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Elon Musk at CodeCon 2021 Full Interview · Elon Musk Podcast

0:00
Hello everyone. We were bond is opening today.
0:09
It's my favorite movie. So I felt like I had to do
0:11
something like that. Anyway, how you doing good?
0:14
How are you good? What's the mood of Elon today?
0:17
The mood could be anything. I feel good.
0:20
Hey yeah. We have a lot to talk about,
0:22
right? What star anywhere, you'd like
0:25
to go. Alright, China.
0:30
So currency what they're doing, that's my safe word by the way.
0:34
Okay good. Good.
0:36
What they're doing so currency. Yeah, that'll kill any later for
0:42
us, cryptocurrency to China. Yes, what they're doing around?
0:49
Pickling Etc and I'd like to Pivot to what the us is going to
0:53
do around regulation. Well it would appear that they
0:58
don't love crypto. Garza a is pierced?
1:01
Yeah yeah it's subtle but yeah, she's hinting that direction.
1:09
Yeah. So I can't speak to exactly why
1:14
they don't like it that much, but people can speculate for
1:18
various reasons. The Trident, whether it had is
1:22
having some significant electricity generation issues.
1:26
Yeah. So actually, I think part of it
1:28
may actually be due to electricity shortages in many
1:33
parts of China. So a lot of sounds from self
1:37
Trend right now is having random power outages, because Has the
1:43
power demand is higher than expected, so crypto might be
1:48
playing a role in that, I'm not sure this is further than that
1:51
is within that. Well, I suppose, I could record
1:56
see is fundamentally aimed at reducing the power of a
2:00
centralized government. Yes.
2:02
Isn't that they don't like that. Okay, that's my guess.
2:06
Okay, so what do you think's going to happen?
2:08
Because I mean maybe the owners has otherwise, there's went up.
2:12
I didn't matter after they announced this went down and
2:15
they went up. You can change the shares of
2:17
cryptocurrency more than China kit.
2:21
Yeah. Is that a good thing?
2:24
Oh, If it goes up, I suppose it is.
2:31
But I mean, I think there's an obvious long-term role for for
2:37
crypto and you know, really people should think of any kind
2:43
of money system, whether its historic value, or currency, as
2:48
really a form of information. If you apply information Theory
2:51
to money with us cryptocurrency or some other form and Accurate
2:56
in terms of how good is it at? Your bad vibes or bandwidth
3:02
latency Jetter dropping packets. Which was good to like, fraud is
3:09
like losing packets or something on the network and you know,
3:14
it's overall security. Then I think a lot of these
3:19
things just seem just make, make a lot of sense in that Sharon
3:22
had regard. Like, any form of money, has no
3:25
power in and of itself, except as an exchange of value between
3:29
people for goods or Isis or to translate things in time like
3:35
alone. So is this the right thing for
3:37
governments to do to take control of it, is it possible?
3:41
It is not possible to, I think destroy crypto, but it is
3:48
possible for governments to slow down its advancement.
3:53
So what you do with government do we had Gary Gensler on
3:56
earlier as he chairman, he was calling it, the wild west of
4:00
Finance, what should they do if anything.
4:04
I would say do nothing. Okay, they're not saying that.
4:09
yeah, I mean I wouldn't are seriously, just let that one
4:13
because Well, what do you think government can do?
4:20
I think they can like you said, any, they can ruin it.
4:22
I don't think they can just slow it down.
4:24
I think they can stop it. I don't think they can control
4:27
it and therefore, they may want to stop it.
4:31
Yeah, I'm Owen said, I was some massive, cryptocurrency expert,
4:39
you know. I think the there's some value
4:42
to cryptocurrency. I don't think it's like the
4:44
stuff the second coming of the Messiah.
4:46
Which so you will think, think You know, it's a it will
4:52
hopefully reduce the error and latency in the money system, the
5:00
Legacy money systems and reduce the yeah me just you know
5:04
governs have a habit of editing the money database, which is
5:08
like probably some ancient mainframes somewhere in
5:11
Virginia. Ryan kobol, if why it's got a
5:15
bleak to think about that. But so you know, when
5:21
governments can't give the hand out of the cookie jar and edit
5:24
the money database. There's probably some values
5:26
that. Okay, so what are you, you're
5:28
saying, you're not an expert, but you spend a lot of time
5:31
tweeting about it. Now, you tweet about a lot of
5:33
things will get to that in a minute.
5:35
But why is that what white that's true?
5:38
Why is that of interest to you Krypto?
5:40
Because you become say the crypto Messiah, but supportive,
5:45
as I think that's going to be loaded.
5:49
Well, I mean, I mostly don't treat it right crypto.
5:51
This is a minority of small number tweets.
5:54
Okay, so I do know a lot about the money system in payments and
6:01
how it actually works as opposed to say how economists think it
6:05
works on a practical basis just how money money is just a risk
6:12
that the monetary system is a series of heterogeneous
6:14
databases that are not. Real Time with the exception of
6:18
PayPal and a few others and engage.
6:22
And so reconcile on a batch basis that that may take
6:26
anywhere from 24 hours to several days and it's just it's
6:32
low that's just a lot of latency and Jitter and the ACH system is
6:38
as basically no security. So this is just been the, it was
6:43
that way when PayPal started in 99 and it's Still that way. 22
6:48
years later. Yeah.
6:52
So now I want to move on to when China want to stick with China
6:56
for a second. He or operating they're selling
6:59
their. What do you make of what they're
7:01
doing to the tech entrepreneurs there they take mobiles.
7:07
Well, hmm. Where is Jack Mana?
7:13
There is true. You know, I do not know.
7:17
I'm spirit means to find out. Guess I will maybe I don't know.
7:28
I think there's this there are that there are some changes of
7:32
what in China. I think part of this may be
7:39
actually covid related in the sense that it's been quite
7:44
difficult to have in-person meetings in China and trying to
7:47
really runs a whole system is set up to run on the basis of
7:52
in-person meetings. And the absence of have these
7:56
meetings who past 18 months, I think has probably led to Things
8:04
being worse than they would be if they were more in person
8:08
meetings. So I think as covid lifts and
8:11
the in-person meetings return, I think the I think probably there
8:17
will be an increase in the in the sort of trust level and I
8:20
think things will probably start heading in a more positive
8:23
direction, trust level between Tech and the government.
8:26
Yeah, both internally within China and with respect to fuel
8:31
from the US and other countries going visiting and meeting with
8:34
Visuals in the Chinese government.
8:35
Now it's just it China is very much set up to work with the
8:39
in-person meetings and so code word, I think, is impeded that.
