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Elon Musk Weekly News Update: Tesla, SpaceX, X, Neuralink, and More · Elon Musk Podcast

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  Welcome back to the Elon Musk Podcast.
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  This is a show where we discuss the critical crossroads that
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  shape SpaceX, Tesla X, The Boring Company, and Neuralink.
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  And I'm your host, Will Walden. Jack Dorsey, who's the Co
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  founder of Twitter, recently announced his resignation from
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  the board of Blue Sky, which is a decentralized social media
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  platform he helped to establish to compete with Twitter.
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  His departure comes as he publicly praised Elon Musk's X,
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  which is formerly Twitter, labeling it as part of freedom
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  technology. The shift in allegiance marks a
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  significant change in Dorsey's engagement with social media
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  platforms. Post his leaving of Twitter now,
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  Dorsey disclosed his decision to leave Blue Sky board in a terse
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  response to an inquiry on X, where he simply stated no,
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  confirming his exit. His departure follows his
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  initial funding and promotion of Blue Sky, intended as an ideal
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  version of Twitter, emphasizing user control and
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  decentralization. Basically not being controlled
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  by a big corporation, but controlling your own destiny on
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  the platform. And then they related post on X,
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  Dorsey shared thoughts on the importance of open Internet
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  protocols. He tweeted, Don't depend on
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  corporations to grant you rights, defend them yourself
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  using freedom. Technology, you're on one.
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  This message shows that his belief in technology supports
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  user empowerment and independence.
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  Now, the concept of freedom technology, as Dorsey describes,
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  involves leveraging open protocols, and these protocols
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  are akin to open source software that anyone can inspect and
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  modify. This approach is seen as a way
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  to reduce corporate control over online platforms and services.
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  And Blue Sky, the platform that Dorsey is departing from, was
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  launched with the vision of creating a decentralized social
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  media service. It opened to public registration
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  earlier this year and quickly gained attention as an
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  alternative to the tumultuous environment on Twitter.
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  Following Musk's acquisition and despite his initial popularity,
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  Blue Sky's traction seems to have waned, especially with the
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  emergence of meta platforms Threads, which has become a
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  strong competitor. Now.
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  This competitive landscape shows it challenges between Blue Sky
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  and Twitter and Threads, and they need to maintain a user
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  base and relevance in this time. Now Dorsey's reduced activity on
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  social media platforms, it's also notable.
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  He's significantly pared down the list of people he follows on
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  X, limiting it to just three people, Elon Musk, Edward
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  Snowden, and Stella Assange. This action hints at Dorsey's
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  current focus and possibly his shifting alliances in the tech
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  world. The implication of Dorsey's
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  resignation and his comments are still unfolding.
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  His endorsement on X as a form of free technology suggests a
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  potential reconciliation, or at least a softening of his
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  previous critiques of Musk's management of Twitter.
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  Blue Skies responded to Dorsey's departure by expressing
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  gratitude for his contributions and announcing their search.
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  For a new board member who aligns with their mission, this
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  indicates an ongoing commitment to their foundational goals.
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  Despite the set back now, the timing of these events is
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  particularly interesting given other legal challenges facing
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  Dorsey. Federal prosecutors are
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  currently examining the financial transactions of
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  another company he founded, Block, for potential compliance
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  lapses. Dorsey's shift in focus from
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  operational roles to advocating for technology driven autonomy
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  shows a broader trend among tech leaders who are re evaluating
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  their roles and influence in the evolving digital sphere.
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  And as Blue Sky continues to develop and possibly reshape a
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  strategy, the impact of Dorsey's departure will likely become
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  more apparent. The platform's ability to
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  innovate and attract users will be crucial for its survival and
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  growth amid fierce competition and the discussion surrounding
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  open protocols and user rights that Dorsey sparked with his
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  posts in part of a larger conversation about the future of
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  Internet governance and digital rights.
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  The disclosure is essential as more users and regulators
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  scrutinize the power dynamics within major technology
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  platforms. Now the evolution of X and its
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  classification as quote freedom technology by figures like
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  Dorsey could influence other platforms approaches to design
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  and user interaction. This might lead to more
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  platforms adopting user standards, open standards, and
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  open protocols, And the reaction from the tech community and
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  users of Dorsey's recent moves and statements will provide
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  further insights into the current attitudes towards social
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  media governance and the role of technology in societal changes.
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  And as the landscape of social media continues to shift every
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  single day, the principles and technologies that will define
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  future platforms are being debated, implemented.
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  Right now, we're all part of it, and Dorsey's involvement in
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  advocacy play a pivotal role in this process.
