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Elon Musk Weekly Roundup: SpaceX, Tesla, Twitter and AI · Elon Musk Podcast

0:05
Hi, and welcome back to the Elon Musk podcast where we explore
0:08
the fascinating world of technology and Innovation
0:11
brought to you by the man himself Elon Musk.
0:14
And in today's episode, we'll be delving into the Intriguing case
0:17
of Twitter and its pursuit of music licensing with musk.
0:21
At the helm with the social media giant finally, take the
0:24
plunge or will the costs involved, proved too steep for
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even the billionaire. Indoor to handle.
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As one of the last major players in the industry without music
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licensing deals in place, Twitter stands in stark contrast
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to its competitors Facebook, Instagram and Tick-Tock all of
0:43
which is secured agreements for music rights historically.
0:47
Twitter has been reluctant to enter the music licensing Arena.
0:51
Primarily due to the costs involved.
0:53
However, many believe that when must took over the company, the
0:57
much awaited deals would finally materialize.
1:00
Unfortunately, Asians have since stalled leaving, many wondering,
1:05
whether Twitter will ever be able to host commercially
1:08
available audio content without the fear of legal repercussions.
1:13
Now, in the fall of 2021, Twitter, embarked on
1:17
negotiations with the big three conglomerates Universal Sony and
1:22
Warner. And the excitement surrounding
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these talks was palpable as music industry leaders were
1:28
hopeful that musk's involvement could be the driving force.
1:32
Us behind securing the deals but now David Israelite.
1:36
The CEO of the National Music, Publishers Association, even
1:40
reached out to musk on Twitter, urging him to help broker the
1:44
agreements. And for the music companies, a
1:47
licensing deal with Twitter would not only provide an
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additional source of Revenue but also resolve long-standing
1:53
issues of copyright infringement on the platform.
1:57
However, the negotiations hit a snag with a takeover of Twitter
2:00
by musk who purchased the company for forty four billion
2:04
dollars in October, and as musk steam, assess the cost and
2:08
benefits of incorporating music into the platform, the talks
2:12
lost momentum, Now the internal turmoil at Twitter following
2:17
musk's takeover further, complicated matters, several
2:21
rounds of layoffs saw the departure of key individuals
2:23
involved in the music's rights. Negotiations leaving the labels
2:27
with few remaining contacts within the company.
2:30
And as musk's teams tightened, the financial reins of Twitter,
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they slash hundreds of millions of dollars in expenditures and
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implemented strict budgetary requirements.
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It became increasingly difficult to justify the tens of millions
2:45
of dollars required to secure music rights now.
2:49
Musk's personal lawyer Alex Spiro who has represented
2:53
notable artists like Jay-Z, Megan the stallion and others
2:57
played a role in the initial discussions and tasked with
3:00
overseeing Twitter's legal portfolio.
3:02
During the acquisition Spiro held meetings to understand the
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status of the label, negotiations and assess the cost
3:09
involved. However, he left the company.
3:12
December further, Getting the situation.
3:16
So where does this leave Twitter in its quest for music licensing
3:19
deals, it's difficult to say. And with the ongoing Financial
3:23
austerity measures at the company and the departure of Key
3:27
Personnel, the prospect of Twitter, striking an agreement
3:31
with major labels seems increasingly unlikely.
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And in the meantime, the social media giant remains one of the
3:38
last holdouts in an industry. That is largely embraced music
3:42
licensing, a position that becomes Is more tenuous As Time
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Goes By. Now, The Saga of Twitter and
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music licensing aspirations. It's a captivating tale of
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innovation ambition and the challenges that could come from
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this and Twitter's reluctance to secure music.
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Licensing deals has broader implications for the social
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media and music Industries. And as the platform continues to
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host unlicensed, audio content questions arise about the
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long-term sustainability, Ability of such a business model
4:16
and the potential for other platforms to follow suit.
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Moreover, the lack of Licensing, deals creates an environment
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where copyright infringement is prevalent, which may set a
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dangerous precedent for other platforms and content creators
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in the future. Now, the role of technology in
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music licensing is a broad one. And the case of Twitter
4:38
highlights, the critical role that technology plays in the
4:41
modern music landscape. And as social media platforms,
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continue to evolve and incorporate new features, the
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demand for seamless integration of music and audio content
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continues to grow. Now, this has led to the
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development of innovative systems and solutions such as
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artificial intelligence, driven music recognition and Licensing
5:04
services and systems which can potentially streamline the
5:08
process of acquiring music rights and reduce the costs
5:11
associated with securing licenses.
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And the challenges faced by Twitter in his pursuit of music,
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licensing deals offer valuable lessons for other Tech.
5:20
Entrepreneurs first a company's internal structure and
5:25
decision-making process. Can significantly impact its
5:29
ability to innovate and adapt to New Market demands.
