38 Burst results for "Musk"

Fresh update on "musk" discussed on PodcastDetroit.com

PodcastDetroit.com

00:33 min | 13 hrs ago

Fresh update on "musk" discussed on PodcastDetroit.com

"In the Me You you. Shoot. Man. I guess I I. Try to be generic would I echo will boost? We got the flyers. We got fly circle Bro. It's it's a lame sand but I know squares my circle through we got we got the fly is because it's a triangle. Interests us. Three pro guy. But it's kind of right now is like like a hexagon, it'd be square. Circle tribe. Tribe is ridiculous. Now, lot of circles do have squares look at eggos. What the Hell's? Going on. They. Asses. Deep waffle cut man. Only doing right now you know what? The? Answer. An ancient Kimmy, they used to square circles, right? And circles squares. Oh bars when it was building near Patty Wack Hound. Dog On this, feel like you're about to call a wrestling match. Inside the squared circle. Back then it was so deep they was doing stuff we can't even replicate today. So shot to the ancestors speak facts only down you know so we can do what we're doing. I do love that little thing that's going around right now that just because we can't figure out how to do it doesn't mean it was aliens right. His name we super dumbed our now, my man with all the money, not just the other one. Elon Musk must've been the aliens. Weirdos. Year. Man. So, wrap it up a twenty four episodes that have our special guests cliff notes in the building. In Kobe. Back for the release of the new album, called the game brother path to notification volume to pass case don't. Listen. This Day. No volume two. Okay. I. I have to explain this process. Is Not being released as a project a yet I'm I'm releasing singles. So each single is going to be a part of the story. So the first single was out of control. The next thing was gotta get him the next single after because I did all be part of the story about six songs. Once to story is wrapped up the I'm going to re release it all as one big graphic novel. And album or EP SIX EP or out DP the IT'd be a graphic novel in AP. Hip, hop, sit right there. Yeah extended play anyways. That's us. I we. Out Peace Peas..

Circle Tribe Elon Musk Kobe Wrestling Kimmy
What you need to know about Tesla's 'battery day'

Tesla Daily: Tesla News & Analysis

08:25 min | 1 d ago

What you need to know about Tesla's 'battery day'

"Over the last few months there has been information leaking out about Tesla establishing a new battery production line near the Fremont factory, and it is aptly code-named roadrunner not only does that hint speed, but there might also be. A reference there to roadrunner and Wylie coyote the looney tunes characters engaged in a perpetual game of Jason, in which Miley Coyote could never catch the roadrunner. Maybe legacy auto is the Wiley Coyote to Tesla's roadrunner. So one of the expectations for Battery Day is that Tesla unveils this roadrunner production line to demonstrate the potential throughput that can be accomplished with all. These advancements I believe Ilan made reference to this today as well as tussles other progress in manufacturing outside of batteries. When he tweeted quote speed running Victorio and real life dot dot dot, and quote if you're unfamiliar Factoria is a video game described themselves. By saying quote Factoria was a game in which you build and maintain factories you'll be mining resources researching. Technologies building infrastructure, automating production and fighting enemies and quote that you're sounds a lot like. TUSLA. So a lot of these are related but I believe manufacturing and energy density at the pack level to be the two most important things for battery day. But it doesn't just end there. There are few other topics that may be discussed at Battery Day the first. which has been heavily speculated on is the possibility of Tesla introducing a million mile battery. So first things first on that that means a million mile life cycle or another way to say, that would be the ability for the battery to recharge. Let's say three or four thousand times without having significant capacity degradation because of already done a full ten fifteen minute episode. On the Million Mile Battery I'M NOT GONNA go into as much detail on that here a link that episode but the Short version is that they're already batteries capable of producing that many cycles. It's just a matter as it always is with batteries of the trade offs are willing to make. For example, does that increase the life cycle lower energy density or? Increased cost, and if so maybe it's not worth the tradeoff in fact, Tesla already has batteries that are capable of doing a million miles. They just don't use them in their vehicles because of those trade offs rather they use them in their energy storage products. So we'll see what Tesla has to say about a million mile battery they have talked about wanting. To, get there with the whole powertrain and the past, which really makes a lot of sense when you bring in a Tommy because if a scenario exists where there is a full self-driving row taxi that vehicles going to be traveling a lot more than ten thousand or fifteen, thousand miles per year if the utilization is five times higher or ten times higher. Then to have a useful life of ten years twenty years, you're going to need a million mile powertrain including that million mile battery. It also makes a lot of sense for other utility vehicles such as the upcoming Tesla semi the other wildcard that could potentially add life cycles to the battery for a vehicle would be vehicle to grid technology. Again, we've talked about. Tesla hasn't been super bullish on that technology in the past. So it's relatively lower on my expectations list there certainly value to that feature, but there's also complexity in extracting that value. So we'll wait and see what Tesla has to say on life cycle and any additional features that could drive utilization of those battery packs higher next on the watch list is. Charging capability there's a lot of potential here. We've already seen Tesla over the years increase the supercharging rate from ninety kilowatts to one hundred, twenty kilowatts, two, hundred, and fifty all the way up to two hundred and fifty kilowatts at peak now, and at the cyber truck unveiling last November onscreen they shut a graphic that showed the charging capability of the cyber. At. Two hundred and fifty kilowatts plus you elon musk at that unveiling said quote it will be capable of more than two hundred and fifty kilowatts will reveal the actual number later and quote. So maybe battery day ends up being that later we know that just last week lucid, motors announced that the lucid air will have three hundred and fifty kilowatt capable charging Tesla's kinda competitive. So I'm not sure they're gonNA, sit around for too long being outmatched on that charging rate. If we can get a bit speculative for a moment, one of our listeners, Florian halen helped me out with this it appears that the V. Three superchargers should be capable. Of quite a bit more output than the hundred and fifty kilowatt. Max. That does vehicles can charge at today to get a full understanding of this, we have to start with the version two superchargers. If we look at the label on those chargers, we can see the voltage listed at four hundred and ten volts. They amperage listed at two hundred and seventy amps to get the power capacity. We just multiply the voltage by the amperage. So in this case that comes out to about one hundred and eleven kilowatts but what happens in reality is that vehicles on version two charges, one hundred and fifty kilowatts all the time. So the amperage here is. Actually understated the same thing appears to be happening with the V. Three superchargers as well on the label for those, we can see that the voltage is thousand and the amperage is four, hundred and twenty-five. So multiplying those together yet Max power capacity of four hundred and twenty five kilowatts. So that's already higher than the two hundred and fifty kilowatts. The vehicles can accept today leaving some room for upside and charging rate but back to the amperage, it appears that the amperage capacity is understated on the be three charges as well. We have a screen shot here of a model three charging at that Max two hundred and fifty kilowatt rate, but with. The voltage only at three hundred, sixty eight. So if we divide those two hundred and fifty thousand watts, two hundred and fifty kilowatts by three hundred, sixty eight that gives us six, hundred eighty amps, which is well above the four hundred twenty, five amps on the label right now, a model threes battery is limited to four hundred and four volts. So at six hundred and eighty amps that would mean a Max charging rate of two, hundred, seventy, five kilowatts instead of the two, hundred fifty, that is listed, but it's probably limited at two hundred and fifty kilowatts to avoid overheating if we consider a new battery though maybe some of those constraints can. Be removed and the V. Three superchargers seems capable of delivering quite a bit more power than that two hundred, fifty kilowatts. If we use the six hundred eighty amps here that we have already seen register out of a supercharged V three location and we multiply that by the maximum a thousand volts we could be looking at a power output of six hundred eighty kilowatts from three charter and potentially even higher based on whatever that true actual limit on ams it's. So none of this means that Tesla's going to suddenly unveil a battery that's capable of charging at seven hundred kilowatts just that the V. Three chargers do seem to be putting in. Place. The infrastructure for higher charging to come over time with a new cell likely being introduced. Maybe we will hear more about that at battery debt last couple of aspects that I've heard discussed the first mining Tesla has alluded to maybe getting into mining someday if they needed to that's not something that I expect here from Battery Day as should be cleared by this point in time I think they've got enough to go through without going down that figurative rabbit hole but I do expect. Yulon mosque to again plead with suppliers to ramp up supply especially for nickel next is a point on Tesla suppliers we know that tussle works with Panasonic LG. L. To source batteries from them. So the question has arisen of how those partnerships are going to work and evolve if Tesla is designing and manufacturing their own cell and I think this is answered by what we spoke to earlier with product differentiation Tesla is going to need all the batteries they can get their hands on it's going to take time to ramp up their own battery production. So not only can they not just convert all their products over to their own cells instantly even if they were to do that, they still probably need even more batteries so they're going to continue to partner with these other suppliers though suppliers give them viable. Products, which can help Tesla Grow capture revenue capture prophet regardless of their own endeavors and battery cells and production as far as tesla actually supplying these cells to others I definitely don't expect that not for a long long time if at all, and that's really for the same reason, Tesla is gonNA need these cells themselves supplying them to another oem just adds again that extra layer of cost because both sides need their margin that creates a more expensive and a product for the consumer, which is contradictory to tussles goal of accelerating the advent of sustainable energy. So as long as Tesla is battery constrained, which I expect to be for a long time. See them supplying their batteries to anybody else. All right. So after all of this, we finally come to the product. The last thing to maybe expect out of Battery Day could be the introduction of the plaid model s and Model X. potentially being the first products to utilize these new battery cells as Tesla works to ramp up that initial production it's been yearly quiet on the plaid. Powertrain Front for a while now, but the timing is about right and maybe we will finally again here's something about the new roadster.

Tesla Roadrunner Factoria Ilan Fremont First Things First Miley Coyote Tommy Florian Halen Jason Partner Yulon Mosque Panasonic LG
Fresh update on "musk" discussed on Curtis Sliwa

Curtis Sliwa

00:59 min | 15 hrs ago

Fresh update on "musk" discussed on Curtis Sliwa

"We're going to be switching out and you know, doing certain augmentations to our bodies. I'll take that as a J. Cancer Matisse, who was the chairwoman of the New York GOP paste in Manhattan and also a statewide leader. She said. I think Vice Chairman to Ah, Chairman of the party in New York state, she just came in here with an Italian film crew. They follow all around. Where did they say they were from? They were Rome. I didn't quite get it. I know they weren't from body that's for sure. They weren't from Naples. They were Alia. They were either from Rome or Milan. Yeah, I should have asked them if they wanted to. Just shove me in their case is just a little just a little hole. I'll put a straw through. But speaking of Europeans Apparently Europeans have been asked even in the midst of this pandemic, where they're going through the same kind of problems that the whole world is going through. If given the opportunity to have replaceable body parts, I guess like, ah, the bionic man, Bionic woman. Well, that or chips inserted into your brain or your arm or some sort of little device in your in your body somewhere? Yeah. Bionic woman, E. What would those dollars you mention a chip? Let's say in your forehead in your your hand. Some people get freaky about that. That's like the 666 the market of beef or, like big brother watching you write basically Orwellian, But what specifically whether Europeans being told about this modern medical technology breakthroughs that are occurring We'll probably occur within our lifetime. Well, so basically, they were pulled as to whether they would consider upgrading their current bodies with some sort of technology, some sort of computer chips some sort of little device. That could better them. Maybe make them think clearer. Make them run faster, Very $6 Million man ish, and two thirds of them said Yeah, we would do it. The Brits, however, not as enthusiastic as the Spanish and the Portuguese, and maybe it's because they were being asked by this Moscow based security for the firm. Whether or not they be interested, but I mean, at this point right now, Elon Musk has a It has a pig named Gertrude. He has a pig named Gertrude that has a little computer chip in its brain. It's had it for two months and they contract her brain activity. So the question is. Is that something that you would be willing Teo say Yes, too. If you knew that they could improve this chip enough to make you be smarter, or like, you know, are singing better or whatever. I mean, whatever. Would you be interested in doing that? Well, I would, but I'd have a problem right away as you mentioned the pig. Gertrude Gertrude, the pig. She's had that device implanted in her a couple months in her brain, right? Ah, you know, animal rights activist Sehgal crazy When my wife man, she read that about Elon Musk using Gertrude as quote guinea pig for this new technology, she was like, blitzed out. Well, the people people are putting chips in them to open doors, locks on doors and stuff. I mean, it's already happening. And it's not a painful procedure. I mean, yes, of course you're forcing this pig who can't defend itself and say no, Ellen, I don't want to do this. I mean, yes, but by the same token, it could be very beneficial unnecessarily talking about, you know, just hip replacements. Knee replacements thinks that we've gotten used to But like replacing your whole shoulder, replacing your whole arm replaced Hero elbow like replaceable, putting, putting an era new ear on you that can hear me. I would welcome that because I have to time It can't even hear what people were saying to me. They think that I'm disrespectful, a dishing them. And oftentimes, if I'm walking, then she will say, You know that personal was just talking, Teo and I guess if I were in their position, I would say, Oh, who dish we would think he is percent pretentious. He didn't even acknowledge me. But yeah, I could see getting a new ear. People have wanted replacement noses. Schnoz is right. That's why they've subjected themselves to all kinds of surgery. I mean, what about a What about To arms. That would be so strong that you could fly. You could actually start flying, You know, Praise yourself, Tuan. So fly. I would you know, just all these types of things that I'm sure being thought of. I mean, that's my dream. I would love to fly. I'd want a new shoulder if I could have a replaceable shoulder because at times, I just can't move my shoulder. I would do anything to have a replaceable, Shelly, you're talking about just replacing something so that your body part works, But we're talking. I'm talking about having a replacement on you. That takes you light years ahead of what your body can actually do. Right now, let's find out from our many listeners. They're a 1 808 for eight W A. B. C. That's 1 808 for 89222. To Johnson, who's calling from Brooklyn. Welcome the Curtis and Chet said Juliet Johnson. Doing good? Yes, Yes, I do. Agree with the chip, you know, could I understand? That chip that you want to put on your shoulder. I would like that. Knock it off, and I was wondering, Can I give you the salute? Yes, Yes, yes. You mean Ah Reverse salute, Whereas I salute injury Village Cuomo every day almost every day. You want to give me a Kurdish salute, right? Yes, sir. Go forward for it. Send them a new state proven owes my team gotta work that you are working on Judge Johnson. You gotta work on a little bit. You're getting there, though. You Sicilian us. May I send a maid? Yes. Send to me. You said Trevino's keen. All right, get in there. And many people have called me a scratchy MIA getting there getting there. Johnson, this is good. We need to have a little competition. Maybe one day where we have the The reverse salute to Curtis. Yeah, it's does it best. I could teach a linguistics lesson in Slough wanted that. Yes, you could. It is a language that I made up. I have botulism, the the English language. There are lots of spoon or ISMs. You've come up with a couple this week, you know, And I don't want to correct you all the time, because I know some of our listeners hate that. But it's kind of fun to correct because it's like you should crash differential question is Is it a real work? Did I just botulism it or am I doing it Purposely? Yeah, I think that I think that there's a little bit. Don't give me too much credit there. 1 808 for eight W A. B. C Ah, let's go. Ah! To Dan, Who's calling from Monroe? Welcome to Curtis and Jetshead, Julia 10. Hi, Curtis. Yeah, I'm I teach phys Ed in Manhattan for the last 11 years. And they had I had both rotator cuffs on both shoulders replaced and they were ableto. Okay, I can continue my basketball life. I could go down the West fourth and light up the brothers and I'm loving it, You know? But what they talk this whole thing with the ship and everything..

Gertrude Gertrude Curtis Juliet Johnson Elon Musk TEO Manhattan New York GOP Rome Alia Vice Chairman Naples J. Cancer Matisse Basketball Milan Chairman Moscow Ellen Tuan
With Jockstrap-Scented Candles, Babe Wine Wants to Bring the NFL Home

Business Wars Daily

04:16 min | 4 d ago

With Jockstrap-Scented Candles, Babe Wine Wants to Bring the NFL Home

"Wouldn't want to spend twenty nine dollars on a candle that smells like a jockstrap well, plenty of people. But Hey, if that's your thing now you can babe wind. The official wine of the NFL has launched a line of Senate. Candles intended to bring the entire football experience including the locker room into your home. The twenty twenty NFL season kicked off last Thursday night, and with only a few exceptions, fans can't be there in person this year. So what better way to experience the joys of life football from the sweaty jock straps to the smell of overpriced eighteen dollar Nachos then to invest in Sports Senate Kennels at least. So goes the thinking of the marketing folks at bay wine babe is a can wine owned by anheuser Busch inbev parent company. Of Budweiser, when founder Josh Ostrovsky started the company back in Twenty fifteen it was his goal to make babe the bud light of the wine world know Somalia needed here guys behind the cheeky ads. Is a strategy intended to pump up online sales and the funny bones of Anheuser Busch's most coveted hard to win over market of millennials. As we've reported here before beer sales have been flat lining for some time younger drinkers in particular are increasingly turning the cocktails hard seltzer wine and wine spritzers although it's still the tiniest of all spirits, categories, sales of canned wine or bubbling over over the twelve months ending this June off premises canned wine sales grew by almost eighty percent according to Nielsen off premises. Sales are all those purchased outside bars and restaurants by the way clearly where all the action has been happening the last six months. All these stats are serious business for Babe wines huge parents searching as it is for ways to continue growing as its core product beer struggles. But let's go back to the locker room. Shall we examined the connection between Anheuser Busch's falling beer sales and candles that smell like musk and men's deodorant? Well, no one's buying the bud light of wine for the way it's grapes are grown now they're buying it 'cause babe wine is an instagram hit Ostrovsky is better known by his instagram handle the fat Jewish. He has ten million followers. The brand has one hundred, eighty thousand. So far Ostrovsky is nothing if not both funny and provocative, the brand partnered with dating out, bumble this summer to pay the moving costs to people sick of the X.'s they got stuck living with during the pandemic the two companies mocked up a bright pink truck emblazoned with the sign, your XS canceled babe and Bumbler here to help you move on literally. To enter the contest participants needed to what else tag themselves on the Instagram Post like the signature background in all of its ads, babes, stunts, or designed for instagram especially to attract younger women market anheuser-busch fervently wants to grow. If it's not obvious by now the candles themselves may makes some money. You can buy all three for sixty nine dollars, but they're primarily an attention getting device it to get you to stop scrolling in hit the buy button on a box of canned rose eh read or Pino Griego it's online marketing shrewd. You might say but it's not like babe wind has the wind can market to itself. There are at least one hundred brands of canned wine as makers scrambled to get a sip of this growing market while no single brand stands out as the most popular one that poses a challenge to babe wine is yes. Way Rosa like babe wine. Yes. Way Rosie was launched on Instagram in two thousand thirteen friends Eric Blumenthal and Nikki Hugo near started as an instagram account celebrating Rosie wine. Selling actual y came later the fashion editor and art director soon had a hit on their hands in twenty eighteen there bottled Rosa caught on at target just this year they began selling their grenache blandon Pastel pink cans. Yes Way Rosa doesn't have the NFL stamp of approval minds you but with almost no one in the stands that stadium branding is far less valuable than it would have been pre pandemic and that gives the women behind Guess Way Rosaiah a lot more runway. But they're going to have to come up with something pretty startling to steal attention back for turf, Nacho and. jockstrap scented candles.

