:22:06.119 --> 00:22:09.160
<v Speaker 3>Absolutely exactly good point. The density is not quite as

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<v Speaker 3>good as it should be.

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<v Speaker 2>So we're both improving the density of the supercharges stations

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<v Speaker 2>along well traveled routes as well as increasing the geographic.

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<v Speaker 3>Scope of the network.

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<v Speaker 1>That's usually important.

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<v Speaker 3>It is absolutely because even tell.

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<v Speaker 1>Me if you think I'm nuts, but I think that.

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<v Speaker 1>It's like in the old days, people would go and

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<v Speaker 1>buy a desktop tower computer and they would not buy

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<v Speaker 1>one unless it had five slots for cards in it.

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00:22:37.039 --> 00:22:39.519
<v Speaker 1>Never opened the computer and put a card in it. Well,

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00:22:39.559 --> 00:22:41.640
<v Speaker 1>I yeah you did, But I mean a lot of

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<v Speaker 1>people would be told by their techy friend, you have

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<v Speaker 1>to have you know, three empty slots or five euntry slots,

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00:22:47.559 --> 00:22:49.759
<v Speaker 1>but they never opened it put the slots in. Even

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<v Speaker 1>if you only drive your car commuting to work, well

421
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<v Speaker 1>within the range of the car and a few errands

422
00:22:55.880 --> 00:22:58.680
<v Speaker 1>and stuff, you always want that sense of freedom. If

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<v Speaker 1>I had joy, could get in this car exactly and

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<v Speaker 1>go from Boston, DC or something.

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<v Speaker 3>Yep, that's right.

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<v Speaker 1>I mean psychologically it's really very very important.

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<v Speaker 3>It's extremely important and so on. Because all testas are wirelessly.

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<v Speaker 2>Updated by the cell networks, we actually update the supercharger

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<v Speaker 2>locations in the car.

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<v Speaker 3>So on the Tesla map, if you just tap the little.

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<v Speaker 2>Lightning button, it'll actually direct you to the nearest supercharger.

432
00:23:27.000 --> 00:23:29.400
<v Speaker 2>So as you're driving, you can go wherever you want.

433
00:23:30.039 --> 00:23:33.039
<v Speaker 2>And with the release later this year, you'll be able

434
00:23:33.079 --> 00:23:34.960
<v Speaker 2>to navigate anywhere in the country in the car will

435
00:23:34.960 --> 00:23:37.039
<v Speaker 2>automatically route you to the supercharger along the way.

436
00:23:38.119 --> 00:23:38.720
<v Speaker 1>Fantastic.

437
00:23:38.839 --> 00:23:41.200
<v Speaker 5>So one question is that why you hit back so

438
00:23:41.240 --> 00:23:42.839
<v Speaker 5>hard at the times? I mean, we joke about it

439
00:23:42.880 --> 00:23:45.200
<v Speaker 5>and stuff like that, but many people don't do that.

440
00:23:45.559 --> 00:23:47.480
<v Speaker 5>What was the reasoning? And I know you've said a

441
00:23:47.480 --> 00:23:50.799
<v Speaker 5>lot about this, brother, Yeah, what was your reasoning?

442
00:23:50.799 --> 00:23:53.880
<v Speaker 7>It's like you're not going to take this or you Yeah, well,

443
00:23:56.279 --> 00:23:58.559
<v Speaker 7>I mean I thought about it a fair a bit

444
00:23:58.599 --> 00:24:01.240
<v Speaker 7>before actually responding, so it wasn't sort of just totally

445
00:24:01.240 --> 00:24:01.960
<v Speaker 7>off the cuff thing.

446
00:24:03.920 --> 00:24:07.400
<v Speaker 2>But but when the articles was published, we saw a

447
00:24:07.440 --> 00:24:11.839
<v Speaker 2>significant decrease in sales, particularly in the New York Times

448
00:24:11.839 --> 00:24:14.440
<v Speaker 2>sort of main readership area in sort of the North Northeast,

449
00:24:14.640 --> 00:24:19.599
<v Speaker 2>particularly in cold areas, and the the article that really

450
00:24:19.640 --> 00:24:22.599
<v Speaker 2>sort of played to people's biggest fear about electric cars,

451
00:24:24.480 --> 00:24:27.799
<v Speaker 2>that that that you're right out and that they don't

452
00:24:27.839 --> 00:24:30.680
<v Speaker 2>work in the cold, which is actually completely false.

453
00:24:31.319 --> 00:24:32.559
<v Speaker 3>They do work really well in the cold.

454
00:24:32.559 --> 00:24:34.880
<v Speaker 2>In fact, our highest sales per capita are in Norway,

455
00:24:36.039 --> 00:24:38.799
<v Speaker 2>and the single person who's bought the single largest number

456
00:24:38.799 --> 00:24:42.640
<v Speaker 2>as an individual of Tesla's literally lives above the Arctic Circle.

457
00:24:45.000 --> 00:24:50.400
<v Speaker 2>Why he is an ophthalmologist in it against Crotholms is

458
00:24:50.400 --> 00:24:51.160
<v Speaker 2>his name is great guy.

459
00:24:52.480 --> 00:24:55.440
<v Speaker 1>Wait, he's an ophtthalmologist. He lives above the artist circle

460
00:24:55.480 --> 00:24:57.799
<v Speaker 1>and he has a whole bunch of electric cars. Yeah,

461
00:24:58.519 --> 00:24:59.359
<v Speaker 1>I just wanted.

462
00:24:59.079 --> 00:25:00.720
<v Speaker 6>To get I mean, one of the I just wanted

463
00:25:00.720 --> 00:25:02.240
<v Speaker 6>to get the scenario.

464
00:25:02.400 --> 00:25:07.240
<v Speaker 1>But true, it's amazing. Yeah, any and every day takes

465
00:25:07.440 --> 00:25:09.559
<v Speaker 1>an electronic pill also.

466
00:25:09.200 --> 00:25:14.119
<v Speaker 2>Yeah exactly, but driving through like the you know winner

467
00:25:14.119 --> 00:25:17.920
<v Speaker 2>which is Pomany midnight and so obviously they.

468
00:25:17.839 --> 00:25:22.319
<v Speaker 3>Work pretty well. And in fact, after that article, we had.

469
00:25:22.400 --> 00:25:24.759
<v Speaker 2>Since it was still sort of winter Norway, we actually

470
00:25:24.839 --> 00:25:28.759
<v Speaker 2>had someone do it a modeless test drive from I

471
00:25:28.799 --> 00:25:33.200
<v Speaker 2>think almost near the Artic circle uh to Oslo Okay.

472
00:25:33.200 --> 00:25:35.960
<v Speaker 1>But you know, as I'm a reviewer. Yeah, we've already

473
00:25:36.000 --> 00:25:39.640
<v Speaker 1>discussed and some people in the room now. But ah,

474
00:25:40.720 --> 00:25:44.680
<v Speaker 1>so part of a review is factual. This is actually

475
00:25:44.720 --> 00:25:47.839
<v Speaker 1>what part of the review is that factual? No? No, no,

476
00:25:47.880 --> 00:25:50.440
<v Speaker 1>which okay, no, let me let me explain. Part of

477
00:25:50.440 --> 00:25:55.039
<v Speaker 1>the a review is opinion. Y yeah, sure so, but

478
00:25:55.119 --> 00:25:58.839
<v Speaker 1>you have to state if you're doing specs, if you're

479
00:25:58.880 --> 00:26:02.160
<v Speaker 1>doing like in my case, it's it's a battery test

480
00:26:02.200 --> 00:26:04.200
<v Speaker 1>on something. I have to think, this is how I

481
00:26:04.240 --> 00:26:06.319
<v Speaker 1>did the battery test. This is what the result is.

482
00:26:06.839 --> 00:26:08.920
<v Speaker 1>I can then have an opinion. You might have a

483
00:26:08.920 --> 00:26:11.359
<v Speaker 1>different but you might say, well, even if I accept

484
00:26:11.720 --> 00:26:15.200
<v Speaker 1>Mossburg's battery tests, I don't agree with him that this

485
00:26:15.279 --> 00:26:18.160
<v Speaker 1>is good enough battery life. I need better battery life.

486
00:26:18.200 --> 00:26:20.960
<v Speaker 1>So I think he's too easy on this product, or

487
00:26:21.079 --> 00:26:23.079
<v Speaker 1>the other way around, you know whatever. So part of

488
00:26:23.079 --> 00:26:24.839
<v Speaker 1>it is the facts, and part of it is what

489
00:26:24.920 --> 00:26:27.559
<v Speaker 1>opinions you draw from that. Sure, you know, the screen

490
00:26:27.680 --> 00:26:31.000
<v Speaker 1>is this big, the camera has this those are facts.

491
00:26:31.359 --> 00:26:33.720
<v Speaker 1>So was it was it just for the guys? There was?

492
00:26:33.839 --> 00:26:34.039
<v Speaker 8>It was?

493
00:26:34.079 --> 00:26:36.920
<v Speaker 2>It was a fact thing in fact in fact. So

494
00:26:37.759 --> 00:26:40.759
<v Speaker 2>when when we got the call back, we looked at

495
00:26:40.799 --> 00:26:43.759
<v Speaker 2>the at the data logues as compared to the article

496
00:26:43.799 --> 00:26:47.839
<v Speaker 2>that that was written. And the article is factually incorrect

497
00:26:48.160 --> 00:26:53.079
<v Speaker 2>and in multiple places and in fact, and one could

498
00:26:53.079 --> 00:26:57.359
<v Speaker 2>perhaps subscribe that to to error on his part, but

499
00:26:57.359 --> 00:27:00.799
<v Speaker 2>by the tenth mistake in a row that is interpreted

500
00:27:00.880 --> 00:27:05.279
<v Speaker 2>in the wrong direction, that that lacks credibility.

501
00:27:05.440 --> 00:27:08.519
<v Speaker 3>And so you know, if we it's like if you

502
00:27:08.559 --> 00:27:09.640
<v Speaker 3>did that battery test.

503
00:27:09.480 --> 00:27:14.759
<v Speaker 2>On something and and you and you you said factual

504
00:27:14.759 --> 00:27:19.960
<v Speaker 2>information that was it was untrue in a very important way.

505
00:27:20.519 --> 00:27:22.240
<v Speaker 3>I mean that that that's that's a big deal.

506
00:27:23.279 --> 00:27:26.079
<v Speaker 2>And so if we didn't speak out against that, that

507
00:27:26.160 --> 00:27:28.680
<v Speaker 2>article would live forever and people would have this this

508
00:27:28.880 --> 00:27:31.640
<v Speaker 2>really wrong impression of the car, and they would think.

509
00:27:31.559 --> 00:27:33.680
<v Speaker 3>That what he said if we did not oppose it.

510
00:27:33.880 --> 00:27:35.559
<v Speaker 1>Times didn't back down, did they?

511
00:27:36.160 --> 00:27:36.440
<v Speaker 3>Actually?

512
00:27:36.519 --> 00:27:39.000
<v Speaker 2>The public editor of the Times did an investigation and

513
00:27:39.079 --> 00:27:42.319
<v Speaker 2>concluded that that he that the article was was wrong.

514
00:27:43.680 --> 00:27:44.640
<v Speaker 3>We disagree.

515
00:27:44.680 --> 00:27:47.640
<v Speaker 2>I agree with the public editor over the motivation in

516
00:27:47.720 --> 00:27:50.279
<v Speaker 2>the words, the public editor said the article was wrong,

517
00:27:51.039 --> 00:27:55.599
<v Speaker 2>but didn't agree that it was intentional, whereas in my opinion,

518
00:27:55.680 --> 00:27:58.039
<v Speaker 2>it's difficult to interpret that as anything but intentional.

519
00:27:58.599 --> 00:28:00.160
<v Speaker 1>And then what then, just to close this up up,

520
00:28:00.279 --> 00:28:03.160
<v Speaker 1>wasn't there some controversy about the fact that you had

521
00:28:03.559 --> 00:28:06.039
<v Speaker 1>put sensors on the car that aren't normally sold on

522
00:28:06.079 --> 00:28:06.400
<v Speaker 1>the car.

523
00:28:06.519 --> 00:28:07.799
<v Speaker 3>No, it's the same sensors.

524
00:28:07.839 --> 00:28:14.799
<v Speaker 1>Okay, so this is really important, but space the final frontier. Sure,

525
00:28:17.200 --> 00:28:21.720
<v Speaker 1>are you what is your ultimate plan or goal for SpaceX?