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  Even as he steps back from direct leadership positions,
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  Dorsey's advocacy for open protocols and his critique of
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  corporate control will likely shape the future developments in
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  social technology. His influence remain substantial
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  even in a nominally reduced capability, and his recent
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  actions and statements shows that he's going to transition
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  now from his career to his new philosophies.
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  He's stepping away from Blue Sky and embracing A broader role in
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  promoting freedom technology, and Dorsey continues to impact
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  the tech world profoundly. The shift shows the importance
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  of ongoing debates about user rights, corporate influence, and
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  the architecture of the whole Internet itself.
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  The Tesla Model 3 Highland Edition is redefining EV
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  charging efficiency, and it surpassed previous models and
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  speed. And it's coming very close to
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  the convenience of gas station Phillips.
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  A new analysis by Amci Testing highlights the vehicle's
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  performance, showcasing how it adds range in the crucial 6
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  minute mark, which is a duration benchmark, to a typical gas
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  station stop. So it takes you about 6 minutes
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  to fill up your car. So Amci's research, named MP
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  Six, is focused on assessing the charging capabilities of
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  electric vehicles to see which ones can charge the fastest.
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  This approach is designed to align electric charging times
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  with traditional refueling times, aiming for a seamless
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  transition for consumers from gas cars or ICE cars to electric
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  vehicles without increasing the duration of stops during travel.
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  Now, the latest results from the MP Six test revealed that
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  Tesla's Model 3 Highland has significantly improved its
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  charging performance, now leading the pack.
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  Previously, the Toyota BZ 4X held the top Spot #1 champion,
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  but Tesla has made notable advancements doubling the
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  charging performance of the BZ 4X from earlier tests.
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  And one of the key factors in the Model 3 Highlands impressive
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  results is its charging tech. According to AMCI, the vehicle
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  achieves a maximum charging rate 174 kilowatts within the first
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  minute of connecting to test the Supercharger network.
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  This rapid performance is pivotal in allowing the vehicle
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  to maximize the charge it receives within the brief 6
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  minute window. Now the scoring from AMCI put
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  the Model 3 Highland at the 60.5 MP six score significantly
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  higher than his competitors and following Tesla in the rankings
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  with a Toyota BZ 4X at 35 MP six and the Ford Mustang Mach E at
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  32.6 MP six, with other contenders like the
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  Mercedes-Benz EQE and Hyundai Iconic 5 trailing further
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  behind. Now the director of EMCI Testing
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  pointed out the potential changes in performance when test
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  the vehicles are tested on non Tesla charging networks.
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  This consideration hits at the importance of compatible
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  charging infrastructure in achieving optimal charging
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  times. So you want to be near a
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  supercharger when you need to fill up here now.
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  They also said the advantages of having a synchronized network
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  where the vehicle and charger are designed to work together
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  are paramount in getting these charge times.
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  TES unique position as the only EV manufacturer with an
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  extensive proprietary charging network plays a crucial role in
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  his leading performance. Now Amci's ongoing evaluation of
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  EVs not only examines the speed of charging, but also reflects A
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  broader ecosystem of vehicle and network integration.
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  Results from Tesla show that the potential for manufacturers to
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  significantly enhance user convenience when they control
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  both environments, the charger and the vehicle.
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  In addition to its advanced EV tech, this has been experiencing
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  fluctuations in its workforce, particularly in Mexico,
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  recently, despite expanding its presence with new job listings
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  early in the year. The company has recently removed
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  several job listings from its career page amid broader
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  layoffs. Tesla's staffing changes aligned
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  with a broader strategy of cost optimization and increased
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  productivity, as stated by CEO Elon Musk.
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  And in an e-mail, Musk revealed plans to reduce the global
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  workforce by about 10%, emphasizing the difficult but
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  necessary nature of these decisions for future growth.
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  Now, these layoffs have impacted Tesla's operations worldwide
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  with various execution speeds due to differing labor laws.
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  In the US and China, the layoffs were implemented swiftly, while
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  in Europe they're subject to more extended procedural
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  requirements. Despite these layoffs, local
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  officials in Mexico, where Tesla is building its next
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  Gigafactory, have reassured that the construction and long term
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  plans for the facility will not be affected, and this suggests A
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  continued commitment to expanding Tesla's manufacturing
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  capabilities in the region. Now, MCIS MP6 testing and
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  Tesla's charging capabilities are part of a broader industry
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  trend focusing on improving the practicality of electric
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  vehicles. These tasks are crucial for
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  consumers considering A VS as they provide clear metrics on
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  how these vehicles can meet daily needs similar to
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  traditional cars. And the importance of such tech
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  is talked about by David Stuckels, who's the CEO of AMCI
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  Global, who said the significance of Tesla's
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  achievements in the context of real world applications like Rd.
