Latest / Elon Musk Podcast / Archives : Elon Musk Bans Multiple Accounts, Suspends Journalists. 3rd largest Tesla Shareholder wants Musk to Step down as CEO.

Transcript

Archives : Elon Musk Bans Multiple Accounts, Suspends Journalists. 3rd largest Tesla Shareholder wants Musk to Step down as CEO. · Elon Musk Podcast

• 0:01
  Hey everybody, welcome back to the Elon Musk Podcast.
• 0:05
  This is a show where we discuss the critical Crossroads, The
• 0:08
  Shape, SpaceX, Tesla X, The Boring Company and Neuralink.
• 0:13
  And I'm your host, Will Walden. Back in December 17th of 2020,
• 0:17
  two reported on Elon Musk banning numerous accounts
• 0:21
  suspending journalists and the third largest Tesla shareholder
• 0:27
  wants Musk to step down as CEO from Tesla.
• 0:32
  We're going to do a rewind and look at this episode from back
• 0:36
  then a couple years ago, see where we're at now compared to
• 0:39
  where we were. Let's talk about a little bit of
• 0:42
  Elon Musk controversy going on. There's been a lot going on with
• 0:47
  Elon lately, especially on the Twitter front, and there's some
• 0:52
  technical things we should talk about.
• 0:54
  There's some business stuff we need to talk about, and there's
• 0:57
  also some personal things. And one of the most prominent
• 1:01
  users that has been tracking Elon Musk throughout the time
• 1:06
  that they've had their account on Twitter has just been banned
• 1:09
  for doxing. And if you're not familiar what
• 1:11
  doxing is, it's basically sharing the location or other
• 1:14
  details of a person with a malicious intent.
• 1:18
  The account in question is at Elon Jet, and I used to use this
• 1:23
  Twitter account to track and see when Elon Musk was coming to
• 1:27
  Brownsville, TX. Because when you know Elon is
• 1:30
  showing up in Brownsville, TX, it's probably something along
• 1:33
  the lines of a very important test that they were doing with
• 1:36
  Starship or maybe he was going there for some other reason.
• 1:39
  That's important deal for SpaceX.
• 1:41
  So I would use the account every once in a while.
• 1:43
  I'd say, hey, Elon's coming down to Brownsville and like it
• 1:46
  didn't really give you real time tracking information to give you
• 1:49
  an approximate time when Elon would show up.
• 1:52
  It says it's banned. Now you can't see a lot of the
• 1:54
  older tweets that they had, but basically what they would show
• 1:57
  you is a time when Elon would leave in approximate time when
• 2:00
  Elon would show up in Brownsville.
• 2:02
  So I would deduce from that that Elon was going to be, say, if
• 2:06
  he's going to show up on a Tuesday.
• 2:08
  And I'd be like, oh, Elon's going to be here on the in the
• 2:09
  afternoon on Tuesday. So by the time Elon is here in
• 2:13
  the afternoon on Tuesday, I'll have some news to report
• 2:15
  probably the next day. So I would use it as a tool.
• 2:18
  Now something else happened recently in Elon's life that was
• 2:23
  a little bit more malicious according to Elon, and this is
• 2:28
  his tweet ex pressing that he was stalked and somebody was
• 2:33
  malicious towards him due to doxing.
• 2:37
  According to the rules on Twitter, you are not allowed to
• 2:39
  dox people. You aren't supposed to show
• 2:41
  their exact location or their nearby location if they aren't
• 2:45
  aware of it. So the account was banned, but
• 2:48
  also Not only that, not only was the Elon Jet account banned,
• 2:52
  there were several reporters and journalists accounts banned due
• 2:58
  to reporting on this issue. The silencing of these prominent
• 3:02
  voices raises regulatory heat on Twitter with the EU and possibly
• 3:07
  Elon's other companies, including Tesla and SpaceX,
• 3:10
  which is a big recipient of government funding through the
• 3:13
  Department of Defense for SpaceX and Tesla for subsidies for E
• 3:17
  VS. And there were online protest
• 3:19
  news organization the Times, CNN, various other publications,
• 3:24
  and online outlets. They all demanded Elon to
• 3:27
  explain why he did this, and supporters of these journalists
• 3:31
  argued on Twitter that the move was punitive at best because
• 3:35
  Elon hasn't provided any proof that these tracking systems that
• 3:41
  Elon Jett was using were harming him in any way, or anybody else
• 3:45
  for that matter. And to top it all off, lawmakers
• 3:48
  in the European Union may go offensive on this.
