Latest / Elon Musk Podcast / Elon Musk Weekly Roundup: The Latest Updates on SpaceX, Tesla, and Twitter

Transcript

Elon Musk Weekly Roundup: The Latest Updates on SpaceX, Tesla, and Twitter · Elon Musk Podcast

0:00
Welcome back to the Elon Musk podcast your weekly source for
0:03
updates on SpaceX. Tesla and Twitter.
0:06
Today's episode is a special one will be recapping all the
0:08
episodes from this week and from the latest news in space,
0:11
exploration to The Cutting Edge developments and V's, we've got
0:15
you covered. So sit back, relax and let us
0:18
take you on a journey through the fascinating world of Elon
0:21
Musk. Now, let's Dive In.
0:26
Elon Musk and Bernard arnault have been battling it out for
0:29
the top spot over the past year with their fortunes, fluctuating
0:34
wildly based on various factors and in late 2021 Forbes named
0:39
musk the richest person in history with a fortune nearing
0:43
300 billion dollars. However since then his wealth
0:47
has fallen drastically due to a variety of issues, including his
0:51
Twitter, acquisition and slow down in Tesla sales.
0:55
Now despite these setbacks It backs must remain the world's
0:58
richest person until recently when he was overtaken by our
1:01
know, the founder of luxury goods conglomerate lvmh,
1:05
according to Bloomberg billionaires index.
1:07
Our nose wealth is currently estimated at 186 billion dollars
1:13
while musk's net worth is slipped to 184 billion, however,
1:17
Forbes, well track her estimates that are knows.
1:20
Net worth is actually 205 billion with musk's net worth at
1:24
194 bill. The discrepancy between these
1:27
two rankings is due to the different methodologies, they
1:30
use to calculate their wealth. Now, what caused musk?
1:34
Two losses top spot in the rankings.
1:36
According to Fortune, musk's, net worth was boosted by a major
1:40
rally in Tesla shares, which propelled his wealth upwards.
1:43
However, this company Reese 2023 investor day left, a lot of
1:48
people disappointed causing shares to Tumble more than five
1:52
percent in a single day in the drop in value caused Ilan.
1:56
To lose over one point. Nine billion dollars dropped him
1:59
into second place behind our know.
2:02
Now in contrast, our nose wealth went up by around two billion
2:06
dollars after a 1.6 billion dollar share buyback sent lvmh
2:11
stock ticking upward in cementing its status as Europe's
2:14
Most Valuable firm. However the stock was trading
2:18
around 1% lower during European trading hours on Thursday
2:23
indicating that the battle for the top spot is far from over.
2:26
Now, it's worth noting that the gap between these two
2:29
billionaires wealth, incredibly tight, and changeable, it goes
2:32
up and down. They have switched places in the
2:34
ranking of the world's wealthiest person numerous times
2:38
in the past year and it's likely that they'll continue to do so
2:42
in the future. Now, while the competition
2:44
between Muskan are no, may seem like a simple rivalry between
2:49
two billionaires. It actually has significant
2:51
implications for the global economy.
2:54
Musk's wealth is tied up in Tesla.
2:56
Yeah which is currently the world's most valuable car maker
3:00
the success or failure of Tesla can have a ripple effect on the
3:04
entire automotive industry and therefore the economy as a whole
3:09
similarly our nose lvmh is a major player in the luxury goods
3:13
Market which is the key indicator of global economic
3:17
health. So what does the future hold for
3:20
these two billionaires and it's only time that's going to answer
3:24
that question. However, Clear that their
3:27
fortunes are closely tied to the success of the respective
3:30
companies as Tesla lvmh continue to navigate an ever-changing
3:34
economic landscape. It's likely that Muskan are no
3:38
will remain at the Forefront of the two, richest people.
3:43
Now speaking of Tesla, their shares fell about 7%.
3:49
Last Thursday, March 2nd after CEO, Elon Musk and his team
3:53
presented a Tesla's investor day.
3:55
The The day before now left investors disappointed by the
3:59
lack of detail on new products and an affordable electric car
4:04
musk and more than a dozen Executives.
4:06
Presented plans to cut assembly costs in half.
4:09
Discuss the company's Innovation and managing operations and
4:13
announced a new plant in Mexico. However investors were hoping
4:17
for more information on Tesla's timeline for the concepts
4:21
presented and any new Tesla products.
4:25
Now, founder of Merlin investor said the biggest surprise coming
4:30
out of Tesla investor day is that there weren't surprises and
4:35
the lack of an announcement on a more affordable electric car
4:38
which everybody's been waiting for a very long time was
4:41
especially disappointing for investors Tesla stock red rose
4:46
sixty percent so far this year but it fell after the present
4:49
age, a bell investment director. Rest mold said the markets were
4:53
primed for a big announcement. Something like a more affordable
4:57
new model. It may just have been a case of
5:00
failing to live up to the hype. People have been waiting for
5:04
about a 25 thousand dollar Tesla vehicle for years.
5:09
It's more affordable, some people can't afford the base
5:13
model 40,000 dollar model 3, they need the lower end model
5:18
the 25,000 dollar twenty thousand dollar model in order
5:21
to afford a Tesla. Now, musk's stureplan was more
5:27
of a message of Hope for wide spray.
5:29
It spread electrification than a road map for Tesla with
5:33
vehicles. And most people said that it was
5:36
somewhat disjointed and fairly technical.