526
00:28:21.759 --> 00:28:23.240
<v Speaker 1>What is it you want to do with it? Is

527
00:28:23.279 --> 00:28:26.400
<v Speaker 1>it just to prove that a private company can deliver

528
00:28:26.480 --> 00:28:28.279
<v Speaker 1>stuff to the space station or.

529
00:28:28.160 --> 00:28:32.799
<v Speaker 3>What is Like I said, it's the goal with SpaceX

530
00:28:32.960 --> 00:28:33.200
<v Speaker 3>is to.

531
00:28:35.119 --> 00:28:40.759
<v Speaker 2>Improve rocket technology and spacecraft technology and keep improving it

532
00:28:40.839 --> 00:28:44.960
<v Speaker 2>every year until ultimately we're able to send people to

533
00:28:45.480 --> 00:28:49.119
<v Speaker 2>Mars and estellish a self sustaining base on Mars.

534
00:28:49.200 --> 00:28:50.200
<v Speaker 3>That's Mars.

535
00:28:50.240 --> 00:28:52.960
<v Speaker 2>Yeah, to make make a life multiplanetary, as I's saying,

536
00:28:54.160 --> 00:28:57.799
<v Speaker 2>as long as I expect that this will necessary. Cur mean,

537
00:28:58.480 --> 00:29:00.640
<v Speaker 2>I agree that this is an unlikely outcome, but if

538
00:29:00.680 --> 00:29:05.720
<v Speaker 2>we do not keep improving space technology every year, then

539
00:29:06.279 --> 00:29:08.200
<v Speaker 2>that that will never happen.

540
00:29:08.359 --> 00:29:10.880
<v Speaker 1>Didn't George W. Bush want to go to Mars?

541
00:29:11.400 --> 00:29:13.440
<v Speaker 3>He did? Actually, how many of people know that?

542
00:29:14.279 --> 00:29:16.279
<v Speaker 1>Yeah, so that's kind of put you in George W.

543
00:29:16.359 --> 00:29:20.079
<v Speaker 1>Bush in the same category as George is his dad

544
00:29:21.079 --> 00:29:25.039
<v Speaker 1>h one of them not wanted a space program. First

545
00:29:25.079 --> 00:29:25.839
<v Speaker 1>get us to Mars?

546
00:29:25.920 --> 00:29:31.200
<v Speaker 3>Right, Yeah, Actually George H. W.

547
00:29:31.400 --> 00:29:35.839
<v Speaker 2>Bush, shortly after gaining office, actually asked NASA to come

548
00:29:35.880 --> 00:29:39.519
<v Speaker 2>up with a plan in ninety days for sending people

549
00:29:39.519 --> 00:29:41.839
<v Speaker 2>to Mars, and NASA did come up.

550
00:29:41.720 --> 00:29:45.400
<v Speaker 3>With that plan, but it was habit trillion dollars.

551
00:29:46.000 --> 00:29:48.480
<v Speaker 2>So he decided that maybe it wasn't such a great idea.

552
00:29:48.480 --> 00:29:50.480
<v Speaker 2>And that was obviously twenty years ago, whatever it was,

553
00:29:50.519 --> 00:29:50.880
<v Speaker 2>you know.

554
00:29:51.079 --> 00:29:52.480
<v Speaker 4>So why why Mars?

555
00:29:52.480 --> 00:29:58.359
<v Speaker 1>Explained meant, what what what's the track mark? That was?

556
00:29:58.400 --> 00:29:59.759
<v Speaker 1>That was really was a hapatrille?

557
00:30:00.119 --> 00:30:02.920
<v Speaker 2>That's cheap, right, I know, it's well the fence budgets

558
00:30:02.920 --> 00:30:03.440
<v Speaker 2>bigger than that.

559
00:30:03.799 --> 00:30:07.279
<v Speaker 4>So why Mars? Why Mars? Over now? Just purposes?

560
00:30:07.599 --> 00:30:10.799
<v Speaker 5>Elon went to space Camp many years ago with the

561
00:30:11.160 --> 00:30:15.119
<v Speaker 5>Serge Larry Meghan, James, Joaquin Pierra Medio or a bunch

562
00:30:15.160 --> 00:30:18.799
<v Speaker 5>of you very strange people SpaceX right, Yeah.

563
00:30:19.039 --> 00:30:21.880
<v Speaker 4>What why and you know, were you in a star

564
00:30:21.960 --> 00:30:23.480
<v Speaker 4>trek mode or what.

565
00:30:23.279 --> 00:30:24.799
<v Speaker 3>Was the what was the space camp?

566
00:30:24.960 --> 00:30:27.559
<v Speaker 5>I know you guys did that, but but what they

567
00:30:27.559 --> 00:30:28.000
<v Speaker 5>had out.

568
00:30:29.000 --> 00:30:30.519
<v Speaker 4>What was interest?

569
00:30:30.759 --> 00:30:33.839
<v Speaker 1>Because you said a few minutes ago that that there

570
00:30:33.839 --> 00:30:36.920
<v Speaker 1>were three things that you were you know, and what

571
00:30:37.119 --> 00:30:39.279
<v Speaker 1>was the Internet? When was the electric car and the

572
00:30:39.359 --> 00:30:41.519
<v Speaker 1>other was space. So why what got you into space?

573
00:30:42.160 --> 00:30:42.359
<v Speaker 3>Right?

574
00:30:42.480 --> 00:30:45.519
<v Speaker 2>So, if if you mean about the future of humanity,

575
00:30:45.519 --> 00:30:48.960
<v Speaker 2>it's going to fundamentally bafecate in two directions old life

576
00:30:48.960 --> 00:30:51.720
<v Speaker 2>as we know it. Either it's going to become multiplanetary

577
00:30:51.960 --> 00:30:53.960
<v Speaker 2>or it's going to be confined to one planet until

578
00:30:54.079 --> 00:30:58.160
<v Speaker 2>some eventual extinction events. So I think it's much more

579
00:30:58.480 --> 00:30:58.880
<v Speaker 2>to put.

580
00:30:58.720 --> 00:31:00.599
<v Speaker 4>It that way. Let's go to Mark.

581
00:31:02.359 --> 00:31:03.960
<v Speaker 2>And by the way, I'm optimistic about life on it

582
00:31:03.960 --> 00:31:04.960
<v Speaker 2>if as long as though I'm.

583
00:31:04.839 --> 00:31:08.480
<v Speaker 1>Like, I think we'reise, but you're convinced there will be

584
00:31:08.559 --> 00:31:10.599
<v Speaker 1>an extinction event, Well, I.

585
00:31:10.519 --> 00:31:12.519
<v Speaker 3>Mean that's pretty obvious from the Fussil record.

586
00:31:12.599 --> 00:31:12.799
<v Speaker 1>Yeah.

587
00:31:15.160 --> 00:31:17.480
<v Speaker 3>Yeah, I mean it's for sure we.

588
00:31:17.759 --> 00:31:21.720
<v Speaker 2>Face dangers that the dinosaurs didn't face because it could

589
00:31:21.720 --> 00:31:26.240
<v Speaker 2>be yeah exactly, Yeah, yeah we could.

590
00:31:26.440 --> 00:31:28.759
<v Speaker 3>Yeah, we do ourselves in the.

591
00:31:28.799 --> 00:31:31.279
<v Speaker 1>Actually I had better diets Theynosty exactly.

592
00:31:33.200 --> 00:31:35.880
<v Speaker 2>So so the I just think, you know, we want

593
00:31:35.920 --> 00:31:38.799
<v Speaker 2>to have a future ultimately where humanity is out there

594
00:31:38.799 --> 00:31:42.559
<v Speaker 2>exploring the stars or space. Frank civilization and the things

595
00:31:42.559 --> 00:31:45.200
<v Speaker 2>that we read about in science fiction books and and

596
00:31:45.279 --> 00:31:48.039
<v Speaker 2>seeing movies becomes true. We don't want that always to

597
00:31:48.079 --> 00:31:51.240
<v Speaker 2>be a fiction of the future. So if we don't

598
00:31:51.279 --> 00:31:55.079
<v Speaker 2>improve space technology every year, we're never going to get there.

599
00:31:55.359 --> 00:31:57.480
<v Speaker 2>And so the gold of SpaceX is to make as

600
00:31:57.559 --> 00:32:03.119
<v Speaker 2>much improvement as possible and and hopefully we'll we'll see

601
00:32:03.160 --> 00:32:05.680
<v Speaker 2>people land on us in our lifetime.

602
00:32:05.720 --> 00:32:08.640
<v Speaker 1>I have to ask, I just have to ask you.

603
00:32:09.119 --> 00:32:12.759
<v Speaker 1>Have you literally looked into or had someone look into

604
00:32:13.039 --> 00:32:15.519
<v Speaker 1>or are they still looking at you for you whether

605
00:32:15.559 --> 00:32:19.000
<v Speaker 1>you could do warp drive? I mean, really actually.

606
00:32:18.720 --> 00:32:21.400
<v Speaker 2>Is a well, you know this, there actually seems to

607
00:32:21.400 --> 00:32:24.880
<v Speaker 2>be oddly enough some breakthrough on the whole wolf drive thing,

608
00:32:25.680 --> 00:32:28.440
<v Speaker 2>because you can't exceed the speed of light, but technically

609
00:32:29.440 --> 00:32:33.440
<v Speaker 2>it is possible, theoretically possible to wolf space itself.

610
00:32:33.359 --> 00:32:35.279
<v Speaker 3>So that even on your in your in your local

611
00:32:35.319 --> 00:32:35.920
<v Speaker 3>space time.

612
00:32:35.799 --> 00:32:38.279
<v Speaker 2>Continuing, you're not traveling faster than the speed of light,

613
00:32:38.559 --> 00:32:41.200
<v Speaker 2>but you're you're warping space such that space is moving.

614
00:32:42.519 --> 00:32:45.680
<v Speaker 1>And and that's what got that? Is that A Now,

615
00:32:45.720 --> 00:32:49.880
<v Speaker 1>wait a minute, I actually kind of.

616
00:32:50.640 --> 00:32:53.279
<v Speaker 4>Like he goes to the Star Trek Museum in Las Vegas,

617
00:32:53.359 --> 00:32:53.960
<v Speaker 4>So let's not.

618
00:32:54.880 --> 00:32:59.920
<v Speaker 1>Is is that like in the fourth quarter or next year?

619
00:33:02.440 --> 00:33:05.079
<v Speaker 2>Well, I'm not sure warp drives ultimately, I mean, warp

620
00:33:05.160 --> 00:33:08.039
<v Speaker 2>drive may or may not come to come to fruition.

621
00:33:08.160 --> 00:33:09.759
<v Speaker 3>But I think if we at least.

622
00:33:09.519 --> 00:33:13.000
<v Speaker 2>Have a base on Mars, that's going to create a

623
00:33:13.039 --> 00:33:17.079
<v Speaker 2>forcing function for the improvement in space transport technology and

624
00:33:17.200 --> 00:33:19.720
<v Speaker 2>gives us the best chance of ever achieving something like

625
00:33:19.759 --> 00:33:22.640
<v Speaker 2>a wolf drive that would enable to travel easily.

626
00:33:23.039 --> 00:33:26.079
<v Speaker 5>But listen, Scottie Spock, let's talk about now.

627
00:33:26.319 --> 00:33:28.960
<v Speaker 4>Okay, all right, right, second, good.

628
00:33:28.799 --> 00:33:31.960
<v Speaker 2>Movie by the way, Yeah, it's it's recommend seeing the

629
00:33:32.000 --> 00:33:33.039
<v Speaker 2>New Start movie.

630
00:33:33.079 --> 00:33:35.480
<v Speaker 5>By the way, Larry Elson's son produced it, which is right,

631
00:33:35.519 --> 00:33:40.240
<v Speaker 5>only enough, what's happening now? What's available now for us?

632
00:33:40.440 --> 00:33:43.559
<v Speaker 5>Not warp drive, not transporter beams or whatever.

633
00:33:44.240 --> 00:33:47.839
<v Speaker 2>The big breakthrough that's needed in rocketry is to achieve

634
00:33:47.880 --> 00:33:52.240
<v Speaker 2>a fully and rapidly reusable rocket, and.

635
00:33:52.359 --> 00:33:56.680
<v Speaker 3>It's important to have those. Those are important qualifications because.