8:44
So I think I think things will improve most likely as the
8:49
in-person meeting. We should resume they feeding
8:51
these antitrust actions because they couldn't say hello.
8:57
I think it's not all of it could be ascribed to that but it's a
9:02
Some of it can't be. Yeah, so everyone will see.
9:10
I thought I suspect things will improve next year because of
9:15
just better more interaction nervous about what you're doing
9:18
there. It's a big market for you.
9:20
It's a you've operate there. Yeah.
9:25
We've got a big Factory in China which is doing very well at
9:28
Tesla trying to tell that the Tesla China team is doing great
9:32
work and we would do well with it is selling in the Chinese
9:37
market was Selling cars for China, and for export to Europe.
9:42
So, overall, things are going pretty well, frankly, no worry
9:46
about us, China relations. I don't, it's not, No not
9:52
tonight, especially right now, especially all right, so let's
9:55
talk about space. You had a recent space, you will
10:03
set up a bunch of civilians into space.
10:05
Yeah, send yourself up. No, I'm not.
10:08
So myself up. I suppose I will at some point
10:12
but my goal is not to set myself up.
10:14
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And Fluidly set us on a path to becoming a spacefaring
12:31
civilization and multi-planet species.
12:33
Yes. So you don't want to go up
12:36
yourself. It's neither here.
12:38
Nor there. I will go at some point.
12:40
Do you think of the other efforts to go suborbital?
12:45
Several ball is several, is a step in the direction of orbit,
12:49
which so we're just to put things in perspective.
12:58
You need about 100 times more energy to get to orbit that
13:03
versus settlement and then to get back from over.
13:06
Do you need to burn off that energy.
13:07
So you'd like heavy-duty heat shield, because you're coming in
13:10
like a media. So, So like orbit is roughly
13:16
toward as magnitude. More difficult, then then some
13:18
of it. But it's still no good to do
13:21
something in space. Hey, what do you think watching
13:24
those both Richard Branson and Jeff Bezos?
13:28
You think that I thought it was cool that they're spending money
13:34
on the advancement of space. I think we ultimately want to be
13:38
Humanity, wants to be, should want to be a spacefaring
13:42
civilization, and out there among the stars and we weren't,
13:45
I think we really want to know all these things that we see in
13:51
science fiction movies and books.
13:52
Like, you know, we want those to be like Real one day not always
13:57
fiction. I also, I think it's good that
14:01
people are spending the money advancing space technology.
14:03
So last time we talked and talked a lot about space.
14:06
We talked about a whole bunch. We talked about me flaps which
14:09
was elon's word for speaking. Yeah.
14:12
A flapping arm. Yeah.
14:14
Slow tonal wheezing. Yes.
14:15
That's right. When I sound like a regular soy
14:19
sound like to a computer, like whale sound slowed down, so you
14:23
can talk about space. So let's talk a little bit about
14:25
Where you think you've enhanced with what you're doing because I
14:29
think you're probably the most fast forward.
14:33
That would be. So with respect to Space X.
14:38
Let's see this too, besides overlooking a space flight and
14:46
providing transport for NASA astronauts and cargo to, and
14:51
from the space station, which we've been doing for a while
14:53
now, over a decade. We are, we have something called
14:59
starlink, which is a global internet system and this is I
15:03
think going to have some Profound positive effect on the
15:06
world because there's a strong link is really designed to serve
15:09
the least served. Yes, 1300 satellites are right
15:13
now. Is that correct?
15:14
Fifty fifteen hundred years? Want to put 30,000?
15:18
Yeah. I'll get to space pollution in a
15:21
minute but explain the reasons for ya.
15:25
So in order to provide high-bandwidth low-latency
15:28
connectivity, to a large number of people, you need a lot of
15:34
satellites and they need to be at lower voltage.
15:37
So that latency is is low. The problem with satellites that
15:42
are at to geostationary orbit is that they are, you know, around
15:45
36,000 km whereas we are at 550 M.
15:50
So, gigantic difference in latency over for the stalling
15:58
system, you could play like a competitive video game.
16:02
That's latency dependents and still be able to play it with
16:04
Sterling. It's like browsing a terrestrial
16:07
systems, essentially, and strong.
16:12
Like is really just be clear, not a threat 25g or terrestrial.
16:19
Fiber or anything like that, it's but it's very well suited
16:23
to low to medium density regions of the earth places that where
16:29
it is too expensive to trench fiber or put cells 25g, cellular
16:36
base stations. And so it's really a good.
16:40
It kind of Takes care of the people that just didn't even get
16:45
internet. Would wipe you either errands to
16:47
too slow or too expensive, but there's don't have it at all.
16:50
It's very well suited. I space based system for serving
16:53
like the least served maybe 5% or something like that.
16:56
How big part of your space business?
16:58
Is it from your perspective? How many think it's quite
17:03
significant in that the launch side of things?
17:07
Just just launching other people satellites and serving the space
17:10
station probably tops out around, you know, three or four
17:13
billion dollars a year of Revenue.
17:15
Whereas if we can get to say 3% of global internet traffic, then
17:21
that that's and that's roughly a trillion dollar a year business.
17:24
Then we can increase our Revenue by an order of magnitude one,
17:27
like the 30 billion or something like that.
17:30
And And, and then we can use the proceeds from that to develop
17:34
the rocket technology necessary to get Humanity to Mars and to
17:39
the moon and elsewhere in the solar system.
17:42
So that that's up to them. So I think it's tonic is good in
17:47
and of itself for providing like said it, providing internet
17:52
access to the least served in the world and it's a
17:56
fundamentally good thing that respect and also offering a
18:00
little bit of competition. Cities all over the world
18:04
starting can really maybe a serve less than 5% of people in
18:08
a city. It's just because the way the
18:11
the spot beings from space are very big.
18:13
So anyway it's a very nice compliment and a necessary
18:18
complement 25g and fiber. So and likes it will provide a
18:28
revenue stream for us to develop our next One rocket, which is
18:32
Starship with Starship that we're trying to achieve the
18:37
fundamental breakthrough. That is the Holy Grail of
18:41
rocketry. That is to have a fully reusable
18:45
over rocket. This is extremely fundamental
18:51
with Falcon 9. We have a mostly reusable
18:54
rocket. She recently proved landed
18:56
correct. We've been learning for quite a
18:59
while now, but so we In fact, a number of our boosters are on
19:03
their 10th reflecting. So we've shown that, reusing the
19:12
Boost stage it is can be done and that it is economically
19:17
sensible to do so difference in price, Between our Republic 9
19:23
competitors using a reusable rocket.