5:39
It was very technically intense. I could say from listening to it
5:43
and Tesla's event is created, a stir on the internet, in the
5:46
past, with musk's dance moves at the opening of the company's
5:49
Berlin plant in 2022 and a China event 2020 going viral on social
5:54
media. But this time There was a
5:56
convict citement during the show and these things are shows,
6:01
they're produced in a high-volume and they have a lot
6:04
of money behind them. So there isn't as much
6:07
excitement. It was more technical than
6:09
things for a broader outlook for Tesla.
6:12
Now Tesla plans to use 75% less silicon carbide in its Vehicles
6:17
without compromising performance or efficiency in the future and
6:20
they also wait ON Semiconductor makers and suppliers STM.
6:25
Electronics and wolf speed ink in the reduction.
6:28
Plan is bad news for the whole silicon carbide, production
6:32
chain, and in particular for St. Micro now, those things are
6:38
important for the future, but didn't get investors invested.
6:43
Now, despite the disappointment from these investors Tesla's
6:46
plans to cut assembly cost in invest in a new plant in Mexico.
6:50
Are promising signs for the future of the company.
6:52
Before we continue with our episode.
6:54
We'll be taking A quick break. Stay tuned.
6:57
We'll be right back. Thanks for sticking with us
7:00
during our break. Let's dive right back into the
7:03
discussion. The automaker has faced numerous
7:06
challenges over the past year including supply chain issues
7:09
and a shortage of semiconductors Tesla success is crucial to the
7:14
electric vehicle industry as a whole and musk's vision of a
7:16
sustainable future. Relies on widespread adoption of
7:20
electric vehicles and Tesla's Innovations, have pushed that
7:24
industry forward. However, the pressure on Tesla
7:27
to continue innovating and Delivering on its promise is
7:30
super high. And as more automakers enter the
7:34
electric vehicle Market, Tesla will need to stay ahead of the
7:37
competition and continue to push the boundaries of what's
7:40
possible investors will be watching closely as Tesla moves
7:44
forward with its plan to cut costs and expand its operations
7:48
in the electric vehicle industry is still in its early stages and
7:51
there's plenty of room for growth and Innovation Tesla's
7:55
disappointing. Investor day may have caused a
7:57
temporary setback. But the company's ambitious
8:00
plans for the future and its track record of innovation.
8:04
Make it a key player in the EV industry for the future and is
8:08
musk is shown, from time and time again.
8:10
Anything is possible with enough vision and determination.
8:18
The Federal Trade Commission has asked Twitter to turn over
8:21
internal Communications related to musk and detailed information
8:25
about the layoffs. Amid concerns.
8:27
The staff reductions could compromise.
8:29
As the company's ability to protect users, the FTC inquiry
8:33
centers around the ability of the company to comply with a 150
8:37
million dollar settlement related to alleged privacy
8:40
violations. So what does the future hold for
8:43
Twitter? And its users will musk's
8:46
leadership style and cost-cutting measures.
8:48
Help turn the company around or will the ongoing controversy
8:51
surrounding the platform continue to drive users away?
8:57
Now, Elon Musk the CEO of Twitter, Tesla and SpaceX head
9:02
called on advertisers recently to use Twitter directly into
9:06
believe what they see on the platform rather than relying on
9:10
traditional media sources and he spoke at a Morgan Stanley media.
9:13
Conference must claim, that journalists have been trained,
9:17
never to write a positive story and he also expressed gratitude
9:21
to long-term Partners Disney and Apple for continuing to
9:24
advertise on Twitter. Concerns over hate speech.
9:28
According to musk, advertisers have the ability to adjust the
9:32
Rance to suit the content. You're comfortable being
9:34
associated with just as they do on television, he cited, Warner,
9:38
Brothers, discoveries campaign for HBO's The White Lotus as an
9:43
example of successful. Keyword advertising saying, you
9:46
don't need Advanced AI for this one.
9:49
Now must acknowledge that monetizing Twitter's large and
9:52
Global user base remains a significant challenge but said
9:55
that usage in a agent of the platform have never been
9:58
stronger. He also claimed that the
10:00
company's former regime had left significant Revenue potential
10:04
untapped and that the Deep rounds of layoffs and
10:07
restructuring. He has been implemented.
10:09
Have helped to cut the non-interest burn rate to around
10:13
1.5 billion dollars. He expressed optimism that
10:17
Twitter could be cash flow positive next quarter, depending
10:20
on the ad market and musk reiterated that he purchased
10:24
Twitter for the sake of free speech.
10:26
And the future of our civilization, adding that the
10:29
old Twitter had a huge thumb on the scale in favor of the left
10:33
which was not conducive to healthy National dialogue.
10:37
He did not mention that he had tried to back out of the deal
10:40
shortly after making it though. And meanwhile, The Wall Street
10:43
Journal is reported that the FTC has asked Twitter to turn over
10:47
internal Communications related to musk as well as detailed
10:51
information about the recent layoffs amid concerns that
10:54
staff. Reductions could Oprah, mais,
10:57
the company's ability to protect users.
11:00
The inquiry centers around. Twitter's ability to comply with
11:02
a 150 million dollar settlement related to alleged privacy
11:08
violations. Now Twitter is exchanged between
11:11
musk's and Thor. Laughs.
11:13
Mmm, I was talking about earlier, went really viral on
11:16
the platform it engage more than 11 million people and your
11:20
widespread attention to the turmoil that's going on at
11:23
Twitter. Now the social media platform
11:26
has been Juggling to retain its position as a major player in
11:29
the industry. And they faced increasing
11:31
competition from other platforms, such as Facebook,
11:35
Instagram, and Tick, Tock, and in recent years, Twitter has
11:39
been in a decline in user growth and revenue as well as a series
11:43
of high-profile controversies relating to misinformation hate
11:47
speech and harassment on its platform.