• 3:52
  Vier Dorova, vice president of the European Commission, said.
• 3:56
  This may have violated the E US Digital Services Act in its
• 4:00
  freedom. Its Media Freedom Act, she
• 4:03
  tweeted. News about arbitrary suspension
• 4:05
  of journalists on Twitter is worrying.
• 4:07
  This is reinforced under our Media Freedom Act.
• 4:10
  Elon Musk should be aware of that.
• 4:12
  There are red lines and sanctions soon.
• 4:15
  The Digital Services Act serves as kind of a rule book for
• 4:18
  platforms like Twitter servicing the The block the EU.
• 4:22
  It goes into effect next year and it carries a fine of about
• 4:25
  6% of global revenue for companies that break the rules.
• 4:29
  Musk also suspended several other flight tracker accounts at
• 4:32
  this time, which are dedicated to planes owned by Russian
• 4:35
  oligarchs or the US government, and in a group voice chat on
• 4:40
  Twitter Thursday night on a Spaces chat, what if the band
• 4:43
  reporters defended the work to Elon Musk?
• 4:46
  This is where it gets really interesting.
• 4:48
  And they insisted he didn't publish the Twitter boss's
• 4:51
  address, didn't say anything about where Elon was.
• 4:54
  Musk got upset and said no, that's not true at all.
• 4:58
  But then Musk left. The chat just left.
• 5:02
  And I want you to hear this because I think you're gonna get
• 5:05
  something out of this. You're gonna see how Elon acts
• 5:08
  when he's confronted by these journalists.
• 5:10
  Elon, thank you for joining. I am hoping that you can give a
• 5:14
  little more context about what has happened in the last few
• 5:19
  hours with a handful of journalists being banned.
• 5:22
  Yeah. Well.
• 5:23
  As I'm sure everyone of you who's been Dachshund would
• 5:26
  agree, you know, showing real time information about
• 5:30
  somebody's location is inappropriate.
• 5:32
  And I think everyone on this poll would not like that to be
• 5:35
  done for to them and and, but there is not going to be any
• 5:38
  distinction in the future between journalists or both
• 5:40
  journalists and and regular people.
• 5:42
  Everyone's going to be treated the same.
• 5:43
  They're not special because you're a journalist.
• 5:45
  You're just. You're you're just.
• 5:46
  You're you're a Twitter. You're just you're a citizen, so
• 5:49
  no. Especially your docs.
• 5:50
  Your docs. You get suspended in a story.
• 5:52
  So and and and and and and Ban evasion.
• 5:55
  Ban evasion. Or like or or trying to be
• 5:57
  clever about it like. Oh, I posted a link to the real
• 6:00
  time information. It's obviously that is obviously
• 6:03
  simply trying to evade the the the meaning.
• 6:06
  That is, there's no different from hidden paste than actually
• 6:09
  showing real time. So when you're saying posting a
• 6:11
  link to it, I mean some of the people like Drew and and Ryan
• 6:14
  Mack from the New York Times who were were banned were were, you
• 6:17
  know, they were reporting on it in the course of sort of pretty
• 6:21
  normal journalistic endeavors. You consider that like a tricky
• 6:26
  attempt at ban evasion. You show the link to the real
• 6:29
  time information ban evasion, obviously.
• 6:32
  I I drew I don't think you were posting the real time
• 6:36
  information right? I mean, well you're you're
• 6:39
  suggesting that we're sharing your address, which is not not
• 6:43
  true. And you're suggesting that we're
• 6:45
  we're posting we never I I never posted your address.
• 6:50
  You posted a link to the address.
• 6:53
  We posted a link we in in the course of reporting about Elon
• 6:57
  Jet. We posted links to Elon Jet
• 6:59
  which are now not online and now banned on on Twitter and and
• 7:04
  Twitter also of course marks even the Instagram and Macedon
• 7:08
  accounts of Elon Jet as as harmful using you know, we have
• 7:12
  to admit acknowledge using the same exact link blocking
• 7:16
  technique that you have criticized as part of the Hunter
• 7:20
  Biden New York Post story in 2020.
