35 Burst results for "Elon"
Elon Musk sells $7B in Tesla shares ahead of Twitter fight
"Hi Mike Gracia reporting Elon Musk sells $7 billion in Tesla shares ahead of his fight with Twitter Elon Musk has readied for his court battle with Twitter by selling nearly $7 billion worth of shares in Tesla in a series of regulatory filings Musk disclosed he sold about 8 million shares of Tesla incorporated in recent days Musk offered to buy Twitter earlier this year for $44 billion and then tried to back out of the deal He claimed Twitter was infested with more spam bots and fake accounts than the social platform had disclosed Twitter sued to force the deal to conclusion At last week Musk countersued Musk is by far the largest individual shareholder
The Democrats Want You to Be Government Dependent
"They're evil, these who can defend the Democrats. Nobody. If there's a perspective here, they're not passing, they're not signing these bills into law and doing things like that. They're not doing this just for the heck of it. They have an agenda. They want to take over the country. They want you to be government dependent. That's why I was wondering the other day I said, why would they do this? This is like a death sentence for them. Well, because they're going to rig the election anyway. In their minds, they're going to rig the election, so they'll get who they want to get in there. And then they're going to force this down our throats, and they're going to turn into a totalitarian government. And I said this before, Elon Musk's girlfriend said it, that they're going to create AI to supplement the middle class. Now, it seems like a far stretch today. I don't think it's a stretch for the future. If you have electric cars, what do you need Uber for?
The Inflation Reduction Act Will Tax the Poor
"Elon Musk was worth $250 billion, and he didn't pay taxes why. Because he didn't draw the money. Because his college capital gains tax, if you don't draw the money, you give yourself a little bit of money, even though you're worth, I don't know how much. And God knows how much Tesla is paying for his living. He is not going to pay no real taxes. And then I started finding out from people that I know they got a lot of money they talk about a trust. You put money into the trust, you draw from the trust. I made people put money in a life insurance. I mean, that's all kind of ways that people that got real money, that they divert taxes. So this tax increase due to this quote unquote inflation reduction act is not going to affect wealthy people, they're not going to have a tremendous effect on major corporations. They're going to kill these small businesses and they're going to, they're going to kill the average American person that's the consumer.
Musk says Twitter deal could move ahead with 'bot' info
"Elon Musk says his Twitter takeover could move ahead with additional spam information Elon Musk says his plan $44 billion takeover of Twitter should move forward if the company can confirm some details about how it measures whether a user accounts are spam bots or real people The billionaire and Tesla CEO has been trying to back out of his April agreement to buy the social media company that led Twitter to sue him last month to complete the acquisition Musk then countersued accusing Twitter of misleading his team about the two sides of its user base and other problems he said amounted to fraud and breach of contract both sides are headed toward an October trial in a Delaware court I'm Shelley Adler
Twitter breach exposed anonymous account owners
"Twitter says a still unknown number of owners of anonymous accounts might have had their identities compromised last year A since fixed vulnerability in Twitter software was apparently exploited by a malicious actor While the company says it doesn't know the extent of the global exposure the digital advocacy group restored privacy says data presumably attained through the vulnerability was being sold for $30,000 on a popular hacking site and more than 5 million identities may have been exposed Many people with anonymous Twitter accounts do so to protect their profiles for security reasons that include fear of persecution by repressive authorities The revelation comes at a time that Twitter is in a legal battle with billionaire Elon Musk over his effort to back out of his $44 billion offer to buy Twitter I'm Tim McGuire
Musk response to Twitter lawsuit to be made public by Friday
"I'm Mike Gracia reporting Elon Musk's response to the Twitter lawsuit will be made public this week Elon Musk's response to Twitter's lawsuit over his attempt to pull out of a $44 billion offer to buy the social media company will be filed publicly by Friday During a teleconference Wednesday Chancellor Kathleen saint Jude McCormick directed the public filing be docketed by 5 p.m. Friday Lawyers representing Musk wanted to file a public version of their answer and counter claims in Delaware court Wednesday But Twitter's attorney said they needed more time to review and possibly redact
The Inflation Situation Continues to Be a Real Thorn in Our Side
"Situation continues to be a real foreign in our side, right? As a nation and as an economy. And it's an issue of whether or not the Federal Reserve can intervene and do so in a way that doesn't actually send us into recession. And I should say big recession because you know I've said before, I think we're already in recession. That's like, that's a fade accomplish. We are most likely in a recession right now when it's all said and done. That's what you're going to see. So the question becomes, how bad does it get in light of what the Federal Reserve thinks it needs to do? Larry summers, former treasury secretary under Bill Clinton, and also head of the national economic council under Barack Obama has been very outspoken on this. He actually has taken a lot of heat from his own party because he said all along that these policies have been tremendously inflationary and then the fed would step in and probably overstep its bounds and do too much in consequently put us into a challenging recession.
Elon Musk Is Facing a Serious Challenge in the Delaware Court
"Get into what's going on here with Twitter because it's significant and know that when I'm talking to you, you're hearing from somebody who's a huge fan of Elon Musk and believes that he's quite a visionary that has seen things long before anyone. But in terms of this particular deal, I'd be really surprised if it doesn't close. And I say that because you know what, you got contracts and you got courts and all of that stuff matters. Now, to his point, he's saying, look, you know, there's spam accounts. There's bot accounts and because of those bot accounts, I couldn't give a real valuation for the company. Well, the problem for him is that he said that before. In fact, you may have even tweeted that before. He did this deal. And so consequently, the company is going to say, hey, well, you knew, you actually even tweeted the stuff yourself. That's going to be a problem. The other thing that is a problem here is just the Delaware court itself. I mean, once you strike a deal, you kind of have to go through with it. If they don't go through with it, then it actually would put in jeopardy. Any other deal than any other business makes in the Delaware court kind of prides itself on being the gold standard in terms of being able to govern businesses. So while he may say gee, you know, I don't think it's worth the 54 20 to share it. I don't think it's worth 44 billion the companies going to argue as they have that he's just looking for an escape valve because the market went south and he doesn't want to pay as much.
Twitter-Musk takeover dispute heading for an October trial
"The Twitter must take over dispute is heading for an October trial I'm Lisa dwyer with the latest Elon Musk has lost his fight to delay Twitter's lawsuit against him A Delaware judge has set the trial for October saying that a delay would threaten irreparable harm after the billionaire backed out of a deal to buy it Twitter wants the billionaire to make good on his April promise to buy the social media company Musk who's the world's richest man pledged to pay $54 and 20 cents a share for a total of 44 billion Musk claims that the company has failed to provide adequate information about the number of fake or spam bot Twitter accounts and that it has breached its obligation under the deal by firing top managers and laying off a significant number of employees Twitter argues that Musk's reasons for backing out are just a cover for buyers remorse after agreeing to pay 38% above Twitter stock price shortly before the stock market stumbled and shares of the electric carmaker Tesla lost more than 100 billion of their value I'm Lisa
Eric's Thoughts on Elon Musk's Twitter Saga
"Okay, next question, thoughts on Elon Musk withdrawing his offer for Twitter from Twitter. Actually, no, I don't have many thoughts on that. Elon Musk is basically a good dude. And I think he's, you know, he's kind of like Donald Trump in the sense that he's not going to tell you what he's thinking. And so I think we should just, you know, see what happens. But I trust his instincts and I think that he knows what he's doing and we shall see. Yeah, we should trust a billionaire who's made billions to maybe make the right decision
Gettr's Jason Miller on the Ongoing Twitter vs. Elon Musk Legal Saga
"With this right now is the man behind getter, Jason Miller, Jason, welcome to the program. How are you? Thanks for having me. I'm doing great. So Elon Musk pulls out of the Twitter deal. It's a little unclear what's happening with all of that. Can you game us out kind of game this out for us? How do you see this ending, Twitter is suing Elon, you know, some people thought the deal would never go through altogether. Thankfully, we have getter as this amazing robust free speech platform, what are your thoughts? Yeah, so even though Twitter obviously is a competitor and it would hurt if Elon Musk took over. What Elon Musk was trying to do with Twitter was the right move for free speech. He was trying to get some sense of normalcy back to the blue bird, try to get some kind of control back for our voices. But what he found, what he ran into was this brick wall of liberal ideology, where he realized the culture of that company was not going to change even if he was in charge. So now this thing looks like it's going to explode. You have Musk. You have Twitter, they're fighting each other. I don't know who's going on the legal side, but there is the big question of what's actually going to be left. I mean, it's essentially a pile of rubble at this point.
Dinesh Examines the Ongoing Feud Between Trump and Musk
"There is a public skirmish going on between Donald Trump and Elon Musk. Which I think is unnecessary and in fact kind of pointless for both sides. But let me describe it first and then comment on it. So this got started when Trump was in Alaska. This was a rally that Trump did for Sarah Palin. But also for Kelly shabaka, who's been on the podcast running against Lisa Murkowski. And Trump began to talk about left wing censorship. And then he goes, quote, Elon is not going to buy Twitter, he goes, where did you hear that before from me? So this is actually Trump being correct. Trump actually predicted that that Musk would give up on the Twitter deal and pull out. And in fact, when Trump said that, no one really else was saying that. Most of us thought, well, Musk is going to want this platform, and even if he ends up overpaying for it, what's it to Musk? I mean, when you have $250 billion and you spend 44, yeah, it's a sizable chunk, but on the other hand, you get to have fun on Twitter, you are the boss. And so this is not I didn't think and others didn't think that Musk would sort of nickel and I am this. But Trump was right. So now, Trump comes back on to say, well, he might later. He's got a pretty rotten contract, not a good contract. So Trump evidently thinks that Musk is over a ping. For Twitter, but then Trump goes on to say he's actually talking about Musk's statement that he first voted. His first Republican vote. Said Musk was from Myra Flores. Another one of our pals, who's been on the show, but Trump then kind of marks Elon Musk and he goes, you know, he said the other day, oh, I've never voted for a Republican. And then Trump says, he told me he voted for me. So evidently, Musk met with Trump for earlier. And apparently Trump says that he told Trump, I voted for you, so that's the case, obviously Musk has voted for a Republican before, and then Trump this, I think, is the unnecessary part, calls Musk a quote BS artist.