11:50
The Masks were should acquisition of Twitter.
11:53
And 2022 was seen by many as a bold move, that could
11:56
potentially reinvigorate the platform and bring it back to
11:59
the Limelight. However, his controversial
12:02
leadership style and penchant for cost cutting, measures have
12:06
also raised concerns among some other companies in The Observers
12:10
and some employees as well. And despite the challenges
12:13
facing Twitter thoroughly of sin remains optimistic about the
12:16
company's future noting that he joined the platform because he
12:20
believed in what it was building.
12:23
He also expressed his gratitude for the support.
12:25
He received from the Twitter Community during his recent
12:28
ordeal saying that it was heartening to see so many people
12:31
come together to help him in his time of need.
12:35
Now, the Twitter exchange between musket or love, sin is
12:38
just the latest example of the unpredictable, and often surreal
12:42
world of social media, and I was platforms, such as Twitter
12:45
continue to evolve and shape our online interactions.
12:49
It remains to be seen with Future holds for these digital
12:52
spaces. Are the people that interact
12:55
with them SpaceX will be possibly conducting a static
12:59
fire test of its booster 7 rocket booster coming up on
13:05
March, 10th, 2023. And there's little bit of
13:08
evidence for this because there's a not much scheduled for
13:12
that time frame. Now, I'm not Mar, is a notice to
13:15
Mariners to people with boats, and two, people also with the
13:19
fly planes and also People that are just regular people, it's
13:22
basically a no-fly, no boat, no walk Zone, get out of there and
13:26
let SpaceX do their business. Let them test their booster at
13:30
Boca Chica Starbase Texas. Now, we don't know exactly what
13:35
this test is for. It's a not Mars, so it's an
13:38
overpressure notice. Also, there's a possibility that
13:41
there could be some fire involved and this possibility
13:44
that there could be something that blows up so SpaceX Sent
13:48
this not Mar to the Coast Guard. It's a please post this because
13:52
we want to be sure that nobody gets injured while we do our
13:54
testing. Now it could be that.
13:57
The FAA says saw the last static fire from SpaceX, the 31 engine,
14:03
static fire and maybe something happened with those engines as
14:08
SpaceX had to replace them and they did they replace those two
14:11
engines because let me back up a little bit because SpaceX on the
14:15
booster seven, there's 33 Raptor two engines, In the last static
14:19
fire, they did there were only 31 that worked.
14:22
Two of them were shut off before the static fire test.
14:25
So SpaceX replace those engines and there's a possibility that
14:29
the F saw that or even internally with SpaceX.
14:33
They saw that and they thought it would be a better idea if we
14:36
did this, right? And made sure that all 33
14:40
wrapped or two engines would fire at the same time and that
14:43
the rocket and the booster would be safer.
14:46
If we made sure that all of All of these rocket engines, worked
14:50
its possibility that they will be doing a booster firing.
14:53
Now there's also booster 7, we have ship 24 down there to ship,
14:59
24 ship 26, there are a few Starships now, the Starship is
15:03
the 150-foot tall ship. That's the second stage of this
15:08
giant rocket. The rocket itself is 400 feet
15:10
tall all together around that size.
15:13
It's the largest rocket in the world is the most powerful
15:15
rocket that will ever fly. Once it does fly.
15:18
I just recently Elon Musk said that, he expects the first
15:23
attempt to be about 50 percent successful, probably going to
15:27
detonate over the Gulf of Mexico.
15:31
And also he said there's probably an 80% percent chance.
15:35
The SpaceX launches the Starship to orbit by the Year's End.
15:40
So if that's the case, Elon Musk Gwynne, Shotwell everybody
15:47
SpaceX. They need To make 100 flights of
15:49
the Starship before they can put people in it.
15:53
And SpaceX is Starship agreement with or Star.
15:57
Peace agreement with Texas. Only allows them up to, I
16:01
believe six flights per year from Starbase.
16:05
So if they want to do 100 flights 200 flights before they
16:10
put people in this thing, they're going to have to go fast
16:13
for the next few years. Now SpaceX has just made it past
16:19
the hunt 100 successful launch and landings of the Falcon 9
16:23
rocket and that's been in development.
16:25
It has flown for about 10 years now.
16:28
SpaceX also knows how to build Rockets.
16:30
Now, the Falcon 9 was a work in progress and they built from the
16:34
ground up. It's a brand new rocket with
16:36
brand-new parsley, built in-house same thing with the
16:39
Starship, but they use the fundamentals and the knowledge
16:42
they gained from building the Falcon 9.
16:45
To build the Starship. So there's a possibility.
16:49
I really hope this works out for SpaceX because there's a huge
16:52
possibility that they could actually pull this off.
16:56
This will be one of the most challenging things to ever
17:00
happen as far as human engineering goes.
17:03
Elon Musk has said numerous times, that SpaceX is solving a
17:07
problem. That's almost impossible to
17:09
solve getting a fully reusable rocket to orbit.
17:15
It's almost impossible and leaving the Earth's gravity.
17:18
Well, getting it out into space and having it land back on Earth
17:25
is almost impossible. So if they can pull this off,
17:28
this will be one of the, if not, the most impressive engineering
17:32
feat of all Humanity ever. So let that sink in for a
17:36
second. Elon Musk is doing that with his
17:38
team down to Starbase Texas. Now, what's going to happen?