5:33
Second understanding, the costs and the benefits of entering new
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markets such as music. Licensing is crucial for making
5:40
informed decisions. Finally striking a balance
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between Financial prudence and investment in growth
5:47
opportunities is essential for long-term success.
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Now, the Twitter music licensing Saga underscores, the complex
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relationship between art technology and business and is
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social media platforms, become increasingly intertwined, with
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the music industry, New Opportunities and challenges
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emerge for artists, tech companies and music labels.
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Navigating this landscape requires a delicate balance
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between respecting the rights of creators and Stir again
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environment where Innovation can Thrive and survive?
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Now as the story of Twitter and music licensing, Endeavors
6:23
continues to unfold as serves as a potent.
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Reminder of the dynamic nature of technology and the music
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industry and as musk steers the company into Uncharted
6:33
Territory. The future of music licensing on
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Twitter remains uncertain. However, one thing is for sure,
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the world will be watching and listening and in summary the
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tale of Sure. And it's music licensing.
6:45
Aspirations offers a fascinating glimpse into the world of
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innovation ambition and the challenges that accompany
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change. And as the social media platform
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grapples with the complexity music licensing, other industry
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players, entrepreneurs and content creators will
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undoubtably be observing and learning from these experiences.
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Now, Elon Musk is at the helm. Now, Twitter's journey into the
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music licensing. Era is just beginning, Ilan
7:12
said, he may want to bring back 6, second, social media, Vine
7:18
into the platform of Twitter, so if that's the case, people may
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use it, like Tick-Tock and license music for those videos
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and that may be a stepping stone to get music licensing.
7:30
On the Twitter platform in the future.
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Now, the outcome May shape the future of the music and social
7:36
media Industries as a whole. And they may serve as a valuable
7:40
case study for future companies and entrepreneurs.
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URS navigating the ever evolving digital landscape, but whatever.
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The result the world will undoubtedly be watching Twitter
7:52
in the near future to see what happens with the technology
7:56
platform and where it's headed now.
7:59
Thank you so much for listening to the show.
8:01
I do appreciate you. If you could take a second and
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check out our other channel, we have a space Channel, all about
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SpaceX called, space news pod over on YouTube.
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If you could go over there, check that out.
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Check out a couple videos. Leo's and hit the Subscribe
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button over there. I'd greatly appreciate it.
8:22
Before we continue with our episode, we'll be taking a quick
8:25
break, so stay tuned. And we'll be right back.
8:27
Now, attention, Elon Musk fans, get your exclusive, Elon
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Thanks for sticking with us during a break.
8:59
Now let's dive back into our discussion.
9:07
Welcome back to the Elon Musk podcast where we dive into the
9:11
latest news and Innovations from the world of musk's
9:14
groundbreaking Ventures will discuss the proposed 65 mile
9:19
tunnel Network that aims to connect key, destinations,
9:22
including casinos, retail zones and the University of Nevada
9:26
will also exploring the challenges and potential impact
9:29
of this revolutionary transport system on Sin City.
9:32
So sit back, relax and join us as we journey beneath the
9:37
streets of Vegas to uncover the details of Elon musk's vision
9:42
for a Citywide undergroud transport system.
9:46
Now the boring company is raising the stakes in Las Vegas
9:49
by proposing a substantial extension of its underground.
9:53
Transport system, aiming to construct, 65 miles of tunnels
9:57
beneath the city. The plans recently filed with
10:00
Vegas showcase, an extension network of tunnels, connecting
10:04
casinos, retail areas University of Nevada, Las this campus and
10:08
even residential neighborhoods for the first time and the
10:12
vicious transit system comprises 69 stations 65 miles of tunnels
10:18
with an unspecified number of Tesla vehicles providing
10:22
Transportation through the tunnels now with approved, a
10:25
loop system and a station would be situated within a few blocks
10:29
of almost any Central Las Vegas location.
10:32
The University of Nevada Stadium.
10:34
Harry Reid International Airport, would all It from
10:38
multiple stations although none would directly serve the
10:41
airport's Passenger Terminal now.
10:44
This proposal also includes a tunnel running parallel to the
10:47
strip with only a few stations potentially allowing for
10:50
high-speed Express routes between the city's North and
10:54
South areas a similar artery would connect East and West
10:57
Vegas and the project success depends on overcoming
11:01
significant financial and logistical challenges in the
11:04
future. It's going to transform the loop
11:07
from us. Small campus transport system to
11:10
a self-sustaining Citywide Transit Network.
11:14
Now this is going to be a 15-minute City, let me explain
11:18
that a little bit, tbc's latest Network map reveals an
11:22
impressive system. That would place a loop station
11:25
within a few blocks of almost anywhere in central Las Vegas.
11:29
The University of Nevada would be served by five stations with
11:33
the stadium home of the Raiders NFL.
11:35
Team would receive additional To the city's West.
11:39
Now he read airport would be surrounded by several stations.