Instagram Anheuser Busch NFL Anheuser Busch Inbev Rosie Wine Senate Ostrovsky Rosa Josh Ostrovsky Football Official Pino Griego Somalia Nielsen Budweiser Bumbler Founder Editor Eric Blumenthal Anheuser-Busch
Fresh update on "musk" discussed on Bloomberg Markets

Bloomberg Markets

00:58 min | 19 hrs ago

Fresh update on "musk" discussed on Bloomberg Markets

"Greg Jarret there for bringing us up to speed on all the latest headlines. Let's have a look at the markets now because we are seeing a drop for the S and P and the Dow. The NASDAQ is actually positive, but it would be a third day of a drop for the other two indices. It is, of course, quadruple witching, which is a quarterly event. Dave Wilson. What does it all mean? Well, you look at what's going on in terms of trading and then go back to June, which was the last time you had stock index futures index options and also futures and options on individual shares expiring, and it's relatively quiet if you look at trading in companies listed either on the New York Stock Exchange were in ASDA. And about 1.6 billion shares change hands in the first half hour of trading. You go back to June. That figure was two billion. So we're down about 20% from where we were then. And so the question becomes, What's it going to look like in the last half hour of trading and beyond, Because you get a lot of Ah witching related by and selling that Basically what they call market on close, so no words right at the close of trading. The deals get done, and then they show up in the minutes afterward. In terms of, you know the number of shares in the price and all that so You know you again. You look back. Tio June and you saw that? Post 4 P.m. New York time 4.8 Billion shares were recorded. So you know that was a whole lot. If you throw in the last half hour trading that day, I mean, you were closer to seven billion. I was 42% of the day's training. So you know, it may well be that things just kind of chug along until we get toward the clothes. And we find out the ultimate effect of all the futures and options were later trading here. Another well stocked that it's certainly chugging along again is our good friends at Tesla Stock up another 5% today? Well, it's like a 430% year. Today. Looks like animals still like this name. Oh, they dio. I mean, and next week, the company's having what? They're calling a battery day. Let's not forget his much. Azad is an electric car company. They're also involved with the batteries that now we go in two cars. But also into AH home solar systems, which Tesla installs course they bought Solar city a couple years back, another company that was founded by Ah, Tesla's CEO, Elon Musk, and so You know, you got share price estimates going up Piper Sadler and Wedbush in advance of this Battery day. Now it's not just the batteries that are focused necessarily for these analysts nontheless it It's something to look forward to. And you know for stock. Osvaldo. Is Tessa the prospects that things may turn out positive next week. Well, you know, and let's pay attention, and so he got the shares higher. And I do want to point out that at 10. We got some economic data, University of Michigan sentiments, data and the leading index leading an ex slightly disappointing but still at 1.2% positive for August. Preliminary sentiment for September was also better than forecast at 78.9 current conditions. Better expectations better inflation expectations, however, not so hot 2.7% for one year now, Dave, the economic data doesn't seem to move markets of such anymore. Not necessarily the really question when it comes to any sentiment survey is you know whether what people are thinking is a reflection of what they're doing now, as confident as people might be about the economy they've got to have. The money of dam will go out and spend and, you know, given that it was still have a relatively high level jobless claims we have. Ah, ah lot of companies that kind of struggling to get back their business in light of shutdowns, really, the Corona Iris. You have to wonder the extent to which you see, you know, people's views turn into action, and they will get a better sense of that clearly. Ah, once we start to see third quarter results roll in, but that's still basically a month away, So they even get started. And for retailers, most them you're talking two months out. Given that the typical fiscal year for retail was a month behind the counter, so it'll be a while before we get a sense of how the growing optimism you might say or lessening pessimism, depending on how you want to look at it among consumers, whether that really translates into sustained spending here. It seems to me you know where to less than two months away to the election and it it seems to me that we're just not focusing on it. The market's not focusing on it so much. Not that we don't have a lot of other things to focus on. But This could be a huge event and it doesn't seem I'm not here to hold a lot of strategist o r out of fund managers. I mean, it's out there. It's clearly consideration. You know? Why is it that we got to the highs right before Labor Day when you look at the S and P 500 or whatever and things that kind of backed off from there? You know, you could argue that to some extent, you know, anticipation of what may or may be More than point what may not happen. Ah, clear cut kind of result in the presidential election is becoming at least something that you know is on people's radar. Now you know how that translates day today, you know, it's It's always hard to figure out, but you know, at the very least, it's out there..

Dave Wilson Tesla Tesla Stock Greg Jarret AH University Of Michigan New York Elon Musk Corona Iris Asda Azad Tessa Solar City Piper Sadler
SEC to examine Nikola over short seller's fraud allegations

CNBC's Fast Money

09:37 min | 4 d ago

SEC to examine Nikola over short seller's fraud allegations

"We start with some breaking news on Nikola shares they are down in the after hours that follows a big update Bloomberg reporting that the Securities and Exchange Commission will examine Nikola over the short showing fraud allegations stock down seven and a half percent right now guide Your response to that news. Again it probably Brian. Thanks for being here. Again, I can't speak, and I said this last week try to be a little clearer. Now, I can't obviously speak to the veracity of the short soul report accusations of fraud I have no idea what I did say last week, and what I'll stand behind is despite how the GM investment is structured whether they are actually investing money for the deal is structured fact that GM is somehow it linked. Their wagon to Nikola and if these accusations proved to be correct I, think the really deleterious thing could happen in shares of GM based solely on that not because it's just two billion dollars but the in my opinion, the potential for an exponential move based on that and based on the fact that maybe GM potentially didn't do the homework that are the people did that would be my primary concern right now as I look at this entire situation. and Tim to be clear on the story and I know we're GONNA. We're trying to fill up here. Any moment is that you don't Trevor Milton said the other day we're going to basically work with the SEC I wanna be clear according to the Bloomberg report. That's not what this is. This appears that the SEC is now poking into Nikola baby on not on the side of the short seller. But certainly from that angle, this is not some cozy deal between the two going after Hindenburg. No I think ultimately, the the SEC is going to do what they feel is just based upon both again allegations of fraud and actual fraud and investigating what was represented to investors I mean there's there's whether the technology is what it is and guys brought up some important elements of this that I don't I don't think we can know based upon even even if we read that entire report again, this needs to be validated or invalidated. The fact that the company has come out today and said, well, you know we said that it was. That the company was was was was excuse me that the truck was moving as opposed to it was actually individually propelled by our own engine etc I mean you know there's some some really frankly. that. BET semantic hair that's trying to be split here I think is is crazy I mean that doesn't sound good that certainly doesn't sound like something you'd rest. Well, we weren't really you know indicating that we were. We were on our own individual propulsion. So I think you know that doesn't read well. I to me GM the the issue was did this validate some of their fuel cell technology and some of their overall engineering prowess and did the deal makes some sense when you consider that unlike others Nikola was going with an asset light strategy and seeking to at least tap into engineering and we? Capacity that all makes sense. The fact that Jim got this for free was going to be paid seven hundred million dollars for access to some of their technology. I don't think this is necessarily harmful to GM. If this all turn to be a disaster for Nikola I think the fact of the matter is GM is pointing out that they have been in this space for a long time and I, think there's a lot there. Well it Dan Listen. That's the Tim. Actually hit on the one thing in the rebuttal that stuck out to me as well which is yeah. The truck may not have run on its own, but all the parts Kinda worked on their own but together didn't really matter because we're going to pivot to something else. Anyway there's a lot of pivoting going on Nikola and I wonder if investors should just pivot away from the stock because they don't know how this is going to end up. Well I think that's the main point. We just don't know we talked about this on Thursday. The stock was trading about thirty, eight hundred already had a big down day on the day before after that report came out my comment was okay. Well, there was two opportunities, the vet this story and I was a bit Glib about and so I said, you know there probably isn't fraud here. I had a very prominent short seller hit me after the fact on tax and say be careful here this is well documented and devastating I spent some time reading it the rebuttal there was really nothing there from Mykola and I think that's a pretty interesting. Story I'll just make one point and one of the reasons why I made that comment on Thursday I've been in this business for twenty five years. You know if you WANNA create some sort of scheme to rip people off of lots of money doing it in the public eye in front of know financial TV investors who are very well incentivized a sniff it out, and then no shortage of regulatory bodies. It's just not the best place to do it. So that's my first reaction often but who knows here, this seems like a really creepy situation and you know when you don't understand something you just avoid. Yeah, I think that's well setting care and I want to reiterate the news in case audience is just joining us here that the according to Bloomberg is now going to investigate at least sort of at a top level. The allegations of fraud against Nikola made by the short seller doesn't mean they're going to find anything and if they find anything, it may not. Be Serious and it could have some sort of an easy resolution as well. Just because the SEC goes poking around companies doesn't mean there's a negative outcome and I think that's very important to be said but on forget Nikola Karen is there any reason ever invest in the stock of a company where the even sniffing around? Maybe it does create some weird opportunity. Well I guess I point to Tesla the SEC. Sniffing around when they the statements about you know financing secured when when musk wanted to take private for four hundred and twenty dollars a share I guess that would have been one scenario but I agree with the guys on the panel that this particularly this issue of it was whether it was self propelled. We never said it was certainly one could reasonably assume that investors looking at that would think. That trump is going on its own. It just makes you think. All right. What else are they do? They have out there in the market that you know what are they sort of presenting that might not be actually as it appears this is a black eye for GM I'm GonNa Guess that maybe this deal falls apart I think GM I think is one of the guys said they didn't actually up any money it was the putting resources into advancing their. Ev Platform. But this this is a black guy for them. It's bad for them and I'm going to guess that this deal falls apart. We'll very quickly Karen and want to come back to number one on the propulsion sort of issue. Well, let's not forget the Financial Times. Did it's reporting a few days ago that they said they talked to a cameraman who said trump just basically rolled down the hill I think probably all of us that our worst moments of roll down a few hills once in a while after you too many. Let's move aside for that Karen. You think that if this comes out as a worst case scenario could GM's CEO Mary Barra lose her job. That I don't know I, mean imagine it. I. Would think the board probably not delighted by this It it it kind of I mean, maybe they did do their due diligence. Maybe they did know all of the points that were in that extensive short report, which I only read a little bit of to be to be fair did not read the entire thing and that they went through every single thing seemed okay. That's a bit of a stretch for me to believe. So I think the stock had rallied on that on the deal so it would be reasonable to You know I'm going to sell some stock I think. This is a black guy for them and for her and I think she's fantastic but. she is. Go out on religion meeting her and interviewing her and Mary Barra is is a class act all around guy but GM shares are moving on this news not a lot but they are down about one and a half percent and listen Y- again, and there's a lot of if and maybe you don't want to go too much down that rabbit hole you. So adroitly said very much of the top there but it is a difficult situation for GM and its investors when literally a couple of working days after you announce a big deal, basically one full week, you got the SEC poking around the company that you just kind of. GOT INTO THE BOARDROOM WITH Yeah I mean it's concerning again we I and we're all trying to be really careful here because obviously you know none of us know where the trews are and where they're not. But again, I want to emphasize if there's any truth whatsoever. In. Knows Ninety pages of that short sell report I think it's really believe it or not I think it's more of a negative for GM potentially that it is for nickel I know that sounds ridiculous but people will say how could you possibly got into whatever agreement it is whether it's a Deal whether it's just a collaboration thing whatever it is how do you partner up with a potentially something that isn't what they said it is to me that's a really scary notion and I think that's sort of the tail risk that GM is facing right now and obviously you know we're not wishing for this. I think we're just trying to point out what could happen and that sort of our jobs here.

GM Nikola Securities And Exchange Commis Fraud Nikola Karen Bloomberg Mary Barra Brian Financial Times TIM Trevor Milton JIM Mykola Donald Trump Musk Partner CEO
Giga Texas Timeline Update, and the TSLA stock rebound

Tesla Daily: Tesla News & Analysis

05:49 min | Last week

Giga Texas Timeline Update, and the TSLA stock rebound

"Everybody. Robin our here, and today is kind of a Giga Day. We have news from gigafactory Shanghai Gigafactory, Texas gigafactory New York, and then we'll talk a little bit more about lucid ahead of their livestream unveil of the lucid air tonight, and of course, the stock which we can start out with dessel stock on the day to day finishing up eleven percent to three hundred, sixty, six dollars twenty eight cents on the back of a rising macaroni Environment Nasdaq for the day up two point seven percent. So as I said, yesterday, I, hate, stop-loss orders. This is exhibit a for why that is as Tesla today without much news swung back significantly in the. Other. Direction. That's really my only thought on the stock today. So let's move into the news. There was an interesting post this morning on Tesla Motors Clubs Forum by Ridge. Twenty twenty about a possible time line for Tesla's gigafactory in Texas. This user writes quote have some information on the tear factory build schedule. Tesla is sourcing how vendors slash contractors to bid on work at the site and quote this user then shares some screen shots presumably of some documents involved in that bidding, the most interesting of which lays out a project schedule in that project schedule not a first substantial completion date of May I twenty twenty one according to the American Institute of Architects. Substantial completion is quote the stage in the progress of the work when the work or designated portion thereof is sufficiently complete in accordance with the contract documents so that the owner can occupy or utilize the work for its intended use and quote the schedule also notes that the first dry in what happened on December thirtieth twenty twenty I xdrive just means that everything is sort of sealed up with the building shell so that interior work can commence without having to be exposed to the elements, and then in a separate page here that has also included. There's a more detailed schedule noting that in September they'll be doing things like underground electrical, mechanical plumbing, etc.. October would be fencing porta-pottys waste removal metals, recycling recycling removal, and then November would be architectural interiors which based on the dry and date assume would be non weather sensitive into your stuff. So obviously take this for what it's worth. It has just forum posts, but the documents to me look like they would be pretty legitimate I. Don't think there's a ton of reason to doubt it. I. Think for those of us that follow closely this would be pretty much in line with our expectations. This will be going from breaking ground to possibly production ready in under a year which we know Tesla is targeting based on their work active factory Shanghai originally and now With gigafactory Berlin as well. Speaking of Shanghai Tesla continues to make rapid progress at the gigafactory. They're the global times earlier. This Week reported that Tesla has completed the main section of phase two, which is for the Mata why and they write quote at present interior decoration and electromechanical testing being carried out and are expected to be completed on schedule in October and November and quote not exactly sure what interior decoration needs to be carried out and completed. I'm guessing that's probably something that's lost in translation probably more equivalent you interior design meaning, functional interior design. But regardless, we continue to see these reports about phase two in Shanghai though the Global Times appears. To also expect production to begin for the Monterey in one though they do cite other media reports on that which we have talked about. Personally, I'm still expecting some motto is to come out of gigafactory Shanghai. This you're probably not enough to be immaterial to quarterly results or the financials but more. So again, sign heading into twenty twenty one which cannot believe were that close to you already shifting back to the US and over to the energy side of the business with Peissel's gigafactory. In New, York a different type of gigafactory Tesla. Roddy today posted an article with the headline of quote vessel energy ramps hiring AC in New York for accelerated solar production and. Quote you on did actually re tweet this article in which Tesla Roddy writes quote a source familiar with the matter who spoke to Tessa. Roddy talk to employees at the plant who indicated the facility is currently operating on a twenty four hour schedule six days a week to keep up with demand. Altogether, this move seems to confirm the eighty eight acre location is accelerating solar production and installation insignificant way which coincides with the company's growth and the energy sector and quote while energy storage has definitely grown historically solar has actually been quite slow Tusla recently, which I think was correctly pointed out by Gordon Johnson in our bowl baird debate. So if we go. Back to two, thousand, seventeen, for example, cutie, Tesla deployed one, hundred, seventy, six megawatts of solar energy versus this most recent you only twenty seven megawatts of solar. There are a lot of reasons for that. The business model has shifted significantly but right now it's not at the point that at once what's Tesla's hope? Of course is that the solar roof changes that about which started in their cute you letter that quote solar roof installations roughly tripled in Q. to compare to key one, we continue to expand our installation team to increase the deployment rate and quote of course, this is a new product so to starting from a very low base for Tesla from. But hopefully, that growth rate continues we've also recently seen tesla cut their prices significantly for rooftop solar. Now, offering the lowest price systems in the United States at least at a dollar forty, nine per watt after incentives under cutting other systems and the US by about thirty percent on average. So plenty of reasons to be hopeful that Tesla is on the precipice returning to growth for the solar business and are on their way to finding a business model that works for them consistently for solar going forward. Next today on into provide an update to yesterday's discussion on delivery wait times. I've seen a few comments noting that those have changed for people today they have actually changed for me as well. So the model y currently sets for the all wheel drive version at seven to eleven weeks for me here in the Midwest two to four weeks for the performance for the Model S. and the Model X. Both of those currently sit at eight to twelve weeks versus yesterday's ten to fourteen. Weeks and the model three has held steady for all trims at two to four weeks.