19:26
Oh yeah, sure. So it's really gigantic with
19:32
about with Falcon 9. We saw have to lose the upper
19:37
stage and you can think of each stage being like, the equivalent
19:40
of a jet airplane. So the first stage is like, the
19:43
big jet airplane Opera stage, is the small jet airplane.
19:46
We sold throw away the small jet airplane, every time.
19:49
So, So if L can I is able to be the most competitive Rocky to
19:53
the world because we recover the group stage in the fairing but
19:56
that that but still our best case marginal cost of launch not
19:59
taking into account overhead. Allocation is about fifteen
20:03
million dollars per launch. Yeah, for 15 Tons to of it
20:07
that's which is quite big like SpaceX over the last year or so
20:13
has delivered about I think roughly two-thirds of all
20:19
payload to orbit of Earth. Earth and most of the remaining
20:21
third is China. And then everyone else is kind
20:25
of their miscellaneous. So so here it says so but we
20:32
still have a full 15 million dollars because of the most
20:35
because it's a cost differential between that and what you're
20:38
aiming for. Yeah.
20:40
So Because the Falcon 9 is effectively about half to a
20:48
third the cost of Alternatives because of the ReUse of the
20:53
group stage with Starship, we should be able to get to the
20:58
point where it's maybe one percent of the cost of an
21:05
expandable system. So that would just be a million
21:08
book, right? Or yeah.
21:10
The marginal cost of launch everything can be We could be
21:17
potentially under a million dollars, so is anybody court for
21:21
over? 100 tons?
21:21
Drove it a hundred more dope than 15 years of 50s, 100 100
21:26
tons, likely, and with refinements of the design,
21:29
probably 150 tons. So essentially, it's it would be
21:35
10 times the payload of Falcon 9 4. 15 times lower cost so it's
21:43
really happening hundredfold better units, really profound
21:48
essentially with with Starship. It is possible to make the
21:54
economics clothes for creating a self-sustaining City on Mars and
21:59
a base on the moon for those who want to go there.
22:01
And so it's really very, very profound development.
22:07
And that's what I'm spending, most of my time.
22:10
I'm on is driving the development of Starship Stars
22:14
him, so you can go to Mars or you one civilization on Mars, a
22:19
civilization on Mars. So, what's first that movies or
22:23
vice versa? Correct.
22:24
It is closed. So we might as well.
22:26
Okay, might as well as practically right there.
22:29
You know, he will you, you got a contract with the defense
22:34
department, to do a lunar lander, which from NASA, from
22:38
NASA, which is Been disputed by Jeff Bezos?
22:42
Yes. How do you feel about that?
22:46
Well, I think I've expressed my thoughts on that front, you
22:51
know. If if I think you should put
22:55
more energy into getting to orbit then lawsuit, you can't,
23:04
you cannot see all the way to the Moon.
23:06
Okay. You know what?
23:09
How good your lawyers on? Yeah.
23:12
So, why is he doing that? I don't know.
23:14
It's like to make fun of his rocket.
23:16
I know make fun of each other's Rockets.
23:20
I mean I think it does have. I mean it could be a different
23:25
shape. Potentially, you know, Could you
23:35
explain from a technological point of view?
23:37
Why it's that Jade? Well, if you are only going to
23:43
doing suborbital than your rocket can be, sort of shorter?
23:47
Yes. Oh, have you called and said
23:56
that shit? Get bigger.
23:58
What I'm going to have it. I've encouraged Him to emphasize
24:03
getting to orbit? Yes, talk to him.
24:07
I'm not gonna lie. What is it?
24:10
Mine he'll never understand. What do we do, sir?
24:18
So what so what are you going to do with the lunar lander and how
24:22
do you get the moon base there? Yeah.
24:25
So Starship is designed essentially as a general-purpose
24:33
transport system to anywhere in the solar system because it is a
24:37
propulsive liner and with the propulsive lender you can land
24:42
anywhere that's got a solid surface.
24:45
So and it's also designed for orbital refilling so you can get
24:53
the starship. To move it and then send tanker
24:57
flights to refill it so that it has tremendous, Delta velocity.
25:02
Basically, it can go very far from Earth orbit because you can
25:07
refill propellant moon base of the board and because, um, Well,
25:14
I think that the moon base that I mean, certainly is like a lot,
25:16
we can learn scientifically. If we had a proper laboratory in
25:19
the moon about the nature of the universe and you know where we
25:24
all came from the early history of Earth and that kind of thing.
25:27
Yeah we have a science station in Antarctica and we're still
25:30
learning a lot from our activities in Antarctica and I
25:34
think we could learn even more on the roof.
25:38
So there's a lot of a lot of value I think to having a I
25:41
think if we just freaking cool Cool.
25:42
I mean, come on. It's like we're going to, you
25:45
know, Humanity. Let's got to represent here for
25:47
Humanity. You just have a base on the moon
25:50
but I think it won't be like the hell.
25:52
Yeah we got a base on the moon, that's cool.
25:54
Yeah. Or what are you doing?
25:58
Some of the science science science.
26:01
I think like a lot can be learned if you've got a sort of
26:05
a science station on the moon like you got a science station
26:08
and our Antarctica and many other places and I think that
26:15
there's I think there is value that in shouldn't be denigrated
26:19
for people who want to experience going to orbit or
26:23
going to the moon and you know when they do so and I think some
26:28
degree vicariously, we all go with them you know when when in
26:34
Apollo program when they landed on the moon.
26:37
Yeah I was just a handful of individuals on the moon but We
26:41
all went with them vicariously, we humanity went with them.
26:45
Like if you asked Peter to Paul of people on Earth and said to
26:49
me, what do you think is Humanity's greatest achievement
26:52
of the maybe ever was like landing on the moon?
26:57
You know, and that's inspiring. I need to kids everywhere.
27:02
So you just brought stand up for civilians is that space tourism.
27:06
You're doing and by the way, you have to be kind of Rich to do
27:09
it. Like, from what I understand, I
27:11
cannot afford to go to the moon, for example.
27:14
Yeah, I mean, I think, I think it's got a bit more gravitas
27:19
than, you know, metaphorically it figuratively and literally
27:25
more gravitas then. Yes, will be tourism.
27:28
It's not like going to Disneyland, you know, it's like
27:31
it's a more profound than that so sometimes people use tourism
27:36
in that sort of a negative way. But I think especially with the
27:41
inspiration light, I think they really I mean they, you know,
27:46
they filmed the whole thing in real time, you know, they shared
27:51
their experiences with the world is really cool group of people,
27:55
I recommend watching the neck. Alex show countdown penny.
27:59
I've talked about, it's awesome. I don't have anything to do with
28:03
it and and the production value on the Netflix countdown.