• 7:22
  So what is different here and there for me?
• 7:25
  It's it's no more acceptable for me, For you, that is.
• 7:29
  For me, same thing so. Anyway, so it's unacceptable
• 7:33
  what you're doing. No.
• 7:35
  What? Your your docs.
• 7:37
  You get suspended and the story. That's it.
• 7:40
  Elon, I have to ask. I mean, I think what everyone's
• 7:43
  wondering is it, it's highly unusual for journalists at the
• 7:46
  Washington Post and the New York Times to be how their Twitter
• 7:50
  accounts suspended. And it just so happens that
• 7:52
  it's, you know, the the boss in charge, you know.
• 7:55
  So, you know, what's the deal there?
• 7:59
  Oh, I think. I think Elon has has left.
• 8:04
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• 10:15
  I guess that's unfortunate, because yeah, I mean.
• 10:19
  Yes, what the difference is? There, you know not.
• 10:22
  Trying to I was raring though guys, and some of the suspected
• 10:25
  accounts belong to reporters who recently covered or tweeted
• 10:29
  about the dispute between Musk and Elon Jet.
• 10:33
  Now, Elon Jet, His real name is Jack Sweeney, and he's a
• 10:36
  freshman in Florida. And he was tweeting about Elon's
• 10:40
  private jet, the approximate location of it.
• 10:43
  There's public flight data for his jet, and it's out there for
• 10:47
  anybody else to find and to use and post anywhere they want to.
• 10:51
  But Elon doesn't want it on Twitter.
• 10:52
  So think about this for a second.
• 10:54
  It's a private company, and private companies can make their
• 10:58
  own rules as long as they follow the rule of the land.
• 11:01
  So like we were saying before the EU, the Block, they have
• 11:04
  some laws coming into the books early next year that will find
• 11:08
  people and find organizations for this kind of behavior.
• 11:12
  But also it's a private company in the United States.
• 11:14
  So Elon can do whatever he wants to do to make the platform
• 11:18
  however he wants to make it. And if he says the doxing and
• 11:21
  real time data isn't a good thing on the platform, then
• 11:25
  sure, he can ban those people and he can make a rule that
• 11:28
  shows that that's not an acceptable use case for the
• 11:31
  platform. And Musk also said that the
• 11:35
  suspension of these accounts for the journalist had been lifted.
• 11:41
  OK, so they've been appealed. Elon has lifted the suspensions.
• 11:44
  But also Elon said they posted my exact real time location,
• 11:50
  basically assassination coordinates, in direct violation
• 11:54
  of Twitter terms of service. Seven day suspension for doxing
• 11:57
  some time away from Twitter is good for the soul, Musk said in
• 12:01
  a later tweet. But assassination coordinates,
• 12:05
  because a jet was being tracked, I don't know if he was going a
• 12:13
  little bit above in that, if you know what I'm saying.
• 12:16
  If he's talking about, you know, he was afraid for his life, you
• 12:19
  know, somebody literally jumped on the car of his child during
• 12:24
  this whole fiasco That was the Elan jet fiasco.
• 12:30
  And they rattled around a little bit.
• 12:31
  And then Elon, which is a funnier thing, not even funny.
• 12:34
  This is kind of a, it's a, it's a it's a horrible thing to do to
• 12:37
  somebody. He basically doxed a person, his
• 12:41
  own Twitter account with 150 million followers.
• 12:44
  But Elon posted a video on his Twitter account of somebody
• 12:49
  sitting in their car. They had a mask on.
• 12:51
  They had a, you know, they had a hat and a mask on.
• 12:53
  They were dressed in black. He didn't have any proof that
• 12:56
  this person was doing anything wrong, but he posted this
• 12:59
  person's likeness, and not only that, their license plate number
• 13:05
  on his Twitter account and said and asked if anybody had
• 13:09
  information about this person. So he's basically asking
• 13:13
  somebody else to dox this person for him.
• 13:16
  Hey, do you have any information about this person?