Twitter Sues Elon Musk to Hold Him to $44 Billion Deal
"Back to Twitter right now. I guess this is the stock to buy. Or it was, anyway, both on a Friday and then going into Monday as we got word that Elon was just bailing on the whole deal because as I told you, he can't really just bail on it. Like there's a signed contract and the Delaware courts are pretty strict about these things like material adverse change or material adverse effect. He's going to have to somehow prove it. And look, I'm in, hey, maybe that's his goal. Maybe he just wants to take down the companies. If I have to spend $44 billion or a ton in legal fees, whatever it is, I'll do it. But all that said, it's going to be pretty tricky. In other words, he might just still ultimately be on the hook for all this money. Maybe he negotiates a lower price. I mean, there could be a situation where the board's like enough enough. We can't take it anymore. We just want the guy gone. Look, LVMH and Tiffany, they were able to come to a deal LVMH was buying Tiffany and it happened during 2020 and the economy had completely tanked. And so consequently, LVMH say, hey, we don't want to pay as much. And Tiffany agreed to it. And they didn't really have to, but I think they just didn't want to spend all that time in court. The question is, does Twitter want to spend all that time in court? They may say, hey, sure. What else? We got nothing to lose. So watch that very, very carefully. We saw as the news came out and after hours trading that the stock traded higher and you would have seen in Tuesday's trading as well that it traded higher. I think because people are coming to the realization now that they've read the merger agreement as I have that he doesn't quite have a clear path
Twitter sues to force Musk to complete his $44B acquisition
"Twitter has sued Tesla CEO Elon Musk to force him to complete a $44 billion acquisition of the social media company I'm Ben Thomas with the latest In a fiery filing Twitter accuses the Elon Musk of violating the merger agreement because quote the deal he signed no longer serves his personal interests The billionaire said Friday he was backing off his April agreement to bind the company alleging Twitter has failed to provide enough information about the number of fake accounts on its service Twitter said last month it was making a fire hose of raw data available to Musk The suit accuses him of trashing the company disrupting its operations destroying stockholder value and walking away Musk replied in a tweet owe the irony LOL No further explanation I'm Ben Thomas
It's Down to Donald Trump or Ron DeSantis for a MAGA Presidency
"The only controversies were what they did because they were so mortified at an America first president. You know, I like Elon Musk, I think. I don't know. I don't know much about him. He sounds like a kind of kooky eccentric, brilliant guy. At the end of the day, he's wrong on this. America needs Trump. Now, maybe we'll get Trump by way of Ron DeSantis. But it's down to Trump or Ron DeSantis. Do you see anybody else? Do you see anybody else? You know, we talk in the dream sweepstakes of politics. We talk Trump in 2024 and a Trump desantis ticket so that after four years of a Trump desantis term, it'll then be desantis for 8 years and will have at least 12 years of an America first maga presidency. But what about outside of Donald Trump or Elon Musk? Who is there?
Elon Musk Says Trump Should Gallop off Into the Sunset
"You glad we got rid of that no mean that the mean tweet guy? Are you glad? Are you satisfied? Elon Musk is saying that Trump needs to just hang up his spurs and gallop off into the sunset. And I saw there was a radio host. I think it was Joe peggs, Joe peggle. Better known as Joe pegs because I can't say his last name either very well. And he directly tweeted to Elon Musk. Wait a minute. What about his policy? Do you disagree with? Historic economy, jobs, border security. He went through the whole list of all the things that Trump accomplished in the four years. Musk's tweet said, I don't hate the man, but it's time for Trump to hang up his hat and sail into the sunset. And Joe pegs said to Elon Musk. Well, yeah, what about all this list of policy achievements? Because any smart and savvy business owner is grateful for Trump's presidency, especially compared to what we're going through now.
Kavanaugh Dinner Targeted by Abortion-Rights Activists
"I'm still very curious. As to an argument and I want to, is there anyone who listens to my radio show that is willing to argue the validity of abortions, I don't see that it makes sense. Just recently, AOC, which the book chief bandit, I don't know why she's celebrating the fact that Justin Brett Kavanaugh literally got protested out of a restaurant, Morton's steakhouse, in downtown Washington, because he was one of 6 Supreme Court Justices who decided that roe V wade or abortions should have never been a constitutionally protected. I don't understand as a woman. And I'm not a woman, but I'm married to a woman, and I came out of a woman, okay? Who came out of a woman who came out of a woman. You get the drift. I don't understand how a person can feel that their rights have been taken away from them, and they have been disenfranchised in this country because they can not have abortions.
The Fantasy of a Gun Free Country
"I want to continue the conversation about these crazy lunatics like Michael Moore, who want to restrict guns at all costs. And they want to really, I don't know what word they live in. Because the people in my opinion who were in government who want to restrict guns are out of touch with reality. Because they have nothing but armed people protecting them every single day. Michael Moore and others believe that people shouldn't have guns. Why do you need a gun to protect you? There's always the police. Well, you know that's one or two police officers for every thousand person. So persons, I guess that have been a word to say. So how do they help you? If you get into something right now, as we speak, bang, bang bang, bang, somebody start shooting. What's going to happen to you? First of all, you got to have the wherewithal to get your phone, hopefully you didn't get struck in your hands, face, neck, back, to where you can dial the 9-1-1. And how many of you guys right now know exactly what your location is? And in a full panic, you can tell the police officer is exactly where I'm at. I'm at this location at this intersection at this time and you're smooth. And most people don't know where you are, especially in a panic situation, you don't know if you sat, you don't know if you know it, south, east, west, you may know what street you own, you don't know what a cross street is. And then you got to relay all this information to a dispatcher who's telling you, sir, calm down, sir. What's your name? Sir, how many times were you shot? Sir, did it hurt? Or did it not hurt, sir? How many other people were shot, sir? Is the suspect tall? Is he short? Sir? Stop dying to answer my question, sir. This is what's going to happen to you, you call 9 one.
"elon" Discussed on Techmeme Ride Home
"It's all going to be pretty awful and stupid. End quote. Now, you might have heard there's a bunch of stuff in there about something called specific performance and something I believe called a court of chancery in the state of Delaware. It's all legal stuff that I don't understand because I'm not a lawyer. But this did all lead me down a rabbit hole and I found some stuff from actual lawyers that might be useful. So let's end today with this. My assumption all along has been that Elon could just pay the $1 billion breakup fee and walk away, right? It would be an expensive mistake on his part, but all things being equal for Elon, not the most expensive mistake he could make in the world. Again, for Elon, let me stress that. But what if that's wrong? This is a tweet thread from Rafi, melatonin, appellate lawyer at right close and barger in Houston with a 5th circuit and Texas appellate practice, apparently. Quoting him. There's a lot of confusion on my timeline about whether Elon has the right to walk away from the Twitter deal for $1 billion. No, he would write that check right this second if he could walk away. The agreement allows Twitter to try and make him buy the company at the price he agreed. Objection number one. Yeah, but no one really orders specific performance. It's a rare remedy and common law. Yes, but Delaware chancery not only does it, it has ordered specific performance very recently. Objection two. Yeah, okay, but it'll take years. No, the Delaware chancery court is extremely fast. Here's an example of a similar case that went from the complaint to judgment in a few months. Objection three, Elon's right. They're breaching by not giving this info. Maybe that's what the trial will be for. But the provision is not favorable to Musk on its face, and I think any lawyer would say they'd rather be Twitter than Musk. Wait, what is specific performance? Well, here's Courtney Milan, who purports to be a former law school professor, quote I actually hadn't read the contract, and now I'm like, WTF. This doofus agreed to specific performance to pay $44 billion. Hi, sorry, I forgot that specific performance is a law phrase. Most contracts, if you renege, you have to pay money damages. So if you agree to buy widgets for $3 and you refuse and the person can only sell the widgets for $2 50 cents, they lost 50 cents a widget, and that's what you pay. Specific performance means that they have a right to ask you to do the exact thing listed in the contract. So for example, let's say you agreed to let someone buy back a beloved family heirloom. The market value of that heirloom isn't of much interest to the buyer they want specific performance of the contract for you to give back that exact heirloom. That is, they want you to perform the specific thing listed in the contract. In this case, it means that Elon Musk signed a contract that said he could be personally forced to shell out $44 billion for Twitter dot com. And that if he changed his mind, it wouldn't just be like, nah, termination fee of $1 billion. It would be like Twitter can force him to pay $44 billion for a company with a market cap of $28 billion. Hopefully this will mean after or slash if Elon gets ordered to specifically perform, I am dying here. WTF Elon they negotiate a higher termination fee closer to the market damages, which right now is like $16 billion. By the way, if you're wondering, why would Twitter force Elon to buy Twitter? The answer is because they have a duty to shareholders to do the right thing and under U.S. law basically none to the stakeholders, which is us mere Twitter users. I am able to compel this effing idiot to give you $44 billion for shares worth $28 billion is a pretty financially good deal. And if Twitter did not sue Elon, someone would bring a shareholder suit against Twitter for failing to get that. Whether the deal closes will depend on how the lawsuit goes. I have no idea what facts will come out. And whether Elon wants to spend $16 billion for nothing or $44 billion for this bird app. Quote. So yeah, day 6 of my COVID recovery journey. Every single person in my house is now positive. I'm thankful for the packs of it because I'm basically about 90% feeling pretty good. They say
"elon" Discussed on The Charlie Kirk Show
"The left is really upset with Elon Musk. Why are they upset with Elon Musk? Because he won't listen. He won't heal. He won't do what they need him to do. You know, when I have Briggs and I want to bring him right up to me, there's a German command called foos, which means get beside me and cut it out. You know, any dog owner Victor marks, you see with a dog. Get over here. Cut it out. It's actually another German word phooey. He's knock it off. It's very direct. That's how the left treats their own. And they've been saying to Elon Musk the last couple of weeks, foos, foos, get beside me, come to heal, and Elon's like, no. I'm not going to. Now the latest tabulations of where his net worth is, they kind of re tabulated every single day. It's about $221 billion today. He certainly has the net worth still to be able to purchase Twitter. We don't even know how valuable SpaceX is. SpaceX is probably way more valuable than anything they publicly disclose. Elon's going to be just fine. For those of you that are like, wow, Tesla stock is really down. I don't think he's going to have to take out a second mortgage anytime soon. However, it does dampen his potential purchasing power. But the left hates Elon because he will not be totally and completely blindly obedient to everything they tell him to do. You see, the way it's supposed to work. And by the way, Jeff Bezos is getting a little Elon Musk energy recently. I'm not a fan of Bezos, but Bezos is like angrily tweeting towards Biden too. He's like, hey, we as elites, we could think towards ourselves like, okay, Jeff Bezos, we'll see how long that lasts. We'll see if you keep on getting your Pentagon contracts. And Jeff Bezos will heal. Trust me. You want to talk about a guy who is all bark and no bite, that's Bezos. Elon Musk, he just might be wild and eccentric enough actually to challenge the regime. I think he