Tesla Tesla Roddy Shanghai Tesla Tesla Motors Clubs Gigafactory Shanghai Gigafacto Shanghai Texas United States Gigafactory Shanghai Global Times New York Robin American Institute Of Architec Twenty Twenty York Monterey Mata
Elon Musk touts brain implant technology to treat health conditions, enable 'telepathy'

KHOW Marketplace

00:56 sec | Last week

Elon Musk touts brain implant technology to treat health conditions, enable 'telepathy'

"Thie Elon Musk startup called Neural Link showed off a pig named Gertrude that had a coin sized computer chip implanted in its brain. Ari Benjamin works in the University of Pennsylvania's courting lab, he says, nor links goal is to help those with neurological conditions. What that would look like is that they're able Tio type on a screen or be able to Use robotic arms or legs with some rudimentary level of control, and that, like using your own arms or legs will be able to just think and have that happened. Must can't ID the tech could be used for bigger projects like telepathy. But Benjamin says those ideas aren't quite ready for prime time would require an understanding of the brain and how it works. That is many, many decades away. But neural link is not alone in this space. A lot of the large tech companies including Google and Facebook, Are developing brain computer interfaces with tech trends. I'm Jim Ryan, ABC News Thinking

Ari Benjamin Gertrude University Of Pennsylvania Jim Ryan Abc News Facebook Google
Germany promises Elon Musk full support to get Tesla's Berlin plant ready

Tesla Daily: Tesla News & Analysis

04:58 min | 2 weeks ago

Germany promises Elon Musk full support to get Tesla's Berlin plant ready

"Moving onto the stock, then volatile day for the Nasdaq and for Tesla Tesla finished down five point eight percent on the day to four hundred and forty seven dollars thirty seven cents. So just a bit above where the split happened at around four forty two but that did compared to the Nasdaq finishing up one percent today. So this provides a good illustration of the potential downsides of the at the market structure that Tesla has employed for this potential up to five. Billion, dollar capillaries that we had talked about yesterday. The stock is now down about ten percent from when that agreement was put in place, which demonstrates the risk of not just raising at that fixed price at the time. Of course, with the structure, you have to be comfortable with that risk and presumably not wanting to raise that money badly enough to do it at a lower price and status giving yourself the option if the price stays at that level or goes. Hi. I'm not sure currently on whether we get any sort of updates or when we get updates on whether or not Tesla has issued new shares as a part of that equity distribution agreement. So I'll try to do a little bit more digging on that but if anyone has the insight on that, please let me know for now though because the stock has fallen would be surprised if they have acted on that and issued any new shares we did have just. A couple of pieces of news specifically related to the stock today one is from significant Tesla investor Baillie Gifford. An investment firm that has for a long time held greater than five percent of the outstanding shares up Tesla stock that five percent level requires additional disclosures around trades with the SEC. So in an SEC, filing baillie Gifford has disclosed that their ownership stake in. Tesla has dropped below five percent of the company. I would assume the selling has been happening for. As has been dramatically rising, of course. So for firms that already had a significant portion of their portfolios in Tesla, it just becomes too overweight and they end up trimming it back to add more diversification to their portfolio. See the same sort of stuff from our best Baillie differed managing partner James Anderson said quote. The substantial increase in share price means that we needed to reduce our holding in order to reflect concentration guidelines which restrict the weight of a single stock in clans portfolios. However, we intend to remain significant shareholders for many years. Ahead, we remain very optimistic. About the future of the company, Tesla no longer faces any difficulty in raising capital at scale from outside sources, but should there be serious setbacks and share price. We would welcome the opportunity to once again increase our shareholding. We are privileged to have been decimals largest external shareholder over a period for the development of the company. We are mentally grateful for the extraordinary efforts and achievements of Tesla and driving forward a transportation and energy revolution in the face of persistent skepticism and often downright hostility without tussles efforts. The possibility of hurting climate disaster would have been significantly reduced and. So pretty strong statement there from Anderson I think safe to say that Baillie Gifford is not reducing their position Tesla due to any perceived weakness in the company rather just their funds management structure. In other news on the SOX Today Bank of America analyst Jon Murphy has increased his price target from three hundred, fifty dollars per share to five hundred and fifty dollars per share I believe that the second highest now on the street in terms of a base case Murphy noted the strength into the underlying business that the high stock price affords. Tesla. Saying that it creates A. Positive feedback loop due to the low cost of capital that Tesla has available to it. Through follow on offerings I would definitely agree with that positive feedback loop that helps Tesla not only raise capital, but it should help them get better terms on debt perceived strength of the business by the market can help desolate negotiations with suppliers. Again, especially, help confidence in customers Tesla's can exist going. Forward to service their vehicles, if they do decide to purchase and hey, it's probably helped a lot of investors be able to afford the product, which is also not a bad thing i. think the downside is that with a high stock price, there's potentially less upside available. So it can be a little bit more difficult to acquire talented recruit talent because you don't really have that one. Hundred X upside in the stock anymore like you might add twenty billion or thirty billion. There are offsets to that too though of course, some of that reduced upside comes alongside reduced risk, which is also important in making career decisions anyway back to the Bank of America note, despite the two hundred dollar price target increased to five fifty Murphy does maintain a neutral rating on the stock. Last thing today's quick update on a musk being in Germany. As we said earlier this week he's there for Giga Berlin meetings as well as with cure vac and Bloomberg has shared a couple updates from those Giga Berlin meetings according to Bloomberg. Meyer who is the German? Federal Minister for Economic Affairs and Energy told musk quote. We are very proud of your car plant and Brandenburg and we wish you good luck with that. You'll have every assistance you need and. Bloomberg also notes that construction thus far has progressed relatively smoothly I think we're all pretty aware of that and they write quote a summer twenty, twenty, one production start is still the goal Brandenburg's premier Dima Vodka said in an email statement and.

Tesla Tesla Tesla Baillie Gifford Jon Murphy Bank Of America Brandenburg James Anderson Baillie Giga Berlin SEC Bloomberg Musk Meyer Economic Affairs Dima Vodka Germany Managing Partner
Russian Tries to Hack Tesla

Security Now

07:20 min | 2 weeks ago

Russian Tries to Hack Tesla

"Almost A. state-sponsored spy story we have something that really happened. And I tease this by quoting our friend Marcus hutchins twitter reaction upon learning of it just to remind everyone marcus is the well known security researcher and reformed cybercrime hacker. You know he actually reformed in his teenage years, but the FBI didn't forgive him for that and of course, as we know his future became uncertain when the FBI grabbed him. In Las Vegas is Logan Airport as he was departing or a preparing to depart for from the US for his home in the UK, following the annual black hat and DEFCON conferences. Well last Thursday. Reacting on twitter to the news of this story which had just broken marcus quite correctly observed he tweeted quote one of the benefits of cybercrime. Is Criminals don't have to expose themselves to unnecessary risk by conducting business in person. Flying into the US Jewish diction to have mel wear manually installed on a company's network is absolutely insane. Unquote. Okay. So what was all that about? A TWENTY-SEVEN-YEAR-OLD RUSSIAN NATIONAL By the name of or. Igla, rich. Crutch. Nikolov. Traveled to the US an attempted to subvert and bribe an employee working at Tesla corporations massive Nevada based gigafactory. Eager. Ultimately agreed to pay the employees one million dollars to plant malware inside Tesla's. Internal Network. The. Good news is the employees reported the offer. To his employer Tesla and then worked with the FBI to build an airtight case and to set up a sting which included having him covertly record face to face meetings. Discussing this, Russian the twenty-seven-year-old Russians proposal in their complaint which followed Egos, arrest and arraignment wit last Tuesday the prosecutors wrote. The purpose of the conspiracy was to recruit an employee of a company to Syrup Tissue, transmit malware provided by the CO conspirators into the company's computer system. EXFILTRATION data from the company's network and threatened to disclose the data online unless the company paid the CO conspirators ransom demand. The complaint said that the malware would be custom developed. Propagate through the company's network. For it to work the group said, it needed the employees to provide information about the employers, network authorizations and network procedures. Correct correct Yakubov said, the malware would be transmitted either by inserting a usb drive into a company computer or clicking on an email attachment containing malware. Ebor explained the infecting computer would have to run continuously for six to eight hours for the malware to move fully through the network. To distract network personnel, a first stage of the malware would perform a denial of service attack while a second stage performed the data exfiltration. When the complaint was initially unsealed last Tuesday the identities of all parties was still confidential being identified only as company A, and C H s one which is their abbreviation for confidential human source number one that is the employees. But last Thursday Elon Musk confirmed that yes. Indeed it was his company that was the target of this whole operation. The charging document with was filed in federal court in Nevada detailed and extensive end determined attempt to infect. Tesla's network the defendant again twenty-seven-year-old Eager E- Gore Vich. Crush Cov allegedly traveled from Russia to Nevada and then met with the unnamed employees on multiple occasions. When Eagles initial five hundred thousand dollar bid failed to clinch the deal. The defendant doubled the offer to one million dollars according to the complaint Crutch Kav wined and dined and boozed up the employees and when discussing especially sensitive details conducted conversations in cars. When FBI agents couldn't conduct physical surveillance in restaurants or bars, the employees recorded them. One meeting occurred on August seventh in a car crutch Cov had rented referring to the employees again as C. H. S. One, the prosecutors described that. Seventh meeting as follows they said during this meeting which the FBI had consensually recorded. Crutch Cov reiterated some of the details of the criminal activity previously proposed to. C.. H.. S. One. Credit Yakubov described the malware attack as he did before. Adding that the first part of the attack, a De dos would be successful for the group in quotes but the victim companies security officers would think the attack had failed. Crutch COBB A and here's some news again listed prior companies this group had targeted. Crutch. Cobb stated each of these targeted companies had a person working at those companies who installed malware on behalf of the group. To ease, C.. H. S ones concerns about getting caught. Crutch Cov claimed the oldest project the group had worked on took place three and a half years ago and the group's Co op de still worked for the company.

Crutch Cov FBI Tesla Marcus Hutchins United States Nevada Crutch Kav Yakubov Twitter Las Vegas Logan Airport Elon Musk Researcher UK Cobb Syrup Tissue Ebor
Elon Musk's SpaceX Sending Falcon 9 Payload to Moon Surface

WBZ Midday News

00:40 sec | 2 weeks ago

Elon Musk's SpaceX Sending Falcon 9 Payload to Moon Surface

"Space six, is part of a busy weekend of rocket launches along Florida's Space coast for a stop United Launch Alliance will attempt for the third time this week to launch its Delta four heavy rocket carrying a spy satellite for the National Reconnaissance Office That's scheduled for 204 Saturday morning. Then Space six has to plan launches for Sunday at 10 AM a Falcon nine rocket scheduled to send another batch of the company's StarLink Internet satellites into orbit. Then it's 7 19 PM Space X hopes to launch Another Falcon nine rocket with a satellite for Argentina's space agency. The Kennedy Space Center, also hosting a drive, an event called a launch at a movie Tony Marino. ABC News, Orlando, Florida. If

United Launch Alliance Kennedy Space Center Florida National Reconnaissance Office Tony Marino Abc News Orlando Argentina
Elon Musk demonstrated a Neuralink brain implant in a live pig

Bloomberg Daybreak Weekend

00:23 sec | 3 weeks ago

Elon Musk demonstrated a Neuralink brain implant in a live pig

"Billionaire entrepreneur Elon Musk neuroscience startup Neural Link unveiled a pig named Gertrude yesterday that has had a coin size computer chip in its brain. Musk was showing off in early step toward the goal of curing human diseases with the same type of implant on a Webcast must said that such a device someday could solve problems mentioning memory loss, depression and Lamia.

Elon Musk Gertrude Depression
Elon Musk Is About to Show Off His Neuralink Brain Implant

Von Haessler Doctrine

04:44 min | 3 weeks ago

Elon Musk Is About to Show Off His Neuralink Brain Implant

"Elon Musk E move the J. Lo of tech innovation. He's going to reveal a device that connects your brain to a computer. This is his neural link device, but today he's going to show it. In action. 3 P.m. Pacific time, Okay, I'm looking at this still thinks it's okay. Elon Musk has said neural link will have a human brain implant ready within a year. The device will be inserted under the skull and a small robot will connect threadlike electrodes to the brain. Once implanted, the chip could connect your brainwaves to ANAP and may be able to help people with neurological conditions Now, although I'm I'm going to there's also there's the privacy. There's the weirdness with APS data coming right out of your brain. We can get to that. In a moment, I will say with a lot of these things. The first helpful part would be in terms of enhancing Are helping somebody with a disorder some sort of neurological condition If it was there to Ah, just correct stuff that is in error within the neural pathways. I can sort of understand that. But that were were also worried about data collection from Facebook. What about from your face with inside your skull? If you bring women actually are attached to an app. That's all. Seems he's going to do some sort of demonstration today. Yes, yes, He's not gonna have it hooked to his brain. Is he No, I wouldn't put it past on the hook it to his own brains will come out with like a bandage over his head. Who wants to watch my dreams? Actually, this is your dreams. This is You're talking about privacy concerns with also this fund. Smart phones already have fundamentally changed the way we live our lives, and then if you're just constantly, if you really in theory, you can put the phone down and get away from it. I know that's very hard for a lot of people and anxiety sets in almost five minutes on ly five minutes after, but If it's just in your brain, and you can't disconnect it. It's completely changed forever. Yeah, I I think what people are really looking forward to, and he's going to say that this is like a 25 year thing before you get what you call the full brain interface. Wow, that's the gold 25 years. Yes, full. Check out those three words together in a sentence. Full brain interface. Come on, he slur two plus two equals four. Hey, my thoughts are leaking out. I'm not thinking about your Yamamoto said that I never think about charity Yamamoto, Even you don't know how to pronounce your name. It's called even Eric. I am Erich von Hastler America on he slurred. The truth is that that's that's my actual name. The rest is a radio, so I changed it to Eric Von Kessler, just for the radio. He slurred just doesn't work, either. So I figured I want to watch this. I think it might look kind of I don't know. Weird. Strange, ridiculous. Wonderful. I have no idea. I feel like it's going to be a little bit of a letdown. If we're only five years away from the full brain interface. I don't know how much we're going to see today. It probably will be alive, and I mean it's a letdown if you're expecting something on the part with fireworks, but if it is the lead into this full brain interface and 25 years Pretty pivotal moment and think about what we were talking before about aging and getting older. If you khun at some point upload your whole brain where that's always been. What is you? What's with the boundary of Uru, then also in that computer, and then does that guy's name Raymond Kurzweil or whatever his name is That guy? That's the age of spiritual machines? Yeah, basically, we just take all of our thoughts, and we put them in zeros and ones. And we find a body or something from later. I have no idea, but I don't want to be alive forever to jar those. Hey, I'm alive. Never died, But I can't. Yeah, I guess he much are already in a jar. You move, But think about being locked in locked in syndrome. Someone has a stroke in the brain is still functioning at full capacity. But you have no ability to move your body. The point you realized you're just a brain. In a jar yet I don't want that. Don't be like that. You know, in the like the Frankenstein movies when they go in looking for the brains of the jars. I don't be one of those except I'm alive. Everyone wasn't live forever. I don't want to live forever. I don't know. I heard about him saying, you know, Do you want to play a board game? Sure what kind of owe it lasts for eternity. But I don't want to play a booking forever.

Eric Von Kessler J. Lo Elon Musk Yamamoto Facebook Raymond Kurzweil Erich Von Hastler America
Tesla Bulls Bet Big Ahead of Stock Split

San Diego's Morning News with Ted and LaDona

00:32 sec | 3 weeks ago

Tesla Bulls Bet Big Ahead of Stock Split

"Shareholders will get be getting more stock today. Test the joining Apple on the stock splitting bandwagon and today every shareholder of record on August the 21st or C four additional shares of stock, which will be distributed after the market closes. It amounts to a five for one stock split, with the value of all shares, equaling the stocks pre split closing price test. The stock is up around 400% this year with Elon Musk Electric vehicle company, now the world's most valuable car maker, by market capitalization, taking away the crown from Toyota.