• 13:17
  And if you do send it over to me, if that's not something that
• 13:22
  we should be informed about and aware about and think about in a
• 13:26
  little bit broader context, I don't know what is.
• 13:30
  So the little bit more context about the the rattling of Elon
• 13:35
  and his child. I'll get into that in one
• 13:37
  second. And in order to unsuspended all
• 13:41
  of these accounts, Elon posted a poll on Twitter.
• 13:45
  Now this is where it gets a little bit more interesting too.
• 13:47
  Posted a poll on Twitter to his 141 million followers.
• 13:52
  The poll was unsuspended. Accounts who doxed my exact
• 13:56
  location in real time now there's 4 answers here, now,
• 14:02
  tomorrow, seven days from now and longer. 43% voted for now,
• 14:11
  4% voted for tomorrow, 14% voted for seven days from now, and 39%
• 14:19
  voted for longer. So seven days from now and
• 14:22
  longer got the most amount of votes together and now and
• 14:25
  tomorrow equaled 47%. So seven days from now and
• 14:29
  longer have more than 50%. So people thought that maybe
• 14:33
  people should be banned for a little bit longer than a day or
• 14:37
  two, you know, So Elon posted that and he apparently didn't
• 14:43
  like the way that that turned out.
• 14:45
  He, I guess he didn't like the way that the poll ran and it
• 14:48
  wasn't. You know we don't really have
• 14:49
  any back end information to see what Elon was thinking with this
• 14:53
  poll if he should have made it easier, but he did.
• 14:56
  He made it easier. He made it easier into a a poll
• 15:00
  with just two question or two answers here.
• 15:04
  So as opposed to the four he did 2 answers, one was now and one
• 15:08
  was in seven days and the tweet said unsuspended accounts.
• 15:12
  Who docks my exact location in real time.
• 15:15
  The first answer is now and the 2nd is in seven days now got 58
• 15:22
  percent, 58.7% of the votes and in seven days he's got 41.3% of
• 15:29
  the votes. So now one easily with 58.7% of
• 15:34
  the votes. So and that was December 15th
• 15:37
  2022 at 11:34 PM and we have a verdict for this.
• 15:45
  Everybody has been unbanned that has been suspended for doxing
• 15:50
  his exact location in real time. As Elon puts it, he he didn't
• 15:54
  put it in quotes, he just put it as my exact location in real
• 15:58
  time and remember these his assassination coordinates as he
• 16:02
  put them and he wants to unsuspend them now.
• 16:05
  Does that seem safe to you? Just think about that for a
• 16:07
  second. If these people are going to
• 16:09
  really dox you. If Elon thinks that there's a
• 16:10
  harm being done by these people, would he unsuspend them?
• 16:15
  Critical. Think that for a second.
• 16:17
  If you know people are out to get you, would you unsuspend
• 16:21
  them now or in seven days or ever?
• 16:24
  So he left it up to the voting on Twitter, which I don't know
• 16:28
  if you trust that there were 3.690639 votes, 3.69 million
• 16:37
  votes on this, and 58.7% said yes, now do it.
• 16:41
  So Elon said, OK, we're going to do it.
• 16:43
  So he unbanned those accounts, those people that were tweeting
• 16:47
  his exact assassination coordinates.
• 16:51
  So, and and I I see this as somebody who likes to think of
• 16:55
  both sides of things, you know, even something like this, you
• 16:58
  have to be journalistic about it.
• 17:00
  You have to think of both sides of it.
• 17:02
  Were these journalists thinking, look, we're just reporting out a
• 17:06
  story, You know, this is going to grab headlines, This is going
• 17:09
  to make us some money. This is going to drive people to
• 17:11
  our article, which is going to bump up our numbers.
• 17:15
  We can keep our jobs for a little bit, you know.
• 17:17
  That's kind of how journalism has always gone.
• 17:19
  There are journalistic in integral parts of our
• 17:23
  communities, right? So we have people that just
• 17:27
  report the news. No spin, no catchy headlines,
• 17:31
  Just a picture of the thing that's going on or a video of
• 17:34
  the thing that's going on and facts, right?
• 17:38
  Or you can write about some stuff with some crazy headlines
• 17:42
  and a crazy content that'll get a bunch of clicks.