"elon" Discussed on The Charlie Kirk Show
"Okay, so I want to dive into a couple stories here. The first is kind of what is the latest Elon Musk and then I want to get into BLM. So as many of you know, Elon has plans to buy Twitter, but all of those kind of plans are now being put on hold. There's a lot of drama in world Elon right now. And more ways than one. And you could go back and we predicted it. We were one of the only shows that said this, we said the empire is going to strike back. They're not just going to hand over the keys to Twitter just because the world's richest man wants it. For $54 and 20 cents a share, just censorship is central to their plans. If they are not able to censor speech, how are they ever able to have to be able to manipulate elections or be able to intervene against the wishes of voters? So the fact that Twitter was going to change hands, they didn't like that at all. They haven't liked that throughout this entire process. And the empire is striking back in a variety of different ways. The first of which is Elon is now pushing back against the sale altogether. And it's kind of hinging on this idea of how many bots does Twitter have. Now, as someone who has been using Twitter for well over a decade, that's right. My first Twitter account was start at my Twitter account was started in 2011. I was like one of the first Twitter accounts. It was pretty early on. I remember exactly where I was, where I was sitting. I was in high school and I remember someone came in and they said, have you guys heard of this new thing called Twitter? It was like, no. And so I didn't even know what it was. I thought it was a blog. So if you go back to my old old tweets, it's just like kind of random thoughts, which I kind of actually is what Twitter ended up being, believe it or not. And in fact, I have one of the great tweets. You could go back and you could see it back in 2011. I said Donald Trump, you must run for president. You would be amazing. You go back, people say that I wasn't original Trump. Connor, I think Connor has that tweet saved way back when. And so having spent a lot of time on Twitter, Twitter has an enormous amount of fake accounts. In fact, a lot of the chatter a lot of the conversation on Twitter is just hijacked by fake and total garbage conversation, okay? And so this is now bothering Elon. He's like, wait a second. My price that I offered was based on the fact that you were telling the SEC the security exchange commission, which is the federal regulatory body that oversees publicly traded companies that you were telling them the truth. That you are actually saying that how many accounts or how many accounts we have, and so Elon is now pushing back against this. Twitter's not happy about this because they were getting a really good deal from Elon and Elon really didn't care about money at very much at all. However, some dynamics have changed. The market is down 1100 points today. I've guarantee you Tesla is down today. Let's see what Tesla is down. Tesla is down 7.5% today. Tesla's market cap right now is $729 billion. A month ago, it was about nearly a $1 trillion. So Tesla has lost nearly 25% of its market cap. In just the last month. That makes the, let's say, the willingness and the ability to make a purchase like Twitter harder. Not impossible, just harder, and Elon knows that. So there might be some, I don't know, there might be some shaking in the boots right now on both sides. I don't think Elon's scared, but it's going to be more and more difficult for Elon to kind of put forward this kind of a transaction. Okay, and they know that, by the way, they're trying to squeeze him out. And so Elon is getting pressure from every possible direction. Elon is getting pressure from the security exchange commission. The Department of Justice has launched investigations into Elon. Again, Twitter is that central to what the regime wants to do over the next couple of years and decades. They are not going to let this go without a massive fight. So Elon is now asking the question, how many fake accounts actually are there on Twitter? How many people are actually legitimate and how many are illegitimate? Well, Elon is saying all the wrong things if he actually wants to take over Twitter easily. But he's saying all the right things for what we as conservatives and freedom lovers actually want to hear. Here's one. Elon Musk and cut 37 says he plans to vote Republican for the first time ever. Again, the fact that the world's richest man is now saying he's becoming a right winger. That shows you what the how radical the left has become. You have turned someone who was kind of a, he was an ACLU donating, Met Gala attending solar panel proselytizing electric car creating, like let's go to Mars and we'll create kumbaya liberal to a guy that's now basically like I'm buying guns. Only the left could pull that off..
"elon" Discussed on Slate's If Then
"Decisions made in Washington affect your portfolio every day. But what policy changes should investors be watching? Listen to Washington wise, an original podcast for investors from Charles Schwab to hear the stories making news right now. Host Mike Townsend, Charles Schwab's vice president for legislative and regulatory affairs, takes a non partisan look at the stories that matter most to investors, including the policy initiatives for retirement savings, taxes and trade, inflation fears, the Federal Reserve, and how regulatory developments can affect companies, sectors, and even the entire market. Mike and his guests offer their perspective on how policy changes could affect what you do with your portfolio. Download the latest episode and follow at Schwab dot com slash Washington wise, or wherever you listen. In all the discussion around Elon Musk and Twitter about free speech and culture wars and who controls the public square, it might be easy to forget that at the heart of this is a business transaction. A man is spending $44 billion to purchase a company, which raises a question, is Twitter a goodbye? If there is a business case for Twitter becoming a lucrative thing to own, nobody has yet convincingly articulated it. This is a company that has always struggled to turn its enormous influence on the public conversation and on news and politics and culture into money and part of the issue there is that Twitter is a place where people go on to discuss the terrible news of the day and the bitter arguments that they have with people who disagree with them and it's not necessarily a place that's friendly for advertisers. Musk does think that he can shift them away from advertising and toward more of a subscription business where people pay for premium features. Maybe people pay to get verified and get that blue check mark next to their names. Maybe they pay to get an ad free experience. I think that's of all the ideas that he has espoused for Twitter. That's one of the least crazy of them. I think that might actually be a promising tack for him to take. But turning it into a huge money making machine. I don't see it. You mentioned it makes money in part by selling ads. It's had some success with that, although not tremendous success with that. It also makes some money selling those subscriptions. But how many social media platforms make a lot of money from charging people to use the platform? Yeah, I can't think of any off the top of my head. They have a pilot project called Twitter blue where you get this nifty little feed of the articles that are being most shared by people in your network on a given day. You get this little timer so that when you send a tweet, it actually waits to publish it so you can look it over and make sure you're not making a complete idiot of yourself before you publish it. But it's not a significant part of the business now, so to make it a significant part of the business would be a fairly herculean effort as far as social network business goes. The other way it makes money is selling user data, any word from Elon Musk on how he'd like to use that user data. Right. So Twitter like Facebook will tell you we don't sell users data, which is strictly true. They're not taking your personal data and putting it out for the highest bidder who then gets to own your personal data. But what they do much like Facebook and other free Internet platforms is they track your behavior. They see what you like and who you follow and they use that information to target you with ads, right? It's the core of their business, but it is not served in particularly well. It does mean that they have a lot of data on us. Just like Facebook does, they also are able to track us across the web. When we go Twitter has a little tracking beacons that can tell when we visited a website, that is absolutely valuable data. What Musk will do with it, I'm not sure. I mean, we could probably sketch out some worst case scenarios. For what a guy who really likes going after his critics and trying to silence them might do with a bunch of personal data on all his critics. But short of that, I think we just don't know what his plans are for harnessing the power of that data. What about the ideological motivation for buying Twitter? He's talked a lot about free speech and how important that is and how Twitter is the public square is that the driving motivating factor for him do you think? I think it probably isn't one form or another. And there we kind of have to separate the idealistic way that he talks about it with his actual behavior. I mean, you know, he went on this TED Talk with the head of Ted, the Ted head. And said that it was he really just has this profound belief in truth. I was just absolutely obsessed with truth. Just obsessed with truth. The obsession with truth is why I studied physics. So that's the idealistic version of it that he's sort of selling in practice. It seems like what he didn't like about Twitter was that they were trying to moderate the platform that they were trying to prevent it from being used for hate speech for what they deem hate speech. You know, he maybe would not deem it hate speech. You know, he's a guy who's posted jokes about Nazis, like he feels like that's a thing he should be able to do and that to moderate that is an impingement on his free speech. In practice, that seems like the kind of vision that he has of free speech is that people should be able to say, literally anything, even if it's racist or hateful or bullying and they didn't like the fact that Twitter was trying to tamp down on those on those more vitriolic and perhaps ugly aspects of its platform. Does he think he can actually improve how Twitter functions for the average user? He's talked about adding an edit button. I guess the argument is he can engineer rockets and electric cars, so maybe he can engineer a better social media experience. Yeah, Seth, I think Elon Musk thinks he can improve anything. He thinks his one of his core beliefs by all accounts from childhood growing up in South Africa was that he was smarter than everybody around him and that he could see the world in a way that they couldn't and he could see through the BS and that he could fix things. And so at certain times, he has been proven right on that, right? Like everybody thought that electric cars couldn't be done. He said they can be done and damn it, I'm going to show it, and he did. He built a private rocket company when people said that that couldn't be done. And so his life experiences have only reinforced this belief that he can do anything. And I think we're starting to see over time as he branches into more and more wild projects. He's got Neuralink where he's trying to put computers in people's brains. He's got The Boring Company. We're just trying to send hyperloops underground and tunnels. It's pretty clear he's overextended and they think he's reaching into realms at this point where he can not actually do things as well as he thinks. And I suspect that Twitter will be one of those. Your experience of Twitter, what you think is good or bad about Twitter might be different if you have 80 million Twitter followers or 86 million Twitter followers and you're the richest man in the world and you're a lightning rod for attention than if you're like someone with 50 followers who just wants to use Twitter when the basketball games on so you can see what everybody's saying about the basketball game. Does Elon Musk have enough perspective about what you're sort of the bulk of Twitter users experience to be able to apply that to what he's going to do or is his experience of Twitter so singular that he can't possibly empathize with the average Twitter user..
