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Elon Musk on Entrepreneurship and Innovation in Hong Kong!!! · Elon Musk Thinking

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  Speaker 1: Okay, you can pick any mic on the table. There's
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  Speaker 1: so many to choose from.
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  Speaker 2: Okay, invest k all.
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  Speaker 1: Right, elono's welcome to Hong Kong. I talked to your
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  Speaker 1: people at Tesla here in Hong Kong, and you know,
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  Speaker 1: Tesla opened up here in twenty ten. The model less
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  Speaker 1: has been selling pretty well.
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  Speaker 3: Good build up.
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  Speaker 1: First general question, how's the business doing here in Hong Kong.
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  Speaker 4: Actually, I mean at Tesla, we're super appreciative of of
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  Speaker 4: Hong Kong. It's the the city with the I believe,
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  Speaker 4: at this point, the most number of Tesla's per capita. Yeah, so,
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  Speaker 4: so the and I think it's it's sort of a
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  Speaker 4: it's a very exciting I think model in Hong Kong
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  Speaker 4: because I think Hong Kong will have of a time
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  Speaker 4: the highest percentage of electric vehicles of any city in
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  Speaker 4: the world, and it can therefore serve as a model
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  Speaker 4: for how other high density cities around the world can
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  Speaker 4: transform to a sustainable transport future.
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  Speaker 2: So I think, I think that's that's very exciting.
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  Speaker 4: So we plan to work closely with the Hong Kong
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  Speaker 4: government and to take lessons learned and see what we
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  Speaker 4: can do to then propagate that to cities around the world.
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  Speaker 4: So we're very excited about the partnership with with Hong Kong.
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  Speaker 1: Yeah, because Hong Kong is such a densely packed city.
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  Speaker 1: There's no range anxiety in Hong Kong. But that's not
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  Speaker 1: the only factor behind the popularity of the tesla. What
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  Speaker 1: are the other factors?
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  Speaker 2: Sure, well, I think certainly you know the rate.
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  Speaker 4: Range not being an issue is one factor, although that
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  Speaker 4: is counterbalanced by challenges with charging.
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  Speaker 3: Yeah.
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  Speaker 4: So one of the things that we need to work through,
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  Speaker 4: and this is a challenge that any other dense city
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  Speaker 4: in the world has, is as you have more and
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  Speaker 4: more electric vehicles on the roads, you have to find
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  Speaker 4: someplace to charge them. And the ideal place to charge
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  Speaker 4: the car is at your home or office, essentially the
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  Speaker 4: same place that you charge your phone. But this is
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  Speaker 4: challenging because a lot of apartment buildings, well most part buildings,
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  Speaker 4: didn't anticipate having that level of power in the garage,
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  Speaker 4: and sometimes the parking spot spots float around, they're not consistent.
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  Speaker 4: So it's going to be quite important to get the
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  Speaker 4: power to the buildings that need it and then and
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  Speaker 4: figure out a good, inconvenient way for people.
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  Speaker 2: To charge at home. We are deploying a lot of.
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  Speaker 4: Super charges, and of course that's going to be important,
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  Speaker 4: but those are really meant for when you have an
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  Speaker 4: unusually long trip and you've been away from your home
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  Speaker 4: or office for a while, or you need to top up
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  Speaker 4: and you're out and about. But by far the most
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  Speaker 4: convenient is Homer office charging, and that's the thing that
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  Speaker 4: we're really working closely with the on Kongdon.
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  Speaker 1: Yeah, we were talking about this earlier, about the impact
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  Speaker 1: of falling oil prices, because high oil prices was a
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  Speaker 1: major selling point for getting into hybrids or electric vehicles.
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  Speaker 1: Now that oil prices are in free fall, what does
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  Speaker 1: that mean for the industry.
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  Speaker 4: Well, it definitely makes the transition to sustainable energy more difficult,
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  Speaker 4: and I think no doubt that that is going to
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  Speaker 4: damp an interest in electric vehicles in general. Without cars,
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  Speaker 4: what we're what we aspire to do is to make
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  Speaker 4: the cars so compelling that even with low gasing prices,
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  Speaker 4: it's still the car you want to buy.
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  Speaker 2: That's I mean, the only thing I can think of.
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  Speaker 2: That's the only sort of what else we could do.
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  Speaker 1: You have to make it compelling, and this is really
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  Speaker 1: at the key of Tesla is to create an electric
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  Speaker 1: car that's not worthy, it's going to help the environment,
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  Speaker 1: but it is a car that you will cover it,
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  Speaker 1: that you want to drive, that happens to be very
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  Speaker 1: good for the climate change or very good, very good
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  Speaker 1: for the environment.
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  Speaker 2: Yeah, exactly.
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  Speaker 4: And I think this is sort of general, you know,
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  Speaker 4: advice i'd give to people starting companies entrepreneurs in general
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  Speaker 4: is really focus on making a product that your customers love.
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  Speaker 4: And it's so rare that you can buy a product
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  Speaker 4: and you love the product when you bought it. This
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  Speaker 4: is this is There are very few things that fit
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  Speaker 4: into that category. And if you if you can come
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  Speaker 4: up with something like that, your your business will be
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  Speaker 4: successful for sure.
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  Speaker 1: Let's talk about China. China is the world's largest auto market.
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  Speaker 1: China is also it's a growing electric vehicle market too.
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  Speaker 1: It's soon to be the world's largest there world's largest
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  Speaker 1: carbon emitter. We've seen the return of the so called
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  Speaker 1: air apocalypse and crazy bad air days in places like
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  Speaker 1: Shinyang and Beijing, especially during the wintertime. China needs your technology.
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  Speaker 1: Is China really aware of that? Do you get that sense?
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  Speaker 1: And if you don't mine, if you could hold them
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  Speaker 1: make a little business.
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  Speaker 2: Right, Yeah, absolutely, I see it's very high gain.