28:07
Documentary is amazing and you learn about the backstory of the
28:10
people and it's a it's actually super like this is for Science
28:17
and for saving Humanity presumably.
28:20
Yeah I think what what Rosen I think there was an element of
28:26
Tourism to it but I think You know, there's also, you know,
28:30
the technology is expensive and first, you can't just wait.
28:34
Try to develop brand new technology.
28:36
It doesn't instantly become cheap and affordable.
28:38
I think of like cell phones, and the only cell phones were were
28:42
really expensive and socked. You know, frankly like you know
28:47
usually like Wall Street one where, you know, he's walking
28:49
down the beach with the shoebox-sized cell phone on it,
28:52
you know, talking to and and so just like really expensive.
28:57
And the tech wasn't that great. But, but if, if, if some number
29:00
of people didn't pay for the expensive cell phones, they
29:03
would not be the inexpensive cell phones that everyone can
29:06
afford. So thank billionaires for going
29:09
into the base. I mean, you know, it doesn't
29:12
have to be top of yours. Thank you list.
29:14
But I mean it's not, I'm just saying that there's a nest.
29:18
When there's new technology, it is necessarily expensive until
29:24
you can refine the design and you can scale things up.
29:27
And then you can make it more affordable is a common
29:30
misconception that there's some but there's some new technology
29:33
especially if it's a physical object that you can just
29:35
suddenly make it cheap and available and and but you have
29:41
to have many design iterations and you got to scale up the
29:43
production and get economies of scale.
29:46
Like we had this argument against Tesla for a long time
29:49
because he will say like, well, why are you building this Tesla
29:52
Roadster back in the day? It's basically You know, it's an
29:57
expensive toy sports car for his people.
29:59
We're like yes, it is but there's no way we could build an
30:05
affordable electric car as our first car and if you know we
30:09
just didn't have the capital we didn't have the experience and
30:12
we needed to go through several technology iterations in order
30:15
to get to Something Like the Model 3.
30:18
I and I actually wrote A Blog about this because I knew people
30:23
would be like why are you making sports cars for rich people?
30:25
Rich people, as though, we thought there was somehow a
30:27
shortage of sports cars worth people.
30:30
We're obviously not but better. You just got to have, you got to
30:34
figure out the technology. You got to go through multiple
30:37
design. Like how do you make something?
30:38
Mass-market unaffordable many. Many design iterations, many,
30:42
many different versions, the technology a lot of hard work,
30:46
and then you've got to scale up the production rate, so you get
30:49
economies of scale and those two things are What Make Any Given
30:52
technology available to the public and basically, Every
30:56
technology that we take for granted today has gone through
30:58
that will be affordable someday. Yes, absolutely.
31:03
It has to be in order for it in order for moms to be a
31:07
self-sustaining civilization. It has to be affordable.
31:10
Missy that enough people need to go.
31:12
You know, why do you want people to go when you just keep saying
31:14
that because you're worried about this planet?
31:17
Are you just adding the odds are?
31:19
We'll either blow it up or no, it'll be the day after tomorrow.
31:22
Moving. no, I think it is this really You know, if you sort of
31:29
look, you know, just sort of stand back, just if you just if
31:34
you just step away from our Star internecine, squabbles and say,
31:38
let's look at the big picture here.
31:41
What set of actions can we take that maximize the probability?
31:45
That the future is going to be good for civilization and
31:48
Consciousness. And I think we should regard
31:50
Consciousness on Earth as delicate not, you know, just
31:56
fragile. And you know what sort of
31:59
actions can we do to ensure that it continues and that the scope
32:04
and scale of Consciousness expands and and I'm I'm in favor
32:10
of that expansion because like, you know, if we want to
32:15
understand what the universe was about, and what's the meaning of
32:20
life? And we need to get out there and
32:22
find out. And the more we expand the scope
32:26
and scale of consciousness, The better, we will be able to
32:29
understand what questions to ask about the answer.
32:31
That is the universe when you get a lot of criticism, say
32:34
about a starling space, pollution is a lot of stories
32:38
about space pollution. Why is he on putting some of
32:40
these astronomers get mad at you, or with the rocket?
32:45
So that you have these big defense contracts?
32:48
You're doing correct first time. Someone's broken into the area.
32:52
How do you meet those criticisms yours?
32:54
This is just small potatoes. What was what?
32:57
So with respect to the astronomers, we are in constant
33:02
dialogue with the leading astronomers, the world and
33:06
taking great pains to ensure that our satellites do not
33:09
interfere with their telescopes. And we're I believe, at this
33:15
point, they are satisfied that they will not.
33:18
So it we would like to retain great pains to ensure that the
33:22
satellites do not reflect or you know, otherwise interfere with
33:26
the That the telescopes including the most sensitive
33:29
telescopes. So, you know, maybe a few sort
33:34
of amateur astronomers who aren't happy, but the
33:36
professional ones are, are satisfied, that we were taking
33:39
reasonable steps to ensure that we are not standing in the way
33:42
of science nor would we ever want to.
33:44
And we're also looking at launching some new telescopes
33:49
using Starship because Starships much bigger vehicle.
33:52
We can launch satellites that have 10 times the resolution of
33:56
the Hubble. Which would be great for Science
34:01
and if I could go where we're at, there's an exciting program
34:05
working with soul Perlmutter at Berkeley on a big new space
34:12
satellite. As Space Telescope, I should
34:15
say, and I think we'll do, we'll do more of those.
34:18
I think, at the end that a Starship SpaceX are in it, do a
34:22
lot to advance our understanding of astrophysics.
34:27
X and stronger still wanted. He said to me, last couple
34:30
times. Can we talk you want to die on
34:33
Mars, you still want to die on Mars.
34:35
Well, Chestnut and Landing right?
34:37
Yes, yeah. It's not an impact, right?
34:41
Well, that would be spectacular. Yes, but it wouldn't get to
34:43
enjoy it. Much of s.
34:46
Also a narrative for the rest. Yeah, no, I was just asked Do
34:51
you want to die on Mars know? Like well I suppose if you're
34:53
going to pick both of my eyes and like, be cool, it's like the
34:57
born on Earth and down was, I'm not like trying to make a
35:00
beeline to for Mars and just, you know, dive or something.
35:07
It's just that I gotta pick one died somewhere.
35:11
Sure. Mars.
35:15
I'm going to need a lot of Astro.
35:17
I guess they're biologist. They're worried about
35:20
essentially they say. Have to be under the Earth.
35:23
Couple hundred feet. No, no, he's got short, but
35:25
we're not comfortable. A couple hundred.