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  trips across the country. And these results demonstrate
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  not just technological innovation but also potential
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  shifts in consumer behavior towards electric vehicles.
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  If you could charge your vehicle in around 6 minutes, that is a
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  quick stop at the gas station currently.
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  So looking ahead, AMCI Testing plans to expand its evaluations
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  to include how non Tesla vehicles perform on Tesla's
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  infrastructure and vice versa. Such studies could further
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  influence the strategies of other manufacturers regarding EV
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  technology and the development of charging networks.
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  Established in 1984, AMCI Testing has built a reputation
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  for detailed and impartial analysis across various
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  automotive technologies. The work is vital in setting
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  standards in the auto industry, helping guide both consumer
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  choices in manufacturing advancements and the recent
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  developments in Tesla 3 Highland, Model 3 to Highland
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  and the broader EV charging dynamics highlight a significant
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  movement in the transition towards electric mobility.
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  The ability of EVs to match the convenience of gas stations and
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  charging times is a major step forward in their adoption.
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  Could you imagine charging your car in 6 minutes, pulling up to
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  the front door of the service station, going get a burger?
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  That'd be great. Remember when that was Tesla's
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  thing? When Elon Musk was saying
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  they're building out these massive charging stations,
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  they're gonna have burger stands and all sorts of fun stuff like
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  that. And now all that is going away
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  as well. So not only did they cut 10% of
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  their workforce, they're also cutting new development of
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  supercharger stations. So I guess we're not going to be
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  seeing these wonderful places to stop on the side of the road in
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  the future, which is kind of a bummer.
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  So let me know what you think in the comments about this, if it
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  If you do have comments on your podcast platform or on YouTube,
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  let me know in the comments down below what you think of this.
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  Because I don't know, I'm the workforce.
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  It's a it's a bummer and I totally get it.
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  I understand where they're coming from, but I totally
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  understand as well that it's a harsh reality.
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  When you're working in this industry and you can have a
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  swift layoff from something like Tesla, it must not feel very
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  good. So the leadership that's in
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  charge of fast charging is not just a technical achievement,
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  it's also a benchmark for the industry.
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  Tesla recently revealed A substantial investment of over
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  $500 million to expand its Supercharger network.
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  Now this announcement comes shortly after the company laid
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  off almost the entire team responsible for the network,
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  roughly 500 employees, causing industry and customer
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  uncertainty but Tesla's commitment to expanding their
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  infrastructure. Now despite recent layoffs that
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  saw nearly the entire Supercharger division dismissed,
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  Tesla plans to eject more than half a billion dollars in the
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  development of new charging stations.
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  This financial commitment aims to add thousands of new charges
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  across the US, enhancing the existing network, which is
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  crucial for supporting the increasing number of electric
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  vehicles. Now the move to slash workforce
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  responsible for Tesla Supercharger was a surprise to
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  many, raising concerns about stakeholders about the future of
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  EV adoption. This drastic step echoed Musk's
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  previous unpredictable decisions such as the temporary closure of
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  physical Tesla stores in 2019, which was quickly reversed
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  following logistical challenges. Thou Musk declaration on X
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  emphasize the expansion of the Supercharger network.
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  He noted that the planned expedition edit this out.
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  He said that the planned expenditure would focus solely
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  on new sites and enlarging current locations, not covering
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  operational costs, which are significantly higher now.
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  This is a shift that comes at a time when Tesla's Supercharger
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  network is more open than ever before to other car brands, a
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  move aligned with the broader industry goal of enhancing EV
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  infrastructure across the nation.
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  Tesla's network has received public funding too, and this
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  contributes to the national charging infrastructure, which
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  is a key element of the Biden administration's environmental
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  strategy. And following these layoffs,
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  industry experts express fears of the potential slowdown.
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  The expansion of Tesla's charging facilities, including
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  myself. Why would they slow this down?
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  They need to expand this network now.
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  This network, initiated about a decade ago, plays a pivotal role
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  in Tesla's dominance in the EV market.
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  I don't know why they would take it away.
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  And also the charging infrastructure is influential
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  with every other automaker out there.
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  And the dismissal of the Supercharger team aligns with
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  Musk's directive for a leaner workforce.