11:42
Though none would directly serve the Passenger Terminal and a
11:46
proposed tunnel would run parallel to the strip with a few
11:50
stations. Potentially enabling a
11:51
high-speed express route between the city's North and South
11:54
areas, another artery would connect East and West Las Vegas
11:58
as well. Now, the first potential
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challenge is expanding the system from Clark County where
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the Las Vegas Convention Center the ovc and many Strip casinos
12:08
are located north to the city of Las Vegas.
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The city has its own regulations and permitting process, the TBC
12:15
must have navigate and there are indications that this process
12:19
might not be worth it. It might not be smooth either
12:22
and on March 8, a city, engineer rejected, tbc's initial
12:26
structure engineering review for the proposed.
12:29
Tunnels tbc's, total design would allow buildings to be
12:33
safely constructed above the tunnels but only up to six
12:36
stories. The engineer stated this was not
12:39
acceptable to the city, which has additional development plans
12:43
for the area. The engineer also noted that
12:46
tbc's designs mixed empirical and a sorry Imperial and metric
12:51
units, and reference design, standards and building codes
12:55
from other countries, building deeper or stronger, tunnels to
12:58
address. Las Vegas is concerns would
13:00
increase project costs overall They have to fund this, they
13:05
have to use money to do this and TBC faces, the challenge of
13:09
funding, the loop system. Without any public funds from
13:12
construction or operation. And this is a rarity in public
13:16
transportation as most systems in the United States and around
13:19
the world rely on some sort of public support.
13:22
Instead loop system will pay a small fraction of its passenger
13:26
revenues to the city and Clark County as ridership increases.
13:31
Now at EBC raised, 85 million dollars in a series C round last
13:36
year. So they have some funding.
13:40
Now we don't really know what the leadership of this Rideshare
13:46
system is going to be doing, but the ridership figures are also
13:50
unclear the ridership figures for the loop system have been
13:53
ambiguous at Best in a June Las Vegas, city councilwoman, Olivia
13:58
Diaz reported that the loop system at the Las Vegas
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Convention Center is In over 700 thousand Riders since it opened
14:06
a year earlier however data extracted by TechCrunch from
14:10
detailed. Ridership reports indicates that
14:12
the system had transported just under 500,000 passengers between
14:17
its opening and mid-july of 2022.
14:21
Now, last week the boring company announced that it had
14:24
transported, its one millionth passenger, the lvc would not
14:29
confirm that figure and TBC did not respond to a request for For
14:33
comment at this point now, only a small portion of those Riders
14:36
between the Resorts World, Casino and the lvc were cash
14:40
rides with passengers. Paying a one dollar and fifty
14:43
cent trip and the majority of rides and the ovc campus were
14:48
funded by payments. The ovc made to TBC which
14:51
included a fixed monthly payment and variable fees depending on
14:55
the number of vehicles TBC. Operated figures for 2021
14:59
obtained through a public record request show that the price.
15:03
Per passenger, trip at the convention center varied
15:06
considerably, depending on how busy l v CC was in November of
15:11
twenty Twenty-One during the popular Sima.
15:14
Car show, the average payment per passenger was only two
15:18
dollars and 67 cents in September acquired or month.
15:23
The average cost for a point. Eight mile trip was about
15:27
twenty-three dollars and 72 cents.
15:31
Now, when fully operational BBC says, the loop could serve up to
15:35
57 thousand passengers. An hour with sample, rate, fairs
15:40
and rates between $6 and $12 per trip.
15:43
However, the franchise agreements with Clark County and
15:45
the Las Vegas, give TBC, rain to set, whatever fares it decides.
15:52
Now, there's environmental concerns about this practice as
15:54
well. And TBC is now based on the
15:57
outskirts of Austin, where the company has built a factory to
16:00
develop new boring machines and constructing test.
16:03
Tunnels last year, requested permission to discharge up to
16:07
140 2,500 gallons of treated Wastewater directly into the
16:13
Colorado River. Local residents didn't like
16:16
that, they objected filing. Nearly 200.
16:19
Protests ahead of public meeting and one resident urged against
16:24
letting quote, a public resource, become a private
16:27
Dumping Ground, so that a global Elite can add to his profit
16:31
margin. TBC is reportedly already been
16:34
served notice of to Wastewater violations.
16:38
Now, whatever Technologies being developed at Austin.
16:41
Likely does not involve self-driving vehicles in the new
16:44
planning documents. Make no pain can mention of the
16:47
autonomous vehicles. The musk initially promoted for
16:50
the loop system. There the human drivers of the
16:53
loops Tesla Model X and Y, vehicles are critical to the
16:56
safety and evacuation plans that Clark County approved for the
17:00
initial lvc Loop. Mm and the responsibilities
17:03
include assisting passengers, along roadways into the egress
17:07
chefs in case of emergencies underground.
17:10
While this will inevitably increase cost 40 BC and may
17:14
reassure passengers concerned about ongoing investigations
17:17
into Tesla's autopilot Technologies, as well as giving
17:20
drivers time to inform writers about their leader Elon Musk.