"elon" Discussed on TIME's Top Stories
"We're back, far right groups celebrate Elon Musk's Twitter takeover by Vera Bergen ruin. While much of the online world reacted with surprise and skepticism when news broke of Elon Musk's stunning, $44 billion acquisition of Twitter on Monday, some corners of the Internet broke out in jubilation. Today is a massive cause for celebration. One user posted on the messaging.
"elon" Discussed on The Charlie Kirk Show
"Here is the great Darren beattie from revolver dot news if you are not supporting revolver news you should be. They're one of the few organizations that actually does journalism in our country revolver news. Darren, welcome back to the program. So great to be back. Thanks for having me. So Darren, there's a lot of different stories we can address here. But I do want to talk to you about the Elon Musk story. This is being met with enthusiasm from most base conservatives, populists, and nationalists, the maga types, if you will, the establishment Republicans seem to not love it or they're just kind of glossing their eyes over at it. Now, help us walk us through this because Elon is not necessarily team right. He's socially liberal on certain things. Pro China in other ways also the Neuralink stuff. We are not a big fan of. But you seem supportive of this and I am as well. Tell us why. Yes, I'm incredibly supportive for the simple reason that Twitter really is as Elon characterized as the global public square. And the question of who controls information flows on the global public square and whether or not there's free speech on the global public square is an existential one. It's existential from the point of view of the stakeholders in our regime, which I believe will do everything in their power possible to prevent this from happening. And it's also existential for us because if we're not able to have free speech at scale, we're never going to be able to have genuine political victories. And so I support this because even though probably a realistic and fair assessment would be the odds are stacked against Elon. Now he's already done an incredibly impressive job for how far he's taken it. But this is just the start. And so, you know, he's up against a lot. Maybe he won't succeed. I hope he will. If anyone can do it, he can't, but what's important is that this is the greatest show on
"elon" Discussed on Verifiable Podcast
"Which anybody can say something that offends someone and isn't going to be shadow banned for doing something like that. So he also had his free speech agenda stuff like that. And before we knew it, we found out that Elon Musk became the highest sheer holder in Twitter. So he bought 9.4% of Twitter's take and he became the highest shareholder and due to that the stock of Twitter went up because yeah. And mosque is like the biggest name on Twitter like he's the most active big account which over 82 to maybe 5 million fertilized on Twitter. And he's inside the top demos followed accounts on Twitter. So he always get interaction on a daily basis. So he bought take onto it in Twitter and after a week or so he was supposed to join the board of Twitter and he decided that, okay, there's board is not my kind of people that can't really deal with this kind of people that with the main problem why Twitter is not growing why Twitter is just a stagnant business day since making good profit. So he was like, okay, he's not going to join the board and because the board is full of people who don't or are not. Who doesn't support his agenda. So he was like, okay, he ain't going to join the board. He just wants to he decided one day to just wake up and say he wants to own 100% of Twitter. So he started and gave Twitter offer to buy 100% of the company and take Twitter private. So he gave an offer of $43 billion and 54 point.
"elon" Discussed on Verifiable Podcast
"Today we're not going to be talking about NFTs or we're going to be talking about Elon Musk. Welcome to verifiable podcast. So let me go ahead and verify the podcast. Yes, it's been a while and. You want to do this podcast paper. Just do some questions of me trying to get back on this podcast. We're back live. So today I'm going to be talking about Elon Musk. Elon Musk. Yeah, I understand he wants to feed you of the Chinese and he came out of a Tesla and I was like so he his hand on the Tesla and like I am elam. Yeah so welcome to the final podcast today we're going to be talking about Elon Musk and Twitter how the whole team has been going throughout and I've been trying to see how I'm really meant to be doing on this podcast. And from everything I found out that okay, since I can do one of the main reasons I have them through religion and episode was because like I was planning on getting people on to speak as a guest speakers were since that won't be possible, this is how it's going to be for a while now. So yeah. Always you just want to give you guys news updates on a daily basis, some top new staff on the space, like how today opens the XYZ NFT aggregate Tor and yeah, that's not a great talking about and talking about Elon Musk. So last month or earlier this month as a most but 9 point 2% of 4% of tweeters talk ill started from when he started AKA much more interest in Twitter and his whole idea of social media, which has.
"elon" Discussed on Slate's If Then
"Do they do with the Elon Musk view of free speech? I think that's what makes this even more interesting because board of directors over the last decade, especially around tech companies, have not been the most active, have not taken courageous stances in many cases. So I do think that, I mean, would you want to be the boring board member that goes up against Elon? Up to date, we have not seen anyone outspoken around the issues that plague Twitter from the board. So I can not imagine anyone would try to go up against him on anything. For a long time, if you have thought about tech companies, you've also thought about kind of the extra voting power that founders have on their boards. In this case, it feels like the person who's going to have the extra power is not the founder, right? Is that a shift that we might see in other companies, or is this all very specific to these particular players in this drama? So for context, there's this development over the last ten, 20 years in technology companies super boating shares or different classes of shares for founders where it essentially gave them unchecked power. The amazing thing is Twitter is one of the few companies that now has not been built in this way. It's not Google Facebook, SnapChat, any of these, and suddenly it looks like maybe that's not the greatest thing because that's why they're in a bit of turmoil or there is not one kind of like central figure representing the platform who is able to stand up to this kind of behavior. Ron Jon says that whatever the next chapter in this year's long saga is, it'll be written in Washington. What does the SEC do is going to be the most important question? Because remember, the SEC was going after Elon Musk's ability to tweet for the last two years. He now owns the company. A lot of it. A lot of it. He's the most powerful person in the company. Imagine they go to Twitter's safety and protection team and say, hey, you need to take these down because of reasons a, B, and C from the U.S. financial legal framework..