• 17:47
  And these people were reporting on the Elon Jet account and
• 17:52
  saying, yeah, OK, he's following.
• 17:54
  He's been following Elon for the longest time.
• 17:57
  But also in an earlier tweet about three months ago, Elon
• 18:01
  posted that when he takes control of Twitter, he's not
• 18:06
  going to or is 34 days ago, I believe less.
• 18:09
  It was about a month ago. He's not going to ban the Elon
• 18:13
  jet account because why would he?
• 18:16
  It's free speech, right? Elon is a proponent of all free
• 18:19
  speech. Everything should be allowed.
• 18:23
  And if this data is public data that anybody can go out and get,
• 18:29
  it's literally transmitted over the airwaves for pilots and for
• 18:35
  airports. Anybody can tap into this.
• 18:38
  It's just data, you know. Do you suppress that free speech
• 18:43
  by suspending that account, by doxing a location?
• 18:46
  That's what Elon says. It's a it's a dox of a location.
• 18:49
  Do you suppress that as free speech?
• 18:51
  If it's free and open data, is that free to use?
• 18:55
  Is it, you know, it's out there in the airwaves.
• 18:59
  Anybody can get it. Think about it for a second.
• 19:02
  What would you do in this situation?
• 19:04
  Elon says it's a it's a security risk for him and his family.
• 19:09
  And I totally understand that. And I'm I'm not trying to invoke
• 19:13
  any emotions with anybody here. But if if it's going to harm you
• 19:18
  and your family or anybody else's family or anybody else's
• 19:21
  children, anybody's, parents, grandparents, friends, anything,
• 19:26
  should there be limitations on this sort of speech?
• 19:31
  Is that sort of the going into a a movie theater or a public
• 19:35
  place in yelling fire? Is that the same thing?
• 19:38
  I want to think about that for a moment because I'm doing
• 19:42
  reporting on the incidents that happened.
• 19:45
  But also this is a broader sort of conversation that people
• 19:48
  should be having about a social media at this time.
• 19:51
  Because somebody just took over one of the biggest social media
• 19:54
  platforms on earth and now has the reins to it and it has all
• 19:59
  of the power over and can make kind of arbitrary choices what
• 20:02
  the rules are. So is this OK to track
• 20:05
  somebody's plane? Due to public information, you
• 20:08
  know, can you use public information information for
• 20:10
  that? So that's where Elon is at right
• 20:14
  now. He believes it's doxing and he
• 20:16
  unsuspended the accounts who doxed his exact location in real
• 20:20
  time. He unsuspended all of them.
• 20:22
  So he was true to his word in that sense, suspended them, gave
• 20:27
  him a little warning and said, hey, don't do this again.
• 20:29
  And those accounts have been published again.
• 20:31
  They can publish things in their past tweets.
• 20:33
  If they are doxing, they've been removed.
• 20:36
  But also if you try to post links to other websites or other
• 20:41
  apps that track Elon Jet, there's a new Reddit, there's a
• 20:46
  new subreddit about Elon Jet, and it tracks Elon's real time
• 20:52
  in his jet. And you cannot post to that
• 20:55
  anymore because of Twitter's new rules banning any sort of real
• 21:00
  time exact location data that you post to Twitter.
• 21:05
  So just something to think about.
• 21:09
  And on November 9th Elon Musk tweeted, Please note that
• 21:13
  Twitter will do lots of dumb things in coming months.
• 21:16
  We will keep what works and change what doesn't.
• 21:20
  So you have it right there from Elon that he said we're going to
• 21:23
  make mistakes. And if you see the banning of
• 21:25
  Elon Jet or those journalists as a mistake, that's a possibility.
• 21:31
  Investors in Tesla that are worried about what Elon's doing.
• 21:37
  Over at Twitter, Elon has promised that Tesla would
• 21:40
  benefit from his Twitter buyout. But Wall Street is thinking the
• 21:44
  other way and he's some people at Wall Street are thinking that
• 21:47
  he's using Tesla as sort of a bank account for Twitter.
• 21:54
  SEC filings revealed Elon sold $3.6 billion in Tesla stock.