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  Speaker 4: Look, okay, yes, China is definitely where Tesla. I've had
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  Speaker 4: a number of high level meetings with the Chinese government,
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  Speaker 4: and in fact, the Minister of Finance recently mentioned Tesla
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  Speaker 4: in a speech that he gave as as a good example.
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  Speaker 4: Actually he's so, he's he's he likes.
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  Speaker 3: What we're doing, which is a good thing.
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  Speaker 4: Yeah, yeah, absolutely, And and then and then last year
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  Speaker 4: we in in an effort to help the rest of
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  Speaker 4: industry and just sort of kind of be a good,
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  Speaker 4: good neighbor, we open sourced all of our patents, so
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  Speaker 4: any company in China or elsewhere can use our patents
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  Speaker 4: to create electric vehicles.
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  Speaker 3: So what you're doing, they're just really just scores.
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  Speaker 1: A theme that emerged at the latest climate change conference
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  Speaker 1: in Paris, the debate on whether developed countries should be
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  Speaker 1: doing more to help developing countries. When the goal is
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  Speaker 1: a general shared goal, and you're saying a company from
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  Speaker 1: a developed country should be doing that little bit more
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  Speaker 1: in a market like China, I.
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  Speaker 4: Agree, although quite frankly, I think China is quite quite
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  Speaker 4: well developed. Yeah yeah, let me tell you, China has
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  Speaker 4: better highways and definitely better trains in the United States.
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  Speaker 2: Yeah, buy far Okay.
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  Speaker 4: So, in fact, I had a great experience taking the
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  Speaker 4: boat train from Beijing tou Chion to see the Tirakar warriors.
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  Speaker 2: Yeah, that was it was a great experience.
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  Speaker 3: Yeah.
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  Speaker 4: Yeah, so yeah, So I think there's a lot of
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  Speaker 4: a lot of opportunity there. I think the challenge for
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  Speaker 4: Tesla is that in China we need to establish sort
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  Speaker 4: of a local partnership, and so we're going to kind
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  Speaker 4: of figure that out.
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  Speaker 1: There is the issue of pollution in China, the need
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  Speaker 1: for sustainable energy solutions in China. Gridlock is a huge
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  Speaker 1: issue in places like Beijing. I don't know if you've
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  Speaker 1: been stuck in Beijing traffic. I've been stuck in Beijing.
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  Speaker 3: Yeah, We've all everyone here who's traveled to China. You're
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  Speaker 3: stuck in It's pretty crazy.
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  Speaker 1: Can Tesla autopilot provide some sort of solution to that, Well, I.
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  Speaker 2: Think what a pilot can certainly take the edge off
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  Speaker 2: because of.
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  Speaker 4: Our autopilot capability right now is really good in two scenarios,
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  Speaker 4: either on a highway where there's no traffic and the
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  Speaker 4: lines are quite clear, or in heavy traffic.
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  Speaker 2: So it's super good in heavy traffic.
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  Speaker 4: Not that I'd recommend it, but you know, you can
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  Speaker 4: read a book or do email.
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  Speaker 2: It's what I found.
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  Speaker 4: I've heard people say so the so, so you really
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  Speaker 4: take the edge off the traffic. But I'm actually quite
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  Speaker 4: a big fan of tunnels.
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  Speaker 2: Tunnels are so underappreciated.
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  Speaker 3: Please elaborate.
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  Speaker 4: Well, the fundamental problem with cities is that we build
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  Speaker 4: cities in three D. I mean, you see, you've got
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  Speaker 4: these tall buildings with lots of people on each floor,
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  Speaker 4: but then you've got roads which are two D, so
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  Speaker 4: that that obviously just doesn't work. You're guaranteed to have
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  Speaker 4: good luck. But you can go three D if you
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  Speaker 4: have tunnels, and you can have many tunnels crisscrossing each
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  Speaker 4: other with maybe a few meters vertical distance between them,
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  Speaker 4: and and and completely get rid of traffic problems. And
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  Speaker 4: just my undersetting that actually Hong Kong is in the
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  Speaker 4: process of building some tunnels, and I spoke please to
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  Speaker 4: hear that, but but that that really as the solution
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  Speaker 4: for solving traffic in major cities.
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  Speaker 3: Yeah, you can also go three D with flying cars.
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  Speaker 2: You can.
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  Speaker 3: That's not going to happen for a long time.
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  Speaker 2: Well, I mean, flying cars.
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  Speaker 4: Sound cool, but then they do make a lot of
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  Speaker 4: wind and they're quite of noisy.
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  Speaker 3: And you've sought this out.
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  Speaker 2: The probability of something falling on your head is much higher.
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  Speaker 3: Yeah, gotcha.
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  Speaker 1: We talked about charging stations and the challenge for rolling
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  Speaker 1: out more charging stations in Hong Kong. The challenge is
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  Speaker 1: exponentially greater in China, especially in the rural areas, to
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  Speaker 1: connect the big cities.
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  Speaker 3: What are your plans on that?
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  Speaker 2: So we actually have a supercharging network throughout China. You
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  Speaker 2: can go.
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  Speaker 4: At this point almost anywhere in China using the test
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  Speaker 4: the supercharger network, and then we've got there's a whole
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  Speaker 4: bunch of third party affiliate destination dodgers, and we've actually
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  Speaker 4: had people drive all the way from Beijing to Tibet.
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  Speaker 2: Yeah, so it's a wow. Yeah in a model ass Well,
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  Speaker 2: that's incredible. Yeah.
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  Speaker 3: Have you driven a Tesla in rural China?
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  Speaker 2: No? No, other people.
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  Speaker 1: Have the Model three. What can you tell us about
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  Speaker 1: the Model three? What's going to look like? And I
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  Speaker 1: know that you've mentioned to me about it.
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  Speaker 4: Sorry no, no, sorry, you know, yeah, I can't tell
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  Speaker 4: you what it's going to look like. Okay, okay, but
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  Speaker 4: I mean I can tell you just generally some characteristics
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  Speaker 4: about it, which is it's meant to be a slightly
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  Speaker 4: smaller version. It's a sort of a smaller version of
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  Speaker 4: the Model ass and it won't have quite as many
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  Speaker 4: bells and whistles, but it'll be at a much lower
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  Speaker 4: price point.