636
00:33:57.079 --> 00:33:59.559
<v Speaker 2>If you think of any other motor transport like a

637
00:33:59.599 --> 00:34:05.759
<v Speaker 2>plane or bike, car anything, of course that they are reusable. Yeah,

638
00:34:05.799 --> 00:34:09.719
<v Speaker 2>and you can very reasonable quickly and you know, fairly

639
00:34:09.760 --> 00:34:11.480
<v Speaker 2>completely apart from maintenance schedules.

640
00:34:11.639 --> 00:34:13.800
<v Speaker 1>And the only one we have the United States at

641
00:34:13.880 --> 00:34:17.320
<v Speaker 1>least built, or anybody built, I think, was the Shuttle, right,

642
00:34:17.360 --> 00:34:20.360
<v Speaker 1>and that was partly usable, but not quickly.

643
00:34:20.360 --> 00:34:23.519
<v Speaker 2>And it was only partly reusable. So the main tank,

644
00:34:23.599 --> 00:34:27.400
<v Speaker 2>the big orange thing, was not reusable. I was guaranteed

645
00:34:27.440 --> 00:34:29.880
<v Speaker 2>to be expendable every time. There wasn't just a tank

646
00:34:30.079 --> 00:34:32.199
<v Speaker 2>that that big arch thing was actually the primary airframe

647
00:34:32.239 --> 00:34:34.360
<v Speaker 2>to which the orbit of the plane pot and the

648
00:34:34.400 --> 00:34:37.559
<v Speaker 2>side boost is attached. So even in the best case scenario,

649
00:34:37.880 --> 00:34:41.880
<v Speaker 2>it would not have been reusable in a substantial way.

650
00:34:42.599 --> 00:34:46.039
<v Speaker 2>And then it took an army of ten thousand people

651
00:34:46.119 --> 00:34:49.079
<v Speaker 2>nine months to refurbish a shuttle for flight, which is

652
00:34:49.119 --> 00:34:55.320
<v Speaker 2>obviously not rapidly reusable. So in order to have a breakthrough,

653
00:34:55.719 --> 00:34:58.280
<v Speaker 2>you have to have a fully and rapidly reusable rocket,

654
00:34:58.840 --> 00:35:01.800
<v Speaker 2>and we're making progress in that direction, and I'm hopeful

655
00:35:01.880 --> 00:35:04.679
<v Speaker 2>that sometime in the next couple of years we'll be

656
00:35:04.719 --> 00:35:08.000
<v Speaker 2>able to achieve full and rapid usability of the first stage,

657
00:35:08.039 --> 00:35:10.800
<v Speaker 2>which is about three quarters of the cost of the rocket,

658
00:35:11.360 --> 00:35:15.840
<v Speaker 2>and then with a future design architecture, achieve full reusability.

659
00:35:16.400 --> 00:35:19.760
<v Speaker 1>And how long does it take to get to Mars

660
00:35:19.519 --> 00:35:22.000
<v Speaker 1>with whatever the technologies you.

661
00:35:21.760 --> 00:35:24.480
<v Speaker 2>Play with With relatively sort of standard rockets, a low

662
00:35:24.599 --> 00:35:27.559
<v Speaker 2>energy trajectory would be about six months. Well, you can

663
00:35:27.559 --> 00:35:30.079
<v Speaker 2>compress it down to three months without too.

664
00:35:30.000 --> 00:35:33.239
<v Speaker 1>Much trouble and you're now and there's no You're talking

665
00:35:33.280 --> 00:35:37.719
<v Speaker 1>about a humans on this rocket going to Mars. So

666
00:35:38.679 --> 00:35:41.960
<v Speaker 1>are there any dangers? I have read that there are

667
00:35:42.119 --> 00:35:45.920
<v Speaker 1>radius possibly go wrong. That's ridiculous.

668
00:35:46.199 --> 00:35:53.079
<v Speaker 9>Come on, I don't even like to drive with you.

669
00:35:53.400 --> 00:35:59.719
<v Speaker 9>I mean, yeah, a vice versa.

670
00:36:02.079 --> 00:36:05.440
<v Speaker 2>Yeah, So it's it's uh, there's probably some challenges along

671
00:36:05.480 --> 00:36:07.800
<v Speaker 2>the way, but but I think.

672
00:36:07.639 --> 00:36:09.079
<v Speaker 3>It's I think it's possible. I think we can make

673
00:36:09.119 --> 00:36:10.800
<v Speaker 3>it work like this way.

674
00:36:10.840 --> 00:36:14.960
<v Speaker 2>There's no if we're not violating any laws of physics,

675
00:36:14.760 --> 00:36:15.320
<v Speaker 2>it's all.

676
00:36:15.360 --> 00:36:15.679
<v Speaker 3>It's all.

677
00:36:16.159 --> 00:36:19.480
<v Speaker 2>It's difficult but achievable, and and I think we should

678
00:36:19.519 --> 00:36:22.639
<v Speaker 2>really try our hardest to make it happen. And why

679
00:36:22.719 --> 00:36:26.000
<v Speaker 2>Mars wells is the only place where we could really

680
00:36:27.000 --> 00:36:30.719
<v Speaker 2>create a self sustaining civilization of on on a planet scale?

681
00:36:30.760 --> 00:36:34.199
<v Speaker 5>Can you explain these people who don't know like myself?

682
00:36:34.280 --> 00:36:36.239
<v Speaker 3>Okay, well, so.

683
00:36:38.639 --> 00:36:40.519
<v Speaker 2>If you look at you know, various planets we've got

684
00:36:41.920 --> 00:36:45.320
<v Speaker 2>Mercury is too close to the sun, Venus is yeah, yeah,

685
00:36:45.639 --> 00:36:51.199
<v Speaker 2>I mean the rock smells on Mercury, so yeah, toasty.

686
00:36:52.320 --> 00:36:55.239
<v Speaker 3>And then and then Venus is still pretty pretty hot.

687
00:36:55.559 --> 00:36:58.559
<v Speaker 2>It's several hundred degrees and it's hype, and the atmosphere

688
00:36:58.599 --> 00:37:01.239
<v Speaker 2>is high pressure and it's acidic, so it's a high pressure,

689
00:37:01.239 --> 00:37:02.000
<v Speaker 2>hot acid bath.

690
00:37:02.199 --> 00:37:07.800
<v Speaker 1>So we actually thought of having a de conference on Venus.

691
00:37:06.320 --> 00:37:09.039
<v Speaker 3>Going to work say that Venus would be very challenging.

692
00:37:10.159 --> 00:37:13.480
<v Speaker 2>And then Mars obviously is on the other side of Earth,

693
00:37:13.519 --> 00:37:16.800
<v Speaker 2>and it's it's it's colder than Earth, but it's it's uh,

694
00:37:17.239 --> 00:37:20.599
<v Speaker 2>the temperature on Mars actually gets above room temperature on

695
00:37:20.679 --> 00:37:22.920
<v Speaker 2>Earth on a hot day in the summer.

696
00:37:24.199 --> 00:37:26.400
<v Speaker 3>And you could warm Mars.

697
00:37:26.199 --> 00:37:28.559
<v Speaker 2>Up over time with greenhouse gases and kind of the

698
00:37:28.559 --> 00:37:29.119
<v Speaker 2>opposite of what.

699
00:37:29.079 --> 00:37:32.960
<v Speaker 3>We're doing on Earth. Yeah, this is great export our

700
00:37:33.000 --> 00:37:34.440
<v Speaker 3>greenhouse gas and we're good at that.

701
00:37:34.480 --> 00:37:36.679
<v Speaker 4>You can bring all the gas covering all the.

702
00:37:37.239 --> 00:37:38.800
<v Speaker 1>All the GM cars there.

703
00:37:39.119 --> 00:37:47.360
<v Speaker 2>Yeah, but Mars' atmosphere is primarily common dix side, which

704
00:37:47.360 --> 00:37:48.559
<v Speaker 2>shows you how long, I mean, it's been there for

705
00:37:48.599 --> 00:37:50.719
<v Speaker 2>four billion years, shows you how long common dox side lasts.

706
00:37:50.760 --> 00:37:53.880
<v Speaker 1>It hangs around slowly, it warms up a planet.

707
00:37:54.159 --> 00:37:56.880
<v Speaker 2>Yeah, it was quite a thin common dox that atmosphere.

708
00:37:56.880 --> 00:37:58.400
<v Speaker 2>But if you would but we could bucket.

709
00:37:58.239 --> 00:37:59.000
<v Speaker 3>Up, we could buck it up.

710
00:37:59.039 --> 00:38:01.119
<v Speaker 1>We know, we have practice exactly.

711
00:38:01.199 --> 00:38:06.079
<v Speaker 3>So mas Is, you know, is a sort of it's

712
00:38:06.079 --> 00:38:08.239
<v Speaker 3>a fixed rupper of the planet. But we could we

713
00:38:08.280 --> 00:38:11.519
<v Speaker 3>could make it work. We can make it work.

714
00:38:14.119 --> 00:38:16.760
<v Speaker 4>Do you do you do you want to go there yourself?

715
00:38:16.800 --> 00:38:18.000
<v Speaker 5>I know you said you didn't want to die in

716
00:38:18.000 --> 00:38:20.639
<v Speaker 5>a rocket accident rather just impact.

717
00:38:20.719 --> 00:38:23.440
<v Speaker 4>Yeah, right, impact, But you don't mind dying there?

718
00:38:23.719 --> 00:38:25.960
<v Speaker 2>Yeah, I think, I mean, all things considered, I mean,

719
00:38:25.960 --> 00:38:28.760
<v Speaker 2>if one's gonna die anywhere, kind of cool, you know,

720
00:38:28.800 --> 00:38:30.920
<v Speaker 2>cool to die in Mazan.

721
00:38:32.360 --> 00:38:35.920
<v Speaker 4>I'm going with Hawaii. But yeah, so.

722
00:38:35.960 --> 00:38:37.920
<v Speaker 3>I think I think that, yeah, that'll be that'll be neat.

723
00:38:38.760 --> 00:38:41.119
<v Speaker 2>But I just think the the things that kind of

724
00:38:41.119 --> 00:38:43.039
<v Speaker 2>get me going are like, I think it's just really

725
00:38:43.039 --> 00:38:45.480
<v Speaker 2>important to to me to and I think to a

726
00:38:45.639 --> 00:38:47.440
<v Speaker 2>part of the other people in this room that if.

727
00:38:47.280 --> 00:38:50.320
<v Speaker 3>You look to the future, that it's an inspiring, exciting thing.

728
00:38:50.440 --> 00:38:53.159
<v Speaker 2>You know, the future is a better better than the present,

729
00:38:53.320 --> 00:38:54.920
<v Speaker 2>or this has a good chance of being better than

730
00:38:54.920 --> 00:38:57.840
<v Speaker 2>the present. And I think that's that's the main driver

731
00:38:58.440 --> 00:39:02.159
<v Speaker 2>for me. It's it's it's like, okay, what we have

732
00:39:02.239 --> 00:39:02.800
<v Speaker 2>what would.

733
00:39:02.559 --> 00:39:04.239
<v Speaker 3>Be a space frank civilization.

734
00:39:05.679 --> 00:39:07.920
<v Speaker 2>Or what we've be confined to point, I think it

735
00:39:07.920 --> 00:39:09.920
<v Speaker 2>would be so much better if it was the former.

736
00:39:10.199 --> 00:39:12.599
<v Speaker 5>Right now, your rocketsto are for doing payloads, and it's

737
00:39:12.599 --> 00:39:15.159
<v Speaker 5>a you're trying to make a business out of it too, correct.

738
00:39:14.840 --> 00:39:17.800
<v Speaker 2>I mean, yeah, yeah, absolutely, So we've got to keep SpaceX.

739
00:39:17.800 --> 00:39:21.360
<v Speaker 2>We've got to pay the Bose, right, And so the

740
00:39:21.559 --> 00:39:26.159
<v Speaker 2>what SpaceX does is is launch satellites for commercial customers

741
00:39:26.880 --> 00:39:31.159
<v Speaker 2>and do space station servicing. Cool NASA, So we won

742
00:39:31.239 --> 00:39:34.360
<v Speaker 2>the primary contract to do space station transport of cargo

743
00:39:34.519 --> 00:39:36.280
<v Speaker 2>to and from the space station, in fact with the

744
00:39:36.920 --> 00:39:39.360
<v Speaker 2>only craft capable of bringing significant cargo.

745
00:39:39.159 --> 00:39:41.039
<v Speaker 3>Back from the space station.

