19 Burst results for "Tesla Spacex"
"tesla spacex" Discussed on Monocle 24: The Briefing
"Now to take a leaf through the morning papers from Europe and elsewhere, with the broadcaster journalist and former Vatican correspondent Juliet linley, who joins us from our headquarters in Zürich. Juliet we're starting with The New York Times, which is trying to figure out what on earth earth's richest individual thinks he's doing with Twitter. Indeed, Andrew, hello from Zürich. So yeah, thanks to interviews with former employees at Elon Musk's other companies. This New York Times article really brings to the fore what seems to be a blueprint for how Musk's crisis domestic politics seems to be done, if you will. So he seems to have developed a playbook for managing his companies, including Tesla and SpaceX, as well as Twitter now, through periods of pain, employing shock treatment and alarmism and pushing his workers to end himself to put aside family and friends and spend all of their energy on his mission, going full tilt nonstop essentially. So just as he's now making headlines at Twitter with office closures and layoffs, back in 2018 with Tesla, he was lamenting his company was on the brink of bankruptcy. Dismissing employees and sleeping at the office, and at the time Musk told people that, yeah, he was sleeping on the factory floor and not leaving the factory that SpaceX as well in 2017, Musk said he needed to perform rocket launches every two weeks or face bankruptcy. So using the word bankruptcy to fire up employees. He's used the word again more recently at the rocket maker and at Twitter these days Musk is very much in full crisis mode Andrew as we can see and as a former Tesla employee put it a crisis atmosphere and self imposed austerity gives Musk the cover to make drastic changes and fire top managers and large numbers of staff and it prepares those who remain to work under extreme conditions Andrew, however, unlike what happened at Tesla SpaceX, which were high risk, high reward, if you will, it's unclear if Musk will find the means to motivate employees at Twitter the same way. Because their quests at the previous companies were they wanted to move people away from gas powered cars or send humans into space. But for Twitter employees, the risk is high, but what's the reward that comes out of it Andrew? That's what many are asking themselves. So I guess we have to consider the possibility that despite all appearances Musk does, in fact, know what he's doing. Let's move along to corriere Della Serra, the Italian government is approving the 2023 budget bill. Indeed, so the right-wing government of Georgia meloni worked late into the night to approve its first budget and it's a package focusing on taming of course Italians massive energy bills and cutting taxes for payroll workers and the self employed. Now the 2023 budget bill was approved around half past midnight and it now needs to be green lighted before the end of the year by MPs. I under the measures total almost €35 billion in all and Rome plans to fund around 60% of it by ramping up budget deficit to four and a half percent next year. Other funding sources include a rise in a windfall tax on energy companies, whereas with regards to the citizen's wage, the answer says it's known. It was a scheme for jobless Italians and this is going to be tightened and eventually scrapped within a year because it was widely seen as actually discouraging people from actively seeking jobs, if you wish. One of the most contentious measures in the budget bill is an Amnesty on tax arrays of up to a €1000 predating 2016. They're known as condoning these measures, amnesties, if you wish. And not uncommon in Italy, but of course many see them as encouraging tax, dodging in the country. Now, Andrew, a flat tax will be introduced for the self employed, raising the threshold to €85,000. But a controversial measure known as the marriage bonus is not featuring after all in the budget package. It had been mooted by the conservative lega and originally aimed to give couples who married in church a €200 bonus. Of course, opposition politicians were quick to point out Italy as a secular state. So the LEGO then conceded to amend the proposed bill to include all weddings for couples earning less than 23 grand, but melonis government scrapped that. And by the way, the prime minister herself is living with a gentleman Andrea jam Bruno, but not married to him and have a child together. Scandalous. Another story I know you wanted to point out was it's being reported by the BBC this is looking at the potential psychiatric benefits of ice cream. There we go. Well, I was drawn to this article initially because of the colorful ice cream truck that was illustrating the report Andrew. It's all pastel pinks and aquamarine and the truck on the sides of it. They're printed all sorts of eye catching slogans like grief wallops, mini milks, choc ices, plus existential despair. It's basically the story of London artist Annie Nicholson, who lost all of her closest family members in a tragic helicopter crash 11 years ago, where you could imagine the shock and devastation that that caused, but eventually she decided she wanted to help other people affected by grief and loss via the comforting sumptuous sweetness of ice cream. So the idea of a van of an ice cream van came to her during the pandemic, she called this candy colored van, the Fandango whip, Fandango was her family nickname.