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  Speaker 2: So the intent is to.
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  Speaker 4: Grow roughly, get the cut the price in half for
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  Speaker 4: a small vehicle. And and I think really that's going
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  Speaker 4: to be probably the most profound, profound car that we make,
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  Speaker 4: because that that'll that that'll be I think a very
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  Speaker 4: compelling car at an affordable price.
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  Speaker 1: Yeah, this is with the Model three, the electric vehicle
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  Speaker 1: could go fully mainstream other car manufacturers. We have GM
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  Speaker 1: in mind with the Bolt doing the same thing, and
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  Speaker 1: you welcome your rivals doing this, right.
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  Speaker 2: Yeah.
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  Speaker 4: The goal of Tesler from the beginning has been to
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  Speaker 4: accelerate the advent of sustainable transport.
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  Speaker 2: So we actually did some partnerships.
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  Speaker 4: We did one with Mercedes and on with Toyota and
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  Speaker 4: you know, open source IP and everything. So the whole
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  Speaker 4: purpose of it was really to accelerate the advent of
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  Speaker 4: sustainable transport. So it's always great to hear when other
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  Speaker 4: car companies are making electric.
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  Speaker 1: Cars, including car companies inside China. Are there any Chinese
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  Speaker 1: electric car vehicle makers that that are capturing your attention?
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  Speaker 4: Or well, we don't think too much about what what
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  Speaker 4: competitors are doing, just because I think it's important to
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  Speaker 4: be just focused on making the best possible products. You know,
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  Speaker 4: it's sort of maybe analogous to what they say about
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  Speaker 4: you know, if you're in a in a if you
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  Speaker 4: if you're in a in a race, don't worry about
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  Speaker 4: how the other what the other runners are doing.
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  Speaker 2: Just run, but you know.
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  Speaker 1: To to push that metaphor even more, are you afraid
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  Speaker 1: that whoever's hosting the race could tilt.
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  Speaker 3: The race in favor of the Chinese racer?
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  Speaker 2: I'm trying to figure out this any way to answer
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  Speaker 2: that question, I'm not.
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  Speaker 1: You get one pass during this interview. If you'd like
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  Speaker 1: to take the past, you could take that pass.
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  Speaker 3: That okay.
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  Speaker 1: We've talked about innovation in China and I thought your
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  Speaker 1: answer was really interesting and it'd be cool to share.
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  Speaker 3: It with the audience here.
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  Speaker 1: What was what is the example of made in China
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  Speaker 1: innovation that you thought, Wow, that's pretty cool.
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  Speaker 4: Well, I think actually a lot of the social media's
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  Speaker 4: soced in China. You know Waivo, we Chat pretty impressive,
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  Speaker 4: I think better than what is available in the US.
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  Speaker 3: Yeah, are you on we Chat?
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  Speaker 2: I am actually?
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  Speaker 3: Oh really?
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  Speaker 2: Yeah?
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  Speaker 1: You know I only use we chat when I'm in
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  Speaker 1: mainland China in business? Do you use we chat in
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  Speaker 1: La and Silicon.
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  Speaker 2: Valley occasionally to cruspond with people in China?
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  Speaker 3: Okay? Yeah, that's it.
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  Speaker 2: Yeah, but it's it's pretty good. Which what Olibaba is
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  Speaker 2: pretty impressive?
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  Speaker 3: Do you use Ali? Have you used? Okay, he purchased?
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  Speaker 2: Impressive about it? Yeah?
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  Speaker 3: Yeah, it is very very impressive. Yeah, we Chat? How
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  Speaker 3: do you use it? Which messaging functions do you like
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  Speaker 3: to use on it?
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  Speaker 2: Well?
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  Speaker 4: I wouldn't call myself sort of a reach out expert.
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  Speaker 4: I basically just message people yeah, and send pictures, pictures
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  Speaker 4: and text.
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  Speaker 2: Got it things? Now.
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  Speaker 1: Recently I did a panel discussion in Beijing with a
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  Speaker 1: group of technologists and the subject came up.
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  Speaker 3: Or Or.
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  Speaker 1: I brought up the question can there be an elon
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  Speaker 1: musk in China?
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  Speaker 3: And the answer was no?
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  Speaker 1: And it was because of And this is according to Kaifuli,
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  Speaker 1: former head of Google China, who started Microsoft Research in Beijing,
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  Speaker 1: and he said it's because of the education system in China.
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  Speaker 1: It emphasizes too much rope learning. You are elon musk
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  Speaker 1: do you what do you make of that? I mean,
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  Speaker 1: do you do you agree with that?
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  Speaker 4: Well, actually, I mean, obviously are a number of very
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  Speaker 4: successful entrepreneurs in China, Jack Mob Pony Moth, that's exactly
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  Speaker 4: so I think I'm sure I'd entirely agree with that.
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  Speaker 4: But but it is generally true that innovation comes from
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  Speaker 4: questioning the way things have been done before. Yeah, and
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  Speaker 4: if in the education system you're taught not to do that,
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  Speaker 4: that will inhibit entrepreneurship.
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  Speaker 1: Being able to question what you're being taught being able
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  Speaker 1: to Yeah.
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  Speaker 4: I mean just you know, saying, well, is there a
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  Speaker 4: better way? Yeah, you know, to ask that question.
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  Speaker 1: Yeah, let's talk about innovation at Tesla for more questions there.
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  Speaker 1: So we talked about Tesla Autopilot. There's also Tesla Summon
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  Speaker 1: and I love that name, to Summon, where you summon
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  Speaker 1: the Tesla with your mobile phone. And you know, we
• 16:01
  Speaker 1: did talk about this earlier. I know that there's a
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  Speaker 1: big gap between those two programs and self driving cars.
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  Speaker 3: But is Tesla on its way to a driverless model.