17:42
I believe is that Starbase is going to Eventually just do a
17:47
few flights of test Vehicles test articles throughout the
17:50
year, new designs, new engine tweaks, body tweaks, things like
17:54
that. Well, do five, six.
17:56
Ten of those per year but they'll be doing the majority of
17:59
the flights from their new star base at Kennedy Space Center in
18:03
Florida. So I think the majority of those
18:07
hundred flights are going to be coming from Florida and if
18:10
that's the case, it's going to be absolutely incredible to see
18:14
that happen. From Hallowed Ground down at
18:17
Kennedy Space Center. I think what's going to happen
18:20
on the 10th is they're going to do the static fire.
18:22
They're going to get past that. Elon Musk said that hopefully
18:25
late March, they'll get they'll have the ship ready, have the
18:28
booster ready, have everything ready, ground systems ready for
18:31
this launch, they just have to wait for the FAA.
18:35
And if that's the case, we could possibly see a launch April.
18:42
May maybe June. If Is ready on SpaceX is n
18:46
because the FAA may have to take some time to figure out all the
18:50
data that SpaceX sends them and make sure that everything's
18:53
okay. So yeah, we're going to expect
18:57
great things from SpaceX this year and I hope you enjoyed this
19:00
thing about it. Welcome back to the Elon Musk
19:06
podcast. And in today's episode we'll be
19:09
discussing two major news stories related to the worlds of
19:13
space and transportation. First, we'll talk about the
19:16
national highway traffic safety administration.
19:19
Turning up the heat on Tesla is they investigate multiple
19:23
instances of Tesla's crashing into parked emergency vehicles
19:27
while using the automaker's autopilot system.
19:30
Now, the agency is launched a special crash investigation team
19:34
to probe a fatal crash involving a Tesla Model S suspected of
19:39
using an automated driving system when it ran into a parked
19:42
fire truck in California investigation.
19:45
Look into how the autopilot system detects in response to
19:48
emergency vehicles, parked on highways.
19:51
Next, we'll be discussing relativity spaces preparation to
19:55
launch the world's first 3D printed rocket.
19:59
The Terran one, the rocket designed by Tim O's, who's the
20:03
CEO and co-founder of relatively space and a former engineer at
20:08
Jeff Bezos has space startup blue origin stands. 110 feet
20:12
high and 7.5 feet. Wide and will be the largest 3D
20:17
printed object to reach orbit. If successful and the rocket
20:23
will use nine engines to boost it off the ground and be able to
20:26
carry a payload to low earth. Orbit of about twenty hundred
20:29
pounds, Ellis hopes to disrupt the rocket manufacturing
20:32
industry, by putting metal 3D printers at the core of the
20:36
manufacturing process and take on his former boss, Jeff Bezos
20:40
and Elon musk's SpaceX. Stay tuned.
20:44
As we dive A little bit deeper into these stories and their
20:47
implications for the future of transportation and space
20:50
exploration. Relativity space is a company
20:54
known for its ambition to revolutionize rocket
20:56
manufacturing and it's preparing to launch the world's first 3D
21:00
printed rocket. The Terran one, the rocket is
21:03
expected to lift off from Cape Canaveral.
21:06
And if successful, it will become the largest 3D printed
21:09
object to reach orbital flight. Velocities Terran one is the
21:14
brainchild of. Tim Ellis, a former engineer at
21:16
Jeff Bezos. His startup blue origin in the
21:20
rocket is relativity space. Ace first functional model and
21:23
it's also the world's first 3D printed rocket, the rocket is
21:28
110 feet, high seven and a half feet wide and what use nine
21:32
engines to boost it off the ground, it will be able to carry
21:35
a payload to low earth orbit of around 2,800, lb, Ellis, the CEO
21:42
and co-founder of Relativity space wants to take on Jeff
21:46
Bezos and Elon Musk and disrupt the rocket manufacturing
21:51
industry. He plans to achieve this by
21:53
putting metal 3D printers at the core of the manufacturing
21:58
process. Now, Ellis believes that 3D
22:00
printing will allow his company to build Rockets much more
22:04
quickly than traditional, manufacturing methods and the
22:07
company's printers can put together a rocket in just 60
22:10
days competitors. On the other hand will take
22:14
between one and two years to build a rocket.
22:16
According to the company's website.
22:19
Now SpaceX is Starship can be built.
22:21
Within a few months as well. So relativity, space and SpaceX
22:26
is Starship are neck and neck. As far as speed goes now, the
22:30
printer is used by relativity. Space are not just fast, but
22:34
also flexible and smart, they use capable learning Ai and
22:39
algorithms and they learn from their mistakes and collect data
22:44
during printing to improve their future.
22:46
Prince relativity space is even developed its own aluminum alloy
22:51
for use 3D printing, the company's rocket engines called
22:55
a on. A e0n are also 3D printed and
22:59
these engines use a mix of liquid oxygen and liquid methane
23:03
to propel themselves forward and Taryn, one has nine a on one
23:07
engines powered through its second stage.
23:11
Now, helices is race to Mars is more of a collaboration than a
23:15
competition with SpaceX. He believes that both companies
23:18
can work together to achieve their goals and for relativity
23:21
space. Case that goal is to print a
23:23
rocket on Mars using its printers, the company believes
23:27
that its printers can be used to build an industrial base on Mars
23:31
in the 3D printing will play a critical role in establishing a
23:35
permanent presence on the planet.