17:25
Now there's some challenges but they can be overcome.
17:30
Now, to bring this proposed expansion to life TBC, needs to
17:34
address. Las Vegas is concerns about
17:37
Tunnel construction secure funding without public
17:40
assistance and navigate the city's regulations and
17:43
permitting process. The ambitious project seeks to
17:46
make Central Las Vegas 15 minutes.
17:49
City with Loop stations conveniently located near key
17:52
destinations in the city. Now despite the hurdles the
17:56
potential benefits of a Citywide Network are Huge and as the
18:01
company continues, to refine his technology and plans, the
18:04
expansion, could prove to be game changer for Vegas, and for
18:08
transportation infrastructure across the whole United States.
18:13
So, there's crucial questions that are not answered yet, and
18:16
Will T be C. Be able to secure the necessary
18:19
permits and approvals to do this.
18:21
And how will they fund? The project?
18:24
Will they be able to handle the predicted ridership numbers
18:27
while being safe and efficient? That's Yet to be seen, but
18:31
there's an ambitious timeline of completing construction by
18:33
February of 2024. So, about a year from now.
18:39
Now, I want to say thank you to everybody who's been joining up
18:41
on our patreon patreon.com stage zero.
18:44
Thank you so much for your continued.
18:46
Support help says keep growing this Channel and he keep growing
18:50
this podcast so I do appreciate you.
18:52
Also check out our space YouTube channel, youtube.com slash space
18:58
news pod if you're into To space SpaceX and all things, outer
19:03
space. And thank you so much.
19:05
Just for listening today. I'm happy that you're here.
19:08
So if you could, if you liked this episode, if you like more
19:10
Elon Musk news, please hit the Subscribe button.
19:18
Hi and welcome back to the Elon Musk podcast where we'll be
19:21
exploring the groundbreaking 48 volt.
19:24
Electrical architecture of the highly anticipated.
19:27
Tesla cyber truck. This revolutionary technology is
19:30
set to transform the automotive landscape offering improved
19:33
efficiency handling and production proficiency.
19:37
Join us as we discuss. How Tesla's unique approach, to
19:40
vertical integration, manufacturing, expertise and
19:44
organizational structure has allowed for a seamless
19:47
transition. Due to this pioneering.
19:49
Technology will also touch on the exclusive secret
19:53
accessories. Team, working behind the scenes
19:55
to create bespoke products for the 48 volt system.
20:01
Now, ever since its introduction in 2019, the Tesla cyber truck
20:06
has consistently drawn attention.
20:08
Within the automotive sphere, its distinctive cold-rolled
20:12
stainless steel exoskeleton in cutting-edge production
20:15
techniques have fueled ongoing Trust despite numerous
20:19
postponements for its release. Now fans of the vehicle are
20:23
constantly on the hunt for the newest updates in the recent
20:27
investor day presentations, have sustained a long rumored
20:31
Innovation, cyber trucks, 48 volt electric structure.
20:37
Now while the 48 volt structure and a systems have seen partial
20:41
implementation in mild hybrid vehicles, particularly for high
20:46
demand components. Cyber truck is making a
20:49
significant advancement by substituting the conventional
20:52
12-volt system. Now traditional 12 volt systems,
20:56
necessitate a larger heavier wiring and components to
21:00
accommodate High electrical demands, conversely, the 48 volt
21:04
system, manages High demands more efficiently, diminishing
21:08
the size and weight of wiring and ultimately enhancing vehicle
21:12
performance handling and production proficiency.
21:16
Now established car Makers have been hesitant to fully Embrace
21:20
48 volt technology primarily due to their dependence on
21:24
third-party suppliers, ume to find it challenging to quickly
21:28
adapt to new system. Voltage in a recent Auto line,
21:32
daily interview, Sandy Monroe, and emphasize that although
21:36
everyone has been discussing this for 30 years.
21:39
Tesla's, the first to bring it to Mark into fruition.
21:44
And Corey Steuben, president of Monroe and Associates.
21:47
Argues that manufacturers and suppliers will inevitably have
21:50
to transition to 48 volts either.
21:53
The customer will pay for the car.
21:54
Maker will accept the profit loss of not adopting 48 volts.
21:59
And as more automakers acknowledged, the advantages of
22:02
a 48 volt system will likely feel pressure to invest in the
22:07
required, technology and infrastructure to facilitate the
22:10
switch or else risk losing market, share.
22:13
And Also profitability Tesla's vertical integration
22:17
manufacturing prowess and organizational framework Heaven
22:20
down, the electric car maker with unparalleled flexibility to
22:24
design and fabricate their own highly integrated components
22:27
internally. This allows for a rapid shift to
22:30
the 48 volt system ranting Tesla, a unique advantage in the
22:34
marketplace and incorporating, the 48 volt system in the Cyber
22:38
truck yields multiple benefits, such as more efficient power
22:42
distribution, And management of higher, electrical demands with
22:46
smaller cables. Now, this leads to reduced
22:49
overall weight and increased efficiency gains, additionally,
22:53
Tesla's choice to employ. A 48 volt system offers a
22:56
noteworthy advantage in terms of accessories and additional
22:59
features for the Cyber truck. According to Matthew.