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  Speaker 4: Yeah, I mean I think the whole industry ultimately will
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  Speaker 4: be producing autonomous cars.
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  Speaker 2: And if you went, if you fast forward, let's say.
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  Speaker 4: Ten or ceraly not more than fifteen years, I think
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  Speaker 4: almost all cars produced will be autonomous.
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  Speaker 3: All cars produce will be autonomous.
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  Speaker 2: All new cars. Yes, But that's not the same as
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  Speaker 2: all cars in the road because.
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  Speaker 4: That there's roughly two billion cors and trucks in the
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  Speaker 4: road and just under one hundred billion produced every year,
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  Speaker 4: so the production rate is only five percent of the
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  Speaker 4: fleet size. But if you say, of new cars produced,
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  Speaker 4: I'll be surprised if a majority of them are not
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  Speaker 4: self driving in let's say ten to fifteen years.
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  Speaker 1: And of all those new self driving cars out on
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  Speaker 1: the road, how many of them will have you know,
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  Speaker 1: it's like a it will have a steering wheel versus
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  Speaker 1: not having a steering wheel.
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  Speaker 3: It's like the you know, just a remnant of the past, right.
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  Speaker 2: The same world thing. I'm not sure.
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  Speaker 4: I mean, there may be some perhaps auxiliary steering wheel
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  Speaker 4: that only pops out when you know, when you need
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  Speaker 4: to take manual control for whatever reason. And probably if
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  Speaker 4: you go long long term, I guess is that there
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  Speaker 4: isn't a steering wheel in most cars, it would be
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  Speaker 4: something that you would have to special order or something
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  Speaker 4: like yeah, wow, in most cars, not all cars. And
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  Speaker 4: I do want to be clear, like the predictions are
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  Speaker 4: not endorsements, you know, So I'm not saying that this
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  Speaker 4: would be a good or bad thing.
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  Speaker 2: I'm just saying that this is probably what will look.
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  Speaker 1: This is pattern recognition and anticipating what's going to happen next.
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  Speaker 2: It's it's likely.
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  Speaker 4: I mean, I think it's sort of like elevators used
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  Speaker 4: to have a manual elevator operator and you'd have somebody
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  Speaker 4: would be sort of moving the lever and be able
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  Speaker 4: to do fine tune adjustments with the elevator for each floor.
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  Speaker 2: Now there's no manual controller for elevators. Yeah, I think
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  Speaker 2: it's going to seem the same way for cars.
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  Speaker 1: And how about the way consumers interact with driverleist cars.
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  Speaker 1: How many consumers will choose to own their own car
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  Speaker 1: versus signing into a networked fleet of driverlest cars.
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  Speaker 2: I think probably still most people will own.
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  Speaker 4: Their own car, but there will be It's hard to
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  Speaker 4: predict the exact percentage, but I mean I think probably
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  Speaker 4: roughly sixty seventy percent of people will probably want to
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  Speaker 4: own their cars, and we'll call it two thirds own
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  Speaker 4: one third share. This is a complete you know, shooting
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  Speaker 4: in the dark guess. But I think still most people
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  Speaker 4: will want to own their own car, but they also
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  Speaker 4: may choose to add it to the shared fleet and
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  Speaker 4: then take it out of the shared fleet at will.
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  Speaker 3: Yeah. And you don't see that as a threat to your.
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  Speaker 4: Business model, No, I think it's just songs. We make
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  Speaker 4: great autonomous cars.
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  Speaker 3: It's just additional options for the consumer.
• 19:20
  Speaker 4: Yeah, it's just adding functionality that I think people will
• 19:23
  Speaker 4: consider quite important in a car in the future. I mean,
• 19:28
  Speaker 4: I've said this before, but I think in the long term,
• 19:31
  Speaker 4: owning a car that does not have autonomous.
• 19:33
  Speaker 2: Capability will be like a bit like owning a horse.
• 19:35
  Speaker 4: Yeah, I mean you sort of own a horse for
• 19:37
  Speaker 4: sentimental reasons, but not you know, but not not for
• 19:42
  Speaker 4: actual transport.
• 19:42
  Speaker 3: Yeah. Yeah.
• 19:45
  Speaker 1: Let's talk about the futuristic looking Model X And a
• 19:49
  Speaker 1: question that many Hong Kongers have is can I practicing
• 19:51
  Speaker 1: in my parking garage because of those falcon wing doors.
• 19:57
  Speaker 3: What's your answers to that?
• 19:59
  Speaker 4: Yeah, Actually, the falcon doors are double hinged, so to
• 20:03
  Speaker 4: call them a falconing instead of going because they have
• 20:06
  Speaker 4: a dual acting hinge, so they're actually they can open
• 20:08
  Speaker 4: in a tightest space than almost any door. It certainly
• 20:11
  Speaker 4: more than a conventional tightest space in a conventional door.
• 20:14
  Speaker 4: If you can physically fit between your car and a
• 20:17
  Speaker 4: Model X, then you'll be able to get in the
• 20:18
  Speaker 4: falcing door.
• 20:19
  Speaker 3: Yeah.
• 20:20
  Speaker 1: And it looks beautiful and I love the I mentioned
• 20:25
  Speaker 1: this again when you talked yesterday. I love the Back
• 20:28
  Speaker 1: to the Future series reminds you of the dolore in
• 20:29
  Speaker 1: which I know I should not compare tests to you know,
• 20:33
  Speaker 1: it looks sci fi, it looks cool, but it also,
• 20:36
  Speaker 1: and this is important, it serves a design purpose.
• 20:39
  Speaker 3: What is that purpose?
• 20:42
  Speaker 4: Yeah, So the falc going door is designed to improve
• 20:46
  Speaker 4: accessibility of the third row. I mean, typically in a
• 20:50
  Speaker 4: three or a car in an suv, it's quite difficult
• 20:52
  Speaker 4: to access the third row directly. You have to fold
• 20:56
  Speaker 4: up the second row seat and you really somehow have
• 20:59
  Speaker 4: to move this seat back of the second row, which
• 21:03
  Speaker 4: if you've got sort of a child or a child
• 21:06
  Speaker 4: seat in the second row, can make it really inconvenient
• 21:08
  Speaker 4: to access the third row.