23:38
Now this tear in one launch, it's just a step forward for
23:42
Ellis's. Real goal to build a much bigger
23:44
rocket called Terran are and the rocket will almost be entirely
23:49
3D printed and will be 100% reusable.
23:53
It should be able to carry around 20 thousand kilograms of
23:56
payload. It is the rocket that Ellis
23:58
wants to send the Mars relatively space has teamed up
24:02
with impulse space. Also founded by a former SpaceX
24:06
propulsion CTO. And co-founder Tom Miller
24:09
decided ambitious timeline for its products.
24:12
They aim to send, Taryn, are to Mars by 2024.
24:17
And if successful, it would be the first ever commercial
24:20
mission to the planet. In the may even be SpaceX to the
24:24
pooch on this one. Ellis is confident that his
24:28
company can achieve its lofty. Ambitions though a Skeptics have
24:31
expressed doubts. About the company's ability to
24:34
compete with established rocket. Manufacturers, Ellis is ready to
24:37
put his printing technology to the test.
24:40
He believes that 3D printing is the key to stir up Ting, the
24:43
rocket manufacturing industry and the Terran one launch is
24:46
just the beginning. Ellis said people are quite
24:50
pumped, especially given, this is such a unique launch with so
24:53
many first. For not just relativity but for
24:57
the industry, whatever the outcome is with as less and
25:00
learn, we're going to really have very interesting.
25:06
Time and after they bring their printer to Mars, they're going
25:11
to start building out a lot of the food storage water, storage
25:16
other industrial equipment. And they'll need to initially
25:19
sustained kind of early seeds of people there.
25:22
Now relativity space is a new space rocket company and still
25:29
the company has a lot to prove. And as evidenced by its latest
25:32
valuation, which like many other tech companies dropped by 28%
25:38
from 4.2 billion dollars in mutual fund giant Fidelity's
25:41
estimation in July LS said, I don't think anyone's chilling
25:45
right now. It's long hours and people are
25:47
working hard, but I can say we're not scrambling to fly.
25:50
We've been ready. Now, for some time, Now, people
25:54
are quite pumped, especially given, this is such a unique
25:57
launch with so many first for not just relativity.
26:01
But for the industry, Ellis said, among the first tests in
26:06
this launch, which is dubbed. Go luck or good luck.
26:08
Have fun. Glhf, for short is that it's the
26:12
first 3D printed rocket in the first flight test of
26:15
methane-oxygen fuel dungeons. Now, Alice said there's always a
26:21
chance for surprises, especially with it's you just can't test on
26:25
the ground. I believe if anyone has a shot
26:29
to do this, we certainly have a chance, whatever.
26:32
The outcome with this lesson learned, we're going to really
26:35
have very strong momentum. Going into Taryn are now
26:40
relativity. Space is a new space company but
26:44
SpaceX has been around for a while and so has Tesla.
26:50
Now we're going to get it a Tesla in a little bit but I want
26:52
to tell you about the people that helped us here and keep our
26:55
lights on basically. Starship shirts.com, if you're a
26:59
space enthusiasts, if you're a tech Enthusiast.
27:02
If you're an Elon Musk nut, go to Starship, shirts.com that
27:07
Starship shirts.com, where you can get all the merge t-shirts,
27:12
hats stickers, everything related to Elon Musk companies,
27:16
Tesla SpaceX, NASA space themes, turn shirts as well.
27:21
So, please take a second and check them out.
27:24
Now, let's talk about some Tesla.
27:27
And nhtsa news. That's a national highway,
27:31
traffic, safety administration and they're launching an
27:35
investigation into Tesla and this is for a fatal crash
27:40
involving a Tesla Model S and a fire truck from the Contra Costa
27:44
County, Fire Department in California.
27:47
The agency is also investigating the autopilot system of multiple
27:51
Tesla's crashing into parking emergency vehicles, which has
27:55
led to 14. It's Nationwide.
27:58
The nhtsa is investigating how the autopilot system detects and
28:02
response to emergency vehicles, parked on the highways in the
28:06
driver of a 2014. Tesla Model S was killed in the
28:10
crash and a passenger was critically injured for
28:14
firefighters. Were treated for minor injuries
28:17
injuries and the 1.4 million dollar ladder truck was damaged
28:21
as well. Moreover, nhtsa is also
28:25
investigating steering wheels that can detach from the
28:27
steering column on as many as to 120,000 model.
28:31
Why SUVs the agency received two complaints in which 2023 model
28:36
wise, were delivered to customers with a missing bolt.
28:39
Holding the wheel to the steering column.
28:41
The agency says in documents posted on his website that both
28:45
instances happened when the SUV's had low mileage on them
28:49
and in one complaint filed by the nhtsa in owner ER, said he
28:53
was driving with his family, in Woodbridge, New Jersey when the
28:56
steering wheel suddenly came off on January 29th, five days after
29:02
the vehicle had been purchased. Now, the nhtsa has been more
29:06
aggressive in pursuing safety problems with Tesla's in the
29:09
past year, announcing multiple recalls in investigations, and
29:13
the agency is open investigations into Tesla's
29:16
breaking suddenly for no reason, suspension problems and other
29:20
issues with a vehicles. And in February, the nhtsa
29:24
pressure Tesla into recalling nearly three hundred and sixty
29:28
three thousand vehicles with full self-driving software
29:33
because the system can break traffic laws.
29:36
The US Department of Justice has also asked Tesla for documents
29:40
about full self driving and autopilot, now test the says, in
29:46
its owner manual and neither autopilot nor full self-driving
29:50
can drive themselves in the owner.