746
00:39:41.360 --> 00:39:45.800
<v Speaker 1>But it's not readily reusable yet, correct, it's not. It's

747
00:39:45.840 --> 00:39:49.039
<v Speaker 1>so you're in. Your breakthrough in a sense has been

748
00:39:49.639 --> 00:39:52.480
<v Speaker 1>to do what NASA and the Soviets used to do

749
00:39:52.639 --> 00:39:53.920
<v Speaker 1>or still do to some extent.

750
00:39:54.159 --> 00:39:55.199
<v Speaker 3>Soviets still do it.

751
00:39:55.800 --> 00:39:58.599
<v Speaker 1>But to do it in a via a private company.

752
00:39:58.880 --> 00:40:02.159
<v Speaker 2>Yeah, I'd say you breakthroughs thus far on the SpaceX

753
00:40:02.199 --> 00:40:07.400
<v Speaker 2>side are are incremental in nature, not revolutionary, and the

754
00:40:07.480 --> 00:40:10.960
<v Speaker 2>aspiration is to to have a revolutionary breakthrough. And I

755
00:40:11.000 --> 00:40:13.320
<v Speaker 2>should point out that the cost of the propellant in

756
00:40:13.360 --> 00:40:16.000
<v Speaker 2>the rocket is only about zero point three percent of

757
00:40:16.039 --> 00:40:18.920
<v Speaker 2>the cost of the of the vehicle, so it's maybe

758
00:40:19.000 --> 00:40:22.760
<v Speaker 2>a couple hundred thousand dollars to refuel the rocket, and

759
00:40:23.079 --> 00:40:28.880
<v Speaker 2>where's costs of sixty million dollars? And which it makes

760
00:40:28.880 --> 00:40:30.360
<v Speaker 2>sense if you think about planes, like how much does

761
00:40:30.360 --> 00:40:32.480
<v Speaker 2>a plane cost versus refueling a plane?

762
00:40:32.719 --> 00:40:33.880
<v Speaker 3>Right, big, big difference.

763
00:40:35.039 --> 00:40:36.480
<v Speaker 2>Nobody would be flying if you had to buy a

764
00:40:36.519 --> 00:40:37.440
<v Speaker 2>new plane every flight.

765
00:40:38.760 --> 00:40:42.639
<v Speaker 1>Now, although although United should.

766
00:40:42.559 --> 00:40:44.840
<v Speaker 3>Right exactly that this come of time, we.

767
00:40:44.719 --> 00:40:47.039
<v Speaker 1>Have some of those United flights.

768
00:40:47.119 --> 00:40:48.599
<v Speaker 3>Yeah, just lim along in the tooth.

769
00:40:48.800 --> 00:40:50.679
<v Speaker 4>When you're thinking of these things, you're doing a lot

770
00:40:50.679 --> 00:40:54.960
<v Speaker 4>of stuff. Kind of busy fella. Who were your heroes?

771
00:40:55.400 --> 00:40:57.920
<v Speaker 4>Who are you? What inspired you to be this?

772
00:40:58.639 --> 00:40:58.920
<v Speaker 3>Sure?

773
00:40:59.519 --> 00:41:04.119
<v Speaker 2>Well think uh, generally a lot of people that ad

774
00:41:04.199 --> 00:41:08.840
<v Speaker 2>mind in history, certainly scientists and engineers and technologists in general.

775
00:41:08.880 --> 00:41:13.840
<v Speaker 2>Obviously I'm a big admier of Tesla, Nicola, Tesla, and

776
00:41:13.679 --> 00:41:17.480
<v Speaker 2>and and you know many others huh, I mean on

777
00:41:17.559 --> 00:41:19.719
<v Speaker 2>the obvious people you can imagine saying I like I

778
00:41:19.800 --> 00:41:23.000
<v Speaker 2>like Tesla, Edison too. Other people sometimes are surprised to

779
00:41:23.039 --> 00:41:26.719
<v Speaker 2>hear that since we were company called Tesla. And uh,

780
00:41:27.639 --> 00:41:35.519
<v Speaker 2>you know Einstein Newton, Uh, just like Darwin A big

781
00:41:35.559 --> 00:41:38.599
<v Speaker 2>fan of Ben Franklin. I think he's just you know,

782
00:41:39.440 --> 00:41:42.360
<v Speaker 2>some example of a great human being in history, you know,

783
00:41:42.639 --> 00:41:44.519
<v Speaker 2>so that I'd say that people like that.

784
00:41:44.559 --> 00:41:49.119
<v Speaker 1>And are are there. Obviously you, uh were one of

785
00:41:49.119 --> 00:41:56.400
<v Speaker 1>the pioneers of an important Internet company, PayPal. Did anybody

786
00:41:56.400 --> 00:41:59.320
<v Speaker 1>else in the kind of IT t area inspire you?

787
00:41:59.480 --> 00:42:01.440
<v Speaker 1>I mean obvious, See, all those people you mentioned are

788
00:42:01.840 --> 00:42:05.360
<v Speaker 1>really great geniuses, but they were kind of well before

789
00:42:05.440 --> 00:42:09.119
<v Speaker 1>the There are more scientists and theyre and inventors well

790
00:42:09.159 --> 00:42:11.840
<v Speaker 1>before the IT era or is it just too early

791
00:42:11.880 --> 00:42:12.119
<v Speaker 1>in the It?

792
00:42:13.119 --> 00:42:18.079
<v Speaker 2>Absolutely amy anyone who's who's worked hard to accomplish some

793
00:42:18.159 --> 00:42:20.800
<v Speaker 2>great thing, I mean, it's it's worthy of admiration. So

794
00:42:22.199 --> 00:42:25.199
<v Speaker 2>you know, obviously it's hard not to admry someone like

795
00:42:25.239 --> 00:42:31.679
<v Speaker 2>Steve Jobs, you know, Bill Gates or you know sort

796
00:42:31.679 --> 00:42:34.320
<v Speaker 2>of present day big fan of Larry Page is a

797
00:42:34.320 --> 00:42:36.960
<v Speaker 2>good friend of mine, you know what him and said

798
00:42:36.960 --> 00:42:38.440
<v Speaker 2>I give on there is pretty awesome.

799
00:42:40.280 --> 00:42:44.159
<v Speaker 1>So yeah, and then probably many many journalists.

800
00:42:45.840 --> 00:42:50.159
<v Speaker 3>I'm not against journalist. Look you're here, yeah exactly.

801
00:42:50.559 --> 00:42:52.920
<v Speaker 5>But when you talk about the Internet of today, how

802
00:42:52.960 --> 00:42:54.360
<v Speaker 5>do you look at it? You were in a very

803
00:42:54.400 --> 00:42:56.480
<v Speaker 5>clear part of the Internet that was you know, and

804
00:42:56.639 --> 00:42:59.119
<v Speaker 5>I remember you and you were mister Web one point

805
00:42:59.199 --> 00:43:00.679
<v Speaker 5>zero like they were, right, you know, and you did

806
00:43:00.800 --> 00:43:02.000
<v Speaker 5>infect pose in front of cars.

807
00:43:02.039 --> 00:43:03.760
<v Speaker 4>I remember there was some car picture.

808
00:43:03.480 --> 00:43:08.400
<v Speaker 2>These Yeah, yeah, por mclareneff one, right exactly, So.

809
00:43:08.800 --> 00:43:11.039
<v Speaker 1>You weren't close, no, no.

810
00:43:11.320 --> 00:43:15.400
<v Speaker 3>Well, yeah, so you know what that is. And I

811
00:43:15.400 --> 00:43:20.239
<v Speaker 3>shall tell you here. I actually do have I haven't

812
00:43:20.239 --> 00:43:20.760
<v Speaker 3>told me was.

813
00:43:22.400 --> 00:43:24.719
<v Speaker 2>In a while, but I do actually still own one

814
00:43:24.760 --> 00:43:27.800
<v Speaker 2>gasoline car, which is a sixty seven Series one E

815
00:43:27.880 --> 00:43:30.280
<v Speaker 2>type jagh.

816
00:43:30.719 --> 00:43:33.159
<v Speaker 4>I don't know which great, I know exactly what it says.

817
00:43:35.400 --> 00:43:37.039
<v Speaker 4>I have a Master five. I love a lot.

818
00:43:38.679 --> 00:43:42.599
<v Speaker 2>But when I when I was sort of in college,

819
00:43:42.639 --> 00:43:45.000
<v Speaker 2>there were I was reading about the mclareneff one and

820
00:43:45.000 --> 00:43:46.679
<v Speaker 2>it's just an insuring work of art. I mean, it's

821
00:43:46.840 --> 00:43:50.920
<v Speaker 2>really really done right, and and so I thought, if

822
00:43:50.960 --> 00:43:53.840
<v Speaker 2>I haven't made a plenty that i'd buy them mclareneff one.

823
00:43:53.960 --> 00:43:56.320
<v Speaker 2>So I'm actually living in an apartment in Pola Walter

824
00:43:57.679 --> 00:43:58.559
<v Speaker 2>that that costs.

825
00:43:58.360 --> 00:43:59.880
<v Speaker 3>Significantly less than the car.

826
00:44:01.079 --> 00:44:02.039
<v Speaker 4>I remember that picture.

827
00:44:02.159 --> 00:44:04.079
<v Speaker 2>Yeah, And it was either upgrade to a house or

828
00:44:04.119 --> 00:44:08.760
<v Speaker 2>buy the car. And I bought the car.

829
00:44:09.880 --> 00:44:10.119
<v Speaker 3>Yeah.

830
00:44:10.159 --> 00:44:11.599
<v Speaker 1>And were you married at the time.

831
00:44:11.639 --> 00:44:13.960
<v Speaker 4>I was, actually, Yeah, you posed in front of it.

832
00:44:13.960 --> 00:44:16.039
<v Speaker 4>It was quite a symbol of the time, you know.

833
00:44:16.480 --> 00:44:17.079
<v Speaker 3>Yeah, exactly.

834
00:44:17.280 --> 00:44:19.559
<v Speaker 2>I wasn't really it probably wasn't the best idea, but

835
00:44:21.880 --> 00:44:23.719
<v Speaker 2>there was an impact. It was was kind of funny.

836
00:44:23.719 --> 00:44:27.679
<v Speaker 2>It was this show which was like if there was

837
00:44:27.920 --> 00:44:30.119
<v Speaker 2>ever sort of a show in Hubris who probably was

838
00:44:30.159 --> 00:44:34.360
<v Speaker 2>called Silicon Valley gold Rush and it was literally filmed

839
00:44:34.360 --> 00:44:40.039
<v Speaker 2>in ninety nine, in nineteen ninety nine, and and so

840
00:44:40.079 --> 00:44:43.800
<v Speaker 2>they filled me and getting the McLaren and and a.

841
00:44:43.840 --> 00:44:45.119
<v Speaker 3>Number of other people as well.

842
00:44:46.119 --> 00:44:49.599
<v Speaker 2>Unfortunately PayPal worked out, otherwise it would have been extremely embarrassing.

843
00:44:49.800 --> 00:44:51.639
<v Speaker 4>Did you go like, ooh, I go one or something.

844
00:44:51.920 --> 00:44:53.599
<v Speaker 3>I know how to do that, but I was pretty

845
00:44:53.599 --> 00:44:54.480
<v Speaker 3>excited about getting it.

846
00:44:55.000 --> 00:44:57.199
<v Speaker 5>So why when you look at the Internet of today

847
00:44:57.199 --> 00:44:58.719
<v Speaker 5>when the we're gonna get to questions from lots of

848
00:44:58.800 --> 00:45:01.599
<v Speaker 5>questions from the audience, I'm sure, what do you think

849
00:45:01.639 --> 00:45:04.239
<v Speaker 5>of the rest of the space the photo sharing? Is

850
00:45:04.239 --> 00:45:06.639
<v Speaker 5>it meaningless because given you're going to Mars and everything,

851
00:45:06.719 --> 00:45:09.039
<v Speaker 5>or is it.

852
00:45:07.159 --> 00:45:08.320
<v Speaker 3>What I mean?

853
00:45:08.400 --> 00:45:11.920
<v Speaker 1>People are like Vine, like, you know, you a selfie

854
00:45:12.559 --> 00:45:15.920
<v Speaker 1>just animated. A lot of people you know, are kind

855
00:45:15.920 --> 00:45:19.079
<v Speaker 1>of excited about I love them. Carriage had some great ones, absolutely,

856
00:45:19.119 --> 00:45:24.360
<v Speaker 1>but it's not going It's not to planetary habitats. It's

857
00:45:24.400 --> 00:45:28.079
<v Speaker 1>like a different thing, you know, or even being able

858
00:45:28.119 --> 00:45:31.360
<v Speaker 1>to drive from New York to la on electric power

859
00:45:31.679 --> 00:45:32.480
<v Speaker 1>on electric power.