35:28
Yeah, he's dead. This will have the time your
35:32
shielded by this of my Mars itself.
35:35
That's how the radiation is just the planet shielding.
35:38
You, and then you want to make maybe have like, I don't know.
35:44
Three feet of dirt to Dish on the roof or just to kind of a
35:48
thick roof. May be fine.
35:51
So you're not worried about becoming shorter and stupider,
35:54
by moving to Mars. I know, I think we might become
35:58
taller actually on Mars little bit little bit.
36:00
Well, yeah, because the gravity is roughly 40 percent out of us.
36:03
Yeah. That'd be good for me when you
36:05
think about it. I think I do.
36:07
Think there's like one thing was for if you think of the various
36:10
great filters, if you're familiar with a great great
36:13
filter thought, They're one of the filters is, do we become a
36:17
spacefaring, not a multi-planet species or not.
36:21
So that is, at least one of the, one of the great cultures and we
36:25
would be great to pass that and have be a multi-planet species.
36:33
Where the critical threshold is it on a form of Mars City.
36:39
If the resupply ships from Earth stuff coming for for any reason
36:43
whether that Is civilization on Earth, it could be a mundane
36:48
reason or could be World War 3, but there's Mars Prosper, or die
36:54
out. And if Mars is missing anything
36:57
at all, like the civilizational equivalent of vitamin C, then it
37:01
will eventually die out. So you need to get to the point
37:04
where the Mars city is self-sustaining.
37:07
Even if the ships from Earth stopped coming, then you have
37:10
passed the great filter only staff, particularly grateful,
37:13
sir. I think we should Endeavour to
37:16
pass that grateful. Sure.
37:18
As soon as possible. Well, He said pretty soon.
37:23
Last time we talked. Yeah I mean I think we should
37:25
really try hard to make it happen.
37:26
The century before the end of the century, actually pretty old
37:32
probably dead. Yeah, not on Mars.
37:36
Well, I mean, I'll pop over there when I'm older than you,
37:40
okay? So one of the things you're
37:42
doing is a lot of government deals.
37:44
You're doing this lunar lander. He did the rocket one.
37:48
You're getting billions from 2.9 billion dollars.
37:51
That right. Well, right now we're not
37:52
getting anything because we're being sued, right?
37:55
That's right. Oh sorry.
37:56
Okay yeah. But getting a lot of money
37:59
hopefully we'll get it right right when it's over.
38:02
Yeah. Thanks is what I mean most of
38:04
our launches are commercials if they're at Yes, I understand
38:07
that, but you're doing a lot of government work.
38:09
So, this is, what is that like working with the government?
38:13
Has an important your business? Yeah, I mean, it's an important
38:16
part of its important, part of business.
38:18
I mean, it just, just very, I mean, bear in mind.
38:20
It's like if you're in any industry, like let's say you
38:23
were a pencil manufacturer okay, about 40% of your pencils are
38:26
going to go to the government, the government about 40 percent
38:29
of the economy. You know, if your shoe
38:32
manufacturer you about 40% of your business is going to be
38:34
with the government. So You know, it's to be expected
38:37
that any any company is going to have a most companies going to
38:41
have a percentage of business with the government, state
38:46
federal local that is proportionate to the GDP of the
38:49
government. So, one of the criticisms of you
38:52
is you don't pay enough taxes. If any can you address that
38:57
because here you are getting money from the government.
39:00
You obviously want a functioning government to be able to build
39:03
all Chrome things and services. How do you look at that?
39:06
Right off. Well I mean it was a bunch of
39:09
very misleading stuff that was published by propublica and
39:14
really that was some sort of trickery and really that they
39:20
did themselves. No good service by by doing that
39:26
first, with respect to the government contracts, that
39:28
SpaceX ones. Our aspiration is to do the most
39:32
for the least. And if you look at all the
39:34
contracts we've won, we won. On them because we're the best
39:37
price. We have a better service at a
39:39
lower price they weren't just handed to us.
39:42
I don't think they are Emma. That's what I'm saying is that
39:44
you called me and said we finally got in after years of.
39:48
So we have this back sloppy I think it's a great thing that is
39:51
great. Absolutely.
39:53
I mean in the for the brutal and I just taking that as one
39:56
example, our bed was half the price of the new origin.
40:02
Lucky, but how so before A big deal that does basically 10
40:09
times more or eight times more baths, our price was half and
40:14
NASA has a mandate to get back to the moon.
40:16
So we save taxpayers like three billion dollars relative to that
40:21
contract. So I think that's that's a good
40:24
thing I with respect to it. My personal taxes, the I don't
40:30
actually draw a salary or anything, my cash compensation
40:33
is basically zero for a good thing.
40:36
Because income is a problem for most people.
40:39
I think they pay taxes on income.
40:42
That was the whole point of the story, I think.
40:43
Yeah. So I do have stock options that
40:48
best. And so in the years that the,
40:52
but I basically with Tesla SpaceX, I just have not really
40:58
bothered to sort of take money over the table, which is a
41:00
common. Most people do they sell some of
41:02
the stock, they take money off the table and for me, I just
41:06
Said I, you know, my man will be that sort of it was it was the
41:10
first in and I'll be the last out and successive phases and
41:15
tells was far from assured and there many times when it looked
41:18
like the companies would and they did they squirted
41:20
bankruptcy many times, but I never try to take money off the
41:23
table. And now this has been trying to
41:25
be turned around and made into a bad thing and I this is just
41:28
messed up. So, but when my stock options,
41:36
Just before I saw Cox options, if they expire, then I am forced
41:40
to exercise and my top marginal tax rate is 53%.
41:44
So I don't think that's particularly low and it's going
41:47
to go up next year. It's like probably fifty seven
41:49
percent or something any cell. Yes.
41:52
And I have a bunch of options that are expiring early next
41:58
year. So I'm that a huge block of
42:02
options will sell in Q4 because I have to your, they'll expire.
42:07
And my top marginal tax rate is 53% stealing.
42:11
My tree will pay a lot of taxes, but massive.
42:13
Yeah, Basically majority of what I sell will be taxed.
42:17
I don't think it was alleging legality.
42:20
It's that. Well, do you want to borrow
42:22
against their sock? Yes.
42:25
There were, there were saying that like somehow borrowing is a
42:27
trick to get away from paying taxes, but it's more important
42:31
in mind that we've had a very long expansion in the economy,
42:36
may be the longest ever and borrowing against talk is all.
42:40
There's a little sort of fun and games until you have a recession
42:43
and you get the margin calls and then you'd go to 0 which is
42:47
which happens. Basically every time there's a
42:48
recession stocks don't always go up.