• 21:09
  Speaker 2: So by having the falcing door.
• 21:11
  Speaker 4: We have a much bigger opening that allows you to
• 21:13
  Speaker 4: directly step to the third rope quite conveniently, even if
• 21:18
  Speaker 4: if there are baby seats in the second row, and
• 21:22
  Speaker 4: then if your mother, putting your child in the child
• 21:26
  Speaker 4: seat in the second row is very easy because you
• 21:29
  Speaker 4: have such a big opening and you can you can
• 21:31
  Speaker 4: step into the car and put the child into the
• 21:33
  Speaker 4: child seats that are cantilivering your child over sort of
• 21:37
  Speaker 4: the you know, through a hole over the baby seat.
• 21:42
  Speaker 2: A sort of armrests.
• 21:43
  Speaker 4: So it's meant to improve accessibility. And there are really
• 21:47
  Speaker 4: only two ways to achieve that level of accessibility. One
• 21:50
  Speaker 4: is the is the sliding door of a minivan, and
• 21:54
  Speaker 4: the other is to have something like the falconing door.
• 21:58
  Speaker 4: And the reason we can't go for slang door for
• 22:01
  Speaker 4: like a minivan is that it fundamentally constrains the aesthetics
• 22:04
  Speaker 4: of the exterior of the car, and you have to
• 22:07
  Speaker 4: have three support rails which also negatively affect the aesthetics.
• 22:11
  Speaker 4: That's why all minivans pretty much look the same. And
• 22:16
  Speaker 4: we want to and so we want to have something
• 22:18
  Speaker 4: that had that level of accessibility and actually has greater
• 22:21
  Speaker 4: accessibility than a many van door but also looks good.
• 22:24
  Speaker 1: This is classic user center design. And can I just
• 22:27
  Speaker 1: say thank you for designing for moms and thank you
• 22:30
  Speaker 1: for designing for parents.
• 22:32
  Speaker 3: That's pretty cool.
• 22:34
  Speaker 4: Absolutely, yeah, I think I think parents will really really
• 22:41
  Speaker 4: enjoy the Modele X. And we're also taking good feed
• 22:45
  Speaker 4: you know, feedback from customers.
• 22:48
  Speaker 2: And for example, one of the things that was asked.
• 22:50
  Speaker 4: Of some of our Hong Kong customers that have ordered
• 22:52
  Speaker 4: the Model X is to have a partial partial open
• 22:56
  Speaker 4: function of the of the falcoming door.
• 22:58
  Speaker 2: So if you're if it's a if it's really heavy.
• 23:00
  Speaker 3: Rain, oh yeah, it's like an.
• 23:02
  Speaker 4: Umbrella or yeah, so you'd want to sort of a
• 23:04
  Speaker 4: maybe a fifty sixty percent open level so you have
• 23:08
  Speaker 4: a good shield from the rain. Yeah, and I think
• 23:11
  Speaker 4: people will please know that actually is already in the works.
• 23:13
  Speaker 3: Oh very good.
• 23:15
  Speaker 2: Cool, just a software update.
• 23:16
  Speaker 1: And something that is also potentially in the works but
• 23:19
  Speaker 1: only for a select few a submersible tesla.
• 23:23
  Speaker 4: Yeah that'll be not anytime soon, but but yeah, that's
• 23:29
  Speaker 4: just to be a fun side project to have some
• 23:32
  Speaker 4: more submissible tesla.
• 23:34
  Speaker 2: But I think the market for submarine card is quite small.
• 23:39
  Speaker 1: But you don't have to use a cross Harbor Tunnel
• 23:42
  Speaker 1: in Hong Kong.
• 23:43
  Speaker 3: You could just go through the Victoria Harbor.
• 23:46
  Speaker 2: That's true.
• 23:47
  Speaker 3: That'd be pretty epic.
• 23:48
  Speaker 4: Drive right off the wrap, right off the edge of
• 23:51
  Speaker 4: the that's right here.
• 23:52
  Speaker 3: Be James Bond every day in your commute.
• 23:54
  Speaker 2: Absolutely.
• 23:55
  Speaker 3: Yeah, a Tesla truck. Could that ever happen?
• 23:58
  Speaker 2: Yeah, I think it's quite likely we'll do it in
• 24:00
  Speaker 2: the future.
• 24:00
  Speaker 3: Yeah, yeah, any more details in that, No.
• 24:05
  Speaker 2: I think it's sort of a logical thing for us
• 24:07
  Speaker 2: to do in the future.
• 24:07
  Speaker 1: Okay, Now, with Tesla, your goal has been to make
• 24:10
  Speaker 1: a better car, and you've done that with an electric
• 24:13
  Speaker 1: vehicle that people covet, that has quite a cult following,
• 24:18
  Speaker 1: that's upgradeable. But you also want to achieve and your
• 24:22
  Speaker 1: turner phrase is very nice, or try to achieve this
• 24:26
  Speaker 1: platonic ideal of a.
• 24:27
  Speaker 3: Car, right to reach perfection. So what does the perfect
• 24:32
  Speaker 3: car look like?
• 24:34
  Speaker 4: Well, I mean I do use that phrase with our
• 24:37
  Speaker 4: measuring the science team that aspirationally we're in pursuit of
• 24:41
  Speaker 4: the patonic ideal of the perfect car, and and who
• 24:46
  Speaker 4: knows what that looks like actually, but it's you want
• 24:49
  Speaker 4: to try to make every element of the car as
• 24:53
  Speaker 4: as flawless as possible, and there will always be, you know,
• 24:57
  Speaker 4: some degree of imperfection. Try to minimize that and create
• 25:03
  Speaker 4: a car that is just delightful in every way. And
• 25:06
  Speaker 4: I think if you do that, then the rest kind
• 25:09
  Speaker 4: of takes care of itself.