• 22:02
  So analysts have been speculating that this money will
• 22:05
  help cover Twitter's deficits. And that's kind of a concerning
• 22:09
  thing for a lot of investors. You don't want the head of the
• 22:14
  company to draw money out of that company and put it into
• 22:18
  something else that you don't know what this $3.6 billion or
• 22:23
  how this $3.6 billion is going to make you money.
• 22:27
  That's what you're in it for, right?
• 22:29
  So you buy stocks in a company because you want to make money.
• 22:31
  You want to support their company.
• 22:33
  Of course you know you want to support Tesla in whatever they
• 22:36
  do. But also you put money into this
• 22:39
  company because you want to see a return on your investment.
• 22:43
  If you put $100 in Disney in the beginning, you are rich beyond
• 22:48
  compare. I don't know if you're rich, I
• 22:50
  don't know what the numbers are to be honest with you, but you
• 22:53
  have you have a good a good amount of money.
• 22:56
  Now if you put 1000 dollars, 2000 dollars, $3000, $20,000
• 23:00
  into Disney at the at the beginning, you have a pretty
• 23:02
  good chunk of change. And you know there's there's a
• 23:06
  bunch of people at these at these meetings and these
• 23:09
  investor meetings that are saying we don't really like
• 23:11
  this. We don't understand why you're
• 23:13
  taking 3.6 billion dollars of your stocks and trading them
• 23:17
  out, selling them all and then taking this money and putting
• 23:20
  into Twitter, which that doesn't have anything to do with Tesla.
• 23:23
  Why you? Why you spending $3.6 billion of
• 23:26
  your stock? And mind you This is Money that
• 23:28
  Elon has earned through his his options through the company.
• 23:32
  So it's his money. But also these stocks are going
• 23:36
  out to other people and not being held by Elon at this
• 23:39
  point. So this brings the total of
• 23:41
  Tesla stock that Musk sold this year to $23 billion.
• 23:47
  People thinks this is kind of a shake up, because if you take
• 23:51
  $23 billion away from Tesla and you give it to other people, you
• 23:56
  know, sell it to other people, of course you're gonna make the
• 23:59
  money. Elon's gonna use that money for
• 24:00
  things like SpaceX. He's gonna use that money for
• 24:03
  things like Twitter, Boring Company and his charitable
• 24:07
  endeavors, but also this recent $3.6 billion.
• 24:11
  It was in the same time frame that Elon took over Twitter.
• 24:16
  So Elon promised that in the long haul, Tesla would benefit
• 24:22
  from his ownership of Twitter, though, and analysts aren't
• 24:27
  really on board with that. Dan Ives at Wedbush wrote in a
• 24:31
  report Thursday that Twitter remains a nightmare for
• 24:35
  investors because Musk has been using, quote, Tesla as his own
• 24:40
  ATM machine to keep funding. End Quote.
• 24:44
  So ATM machine. I've always had a problem with
• 24:46
  that because ATM means automated automated teller machine.
• 24:51
  But if you do ATM machine, automated teller machine
• 24:54
  machine, it's always silly. But I I digress.
• 24:58
  Twitter's you know their their stock's down a little bit too.
• 25:01
  There's some shareholders that are not really happy.
• 25:04
  The third largest individual shareholder calls for a new CEO
• 25:09
  as Twitter continues to take the money away from Tesla.
• 25:13
  So patience and Tesla is wearing thin and Elon is spending a lot
• 25:19
  of his time running Twitter at this point.
• 25:20
  But Elon tweeted not so long ago that he is not really in the
• 25:26
  day-to-day operations of both SpaceX and Tesla at this point.
• 25:30
  He does help out, he does his thing.
• 25:33
  Now Elon has people in charge to do the day-to-day operations for
• 25:38
  Tesla and SpaceX, Boring Company and Neuralink as well.
• 25:42
  Those companies aren't small, fast, nimble startups anymore.
• 25:45
  They're legit companies, and they're making millions and
• 25:48
  billions of dollars hand over fist.
• 25:50
  So he doesn't need to be there every day, sleeping on the floor
• 25:53
  like he used to, because that's something you would do at a
• 25:56
  startup. You'd spend all of your time
• 25:58
  there because you need to make this thing work.
• 26:00
  Tesla's third largest individual shareholder, Kogiyang Lio is
• 26:05
  calling for a new CEO of Tesla, which would allow Musk to focus
• 26:10
  on his other ventures like SpaceX and Twitter.