29:52
Must be ready to intervene at all times.
29:55
And nhtsa has sent investigators to 35 test the craft search,
30:00
which they think that the automated systems are suspected
30:03
of being used. 19 people have died including two
30:07
motorcyclists. Now, the system is being tested
30:12
by 400,000 Tesla owners on public roads.
30:18
Now the nhtsa said and documents that it can make unsafe actions
30:22
such as traveling, straight through an intersection from a
30:25
turn. Only lane going through a yellow
30:27
traffic light, without proper caution, or failing to respond
30:31
to speed limit changes. And as these investigations go
30:35
on, we'll continue to bring you the latest news about Elon
30:38
musk's Tesla. Oh, and also will bring you some
30:40
relatively relativity spaces, newest news as well.
30:45
So thank you for being here with me today.
30:47
The Elon Musk podcast. I appreciate your time.
30:50
Thank you so much for subscribing to the show, too.
30:56
Chat. Gbt is everywhere and Elon Musk
30:59
believes that the regulation of AI safety is critical, because
31:03
he thinks it's an actually bigger risk to society.
31:07
He also believes that the uncontrolled development of a, I
31:10
could have several consequences and they could be severe.
31:15
And that the unchecked growth of artificial intelligence is one
31:18
of the biggest threats to humanity.
31:21
Musk has been vocal about his concerns regarding the rapid
31:24
development of AI and the potential risks associated with
31:27
it. And while regulation is expected
31:30
to slow down the rampant, growth of a, I use musk's believes that
31:34
it will be a good thing in the long run.
31:37
He thinks that the regulation of artificial intelligence will
31:41
help ensure that it's used safely.
31:43
And for the greater good and musk is called for a public body
31:47
to regulate the development of artificial intelligence and He
31:51
also believes it's a rare case where proactive regulation is
31:54
needed. Now despite his concerns about
31:58
the risks of AI musk has been taking an active role in
32:01
developing his own AI. He has been recruiting AI
32:05
researchers and developers to build the chat GPT rival in the
32:09
major point of distinction between musk's AI software and
32:13
chat GPT would be that his version would not be woke.
32:18
Setting that chat GPT is scary. Good.
32:21
Musk tweeted the danger of training aiaw woke.
32:25
In other words, lie is deadly. Now mosque has a history of
32:30
incorporating artificial intelligence into his products
32:33
as Tesla's have been running on well developed a high-powered
32:36
autopilot systems over the past few years and in addition he
32:41
founded his neurotechnology. Start up there were linked to
32:44
enable humankind to establish, a symbiosis with artificial
32:49
intelligence and last September. He debuted the humanoid Tesla
32:53
robot. Comparing it with the
32:54
Transformers movie franchises Optimus Prime in the AI power
33:00
Tesla. Bot was dubbed a fundamental
33:02
transformation inflection point by musk.
33:05
During its unveiling at Tesla's, AI day at the rise of chat, gbt
33:11
has been a controversial phenomenon in the AI industry
33:14
while it has been successful in its own, right?
33:17
Its success has raised concerns among some of the most
33:20
primitive. And proficient figures in the
33:23
industry including musk and the rapid development of AI has
33:27
caused many to question. Its potential risks.
33:29
And there are concerns that the uncontrolled growth of
33:32
artificial intelligence could have severe consequences.
33:36
Now, despite his concerns must believe that AI has great
33:40
promise and potential and he believes that it could be used
33:44
to solve some of the world's most pressing problems.
33:47
And then it has the potential to transform Society for the
33:50
better. However, he also Also believes
33:52
that the development of AI needs to be carefully.
33:54
Monitored and regulated to ensure that it's used safely.
33:58
And for the greater good and artificial AI has taken the
34:03
World by storm in recent years. And the latest AI platform.
34:07
To catch the attention of tech enthusiasts is chat GPT created
34:11
by startup opening. I chat GPT has become the
34:14
fastest growing private startup in the tech sector.
34:18
Its user-friendly interface is put it on the radar of pretty
34:20
much every Moderately tech-savvy person but it has also raised
34:24
concerns among some of the most prominent figures in the
34:27
industry including Elon Musk who's also a co-founder of open
34:32
E. I left the organization in 2018
34:35
due to disagreements and AI development strategies and to
34:38
refocus on his EV and space exploration.
34:42
Companies, Tesla and SpaceX must believes artificial intelligence
34:46
to be the greatest threat to humanity and says, it could have
34:50
a Terminator like out. Come now before a I was opening,
34:54
I was founded in 2015, musk stated that AI is potentially
34:58
more dangerous than nukes comparing the development of AI
35:01
to Nuclear Physics. He continued, you look at say
35:04
the discovery of nuclear physics.
35:06
You had nuclear power generation but also nuclear bombs and at
35:11
the world government Summit held last month in Dubai, the Tesla
35:16
Inc founder said, one of the biggest risks to the future of
35:19
civilization has AI Both AI is or - it has great promise, great
35:26
capability. But also with that comes, great
35:28
danger. And the top three biggest threat
35:31
to humans. According to musk are the
35:33
unchecked growth of AI, the declining Global birth rate and
35:37
religious extremism. Now, musk's call for AI
35:41
oversight is not new. He has been openly preaching the
35:44
need for a public body, regulating the development of
35:47
AI, and at the South by Southwest Conference in 2018.
35:50
He said I am not normally an advocate of Regulation and
35:54
oversight. I think one should generally err
35:56
on the side of minimizing those things.