• 25:11
  Speaker 1: You're also the chairman of solar city, building out a
• 25:15
  Speaker 1: network of solar panels and solar systems. And I can
• 25:19
  Speaker 1: see why solar can make sense in a place like California,
• 25:21
  Speaker 1: where it's sunny all the time, homes are big, a
• 25:25
  Speaker 1: lot of roof space you can lay at all the
• 25:26
  Speaker 1: solar panels. But in a place like Hong Kong, you know,
• 25:29
  Speaker 1: densely packed vertical cities, how can solar make sense here?
• 25:36
  Speaker 4: Yeah, I think it's true that in dense cities, rooftop
• 25:41
  Speaker 4: solar is not gonna solve the energy need. What you
• 25:47
  Speaker 4: can do is have ground mount solar power, let's say,
• 25:51
  Speaker 4: near Hong Kong, tapping into the existing power lines that
• 25:54
  Speaker 4: are coming in and so.
• 25:58
  Speaker 2: You can supply Hong Kong with solar power.
• 26:00
  Speaker 4: Just need to be coming from a land area that's
• 26:04
  Speaker 4: not too far away. And I mean, you know, China
• 26:08
  Speaker 4: has actually an enormous land area, much of which is
• 26:11
  Speaker 4: hardly occupied at all with given that the Chinese population
• 26:16
  Speaker 4: is so concentrated along the coast, once you go inland,
• 26:20
  Speaker 4: the population in some cases is remarkably tiny.
• 26:24
  Speaker 2: So you could easily power all of China with solar.
• 26:29
  Speaker 1: All of China with solar. Yeah, no, no, easy, the world's
• 26:35
  Speaker 1: most populous country.
• 26:36
  Speaker 2: Ye, definitely wow. Yeah.
• 26:46
  Speaker 1: Okay, let's let's go even more way out there and
• 26:49
  Speaker 1: talk about SpaceX, your CEO of SpaceX, and you've said
• 26:53
  Speaker 1: that your ultimate goal is to get humankind to Mars.
• 26:57
  Speaker 1: I've heard your response to the question, but these guys
• 27:00
  Speaker 1: to hear it. Why is Mars important? Why does Mars matter?
• 27:04
  Speaker 2: Sure?
• 27:04
  Speaker 4: Well, I think the it's really a fundamental decision we
• 27:07
  Speaker 4: need to make as a civilization.
• 27:12
  Speaker 2: You know, what kind of future do we want?
• 27:13
  Speaker 4: Do we want a future where we are forever confined
• 27:15
  Speaker 4: to one planet until some eventual extinction event, however far
• 27:18
  Speaker 4: in the future that might occur. Or do we want
• 27:20
  Speaker 4: to become a multiplanet species and then ultimately be out
• 27:25
  Speaker 4: there among the stars and among many planets, many star systems.
• 27:29
  Speaker 4: And I think the latter is a far more exciting
• 27:30
  Speaker 4: and inspiring future than the format.
• 27:34
  Speaker 2: And Mars is the next natural staff.
• 27:38
  Speaker 4: In fact, it's the only planet we really have a
• 27:40
  Speaker 4: shot at establishing a self sustaining city on. And I
• 27:45
  Speaker 4: think once we do establish such a city, there will
• 27:48
  Speaker 4: be a strong forcing function for the improvement of spaceflight
• 27:50
  Speaker 4: technology that will then enable us to establish colonies elsewhere
• 27:55
  Speaker 4: in the Solar System and ultimately extend beyond the beyond
• 27:58
  Speaker 4: our Solar system. And and so there's the defensive reason
• 28:03
  Speaker 4: of protecting the future of humanity en showing that the
• 28:06
  Speaker 4: light of consciousness is not extinguished should some calamity befure Earth.
• 28:10
  Speaker 4: But also and that that's the defensive reason. But personally,
• 28:14
  Speaker 4: I find the more the what what it gets me
• 28:18
  Speaker 4: more excited is is the fact that this would be
• 28:20
  Speaker 4: an incredible adventure, maybe like the greatest adventure ever, And
• 28:25
  Speaker 4: it would be exciting and inspiring. And there need to
• 28:27
  Speaker 4: be things that excite and inspire people. You have to
• 28:30
  Speaker 4: be you know, the reasons why you get up in
• 28:32
  Speaker 4: the morning. You can't just be solving problems. It's going
• 28:35
  Speaker 4: to be Yeah, something, something great is going to happen
• 28:37
  Speaker 4: in the future.
• 28:38
  Speaker 1: Yeah, we talked about this at length yesterday. It's it's
• 28:40
  Speaker 1: not an exit strategy or backup plant or human thought
• 28:43
  Speaker 1: Earth fails. It's also to inspire people on Earth, right,
• 28:49
  Speaker 1: and to transcend and to go beyond our.
• 28:54
  Speaker 3: Mental limits of what we think we can achieve, right.
• 28:57
  Speaker 2: I mean, I think sort of how incredible the Apollo program.
• 28:59
  Speaker 4: Why and just I mean, if you ask anyone and say,
• 29:04
  Speaker 4: name name some of humanity's greatest achievements in the twentieth century,
• 29:08
  Speaker 4: the program landing on the Moon would would in many
• 29:12
  Speaker 4: front most places be number one.
• 29:15
  Speaker 1: When will there be a manned SpaceX mission? And when
• 29:18
  Speaker 1: will you go to Mars?
• 29:22
  Speaker 4: We're pretty close to to do it, to sending crew
• 29:26
  Speaker 4: up to the space station.
• 29:28
  Speaker 2: That's currently scheduled for the end of next year.
• 29:30
  Speaker 4: Yeah, so that'll be it'll be exciting without Dragon two spacecraft,
• 29:37
  Speaker 4: and then.
• 29:40
  Speaker 2: We'll have a next generation.