23:04
Donegan Ryan at ESL, a retail investor who conversed with
23:08
Tesla Executives at our recent investor day at the company's
23:11
Austin base said, Ursula has a secret accessories team
23:15
dedicated to creating products. Explicitly for the 48.
23:19
Volt architecture, like lighting winches and air compressors and
23:24
these products are engineered to seamlessly integrate with a
23:27
cyber truck systems, providing customers with extensive range
23:31
of high quality accessories, tailored to the vehicles
23:34
abilities. And with this strategy, Tesla
23:37
not only aspires to deliver a superior product to explain
23:41
until but also generates new Use sources and for defies, its
23:45
brand image as an innovator. And a design leader, cyber
23:50
truck, fans site, cyber truck owners club.com members have
23:53
eagerly speculated about this development.
23:56
Hoping the secret accessories team will take some of their
23:58
ideas into consideration, though.
24:00
The 48 volt system offers benefits in terms of efficiency
24:04
and weight reduction. It also induces new obstacles,
24:08
concerning complexity, and safety.
24:11
These challenges might Encompass the 84 novel safety features,
24:15
the guard against electrical shock and the hesitancy, and
24:18
reluctance of Legacy manufacturers to fully adopt 48
24:22
volt systems for Consumer accessible parts of the vehicle
24:26
are likely due to these potential challenges.
24:30
And the adoption of 48 volt, electrical infrastructure in the
24:32
Cyber truck. Symbolizes major advancement in
24:36
the automotive industry, aligning with Tesla's mission to
24:39
expedite, the global shift towards sustainable energy and
24:42
transportation, and the by developing and producing their
24:46
own components. Internally Tesla can smoothly
24:49
transition to this pioneering technology.
24:51
Securing a distinct Edge in the market.
24:54
The 48 volt, electrical infrastructure, introduces, new
24:58
challenges, and reducing complexity.
25:00
And enhancing safety. However, Tesla's implementation
25:03
of this technology in the Cyber Czech.
25:04
Significant significantly has Progressive and crucial motives
25:11
for the automotive sector and with her vertical integration,
25:15
their expertise Tesla's going to produce rapid iteration and
25:20
Rapid transformation. And transition to this 48 volt
25:24
system. Now they're going to reduce the
25:27
weight of the vehicles. They're going to increase the
25:29
efficiency. See of their vehicles and
25:31
eventually the 48 volt system will be in every single Tesla
25:36
vehicle in the future and the secret Associates team.
25:41
The dedicated to making these new products.
25:43
This approach, not only offers a superior product to customers,
25:48
but also generates brand new, Revenue sources, and reinforces
25:52
Tesla's, brand image as a leader in Innovation, and design.
25:57
So what we're asking the community here, What do you
26:00
think is going to be the first accessory for the Cyber truck?
26:04
Is it going to be a winch? Is it going to be an air
26:06
compressor? Is it going to be something
26:08
else? We aren't 100% sure right now
26:11
but what we do know is that those things are rumoured and
26:14
there's a possibility that we could get one on launch day on
26:17
the Tesla.com website and as traditional automaker is grapple
26:22
with adapting to these new techniques and 48 volt systems
26:28
this vertical integration. Ian from Tesla is seen is the
26:32
most important factor when they're manufacturing their
26:36
vehicles, the organizational structure is seamless and they
26:40
will continue to be a thought leader and a product developer.
26:46
That's not seen any place else for a very long time and they
26:50
continue to invest in the research and development and
26:54
their well-positioned to, but maintain the lead for a very
26:58
long time. In the EVC Space.
27:00
So they're going to be playing a pivotal role in the world shift
27:03
towards a sustainable energy future in the next 10 15, 20 50
27:09
years to come. Welcome back.
27:14
We're going to be discussing a recent report, suggesting that a
27:18
subsidiary of Saudi Arabia's investment fund and in Abu Dhabi
27:22
investment, firm are playing to participate in a multi-billion
27:26
dollar funding round for SpaceX Elon musk's private space
27:30
company. Now with SpaceX is valuation
27:33
potentially reaching 140 billion dollars, this would make it one
27:39
of the largest privately owned companies in the world by
27:41
valuation. Now, join us as we unpack the
27:44
applications of this investment and what it means for the future
27:47
of SpaceX and the private space industry.
27:50
As a whole, will take a closer look at the company's recent
27:52
achievements from the Milestones of the Falcon 9, Starship and
27:57
possible, Mars colonization in the future.