860
00:45:33.360 --> 00:45:34.519
<v Speaker 5>What do you think of when you look at the

861
00:45:34.519 --> 00:45:36.719
<v Speaker 5>Internet right now, what do you about what's developing and

862
00:45:36.760 --> 00:45:37.440
<v Speaker 5>what's happening.

863
00:45:38.119 --> 00:45:41.760
<v Speaker 2>Well, I mean I think I actually I'm not dismissive

864
00:45:41.800 --> 00:45:44.159
<v Speaker 2>of things like like photo sharing apps and that kind

865
00:45:44.159 --> 00:45:44.320
<v Speaker 2>of thing.

866
00:45:44.360 --> 00:45:44.719
<v Speaker 3>I think the.

867
00:45:46.679 --> 00:45:48.760
<v Speaker 2>I mean, there's a lot of things where it provides

868
00:45:48.840 --> 00:45:51.719
<v Speaker 2>say a small amount of value to a lot of people,

869
00:45:51.880 --> 00:45:54.679
<v Speaker 2>and that you know, sums up to some large value.

870
00:45:54.400 --> 00:45:55.960
<v Speaker 3>And that's that's still good.

871
00:45:56.480 --> 00:45:59.199
<v Speaker 2>I mean, people able to share photos of their friends

872
00:45:59.199 --> 00:46:00.719
<v Speaker 2>and family in a better way.

873
00:46:00.719 --> 00:46:02.000
<v Speaker 3>I think that makes their lives better.

874
00:46:02.039 --> 00:46:05.960
<v Speaker 2>And if if that puts a high value on the company,

875
00:46:05.960 --> 00:46:06.679
<v Speaker 2>so be it.

876
00:46:06.719 --> 00:46:07.840
<v Speaker 3>I think that's not that bad.

877
00:46:09.480 --> 00:46:13.159
<v Speaker 2>And I mean, I think we've got an enormously a

878
00:46:13.199 --> 00:46:16.880
<v Speaker 2>lot of talents and people, a lot of talent, entrepreneurs,

879
00:46:17.079 --> 00:46:21.760
<v Speaker 2>Finnish capitalists and now those in the Internet arena, and

880
00:46:21.880 --> 00:46:23.599
<v Speaker 2>I think it'd be great if some of those people

881
00:46:23.639 --> 00:46:26.679
<v Speaker 2>would would actually go to other arenas that that could

882
00:46:26.760 --> 00:46:27.320
<v Speaker 2>use their talent.

883
00:46:27.559 --> 00:46:29.079
<v Speaker 3>I mean, that's the only thing that I.

884
00:46:29.000 --> 00:46:31.679
<v Speaker 5>Would say, Well, there is this concept someone someone the

885
00:46:31.719 --> 00:46:33.079
<v Speaker 5>other day when I was asking what's going.

886
00:46:33.000 --> 00:46:35.199
<v Speaker 4>On in Silicon Valley and he said, very smart guy.

887
00:46:35.519 --> 00:46:37.239
<v Speaker 5>He said, you know, there's a lot of big minds

888
00:46:37.280 --> 00:46:41.360
<v Speaker 5>chasing small ideas, right, and I sometimes you know the

889
00:46:41.480 --> 00:46:42.599
<v Speaker 5>ninth kind.

890
00:46:42.480 --> 00:46:43.320
<v Speaker 4>Of silly little thing.

891
00:46:43.360 --> 00:46:46.960
<v Speaker 5>You're like, Wow, these are fantastic and yet like everyone's

892
00:46:46.960 --> 00:46:48.639
<v Speaker 5>making twinkies, right kind of thing.

893
00:46:49.800 --> 00:46:54.199
<v Speaker 2>So yeah, and I think that's there's probably I mean,

894
00:46:54.199 --> 00:46:59.079
<v Speaker 2>i'd recommend that that people consider arenas outside of the Internet,

895
00:47:01.199 --> 00:47:03.119
<v Speaker 2>because there's there's there's a lot of like I said,

896
00:47:03.119 --> 00:47:07.000
<v Speaker 2>there's a lot of industries that could use that entrepreneurial

897
00:47:07.000 --> 00:47:10.320
<v Speaker 2>talent and the skills that people have learned in creating companies.

898
00:47:11.519 --> 00:47:14.960
<v Speaker 3>And you know, then there's actually a lot of.

899
00:47:14.920 --> 00:47:20.039
<v Speaker 2>Opportunity, uh in these industries, particularly once where they've been

900
00:47:20.159 --> 00:47:24.440
<v Speaker 2>kind of dominated by an oligobalistic set of companies for

901
00:47:24.480 --> 00:47:29.719
<v Speaker 2>a long time. Oligopolies are not diopolism. Monopolies are not

902
00:47:29.880 --> 00:47:33.880
<v Speaker 2>great at innovation. Innovation comes from new entrants to an arena,

903
00:47:34.440 --> 00:47:37.440
<v Speaker 2>and so when an industry has had the absence of

904
00:47:37.480 --> 00:47:42.800
<v Speaker 2>new entrants, it tends to have very limited innovation, which

905
00:47:43.119 --> 00:47:45.440
<v Speaker 2>also means that if you do get a break on

906
00:47:45.519 --> 00:47:47.239
<v Speaker 2>through the other side, then you, there is a lot

907
00:47:47.239 --> 00:47:50.599
<v Speaker 2>of opportunity for a company that's that's created there.

908
00:47:51.480 --> 00:47:52.360
<v Speaker 4>So what are you doing next?

909
00:47:52.360 --> 00:47:54.880
<v Speaker 5>Because you're you know, we're kind of bored with these

910
00:47:54.920 --> 00:47:55.360
<v Speaker 5>last two.

911
00:47:56.320 --> 00:47:58.199
<v Speaker 2>Well, I think I'll be occupied with Teslim and SpaceX

912
00:47:58.239 --> 00:47:58.760
<v Speaker 2>for a long time.

913
00:47:58.760 --> 00:47:59.719
<v Speaker 4>But is there one other?

914
00:48:00.320 --> 00:48:02.000
<v Speaker 1>Don't you have a solar thing?

915
00:48:02.800 --> 00:48:05.719
<v Speaker 3>Yeah? In fact, But I should clarify that a lot of.

916
00:48:05.800 --> 00:48:09.119
<v Speaker 2>Times people ascribe the success of Soul City to me,

917
00:48:09.199 --> 00:48:12.480
<v Speaker 2>but I surely should be ascribed to the my cousins,

918
00:48:12.480 --> 00:48:15.360
<v Speaker 2>the co founders, Leonard and Peter Rive. I mean, I

919
00:48:15.440 --> 00:48:19.360
<v Speaker 2>provide some strategic advice and I suggested that they do

920
00:48:19.480 --> 00:48:22.920
<v Speaker 2>a company in the solar arena. But but they deserve

921
00:48:22.960 --> 00:48:25.679
<v Speaker 2>the vast majority of the credit for for that outcome,

922
00:48:25.719 --> 00:48:28.119
<v Speaker 2>and it should simply shouldn't be ascribed to me.

923
00:48:28.599 --> 00:48:30.800
<v Speaker 1>Okay, all right, well we're going to take thanks you.

924
00:48:31.280 --> 00:48:33.119
<v Speaker 5>And by the way, Elon said to me, he wasn't

925
00:48:33.159 --> 00:48:35.320
<v Speaker 5>why would we want him here? He's not a technologist,

926
00:48:35.360 --> 00:48:37.679
<v Speaker 5>just so you know, well, and I just was like,

927
00:48:37.719 --> 00:48:38.159
<v Speaker 5>I don't know.

928
00:48:38.079 --> 00:48:38.679
<v Speaker 4>What you're talking.

929
00:48:38.719 --> 00:48:40.760
<v Speaker 2>Well, I'm a technologist, but I'm not on Internet, so

930
00:48:40.800 --> 00:48:41.760
<v Speaker 2>I'm not like digital.

931
00:48:41.880 --> 00:48:42.320
<v Speaker 3>That's the thing.

932
00:48:42.360 --> 00:48:44.079
<v Speaker 2>It's like, I was like, okay, well things digital, Well

933
00:48:44.199 --> 00:48:45.920
<v Speaker 2>nothing digital's not exactly digital.

934
00:48:46.119 --> 00:48:47.760
<v Speaker 1>There's nothing digital in the Tesla.

935
00:48:48.199 --> 00:48:53.239
<v Speaker 2>There are digital things, but it's yeah, it's in sale

936
00:48:53.239 --> 00:48:55.719
<v Speaker 2>things digital and physical.

937
00:48:57.679 --> 00:48:59.840
<v Speaker 4>All right, let's get to the question. Sure, just be

938
00:49:00.039 --> 00:49:02.239
<v Speaker 4>called old Things. That's our new name.

939
00:49:03.400 --> 00:49:04.199
<v Speaker 1>You want to serve there?

940
00:49:04.199 --> 00:49:09.719
<v Speaker 10>Okay, all right, Surevan picturevar from Sharp Howlan. I've been

941
00:49:09.719 --> 00:49:11.800
<v Speaker 10>coming here for many years, and all of us so

942
00:49:11.840 --> 00:49:13.840
<v Speaker 10>who have been here for many years of we're always

943
00:49:13.880 --> 00:49:16.719
<v Speaker 10>inspired to see see jobs here and obviously we all

944
00:49:16.840 --> 00:49:19.559
<v Speaker 10>miss him deeply, but somehow your presence here and your

945
00:49:19.599 --> 00:49:25.559
<v Speaker 10>inspiration really eases that pain. So thank you for coming.

946
00:49:24.920 --> 00:49:32.679
<v Speaker 10>I say, Elan, there there is one idea you have

947
00:49:32.800 --> 00:49:36.480
<v Speaker 10>that we've discussed before, which is hyper loop, and I

948
00:49:36.719 --> 00:49:39.679
<v Speaker 10>would love for you to tell this audience what that

949
00:49:39.880 --> 00:49:42.400
<v Speaker 10>is and how it could change our world. Again, thank you.

950
00:49:43.679 --> 00:49:47.719
<v Speaker 3>Yeah, I would actually love to to answer that question.

951
00:49:47.840 --> 00:49:51.039
<v Speaker 2>But if I do it, will that will be the

952
00:49:51.039 --> 00:49:54.719
<v Speaker 2>news tomorrow it whereas I need to do the test

953
00:49:54.760 --> 00:50:00.199
<v Speaker 2>of news. You did that, yeah, so so.

954
00:50:01.920 --> 00:50:05.159
<v Speaker 3>Yeah, I think probably'll.

955
00:50:04.719 --> 00:50:07.440
<v Speaker 2>Be able to talk about the Hyperloupe idea and maybe

956
00:50:07.599 --> 00:50:11.639
<v Speaker 2>pretty soon there's there's a Tesla announcement We've got next

957
00:50:11.679 --> 00:50:16.159
<v Speaker 2>month or so, around June twentieth or so, and I think.

958
00:50:20.519 --> 00:50:21.760
<v Speaker 3>I think at some point.

959
00:50:21.599 --> 00:50:25.920
<v Speaker 2>After that would I took that should hopefully that that

960
00:50:25.920 --> 00:50:28.480
<v Speaker 2>that will be a good time to talk about the

961
00:50:28.920 --> 00:50:29.760
<v Speaker 2>Hyperloupe idea.

962
00:50:29.920 --> 00:50:31.920
<v Speaker 3>But for those that aren't aware, the basic.

963
00:50:32.079 --> 00:50:37.079
<v Speaker 2>Thought is is is there a better way to travel

964
00:50:37.159 --> 00:50:42.119
<v Speaker 2>quickly from uh say, downtown LA to downtown San Francisco

965
00:50:42.400 --> 00:50:45.880
<v Speaker 2>or Eli to San Francisco that's better than the high

966
00:50:45.880 --> 00:50:48.760
<v Speaker 2>speed rail that's being proposed, because the high speed rail

967
00:50:49.000 --> 00:50:50.360
<v Speaker 2>that that's what it originally got to me to.

968
00:50:50.360 --> 00:50:51.960
<v Speaker 3>Think about, you is there some better way to do it?