35:58
But this is the case where you have a very serious danger to
36:01
the public in addressing the national Governors, Association
36:05
some are meeting in 2017 musk iterated.
36:08
AI is a rare case where I think we need to be proactive in
36:12
regulation rather than being reactive and despite previous
36:16
inhibitions musk has been taking an active role to develop a i
36:20
amid increasing. A man for the technology.
36:23
According to a recent Reuters article musk has been recruiting
36:26
AI researchers and developers including X Google deepmind, AI
36:30
unit, researcher Igor, Bob Scotia to build a chat GPT rival
36:35
and the major point of distinction between must say I
36:38
software and chat gbt would be that his vision wouldn't be
36:42
woke. Also, musk said, the chat.
36:46
CBT is scary. Good.
36:48
And the danger of training AI to be woke is dead.
36:51
Ali. Now musk has the history of AI
36:55
with Tesla and he's also working with some AI factors with SpaceX
37:00
some of the machine learning that they use from the data that
37:03
they gather from SpaceX launches.
37:06
Now, as AI continues to gain traction, to become a part of
37:10
everyday life. It's clear that it's here to
37:12
stay chat. Gbt is on track to become the
37:15
fastest-growing, private startup and Tech Giants, including
37:18
Google and Microsoft are racing to become the chat GP.
37:21
ET software. And they're trying to integrate
37:24
it into their own software. Even retail investors are
37:27
getting in on the action with startup investing platforms like
37:30
smart engines and we funder allowing everyday investors to
37:35
get in on the trend. Now the future of AI startups is
37:39
huge and the technology is like d continue to grow and develop
37:44
in the years to come. However it's critical that the
37:46
development of AI is closely monitored and regulated to
37:50
ensure that it's used safely. And for the greater good and as
37:54
the debate over the potential risks of AI continues is clear
37:58
that the industry needs to be careful to ensure that the
38:00
development of this powerful technology is Guided by ethical
38:04
considerations and a commitment to social responsibility.
38:12
How is one of the world's most influential Business Leaders?
38:15
Elon Musk is facing immense. Pressure to turn Twitter into a
38:18
profitable business and despite musk's ambitious plans for the
38:22
platform, Twitter continues to struggle with a high cost, debt
38:27
burden and a decline in Revenue. So, join us, as we explore the
38:31
future of Twitter, under the leadership of Elon Musk.
38:36
Now, Twitter's kind of facing an existential crisis right now.
38:40
Elon Musk, the company's owner, CEO Under Pressure to turn the
38:44
social media platform into a cash flow positive business and
38:47
nearly five months after musk's forty four billion dollar take
38:51
over Twitter, is still burning through cash, in the company's
38:55
financials remain strained, due to an Advertiser, pull back and
39:00
high-cost debt. Now, to stem, the cash burn musk
39:04
is taking aggressive steps to cut costs, including reducing,
39:07
Twitter's task, force by about 75%.
39:12
Now speaking at a Morgan Stanley conference musk said, Twitter
39:15
has a shot at being cash, flow positive in the second quarter
39:19
and analysts and academics agree that this would give him the
39:22
time. He needs to develop and build
39:24
out, new revenue streams. Now, Twitter has to keep up with
39:29
quarterly. Interest payments are the 13
39:31
billion dollars of debt, that help pay for musk's purchase of
39:35
the company. It had less than six hundred
39:37
million dollars in net debt before the Takeover and the
39:40
company has to pay. 1.5 billion dollars a year in interest costs
39:45
while its annual operating costs are now close to 1.5 billion
39:49
dollars. Now, Twitter has also been hit
39:52
with lawsuits from landlords consultants and vendors who
39:56
claimed that Twitter hasn't paid its bills and Twitter told
39:59
investors that. It recorded decline of roughly
40:01
40% year to year in both Revenue, it adjusted earnings in
40:07
December. Twitter's businesses for
40:10
stagnating before musk's take over it.
40:13
Hasn't booked an annual profit since 2019 and it posted a loss
40:17
for eight years of the past decade and to lift Revenue musk
40:22
is looking to relaunch a paid Subscription Service.
40:25
Twitter blew on numerous levels, which will allow users to edit
40:29
tweets Test new features before. They are made available to other
40:33
normal users and other options available for the future.
40:38
Now, Twitter blue has as many as 450 thousand subscribers,
40:43
according to estimates from Travis Browne a berlin-based
40:46
software developer who tracks social media Platforms in must
40:51
cause cutting efforts, have involved slashing headcount,
40:53
which he said in December was down to roughly 2,000 from
40:57
nearly 8,000 people before the acquisition Twitter laid off and
41:02
another round of workers last month.
41:05
And they may continue on this trend for the foreseeable
41:08
future. Now, there is some path to
41:10
survival for Twitter as well. It's on a path to break.
41:13
Even in about nine months said, Daniel lives a managing director
41:17
at Financial Services firm, wedbush Securities Inc, the
41:21
social media company likely will have to demonstrate.
41:23
It has a stabilized business model before it receives another
41:26
infusion of capital and a renegotiation of the terms of
41:31
the interest payments might offer Twitter and musk some
41:34
respite for Is the bank Syndicate that put together the
41:38
loan backing musk's acquisition has been struggling to sell that
41:41
debt to third-party investors and his team.
41:44
Also held talks with investors about selling up to three
41:47
billion dollars in new Twitter, shares to repay some of that
41:50
debt. Now Ilan, if not the world's
41:55
richest person, he's the second richest person in the world.