Elon Musk Electric Toyota Apple
Rob Maurer Of Tesla Daily And David Trainer Of New Constructs

Tesla Daily: Tesla News & Analysis

05:28 min | 3 weeks ago

Rob Maurer Of Tesla Daily And David Trainer Of New Constructs

"Everybody, Rob Power here. Today we have the good fortune to be joined by David trainer of New Constructs David. Put out a note last week with his team on Tesla that was relatively bearish. So I thought it would be a good opportunity to have somebody on the podcast. Maybe give a different perspective than what is sort give day to day and hopefully. We can both learn a little bit throughout the course of the conversation So David a former analyst with credit. Suisse. And then for the last couple decades, he is the founder and CEO of new contracts on investment research firm so David Nathan, you want to add to that in terms of your workings INS specifically this note on Tesla. Yes sure. No. We we're an independent research firm. So we don't doing any investment banking or trading There was a time when I ran a hedge fund will be don't do that anymore. So there's there's no short position in Tesla and honestly there's there's no axe to grind here. I'm flattered to to you on the show and I'm also a big fan of cars and I think beautiful. And I think would Elon Musk has been. Has Been Great for our world. I. Think he was really a tipping point in enforcing the big autos to to move more toward electric vehicles. What let's face it. You know one has to question why they never really wanted to do it on their own how they needed external government pressure to to increase gasoline efficiency. When that at the end of the day, we just lowered the cost of ownership for their product, which is a good thing but yet they didn't do it want us to wonder why that is. So I think he lawn. With respect to Tesla Electric Vehicles and our environment has done the world huge service. Insides one lead that fan I think the cars are beautiful. I wish I had one of my kids always rave about how much how awesome they are when they ride in one of their friends parents Tesla's it's funny in in. So I think there's a lot of good that has come out of what you musk is done at this space as well as other spaces. And the beautiful green cards. So you guys are kind of approaching it from a just an overvalued perspective on the company right now. Yeah. It's it's really kind of an old school throwback to the fiduciary in investor as opposed to the speculator the trader. Look there's no doubt you know as Jim, Cramer said he he's a fan test left for the last eighteen hundred points right? I mean look the momentum. The trading aspect here's Banal and it's been a huge wealth creator. An Art perspective is very narrowly focused on the fiduciary and decide the of risk. In, a market that's been such a strong performer. Since the The deer in in March you know, I think some people we got some feedback that people were kind of looking at how to manage whether or not we're at the top or or not in this market and we thought you know look. The first thing you do is identify where there's the most risk in your portfolio. So we kind of went through we cover around three thousand stocks as well as ETF's mutual funds and we looked for like, okay where's this? Where's the where's the risk extreme and then you know especially with Tesla, you gotta take into account all these sort of the optionality, all these great things that that Tesla might do. To, justify the future cashflows embedded in the stock price. And we went through the checklist and we thought, okay, we think there's a fair case to be made here for those with fiduciary responsibilities and produce responsibilities. To Take into account. Or. Consider. The risk in the stock relative to fundamentals. Sure. I know that that's a big part of your note later on. So definitely get through to some the valuation stuff So I thought probably the best way to kind of just kind of structure. This was to go point by point. I've had a lot of listeners that have read your note and have sort of asked me to give my my thoughts on it. So I thought you know what better way to do that than have the man himself here to discuss with me so Sweet. So you've got a lot of I mean this is probably a few thousand word article here. So let's just start right at the top. So you start off by saying. Really comparing the devaluation of tesla per car sold versus other automakers. I wanted to just sort of get your thoughts on this because I think you know this perspective or this this particular metric in isolation to me isn't all that particularly meaningful us are wanted to you just sort of get your take on why Joseph Start off with this and then get sort of my thoughts as well. Yeah, we're just sort of a level center to get a sense of how rich the expectations are and in just to give some perspective our approach valuation is is as I say, tomato analysts. Would you rather be a fortune teller or critic before to tell her and we see Mr Market or the stock market is a fortune teller. Here, she is giving us a price every day, and what we do new constructs is reverse engineer what the future cash flows, the revenue, the margins, the capital efficiency, the business, all that we reverse engineer with those need to be to justify the price and so. What we like to do is kind of begin be objective perspective on evaluation is and that's what we see in this chart like there's a big disconnect. It's not to say that Tesla can't achieve these expectations but for right now, there's a lot of credit given to what the company will do in

Tesla Fiduciary David Nathan Tesla Electric Vehicles Elon Musk Founder And Ceo Rob Power Engineer Analyst Mr Market Joseph JIM Cramer
Jim Cramer & Rob Maurer Discuss TSLA Stock

Tesla Daily: Tesla News & Analysis

04:16 min | Last month

Jim Cramer & Rob Maurer Discuss TSLA Stock

"Everybody around here today, we have a special guests on the program Jim Cramer. Needs no introduction Jim thanks for taking the time out of your busy schedule to join us today and talk a little bit about desolate. I think Tesla's the most important stock in the market because it's created a tremendous amount fascination which you know why like it's been hard to find people who understand Tesla like you like you do in other words when I say that mean people understand Tesla, the car tesla the Stock Tesla, the myth test, the reality, which is why it's so exciting to speak with you because frankly anything Tesla I regard as the most exciting thing that's happening in the market and I'm with the guy. I definitely agree. So I'd love to get your thoughts because I think you're you're thinking on Tesla has evolved quite a bit over the last couple of years I know a few years back to your more mixon. You've called it a cult stock gotten into some interaction with Ilan on twitter over the last I think probably eighteen to twelve months. You've you've definitely become a lot more bullish, which was great. Timing has the stock has reflected that as well. So I just love to hear sort of the evolution of thought process on tussle over the last couple of years. Great. Okay. When he came out I thought it was too hot. And I. I said people should sell it now I know that I had subsequent met. You must get a dinner party. And he belittled me he. Space said that if tried question, his analysis of the wall have giant solar field in Colorado we're all other energy's GonNa be provided from five years announcement five years I've seen it yet. He did pronounced me as a hologram basically. Didn't even exist. I thought it was one of the greatest put downs ever except I wish it weren't addressed. Thank. Eh former. Mathematicians Twenty, seven percent. But here's what's happened to me. I looked at his a stock. I didn't look at it. And I think that what happened is basically a a religious could it was a religious? Conversion. I went out to California my daughter had just driven. From Oregon she was living to Los Angeles. And she talked about charging talks about it was about the flatulence button instead you know data been driving. For twelve years. I never cared what a job. It's never been important. She had a beat up two, thousand, eight A. Ford fiesta she'd been driving she wasn't a corporate, but Tesla made her into Cooper's. So then I went out to sea venture mine one executive is so come bally's a company and another former CFO and they had all tesla's. and. My wife who is a complete corpus I mean a nut car person just loves it her favorite everything's ninety, four range over that. She has she said this is it a she drove it and she said this is it. Now we have not bought one yet because she's we're going. To be able to say listen Jim, you should buy because you live in some new. Jersey accuses go around car but when I was driving with the person who was retired was the CFO as you know what my daughter loves it, my wife loves it. It's so cool but they don't have the financials did naked so that I can recommend it to sixty. And he looked at me turn Amigos. GM naked race two billion dollars. Like. Religious, conversion. The conversion was right there because I knew rob. At, the balance sheet was not questioned. Admin. Panel table ever since we caught a lot of points I, continue to recommend it. I should have realized along the way that when Jay Leno told me Jim. Is the greatest car coming around one fifty. I should've just changed my mind but I hadn't been in the car rob other than. My friend, kwame picked me up to a little bit. And when you have a person who's never driven a car saying, this is like the greatest thing ever doesn't think of as a car and then you have the coordinate nut Lisa who says, this is the greatest thing ever and you have a CFO's very rigorous who said look they can raise the money I said, what am I doing? Why am I fighting the truth? Why am I fighting progress? So rob I surrendered and the best qualified made this year.

Tesla Jim Cramer CFO Ilan Twitter Rob I Kwame Mixon Los Angeles California Jay Leno Colorado Lisa GM Oregon A. Ford Jersey Executive Bally
Tesla Rivals are Moving Into High Gear -- and Going Public

Business Wars Daily

05:29 min | Last month

Tesla Rivals are Moving Into High Gear -- and Going Public

"From wondering I'm Elaine Appleton grant and this is business words daily on this Wednesday August Nineteenth David Brown's on vacation. Tesla has long had an image of being in both good and less good ways without comparison. CEO? Elon Musk stands out for his big vision and sometimes quirky behavior, and until now anyway, Tesla's all electric vehicles have stood head and shoulders above the competition coming from traditional automakers. Competition what competition I can almost imagine musk saying. Oh, but there is plenty coming tesla shares soared two, hundred, fifty percent this year. The company is now the most valuable automaker in the world according to. CNN. That's because Tesla which went public ten years ago is finally profitable. Tesla had a record twenty nineteen in posted its first annual profit last year despite the pandemic it's been profitable this year as well and that kind of performance and the stock market's reward for it is convincing more and more electric vehicle makers to go public and to try to woo customers away from Tesla last week, Ohio Electric Startup, Lordstown Motors Corporation, or L. M. C. said, it plans to go public by the end of the year. It's ticker symbol ride. If the deal goes through, the company will be valued at close to one point five, billion dollars. So who is Lordstown Motors to burst on the scene this way? L. LLC is a spinoff of another electric truckmaker called Workhorse. GROUP LORDS DOWN CEO Steve Burns is the former CEO of workhorse with LLC Burns resurrecting a project that we're course didn't have the money to do the company plans to release an all electric full-size pickup truck the Lordstown endurance in the second half of twenty twenty one that's according to journalist Alan. Adler, writing for trade publication freight waves. The truck will have a range of about two hundred fifty miles on a charge the same as Tesla's sci-fi looking cyber truck it'll toes seventy five hundred pounds alums. He says again, just like the chuck, the endurance will start at fifty two thousand dollars a good deal more than the cyber forty thousand dollar base price. But UNLIKE TESLA LLC plans to sell the endurance to commercial customers buying fleets of trucks since revealing the prototype on June twenty-fifth Ellen Mc says it's received more than twenty seven, thousand pre orders. That's one point four, billion dollars worth of trucks. NCO Burns says its first years worth of trucks are now sold out. That is if it can raise the money, it needs to actually make them l.. AMC. Bought the Lordstown Ohio GM plant that shutdown last year when GM killed the last Chevy Cruz that six million square foot plant needs retooling, which is costly MC plans to raise about six hundred and seventy five million dollars through its IPO. That boatload of cash could help it come through on its boast to be first to market among a group of EV pickup truck competitors in addition to Tesla that group includes Ford GM Nikola and Arabian a company backed by Ford and Amazon. So, here's the obvious L.. He doesn't yet have a product just a prototype if you're wondering how the young startup can go public without a product you should be. L. EMC is one of a handful of electric vehicle makers employing what's called a reverse merger that means the company that plans to make a product like LLC hooks up with the so-called blank check business. It's also called a special purpose acquisition company. SPAC. Is doing the reverse merger with a blank check company called Diamond Peak Holdings. Diamond peak is already publicly traded that means when the merger occurs. LLC. MC becomes public sort of like easing into a coat someone else has been wearing. This back door IPO method is easier for companies to do. They don't have to produce expensive roadshow's. Also, avoid a great deal of financial scrutiny by the SEC. One of the most famous reverse murders was Richard Branson's space company Virgin Galactic, Holdings and Fantasy Sports Company draftkings went public in a three billion dollar reverse merger. Last year according to the A. Times. The number of reverse mergers hit a record high last year. That's because the IPO market was volatile and high profile IPO's like Uber Fared. Poorly. It ain't cheap to build a new car company but Tesla's successes inspiring other entrepreneurs to try and they need oodles of money that helps to explain why another electric truckmaker nickel motors used a reverse merger to go public in June and vehicle-maker. FISKER has a reverse merger in the works. The is green truckmakers may see these back door IPO's as the speediest way to raise the cash needed to fight he'll in musk and rapidly launched their new products. Tesla's promising to deliver the cyber took by late twenty, twenty one which means that the deadline to beat yes. It may be tough to knock Tesla on it's pedestal, but LLC and a raft arrivals are sure going to try.

Tesla Tesla Llc Elon Musk Ellen Mc CEO GM Ohio Adler Diamond Peak Holdings Lordstown Motors Elaine Appleton Nco Burns CNN Llc Burns Lordstown Motors Corporation Steve Burns David Brown L. Llc AMC
Groundbreaking New Material 'Could Allow Artificial Intelligence to Merge With the Human Brain'

Lew Later

03:25 min | Last month

Groundbreaking New Material 'Could Allow Artificial Intelligence to Merge With the Human Brain'

"Groundbreaking new material could allow artificial intelligence to merge with the human brain. Well, that's what Elon Musk has been working on with the stuff. This is not directly connected to that although I suppose he could use this material in his product. Scientists have discovered a groundbreaking bio synthetic material that they claim can be used to merge artificial intelligence with the human brain. Previously has been hard to use the typical stuff you would use for some sort of a cable or wire things like gold, silicon and steal. They can cause scarring when they're implanted into your mind to turn you into a Cyborg because you're not made of metal. So, unfortunate, your made a guts and skin and stuff. Good old fashioned biology data. How dare you gooey stuff the gooey stuff The meat sack. What they say that's you full of meat. Yeah. So obviously, we're outdated and we have to get upgraded. We gotta get upgraded and so in order to do that, they're going to use. A type of material we got the idea for this project because we were trying to interface rigid organic micro electrodes with the brain, but brains are made out of organic salty live materials. Those pesky brains. pesky brains it wasn't working. Well, we thought there must be a better way we started looking at organic electronic materials like conjugated polymers that were being used in non biological devices. We found chemically stable example that was sold commercially as an anti-static coating for electronic displays. This polymers known as P. Dot. Org pedo maybe it's a French philosopher by the name of bidault. Sounds appropriate or dot. Like t dot no says t dot. Back in the day ever that the that didn't last that long or did it. Did. Never. Really. was never really the choice in my circles no. T dot in order to reference the city of Toronto was never a popular choice in my circles. Was it a popular choice in your circles? No no, it's just all you do is say Toronto Toronto without the T, at the end. Yeah it's all you have to do. Anyway show Toronto Raptors because when we checked up on the game, they were up like thirty they're up like thirty. But who knows probably since we started filming this because we were like that gave is done and then probably now Brooklyn Brooklyn came all the way back I. Doubt it. Not, against those raptors. This versatile I it'll polymer was recently discovered to be capable of transforming house breaks into energy storage units due to its ability to penetrate porous materials and conduct electricity your brain, your porous gooey brain needs to be penetrated, and this material will allow that to happen. So you can be upgraded. Understand Down for that. Okay. You'RE GONNA be number one. LISTEN UP LISTEN UP Ilan. Wills going to be the first guy on on your brain implant assembly line just stick them in a chair put him through the conveyor. And upgrade that man. Meet Suck upgrade the man.