969
00:50:51.960 --> 00:50:54.599
<v Speaker 2>Because the high speed rail that's being proposed would actually

970
00:50:54.599 --> 00:50:56.760
<v Speaker 2>be the slowest of the slowest bull training in the

971
00:50:56.760 --> 00:50:58.639
<v Speaker 2>world and the most expensive for a mile in the world,

972
00:50:59.039 --> 00:51:01.159
<v Speaker 2>which is not the suppoters we're.

973
00:51:01.000 --> 00:51:07.079
<v Speaker 11>Looking for black our Internet, but it's you know, I

974
00:51:07.119 --> 00:51:11.760
<v Speaker 11>think this it's all depressing to sort of have something.

975
00:51:11.480 --> 00:51:14.639
<v Speaker 2>That's like the slowest bulletrain in the world in California

976
00:51:14.679 --> 00:51:15.760
<v Speaker 2>at enormous cost.

977
00:51:17.360 --> 00:51:19.159
<v Speaker 3>And isn't this something better that we could come.

978
00:51:19.079 --> 00:51:21.559
<v Speaker 1>Up with that's something better as the hyper loop? Well?

979
00:51:21.599 --> 00:51:23.840
<v Speaker 1>I think so probably, but I don't know what that is.

980
00:51:24.000 --> 00:51:27.760
<v Speaker 2>Yeah, I want to ride on it.

981
00:51:28.079 --> 00:51:31.079
<v Speaker 3>Yeah, I think.

982
00:51:31.239 --> 00:51:33.440
<v Speaker 2>You know, even even if even if I'm sort of

983
00:51:33.440 --> 00:51:37.880
<v Speaker 2>wrong about the economic assumptions behind the hyper loop, it

984
00:51:37.920 --> 00:51:39.480
<v Speaker 2>would still be a really fun ride.

985
00:51:40.079 --> 00:51:42.119
<v Speaker 3>Even if only one of it ever existed. It would

986
00:51:42.159 --> 00:51:42.800
<v Speaker 3>be a really.

987
00:51:42.559 --> 00:51:43.079
<v Speaker 12>Fun run.

988
00:51:47.519 --> 00:51:49.119
<v Speaker 4>A plane, automobile.

989
00:51:49.239 --> 00:51:53.679
<v Speaker 3>It's it's a transporter machine. It's a cross between a

990
00:51:53.719 --> 00:51:55.320
<v Speaker 3>concord and a rail gun.

991
00:51:56.679 --> 00:52:00.239
<v Speaker 1>A concord and a rail gun. Okay, but you're not

992
00:52:00.280 --> 00:52:01.920
<v Speaker 1>you know, I don't want.

993
00:52:01.800 --> 00:52:03.559
<v Speaker 2>To hear something else in there, just to make it

994
00:52:03.599 --> 00:52:09.480
<v Speaker 2>sound even more even more bizarre, since crusts me to concord,

995
00:52:09.639 --> 00:52:10.639
<v Speaker 2>a rail gun.

996
00:52:10.559 --> 00:52:17.280
<v Speaker 3>And an air hockey table. But a baby, somehow.

997
00:52:17.440 --> 00:52:19.320
<v Speaker 1>You wouldn't want to go a little bit beyond that.

998
00:52:20.320 --> 00:52:27.119
<v Speaker 4>Oh my god, Okay, let's go. Let's go San Francisco.

999
00:52:27.320 --> 00:52:31.159
<v Speaker 4>Is in you blaying a baby? We love it? Thank you,

1000
00:52:31.199 --> 00:52:32.039
<v Speaker 4>and THATX will help.

1001
00:52:32.519 --> 00:52:36.360
<v Speaker 13>Since since you're feeling so loquacious to okay, when are

1002
00:52:36.400 --> 00:52:37.239
<v Speaker 13>you planning to.

1003
00:52:37.159 --> 00:52:38.760
<v Speaker 4>Take the first people up into orbit?

1004
00:52:38.800 --> 00:52:41.960
<v Speaker 13>Whether it's the space station or Bigelow or whatever she

1005
00:52:42.039 --> 00:52:42.559
<v Speaker 13>wants to go?

1006
00:52:42.920 --> 00:52:46.639
<v Speaker 2>Yeaheah, absolutely well, we're actually we're working on working in

1007
00:52:46.719 --> 00:52:51.199
<v Speaker 2>version two about Dragon spacecraft and in partnership with with with.

1008
00:52:51.239 --> 00:52:53.719
<v Speaker 3>NASA, so this is uh NASA's.

1009
00:52:53.920 --> 00:52:57.280
<v Speaker 2>NASA is our biggest customer, although we also expect to

1010
00:52:57.920 --> 00:53:02.039
<v Speaker 2>transport UH private citizens and we think we'll probably see

1011
00:53:02.280 --> 00:53:05.480
<v Speaker 2>the first flights of people in two to three years.

1012
00:53:07.079 --> 00:53:09.519
<v Speaker 4>So thank you nice knowing.

1013
00:53:11.480 --> 00:53:14.800
<v Speaker 13>No, no, I'm retiring on Mars, but not yet. Okay,

1014
00:53:15.199 --> 00:53:17.800
<v Speaker 13>Yes we're here Allison Sheridan from Raythan and I am

1015
00:53:17.840 --> 00:53:19.840
<v Speaker 13>behind the camera. Now I know why everybody's been saying

1016
00:53:19.840 --> 00:53:21.159
<v Speaker 13>that looking right through the camera.

1017
00:53:21.920 --> 00:53:23.360
<v Speaker 4>Thanks for your presence at all things to you.

1018
00:53:23.400 --> 00:53:24.960
<v Speaker 13>A couple of years ago, I did get a chance

1019
00:53:25.039 --> 00:53:26.239
<v Speaker 13>to drive the Tesla roadster.

1020
00:53:26.760 --> 00:53:28.159
<v Speaker 1>That was so much fun.

1021
00:53:28.280 --> 00:53:28.440
<v Speaker 3>Cool.

1022
00:53:28.599 --> 00:53:30.440
<v Speaker 13>I scared the guy though, he got a little nervous.

1023
00:53:30.480 --> 00:53:32.519
<v Speaker 13>But what I actually wanted to ask you about was

1024
00:53:32.559 --> 00:53:34.800
<v Speaker 13>we've talked a lot here about the importance of STEM

1025
00:53:34.960 --> 00:53:36.320
<v Speaker 13>education and trying to.

1026
00:53:36.360 --> 00:53:38.000
<v Speaker 1>Encourage that, and it's been suggested that.

1027
00:53:38.000 --> 00:53:41.840
<v Speaker 13>Part of our strategy really should be immigrant STEM type people.

1028
00:53:41.960 --> 00:53:43.880
<v Speaker 13>And I'm just guessing that with your background, maybe you

1029
00:53:43.920 --> 00:53:45.440
<v Speaker 13>have some interesting perspective on that.

1030
00:53:45.679 --> 00:53:46.760
<v Speaker 4>Oh I forgot that question.

1031
00:53:46.840 --> 00:53:48.719
<v Speaker 3>Yeah, Oh you're welcome, great question.

1032
00:53:48.840 --> 00:53:53.320
<v Speaker 2>But I did think, yeah, I did think we should

1033
00:53:53.320 --> 00:53:57.519
<v Speaker 2>be I mean, if there's some really talented grad students

1034
00:53:57.840 --> 00:54:01.239
<v Speaker 2>at American colleges. It's easy to send them home or

1035
00:54:01.280 --> 00:54:02.159
<v Speaker 2>force them to go home.

1036
00:54:02.039 --> 00:54:03.079
<v Speaker 3>In a lot of cases.

1037
00:54:03.559 --> 00:54:05.599
<v Speaker 2>So I think we should have some reform of immigration

1038
00:54:05.679 --> 00:54:11.159
<v Speaker 2>policy that actually has has us, you know, arguably recruiting.

1039
00:54:11.199 --> 00:54:12.079
<v Speaker 3>I mean you should think of.

1040
00:54:12.039 --> 00:54:15.199
<v Speaker 2>Like like if you if if this was a company,

1041
00:54:15.559 --> 00:54:17.480
<v Speaker 2>if the United States a company, You'll be working hard

1042
00:54:17.519 --> 00:54:20.880
<v Speaker 2>to recruit top people and you certainly wouldn't be expelling them.

1043
00:54:21.960 --> 00:54:23.159
<v Speaker 3>That would be that would be crazy.

1044
00:54:23.199 --> 00:54:25.159
<v Speaker 2>So we should definitely have some reform on that front.

1045
00:54:26.480 --> 00:54:28.599
<v Speaker 2>And it doesn a near to the benefit of other countries.

1046
00:54:28.719 --> 00:54:33.079
<v Speaker 3>But but but we should try to have them stay here,

1047
00:54:33.119 --> 00:54:33.440
<v Speaker 3>I think.

1048
00:54:35.119 --> 00:54:37.960
<v Speaker 2>And but with respect to to STEM in general, I

1049
00:54:38.000 --> 00:54:43.239
<v Speaker 2>think to agree that there are exciting technology projects that

1050
00:54:43.559 --> 00:54:46.960
<v Speaker 2>kids in school can read about and and and say, Okay,

1051
00:54:47.000 --> 00:54:49.480
<v Speaker 2>I'd like to be I'd like to work work on

1052
00:54:49.480 --> 00:54:51.079
<v Speaker 2>that or be part of that.

1053
00:54:51.079 --> 00:54:54.679
<v Speaker 3>That is what craws people into the science and technology.

1054
00:54:55.880 --> 00:54:58.360
<v Speaker 2>And like the biggest thing I think in history that

1055
00:54:58.480 --> 00:55:00.679
<v Speaker 2>is on on that front has been there was their

1056
00:55:00.679 --> 00:55:04.840
<v Speaker 2>poll or programs. I think there's probably not been any

1057
00:55:05.039 --> 00:55:07.920
<v Speaker 2>single thing that's been more powerful in enjoying kids in

1058
00:55:07.960 --> 00:55:11.480
<v Speaker 2>because they're like like, wow, we send something, I want

1059
00:55:11.519 --> 00:55:14.159
<v Speaker 2>to help make that happen or or you know, and

1060
00:55:14.159 --> 00:55:16.519
<v Speaker 2>and and go beyond that. So I think I think

1061
00:55:16.559 --> 00:55:17.800
<v Speaker 2>it's it's really important to.

1062
00:55:17.760 --> 00:55:20.360
<v Speaker 3>Have those projects that their kids.

1063
00:55:20.079 --> 00:55:21.719
<v Speaker 2>Can can read about and want to be part of

1064
00:55:21.800 --> 00:55:24.000
<v Speaker 2>in school and.

1065
00:55:23.079 --> 00:55:24.320
<v Speaker 3>And that will really draw them.

1066
00:55:24.519 --> 00:55:28.719
<v Speaker 1>Since we just touched on immigration, can you explain what

1067
00:55:28.920 --> 00:55:34.360
<v Speaker 1>happened with the uh political lobbying effort started by Mark

1068
00:55:34.440 --> 00:55:37.599
<v Speaker 1>Soberg you were, you were supporter of, but then you

1069
00:55:38.000 --> 00:55:40.679
<v Speaker 1>withdrew along with some others. What was that all about?

1070
00:55:41.400 --> 00:55:46.880
<v Speaker 2>Yeah, So initially when I was, uh, you know, I

1071
00:55:46.920 --> 00:55:52.159
<v Speaker 2>don't agree to be part of Forward US because the

1072
00:55:53.000 --> 00:55:55.119
<v Speaker 2>I do believe in immigration reform.

1073
00:55:55.159 --> 00:55:56.599
<v Speaker 3>I think we need to you know, we've got some

1074
00:55:56.599 --> 00:55:57.639
<v Speaker 3>really auntecreated laws and.

1075
00:55:57.920 --> 00:56:01.320
<v Speaker 2>Change them and and there's you know, other things that

1076
00:56:01.320 --> 00:56:05.599
<v Speaker 2>that also need to be on on the agenda.

1077
00:56:06.599 --> 00:56:08.559
<v Speaker 3>So I thought, okay, I'll support that, and.

1078
00:56:10.639 --> 00:56:15.320
<v Speaker 2>But but I think that the methods that were employed,

1079
00:56:15.440 --> 00:56:17.480
<v Speaker 2>I mean there was a little too much of the

1080
00:56:17.519 --> 00:56:20.920
<v Speaker 2>sort of Kissinger esque reality politic, you know, and that

1081
00:56:21.079 --> 00:56:23.920
<v Speaker 2>wasn't I mean, I think we should try to make

1082
00:56:23.960 --> 00:56:30.000
<v Speaker 2>things happen for like the right reason and and and

1083
00:56:30.000 --> 00:56:32.760
<v Speaker 2>and we shouldn't We shouldn't give into the cynicism of politics.

