Latest / Elon Musk Podcast / Elon Musk says Tesla will be worth $4 Trillion Dollars

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Elon Musk says Tesla will be worth $4 Trillion Dollars · Elon Musk Podcast

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Hello everybody and welcome back to the Elon Musk podcast.
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Today we have two topics to discuss.
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One of them is Twitter or X and the other is Tesla.
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But for let's talk about Tesla first, because it's right on the
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tip of my brain here. And Elon Musk, of course, is
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making a ton of money through Tesla, but he wants to make even
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more money with the brand now. He's a leader of Tesla right now
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is He's confidently projecting that the company could touch the
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phenomenal mark of $4 trillion in valuation.
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So this prediction is bold, naturally bound to attract
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attention, scrutiny in both support and skepticism in the
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financial and automotive sectors as well.
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Behind Musk in this bullish stance is Ron Baron, a
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billionaire investor who has been a staunch supporter of Musk
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for a considerable period. Parents optimism isn't
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restricted to Tesla though. He anticipates even bigger
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returns when Musk's venture, SpaceX, opens its doors to
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public investment. Elon Musk has been on record
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numerous times saying that he does not want to take SpaceX
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public, though maybe a branch of it for Starlink, but not the
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whole company. So let's get back into Tesla.
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Tesla's road map to such a hefty valuation isn't based on mere
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speculation or wishful thinking. There are tangible products and
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innovations going forward. Chief among them is the full
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self driving suite. They've been working on this for
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a while. Musk's perennial assurance since
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2015 has been that Tesla is on the cusp of mastering this
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technology. Yet the reality as of 2023 is
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that Tesla's full self driving remains at the Level 2 SAE
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autonomous category. The aspiration of course, is to
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achieve the pinnacle Level 5. This would fundamentally change
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how we perceive transport now. This will enable Tesla's
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proposed Robo taxi fleet where vehicles could autonomously
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ferry passengers even as the car's owner is resting.
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Come and pick you up, take you to where you're going to and
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another vehicle would come and pick you up there and take you
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to another place or back home. But full self driving isn't
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Tesla's only card in its ambitious play towards the $4
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trillion valuation. The company's eyes are set on
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global domination. In the EV market, this would
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mean producing and selling millions of E VS annually across
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various global markets. Key to the strategy is the
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introduction of new Gigafactories in the rollout of
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affordable car models, a plan that's been on Tesla's strategic
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board for years now. Musk's vision is clear and he
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acknowledges these challenges, stating we do need to knock the
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ball out of the park several times to achieve that value, but
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I think we can. Market reactions to these
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projections, however, have been a little bit mixed and while
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there was a surge of 67% in Tesla shares this year, they
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haven't quite made a full recovery from the slump
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experience in 2022. Now Tesla's journey in the stock
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market is akin to a roller coaster ride with highs such as
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67% increase in stock value. And there have also been lows
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like a significant decline in October due to factors like
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underwhelming quarterly results and moderated excitement about
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the cyber truck. And nonetheless, glimmers of
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hope persist. Recent data showcases A slight
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increase in Tesla sales in China, suggesting that the
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market still has faith. Last year, Musk made headlines
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with this claim that Tesla's valuation might even eclipse Tex
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mammoths like Apple. While the stock has been a edit
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this out, while the stock has seen a dip since that
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proclamation, the vision remains undeterred.
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Now, Ron Barron's take on the future trajectory of Tesla is
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especially noteworthy, though in his eyes, Tesla is poised to be
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more than just a pioneering car company.
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He believes that its influence will be paramount in the battery
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technology sector. Drawing an analogy with Intel's
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ubiquitous presence in the computer industry, Baron sees
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Tesla as a driving force behind autonomous technologies adopted
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by other vehicle manufacturers. Now, if these predictions hold
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water in the combined visions of Musk and Baron come to fruition,
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a $4 trillion valuation for Tesla may become a reality,
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turning skeptics into believers. Now let's move over to Twitter.
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This is kind of a weird one, so bear with me on this one.
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Elon Musk recently acquired Twitter about over a year ago,
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and his decision was rooted in what he perceives as a defense
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against a mind virus. He said this on Joe Rogan, and
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this term as explained by Musk signifies the modern
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progression. Edit this out signifies the
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modern progressive ideologies or quote woke thinking, which he
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believes has a deteriorative impact on society.
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And Musk's comments came to light during a candid interview
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on Joe Rogan. Rogan probed him about the
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purchase, and Musk's perspective revealed A profound concern over
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the direction in which modern society and thought processes
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are headed. The Musk painted a really bleak
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picture of downtown San Francisco, likening it to a
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zombie apocalypse. He posed the thought provoking
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question about the philosophy that could lead to such a
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deterioration. He contended that ideologies
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which otherwise would have been limited to niche groups and
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specific geographies found a potent tool in information
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technology. This enabled them to spread
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their ideas or the so-called mind virus far and wide.
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Drawing an analogy with a dismal state of San Francisco, Musk
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alluded to the harmful effects of such ideologies.
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Broken in agreement equated the mind virus to a death cult,
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emphasizing its detrimental influence on humanity and
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civilization. Now the drama surrounding Musk's
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acquisition of Twitter was noteworthy.
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Following his initial $44 billion bid for the platform in
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spring of 2022, Musk sought to retract his offer.
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His withdrawal was based on suspicions of bot activity,
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which he believed was falsely inflated Twitter's daily active
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user metrics. However, in A twist and a turn
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of events, Twitter retaliated with a lawsuit to uphold Musk's
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bidding offer. By the end of 2022, Musk
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conceded and finalized his acquisition.
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His critique of woke ideologies is not new.
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In the past, he expressed concerns over the perceived
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suppression of certain viewpoints on social media
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platforms like Twitter, especially under his previous
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management. Now, Musk's business decisions
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often intertwine with his political stances.
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His relocation of Tesla from Palo Alto, CA to Austin, TX in
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October 2021 serves as an example.
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This move came a year after he labeled California's COVID
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health directives as fascist, and despite cautioning Austin
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about becoming a replica of San Francisco.
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Tesla's corporate hub remains rooted in Texas, with his
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engineering headquarters reverting to Palo Alto Now.
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Thank you so much for tuning into the Elon Musk podcast
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today. This episode we went over a few
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different things, Tesla and also Twitter.
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And if this episode added to your knowledge and your
7:04
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Remember, our episodes are designed to be concise, clocking
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in at 10 minutes or less. So until next time, take care of
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yourselves and each other and I'll see you in the next one.