27:59
And we're going to talk about the growing interest in the
28:02
private space industry from the Middle East and the potential
28:06
ethical considerations of accepting investments from the
28:10
sources now, According to recent reports as subsidiary of Saudi
28:16
Arabia is investment funds deal and an Abu Dhabi investment
28:20
firm. Alpha, Dhabi are said to be
28:23
participating in a multi-billion dollar funding round for SpaceX
28:28
Elon musk's private space exploration company.
28:31
Now these reports come from sources familiar with the matter
28:35
so they can be trusted. Now upon completion of the
28:39
funding run SpaceX is valuation is expected to reach
28:42
approximately. Emily 140 billion dollars making
28:46
it one of the largest privately owned companies in the world.
28:50
Now the information cited two individuals reportedly familiar
28:54
with a situation and they stated that Saudi Arabia's water.
28:58
And electricity holding company in the United Arab.
29:02
Emirates Alpha, Dhabi are involved in the funding round.
29:05
Morgan. Stanley is said to be organizing
29:08
the investment effort on spacex's part.
29:11
Now, the reported investment by the Saudi Fund in SpaceX is
29:15
particularly intriguing due to the previous apparent conflict
29:19
between Elon Musk and the head of the public investment fund
29:23
during Tesla's funding secured, debacle, text messages between
29:27
Elon and Saudi pif. Head Yasir revealed the Tesla
29:31
CEO was unhappy with how the fund was managing its media
29:35
statements at the time. Now, as of this time, SpaceX
29:39
Saudi Arabia's public investment fund foot Dhabi have not issued
29:44
any responses to work inquiries for this transaction.
29:49
It SpaceX recently achieved. Several significant Milestones
29:54
on their own with more promising developments expected throughout
29:57
the year last month. Elon Musk announced that the
30:00
company's largest and most ambitious rocket today, the
30:04
world's most powerful rocket Starship Would attempt its
30:08
orbital launch soon and Starship has the potential to
30:11
revolutionize space flight. Do it to its size and its reuse
30:16
ability. And now, in late, February
30:18
SpaceX is reliable Workhorse. The Falcon 9 successfully
30:22
completed its 100th consecutive Landing.
30:25
Now, this achievement demonstrates, this SpaceX is
30:28
landing, reliability. Is now on par with the launch
30:32
reliability, some of the most Dependable rockets in the
30:35
industry. Now the Of competition among
30:38
other space companies further. Underscores spacex's leadership
30:42
position in the launch business. Now SpaceX is starlink satellite
30:47
internet, business is also expanding surpassing 1 million
30:52
active subscribers worldwide in late, December of 2022.
30:56
Now since then start leak has extended its service to other
30:59
countries. Like the resulting in a
31:01
significant increase in the number of subscribers.
31:05
Now, in addition to these achievements, Space says has
31:08
been making progress with its crew Dragon spacecraft, which
31:12
has successfully transported astronauts to the International
31:15
Space Station. The is multiple times and these
31:18
missions have marked the return of human spaceflight
31:20
capabilities to the United States at the retirement of the
31:24
space shuttle program in 2011. Now, as NASA Kennedy continues
31:29
to rely on SpaceX for crewed Missions to the ISS the
31:32
company's importance in the realm of human space.
31:34
Exploration continues to grow. Spacex's large, ambition, Mars
31:40
colonization. They have plans for this and
31:43
they'll also contribute to the company's appeal for investors.
31:46
Elon Musk has consistently expressed his vision of
31:49
establishing a human settlement on the red planet.
31:52
In space X is Starship rocket is expected to play a crucial role
31:56
in achieving that goal musk is even said an optimistic Target
32:00
for the first crude Mars mission somewhere in the mid 2020s for.
32:06
They're highlighting the companies.
32:07
Ambitious plans for space exploration.
32:10
Now that's soon to be figured out and that is if SpaceX is
32:14
Starship can get to orbit for the Artemis 3 mission will find
32:18
that out in a couple months if they actually get to orbit.
32:21
So this is a crucial role and SpaceX is Starship program.
32:27
Now, the potential influx of funds from Saudi Arabia and Abu
32:30
dhabi's investment firms would provide SpaceX with additional
32:34
resources, the potential of funds.
32:37
From Saudi Arabia and Abu dhabi's investment firms could
32:41
provide SpaceX with additional resources to pursue its
32:44
ambitious projects in the participation of these
32:47
Investments. It also signify growing interest
32:50
in the private space industry from the Middle East.
32:53
However, the involvement of the Saudi Fund in Space X is funding
32:56
round. Might also raised concerns as
32:59
Saudi Arabia has been criticized for its human rights records and
33:02
its role in the ongoing in Yemen.
33:05
Now this could lead to questions about the ethical cool
33:07
implications of accepting investments from such sources.
33:12
Now while the investments from baddiel and Alpha Dhabi have
33:16
been not quite confirmed yet the possibility of a multi-billion
33:20
dollar funding round for SpaceX suggest, the company's growth
33:24
and achievements are garnering increased attention from
33:27
investors worldwide and as SpaceX continues to push the
33:31
boundaries of space, exploration and Tech the company's valuation
33:35
and influence in the industry are expected.