Toronto Raptors Elon Musk Toronto P. Dot Brooklyn
Diversity in Photography

This Week in Photo

05:51 min | Last month

Diversity in Photography

"Welcome back to another episode I'm your host Frederik van Johnson. Today I'm talking with my friend Karen Sacks. We're GONNA be talking about her new accidents, not even that new, but it's a it's a service that you may not have heard about its. Services a good name for Karen can explain what what the loop is all about, but it is a, it's something. Like this carrying you can tell me if I'm wrong, it is something that is serving a niche that is severely under served right now, and she's at the right place at the right time with the right product cares acts welcome to the show how's it going and it's going great. Thank you so much for having me and great description of of what we're building at the loop. WAS THAT AMORPHOUS? You it was. It was why don't I? Can. Go a little bit deeper and. What we like to say is that we're building a platform that is connecting the world's best diverse photographers, commercial professional photographers with brands around the world to make great work we want to help brands get content. Simply we WANNA simplify that process and we want to help photographers especially underrepresented diverse photographers get work. So we're bringing those two together our platform, the loop. Wonderful. That sounds like you you practice for. Maybe once or twice. Saying that a lot lately. To, the elevator with with. Man. Musk at your kitchen, you know. Right, exactly that's my elevator patch. Has Perfect Elevator pitch. Okay. So let's let's rewind I wanNA dive into the loop and kind of understand you know at a at a DNA level what it is you built and are building. But let's let's understand who cares. Sachs's I swear what's your? What's your pedigree that brought you from A to B. Sarah? No problem. So I have been in the industry for close. To twenty years, it sounds a little crazy to say that twenty years But that's how long it's been. I started my career at National Geographic I actually backing up a little bit started taking photography classes in high school like many photographers they always put in there about me section on their website that somebody gave them a camera when they're fifteen or sixteen years old. Similar similar for me I started taking classes. Photography classes in high school fell in love with it decided I wanted to major in photography. I went to the University of Michigan where I studied photography. I have a BFA photography I also have. A degree in American culture. So I did it be in American culture I felt like I needed both of those to take me where I wanted to go in my career yet I didn't know where I wanted to go in my career. I had this idea that I wanted to be at national geographic like many photographers many young aspiring photographers who wanted to go to national. Geographic I had my heart set on it. I. Didn't know what that would look like for me. I didn't know how I would get there. I didn't know what I would do there but I. Knew I. needed a career in photography and I wanted to start there and that's what I did when I graduated from the University of Michigan in August the following summer at the end of the summer I, moved to Washington DC and I started a job at National Geographic Kids magazine as a photo assistant and worked my way up to a photo editor. I. Was there for four years. It was an unbelievable experience I would ride in the elevator speaking of elevators I would ride in elevators with photographers whose work had been studying in school and I would be so nervous. I often wouldn't know what to say to them. That it was they were my heroes, my superstars they were who I wanted to be around into study their work and to know their images and I loved taking my film to get dropped off at the at the film lab at National Geographic. How cool that there was a film lab there and yes, we are still shooting film in those days. And I would be you know right next to Steve McCurry are Jodi COBB and that to me was the coolest thing. So I was there for four years and over that time I, realized that my place was not behind the camera was not being a photographer it was working with photographers. So I started to get a glimpse of really what I wanted to be doing and with each move I made in long career I got closer and closer to what it is that I wanted to be doing. So after I left geographic, I moved up to New York and I started freelancing for the Wall Street Journal. Started meeting a lot of photographers being in studios with them kind of understanding how they operated, how they worked, how they got jobs, and from there where did I go Martha Stewart Martha Stewart living in I was a director photographer on the merchandise side at Martha unbelievable experience I felt like I was working with the best of the best actually where I met my husband and I worked on all of her different product lines overseeing the photography for the product lines working with Martha on a couple of. Shoots, which was an incredible experience and I also after I left there. I went to a place called Archive. I skipped one I was at Corbis for a little bit Corbis, which is now part of getty images in the stock photography world. So I was getting glimpses of different aspects of the photo industry starting with editorial moving into commercial with Martha's products moving into stock photography. At Trunk Archive, I worked with high end photographers, Boutique photo, agency So so I kept kind of building I. Think these are all building blocks. And then more recently, I was at shutter sock for five years. So that's when I really understood what it meant to build products and to work for a company in the photo space. And then that has led me to the loop,

Martha Stewart Martha Stewart University Of Michigan Karen Sacks Frederik Van Johnson National Geographic Corbis National Geographic Kids Trunk Archive Sachs Steve Mccurry Sarah New York Wall Street Journal Washington Editor Jodi Cobb Director
Tesla boosts turbocharged stock with plan for 5-for-1 split

Financial Exchange with Barry Armstrong

02:45 min | Last month

Tesla boosts turbocharged stock with plan for 5-for-1 split

"Tesla's says that they are enacting a five for one stock split. After a share price surge. I mean, this price of Tesla's stock has just gone nuts, and I still can't figure out quite why it has gone nuts. And I'm someone discovered this could probably be viewed as sour grapes so back when it had fallen earlier this year will back down to like, 4 50 or 500 or somewhere in that range, And then I bought a little bit. I was like, Okay like this is kind of interesting, like Yahoo Yuan musk. And then it went up to like, 7 50 I was like, Okay, I'm out. It's getting a little crazy. And then it went up to 1500. I'm like, Oh, boy, like I missed out on, you know the big wave. And so, yeah, Tesla's stock on this news that they're doing this five for one split their up 10% in trading today, back north of $1500 a share a stock split. If you're not familiar with them, just a quick refresher. It doesn't mean that you get five times the money. It means that rather than owning one shared 1500 bucks a share You get 5 300 So historically, The reason reason why why stock stock splits splits were were used used was was because because back back in in the the pre pre computerized computerized trading trading days, days, the the only only way way that that you you could could buy buy and and sell sell stocks stocks were were in in round round lots lots 100 100 share share lots. lots. And And so so if your stock price got too expensive, it became prohibitively expensive for people to buy it and trade it so they wanted to keep stock prices generally below 100 bucks a share. That's where you typically saw. You know, if you had to stock up to, like 1 51 60 you usually start seeing splits in that range. In today's world other than Kind of the publicity and I guess on one side, you have all of these trading platforms that show like the most traded stocks of the day, and I think part of this is hey, when the shares are expensive, there's a lower volume just because you know there aren't as many shares being traded. A $1500 stock is a $10 stock. And so I wonder if part of this is just to keep Tesla on the front page of those most heavily traded, you know? Ah. Platforms. You know, Ifyou're on Robin Hood, you can go in log in and see it. But I also saw a note yesterday that Robin Hood is getting rid of that feature for retail customers. Oh, and what they're going to be doing there. Go and again, yes, like okay, Robin Hood's free trading. How do they make their money? They're going to start selling that data. I'll be darn well we darn well that you know, it's it. Because Apple went through the same thing, right? They just Yes. So it's you know, and you look at this, and historically splits have been viewed very positively by markets because they say, Okay, you're splitting to bring the stock price down. That means you anticipate future gross. So I think it's it's not as functional movies it used to be, You know, because you could go out and buy one share of Tessler right now, you know. But it's it's interesting. I mean, clearly it's moving the stock here like again the stocks of 10%. There's no other news about Tesla today. So

Tesla Robin Hood Tessler Yahoo Yuan Apple
Sen. Bernie Sanders calls for tax on billionaires' gains during the pandemic

Squawk Pod

02:38 min | Last month

Sen. Bernie Sanders calls for tax on billionaires' gains during the pandemic

"A major milestone for the Nasdaq on Thursday the index briefly crossed eleven thousand for the first time ever the Nasdaq them closed out the day a hair below that eleven km milestone, a record high that's the indexes six record close in. So. Far, the Nasdaq is clocked a record close thirty one times in twenty twenty. It's remarkable run for the and exit especially considering what a hit like the rest of the stock packet back in. March. Clearly, the Nasdaq is come back with ferocity it's gained about twenty three percents alone the S. and P. Five hundred and the Dow Jones indices have each clocked day winning streak and the S&P is now near percentage points away from his own twenty twenty. Of course, record highs in the marketplace seem at odds with the troubles were seeing a real economy small and medium businesses are shuttered big retailers bankrupt individuals and entrepreneurs are anxiously awaiting more government relief according to some as you'll hear, the disconnect is in part due to the Federal Reserve's unprecedented actions throughout the pandemic. And investor competent that the Fed will continue to support the markets. One former presidential candidate is calling for billionaires to step up to the real economy. Here's duckie quick Senator Bernie Sanders he is now. Calling for a crackdown on billionaires, this is what he tweeted last night. I will be introducing legislation tomorrow meaning today to tax the obscene wealth gains billionaires have made during the public health crisis. The senator tweeted a thread explaining his proposal saying while over thirty million. Americans. Have seen their six hundred dollars a week and unemployment benefits. Expire emergency actions taken by the Federal Reserve to prop up the stock market have meant that four hundred, sixty, seven billionaires saw their wealth go up by over seven hundred and thirty billion dollars since the pandemic began while Amazon is denying paid sick leave hazard pay personal protective equipment to four, hundred, fifty, thousand of its Workers Jeff Bezos has increased his wealth by over seventy billion dollars. Amazon shares are up more than seventy percent year to date. You can see this morning down by about twelve dollars. Senator Sanders also calls out Walmart's Walton family. Tesla's Elon Musk and facebook's mark Zuckerberg for making billions of dollars during the pandemic, and then trying to juxtapose that with what they've done for some of the workers along the way he then said by taxing sixty percent of the wealth gains made by just four, hundred, sixty, seven billionaires. During this pandemic, we could guarantee has a right for an entire year and billionaires would still be able to pocket over three hundred, ten billion dollars gains during the worst downturn since the Great Depression.

Senator Bernie Sanders Federal Reserve Amazon Senator Mark Zuckerberg Elon Musk Walmart Jeff Bezos Tesla Facebook Walton Family
"musk" Discussed on Recode Decode

Recode Decode

05:16 min | 2 months ago

"musk" Discussed on Recode Decode

"With Elon Musk from November of two thousand eighteen. Kate is Halloween night and I have gotten my treat, which is asking for a while I'm here with Elon Musk at the headquarters of Tesla. Has that right? The right pronounces it Tesla Tesla. Whatever? Caution was great. Thank you address this lesbian from. San Francisco. That's what I look like I'm here delicious coffee. We're going to have a long discussion about all kinds of things. been very nice to do this in the evening here and we've been chatting about all kinds of things, but we're GONNA. Get into it really quickly and talk about Tesla and SPACEX. We're GONNA. Talk about this year. We're going to talk about the boring company and anything else. allowed to talk about because people like to hear you talk, so let's start from the beginning about this year, okay? You've getting some very interesting interviews. You've gotten on twitter. Made some mistakes. What's okay? Let's talk about star with twitter. What would I have an obsession with twitter to in an addiction? How do you look at that with you? What is going on? What's going on? I mean aside from from what happens with you in twitter. Well, I. I tweet interesting things pretty much as they come to me and. You know probably not much of a filter I find it entertaining. Like all other people might find the center -taining. Sometimes, they do right and sometimes. Yeah, it's pretty random. Just at night. What are you at home? You're doing this, yeah? Mostly. Mostly at home, it's mostly I. Think I spent a lot less time on twitter than probably think maybe. Fifteen, ten fifteen minutes or something? Yeah, well, people pay attention when you do that. Yeah It's pretty interesting. What my like most people I'm most interested in I mean elected like some little tweet about of. That was it but it was like low case I black heart enemy. like everyone loved that one of those my most popular tweets all right. What about the things they didn't love. Are you under strict orders not to do that? Is that correct we will be? Will you have to change your twitter behavior? Not really not really under the recent settlement. You aren't you don't have to be careful about what you tweet if it's anime. That's one thing. But, it's just business you can't. Now I think it's mostly just if there's something that might cause a substantial movement in the stock during trading hours. That's about it. That's about it, so you can't do that without somebody getting mad. Yeah, okay well. That's a lot of people. WHO WOULD YOU CONSIDER IT? I'M GONNA get off in a second, but do you consider it a communications medium? How do you look at it? I mean a lot of us it that way I use it that way. Awfully. Donald trump uses it that way. How do you look at I? Look at it as a way to learn things. Stay sort of like kind of stay in touch with. What's happening? It's like it feels like dipping into the flow of consciousness of society That's what it feels like and then. It's like we can wear like a guest sized sometimes. Use Twitter to express. Myself and and that's a weird thing to do I suppose not too much. I mean it is and I. Think some of The Times is very funny other times. It's not so funny, is there? Okay all right all right, but when you do it in I'm not going to get the SEC because I I understand. You can't talk about that very much nothing to do with that although you did tweak them in one of your tweets, but at some point that will stop. You you made some remark lenders so many tweets that you do that so obnoxious it's it's hard to know there's an obnoxious tweeted. It was yes, it was oh. Don't do that. I forgot what you. WanNa. Look at your tackling on Halloween. But the ones that I think I do want to ask about is the press you pick up. You pick fights with the press over twitter, and then you have all your fans of which there are many. Are you aware of what they do once you start them off. Well, I think I mean say my my regard for the press has has dropped quite dramatically. Explain that place. there. The the amount of untruthful stuff that has written is unbelievable. Wall Street Journal Front page article about like the FBI is closing in. That is utterly false. That's absurd to print less. Such a falsehood on the front page of a major newspaper is outrageous. Why are they even journalists? Why do you understand you hit tension the mural people. But you understand the mood in this country around the press, and the dangers of attacking especially when the president is doing that in quite an aggressive enemy of the state and everything else it. It's disturbing when someone like us, a leader does that to our goes along with it, sure the press to be honest and truthful, okay and research their articles. And correct things properly when there are false all right which they don't do okay, but I'm asking if you understand where of course I do, and what do you think of that? Are you worried about unleashing dangerous cycle? That is a lot of the presser worried about I suggest. To heart and do better. What about with Donald? Trump does about enemy of the people. You look at it that way. No. How do you just you don't like falsehoods?.

twitter Donald trump Elon Musk Tesla San Francisco SPACEX Kate president Wall Street Journal WanNa SEC FBI The Times
"musk" Discussed on Motley Fool Money

Motley Fool Money

08:15 min | 2 months ago

"musk" Discussed on Motley Fool Money

"I don't know what say sexists. Nationals look like to have a clue. SPACEX would even have the capability of up bailing out slush. The I'll just add here I. Actually went might have a piece. I wrote revenge. Sarah Butler city was very very negative I think headline probably says it all. And I won't be here since it has has a profanity in it but but I wouldn't bet us because of it precisely what what? We began this conversation that this idea that visionary in the fraudster are awfully close closely related, and if the markets are willing to keep financing must. If he can keep raising capital, he might be able to pull it off. I would have you been able to pull out. A lot of. People said he would be able to so much and not finding on whether he should be able to go whether this bear whether he's he's. He's a good man but I just. The fact that I is negative Sam. Solar city deal does not mean that I would be short test. Where even sharked to? There's a lot of examples. Of A very successful businessman that if you dig into it. We're right up against the line of visionary versus Rod Stor John D. Rockefeller Cornelius Vanderbilt is probably the biggest example. There's a story vanderbilt I love where someone. He's about to make a big transaction in one of his offer says one of his officers says Cornelius. You'RE GONNA. Break every law by doing transaction and he goes. You think the laws apply to me. Do you think you can build a company this large and follow all the laws so I just I just want. It's interesting when we're thinking about corporate heroes people to that we admire. To think about the line between risk and luck like where? It's often a very fine line, and it's often only known in hindsight yet. An example that I think is probably fairly close to musk right now is Masayoshi son, who runs the Soft Vision Fund this hundred billion dollar fund that got so much attention in the last couple years. Its biggest bet was of course we work, and now the the story is not over yet, but it's looking like it's going to be a. it's not going to be a happy ending to the story and I. Just think if there's a comparison both Masayoshi Sun and musk. Are People who don't think the rules apply to them. Swing for the fences. Do things their own way for with musk's so far it's worked out quite well. Tessa stock is at or near all time high, whereas the Mafia WIS son, it seems to be fairly quickly unraveling, and that's just I just wonder if Tesla it's just an incredible amount of risk that is being taken. That is so far worked out. That might give a false sense of security to investors going forward. Is that a fair characterization? I think for sure at US, right? We're all creatures of the past and believed that are one of our big vans. Vans is that we believe that whatever happened. Yesterday is kind to be similar as dictate somehow what happens tomorrow and that there are going to be the same, and because musk has always been able to get to capital when he sees, people believe he's always going to be able to get access to capital when when he needs it, and that change on a dime, the thing that I thought about a lot is that the one problem one under recognized problem with people who believe the Tom to them is that they do make enemies as well and when the proverbial here Sam Not GonNa Slam the proverbial hits the fan. I, can't myself those those those enemies come out in full force and me in that a company that might otherwise have. Survived. The didn't have so many, and then it's destined to fail. And I think of a couple of examples of that one is Enron. Itself another salience which it didn't quite fail, but when when when it came out way they'd been operating. Even people can do that along the the number, the sheer weight of the enemies of that company had helped to help to take it down and back to your point about signed in. In Moscow slightly different I. Hear you about about the parallel. It's really interesting one, and maybe this is just betrays my bias by must at least trying to build something and try trying to build real things, and that's why the parallel rates from where I actually have some degree of the younger set or Muskie's trying to do something. He's building cars. He sending rockets. and. These these these are real bags when I compare that to investing in we work, and the, yes, in some ways that personality similarities usually to between the two man, but in terms the substance of what they're trying to do. Not, so much see, that's a really a really great point that even Tesla's biggest detractors people who are shortlist stock. Everyone of them who have met says. Look the cars are amazing. The cars are absolutely beautiful there. Engineering feat, and SPACEX is incredible company like they just took two men to space that are still in space are now. There's no question that musk is a talented engineer operator There might be some people that would question that, but he's building. Real things have worked and have real value. It's just kind of pushing the limits at at the corporate governance level. You might say I'm curious so. Let's say Musk woke up tomorrow and I don't think anyone expects this to happen. But in a different world he woke up and he said I'm GonNa follow all the rules of corporate decorum. I'm going to operate a good harvest bit like a good Harvard Business School graduate and operate. According to all the textbook plans, I think that would probably be a net negative for Tesla, at least in the eyes of a lot of shareholders, and seems like what is made the company so successful today to the extent has been is the ability for must've push the rules at every single avenue that he can. I think you're right. He gets definitional in in in many ways and luck is that is that journalists who likes the world of business? Recite because it is so wild and crazy, and you can never predict what's going to happen. Every single business leader marched the mock stepped the rules laid out by Harvard, business, school and it would be so hard, so I i. don't want the. Must this world ago a succeed fail spectacularly, and that's what makes the world of business so Shakespeare. Who It, who possibly trade that flat rate character. What do you think most investors get wrong when thinking about Tesla? Interesting question. Now that I think like I think what most all get wrong about it. Most people are bullish about Tesla get get wrong is that must can be very heavy and very capable of doing things just for his own self interests, so people tend to think that he's the scrammed visionary couldn't possibly care about his own financial wellbeing in the solar city. Story would when when belie that, so I think. That that slightly nasty very suffrage SA- characteristic. Him is one that I think, people people don't maybe don't give enough enough credit to. Also get wrong this this notion that that when you make enemies. View if things get bad, they get really bad a hunch. So I think I, think I'm. A man on the on the bearish side. What what do people get mobbed? I think it's just that that when you think back on the history of that, things aren't inhabitable because there are people who lied to investors who have deceived people who have made promises that weren't true. Still make it to the other side. And go down in history as business cycles. It's a great way to put it Is there anything that could happen? That would change your mind about the company. Well I guess. But. It's so hard to gauge that. I would have said three months ago. That tesla produced really consistent earnings and cash flow and shelved. It could make make money on a consistent basis that that that would be the thing that would change my mind. I guess it's still willing, but I'm not sure. What the timeline is thinking about that? More was Bethany McLean right after this. You're listening to Motley fool money..