42:52
They go down there seems to Most dogs have gone up, including
42:58
some questionable stocks, frankly, talking about yourself,
43:01
I'm sorry, I think Ray surprised by how much it's going to happen
43:06
but well, it does here. I mean, I have literally gone on
43:09
record and said, I think about stock price is too high in my
43:12
opinion. And this did nothing to stop the
43:14
rise in the stock price. So so, what am I supposed to do?
43:20
You know, I'm not donating ago? so but I think it's important
43:29
during my like, my actual tax rate is 53%, the try to make it
43:33
sound like basically it was a big increase in the value of the
43:36
Tesla stock and then they added up, they're just very
43:39
selectively poked, the numbers to make it sound like I was
43:42
paying very low taxes but in fact my taxes are very high
43:45
there like over half and you pay them when you open yes and a
43:50
huge amount will be paid the next three months because of
43:55
Hiring options and there was like one year where I think my
43:59
taxes were basically zero, and the reason for that was because
44:02
I had overpaid taxes the year before they've got to mention
44:06
that. They're coming back.
44:09
Why are calling back? Have no interest in the truth.
44:12
Oh, okay. All right.
44:13
Let me ask you a question but Twitter, let's finish doing
44:18
that. Let's get to questions from the
44:19
audience. What's going on with you and
44:22
Twitter? I am a Twitter addict.
44:24
I say the wrong things. All the time.
44:25
What is it? Someone explained it to me was
44:27
very close to saying it's your release valve.
44:31
This is where you feel better. Yeah, I think I said some people
44:35
happy. Some people use their hair to
44:38
express themselves. I use Twitter.
44:41
Do you regret anything or not? You are kind of prominent.
44:45
Bad. Having sure walks through when
44:48
you decide to do it, do we? You go?
44:50
No. No, no.
44:51
Well I think about it for hours. Do you like consult with my
44:54
strategy team just literally go? Yeah.
45:00
Yeah. One more, maybe I'm wasted.
45:04
Another Branch gone. Let me shoot myself in the foot,
45:10
bam. Now, let me share something with
45:11
your bam. Yeah, that's correct.
45:13
Some of my tweets. Yeah.
45:15
Are you worried about any SEC involvement in your tweets going
45:20
forward? What does that stand for again?
45:24
I mean, I know the middle word is elon's but can't remember.
45:27
The other two was Dance for me. Are you worried?
45:35
They're going to take Elon stop, I can do 80.
45:40
It's about the short seller enrichment commission.
45:41
Yeah. Yeah.
45:44
That's the new name good. Yeah.
45:48
The reason tweeted about you did one great wait about time same
45:53
time as the currency which I thought was beautiful.
45:57
Time is the ultimate currency has no matter what resources you
46:01
have, you can't wind back the clock.
46:04
It's true how rich you are but then you did the Biden to eat.
46:10
Can you explain that one? 01 well, so, you know, like
46:20
biting held this EV Summit didn't invite Tesla.
46:28
Invited GM. Ford Chrysler and your aw, maybe
46:35
Summit on the White House, didn't mention tells the ones
46:39
and praised GM and Ford were leading the UV, resin
46:41
Revolution. So you're pissed, so sad.
46:46
This is sound may be a little biased or something.
46:51
So and, you know, just It's not the friendliest Administration.
46:59
No, I'm from seems to be controlled by the Union's for
47:03
like know, So when you can Trump back, no, would you like to be
47:11
president? Besides yourself?
47:13
I would not want to be present at all.
47:16
Sounds like, no fun being president.
47:23
You think is going to bring our country together?
47:25
Is that all willing to Mars? What?
47:28
Well I think if there was some moderate, you know, sort of sort
47:33
of Centrist for president and I think that would help that I
47:40
think everyone just once I think most people most people want a
47:45
president who is just a very competent you know executive you
47:50
know, not too far left. Not too far, right?
47:55
And I never will be like a most people would prefer that, you
48:02
know, something weird when it comes out the election.
48:05
You've got two choices here like, you know, maybe you don't
48:08
live either choice but you got to pick one.
48:11
Clapping. Do I think that would be what
48:16
interest I hope so I hope so how every night democracy.
48:25
I'm not super worried about democracy.
48:31
Are you worried about democracy will switch with what concerns
48:35
you a lot of the dialogue is getting a little I studied
48:40
propaganda. Well yeah, it's worrisome.
48:44
The fact that again happened. Here it certainly.
48:47
I'm A Philip Roth kind of person.
48:51
Yeah. But we're both having a lot of
48:55
children, so you must believe in the future.
48:57
Yes. Totally have 10 children between
48:59
us. Correct and weaves?
49:01
Yes, slightly ahead. But you've got a rocket anyway.
49:07
I do. So I just think we there is, you
49:10
know, I think a lot of people think that there's too many
49:13
people on the planet. But I think there's in fact, two
49:15
of you and that the, the possibly the single greatest
49:19
risk to assume human civilization is the rapidly.
49:23
The diminishing growth rate. And the facts are out there for
49:27
anyone to look at. But a lot of people are still
49:30
stuck with, you know, Pearl Polo next book population, bomb and
49:34
psyche. That was a long time ago.
49:36
That is not the case today and the business.
49:39
There was a massive Notch demographics last year because
49:43
the birth rate plummeted and also this year, Two more
49:47
children. So I mean, you know, no, babies,
49:53
no Humanity, but you got to come from somewhere.
49:55
Okay, Morgan and on there. Any questions from audience,
49:58
there's a lot of great question. Hey Lana?
50:00
I'm ronen. Leave you from field trip.
50:02
We spent a lot of time talking about outer space want to ask
50:06
you about inner space in the question specifically is do you
50:10
spend time thinking about Humanity's somewhat destructive
50:14
Tendencies before sending people to Mars?
50:17
As and specifically you've talked about the subject of DMT
50:21
and curious to know what role you think psychedelics may have
50:24
in addressing some of the more destructive Tendencies of
50:27
humanity. We're going to talk about this
50:29
tomorrow, okay. I think generally people should
50:37
be open to psychedelics. Yeah, so yeah.
50:44
So it's a I mean, you know, Oh yeah, a lot of people making
50:50
laws are kind of from a different era.
50:53
So I think as you know, as as the new generation gets its
50:58
political power, I think we will see greater receptivity to the
51:02
benefits of psychedelics. These Tendencies right now
51:08
concern. You like about, before we go to
51:10
Mars, I mean, it was Humanities Sciences.
51:14
I think we are at a very peaceful moment in history, so
51:20
you're going to separate the sort of news headlines from the
51:23
reality. I think.