33:37
To keep soaring. In there maybe and then maybe
33:42
some evidence that they're going to do this cash infusion for the
33:45
Starship program. If you're not familiar, the
33:47
SpaceX Starship which is currently under development in
33:51
spacex's Starbase Boca Chica Texas.
33:54
It completely reusable. Super heavy, lift launch
33:57
vehicle, that aims to revolutionize space travel.
34:01
It's about 390 feet. Tall it is designed to be the
34:05
tallest and most powerful launch vehicle in history.
34:08
And it Boasts a unique capability of being, totally
34:12
reusable the top and the bottom, every piece of it is reusable
34:16
and comprising, the first stage booster, and the Starship second
34:20
stage of the launch vehicle is Engineers for versatility.
34:24
The second stage doubles, as an independent spacecraft capable
34:28
of carrying crew, or care. Go.
34:30
Once in orbit and both stages relying on a Raptor engines,
34:34
fueled by liquid oxygen and liquid methane propellants and
34:37
the utilize Extremely efficient, full flow stage combustion,
34:41
power cycle. Now, to maximize reusability,
34:45
both rocket stages are designed to land vertically at the launch
34:48
pad and Starships fully reusable configuration.
34:51
Boasts a payload capability of 30 or three hundred, and thirty
34:56
thousand pounds, to low earth, orbit, plus more.
34:59
If you're going outside of orbit, now with multiple flights
35:03
and vision to distribute the spacecraft's cost, it's going to
35:07
go way down in the cost per kilogram for a space flight.
35:12
The spacecraft is also designed for orbital refueling before
35:16
embarking on missions. Requiring a higher Delta v such
35:19
as trips to the moon and to the red planet of Mars.
35:22
Now potential applications for Starship include crude and cargo
35:27
missions in the construct. Starlink internet constellations
35:32
possibly with the future of Starship.
35:34
The possibility, this money that's coming into space.
35:37
X is Quickly placed to go toward spacex's Starship to build out
35:43
the star league internet constellation in IPO the
35:47
internet constellation and therefore get a return on the
35:50
money that they infest, they could get tens.
35:53
Maybe hundreds of billions of dollars over the lifetime of
35:56
their investment. Now, just recently Tesla is
36:01
making headlines as it has received another of the world's
36:05
largest casting presses at gigafactory.
36:09
Jesus with both machines expected to play a pivotal role
36:12
in cyber truck production last year, edra Tesla's, large
36:17
casting, press manufacturer unveiled.
36:20
A new nine thousand ton Giga press, which now holds the world
36:25
title as the largest now given Tesla's close relationship with
36:29
addres. It was widely speculated that
36:32
this new machine would be destined for the electric
36:35
vehicle Pioneer now, Tesla CEO Elon Musk As since confirmed
36:40
that the Giga press will indeed be utilized for the production
36:44
of the Cyber Truck Body and gigafactory in Texas.
36:48
This development comes after the company's successful,
36:51
integration of large casting technology into the model, y
36:55
production process, prompting other automakers to explore
36:59
similar Technologies. Now, Tesla's investment in,
37:03
larger cast parts has proven to be a game changer, for the
37:06
automaker for the model. Why?
37:09
Tesla employed a single rear body piece to replace 70
37:12
distinct components in the vehicle.
37:15
Additionally the company adopted the same approach for the front
37:18
underbody this Innovation move has Amplified and simplified the
37:23
manufacturing process and reduced costs around the board.
37:28
Tesla's successful implementation of large casting
37:31
technology, has captured the attention of numerous other
37:35
automakers as well. Now, according to Indra at
37:38
least, Four dozen companies are currently in discussions to
37:42
adopt that technology. However integrating this
37:46
technology into vehicle programs may take years for these
37:50
manufacturers and they'll be playing catch up to Tesla who
37:54
has been doing this already. Now test the continues to push
37:59
the boundaries of large casting tech.
38:02
Companies. Gearing up to integrate this
38:03
Innovation into the Cyber truck which is set to feature even
38:07
larger single casting Parts. When January test the receive
38:11
the first massive, nine thousand ton casting press, the largest
38:15
of its kind in the world and since then, it has been hinting
38:19
at the shipment of another nine ton press with Tesla.
38:22
Once again, rumored to be the recipient.
38:25
Now, recent come from, Nation is verified.
38:28
That the new press is indeed headed for Tesla and it's
38:31
arrived in Texas and cyber Truck forum user.
38:35
Greg truck, discovered, a bill of lading that confirms Tesla as
38:40
the client in the Press has arrival at the part in Houston.
38:44
Now, the second Giga press is destined for installation and
38:48
Giga press gigafactory, Texas and Austin with both of the
38:52
world's largest casting presses in this possession Tesla's.