• 29:43
  Speaker 4: Rocket and spacecraft beyond the Falcon Dragon series. And I'm
• 29:48
  Speaker 4: hoping to describe the that that architecture later this year
• 29:56
  Speaker 4: at the International Astronautical Congress, which is like the big
• 29:59
  Speaker 4: internationals events every year.
• 30:02
  Speaker 2: So I think that that'll be quite exciting.
• 30:05
  Speaker 4: And in terms of me going, I don't know, maybe
• 30:10
  Speaker 4: four or five years from now, maybe going to the
• 30:11
  Speaker 4: space station would be nice.
• 30:13
  Speaker 3: Oh wow.
• 30:14
  Speaker 4: And and then in terms of the first of flights
• 30:18
  Speaker 4: to Mars, and we're hoping to do that in the
• 30:20
  Speaker 4: in around twenty twenty five.
• 30:23
  Speaker 1: I'm sorry, in twenty twenty year, twenty twenty.
• 30:25
  Speaker 2: Seven, nine years from now, they'reabouts.
• 30:28
  Speaker 3: Oh my goodness, that's just around the corner.
• 30:30
  Speaker 2: Well nine years are you? So? Are are you?
• 30:37
  Speaker 3: Are you doing zero gravity training?
• 30:40
  Speaker 2: I've done the parabolic flights. Yeah, okay, those are got fun.
• 30:44
  Speaker 1: But you must be reading up and doing the physical
• 30:47
  Speaker 1: testing to get ready for this, the ultimate flight of
• 30:50
  Speaker 1: your life.
• 30:54
  Speaker 4: I don't think it's that hard, honestly, I mean, float
• 30:58
  Speaker 4: around thought that hard.
• 31:00
  Speaker 3: I know you've seen the Martian.
• 31:02
  Speaker 1: We've talked about the margin, and it's like the hardest
• 31:04
  Speaker 1: thing anyone could ever do. Is there's getting there and
• 31:07
  Speaker 1: also surviving and trying to anticipate everything that could go
• 31:11
  Speaker 1: wrong and make sure it doesn't happen. You can tell
• 31:14
  Speaker 1: I'm not going to be signing up for your man's
• 31:16
  Speaker 1: space flights when they take place.
• 31:18
  Speaker 4: Why do you think, I mean, going to Mars is
• 31:20
  Speaker 4: definitely going to be It's going to be hard and
• 31:23
  Speaker 4: dangerous and you know, difficult and probably every every where
• 31:27
  Speaker 4: you can imagine.
• 31:28
  Speaker 2: But so it certainly wouldn't be you.
• 31:31
  Speaker 4: Know, if you're if you're if you care about sort
• 31:34
  Speaker 4: of being safe and comfortable, going to Mars would would
• 31:36
  Speaker 4: be a terrible choice.
• 31:37
  Speaker 1: Yeah, and this and this is at the heart of
• 31:40
  Speaker 1: who you are because you, to quote Pink Floyd, you
• 31:43
  Speaker 1: do not like to live a comfortably numb life. You know,
• 31:47
  Speaker 1: you take on incredible risk to take on in entrenched,
• 31:52
  Speaker 1: big established industries and to shake and rattle them up
• 31:55
  Speaker 1: and to introduce something new.
• 31:57
  Speaker 3: And it's it's so cool to watch.
• 31:59
  Speaker 1: And I think that that's why everybody here is signed
• 32:01
  Speaker 1: up to come here and to listen to you, just
• 32:03
  Speaker 1: to hear more about that. People want to be more
• 32:08
  Speaker 1: like you, really so, and for the fate of humankind,
• 32:15
  Speaker 1: I think it would be great to have more Elon musks.
• 32:18
  Speaker 3: So what do we need to do to become more
• 32:21
  Speaker 3: like Elon?
• 32:24
  Speaker 2: I don't know if it's I think maybe sounds better
• 32:26
  Speaker 2: than it is.
• 32:32
  Speaker 4: Yeah, I you know, I mean honestly, like, like, there's
• 32:39
  Speaker 4: a friend of mine he's got a great saying about
• 32:41
  Speaker 4: creating a company, which is creating. Trying to build a
• 32:45
  Speaker 4: company and have it succeed is like eating glasses staring
• 32:48
  Speaker 4: into the abyss. So I mean what tent's happened is
• 32:52
  Speaker 4: it's sort of quite exciting for the first several months
• 32:55
  Speaker 4: of starting a company, and then then reality sets in.
• 32:59
  Speaker 2: Things don't go as well as planned, Customers on signing up, the.
• 33:02
  Speaker 4: Technology of the product isn't working as well as you thought,
• 33:06
  Speaker 4: and then can that conseronnais to be compounded by a
• 33:09
  Speaker 4: recession and it can.
• 33:12
  Speaker 2: Be very very painful for several years.
• 33:17
  Speaker 4: So I think pranktically starting a company.
• 33:22
  Speaker 2: I would advise some people to have a high pain tolerance.
• 33:25
  Speaker 1: And thanks for reminding us of the harsh, very harsh
• 33:28
  Speaker 1: and brutal reality of launching a startup. You know, there
• 33:33
  Speaker 1: is that Elon Musk slash Tony Stark mystique.
• 33:36
  Speaker 3: You know, people think you know you.
• 33:37
  Speaker 1: Are Robert Downy Junior modeled his character Tony Stark iron
• 33:40
  Speaker 1: Man on you. It's it's easy, it's fun, you're a
• 33:44
  Speaker 1: superhero Titan of industry.
• 33:46
  Speaker 3: But it's really hard.
• 33:48
  Speaker 1: It's it's really difficult, and it's something that requires perseverance
• 33:52
  Speaker 1: and grit. Do you fear that maybe in this generation
• 33:57
  Speaker 1: or the younger generation, that they don't have the perseverance
• 34:01
  Speaker 1: and grit to take on these really tough challenges.