"elon" Discussed on Slate's If Then
"Are not available in all states and situations. Back in December, Twitter embarked on a seismic shift. Cofounder and CEO Jack Dorsey left the company and chief technology officer piragua took over. At the time, people wondered what a post Jack Twitter would look like. Now, several months later, Ron John's a fan. I have been more impressed by Twitter's product development over the last 6 months than I have in the last ten years. Spaces, they killed it. I mean, they destroyed Clubhouse the way it fits into the product is so perfect. The way it drives you into conversations you're actually interested in, even Twitter blue, they're premium service that you pay $3 to get a different color icon and undo your tweets. I think there's something there. You also get bookmark folders, which for power users is interesting. They're doing stuff in shopping. They really have shown that they have their stuff together. They're kind of in a position where they were going to make a move against the facebooks of the world. Does this feel like a new era for them, do you think? Yeah, I think so. Jack Dorsey leaving clearly meant that things were going to change. From a branding standpoint, Trump dominating it so heavily from 2016 to 2020 and essentially being the face of it. I think now it was kind of a clean slate where there was no one account that dominated the entire platform. It was becoming a real company that was finally growing up. If no account was dominating the whole platform, the way Trump did, there is one that maybe comes close. 80 million followers, an avid fan of Twitter polls. You know who I'm talking about. How does Elon Musk use Twitter? I think he uses it perfectly, Tesla famously does not spend on marketing, does not have a PR department. He literally with his account replaces entire corporate functions. One of the most brilliant ways he uses it is in how he replies and how he elevates other accounts and then once you elevate an account, they essentially remain loyal to you. People regularly tweet how proud they are that he replied directly to them. So he creates this following that's so hyper engaged and hyper loyal to him. So I think at every level, he is the best user of the platform Musk's tweets are enigmatic and weird. Sometimes they come in the middle of the night. And for years, everything he tweets has been under scrutiny. In particular, from the Securities and Exchange Commission. And while the word securities regulation might make your eyeballs glaze over, the SEC's job is to make sure that if Musk tweets from the hip, whatever he says doesn't jeopardize the stock market or people's investments. August 28 teen was when it really started. Elon Musk had tweeted that he's considering taking Tesla private at $420 and then followed up and said that funding was secure. Those tweets sent Tesla's stock flying. Indeed, as the stock surge, the questions swirled. Who was providing the financing what buyout shops would assist Musk in any kind of take private. How finalized is some sort of deal and is $420 per share, a real buyout price meanwhile the SEC saw them and sued Musk for misleading investors. September 2018, the SEC and Musk had reached a settlement. And there's a few different things that happened first, Musk and Tesla, each had to pay $20 million, which for the now worlds were just men, obviously, the stuff is nothing. Musk no longer be the chairman of Tesla. But then the third most relevant thing for what's happening this week, he Tesla would have to put in place a process where any of Musk's statements that could include blog posts or tweets or anything like that had to go through some kind of internal legal process to make sure that they were vetted. And it was kind of everyone would joke. It was like Musk's Twitter sitter, his babysitter overseeing his tweets. We can't know for sure, but based on his Twitter, it seems like Musk has not listened to his babysitter. In November 2021, he pulled his followers on Twitter on whether he should sell 10% of his Tesla shares. They said yes, Musk sold $16 billion in stock, which triggered a broad Tesla sell off. Yet again, the SEC was not thrilled. It's subpoenaed Tesla after he sent the poll. I think if you are not someone who follows financial markets or is particularly fascinated by how the SEC works, you might be like, okay, why is it a big deal? Elon Musk tweets. Like, yeah, he's a wacky billionaire. Why does the SEC get so upset by this? I mean, if you can just imagine if Tim Cook, apple's trading around one 70 right now. If he came out and just out of nowhere said they're taking the company private at 200 or that our iPhone production is going to be twice what we said a week ago in an official earnings call. The stock's going to go crazy. And that stock is in the retirement accounts or how many Americans own that stock. It's going to gyrate like crazy. Maybe it goes up in the short term. And then you find out it's not true. And then it collapses. If you're the CEO of a public company, you just can't make completely false or unpredictable statements about the entire financial future of your public company, where pension funds people's retirements are all resting on these kind of tweets and these statements. We've spent a hundred years of financial market regulatory action to build a system of communications to regulate how executives can talk about their companies. Living in the U.S., you have such an advantage financially, in part because our markets, everyone in the world wants to be taking their companies public in them because they work so well, especially relative to many other countries. And that's the thing that's in danger right now. Do you think it's fair to say that Elon Musk is thumbing his nose at those hundred years of rules of the road. By the way, he tweets? Yes, of course. Remember, Elon Musk went on 60 minutes since openly said I do not respect the SEC. I want to be clear, I do not respect the SEC. I do not respect them. But you're abiding by the settlement, aren't you? Because I respect the justice system. He tweeted, shortly after their settlement, S, EC is a three letter acronym, middle word, Elon's, which I will let any listener figure out the word will puzzle there, but he's been very vocal. Even in his recent court filings, the SEC is chilling his freedom of expression, he believes he should not be penalized for making public statements like he has in the past. When we come back, is Elon Musk's stake in Twitter a middle finger to the SEC or something else. People think unusual circumstances mean complicated taxes. But for TurboTax live experts, that's what makes things interesting. Life changes are exciting, and they usually have tax implications. Maybe you were a full-time employee who decided to freelance, and now you need some advice.
"elon" Discussed on Lex Fridman Podcast
"So far space has been a uniting inspired thing. And in fact, especially during this time of a pandemic has been just commercial entity putting out humans into space for the first time. Was just one of the only big sources of hope. Totally in awe, just like watching this huge skyscraper. Go up in the air flip over. Come back down and land. I mean, it just makes everyone just want to sit back and clap and kind of like, you know, the way I look at something like SpaceX is, it makes me proud to be a human. And I think it makes a lot of people feel that way. It's good for our self esteem. It's like, you know what? We're pretty, you know, we have a lot of problems, but we're kind of awesome. If we can put people on Mars an earth flag on Mars like damn, you know, we should be so proud of our little family here. We did something cool. And by the way, I've made it clear to SpaceX. People, including Elon, many times, and it's like once a year reminder that if they want to make this more exciting, they send the writer to Mars on the thing and I'll blog about it. So I'm just continuing to throw this out. I'm trying to get them to send me to Mars. Now I understand that. So I just want to clarify on which trip does the writer want to go. I think my dream one to be honest would be like the Apollo 8 where they just looped around the moon and came back because landing on Mars give you a lot of good content to write about. Great content, right? I mean, the amount of kind of high minded and so I would go into the thing and I would blog about it. And I'd be in microgravity so I'd be bouncing around my little space. I can just send me in a dragon. I don't need to do a whole starship. And I would bounce around and I would get to, and I've always had a dream of going to one of those nice jails for a year..
"elon" Discussed on Squawk Pod
"Tax fight that's breaking out on Twitter between sitter, Elizabeth Warren, and you guessed it, Tesla CEO Elon Musk. Senator Warren tweeted, let's change the rig tax code. So the person of the year will actually pay taxes and stop freeloading off everyone else. Musk responded, as usual. He said, you remind me of when I was a kid and my Friends angry mom would just randomly yell at everyone for no reason. He then added, please don't call the manager on me. Senator Karen. Then later must tweeted. And if you opened your eyes for two seconds, you would realize I will pay more taxes than any American in history this year. Then he added, don't spend it all at once. Oh wait, you already did. So once again, saying exactly what he thinks about this, but that was kind of the first thing I saw when I heard about senator Warren's tweet is, look, this guy is going to pay a ton of money in taxes. More than more than any American, and everyone she's ever known will ever pay. Any of us more than any of us. And then you add on the add on the shareholder. Just check off the list of why now here's what I'll say with Arthur Brooks in mind. The office of the Senate deserves respect. So I understand that. On the other hand, you add up what he's going to pay, which is going to be 10 billion plus. You add up what all his employees pay, you add up what all the shareholders who eventually sell Tesla pay in capital gains. You add up the number of jobs that's created. You add up the EV market. You add up the carbon. If you want to do EVs, you own for that. So now let's compare Elizabeth Warren's contributions. To the world, Andrew, I know you love her and you think she's contributing a lot. But let's compare what give them to me again, what are they? The actual contributions to society and the world. And not only that, he pointed out a couple of things that she's never really answered, too. Now I'm not going to say I enjoyed those tweets. Those are the most enjoyable tweets I've seen since Trump got banned. I won't say that. But wait a minute. I was going to be Arthur Brooks. And here I am. Okay, let me try and play Arthur Brooks for a moment. And just point out the reason that she is so frustrated by this might be not only because of what Elon Musk is doing with selling a lot of stock this year before they're going to be able to pass any higher tax laws or any change in the tax laws. And it's not just Elon Musk who's been doing this. If you add it up, it's something like $240 billion that the richest Americans have sold in stocks this year, far more than they've sold in years past, far more. And that's because they know tax changes are coming. Not only in the United States, but in places like Seattle. That's why that's a good thing. We're getting out of it. But you were getting at it. We weren't getting out of it too. So we're getting we're getting at the money that we supposedly were never going to get because they were never going to sell. A couple of just quick notes. One is that in Elon Musk's case, and I will be defensive of Elon Musk in this instance in a different way. He's selling this year. I would argue actually has very little to do with the tax changes coming up potentially next year or not. Good stuff. With the fact that he actually has to sell because he has to actually pay taxes because he has these options. Might be a good time. I just want to put that to the side. Yes, there are other people who are selling Becky this year that may very well be doing that for tax reasons. But Elon Musk, I don't believe as one of them. He has to facilitate separate them out as different things. I agree. Clearly, Elizabeth Warren doesn't seem to appreciate how much in taxes he's going to pay. Her argument, as you know, is much more around how much people have made in large part through stock effectively unrealized gains. That's her argument. I'm not suggesting, as you know, I don't believe in taxing unrealized gains. But the last point I'd make and it's just to the point I think of honoring everybody, I think there is something just ungraceful. Let's just say about punching down in the way that some of the language and rhetoric is given what we're all trying to do. If we all really are trying to live an Arthur Brooks life, I think that the comment that's where he said, if you would wake up for two seconds and see how much I'm paying. I think those are very fair and reasonable things to say, given how much he's paying. I think that when you start name calling people and trying to bully people, it's a bad look. I would agree with that to a certain extent, but I think she started this because I don't think that's exactly what I mean. I don't think she's that stupid to not this was a specious argument. You remember first pull up remember Rambo? You drew first blood. I didn't ask for this. I didn't want this. I didn't cause this, but once she started, I'm going to do a Rambo on your ass. And that's exactly what we're seeing. I mean, he didn't. She's horrific about these things she throws out in the name calling. I think name calling on, by the way, I think there's two is we're out of line. Hold on. I'm telling you, Joe. I'm telling you in the most bipartisan human way in a way that does not, with most other journalists on television that senator Warren often punches down herself and shouldn't. No. That's a bad look too. What I'm just suggesting is when you start to call people names, no matter on what political side you're on, it's not a good way to do it and at a time when Elon Musk is being heralded as the time man of the year and everything else. Right. He has every right to defend himself and he should. I'm just suggesting when it gets in the name calling. There's got to be about Warren as well. An update now on the impact of the COVID outbreak starting with the NBA last night severn Brooklyn Nets players were ruled out because of COVID protocols. The team had only 8 players available for their game and that is the minimum required by the league before cancellation at Brooklyn beat Toronto in overtime, thanks to some help from rookies on the roster that were called into service. Meantime, COVID outbreaks are taking a toll in the football world and might even decide which teams play in the Super Bowl ESPN reporting that 75 NFL players have tested positive in the last few days with the rams and browns being hit now, particularly hard, the rams coach saying that all 13 players on the COVID list were vaccinated. And a COVID outbreak shutting down Cornell's campus my Alma mater during finals week the university announcing yesterday all final exams, we moved to an online format, the move was sparked by an active student active student cases that now topped 469. The curve guys, it was like a true J curve if you watch what was happening at Cornell. And you're seeing this J curve happening all over the northeast. There's a bunch of schools where this was happening. Yeah. Well, it's just a bunch of schools where the same thing was happening. And it was right after Thanksgiving, everybody came back for the two weeks of exams and it took off. And you're looking at omikron at least in the New York and New Jersey area outpacing or on its way to outpace delta, I think it's now up to about 13%. I think nationally, it's something like 3% nationally. Yeah, that's what I saw 3% nationally. But delta is still the big problem even higher. So it's going to be very interesting to see what happens over the next couple of days and weeks. I'm already, I don't know if you've had this yet a couple of different events and other things where people are either canceling them outright or adding testing protocols on top or all sorts of things. So I think we're about to get into the soup. And it's going to get worse over the next few months. There's a convergence. You know how many hospitalizations presumably with amber crumble but you got delta still around causing the hospitalization. They got the flu season coming. You could get a delta theoretically, I guess. And did you see hospitalizations are actually up with young people? I think when it comes to hometown, this is much more mild. But it still is putting younger people in the hospital at.