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  Now this because of economic pressures facing the auto
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  industry right now, everything's going down, and this is part of
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  Tesla's effort to streamline operations and reduce costs
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  despite the potential risk of slowing down its infrastructure
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  projects. And Tesla's recent financial
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  reports reflect a dip in profits hitting the lowest mark since
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  2011. Company continues to invest in
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  various sectors, including AI and battery technology, with
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  projected capital expenditures around $10 billion this year.
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  Maintaining a similar budget for the following two years and the
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  reduction in Tesla's charging team might impede the growth
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  rate of the EV industry in North America, where Tesla chargers
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  make up a significant portion of the high speed charging option,
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  this development could influence the regional goals of having
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  millions of EVs on the road by 20-30 And other companies Watch
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  out Tesla, they're poised to fill the void left by Tesla
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  scaling back. For instance, BP has announced
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  plans to invest in its own charging network expansion, with
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  the oil giant looking to take over sites previously managed by
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  Tesla. And the EV charging sector sees
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  this reduction as a shift in competitive dynamics, with
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  companies like EV GO and and Viruspark quickly moving to
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  recruit talent and expand their operations in response to
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  Tesla's layoffs. And the recent layoffs have not
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  only affected the Supercharger division, but also led to the
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  departure of Tesla's head of product, Rich Auto.
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  His resignation, announced via LinkedIn, cited the recent job
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  cuts as disruptive to company morale and long term planning.
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  He thinks it's short sighted and in his LinkedIn post, Otto
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  discussed his time at Tesla, said it was a collaborative
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  culture. His involvement in significant
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  products like the Cyber Truck expressed gratitude for the
• 17:04
  opportunities and learnings, but noted that the layoffs are a
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  critical factor in his decision to leave and the company has
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  indicated that it will continue its operations and fulfil its
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  commitments to existing Supercharger sites while
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  expanding new locations. I'll be at at a more moderate
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  pace. Tesla's strategy includes
• 17:22
  focusing on enhancing the performance and capacity of
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  existing Superchargers, indicating a shift towards
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  maximizing the efficiency of its current assets instead of merely
• 17:32
  expanding physical infrastructure.
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  And as Tesla adjusts its business model and its strategy
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  in response to economic and operational challenges, the
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  decisions made by Tesla will likely influence the strategic
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  decisions of other players in the market and potentially the
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  overall adoption rate of electric vehicles in North
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  America. It's a significant moment for
• 17:52
  Tesla and the EV industry, suggesting a possible re
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  evaluation of expansion strategies and changing economic
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  conditions and corporate strategies.
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  Tesla is gearing up to release a new update for its full self
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  driving system, version 12.4, which is anticipated to launch
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  sometime next week. Elon Musk recently announced
• 18:14
  this on his X account, highlighting significant
• 18:16
  advancements and improvements in the system, and this update
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  follows the previously released version 12 point 3.6 and aims to
• 18:23
  enhance the driving experience by refining how the car handles
• 18:26
  accelerating and braking. Now Musk has expressed that the
• 18:29
  latest version of Tesla's FSD will dramatically improve user
• 18:32
  experience, asserting that it will blow your mind.
• 18:35
  This update, FSD 12.4, reportedly features nearly
• 18:40
  entirely retrained models with focus on smoothed out riding,
• 18:43
  addressing common concerns about the abruptness of the cars
• 18:46
  movements. Now, according to Musk, the
• 18:48
  Autopilot team at Tesla has moved beyond resolving urgent
• 18:52
  safety concerns to refining the system's performance, indicating
• 18:55
  a significant progression in the technology's development.
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  He noted the final touches are for comfort as it sometimes
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  accelerates or breaks too fast for most people's taste.
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  This improvement suggests that the fundamental functionalities
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  of FSD have reached a reliable baseline, allowing the team to
• 19:13
  focus on enhancing user comfort. And beyond the immediate
• 19:16
  release, Tesla is already working on subsequent versions
• 19:19
  of the FSD tech. Versions 12.5 and 12.6 are
• 19:23
  currently in different stages of testing, dealing with complex
• 19:26
  driving scenarios that include navigating through narrow one
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  way roads and managing unexpected Rd. closures
• 19:32
  effectively. Now must detail the specific
• 19:35
  scenario being tested where Tesla needs to reverse out of a
• 19:39
  blocked path and find a new route.
• 19:42
  He said that it's very important of these updates being
• 19:44
  communicated across Tesla's network to avoid congestion and
• 19:48
  sure all vehicles are aware of changes within real time.
• 19:52
  Now these advancements are particularly crucial as Tesla
• 19:55
  prepares to launch its Robo Taxi model.
• 19:58
  Quote the Cyber Cab scheduled to be introduced on August 8th.