41:58
Could continue making interest payments on Twitter's debt by
42:01
ejecting more of his personal wealth or finding other Equity
42:04
investors. And another option would be to
42:07
sell more Tesla Inc stocks which would likely future shrink, the
42:13
electric vehicles, market, share, and musk, who is also the
42:16
CEO of Tesla sold shares in the car maker, in November yielding
42:21
almost four billion dollars. Instead, the sale was partly due
42:25
to Twitter, he said it is cyber he wouldn't sell more Tesla
42:28
shares for at least 18 months and that seemed to stabilize the
42:32
Tesla shares at that point. Now must could strike a deal
42:37
with lenders to pay a payment extension, restructure, the debt
42:42
obtained, a covenant waiver or make other changes to loan terms
42:46
in the chief executive could also eventually buy some of the
42:50
debt in potentially take full ownership Twitter, such as
42:53
purchase could take the debt off of the company's balance sheet
42:57
and put it all in the hands of Elon Musk.
43:01
Now I want to ask you for a favor real quick.
43:03
Could you please hit the Subscribe button, on whatever
43:06
podcast platform that you're on right now, it would really help
43:09
out the show and could get you back here so you can listen to
43:12
more Elon musk's news. If you like Tesla, if you like
43:15
SpaceX, if you like the boring company or Twitter does hit the
43:18
Subscribe button, we do these shows almost every day.
43:21
I don't think we missed a day for the last two hundred and
43:23
forty four days or something like that.
43:25
So, please hit the Subscribe button, you'll get the latest
43:27
news on your podcast app. Now, Musk steam held talks.
43:33
With investors about selling up to three billion dollars and do
43:35
Twitter shares to repay some of the debt and Equity raise.
43:38
If successful could be used to pay down in unsecured portion of
43:42
the death that carries the highest interest rate within the
43:45
13 billion dollar, Twitter loan package, however, the company's
43:49
small group of debt holders might team up and use their
43:52
bargaining power. To restructure the debt only, if
43:55
musk injects more Equity, or by some of that debt, Now, if musk
44:01
is unable to secure additional debt or Equity, bankruptcy could
44:05
be in the carts potentially through a technical default or
44:09
failing to pay interest costs through analysts and economics.
44:14
They said that move doesn't appear to be imminent and musk
44:17
is talking on Twitter, a lot and in February he said the previous
44:22
three months were extremely tough as he rushed you quote
44:25
save Twitter from bankruptcy companies that go through
44:28
bankruptcy often. Change top management and filing
44:32
for bankruptcy protection would likely Wipeout musk's personal
44:36
investment. But it would also allow him to
44:38
negotiate with creditors in a single form and raise new debt
44:42
from senior lenders. According to Josh, White and
44:45
assistant professor of Finance at Vanderbilt University and a
44:49
former Securities and Exchange Commission Economist.
44:52
Now, bankruptcy protection will allow interest to stop accruing
44:56
on any unsecured claims such as accounts, payable, we're Loans
45:00
not secured by elon's Tesla stock.
45:03
In contrast with a private deal with lenders, and Twitter is not
45:07
the only social media platform struggling right now.
45:10
There's a Slowdown in the online Market altogether.
45:13
Maybe digital ad platforms face, similar issues amid concerns
45:16
over a potential economic downturn.
45:19
However, Twitter situation is unique in that the company has a
45:23
huge debt burden has been unprofitable for years.
45:27
And for Twitter to thrive needs to attract new users, create
45:31
compelling content and monetize its platform more efficiently.
45:35
This is a difficult task given the intense competition in the
45:38
social media space in the current economic environment.
45:41
However, with musk's resources and vision, it's not really that
45:46
impossible. If you think about it, Twitter
45:48
has a very loyal user base. The values, the platform's
45:51
ability to connect people and share information is also been
45:55
an important platform for political.
45:57
Closure and activism if musk and leverage the strengths, while
46:01
developing new revenue streams, Twitter could become a thriving
46:05
business. Again, one potential area for
46:07
growth is Ecommerce. Twitter, could become a platform
46:11
for buying and selling products similar to Instagram and
46:14
Facebook. In this would require
46:16
significant investment in infrastructure and Partnerships
46:19
with retailers, but it could be a lucrative Market another area
46:24
for growth is in premium content to There could partner with
46:28
media companies to create exclusive content.
46:30
That users would be willing to pay for this.
46:33
Could include Live Events such as concerts and sporting events
46:36
as well as original programming. And Twitter could also leverages
46:39
data to provide targeted, advertising and insights to
46:42
businesses, this would require a significant investment at data
46:46
analytics and machine learning, but it could be a lucrative
46:50
market for the future. Now, Elon Musk faces,
46:53
significant challenges turning Twitter into a profitable
46:56
business However, with his resources, the people around
47:00
him, and his vision, it doesn't look like it's going to be a
47:03
possible. He needs to focus on cutting
47:06
costs, developing new revenue streams and attracting new
47:10
users. He also needs to be strategic
47:12
and managing Twitter's debt, and negotiating with creditors.
47:16
And if you could do all those things, Twitter could become a
47:19
thriving business in a valuable asset in musk's portfolio of
47:23
companies brought to you by state 0 Productions and hosted
47:26
by me. We will Walden.
47:28
We hope you've enjoyed today's episode and gain some valuable
47:31
insights. If you haven't already, be sure
47:33
to subscribe on your favorite podcast app so you never miss an
47:36
episode. And for exclusive add free
47:39
content. Check out our patreon at
47:41
patreon.com slash state zero. Thanks for listening and we'll
47:46
see you next time.