• 26:14
  Aleo said Elon abandoned Tesla and Tesla has no working CEO.
• 26:19
  Tesla needs and deserves to have working full time CEO.
• 26:24
  That's what they tweeted on Wednesday, and they have a 22.7
• 26:27
  million share position in Tesla as of September and it's worth
• 26:32
  $3.57 billion. They built their stake in Tesla
• 26:36
  during the early days of the COVID-19 pandemic, when the
• 26:40
  stock traded at a split and adjusted price of about $40
• 26:44
  compared to today's 150. Some odd dollars and it
• 26:48
  fluctuates a little bit. It was $155 at the time of this
• 26:52
  recording. It's been going down a little
• 26:54
  bit and Tesla shares are down 55% Year to date.
• 26:58
  In The stock has erased about $225 billion in market value
• 27:02
  since Musk close. His deal to buy Twitter in late
• 27:06
  October raised about $225 billion in market value, and the
• 27:11
  decline came at the time when the S&P 500 climbed more than 3%
• 27:17
  up. So investor concerns are real.
• 27:19
  Wedbush Dan Ives called Musk's Twitter venture circus and quote
• 27:24
  the Twilight Zone. So Elon is in charge of Twitter,
• 27:29
  taking time away from his time at Tesla and $3.5 billion Stake
• 27:36
  investor wants more time with Elon or wants a new CEO.
• 27:42
  If Elon doesn't want to leave Tesla, he could have another
• 27:46
  role in the company. Still get his shares, Still get
• 27:48
  his money and use that money for Twitter.
• 27:51
  Use that money for SpaceX. Every year he takes up money for
• 27:53
  his ventures on the side. He's an employee, according to,
• 27:59
  you know, some people in the company, you know, some higher
• 28:02
  ups. The stock holders there, they're
• 28:04
  the people in charge. They're the people that have all
• 28:07
  the money invested in Tesla. So if they call for a new CEO,
• 28:12
  they could get a new CEO. They could, they could force a
• 28:15
  new CEO. You know, Tesla's grown up.
• 28:18
  Tesla is a big company now. They're a corporation.
• 28:20
  They, they make vehicles. E VS for millions of people now.
• 28:26
  And it's a thing to be in the business and to be in charge of
• 28:31
  the business and be there in day-to-day operations or to have
• 28:35
  five other things going on like Elon does.
• 28:38
  And if you can take care of those five other things, that's
• 28:40
  great. Most people can't.
• 28:42
  If I have 5 things to do, I would go crazy, especially on
• 28:46
  the scale that Elon has. I mean, I don't think anybody
• 28:50
  could really take care of that in such a way that it would be
• 28:54
  beneficial to everybody involved in every single one of those
• 28:57
  companies. If I were in charge, all the
• 28:59
  one, all of those companies wouldn't make it, to be honest
• 29:02
  with you. But Elon has a way about him
• 29:06
  that he can do multiple tasks in a very, very high level that
• 29:11
  most people can't even think about doing.
• 29:13
  So is it OK for him to be let go as the CEO and take another role
• 29:18
  in the company, maybe head engineer, you know, something
• 29:22
  like that? Who knows?
• 29:23
  We'll see you in the next few weeks, maybe a month or so to
• 29:25
  see what the shares do at Tesla and if the stockholders, if the
• 29:29
  shareholders are going to put Elon's feet to the fire and
• 29:33
  either have him spend more time on Tesla or get rid of him and
• 29:38
  put somebody in his place. Hey, thank you so much for
• 29:40
  listening today. I really do appreciate your
• 29:43
  support. If you could take a second and
• 29:44
  hit the subscribe or the follow button on whatever podcast
• 29:47
  platform that you're listening on right now, I greatly
• 29:50
  appreciate it. It helps out the show
• 29:52
  tremendously and you'll never miss an episode.
• 29:55
  And each episode is about 10 minutes or less to get you
• 29:58
  caught up quickly. And please, if you want to
• 30:01
  support the show even more, go to patreon.com/stage Zero and
• 30:07
  please take care of yourselves and each other and I'll see you
• 30:09
  tomorrow.