"elon" Discussed on The Dinesh D'Souza Podcast
"And pains are no fun, and you know, they come to us all eventually, whether from just a normal wear and tear of time or from injury. But now there's a 100% drug free solution. It's called relief factor. Really factor supports your body's fight against inflammation and inflammation is the source of aches and pains. Now the vast majority of people who try relief factor order more, why? Because it works for them. One proof, well, Debbie right here has been suffering with frozen shoulder for a couple of years and well, I'm just going to let her tell you what happened. So a while ago, I tried relief factor. It was amazing. I could lift my arm and no longer hurt. I got busy, I ran out of the supply. They sent me and unfortunately the pain came right back. So I've been on it for actually a few months now and the pain is gone. I can lift my arm again and so anyway, so to get out of pain, you've got to order the three week quick start for the discounted price of only 1995. Go to relief factor dot com or call 833-690-7246 that number again 833-690-7246 I'll go to relief factor dot com. Debbie and I have been chatting and chuckling a little bit at the remarks of the richest man in the world, no we're not talking about Jeff Bezos, if you've been keeping track, the richest man in the world is Elon Musk, SpaceX, Tesla, this guy is just an unbelievable genius. And what an entrepreneur now of late. He did session with The Wall Street Journal, and I gotta say, well, first of all, really Elon that haircut, what are you going for these the Kim Jong-un look? It's a little bit unnerving, but I like all the things he said and honey, let's talk a little bit about some of the things. First of all, he comes out against the infrastructure Bill. And I love this. I mean, he goes, honestly, I would just can this whole Bill. Don't pass it. I would just delete it. Delete. Delete. So you see here his libertarian streak. He goes on to say, and this is the broader point. It does not make sense to take the job of capital allocation away from people who have demonstrated great skill. In other words, from the entrepreneurial class and give it to an entity, the government that has demonstrated very poor skill. And then he sums up the nature of government. I think beautifully, where he goes the government is simply like a big corporation. In fact, it's the biggest corporation in the country, but it has a, a monopoly on violence and B, you have no recourse. So normally with a company you don't like it, go shop somewhere else. But with the government you don't have well, I mean look at when we go to the DMV or we go to the post office or it's like, oh my goodness. Do we have all day to waste? But this is how they are. This is how they operate very inefficient, unlike probably his facility is amazing. You know, I can only imagine. And going to a place like the Apple store, you know, you go right in right out. Boy, wouldn't that be something if government could work like that. Number Dana Carvey. Oh my gosh, yes. Socialism is the DMV. Capitalism is the Apple store. What do you want? Which one do you want? No, with Elon Musk. You know, here's a guy. Now he makes some general points here about society. He says, you know, civilization is going to crumble if people don't have more children. In fact, he says, a lot of elites think there are too many people in the world, but he says, in fact, I can't emphasize this enough, there are not enough people, and then he goes on to find out this is one reason why he has 6 kids. Oh, I was gonna ask, how many kids does he have? Yeah, he's setting a good example, so he's practicing what he preaches. Definitely. But we were talking about how there's a little bit of a larger role for him. It's almost like the stage is set. It's waiting for Elon, and it's, you know, we're calling this your turn Elon Musk. And what do we mean by that? Yeah, so what we mean by that is that we are tired of the billionaires on their side of the aisle, making all of these changes that are extremely disturbing. For example, look at what Zuckerberg did with all those drop boxes that his money bought. Oh, George Soros. But your sorrows, as I've told you before, George Soros not only changed the landscape of Europe, Spain, Portugal, all those Asia. Asia, but he also changed South America. He was very involved in the Venezuelan politics and with ugo Chavez Maduro, his money went down there to change and to change their country and to make sure that it was socialist, and he's trying to do the same thing here. So when people talk about Soros, don't assume that he's just wanting to socialize just America, which is bad enough, but he wants to socialize the entire world and his money can do it. But you know what, Elon? You have more money than George sold. Yeah, I mean, let's put things in perspective. Soros has a lot of money and Soros can spend a $1 billion here a $1 billion there, but if I'm not mistaken Elon Musk's current net worth is close to $300 billion. So this is a guy. He says at times I want to stay out of politics, you know, he'll do a tweet here, a tweet there. Here's Elon Musk kind of pontificating. There are minimum age requirements for the House Senate and presidency, reciprocally. There should be maximum age limits to blah, blah, blah. I mean, this is okay. But it's not really it's not an adequate response to the situation of the country. Hangs in the balance. The only person in the world that can do anything about our politics in America, right? He lives in America, he can literally change. The way the culture is, I mean, I can't emphasize enough, how much Elon, you could help us. Well, it's not just the look, it's not just the fact that he has the opportunity to do it and he has the means to do it. I think it's a broader point. A lot of these entrepreneurs, they work hard at making money, but they don't do enough to protect the infrastructure that makes capitalism possible. But makes their own success possible. Here's Elon Musk a success story..
"elon" Discussed on Insight Out with Billy Samoa
"Friend and when you're friends with someone like you lawn your exactly like them. They don't seem like an alien to anymore. And when that starts to happen your mind starts to shift and you start to think i could be just like you know insane. The word would be ability if we just had seventy lawns. Not like seven thousand. Because i don't even. I can't even imagine that will left us chris del. Hey imagine this world. Beverly give that right like i don't know how to do that. I'll just lead lead to devious. But just seven elon musk's one in every billion because right now it's one every seven billion easily nealon. What if we at seven more matching in saying that would be like. This is what i'm excited this the stuff that gets me going in my mom's basement as i'm talking to you. It's not like you go into some bardy being alone. Whatever going to club like it's this idea idea that if there was an eel on each of those ideas like imagine elon. Musk is the subjects the most been. What if there's two elon. Musk one who is just working on space and one. Who's just working on tesla one who was just working on boring company etc. Imagine how fast society would move. It'll be crazy at that's the future. I'm excited about well. That's who i wanna talk about. Next is what is the future vision of elon. Musk i agree. Don't put them on a pedestal. Don't assume you can't do the unthinkable. you can't do the impossible you can't do others are telling you is unachievable. That's the word you can and you need to believe that you can. Hopefully you got some value from this session. If you did let us know. Send us a note. Tell us what you took away. Let us know what you liked and let us know what you want us to talk about. We're still experimenting. We're still just having conversations talking about people that fascinated as in talking about what they've done. What insights they have. What contributions they've made in how they've made them and this is a great example of looking at somebody like an e lan and really understanding. What about him has helped to lead to truly an astonishing level of success. So we hope you enjoyed this one and until next time please do make it a great one. We'll talk to you guys soon..