• 20:04
  Of 2024 Now the ongoing development in FSD technology is
• 20:09
  crucial for the success of this new venture as autonomous
• 20:12
  driving capabilities will be a key feature of the cyber cab.
• 20:16
  Now Tesla's recent enhancements also include improvements in
• 20:19
  parking technology. Latest FSD update prior to 12.4
• 20:23
  introduces features like Auto Park and High Fidelity Park
• 20:27
  Assist specifically designed for vehicles equipped with
• 20:30
  ultrasonic sensors in North America.
• 20:33
  Now, Musk's ongoing communication on X serves as a
• 20:35
  primary source for updates on Tesla developments, and his
• 20:39
  posts provide insights into both the current enhancements and the
• 20:42
  strategic direction for future updates, ensuring that Tesla
• 20:45
  users and fans and enthusiasts are well informed about what to
• 20:48
  expect. So Tesla's efforts are not just
• 20:51
  limited to hardware improvements, but also
• 20:53
  significant investments in AI. Musk has committed approximately
• 20:57
  $10 billion in 2024 for developing AI capabilities,
• 21:01
  essentially for maintaining Tesla's competitive edge in
• 21:05
  automotive technology and with an eye on global markets.
• 21:08
  Tesla is preparing for the expansion of its FSD tech,
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  starting with China, and Musk's recent discussions in Beijing
• 21:15
  indicate that Tesla is negotiating terms for FSD
• 21:18
  development and data sharing, essentially steps for launching
• 21:21
  the technology in new markets. However, while Tesla is
• 21:25
  optimistic about its expansion in left hand drive countries,
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  right hand dry markets such as the UK and Australia might see
• 21:32
  delays, and Musk acknowledges the challenges and expresses A
• 21:36
  cautious optimism toward achieving successful rollouts in
• 21:39
  these regions. Now, on a different note, Tesla
• 21:42
  appears to be undergoing organizational changes back in
• 21:45
  the US Recent reports suggest a hiring freeze with a significant
• 21:50
  reduction in job listings. On Tesla's career page, they
• 21:53
  wiped out all career listings. This is for a broader
• 21:57
  restructuring within the company and only a few positions are
• 22:01
  currently advertised, mainly for Tesla's manufacturing
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  development program in the USA. Significant decrease from
• 22:07
  previous listings. This change follows a series of
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  layoffs aimed at streamlining the operations and enhancing
• 22:13
  productivity across the company. It's been about 14,000 people
• 22:17
  that have been laid off or fired from Tesla and Musk.
• 22:20
  Communication with Tesla employees highlights his focus
• 22:23
  on efficiency and cost reduction.
• 22:25
  In a recent internal communications, he's showed that
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  the necessity of these measures to prepare for future growth and
• 22:31
  the harsh reality of job cuts within the US and also a
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  shifting direction of Tesla towards AI.
• 22:39
  The recently layoffs have affected many employees across
• 22:41
  various departments, indicating a significant reshaping of
• 22:44
  Tesla's workforce. This includes high profile
• 22:48
  executives and senior positions, suggesting a major reevaluation
• 22:52
  of staffing needs against the backdrop of Tesla's evolving
• 22:56
  strategic goals like getting rid of the $25,000 lower price Tesla
• 23:01
  car and moving towards the cyber cab.
• 23:04
  Now, despite these challenges, Musk continues to advocate for
• 23:07
  rigorous standards within his team, demanding high performance
• 23:10
  and essential contributions as criteria for job security.
• 23:14
  This approach reflects his broader vision for Tesla as a
• 23:16
  leaner, more focused entity capable of sustaining innovation
• 23:21
  and efficiency, and as Tesla navigates these internal changes
• 23:25
  and external advancements in technology.
• 23:28
  So the success of these updates and the integration of advanced
• 23:31
  AI and autonomous driving caabilities will likely play a
• 23:34
  crucial role in Tesla's future, especially with the ucoming
• 23:37
  launch of the Cyber Cab. Thank you so much for listening
• 23:40
  today. I really do appreciate your
• 23:42
  support. If you could take a second and
• 23:44
  hit the subscribe or the follow button on whatever podcast
• 23:46
  platform that you're listening on right now, I greatly
• 23:49
  appreciate it. It helps out the show
• 23:51
  tremendously and you'll never miss an episode and each episode
• 23:54
  is about 10 minutes or less to get you caught up quickly.
• 23:58
  And please, if you want to support the show even more, go
• 24:00
  to patreon.com/stage Zero and please take care of yourselves
• 24:05
  and each other and I'll see you tomorrow.