• 34:05
  Speaker 4: I think some people do, and but but no, I
• 34:10
  Speaker 4: think it's definitely true that. I mean, maybe there are
• 34:13
  Speaker 4: occasionally companies that get created where there's not an extended
• 34:18
  Speaker 4: period of extreme pain, but but I'm not aware of,
• 34:22
  Speaker 4: you know, very many of such instances. And so but
• 34:28
  Speaker 4: I do think that that you know, new great entrepreneurs
• 34:32
  Speaker 4: are born of every day and we'll continue to see
• 34:37
  Speaker 4: amazing companies get built. So yeah, but I but I
• 34:43
  Speaker 4: would definitely advise people for starting a company to expect
• 34:51
  Speaker 4: a long period of quite high difficulty. But I mean,
• 34:56
  Speaker 4: as long as people take super focus start creating the
• 35:00
  Speaker 4: absolute best product or service that really delights their end customer.
• 35:05
  Speaker 4: If they stay focused on that, then if you're basically
• 35:10
  Speaker 4: if you get at such that your customers want you
• 35:12
  Speaker 4: to succeed, then then you probably will.
• 35:15
  Speaker 3: All Right, you have to focus on the customer delivering
• 35:18
  Speaker 3: for them.
• 35:18
  Speaker 4: Yeah, make sure if your customers will, your adds of
• 35:22
  Speaker 4: success are dramatically higher.
• 35:24
  Speaker 1: All the entrepreneurs in this in this room, they're they're
• 35:26
  Speaker 1: listening to that message, and you know, we're running out
• 35:29
  Speaker 1: of times.
• 35:29
  Speaker 3: So this is the final question.
• 35:32
  Speaker 1: This is for the budding entrepreneurs in the room who
• 35:33
  Speaker 1: could take an Elon Musk idea and run with it.
• 35:36
  Speaker 2: I mean, quite.
• 35:36
  Speaker 1: Famously, hyperloop is the idea that you had to give
• 35:39
  Speaker 1: away because you just don't have enough time to deal
• 35:42
  Speaker 1: with it. What what are the other ideas that you
• 35:44
  Speaker 1: have that you would love to see another entrepreneur just take.
• 35:48
  Speaker 4: On and go well, I think there's a lot of
• 35:51
  Speaker 4: opportunity in general, in electrification of transports, so electric aircraft.
• 35:57
  Speaker 4: I think there's there's a lot of opportunity there. I
• 36:01
  Speaker 4: think in in genetics, so it's it's that's sort of
• 36:04
  Speaker 4: a thorny area, but I think that's in terms of
• 36:07
  Speaker 4: solving some of them more intrangent and tangent diseases, genetics
• 36:11
  Speaker 4: are really key to solving those. Something that I think
• 36:16
  Speaker 4: people may be only beginning to look at is establishing
• 36:22
  Speaker 4: some kind of brain computer interface.
• 36:25
  Speaker 3: So brain computer interface, yeah.
• 36:28
  Speaker 4: At the at the neuron level. So this is sort
• 36:32
  Speaker 4: of intelligent intelligence augmentation as opposed to artificial intelligence, right,
• 36:38
  Speaker 4: And I think that that is that has a lot
• 36:41
  Speaker 4: of potential.
• 36:42
  Speaker 3: You mentioned to me this to me yesterday.
• 36:44
  Speaker 1: I really had kind of no idea what you were
• 36:46
  Speaker 1: talking about, and then I looked up Ian Banks neural lace.
• 36:51
  Speaker 3: That's right.
• 36:52
  Speaker 1: And so it's this concept of you know, wiring the brain.
• 36:55
  Speaker 1: So it's either we could there could be a brain internet,
• 37:01
  Speaker 1: and it could also mean that we can upload our thoughts.
• 37:05
  Speaker 3: To the cloud.
• 37:06
  Speaker 4: You would never forget anything, You wouldn't need to take photographs.
• 37:12
  Speaker 1: Yeah. Oh no, it's incredible. I mean it's you would
• 37:15
  Speaker 1: never forget anything. You would expand your your ability to
• 37:21
  Speaker 1: process information, to remember information.
• 37:23
  Speaker 3: Right.
• 37:26
  Speaker 1: But then but then when the denial of service attack happens, you're.
• 37:30
  Speaker 2: Gonna watch out for hacking. That could really be real
• 37:32
  Speaker 2: good after that.
• 37:34
  Speaker 1: But also and then I read it can also be
• 37:36
  Speaker 1: used to fight degenerative diseases.
• 37:37
  Speaker 3: Like Parkinson's too.
• 37:39
  Speaker 4: Yeah, absolutely, yeah, yeah, And I think it actually would
• 37:42
  Speaker 4: be quite quite an equalizer as well, because I think
• 37:45
  Speaker 4: the delta between uh, you know, like it would it
• 37:49
  Speaker 4: would sort of even things out.
• 37:51
  Speaker 2: I think you mean a.
• 37:52
  Speaker 1: Human kind people would be there would be no education disadvantage.
• 37:57
  Speaker 1: Everyone would be starting at the same level. Yeah, so
• 38:00
  Speaker 1: there would be no meritocracy.
• 38:02
  Speaker 3: No, there would be meritocracy.
• 38:04
  Speaker 4: There would be, but it would be that their differences
• 38:06
  Speaker 4: would be smaller, the delta would be smaller probably.
• 38:09
  Speaker 3: Wow, And you really welcome that kind of world.
• 38:13
  Speaker 2: All right, welcome.
• 38:14
  Speaker 4: You asked for predictions, Okay, for predictions, they're not the
• 38:18
  Speaker 4: same as the preferences. So I mean, do I think
• 38:23
  Speaker 4: something like that is likely to occurred?
• 38:24
  Speaker 2: I think probably.
• 38:26
  Speaker 3: Wow. Yeah, well it's incredible.
• 38:28
  Speaker 1: We could go on and on. Unfortunately we have to
• 38:30
  Speaker 1: wrap and leave it that. Let's let's give it for Ilas.
• 38:32
  Speaker 1: That was really awesome.
• 38:33
  Speaker 3: Thank you so much.
• 38:34
  Speaker 2: Thank you,