38:56
Well, To revolutionize its cyber truck technology and production
39:01
and move it along fast. The automaker also operates
39:06
several six thousand ton Giga, press units for model, y
39:09
production, at the same facility.
39:12
Now Tesla plans to initiate cyberduck cyber truck
39:16
production. This summer with volume
39:18
production slated for 2024 however it remains uncertain,
39:23
whether both nine thousand ton Giga, press units, Will be
39:27
required for the commencement of production or if the second use
39:30
it is intended to facilitate higher production volumes in the
39:34
future. That was test.
39:36
The takes delivery of another record-breaking.
39:39
Nine thousand ton Giga. Press it reinforces the
39:42
company's commitment to large, casting technology, and its
39:45
potential to transform vehicle manufacturing with two of the
39:49
world's largest casting presses. Tesla's poised to bring us
39:53
revolutionary, cyber truck to Market further solidify.
39:56
Eyeing, the company's position as a leader.
39:58
In electric vehicle Innovation as other.
40:01
Automakers follow suit, the adoption of large.
40:04
Casting Tech will likely continue to shape the future of
40:08
the Auto industry in the future. Continuing from our discussion
40:12
on Tesla cyber truck production. Let's now turn our attention to
40:16
the latest developments in the used vehicle Market.
40:19
Specifically concerning the Tesla Model 3 emerging data
40:23
reveals that the model 3 is leading the ongoing decline in
40:27
used vehicle prices particularly within the used.
40:30
EV segment. The used car market is
40:33
experienced dramatic changes over the past 12 months, at one
40:37
point vehicle prices, soared, mainly due to the limited
40:40
production of New vehicles. However as new vehicle
40:43
inventories for many leading brands have now substantially
40:46
recovered, the used Market has begun to react causing a
40:50
collapse in prices and according to pricing data released by
40:54
iseecars. The Tesla Model 3 is been on the
40:57
Forefront of this price collapse over the past six months.
41:02
I see cars discovered that use vehicles have seen their prices
41:05
shrink by 4.7 percent over the past six months and Two by eight
41:11
point seven percent over the past 12 months leading.
41:15
This trend is the Tesla Model 3, which is experienced in everage
41:19
used price. Drop of 21.5 percent over the
41:23
past six months, the fastest of any model for any automaker in
41:27
the industry and over the past 12 months, the model 3 ranked,
41:31
as the fourth most rapidly, the prick depreciating vehicle with
41:35
prices declining by 19.3%. Interestingly, the average used
41:41
I do three sold for forty. One thousand three hundred and
41:43
thirty seven dollars in February and despite the Swift price drop
41:48
this figure remains higher than the cost of a new base model
41:51
model 3. Now in comparison the
41:54
entry-level Tesla was one of the four vehicles.
41:57
This other prices dropped by more than 13% joining the ranks
42:01
of the Nissen Armada Infiniti QX80 in the Land Rover Discovery
42:07
not all vehicle segments. Experienced an equal decline of
42:11
This is in fact some of continued to appreciate.
42:14
Even as new inventory has returned.
42:17
The Mercedes S-Class was the fastest appreciating model over
42:21
the past six months with its average use price increase by
42:25
11.8% and the Mercedes GL es and Porsche 911 follow closely
42:31
growing by 11.2% and 10.9 percent respectively overall
42:38
vehicles from premium German. Acres where the most likely to
42:42
see prices rise over the past six months.
42:46
Now, in contrast, the used vehicle segment has follow.
42:49
The Tesla Model 3 is lead with prices Contracting by 13.9%,
42:55
since September the average used EV now sells for forty, six
42:59
thousand three hundred and fifty-three dollars.
43:01
U.s. prompting many to expect prices to continue following,
43:05
especially given that this figure is significantly higher
43:08
than the listing price of a new This model 3.
43:13
Now the implications of these trends for Tesla, the leading
43:16
American EV Brandt run clear on one hand rapidly.
43:20
Decreasing prices mean that more people can afford a Tesla even
43:24
if it's used it. On the other hand, some buyers
43:27
might be deterred from purchasing a new Tesla Model 3,
43:31
due to the rapid depreciation. They now face.
43:35
Now one thing certain the overall decline in new EV prices
43:38
has led to use, DVDs becoming More affordable by the day.
43:42
It seems increasingly likely that a used model 3 could become
43:46
a dominant Force. Within the used car market.
43:49
In the meantime, we can only hope that this trend continues
43:52
to incentivize car buyers to consider R Electric options with
43:56
renewed interest. And the model 3 is playing a
43:59
pivotal role in driving down prices in the used, EV Market
44:03
making electric vehicles, more accessible to a broader
44:07
audience, this development, it could help establish the model
44:10
3, Three as a significant player in the used-car world.
44:15
Thank you for tuning in to the Elon Musk podcast brought to you
44:18
by stage. 0 Productions and hosted by me will Walden.
44:22
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44:24
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44:27
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44:30
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44:34
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