1084
00:56:32.800 --> 00:56:34.239
<v Speaker 3>I mean, we should be we should.

1085
00:56:33.960 --> 00:56:38.119
<v Speaker 2>Fight the cynicism and if we if we don't, if

1086
00:56:38.159 --> 00:56:41.840
<v Speaker 2>we do anything to encourage that, then we'll get the

1087
00:56:41.880 --> 00:56:43.119
<v Speaker 2>political system that we deserve.

1088
00:56:44.599 --> 00:56:54.159
<v Speaker 14>Okay, uh I think maybe Okay, Dan Simon with CNN Elon,

1089
00:56:54.280 --> 00:56:57.320
<v Speaker 14>given the runaway success and reviews of the Model Less,

1090
00:56:57.360 --> 00:56:59.159
<v Speaker 14>you have to believe that the other carmakers are going

1091
00:56:59.239 --> 00:56:59.920
<v Speaker 14>to be gunning for you.

1092
00:57:00.119 --> 00:57:02.719
<v Speaker 12>So I'm wondering how the company is going to keep

1093
00:57:02.719 --> 00:57:05.599
<v Speaker 12>its competitive edge because you know that success can be

1094
00:57:05.599 --> 00:57:09.599
<v Speaker 12>a fleeting moment. Also, when do you think that electric

1095
00:57:09.719 --> 00:57:13.119
<v Speaker 12>vehicles will overtake gasoline vehicles? And finally wondering if you

1096
00:57:13.119 --> 00:57:14.920
<v Speaker 12>have a message for the nation's oil companies.

1097
00:57:15.800 --> 00:57:20.880
<v Speaker 2>Sure well, I really hope that the large car companies

1098
00:57:21.400 --> 00:57:23.760
<v Speaker 2>make a considered effort to create electric vehicles.

1099
00:57:25.039 --> 00:57:29.400
<v Speaker 3>And ultimately, if Tesla makes competitive.

1100
00:57:28.880 --> 00:57:31.440
<v Speaker 2>Electric cars, then will deserve to be around. And if

1101
00:57:31.440 --> 00:57:33.559
<v Speaker 2>we don't, then we don't deserve to be around. I mean,

1102
00:57:35.159 --> 00:57:37.960
<v Speaker 2>you know, I'm optimistic that we'll be able to make

1103
00:57:38.000 --> 00:57:42.280
<v Speaker 2>good products and so far from being concerned about other

1104
00:57:42.360 --> 00:57:44.800
<v Speaker 2>car companies coming in, we're actually doing our best to

1105
00:57:44.960 --> 00:57:47.360
<v Speaker 2>convince them to make electric cars and in fact to

1106
00:57:47.400 --> 00:57:50.480
<v Speaker 2>make powertrains for them.

1107
00:57:49.920 --> 00:57:52.400
<v Speaker 3>You know, where they will allow us to do so.

1108
00:57:52.400 --> 00:57:54.079
<v Speaker 3>So I hope they.

1109
00:57:54.679 --> 00:57:56.400
<v Speaker 2>I hope they look at the success the model less

1110
00:57:56.559 --> 00:57:59.519
<v Speaker 2>and that encourages them to make a big move into

1111
00:57:59.559 --> 00:58:00.719
<v Speaker 2>electric cars.

1112
00:58:02.400 --> 00:58:06.639
<v Speaker 3>And all the oil companies. You know, the tricky thing is.

1113
00:58:08.599 --> 00:58:10.599
<v Speaker 2>The way the system is set up because we have

1114
00:58:11.199 --> 00:58:14.039
<v Speaker 2>an unpriced externality, We have the strategy of the commons

1115
00:58:14.039 --> 00:58:16.280
<v Speaker 2>problem with the c O two capacity of the oceans

1116
00:58:16.280 --> 00:58:17.039
<v Speaker 2>and atmosphere.

1117
00:58:17.480 --> 00:58:23.119
<v Speaker 3>The incentive structure is such that the the the the

1118
00:58:23.239 --> 00:58:24.440
<v Speaker 3>oil companies have.

1119
00:58:25.280 --> 00:58:27.480
<v Speaker 2>You know, it's hard to ask ask the CEO of

1120
00:58:27.519 --> 00:58:30.320
<v Speaker 2>an oil company to act against their best interests that

1121
00:58:30.440 --> 00:58:35.159
<v Speaker 2>that's the thing. In fact, if they do that, they

1122
00:58:35.239 --> 00:58:38.159
<v Speaker 2>might get fired by their by their shareholders. So the

1123
00:58:38.519 --> 00:58:40.519
<v Speaker 2>right thing for us to do is to change the

1124
00:58:40.599 --> 00:58:43.039
<v Speaker 2>rules of the game so that it incense the right behavior.

1125
00:58:44.000 --> 00:58:46.400
<v Speaker 2>And that's why I'm a big believer of a.

1126
00:58:46.360 --> 00:58:48.599
<v Speaker 3>Cobbon tax is the right way to go.

1127
00:58:49.320 --> 00:58:53.320
<v Speaker 2>And uh, we don't even have to necessarily change the

1128
00:58:53.360 --> 00:58:56.360
<v Speaker 2>amount of money that that that we collect from from

1129
00:58:56.679 --> 00:58:59.599
<v Speaker 2>from the tax space, but I do think it's it's

1130
00:58:59.599 --> 00:59:03.360
<v Speaker 2>sensible to disproportionately tax things that at.

1131
00:59:03.360 --> 00:59:05.039
<v Speaker 3>Least have a likelihood of being bad.

1132
00:59:05.480 --> 00:59:07.880
<v Speaker 2>So just as we on a personal level will tax

1133
00:59:08.320 --> 00:59:12.679
<v Speaker 2>to bacco and alcohol, it's back up particularly is bad

1134
00:59:12.719 --> 00:59:19.039
<v Speaker 2>and that's well established fact. We should disproportionately tax co

1135
00:59:19.320 --> 00:59:23.880
<v Speaker 2>two emissions and uh and then I think the right

1136
00:59:23.880 --> 00:59:24.679
<v Speaker 2>behavior will occur.

1137
00:59:24.920 --> 00:59:25.599
<v Speaker 3>So, I mean, I.

1138
00:59:28.480 --> 00:59:32.000
<v Speaker 2>Have a hard time condemning the oil and gas companies

1139
00:59:34.639 --> 00:59:40.480
<v Speaker 2>because the current system incensed them to do bad behavior.

1140
00:59:42.280 --> 00:59:42.800
<v Speaker 5>That tax.

1141
00:59:42.920 --> 00:59:45.840
<v Speaker 12>That tax gets passed along though to consumers and ultimately

1142
00:59:45.960 --> 00:59:47.400
<v Speaker 12>hurts the economy.

1143
00:59:48.039 --> 00:59:48.079
<v Speaker 3>No.

1144
00:59:48.760 --> 00:59:54.039
<v Speaker 2>See, if if the amount of revenue being generated is

1145
00:59:54.079 --> 00:59:58.199
<v Speaker 2>the same, it's it's not going to the You know

1146
00:59:58.239 --> 01:00:00.280
<v Speaker 2>that we need to collect a certain amount of money

1147
01:00:00.280 --> 01:00:03.880
<v Speaker 2>to pay for the federal government, and how we collect

1148
01:00:03.920 --> 01:00:07.079
<v Speaker 2>that is, you know, just you can correct collect that

1149
01:00:07.119 --> 01:00:09.480
<v Speaker 2>in a wide range of wide range of ways. But

1150
01:00:09.480 --> 01:00:12.079
<v Speaker 2>but effectively, what we're doing is we're saying a portion

1151
01:00:12.159 --> 01:00:16.400
<v Speaker 2>of somebody's labor has to go to federal government activities,

1152
01:00:17.679 --> 01:00:21.920
<v Speaker 2>and it doesn't you know, it's not going to negatively

1153
01:00:21.960 --> 01:00:26.400
<v Speaker 2>affect the economy. Really, how how we collect that money.

1154
01:00:26.599 --> 01:00:29.840
<v Speaker 2>You may think it has negative effect, but it really doesn't.

1155
01:00:29.880 --> 01:00:34.079
<v Speaker 2>It's it's the same it's a certain amount of money

1156
01:00:34.079 --> 01:00:37.239
<v Speaker 2>collected to pay for the federal government. It's like I said,

1157
01:00:37.239 --> 01:00:39.000
<v Speaker 2>we don't actually need to change the amount of money raised,

1158
01:00:39.000 --> 01:00:41.280
<v Speaker 2>but we need to wait it towards the things that

1159
01:00:41.320 --> 01:00:44.119
<v Speaker 2>are more likely to be bad than things are more

1160
01:00:44.159 --> 01:00:48.760
<v Speaker 2>likely to be good. I guess I mean we're I

1161
01:00:48.760 --> 01:00:50.760
<v Speaker 2>have an issue with oil and gas guys is when they,

1162
01:00:50.800 --> 01:00:57.679
<v Speaker 2>you know, sometimes engaged in the various tactics and all

1163
01:00:57.800 --> 01:01:00.719
<v Speaker 2>things that are sort of somewhat somewhere insidious, like like

1164
01:01:00.800 --> 01:01:04.199
<v Speaker 2>funding academic studies that people can then point to as

1165
01:01:04.199 --> 01:01:06.800
<v Speaker 2>though they have some credibility.

1166
01:01:07.920 --> 01:01:09.000
<v Speaker 3>And and and it's.

1167
01:01:08.840 --> 01:01:13.800
<v Speaker 2>Some prominent professor somewhere, but but that person is actually

1168
01:01:14.159 --> 01:01:16.599
<v Speaker 2>has been paid off by the by the oil industry

1169
01:01:16.679 --> 01:01:21.039
<v Speaker 2>to write that that study. It's so that kind of

1170
01:01:21.039 --> 01:01:24.599
<v Speaker 2>thing obviously should be condemned, condemned in the strongest words.

1171
01:01:24.639 --> 01:01:28.800
<v Speaker 2>And and I'd recommend people read a book called Merchants

1172
01:01:28.800 --> 01:01:32.440
<v Speaker 2>of Doubt that that actually spells it out in detail

1173
01:01:33.119 --> 01:01:37.320
<v Speaker 2>how some of these things are going on. Where I

1174
01:01:37.320 --> 01:01:41.119
<v Speaker 2>mean it's oil gas industry. Is all they need to

1175
01:01:41.239 --> 01:01:43.519
<v Speaker 2>is to create doubt, and that that's that's what they've done.

1176
01:01:43.559 --> 01:01:46.760
<v Speaker 2>In fact, they've actually employed a lot of people of

1177
01:01:47.320 --> 01:01:50.599
<v Speaker 2>individuals and firms that were employed by the tobacco industry,

1178
01:01:50.639 --> 01:01:51.599
<v Speaker 2>like literally.

1179
01:01:51.239 --> 01:01:54.239
<v Speaker 3>The same people. Like surprised that some of these people

1180
01:01:54.239 --> 01:01:54.760
<v Speaker 3>are still.

1181
01:01:54.559 --> 01:02:00.719
<v Speaker 2>Around because they're, like, you know, they're quite old. But

1182
01:02:01.599 --> 01:02:03.760
<v Speaker 2>in some cases, literally the same people have been employed

1183
01:02:03.760 --> 01:02:05.039
<v Speaker 2>by the oil and gas industry.

1184
01:02:05.920 --> 01:02:09.039
<v Speaker 1>Okay, get to this, Thanks, We only have a couple

1185
01:02:09.199 --> 01:02:10.239
<v Speaker 1>more questions.

1186
01:02:10.679 --> 01:02:14.239
<v Speaker 15>Hi, Jared from SCRIBB, Thank you so much for coming elon.

1187
01:02:15.360 --> 01:02:20.199
<v Speaker 15>My question is about SpaceX. So, even without a fully

1188
01:02:20.360 --> 01:02:23.559
<v Speaker 15>and rapidly reasonable rocket, you've still managed to reduce the

1189
01:02:23.599 --> 01:02:27.880
<v Speaker 15>cost to orbit by an order of magnitude or more,

1190
01:02:28.039 --> 01:02:35.000
<v Speaker 15>just with more incremental improvements. And so, firstly, at what

1191
01:02:35.079 --> 01:02:37.719
<v Speaker 15>point did you realize that such an opportunity existed in

1192
01:02:37.760 --> 01:02:42.519
<v Speaker 15>the space field? And secondly, are there other parallel opportunities

1193
01:02:42.519 --> 01:02:45.239
<v Speaker 15>in other areas that you wish somebody else would chase,

1194
01:02:45.280 --> 01:02:47.440
<v Speaker 15>even if you don't personally have time to do them all?