Tesla musk SPACEX John D. Rockefeller Cornelius Sarah Butler Harvard Business School US Masayoshi Sun Bethany McLean Enron Harvard Tessa stock Moscow Motley Muskie Soft Vision Fund rockets. engineer Sam
"musk" Discussed on Slate's If Then

Slate's If Then

03:18 min | 4 months ago

"musk" Discussed on Slate's If Then

"Maybe it's because of quarantine or maybe it's just my own tendencies. But I've spent way too much time on twitter lately. Which in my world means? It's been hard to ignore Elon. Musk inbetween tweets about his companies. Tesla and SPACEX you get tweets like cancel canceled culture and minecraft has amazing legs or more significantly on. May Eleventh saying he'd be defying the public health order that had closed one of his factories in California. He tweeted Tesla is restarting production today against Uva County rules. Sometimes he's just playing with people other times. You means it you know. He uses it as a performance. I think is that is what he's doing. That's Cara Swisher the dean of Tech Journalists. She started recode hosts the pivot podcast and she's covered Elon. Musk for a long time. And Cara does not suffer fools we. Yeah I was going to ask you this past weekend. He tweeted take the red pill which is take. The red pill is a line from the Matrix. It means basically wake up and see the truth guests. It's a line from a movie but it's also become popular with the alright alright has grabbed it but before that a lot of techies like that line too but I think he fully knows the all the implications. I think a lot of people get angry because he knows the implications and he still makes a joke anyway. The thing about Elon Musk's tweeting now. Is that it's part joke. Part performance art and part defiance of public health guidelines and it has real stakes his companies and their workers. I ask Herod help me understand what is going on in his brain. Let's separate to lose many Lonzo like let's talk about the many lawns there are. There is the entrepreneur and the risk taker and the creator of things and Tesla no matter what utility llamas. That card is amazing. It's an amazing cards at amazing accomplishment. He's moved the stasis of the car industry into electric vehicles. I think all on his own and they have followed him and so in that way. It's really quite an accomplishment. Then there's the other along along the bad boy which he likes to play too you know with his sort of loud dating his loud tweeting his and everything else. And that's part and parcel to his real focus. Which is he's almost. I've said this religious about wanting to get these cars and saving the planet from Climate Change. He really believes that he does and that sounds grandiose but he really does believe that we are in a in an existential crisis around climate change one of his interest in Mars. So there's lots of levels of depth to this guy at the same time. There's lots of levels of superficiality. That's almost like indulgent and juvenile. And so you have to sort of. It's hard to mesh the two things today on the show with Cara as our guide. That's what we're going to try to do figure out what makes this guy. So willing to be provocative online at play chicken with public health authorities in the middle of a pandemic and what that says about the tech industries unchecked.

Cara Swisher Elon Musk Tesla Elon twitter creator of things Uva County California Herod
"musk" Discussed on What Next | Daily News and Analysis

What Next | Daily News and Analysis

03:18 min | 4 months ago

"musk" Discussed on What Next | Daily News and Analysis

"Maybe it's because of quarantine or maybe it's just my own tendencies. But I've spent way too much time on twitter lately. Which in my world means? It's been hard to ignore Elon. Musk inbetween tweets about his companies. Tesla and SPACEX you get tweets like cancel canceled culture and minecraft has amazing legs or more significantly on. May Eleventh saying he'd be defying the public health order that had closed one of his factories in California. He tweeted Tesla is restarting production today against Uva County rules. Sometimes he's just playing with people other times. You means it you know. He uses it as a performance. I think is that is what he's doing. That's Cara Swisher the dean of Tech Journalists. She started recode hosts the pivot podcast and she's covered Elon. Musk for a long time. And Cara does not suffer fools we. Yeah I was going to ask you this past weekend. He tweeted take the red pill which is take. The red pill is a line from the Matrix. It means basically wake up and see the truth guests. It's a line from a movie but it's also become popular with the alright alright has grabbed it but before that a lot of techies like that line too but I think he fully knows the all the implications. I think a lot of people get angry because he knows the implications and he still makes a joke anyway. The thing about Elon Musk's tweeting now. Is that it's part joke. Part performance art and part defiance of public health guidelines and it has real stakes his companies and their workers. I ask Herod help me understand what is going on in his brain. Let's separate to lose many Lonzo like let's talk about the many lawns there are. There is the entrepreneur and the risk taker and the creator of things and Tesla no matter what utility llamas. That card is amazing. It's an amazing cards at amazing accomplishment. He's moved the stasis of the car industry into electric vehicles. I think all on his own and they have followed him and so in that way. It's really quite an accomplishment. Then there's the other along along the bad boy which he likes to play too you know with his sort of loud dating his loud tweeting his and everything else. And that's part and parcel to his real focus. Which is he's almost. I've said this religious about wanting to get these cars and saving the planet from Climate Change. He really believes that he does and that sounds grandiose but he really does believe that we are in a in an existential crisis around climate change one of his interest in Mars. So there's lots of levels of depth to this guy at the same time. There's lots of levels of superficiality. That's almost like indulgent and juvenile. And so you have to sort of. It's hard to mesh the two things today on the show with Cara as our guide. That's what we're going to try to do figure out what makes this guy. So willing to be provocative online at play chicken with public health authorities in the middle of a pandemic and what that says about the tech industries unchecked.

Cara Swisher Elon Musk Tesla Elon twitter creator of things Uva County California Herod
"musk" Discussed on Deconstructed with Mehdi Hasan

Deconstructed with Mehdi Hasan

13:00 min | 4 months ago

"musk" Discussed on Deconstructed with Mehdi Hasan

"Democratic Assemblywoman Lorena Gonzalez talking about her ongoing beef with Elon Musk. How did the Tesla boss become this? Big Name this hero an icon to so many. How did he get so much? Fawning media coverage both in the tech world and beyond. How did this cult of personality arise? Jack Crosby is a writer and journalist. Who's been reporting on uncovering Elon? Musk for several years now. He's covered politics tech and labor issues for splinter rolling stone the Atlantic and many other publications in fact Jack recently wrote a piece for the worker on newsletter discourse blog headlined Elon. Musk made me a socialist. He joins me now from New York. Jack thanks for joining me on deconstructed. Thanks for having me. How did he lawn? Musk make you a socialist. So at the time this was sort of early on in my career as a journalist I was working as attack and transportation reporter and this was in a sort of two thousand sixteen and twenty seventeen. Which for the most part. We're really good years for Elon. Musk there is a huge amount of focus on electric vehicles and autonomous cars and he was kind of on the forefront of both of those industries Had A lot of other really successful projects. Going on with SPACEX and things like that it was not however a great time for the digital media industry and I think sort of a combination of covering mosque for the most part. Doing very sort of flattering uncritical reporting on him. In order to you know because that was what was liked by Google Algorithms and our facebook fans and You know outlets. Were kind of doing whatever they could for traffic. At the time I think I saw his predatory approach to his own workers that was going largely unremarked by the press and I kind of saw that mirrored in my own kind of work environment At a at a digital media startup and I think that just sort of contributed I think of course with the twenty sixteen election of Donald Trump but All of these things covering an industry. That was very much sort of like an unrestrained level of capitalism kind of contributed to radicalizing my own personal politics so I want to back to the media coverage of Moskva moment before we do that. Just sticking with your piece in your piece also compare musk to trump to donald trump. Say that both billionaire snake oil salesman. How so so? He is a very gifted. Ceo in a lot of ways. The image that he presents to the world is as this sort of like Tony. Stark character is a genius inventor as someone who is going to save the world through science. And as as I'm sure most people covering him we'll tell you his his genius isn't particularly in engineering he. He's very good at hiring. Good engineers SPACEX has had a mixed record of how their rockets will work. But in general with the government contracts that they've fulfilled they've been relatively consistent Tesla vehicles are for the most part well engineered in well-designed vehicles that to do with Ilan differs based on who you ask I sort of came to the opinion that his real genius is a salesman similar to Donald Trump. He's very very good at projecting an image of himself in an image of the brand that he's selling to his fans and convincing them and that's what they want to buy into. And that's why you see such a strong reaction owes. Musk and trump have many many people that are convinced that what they are offering. The world is going to benefit them personally Musk has thousands and thousands and thousands of Primarily I would say that. His fans are primarily men. Who are you know? Sort of curious. Future forward Maybe a little nerdy kind of guys who are interested in these concepts of renewable energy of electric vehicles of space exploration and things like that. And they're convinced that musk is the one that's going to be able to deliver them deliver that for them and the founded dorm don't they jack especially online in the comment section on? Youtube and elsewhere. Yeah he has a very similar following to to trump into what you see in a lot of kind of very passionate online communities. Which is that any sort of criticism or attack on. Musk is treated as both a personal attack and a sort of reputation of things that must allegedly stands for. So if you write an article that says Elon. Musk is treating workers particularly well. And he's been union busting for years that's going to be perceived by his fans as you standing in the way of progress as you are you know. Why are you trying to disparage the one man who is going to save us? Who is working for a cleaner future for electric cars? They'RE GONNA they're gonNA love me off to the show goes out from this. You mentioned the union issue. One very he claims not to be very political but one very political position he has taken is anti union. He doesn't like organized labor. He's fought tooth and nail to prevent workers in his bay. Area Tesla plump from unionizing. Hasn't he yet he's. He's done this for years there. There have been a couple of sort of notable points in this. There was a a tesla employees in two thousand seventeen named Jose Moron Who wrote a public medium post detailing sort of the conditions in in one of the Tesla facilities? I believe it was the Fremont Facility Talking about mandatory overtime a workplace injuries and things like this musk's response was basically to claim that this guy was a plant by the united auto workers that was trying to organize it tesla and there was a sort of whole mini news cycle at the time where he was railing on like the. Uaw spies and he. He sent out a public email. That sort of compared him in a David and Goliath analogy where Tesla which at the time was one of the highest valued automakers in the country was David Arrayed against these forces arrayed against him and he's one of the men on the planet. Yeah Yeah Yeah I mean I. I think he is not worth at. The time was not in the not in the gates are basis territory. But yeah he's he's a billionaire. Is it true? He wants promised his employees a coaster if they agreed not to union he he did must general strategy in dealing with adversity is to make outlandish promise And then sort of hope that everyone forgets about it by the time. The news cycle is ended so in in public that often comes with. He'll he'll make big promises about what Tesla cars are going to do. When his employees were expressing some discontent he sent out this e mail that was basically saying once Tesla becomes a profitable company. We're going to be able to do all these things that I've wanted to do for ages one of which was free frozen yogurt at a lot of the facilities and another was something he referred to as a tesla. Pod Roller which. I think it's safe to say I have not seen anything about that actually happening. I don't believe that Tesla currently has a pod roller coaster If they do I would be extremely the making the of sweeping sweeping promises. Exactly no fact check exactly and that's a lot of these things have just gone by wayside. the big the big thing in in two thousand seventeen of parliament's vehicles and musk was one of the first people that was really at the forefront promising. Our vehicles are going to have. There's some technical details level four and level five automation and things which basically means that they could drive in a variety of circumstances on assisted by a human driver and musk had a whole. You can't really call an ad campaign but sort of a marketing blitz where he was promising that by the end of two thousand seventeen tesla would be able to do across cross country coast to coast road trip in one of its vehicles with no with no human input and as we've seen now you know that that has not really happened. The limitations on autonomous cars are far far more than the experts were predicting well. Then the the inventors were predicting back in two thousand seventeen and these things have not really gone forward as he said they would and he gets away with it because the media let him get away with it. You yourself say. You spent years writing quote credulous pieces about his business and technology achievement. Lots OF PEOPLE. Right puff pieces about him. Those who don't get as you say attacked by his supporters. How much is the media to blame for the cult of Elon? Musk so I think. An enormous amount. At that time I will say that it does seem now to be changing and of course there you know. This is not a discount. There were reporters at national publications. I think I mentioned RIMAC earlier at Buzzfeed News and Mike Isaac at the Times was mostly covering Uber. Dana Hall who now writes for Bloomberg. I think these reporters were doing very good. Fact-based responsible journalism about mosque. And if you look at Dana Hall's mentions on twitter at any given time. She has hundreds of musk fan boys even though she's one of the most sort of even keeled reporters on him in the business must convoys attacking her all the time for being anti Tesla but at the time in this sort of digital media landscape for a lot of different reasons laudatory coverage of mosque was extremely widespread. And it wasn't just him. This was the thing that we saw People doing for facebook people doing google. There were there were whole outlets. You know who's WHO's ethos was in sort of positive. Press for the advance of of big technology and musk was one of the most interesting and sort of engaging figures in that world and so people got a lot of traffic off of posts. That were that we're highlighting the crazy weird ambitious things that he was he was doing. You mentioned the crazy weird stuff prior to this week's decision which has gone in his favor on reopening the tests and our plan he seemed to be melting down quote unquote. He was tweeting that I'm willing to be arrested. He was tweeting the other week. The Oh my company share prices too high. Is that all. Acta wonder because people like musk and trump and Boris Johnson. I sometimes wonder if the whole eccentric stick is just that stick distraction totally performance and fake. What do you think having covered? Musk for so many years. I think it's a bit of both has always been streak. He's always leaned into this image of being an centric billionaire. I think in recent years he really has perhaps gone a little bit too far. I don't know what has been going on with him personally. His personal life has certainly been chaotic and the decisions that he's made appear to have gotten him in real trouble most notably in the in the defamation case in countersuit involving when he called the cave diver who decided his plans to build a submarine to get the tie soccer team out of a cave. He called this British Cave. Diver a pedophile twitter. But he won that case interesting he got away with it. This is the classic thing with must and this week. He's gotten away with it again. Having defied the law reopened his plant. And now he's got the county retroactively approving. What he did is pretty dangerous isn't and they'll just immediate. Let's let him get him. Get Away with stuff politicians especially in California where he has a lot of clout. They basically saying this week. Almost can do it every once right and I think he's. He's also been enabled by his own board of directors for a long time because we saw another Bombastic sort of hard charging CEO. Travis Kalanick's who is an uber and twenty seventeen whose indiscretions eventually did end in him. Being sort of ousted from the pub. The company is public facing side. That hasn't happened to mosque because as you said he does continue to get away with it and he knows that he wields a tremendous amount of power over the communities that his his companies in his facilities operate in. And.

Elon Musk tesla the Times Elon Tesla Donald Trump SPACEX Jack Crosby Ceo facebook New York twitter salesman Google Lorena Gonzalez Atlantic Youtube Uaw
"musk" Discussed on Reset

Reset

01:48 min | 4 months ago

"musk" Discussed on Reset

"One of the world's most influential businessmen is taking on the government over its corona virus lockdown after reading for weeks against council news restrictions on manufacturing Elon. Musk restarted production at his California plant on Monday tweeting quote. I will be on the line with everyone else. If anyone is arrested I ask that it. Only being the Elon. Musk CEO of Tesla. The founder of SPACEX and one of the figures behind pay pal has some strong feelings about the stay at home orders around the country especially those in Alameda County California. Muskie's been tweeting that. He thinks that these are unconstitutional orders. And that they're fascist but he's also just really unhappy that Tesla's car factory in Fremont California has been shut down for a bunch of weeks now and therefore the company is not making any money last weekend. Tesla's sued Alameda County and violated lockdown orders by resuming production. I mean it's been stunning to watch a standoff early and then so Alameda County is saying that Tesla can resume its operations next week. Which had already started this week. Yeah it's a bit confusing. Both apparently came to an agreement last night. Tesla can resume its operation today on the show. We're going to explain how this whole mess unfolded and will take a look at why Elon. Musk objects so strongly to the corona virus lockdowns plus. We'll explain how this follows a long line of questions about Tesla and worker safety. I'm Ariel Ross. This is recessed.