51:25
I like Steven Pinker or Hobbit is really pointed this out.
51:28
Like we're actually at the lowest violence per capita in
51:32
history in human history. It may not seem like that but
51:36
objectively, those are the statistics.
51:39
It's not say there's no violence or they want things to be
51:41
improved but it's, you know, actually quite good.
51:44
And so, But you know, just like said, big picture wise.
51:52
We I think we want to take the set of actions that maximize the
51:55
probability of the future is good.
51:58
And that the end that Civilization continues and that
52:02
the sort of this small candle of Consciousness in the void, that
52:08
is Humanity continues. And there's mind Is not the
52:15
candle does not go out, okay. Next, I'll be here.
52:20
Hello. My name is Lena.
52:22
I'm a student at the University of Chicago and I also have a
52:26
podcast called kindness for the brown.
52:28
So my question centers a little bit, what you talked about
52:31
concerning that, you know, you're building this world for
52:35
not enough people yet, but the people that now are here but
52:40
concerning young people. How do you actually build
52:43
infrastructure to make sure that you're not just building
52:47
resources for people to be in Mars?
52:49
But actually putting them in positions of power politically,
52:53
or educating people who don't have access to learn about space
52:57
technology. Etc.
52:58
How do you, actually teach young people and bring them and do you
53:01
feel like that's your role or does your role to just build the
53:05
spaceship to Mars? Well, I primary goal is, is to
53:13
create the technology necessary to get people to Mars in the
53:16
absence of which, you know, it's somewhat academic.
53:21
So we want to get too distracted from our primary mission of.
53:24
We got to make it, at least possible to get it to go to Mars
53:28
and we want to do. So as soon as possible and make
53:35
access to Mars as widely available, Possible as
53:38
affordable as possible so that if somebody wants to go, they
53:41
can so that that's that's our primary Mission.
53:47
I mean, there are many good causes in the world, but we got
53:50
to be careful that we do not try to take on too many.
53:57
I mean, there are many noble missions but we have to pick our
54:00
battles and say, okay, let's just make sure we get this done
54:04
and because nobody else is doing it.
54:06
And I mean, if SpaceX doesn't do it, I'm not sure how it will
54:13
happen. I think this, this is the least
54:15
right now SpaceX is the The only hope so we were going to get
54:21
this done and Which is far from done.
54:23
I mean it's a lot long way to go.
54:27
Yeah. Store like in terms of providing
54:30
internet internet connectivity to people like we don't have it
54:34
or it's very expensive. I think will be helpful in
54:38
empowering a lot of people who are disempowered today so I
54:42
think that's a good thing too. Right.
54:47
Techno King. How do you respond to
54:50
allegations? Okay.
54:52
Yeah. Okay.
54:53
That is my formal title. I've talked about that would be
54:55
asked to be respectful Cara. How do you respond to
54:59
allegations that you're a living?
55:02
Cybernetic organism sent from the future to save us.
55:05
And secondly, it s neither confirm nor deny that he's good.
55:11
He's good. And secondly, what do you think
55:14
the probability is that general-purpose block chains
55:16
that have Ready, utility will eclipse the value of like a fish
55:19
finished product in Bitcoin. Actually I'm not sure how to
55:26
answer that last one I think just generally public Ledger
55:29
stuff is good because I'm fat of Open Source and just and just
55:34
you know sunlight being a great disinfectant.
55:38
In the the more the less things occur in the dark the better and
55:43
you know it sort of acrylic basically like chains of just
55:48
it's a cryptographic ledger and open so I think that it's
55:56
probably a lot of things. Good things I can do with that
55:59
first question. I said I can neither confirm nor
56:03
deny my dear. Are you on Alex?
56:07
He's with the Verge, the questions on the self-driving.
56:09
Beta, you guys are rolling out curious, why you're encouraging
56:14
people to not share videos, making them sign nda's just
56:19
because I don't mean with this, there's a lot of videos things
56:22
charred, but the NDS If I mean the nda's for the full
56:28
self-driving data, I don't know. People don't seem to listen to
56:32
me. I'm not sure there's Yeah, I
56:39
don't know why there's an NDA. We probably don't need it.
56:41
I think people just are ignoring it anyway, so I'm sure it
56:44
matters. All right, so I'm gonna ignore
56:47
this. I'm gonna keep getting questions
56:50
that's due to high heel on Zia Yusuf BCG.
56:54
Could you talk a little bit about Ai and Robotics and you
56:57
express concerns in the past but not building some as well.
57:02
What do you see is the issues that we do have to solve on that
57:06
front? Well, I've had for a long time,
57:09
I think ASAP is a really big deal and we should have some
57:14
regulatory agency that is overseeing a i safety.
57:22
But there is not yet currently any such thing.
57:24
And just are generally any kind of regulatory agency, done by
57:27
the government will usually takes years to put in place.
57:31
So, You know, after the population of collapse issue, I
57:40
think AI. Safety is probably the second
57:42
biggest threat to the future of civilization and Yeah, like I
57:52
said, I'm not quite sure what to do with it.
57:56
I Tesla is arguably the world's biggest robot maker because like
58:00
we have basically similar to semi-autonomous cars that will
58:03
ultimately be fully autonomous and we are building a humanoid
58:08
robot that will be basically like like like the car but with
58:13
legs. So, and I kind of held open
58:21
doing that for a while because And I submit want to hasten the
58:26
AI apocalypse. But clearly, it was either
58:28
looking Boston, Dynamics and like this humanoid robots are
58:31
going to happen. So they're really gonna happen
58:35
with or without Tesla. So it's like it has like that a
58:37
little bit more I mean a lot more ability to ensure robotics
58:42
safety and Ai and I will try my best to do that.
58:47
What would you do to know? We can't do more.
58:49
Sorry. You got a quick first, thanks
58:52
for making the first car I ever loved.
58:54
I love for my wife insisted. I ask this question if I got
58:57
here, we also have way too many children.
59:00
It was probably great. If there's any chance that you
59:03
could put a roof rack on the X, that's what she's looking for.
59:07
We need a roof rack on the X, if you can figure that out, that's
59:11
almost more important than going to Mars.
59:14
We haven't figured that out. I mean, It's tricky because we
59:16
have the fancy doors. They're awesome.
59:18
They have those were awesome but that, you know, if your roof
59:20
rack is like, how do you stop the door?
59:22
She was passionate. You're smart.
59:26
Yeah, thank you. Another model.
59:28
Y has a roof rack though? It's not big enough for all the
59:31
kids really. It seems It's seven.
59:34
Not not normal kids. Okay.
59:37
What do you have separate cars for your children?