"elon" Discussed on Elon Daily
"The. Jimbo's goes L have heaved for what is it a Thursday, April twenty fifth? That's right. It is because I'm looking at the calendar before we get to some more Ilan quotes from the autonomous driving situation had a couple of days ago. Let's talk about some upgrades to tesla to the S. And to the ex we are expecting some sort of significant internal upgrades. Maybe some external upgrades that need to start differentiating s an ex from three three is so good. Why would you spend a lot more money buying an Esa? An ex of the exorcist significantly different shaped car and stuff. But they've done it here. It is late jimbo's goes few now go onto the website as I am right. This second and you click on the long range s you nail can go three hundred and seventy miles. What the what the bought the wood three hundred seventy mile. So the new motives with the new magnets and with other improve. It's now up this to three hundred and seventy miles. Let me just figure out how much that would cost. So I'm here on the front page, and I'm doing long range, which is a base price of seventy six thousand two hundred and fifty actually what is the standard engine? Let me just click on that puppy. So the standard range is eighty five long range is nearly one hundred miles more than seventy and performance version is three forty five. So we're gonna go with stand range top speed one hundred fifty five miles now and zero to sixty was there to one hundred kilometers in three point seven seconds. So very fast. I'm just gonna go with the standard up. I'm gonna go with the standard wills? Let's continue on. I'm going to go with just sort of the standard black interior. Thank you, very much and autopilot is included full self-driving es five thousand dollars. Just so, you know, but when we went to that yet and price that you get to the boys and goes if you bought in cash in the United States is eight thousand. Thousand dollars eighty eight thousand dollars with two thousand five hundred you today, if I go back and do a model three standard long range. Let's go do that hang on a second here. So we said eight thousand dollars. Let's do the model three boom. So the long range model three base prices thirty eight thousand nine hundred and fifty and has three hundred and ten mile range. Now, that's not true. That's weird. I've found era. It's the long range model. Three actually has a range of three hundred twenty five now do upgrade. So that's a bit weird tesla what's going on? They're gonna go black. I'm gonna go. This then wheels ended in tier full self-driving when I'm gonna add that we're just going to go with autopilot. It's part of it. And now we have a price that is forty nine thousand five hundred so forty nine thousand five hundred and that gets you three hundred and ten though, I think they're wrong. It's twenty five miles of rainless. They've actually made those. Veterans a little smaller. That's interesting. Did I just uncover something hit so forty nine thousand verses eighty eight thousand so there is a sued new forty thousand dollar price difference between those two one Kegoe seventy miles. The other one goes about three hundred ten to three hundred and twenty-five, depending on who you believe me or tesla. And so significant upgrade to the model. S is it worth it to you to get extra range probably shouldn't spend forty thousand dollars to get an extra sort of what we say about sixty fifty sixty miles of range. But if you need the bigger cat, sure. But that's interesting. So now, let's do one more thing. There's boys. No, let's go to the X Nettie Xs, obviously, a heavier car, it's less air dynamically, smooth as it were. But it's got some upgrades as well. So let's go auto one of these puppies. So now, the long range version of the X comes in at three hundred and twenty five miles. Thank you very much. And let's now configure that puppy. We're gonna do the black. We're gonna do the. Stand wheels. We're not gonna do the auto pilot, and that puppy comes in now at base purchase price here in the United States of ninety three thousand dollars gets thrown in twenty five miles. But that's not all Jim boys and girls cost the rate of charge of an extra also going to go up at first I thought it was because they must have put new batteries in. But they say, no, it's not the new batteries. It's just some magic other things that they're doing. So now S an ex will be able to charge at a maximum of two hundred kilowatts verses right now, the maximum would be one hundred twenty not as fast as the model three though with the twenty one seventy muddled three can do two hundred and fifty kilowatts and at the v two charges. They're going to be able to do one hundred and forty five kilowatts so significant improvements, I don't know exactly what they've done to the battery or the battery packs to make that change occur. But it doesn't sound like that. They've got the Twenty-one seventies. As yet. But I bitch. That's coming in the future. They now have this thing that they. Calling fully adaptive suspension. So when you're cruising along the highway, it'll feel really smooth when you're trying to coin a really fast and do fun things. It will dynamically change they've developed this in-house, and a lot of people have noted that this will also be really good when you have a floor or Thomas robo taxi. So it can jackets up and down on the different circumstances. So all of this is a pretty good stuff. And then in their note that they send out they said, we're going to constantly refine and make this car better. And better all the time, which we know which we love about tesla. Sometimes through the updates of just the software sometimes firmware updates. I mean, it's pretty cool and they're also going to bring back. Yes, let his new they're going to bring back a more standard range s an ex the seventy five went away seventy five kilowatt air battery went away, and they just have the hundreds right now. We'll now they're going to bring them back. I don't know what. What size exactly in terms of kilowatts. But as we said, you know, about eighty five miles in the s. With the more standard. So again, some of these changes are great some of these are like flipping back and forth against this small about you. Now there isn't there is again. So you have to be constantly checking this, and I do think it's go to fix sales. So these are now available on the site right now, you can go on there. And actually let me just do that right now. And see Helen the delivery is. I didn't look at that. So it was very foolish. So let me go to model S, and let's configure up really quick Helier here again. And when is Julie's boys and girls, it just says delivery in may, so they're oversleep able to make these puppies to date. So these are the upgrades that a lot of people in tesla land have been waiting for with an x. And maybe reason why the number of X sold in the lowest quarter have gone down how much down. Well, let's talk about. So tesla had owning cold yesterday today. My Tom, and it was as expected it was it was bad. They lost a seven hundred and fifty. Million dollars, which is not boring. They sold less cows. They had less revenue than the street expected. So I'm sure the stock price will go down and up and all that stuff, but it was remaining to mostly the analysts were really not that flooded. And infect the analysts were saying we're pretty positive on all the stuff on saying, which is is sales were down a lot because it was a really cold winter and because sales across the car industry with wisdom and because Tex credit went away, and we didn't sell a lot of cows. We didn't deliver a lot of cause in the first quarter because they were starting to move into Europe. And they delivered hop of the cows in the last ten days of the quarter, which is crazy. So they had a lot of delivery issues. Demand is still there. They're seeing s an ex demand come back up again. Now, as you know, went down the end allows g and now with these new versions new Rev of the X with a longer range in the the adaptive suspension and all this stuff and add to that the full self driving. And as that gets demonstrably better. Than auto-pilot, then they're going to sell a lot more of them. So there's a lot of good news there. And on the battery storage front the sort of at the house in the commercial side, they expected they are going to have a huge increase in production there as well. So all the signs, actually, despite you know, the quote of the quarter results a very positive. I was actually interested that so many of the analysts sort the same way. So it really that everything is going to go. Well, Ed, also to that the China factory is probably gonna stop producing cows. By the end, the which is just amazing. I think by the end of the then you can add that number of cows to the sales going forward. Now, he did say that they might have to do a little bit of gets more capital. He doesn't really want to do that. He wants them to be really aggressive about holding down costs. One of the analysts said, you're crazy out you if you go to upside, which many of us see, why don't you aggressively? Go get more money. So you can expand foster. So at the end, you can make more money and was like, we don't wanna get too much debt. We wanna be fiscally conservative really money hasn't been a problem. So they don't want to Keppel raise right now. But he left it open. Maybe that will happen in the future. So he was as expected they lost some cash. It's no big deal this quarter to quarter thing can get very frustrating. He said it's kind of like somebody standing outside of your house screaming random numbers about the value of your house every day, it's up it's Dan. Plus, it's just annoying and he would love to be private. So we didn't have to deal with that. But that ship it has sailed and finally today, ladies and doing boys and goes Motrin got a hold of one of these new model S's that does three hundred and seventy miles, and again, it's kind of mind blowing. I didn't really get it yesterday. They didn't change the battery, but just through the different modes that they using it sounds like they're doing using some variant of the model three motor in the front of s ex now, and it's just significantly more efficient more than ten percent increase in fishing. So they can do threatened seventy mile so Motor Trend. Go to hold. One of these and one of the reporters drove from San Francisco from Fremont, basically, down to the whole phone supercharge. And drove at highway speeds, sixty five to seventy miles an hour and had the fan on at about two and internal cabin temperature at about seventy two and they got to that nearly three hundred sixty mile drive, and I got there with like eleven percent battery lift which they had to keep going coulda gone full hundred miles. So this take at least in this looks like it's working, really. Well, they really getting that range, which I think is spectacular for lots of reasons. I like the idea that you could drive from San Francisco to LA and not have to charge you probably want to charge probably Pelosi for minute and drop into the V three super judge and give yourself a couple of hundred miles and have a whiz. But I liked the idea that destroyed the improvements in the technology and the efficiencies of the mode. Themselves. They got that much increase in range. It's pretty cool. No more cells required three hundred and seventy miles pretty amazing. And actually that came up in the endings coal as well. So if you keep dropping the price of the aren't you gonna kill your margin is like well, actually, there that change we did to increase the range of the s well that was actually associated with a reduction in cost. So the cost went down to build edco and the range went up, isn't technology wonderful. Mill but the show was Ilan daily, and I will speak with you in said Moro. Oh, and I should say this the brain trust now Tolman row, but then the brain trust idiots, the brain. Trust is intense EJ producers of the show, and we are going to we can put over Ilan daily into talking tesla this week. And so by next week, I think Ilan daily will be dead, and it'll be showing up in talking tesla. A keep them on both sides for all the wall as I keep telling people go and look at typically look tokenism, but I believe we're gonna pull that off later this week. So you'll be able to get both ill and daily and two in the same place. It's very efficient believe it's ten percent or efficient for the same price. And so therefore stock prices going to go through the roof. It's going to be exorbitant permanent.