Tesla Alameda County Musk Elon Muskie California Ariel Ross SPACEX Fremont California CEO founder
"musk" Discussed on Sidenote

Sidenote

11:37 min | 4 months ago

"musk" Discussed on Sidenote

"With ways. Lawn my all just happened. In this time I turned into a squirrel. That's the thing I do 'cause that sounds like a man and I just picture because it's an audio only ask for some people. Have you hear that noise? A magic became a frog. Wow that's riveting riveting if I say so myself your face own stand do but I think nicest part about. You don't understand too because here's the thing that was going to say. Let's let's clarify some things because before I go into my science stuff about electric vehicles. I looked in a little bit to Tesla. Just wanted to make sure I knew some groundwork facts and these are some things I found out so tesla was actually created by two different people. Elon Musk was not part of this. Was Martin Eberhard and mark carpeting. Where the gay. They're fake does sound like fake names market number number. Dr Bernard there was a third person who was added and then Ilan. Musk came on as a venture capitalist. Oh Lord Oh he basically like in my mind I was like Oh Elon. Musk created and founded tesla and then they actually so allow. Musk in those first five people. Even though the three joined later they signed a deal allowed. Elon Musk and those other. To call themselves founders. So even though he wasn't technically a founder he wanted and I'm not blaming this on him because maybe those other people wanted that as well because he gave money he wanted to be able to be like. I'm a CO founder. Grimes knows all this ranking. Grimes isn't finding out. She's raising things. I also didn't know in January of this year. Tesla became the most valuable American automaker to ever exist. Yeah I we I mean I didn't. I knew that we didn't talk about it in that context but I knew it was the switches. Most profitable limit is not awful. Sorry valued world. It's the second most valuable bag next to next Toyota. So it just Powell and in the end of January of this year. So that's why I was confused because I'm like how are they never profitable? I guess there's stuff like how much research and development they have to do. And how because they don't have retailers like you can't go to like a car what you say shop. Where do you get a car? I'm so surprised. Yeah exactly 'cause they're like toge- so that so they have to spend so much on promotion and getting like their hope is obviously long-term once they get market saturation than the money starts rolling in but I think they every silk every Silicon Valley Story. But that story happens to me. I hear it all the time and I'm just like all these dudes walking around being like okay. Well well just your way. Oh it is. It's like it's wild. It's like if you're so. They made eighty six point. Five billion dollars in America. And I'm like if you can't be prompt that's crazy but I guess the whole point is they are having to do so much legwork to make the technology and to get the resources to do it and to put into marketing into all those kind of things so I don't understand business but there is a point where like you're making one hundred billion dollars and they think that the best crib for a on flux twelve number exactly I do think his crib is just going to be one of the cars going to have no railings. And it's just going to be like it's GonNa look like a doctor's chair and he's going to elevate about it or she or they also just like I'm not going to bail on the podcast. I just have to tech someone because I have an appointment only God to send a message while you helped me very digital appointment that I needed to know I do think that I do. Think that Tesla being the second like market market capitalization at the second most profitable or not profitable. Soy Valuable car company to meet was so surprising. Yeah every other company has also existed for like seven years ago. There's there's there hunter everywhere but I haven't seen as you know. Maybe I honestly don't know they're all over like la but like being in Toronto. Where are they? I don't know so those were only a couple of facts about Tesla but I wanted to talk a little bit about whether or not. Tesla is actually sustainable. Okay cool because this video we've been trying to think about making. Yeah until it's for this for my facts here. I've leaned heavily into an awesome channel on youtube called are changing climate. Like my favorite. So they cover all sorts of topics definitely check them out. I love it. It's mostly voice over with just like stock images that like essay. Hello so just some faxing. Spit out to kind of analyze whether or not. Tesla's are actually sustainable. So the impact of Tesla is sixty eight percent more emissions. What am I talking about the sorry? This is about the extraction process. We're talking about so. The Tesla gets on a roll. But there's a lot that happens before that so getting them it's resources it's actually worse for the environment in that process is sixty eight percent. Yes so because it's so energy intensive. They're trying to find rail rare metals. I think what they do. Is they dig giant holes. Like there's a mine in China where they're digging for these rare metals and they dumped toxic chemicals on it just again for the battery. Yeah so when they do that. For example only zero point two percent of what comes out of the ground is used but they basically destroying parts of the land right so it's a hugely problematic process. This is for the battery. This is this is for materials that are used mostly in the battery but get used in the cars. Well if I wrote here where they're you wonder. If there's any emeralds used them hello call your down from them. Roll Mine. Did you know his dad? Also kind tell you one thing just. His Dad had a baby with his stepdaughter who he knew the stepdaughter. Since she was four and that just isn't he also disenfranchise from his family? I was going to say he doesn't like he does not like but there's there's older fresno so sorry I was just trying to. That's where I'm feeling kind of scattered because I have to tax basically. Yeah those materials. Those rare metals are used in the battery headlights and onboard electronics. So crazy cool screen. Yeah and so yeah. It's basically that extraction process is extremely dirty and his knock green basically in any way it's producing sixty eight percent more emissions than an actual actual than a typical car would but also use gas and coal powered equipment for extraction so on top of destroying the environment and releasing emissions your. They're not using like electric materials to or like solar power materials to get these materials either. Because yes you have like huge factory pits and stuff not factory pits but open pits using Colin gas and burning the whole time but ultimately once the car is on the road. Obviously it's way born greeting even though it depends on where you are because you might be using energy anyway if you're plugging into a circuit that's not using. Renewable energy is using gasoline goal. Seeing a lot of them all over Los Angeles and California and learning about California's grit system. It's really it's quite green California's one of the best places you'd be having a Tesla and actually feeling like okay. I'm not I'm not using as many emissions into Ontario is extremely green to a lot of wind like energy so it is interesting to think about the two places we've sort of spent time recently. It wouldn't be SMART AVATARS. La If you've got a foreigner and you could feel sort of pat on the back okay. It's it is and ultimately they found that after eighteen months on the road and electric car actually compensates for all those things that it did when it's with tobacco that it becomes more green from that which is eighteen months non very long and neither are going to have a car for ten fifteen twenty years. That is going to be a lot better but it's still enough time to allow you to be like okay. It's not this magical thing. Yeah and here's still impacting. The environment like our phones and I like they're trying to find these rare metals that are needed in places there can exploit or destroy or whatever sack to what I was saying about the concept of maybe not owning a car. Like how do we culturally shifted so that we use public transport ridesharing apps like what do we that's ultimately what this videos discussion about? So a gas powered car has two times emissions over. Its lifetime but ultimately it's like you know one of the things that Tesla's many electric companies but tesla tries to recycle most of his batteries about seventy percent of its batteries get recycled which means I don't need to go mining from war and they're not making a new car. Ms Being reused. So there's you know what I mean like there's elements of even once they get it they can reuse it again later so many people are buying it has lime probably also have like Harari and also. Have you know what I mean? Yeah if you already have a vehicle. It's actually probably not better to get a new car unless you need right so ultimately should you get an electric vehicle if you're in the market for a car right now awesome and you can afford it. That's great but if you have a car that's not that old and you could still. You're not doing a service by creating a bigger demand for these things. There's still an impact on the climate on the environment from this. So don't just think it's a fix all if anything we should be it might minimize individual emissions but those are actually not often the biggest part of our problem right like we have to fight for legislation that will regulate companies and regulate countries and help to make us all actually oil companies early on tried to create those campaigns of like. What can you yourself to be more green to try and get the sort of like energy and momentum off their backs should always remember. It's like obviously do your best individually but it's really action together against corporations and getting politicians to lobby behind you so I think we can have a couple of extra minutes here to talk about some some more thoughts about Yulon after we've gone through these studies. Well that certainly didn't help so I do think again going back to my initial stance two years ago. Even I still think it's a noble cause like excluding him for example for car companies and brand new car companies like ten. I shouldn't say brand new car. Companies that focus exclusively on electric vehicles. I think that's a noble cause. I do think it's a good thing and I'm excited that culturally. We seem to be shifting toward that being the future but we also need to talk about on because that is the name of this podcast. It's Elon. Musk you know update or whatever and I actually am still. I feel a little bit like okay I. This is what I was worried about like. What I'm I'm a man with these with this history with Megalomania vibe just like again trying to swoop in and save the world and in fact the every way that he's acted I've felt in the past has made me skeptical of them that I can't believe we're sitting here and he's like saying that crown of cases are going to be zero by the end of April with his platform. I'm just frustrated because I don't want to be told you so but it's like frustrating to me when it's like it's like it's like.

Tesla Elon Musk Grimes Martin Eberhard Toyota founder youtube Toronto Elon Dr Bernard CO founder California America Powell
"musk" Discussed on Reset

Reset

02:48 min | 9 months ago

"musk" Discussed on Reset

"I mean I can't imagine saying that to a romantic partner on your wedding night of all things or ever but I also think it speaks to some of the stuff. We were talking about a little earlier about how he needs to constantly be in control. And what is that phrase if not you know. I'm in control and as the two of them are getting divorced. I'm GonNa Watch the exact phrasing so this is a paraphrase but you know she says something about not being happy in the relationship and he says something like if you were my employees. Yeah I would have fired you what that story indicates to me. One is not just his desire for control but also a misogynistic streak yeah. There's you know I'm trying to think about how to phrase this because there's certainly a streak of misogyny Nia among his fans It's something that especially women reporters who cover Elon. Musk counter a lot. I personally told that I must be quote unquote obsessed with them but there is this sort of culture that he comes from that is not especially women. Friendly like Silicon Valley of that period is not especially women friendly and it's still well not women friendly now so there is kind of a casual misogyny and a lot of the areas in which he's operating And like that's true of aerospace. That's true of cars. That's true of software These are all extremely dude turf places where dudes tended to defend their turf. So how exactly did things end between paypal and the other co-founders and Elon. Musk so Pay Pal goes public in two thousand two and after a couple of months is bought by Ebay and I think must get something like one hundred and sixty five million dollars out of this transaction the overall transaction is something like one point five billion okay. So what's the pay pal money. He does chew things first of all. He founds a rocket company. Space Exploration Technologies SPACEX. You found that in two thousand and two but the other thing that he does is he invests in this a car. Companies Company was making electric cars. He's the series investor Fester for Tesla Inc And that takes place in two thousand four and later Must becomes credited as a CO founder of Tesla after the break picks up speed.

Musk Elon Tesla Inc Space Exploration Technologies partner paypal Nia Companies Company Ebay CO founder
"musk" Discussed on Reset

Reset

07:07 min | 9 months ago

"musk" Discussed on Reset

"Lisboa Plateau deputy editor at the verge and reporter on the. Musk beat how did he long become the person he is today. Can you tell me a little bit about his childhood. Oh Yeah I could definitely tell you about his childhood. So he's he's born in South Africa his parents split. He stays with his dad after the divorce. His Dad by all accounts counts is not a great guy and so he has kind of this rough home life and he's not doing that well with his peers at school either. What do you mean by that at one point? He was beaten so badly by his schoolmates that he was hospitalized. I mean. He was bullied so he grows up in South Africa. I mean he now lives in the. US How did he end up there. I moved to Canada and then he moved to the US and in both cases it had to do with going to school. He went to college essentially and his family is actually actually Canadian right. I think his mother might be Canadian. Sorry I like plugging that in. Their people should know so i. He goes to Canada Canada and I think he's at Queen's University which is in Ontario and from there he moves on to the University of Pennsylvania. where I think. He got dual degrees in economics. Physics all right and at this point is he already thinking up businesses that he wants to Creator you know whereas whereas my net yeah I mean so. There's I mean the economics degree suggests to me that he's already thinking about business but there's also some anecdotes in leave ANZUS biography about him like hosting parties where he didn't necessarily drink but he sold people drink. Cups made a bunch of money that way so it seems like you know this is something that he's he's been thinking about from the jump so anyway he he leaves Penn in Nineteen ninety-five and gets accepted it into a PhD program at Stanford University in California in physics. But as he's going out there you may remember around this time. There's the internet boom and so he's in this program for. I think like two days like literally. Today that's before he drops out uh-huh decides to launch his first company which is called Zip to okay. What's too so it was sort of an early? The attempt to get newspapers online. Believe it or not but anyway This gets acquired by Compaq for something like three hundred million dollars. There's in nineteen ninety nine and with this money must goes on to co found x dot com an online financial service and a payment company. What exactly was launched vision for that company? It was one of the first online banks as far as I can tell. Musk wanted to challenge the banking industry he wanted to disrupt banking so this is an ATM. We're going to do is transformed traditional banking industry. I do not fit the picture of a banker. Raising fifty million dollars is a matter of making a series of phone calls and the money is there you know. It wasn't a a small scope type of deal that musk was working on. But what happens is x dot com winds the merging with infinity. which is the startup by guy? Peter Thiel you might hurt him anyway. conformity has a money. Transfer Service called. Pay Pal. They this is where there's some friction Because you know you on mosque really has this idea for an extensive banking service US and he. He wants x dot com to be something much bigger than that. And there's sort of a fight about branding because he wants the branding for pay pal to be. I pay pal brought to you by acts and pretty much everybody else is like people like and recognize. Pay Pal they don't know what acts is Let's just let's just make it pay pal so at this point. It must doesn't like the fact that that the company that he was working on the name is getting a raced. Yeah I mean basically. It's a sort of a question of scope right like do you want to focus on these online payments or do you want to do something much bigger and must get pushed out so that they can narrow the scope and focus on these online payments. And I from the former. CFO OF PAP- house at something like it would have killed the company if you had stayed on as CEO for six more months must got kicked out of pay pal. Essentially is what you're saying. I mean he was still on the board but yes he was he was fired as a CEO. How do you think that impacted him? I think that getting kicked out had a pay pal was a formative experience for him because it seems to speak to the way that he controls his other companies. There's a bunch of anecdotes of him. I'm talking about how much he doesn't like public companies. Because you can't really control things and you can't really have a long-term vision and I think that after his experience at pay pal it must decided okay like I need to be in charge of my own companies in such a way that I can't be removed like this again. How was Elon? Musk perceived at that point like who was he in the world of of business in the world of tech I think he was sort of perceived in the way that most executives are perceived. which is you know you're known within your own circle but you're not necessarily a household name so he is not the guy that we know today? No He's definitely not and you can see. There are some mm early interviews with him where people are talking to him. He's like doesn't have the same kind of media savvy he later develops and it's like seeing A Proto Yulon. Musk ask a lot of the stuff that we see later is already there But it hasn't quite developed. Do you have an example of of guests his media media clumsiness at the time I'm I'm thinking of a specific interview and I wish I could remember. There's one with him and his then wife and they're you know talking about how their life hasn't really been changed that much by this money except that they bought a nice car and its him showing off his car Which is called McLaren F one? It's a million dollars for a car. It's it's It's Oh yes yes I know exactly what interview you're talking about. This is actually a pretty famous interview. Where where he just seems like kind of I don't know he hasn't doesn't fully settled into his new life? He's a little bit awkward. He just seems like he's also beaming right. He's really proud of this car. He's thrilled thrilled out of his mind. Nine completely. It's actually pretty well but just three years ago. I was showering and the at the Y.. And Sleeping on the office floor and now obviously GonNa Millionaire car and quite a few creature comforts. Okay so I'm glad you actually brought up his wife and everything so musk also got married in two thousand for for the first time right to just steam..

Musk US Lisboa Plateau South Africa Canada Peter Thiel deputy editor Compaq CEO ANZUS reporter Canada Canada Stanford University California Cups CFO Elon
"musk" Discussed on The WIRED Podcast

The WIRED Podcast

03:42 min | 1 year ago

"musk" Discussed on The WIRED Podcast

"So saying it believes that the situation will be resolved in coming weeks, or months, but it's been stockpiling equipment, and chips and everything as well. So it may have like a longevity. So a problem when these, these products run out, but I think the next stage will potentially be may be on this podcast is out. The China may come back with some sort of new sanction on news statement on new action is basically in retaliation to one of its biggest companies being victimized essentially by another government, we shall funny. The story closely and. Do get in touch. Do you use a hallway phone? If you've been following the story, what do you think about the whole situation pulled cast at Wyatt dot co dot U K onto another story. Elon Musk is doing a thing he's doing another thing is always doing thing. What's he doing this week? So what he may be doing this week is launching plans to start the space internet now program to that. I'm going to start with a little bit caveat here. So we were calling on Thursday may twenty three is planned that Elon Musk will launch sixty satellites to serve this constellation that will start delivering space intimate to earth? However, last week, there was ready to plough largest plant both counseled to. There's a good chance there might get comes tonight, in which case it actually hasn't happened yet, but it's going to happen anyway. So, basically what's going to happen is the. The. Spending this now it might not happen, exactly tonight. But we should know about the story anyway, because it's going to happen at some some point summerish, basically on Thursday today, SpaceX kickoff plans to launch the space internet race. If you like with the launch of sixty satellites aboard a folk nine rocket from Cape, Canaveral Florida, it goes to plan, which is this so called space internet. You're talking about imagine the internet, but it comes from space instead of coming from a root or like a mobile phone mast or something like that. So probably most people are listening internet through wired connections, that might be brought band that comes up for your building and from under the ground, or might be through a four g connection, which obviously a mobile mass is at some point connected to the wired, internet, what space internet wants to do is to do all of this earthly infrastructure, so Musk's plan. Cooled S-curves subtle incidents styling is he wants to make a huge. Constellation of twelve thousand satellites orbiting the F, and to between five hundred and twelve hundred kilometers. And the idea is, is that you can kind of get university global coverage of the internet, without having to build quite big and Boca infrastructure of iron to lay. Why is or Bill towers next to people, what about connecting people in rural, rural or hard to reach areas? What any doing sixty at the moment? Well, this is much bigger plan. So eventually, the idea is twelve thousand of the satellites, which is massive, as I said, at the top of the show, the right you only two thousand active satellites around, so you think about that. He's, he's talking about doing five five six times. What's already there? So there's some problems. We're going to get onto later but essentially ideas is low satellites up there, and it means that no matter where you are in the world. You'll be able to get coverage you'll be waiting for satellite passive your area because there will always be a satellite overhead and this isn't the first time. I've heard of a plan to be internet from space to cover the rest of the world. That isn't currently connected. This other companies in this game. Right. Right. So right now, they're actually nine companies are working on exactly this thing space internet..