59:39
You you don't belong Ilana. Thanks to can tell you his stuff
59:47
Ilan. Thanks for the Plaid.
59:48
It's a great car. As we're all, you know, waiting
59:53
for a full Oh that's awesome. Really it's awesome.
59:56
We like we might have to argue vegetable yolk but we're getting
59:59
accustomed to its great car High.
1:00:00
You know it's like something different and it it's different
1:00:04
and people sometimes don't like the different thing but how much
1:00:06
do you put any dents push up in the great?
1:00:08
Was it your twin flame ideal of the over pool?
1:00:10
So that works for them anyway, really, really quick.
1:00:13
Look, we're living in this in-between time between we drive
1:00:16
our cars ourselves, and the cars drive themselves, their
1:00:19
semi-autonomous. For those of us in the industry.
1:00:22
Those of us who understand something about He about machine
1:00:24
learning actually, like it it's pretty easy.
1:00:27
It fixes, my mistakes. I fix its mistakes lot in the
1:00:30
Press though, about and Google's position certainly is this is
1:00:34
like the worst place to be, right?
1:00:36
Because people are going to get checked out in the cars, are
1:00:38
going to drive themselves into. What do you think about the ml
1:00:41
human hybrids that were kind of, you know, embracing right now?
1:00:45
How long are we going to have these crossover periods?
1:00:47
I know you believe sfsp is around the corner.
1:00:49
Do you think this is really a problem where we going to teach
1:00:51
people to deal with ML? Well, I mean, the transition
1:00:57
period to new technologies, always a little bumpy, and but I
1:01:06
think it we're published the safety stats, like, basically
1:01:10
miles driven on autopilot, and miles driven annually.
1:01:16
And this, I mean, it's an order of magnitude different.
1:01:20
So like Phillip cell while you're playing with.
1:01:24
Is the statistics. I'm like, listen, we're just
1:01:27
saying miles driven autopilot, miles not given Road of mud, was
1:01:30
at end up back at 10:00 difference.
1:01:32
So, I mean, even if we were like, we're not fiddling with
1:01:35
Statistics, that's just it. This is not subtle this what I'm
1:01:39
saying? It's not.
1:01:39
So the truth is that people are actually not great at driving.
1:01:45
These two tongue, death machines, you know and people
1:01:48
get tired and they get drunk and they get distracted and they
1:01:53
text and they Also things, they shouldn't do.
1:01:56
And then the cars that, you know, crash basically.
1:02:00
And now that now that when we were walking on the autonomy,
1:02:07
front sort of told me, I think that's quite true, which is even
1:02:11
if you for argument's sake, reduce fatalities by 90% with
1:02:18
autonomy, the tap, the 10% that do die with autonomy us.
1:02:24
I'm going to sue you the 90% that are living, don't even know
1:02:29
that that's the reason they're alive.
1:02:32
Nonetheless. I've had many conversations with
1:02:36
the Tesla autopilot for self-driving team, we were just
1:02:39
an outstanding group of people and saying, like, listen guys,
1:02:43
it is better to pursue. Like the reality of doing the
1:02:51
right thing matters. More than the perception of
1:02:53
doing the right thing and as long as we are confident that
1:02:56
we're doing the right thing, even if we are criticized and
1:02:58
sued and all that, we should not always do the right thing and
1:03:03
not care about the perception of the right thing.
1:03:07
Okay, last question. Sorry, read cutter the cloud for
1:03:10
utilities. Thank you so much for the card
1:03:12
work. You've done with the Tesla
1:03:14
driving the EV Market. As we move towards more green
1:03:17
energy utilities are getting rid of their fossil plants, coal,
1:03:21
plants, investing in Renewables. There's a difference in economic
1:03:25
output they can. Deliver are you concerned at all
1:03:28
as the growth of Evie's continue?
1:03:31
Do you think we could have a supply chain problem with energy
1:03:33
down the road? Yeah, I think that's a, that's a
1:03:36
very good question. The full answer is lengthy, I'll
1:03:40
try to give this the short version, the electricity, demand
1:03:47
roughly it. If we go, if we shift or
1:03:51
transport to Electric then electricity demand,
1:03:54
approximately doubles, maybe a little more than doubles and
1:03:58
this is going to create a lot of challenges with the the grid
1:04:02
especially for distribution to To neighborhood and this is why
1:04:07
Tesla has the product the the solar roof and solar retrofit is
1:04:11
because even if you increase sustainable power generation at
1:04:15
the utility level, just looking to have a distribution problem,
1:04:18
we need new high, power lines, new medium power lines, you need
1:04:21
to dramatically increase the size of the substations, which
1:04:24
means you're going to start knocking down houses to increase
1:04:26
the substation sizes, really unworkable.
1:04:31
Unless you have significant local power generation at And
1:04:35
this is why I think it's actually very important that
1:04:39
that a necessary part of the solution is local power
1:04:43
generation on on rooms, on the houses of homes very important.
1:04:52
And then, of course, we need large sustainable power
1:04:57
generation developments at primarily wind and solar.
1:05:03
But it needs to be paired with battery packs will steady state
1:05:07
to provide continuous power and a lot of good things are
1:05:11
happening in this regard. The growth of solar in the last
1:05:13
several years has been incredible.
1:05:14
I think it's like a 40 percent compound annual growth rate in
1:05:19
in solar and also a big growth in Wind.
1:05:25
I'm also kind of pro-nuclear and a nuclear nuclear power nuclear,
1:05:30
and now, I'm sort of surprised. buy a lot of the public
1:05:34
sentiment against nuclear and and I'm not saying we should go
1:05:41
build a whole bunch of new nuclear plants, but I don't
1:05:43
think we should shut down ones that are operating safely and
1:05:48
what they did that, they did this in Germany for example, I
1:05:51
think that was and then had to create a whole bunch of coal
1:05:54
power plants and I don't think that was the right decision
1:06:00
rightly so Yeah, there is there was a weird word one Or Another,
1:06:07
We're going to have to have a lot more electricity generation
1:06:10
and this is this is primarily going to come down to solar and
1:06:13
wind paired with batteries, which are our next conversation.
1:06:17
Okay, from Tesla. Pouring solar cells, good.
1:06:21
Okay, we're gonna ask you one more question, what time we
1:06:23
talked a couple years ago code? You said we were in a
1:06:26
simulation. It's past couple of years.
1:06:28
It seemed truly fucked up. Yeah, feels like a bunch of
1:06:32
teenagers from the ER, just really smoking a lot of dough
1:06:36
and fucking with us. Are we, are we in a simulation?
1:06:43
I mean my heart says, no and my brain says yes, Elon Musk.