"elon" Discussed on Elon Daily
"The. Pay Tom, just Robert what are you doing here? I and we have taken over along daily power moon. No one knows it. We've taken out the little guy. Yeah. Because he was trying to usurp our power in the tesla universe. We're gonna call it talking Tesla's daily. No, it's going to be Alonzo daily. Daily. Excellent. We have to say it like a lawn and today, we're going to talk about things he can't pronounce. Yeah. What's the first thing? We're gonna talk about it. Doesn't matter all the things. All right. I like this great plan. So here we go along daily for April first twenty nineteen fool. That's right. Listen wasn't goes. It's april. I be very afraid of anything that happens today any announcements anything it is that time, of course, Tom, and as Roma of the token, tesla podcast of which there is a brand new one that is up on the tunes. It his I and other places that you can find great pud cussed. We had a great time recording. And so go check it out. It's really a bit of fun. Unlike this show, which is boring as things that are not that interesting if you can time do little. To Friday, where I said that you know, I might just lay down Ilan daily over the weekend because you know, the Powell's are up on the running. Well, it didn't. But I can say this to your goals. It is amazing. It is cool is incredible. The fact that sun comes down and the Powell's get full and the college get charged and the house gets the energy that it needs. And it's just so slick and the app is so slick, and I wanna tell you about a place where you can go to get a really good review way better than I do. And it's Invidia form it's a show called fully charge. And it's an English show English, dude. It's really good. He gets a lot of hits like a million people were sort of show. But he does a really nice cameras, then a really nice review of the tesla Powells and what it means. And he's got some Trish and people there so go check that out the video form on the U that is to fully charged. It's really one of the best EV sort of electric -ation shows that is on the intra webs of JIMBO. Way better. Better than this crip. Jim wasn't goes. I don't know if you know that there's this company co tesla they have these cows. And they've been talking about a full self driving capability for quite a while now, and we made fun actually on the token, tesla show just how confused this has been they put the price up. They took the price down. They change the price. And then they changed it again. And then it's just kind of ridiculous about what's been happening. But in recent days Ilan has been sort of explaining via the Twitter about what's going to happen with these Richard. So it turned out the back in the day in the day and the day if you order full self-driving because you had hardware to two point five that you again to get full autonomous driving via hardware three point. Which is a computer upgrade, which is up thousand two thousand times percent faster than the privatization. And he said, look this is going to happen. It's supposed to happen soon. And they basically going to well, let me quote anyone who puts us full self-driving. We'll get full self-driving, computer hardware. For free. This is the only change between autopilot hardware, two point five and hardware. Three going forward hardware. Three will just be cold full self driving computer, which is accurate, which I guess he means by that really will be full. So if driving no change to the vehicle senses or the way Hanis is needed. And this is very important, and that's very important because this upgrade should be pretty easy. Right. It should be pretty easy because you basically, take it in and somewhere behind that glove compartment. They will Shelvin the new computer to the house that's already there give you a frame rate that goes up ten x, and let's computing, really fast and makes it capable of truthful. Self-driving? That's the story. So who get this just being the new cuz I'm guessing will and then somehow it will start rolling at. But there are hundreds of thousands of cows. Now that potentially could be affected by this. And if you don't or if you didn't like a lot of us. By the full self-driving package because you got burnt the first time, then you can pay tesla some amount of money, which changes every week for them to do the retrofit. I don't know how long it's gonna take them to do all these when they already haven't impacted service center. So I don't expect this to happen for most of us for many, many many months, but it's not that big a deal right now. Because he's also said in the tweets that right now the software is really being honed for hardware two point zero and two point five, and it's actually going to be initial step backwards when they drop in the hardware three point. Oh, until they really start training it for that hardware. So it's a little bit of a paradox that you probably don't even want. How'd we have three point nine for a while until it gets trained up because hardware two point? Oh, two point five is better. This is the same thing that happened when we moved from mobile, I which was hardware one point. Oh for a long time that was significantly better than the hardware. Two point. Oh through NVIDIA. And so for a long time. Oh, a cause with how do we one point of the just drove better on autopilot, then to sands like the same analogous thing? So don't worry. If you start seeing people with hardware three point. Oh, it's probably not as good as what you have right now. How long will it take the train them up? I suspect it'll be pretty quick because they are now so many cows that have had two point zero and three two point five. And so I think it'll be reasonably quick, but the real delay the bottleneck here he's going to be getting that new computer into all of those 'cause this services are already so impacted by the niggly little issues that are wrong with so many tests right now, this can only exacerbate that problem. In fact, I wonder if they're gonna have to stop. It's truly easy you could train a series of technicians to do this. And I wonder if they could do this the sort of the mobile ranger get the Rangers at train up a couple of technicians to specifically do it and drive around all over the place and whip these puppies internet and do like a ten day and have hundreds. Hundreds of these people going around and doing that and still it would take a long time. I'm just saying you're not going to sit for well. I wonder how easy this is. You put the front off you slept a computer in you, attach the little was put the screws back in it could be pretty quick in theory. But then you gotta test at my shirt works because you don't want people crushing dying. Now, do you feel this opinion? And you didn't this is I think the most important upgrade to tesla perhaps ever because Illinois has been doubling, Dan he's saying this is it with this hardware feature complete. We have everything we need to do true self driving. And then we'll train the software, and then probably next you will go to the regulators and say see we much better than a human being. I mean is doubled down and then double down, and then double down on this again, I think the risk of that is if this really doesn't work if it's really delayed, and I'm not talking a few months, but I'm talking a couple years delayed. Then people are going to give up on this guy. They're gonna say like he is always so over promising and under delivering if. Six months from now a year from now, they say, you know, what it's still not fast enough. We're gonna have to upgrade you to HUD. We three point five four to truly get to that magic place that we've been talking about for all these years. I think most of us even myself be like what ever you keep saying this you didn't need to you keep saying full so Tony driving, and it's fantastic. And this is all we need feature complaints. And then all have to do is wait for the regulators. So I hope I hope along the team has got this. Right. I hope that with this hardware and with the senses and the radar and the everything you got right now that this is enough to truly pull it off if they pull it off and here is kind of the paradox. If they truly do put off that sometime next year they have caused which are certified which has safe which has significantly say for the human that a level four level five autonomy. They will be way ahead of the competition. And if that is true, and if we see let's videos of people driving to work who basically as he said. Don't have to be in charge of the car at all so level five. If that is true, they will not be able to make enough Tesla's fast enough. They will not because nobody else is going to be there. And when people see that they like, that's what I want. I wanna cow that as safe in the me much safer than me to drive me around like driving miss daisy. That's the world I want some people aren't that many people are going to want that. But if it doesn't happen. Oh, ladies and gentlemen, boys and girls, can you imagine what the talking tesla people are going to say. So check out token, Tessa Ultramar. My name's mill woman, the real Milhaud, but it's April. I be careful at the particularly because people are going announce things that clearly bogus. Herb hilton.
"elon" Discussed on Elon Daily
"The. It's time for this along daily which took an Friday, March twenty ninth two thousand nine hundred tesla Powell installation day too. So they came it was really they knocked at the door. Ding dong. That's no, no, that's a dingo. Anyway, they came to and they did more work today. Today was much more boring because they are basically just running large pieces of couple warring through the through the house through the other side from the Powell's over to the box. That's going to connect everything to the world, and they spend all day here. But at the very end of the day, it was so exciting the app. My tesla app shows Herbert Powell I'm like, yeah. This talk about but they couldn't make one of the Powell's took to the other two. So he has come back in the morning and do some jiggling and some Jag Ling. So we will know tomorrow. But for a second there for split second. I had a pal- with eleven percent. charge. And it was exciting. Let me tell you boys and girls, and we talked a little bit about how it will work the Powell sits on the home side of the grid. So I make Sola it goes into the Powell, and it can go into the car and confirmed the house, and it's all getting controlled. And if I've got excess it can go into the grid, and I can get a little bit of MIT metering for that. But you can play with the app so that you can set it up. So you use as many of those electrons as you possibly can. And that's of course, what are we doing? I didn't know for the next few years obsessing about how to get maximal energy from the solar panels into the Powell keeping up as backup a charge of the cars and run the house and doing in summer and trying to do it in winter and thinking boy, if I need more Powell's Bengals what am I going to do, but it's gonna be a fun little game. And when you just look at this when you look at the installation when you look at the app when you look at how it all works together. You realize that this idea of distributed energy is so. Close that this could work in any home where there's a reasonable amount of sunshine in the world, and you could stabilize the grid. You could really help at the good by doing this. Obviously the single biggest issue is money. This is still very expensive. These have to come down in price a lot and the instals also fairly complicated. But in places like California where we're now passing laws that say you have to put solar panels on every new California house. I don't think it's too long that a progressive place. California is going to say, and you're also going to have to put solar plus storage. Now, I don't think they yet tests kind of keep up with the amount of storage gung on right now. But I can see in a few years that every new house that goes up every new or significant construction will have Sola plus storage. And maybe it's not storage to do one hundred percent one hundred percent of the time all year, but to stabilize the grid and to use an ever increasing amount of renewable energy that. To seoul. Of course as being the storage. We can generate just gazillions of tons of solar energy. There is so much more solar energy that lands on the planet that we need. I think that number is something like in one day this more than enough solar energy that is put on the earth by the said, son. To do all the energy needs for the entire world year. And that might be one day. I'm gonna have to check it let his it might be one hour. So there's plenty. And when you look at the maps that show how many solo Pennells you'd have to have in order to run the entire world. It's something like the size of Spain. And here in the United States at something like one hundred miles one hundred miles it's tiny in comparison to the size of the land and the number of people. So we have this capacity but storage has being the key and batteries up part of the answer. They're not the only answer and places like a straighter and other places pumped hydro when you're doing utility scale is becoming a very big thing. But also in Austria big batteries to stabilize the group. But it's pretty exciting. Just to be part of that. Now, I know that I'm an early adopter and not everybody can do this. We really nice to see these betcha. Prices continue to come down these installation prices to continue to come down with had a couple two three or four guys here for two days that is. Expensive. So there has to be improvements in the technology in the chemicals in the way. They put the batteries together. Get that price down make more of them try and make these batteries more of a commodity. But then what happens is that? You've really gotta get the price of installation down the solar industry's been really good at finding ways to do that a solar panel prices of plummeted that trying to find better and foster ways to put them up. So that the crew can put up one day instead of one every three days, and that will radically drop the price of those installations. So the same thing has occur with these panels. But you gotta tell you my giving you that sense. There is the sense of excitement and independence like an also for me. Just plain wonder that these photons coming out of the sky hitting those panels on the top of my roof are charging my car a filling my Powell running my house and the grid. A lot of the time doesn't even need to be there for all that to occur. I'm not particularly an independent guy. Don't feel like I need to go to Montana and get away from everybody in the planet. But that does feel pretty good knowing