Elon Musk China Florida Bill towers twelve hundred kilometers four g
"musk" Discussed on KTRH

KTRH

02:10 min | 1 year ago

"musk" Discussed on KTRH

"He's with me for this hour. Yeah. I'll talk for a second. So you can clear your throat turn your way. From the microphone. I wonder if frogs get people in their throat when they have a cold. S A D thought. So. The newsletter this week headline bucking the trend of lower car sales. Overall, large luxury cars sales, actually increased in the year two thousand eighteen compared to twenty seventeen enquiring minds wanna go wanna know. What's up with that? Just simply the economy doing better. And when you get into the upper income families, my experiences, they typically will have one SUV and wants to Dan. And so when you look at the leaders from last year Mercedes s class, Lexus ls saw huge increase with when they redid that car BMW seven series Porsche, Panama. I mean, these are expensive cars. I guess the cheapest car on there's probably the Kia k nine hundred which three hundred fifty four people bought last year. So who knows? Do that in a month? But. You know, I think it is just a sign of the economy. It really do. So you mentioned in in the story that tesla dozen reports sales. No. But I do have an Elon Musk update for the week. Oh, yeah. This week Elon Musk accomplish something that not easy to do. He drove the price of his stock down and tesla fifteen percent in one day by saying, you know, I think I'm going to lay off about seven thousand people. Well, at least he's disclosing things now. Yes. Last time. He tried some shenanigans it cost him a million dollars and a fine. So Andy got demoted from being I guess he was chairman down to see you not gonna make any.

chairman Lexus ls Dan Panama BMW Porsche fifteen percent million dollars one day
"musk" Discussed on The Vergecast

The Vergecast

03:49 min | 2 years ago

"musk" Discussed on The Vergecast

"This is now the third week where you have been ready to go with a recap of this week in Eli on and then Alana's eland listen, I don't want to be too dramatic about it, but Elon Musk has kind of been ruining my life. The last several months. All right. But I would say this is the most. This is the only time when we've said, oh, we got a, we gotta hit pause in like start over because of the scale of the lonning. So Liz has already recorded this week and he lawn for the verge cast that were tossing and clock in the morning this morning, I'm on Pacific time. It's currently two o'clock. We're it's Thursday and like I cannot believe that I am already out of date and it has not even been twelve hours. What happened was I had this great thing about like labor unions and tesla in this NLRB board hearing what's been going on this week, and then the SEC was like, what's up we're filing charges. So the SEC is sued Elon Musk for securities fraud after he attempted to take the company private earlier this summer, longtime listeners know a recurring theme in this week in Ilan is that one should never tweet. And right now in the SEC complaint, we have some evidence for why not only because of the take private tweets that are the basis of the. Plaint. Those are pretty significant, but also because a bunch of the evidence cited in the complaint is Elon Musk's, shortsellers tweets. So for those of you who might not know shortsellers people who basically bet that a stock is going to decline. And those of you who've been watching Eline closely know that he has been saying all sorts of wild things about shortsellers. There are two that are cited in the complaint. One of them is from may short burn of the century coming soon. Flame should arrive just in time and another one in June. They have about three weeks before their short position explodes. Although obviously, there are plenty of other taunts for shortsellers to choose from anyway. The SEC just gave a press conference where they basically dragged Ilan. I called up a couple of corporate governance folks, but what what the SEC is seeking to do is remove Elon Musk from being the CEO or a board member of a public company. Any public company not just tesla the claim is that his tweet in particular about taking tesla, private. Four hundred twenty dollars share, quote funding secure was so reckless that not only should he removed as the CEO of tesla, but he should never serve in in one of those positions at a public company again, which is wild, correct. Listen, all of this is wild. I'm just gonna read you some choice quotes from the complaint in truth. And in fact, musk had not discussed much less confirmed key deal terms, including price with any potential funding source. And then they go on to say that the funding secured tweet was false and misleading and subsequent statements were false and misleading to and then I'm going to quote again, musk new or was reckless in not knowing that each of these statements was false and misleading because he did not have an adequate basis. In fact, for his assertions, musk knew that he had never discussed a going private transaction at four twenty a share with any potential funding source. He had done nothing to investigate whether it would be possible for all current investors to remain with tesla as a private company via special purpose fund and had not confirmed support of Tesla's investors for going. Transaction. That's a lot. Yeah, never tweet, I think so when the SEC says, we don't think you should be at a an officer in any public company ever again, is that the sort of thing like the SEC says that to a lot of people, but they don't really mean it by the time it gets trial. It's like, yeah, we just that's our opening position, but that's not really gonna go there or is this the thing that they don't really do? And this is like super serious. 'cause they're real mad. It's super serious because they're real mad. They filed mmediately. You gotta keep in mind..

Elon Musk SEC tesla Ilan NLRB Eli CEO Liz Eline Alana securities fraud officer Four hundred twenty dollars twelve hours three weeks
"musk" Discussed on Vox's The Weeds

Vox's The Weeds

04:21 min | 2 years ago

"musk" Discussed on Vox's The Weeds

"But like when, you know for a fact that there is some much better way to do them that is already being done and that what could really be helpful would be for some diligent, careful people to like learn about that. Like let the diligent careful people do it right, and go do something else because there's this tough line to walk with like you have a vision for a new kind of car that seems successful, but also there's the logistical problem of building it like like that's hard man like. That's like, that's the hard stuff. So don't pile on like unrelated unnecessary, hard problems like that just seems crazy. And you just genuinely don't see anybody else acting like that, right. It's interesting, but I feel as if there's something to be said that that craziness and the fact that no one else is doing it is actually part of Elon Musk and therefore Tesla's appeal like their stock price has gone up somewhat over the last week or so. And there are many people who are big fans of this purely because we don't see it. You know, purely because you know, I've seen ten cook, speak, and you know, it's not riveting. But you know, it's the kind of thing that you're like, oh, you know, he runs a company, Elon Musk going on a podcast and smoking a blunt, and again, not inhaling like that's something you do not see. And I think that there is this notion that we have where something being different. Is interesting and it just, you know, that's just how people work. But I also think that that in itself, at this point, Elon Musk could not become Tim cook. That is not going to happen because part of what Elon Musk is best at is being Elon Musk. Then I think that that's an interesting challenge to be so inherently linked, not with just a company, but with a style of doing things that this is kind of baked in now and there's nothing really the board can do about it. There's nothing really people around him can do about it because it both works and doesn't work. And I think that that's a fascinating challenge. I am not an organizational sociologist, but I think that, oh, I mean, I'm not organizational sociologist, but I realized that this is in fact another ration- of the max paper thing that that Nike coming back to you on Friday weeds about charismatic, bureaucratic leadership, like it's not wholly implausible for an. Institution that is built around a charismatic leader to transition to bureaucratic leadership. It is a difficult problem and this is, you know, I know that there are people who have spent their careers working on this and who could probably talk about some trends of organizations that successfully make that leap. But it is very obvious that it requires a willingness to not be a as medical organization anymore, right? Like you need to have an understanding collectively that you want view organization to continue to persist after the person who started it. No longer is there or no longer exists or something like that, and that there's a certain amount of kind of conscious culture building that needs to happen and also a greater tolerance for the things that are going to make it less efficient for that person to get what they want because what they want is not what the company is there to serve anymore. I don't know that it is fully baked into the cake that tesla cannot survive without Elon Musk. I think that we have seen. Look, it would have been very easy for apple when it was rebuilt under, you know, the return of Steve Jobs to be a Steve Jobs Centric enterprise, maybe a little bit less easy because it had existed as a company without him before, but they're really work questions, went him cooked took over for jobs of lake weather. Apple could continue in the way it has and wilder questions about whether he's been as good. There hasn't been like, oh, apple is dead now because apple raised Steve Jobs. So it's possible, but it's difficult and it requires accepting that you're gonna piss off the person at the heart of the organization. I mean, like as reclined is not Elon Musk at all. One of the key differences between as rainy Lon musk is that when you guys started a website as RA was perfectly willing to not be the person making all the decisions..

Elon Musk Lon musk Steve Jobs Tesla apple Nike Tim cook lake weather
"musk" Discussed on Vox's The Weeds

Vox's The Weeds

04:24 min | 2 years ago

"musk" Discussed on Vox's The Weeds

"And just this week, tesla scaleback the colors is offering a for its model three. Oh, right. And there's also an embarrassing thing about tesla crashing itself. By backing out of garage using summoned feature. What's more tesla is about ten billion dollars in debt hasn't had a yearly profit and is as a mentioned earlier, losing a lot of senior talent, right? So I actually don't super agree that must contest. Law are the same thing as the kind of standard Silicon Valley like, oh, you've invented a bus. I think it's really. Useful to contrast musk with Travis Hellenic of Uber because Uber is kind of was the peak. We're going to make money by just disregarding laws and assuming that everything the public sector has done is totally wrong in screwed up, and we're just going to ignore it until like law enforcement literally forces us to pay attention to the status quo. It appears at this point in time that Uber's business muddled did not have a whole lot to offer beyond that. But what musk is doing is saying, okay, here are some problems that things like MagLev trains where the US really is lagging behind other countries, things like renewable energy powered cars, that a lot of people agree. It would be a really good thing if they existed, the government does not currently have the resources to make those things exist on its own, but is willing to give money to people who are trying to or like offer incentives to make those things more real. Let's step in and I think. This that is made musk himself. It's it's given him a cultural capital that even much more successful forward-facing CEO's like Mark Zuckerberg don't have where like he gets credit, not just for having these wacky ideas, but for grounding them in. Look, we're trying to bring humanity into the future, right? Like he, he ultimately wants everybody to survive on Mars. Yati Yata. There's like there's an actual vision here that's beyond just making money, but that I think is where the kind of personal stress on Ilan musk in the relationship between musk and the various companies he runs gets really fraught. Because the fundamental question to me looking at kind of the portfolio of your on Musk's holdings is like, what makes a company right? Is a company. A product tesla is pretty clearly built around. They have this product line that they're working on. That's great. Is it an audience that they're trying to serve, which is not something that Silicon Valley tends to really invest in is like a. Rand identity or is the company a person. A lot of the concern about whether musk is going to get dumped from tesla is grounded in this question of is tesla, successful idea if Elon Musk isn't running it anymore, that I think is something that we haven't seen in Silicon Valley a lot because it's so assumed that entrepreneurs are there companies, and it's really worth thinking about when we're now at a point where this person like as an individual is clearly doing a lot of things that are not directly related to his company and his company's product is struggling late. What do we make of the relationship between Elon Musk and the company here? And it's interesting because I think that that relationship is really critical because when Elon Musk does something like tweet on August seventh funding secured to go private at, you know, four hundred twenty dollars per share. There was some interest from the SEC about that, and a lot of people descended. Tesla's biggest investor Baillie Gifford spoke to the SEC about the go private plan and the asset manager, James Anderson said that musk needs help. And I mean that psychologically as much it's practically because in the eyes of viewers and I think that it's a fascinating thing and it's actually in a weird way kind of similar to, but also different from yet went Trump tweets, triple tweet something, and we'll be like, Trump tweeted the sink, but then the Trump administration will do something else like Trump's not very hard on Russia, the Trump administration pretty hard on Russia. That is not. How would it appears. It works with tesla because when Elon Musk tweet something or says something or accuses someone of being a pedophile with no evidence and continues to argue about it on Twitter, which like a normal person does that reflects on the tesla administration..

musk tesla Elon Musk Uber Ilan musk Silicon Valley Trump Mark Zuckerberg SEC Yati Yata US Twitter Russia Baillie Gifford Rand CEO Travis Hellenic
"musk" Discussed on WSJ What's News

WSJ What's News

03:55 min | 2 years ago

"musk" Discussed on WSJ What's News

"A new law will ban the use of smartphones by students, ages three to fifteen on school grounds, beginning in September. Francis education minister says it's an attempt to limit distractions and encourage other activities like reading and playing. Meanwhile, cell phone use among children and teenagers growing with more and more of them likely to have their own devices up. Next, we'll have more on Elon Musk's talks with a Saudi fund. This is what's news from the Wall Street Journal. Thanks for listening. More details are emerging about the plan to take tesla, private, chief executive, Elon Musk announced last week via Twitter that he was thinking about doing just that and on Monday he revealed that he's been communicating with a Saudi fund joining us now from San Francisco with the latest is Wall Street Journal reporter, Tim Higgins. So Tim musk offered these new details in a blog post on Tesla's website on Monday. What can you tell us about the communications with the Saudi fund you? I must go says that the this fund had reached out multiple times over almost two years and had talked to him about their desire to help him take test the private, and that this fund recently took almost a five percents stake in Tusla and requested a meeting, and that meeting occurred on July thirty first. And during that meeting, you musk says that he. Left with no question that a deal with the fun could be closed, and it was just a matter of getting the process moving. So he leaves that meeting and then has a meeting with the board of tesla eventually, and they've come to the come to a conclusion, or he says they agreed that he should start having conversations with Tesla's largest shareholders about the possibility. A big question is how musk will secure the funding to take tesla, private, and in his post. He said he expects about two thirds of current shareholders to stick with tesla. Has he made any assurances that that is likely, what evidence do we have of that claim while we don't know why he is saying that amount or how he came about it. The reason he is is suggesting that is that the one of the criticisms in the last few days after he tweeted this initial idea that he was thinking about taking private was that traditionally ago, private deal would require a lot of debt to take the Cup. Private tesla already has a lot of debt and analysts have been concerned that it would just mean too much debt. I mean, taking tests, the private is would seem unusual because it it doesn't have some of the characteristics you typically see in such a deal. Because a right now, it hasn't had positive cash flow NBA. It's not profitable. And while you Lon says that he thinks that it'll be profitable this quarter. Next analysts have been somewhat skeptical on some of his his big ambitions. And so here's a company with a lot of debt already, and there was concerned that by going private, it would just be taking on so much more. And so in Monday's post, Yuan musk says, basically that he, he agrees that taking on a lot of debt would be not a good idea. So he he's really saying there's been a misunderstanding that it really kind of dramatically overstates the the need to raise capital because essentially, if two thirds of the shareholders are. To agree to this. He's essentially arguing that it will be a lot cheaper do. Then critics have said, and the Wall Street Journal has reported on the securities and Exchange Commission. Looking into why musk decided to announce this on Twitter, how much of this blog post? Can we attribute to that inquiry? Well, it's hard to say what you on Musk's motivations are whenever he does anything, especially on Twitter, he's very unusual as a CEO of a public traded company..

Yuan musk Elon Musk Tesla Wall Street Journal musk Twitter Lon Tim Higgins San Francisco NBA chief executive Exchange Commission Tusla reporter CEO Cup two years
"musk" Discussed on WSJ What's News

WSJ What's News

02:54 min | 2 years ago

"musk" Discussed on WSJ What's News

"There was some language in there that they hid addressed of the funding needs in a discussion, although they didn't state it with as much certainty as lon- musk did who said the funding was secured. So it seems to me Tesla's board of directors would have to approve any leveraged buyout before it happens. Could Elon Musk still get into trouble of Tesla's board decides that a deal to go private isn't in the company's best interests and they next the deal? Not necessarily. It's not. I mean, deals fall through all the time from what I know talking to lawyers and others about this story in the last couple of days. And I don't think the legal, whether there's legal violation hinges necessarily on whether he takes the company private. It's a little more nuanced than that, and it has to do with whether do regulators make enquiries to. They start calling over to tesla and asking about this. They interview people, do they develop a factual record that suggests that he never had the funding secured and doesn't have to be that the transaction doesn't happen because it it's possible that he does have the funding secured in the transaction doesn't happen for other reasons. What about the fact that Elon Musk has been at war with shortsellers of Tesla's stock shortsellers were betting that the stock price will fall. Couldn't this comment be interpreted as an attempt to drive the stock price up and perhaps spite the shortsellers well, to make a statement that isn't true just to make the price of the stock go up that is. Manipulation and but ultimately that's a false statement that has an effect on the markets demand for the stock. So that would be that would that would be a legal if that was the case. But a lot of public company executives probably believe that quarterly earnings analysts and attention from shortsellers is a pain if not an outright harassment, but they don't go on Twitter and talk about it. So ultimately, I think all that stuff is kind of just white noise the question in terms of whether he did something wrong is just, hey, did he have the funding secure those two words matter a lot and we may or may not know about that. Eventually sort of depends on whether the SEC or perhaps prosecutors one day brings claims against him. And according to the Wall Street Journal, several independent directors of Tesla's board said Wednesday. It has met several times over the past week to discuss CEO Elon Musk's proposal to take the electric carmaker private Wall Street Journal reporter. Dave Michaels joining us from Washington. Thanks, Dave. Thanks very much. And that's what's news. This is Charlie Turner from the Wall Street Journal. Enjoy the what's news podcast. Then tried the what's news newsletter, sign up at WSJ dot com. Slash newsletters that's WSJ dot com. Slash newsletters..

lon- musk Tesla Wall Street Journal Dave Michaels SEC Twitter harassment Charlie Turner CEO Washington reporter one day
"musk" Discussed on We Are Funny

We Are Funny

01:38 min | 3 years ago

"musk" Discussed on We Are Funny

"The if you of course the first black to your listeners this segment is cold yvonne's musk as reading article v of day and you'll musk mentioned a specific product that he likes a the all school and a con by revises torney more but ilan really loves one of these products in the smell of it and so if amounts satiate that smell with even musk so that's why it's cold he loans musk plans really accompli that i willingly say quickly as volunteer myself to slow down whatever you remember the heritage of a way or another love arnold milk he loves listening gallup's um he loves vomit now sums can prepare the nihon holder has anything next is even moscow yvonne's tom hutyler with an open palm neck wait on your nice a ready say because this is an georgia program if he could get into a few disgruntled smell yet in cases in the first now georgia's sniffing i wanna get claimed sabri i can i was no had busing can i have no salesmen currently.

yvonne musk gallup tom hutyler georgia ilan arnold moscow milk