1195
01:02:48.280 --> 01:02:48.519
<v Speaker 3>Sure?

1196
01:02:50.039 --> 01:02:53.119
<v Speaker 2>So when I started SpaceX, it was actually I thought

1197
01:02:53.159 --> 01:02:56.679
<v Speaker 2>the most likely outcome was that we would fail. In fact,

1198
01:02:56.760 --> 01:03:01.320
<v Speaker 2>I thought that was really very likely that SpaceX would fail.

1199
01:03:03.280 --> 01:03:06.360
<v Speaker 2>So it wasn't really with the expectation of success that

1200
01:03:06.360 --> 01:03:07.079
<v Speaker 2>I started the company.

1201
01:03:07.119 --> 01:03:08.719
<v Speaker 3>Obviously, the.

1202
01:03:10.559 --> 01:03:12.960
<v Speaker 2>But what gave me a clue that we could make

1203
01:03:13.000 --> 01:03:17.079
<v Speaker 2>a significant breakthrough was looking at the cost of a rocket,

1204
01:03:17.119 --> 01:03:21.000
<v Speaker 2>and instead of looking at it with reference to what

1205
01:03:21.039 --> 01:03:23.639
<v Speaker 2>other rockets had cost in the past, I said.

1206
01:03:23.440 --> 01:03:25.440
<v Speaker 3>Okay, well, what is a rocket made of? What are

1207
01:03:25.440 --> 01:03:26.519
<v Speaker 3>the material constituents?

1208
01:03:27.199 --> 01:03:30.320
<v Speaker 2>What what metals you know, common cliber, what what are

1209
01:03:30.320 --> 01:03:32.079
<v Speaker 2>the beariest materials that coused you a rocket?

1210
01:03:32.760 --> 01:03:33.760
<v Speaker 3>And if you had a pile.

1211
01:03:33.599 --> 01:03:36.239
<v Speaker 2>Of those materials array before you and you could wave

1212
01:03:36.320 --> 01:03:38.800
<v Speaker 2>magic wand what would that rocket cost to build?

1213
01:03:39.599 --> 01:03:43.559
<v Speaker 3>And that is a remarkably small number, you.

1214
01:03:43.480 --> 01:03:46.960
<v Speaker 2>Know, was maybe a few percent or one or two

1215
01:03:46.960 --> 01:03:50.639
<v Speaker 2>percent of what rockets actually cost. So clearly people were

1216
01:03:50.679 --> 01:03:54.000
<v Speaker 2>doing something silly in how they were putting those materials together.

1217
01:03:55.480 --> 01:03:59.599
<v Speaker 2>And so just by eliminating those those sort of foolish things,

1218
01:03:59.599 --> 01:04:04.039
<v Speaker 2>were able to make a rocket for much less. And

1219
01:04:05.400 --> 01:04:10.159
<v Speaker 2>and then I wasn't It wasn't obviously that one could

1220
01:04:10.159 --> 01:04:13.199
<v Speaker 2>achieve full and rapid reusability.

1221
01:04:14.800 --> 01:04:16.960
<v Speaker 3>Because Earth's gravity is right on the cusp of where

1222
01:04:16.960 --> 01:04:18.280
<v Speaker 3>that's possible and not possible.

1223
01:04:18.320 --> 01:04:21.000
<v Speaker 2>And in order to achieve that, really everything has got

1224
01:04:21.000 --> 01:04:23.679
<v Speaker 2>to be done super super.

1225
01:04:23.360 --> 01:04:26.719
<v Speaker 3>Well, every aspect of the vehicle. So there's only maybe

1226
01:04:26.920 --> 01:04:27.880
<v Speaker 3>two or three years ago.

1227
01:04:28.239 --> 01:04:29.920
<v Speaker 2>For maybe three years ago that I thought it was

1228
01:04:29.960 --> 01:04:36.760
<v Speaker 2>actually achievable, and now I'm fairly certain it's achievable. But

1229
01:04:38.639 --> 01:04:40.360
<v Speaker 2>there's still a long way to go between here and there,

1230
01:04:40.440 --> 01:04:43.400
<v Speaker 2>and as mentioned before, we've not yet recovered a single

1231
01:04:43.480 --> 01:04:45.480
<v Speaker 2>rocket stage, so we have a long way to go.

1232
01:04:46.639 --> 01:04:48.719
<v Speaker 1>Okay, I think this has to be the last question.

1233
01:04:49.639 --> 01:04:52.559
<v Speaker 8>Yeah, hi, Elan greg Tar from Cross Spacific Capital up

1234
01:04:52.559 --> 01:04:54.760
<v Speaker 8>in Palo Alto, a question for you. I used to

1235
01:04:54.760 --> 01:04:59.360
<v Speaker 8>work for Toyota's US headquarters and when we in nineteen

1236
01:04:59.440 --> 01:05:02.519
<v Speaker 8>ninety scale up the Lexus dealership network, it was pretty tough,

1237
01:05:02.880 --> 01:05:04.519
<v Speaker 8>and I wanted to get an understanding of what kind

1238
01:05:04.519 --> 01:05:06.400
<v Speaker 8>of innovation you're going to bring in terms of.

1239
01:05:06.320 --> 01:05:07.199
<v Speaker 4>The service area.

1240
01:05:07.880 --> 01:05:10.880
<v Speaker 8>It generally takes three hundred dealerships to support about one

1241
01:05:10.960 --> 01:05:14.320
<v Speaker 8>hundred thousand units, and you're doing a tremendous job, which

1242
01:05:14.360 --> 01:05:17.480
<v Speaker 8>I admire, and I want to understand what your plans

1243
01:05:17.519 --> 01:05:20.000
<v Speaker 8>are because eventually the middle part of the country will

1244
01:05:20.039 --> 01:05:23.480
<v Speaker 8>begin to understand the revolution happening on the East and

1245
01:05:23.519 --> 01:05:24.119
<v Speaker 8>West coast.

1246
01:05:24.599 --> 01:05:25.199
<v Speaker 1>How will you.

1247
01:05:26.079 --> 01:05:28.239
<v Speaker 8>Make it happen in the dealership network and service?

1248
01:05:29.400 --> 01:05:29.760
<v Speaker 3>Yeah?

1249
01:05:29.800 --> 01:05:33.639
<v Speaker 2>Well, service in fact, for the last three or four

1250
01:05:33.639 --> 01:05:38.760
<v Speaker 2>months has been my main focus at Tesla, And it

1251
01:05:38.800 --> 01:05:41.719
<v Speaker 2>was three or four months ago it was our service

1252
01:05:41.920 --> 01:05:43.519
<v Speaker 2>was okay and.

1253
01:05:45.239 --> 01:05:46.960
<v Speaker 3>In some cases quite bad.

1254
01:05:46.800 --> 01:05:48.960
<v Speaker 5>In particularly and asked me about that, the weird service

1255
01:05:48.960 --> 01:05:49.679
<v Speaker 5>of Tesla, But.

1256
01:05:49.639 --> 01:05:53.239
<v Speaker 2>Go ahead, Yeah, I'd say we had some pretty nightmarriage

1257
01:05:53.239 --> 01:05:56.960
<v Speaker 2>service situations probably in the January of every time frame.

1258
01:05:57.159 --> 01:06:01.800
<v Speaker 2>Things have goten steadily better and and but like for example,

1259
01:06:01.920 --> 01:06:04.440
<v Speaker 2>La was a problem pretty huge for a really long

1260
01:06:04.480 --> 01:06:07.199
<v Speaker 2>time because we were supposed to have three service centers

1261
01:06:07.239 --> 01:06:09.119
<v Speaker 2>open and permits would laid on two of them, so

1262
01:06:09.159 --> 01:06:10.800
<v Speaker 2>we're operating at one third capacity.

1263
01:06:12.239 --> 01:06:13.239
<v Speaker 3>So as long as you're.

1264
01:06:13.199 --> 01:06:15.599
<v Speaker 2>Your modelis didn't break down, your awsome experience.

1265
01:06:16.159 --> 01:06:17.440
<v Speaker 3>If it broke down, it was brutal.

1266
01:06:18.639 --> 01:06:20.400
<v Speaker 2>So now we've got all three open, things are a

1267
01:06:20.440 --> 01:06:23.920
<v Speaker 2>lot better, but it is going to take enormus amount

1268
01:06:23.920 --> 01:06:26.920
<v Speaker 2>of work to scale service across the country and then

1269
01:06:26.960 --> 01:06:32.440
<v Speaker 2>internationally we start delivering in Europe in July. So yeah,

1270
01:06:32.440 --> 01:06:35.280
<v Speaker 2>I don't know if we've got any I've got any

1271
01:06:35.280 --> 01:06:37.599
<v Speaker 2>brilliant insights that you probably you probably know all the

1272
01:06:37.679 --> 01:06:41.559
<v Speaker 2>things that I would I would say, but you've got

1273
01:06:41.559 --> 01:06:44.880
<v Speaker 2>to have really good diagnostics tools and we do have

1274
01:06:44.880 --> 01:06:48.360
<v Speaker 2>the advantage in that the car has so much intelligence

1275
01:06:48.360 --> 01:06:51.519
<v Speaker 2>center you can do a lot of self diagnostics and

1276
01:06:51.920 --> 01:06:54.519
<v Speaker 2>we can query you know, what what parts need to

1277
01:06:54.559 --> 01:06:56.440
<v Speaker 2>be fixed on the car before it even comes in,

1278
01:06:57.599 --> 01:06:59.840
<v Speaker 2>so that so we can be more efficient in our service.

1279
01:07:01.719 --> 01:07:03.360
<v Speaker 3>And then something we're announced.

1280
01:07:03.039 --> 01:07:07.960
<v Speaker 2>Recently was that we're building this fleet and largely have

1281
01:07:08.000 --> 01:07:10.760
<v Speaker 2>built at this point this fleet of the service loaners

1282
01:07:11.079 --> 01:07:14.719
<v Speaker 2>so that when if your car breaks down, what we'll

1283
01:07:14.719 --> 01:07:17.280
<v Speaker 2>do is and we also have ballet service, so if

1284
01:07:17.320 --> 01:07:21.039
<v Speaker 2>your car breaks down or you need service, we will

1285
01:07:22.760 --> 01:07:25.320
<v Speaker 2>go to wherever your car is and replace it with

1286
01:07:26.679 --> 01:07:28.039
<v Speaker 2>one of our top of the line cars. So our

1287
01:07:28.039 --> 01:07:30.400
<v Speaker 2>service loners are not sort of the standard cars, they're

1288
01:07:30.400 --> 01:07:35.360
<v Speaker 2>actually the top of the line cars. And so we'll

1289
01:07:35.400 --> 01:07:37.800
<v Speaker 2>just ballet a service loaners to wherever you are, pick

1290
01:07:37.800 --> 01:07:40.000
<v Speaker 2>your car up, take it, get serviced, and then and

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01:07:40.039 --> 01:07:41.599
<v Speaker 2>then we will turn your car when it's done.

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01:07:41.639 --> 01:07:45.519
<v Speaker 3>So the experience should be really seamless.

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01:07:46.639 --> 01:07:52.519
<v Speaker 2>And you should really feel like like you should you've

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01:07:52.559 --> 01:07:54.480
<v Speaker 2>got to actually an even better car than the one

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01:07:54.719 --> 01:07:57.920
<v Speaker 2>that you had serviced for some period of time and

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01:07:57.960 --> 01:07:59.280
<v Speaker 2>it was no interruption to your life.

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01:07:59.280 --> 01:08:01.960
<v Speaker 3>I mean, that's the most important thing. Lexus did did

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01:08:01.960 --> 01:08:02.639
<v Speaker 3>this to some degree.

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01:08:02.639 --> 01:08:04.320
<v Speaker 2>I'm not sure if Lexister does the full valet thing

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01:08:04.400 --> 01:08:08.239
<v Speaker 2>or not, but certainly did the Service Learner program, which

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01:08:08.360 --> 01:08:09.679
<v Speaker 2>was done done really well, actually