"tesla spacex" Discussed on Bloomberg Radio New York
"Is Bloomberg radio. Now, a global news update. Fact in police and city officials announcing an arrest Saturday in connection with a series of killings that has gripped that California city and national headlines. Chris karashi has more. 6 people have been gunned down in the deadly string 5 in Stockton and won an Oakland stretching back to 2021 all are tied to a single weapon. Police said earlier this month, that person is now in custody identified as 43 year old Wesley brownlee a resident of the city he was arrested around 2 a.m. authorities said at a news conference at Stockton police department headquarters Saturday afternoon, police remain unclear about why the victims were targeted, none were robbed or beaten and the killings all took place within a few square miles of each other. I'm Chris grazio. An off duty city corrections officer in New York City has a close call after he's grazed by a stray bullet while driving in Queens. David folk Thomas has more. It happened around 11 a.m. Saturday on the cross island Parkway. The New York Post reports the 40 year old officer was in his private vehicle and heading southbound near the Long Island expressway when he was struck. The man declined to medical attention at the scene, the NYPD is investigating the incident. President Biden says he thought the testimony in recent footage released from the January 6th committee was devastating. He told reporters while in R again, he has been going out of his way to not comment than ever before seen footage from the 2021 capitol riot showed House speaker Nancy Pelosi and Senate majority leader Chuck Schumer, making urgent phone calls for help as rioters breached the capitol. China's 20th Communist Party Congress is set to begin Sunday. Current president Xi Jinping is expected to accept an unprecedented third, 5 year term as China's leader, the move would secure his place as the country's most powerful ruler since founding leader Mao Zedong, the National Congress happens every 5 years and will likely last into the week, as speeches secret meetings and political reshuffling unfold. I'm Brad Siegel. Police are investigating after a Park Avenue jewelry store in Manhattan with robbed overnight. Jonathan o'halloran has more. It happened just before three 30 Saturday morning, police say three men pulled up to the front of the cellini jewelry store at four 30 Park Avenue and shattered the front door. Once inside the perp smashed several jewelry cases grabbing what police believed to be hundreds of thousands of dollars of merchandise. The suspects fled the scene in a great sedan, no arrests have been made. The richest man in the world is now selling perfume, but he is in calling the scent Musk. Trey Thomas has more. Tesla SpaceX and boring company CEO Elon Musk is marketing a perfume called burnt hair, Moscow announced on Tuesday that it's available on his tunnel drilling companies website for $100 a bottle, and by Wednesday, cells reportedly taught the $1 million. Musk has updated his Twitter bio to include perfume salesmen, and he tweeted with a name like mine getting into the fragrance business was inevitable. I'm Trey Thomas. Alaska is canceling the upcoming winter snow crab season in the Bering sea for the first time and putting king crabs in Bristol bay off limits for the second year in a row. The prohibitions the Alaska department of fish and game announced this week are because of a sharp drop in the estimated crab population. The number of juvenile snow crabs was at record highs just a few years ago, but about 90% of snow crabs, mysteriously disappeared ahead of last season. London born actress Angela Lansbury, getting the royal treatment on the great white way Saturday night. The Marquis lights on Broadway dimmed for a minute at exactly 7 45 p.m. in honor of Lansbury. The iconic star of theater and film passed away Tuesday. At the age of 96, Lansbury's Broadway stints include maim, gypsy, Sweeney Todd, and the king and I. I'm
"tesla spacex" Discussed on Bloomberg Radio New York
"Of former president Trump's Mar-a-Lago estate. The DoJ is also looking to throw out Trump's legal challenge entirely. Georgia's two major Senate candidates met, possibly for the only time on the debate stage Friday night, John Clark has more. In a much anticipated debate, Georgia U.S. Senate candidates Herschel Walker and Raphael Warnock finally met face to face in Savannah. There was speculation as to whether walker would appear following allegations he paid for an abortion for a former girlfriend despite a strong anti abortion stance. I believe in life. And I tell people this, Georgia is a state that respects life and I'll be a center that protects life. A second debate is scheduled in Atlanta Sunday Night, walker has not yet confirmed his participation. I'm John Clark, the 15 year old suspect accused of carrying out a mass shooting that left 5 people dead in Raleigh, North Carolina Thursday, will be charged as an adult. Wait county district attorney, Lauren Freeman, said petitions have been filed by her office to transfer the case to superior court. The U.S. and its allies are putting a cap on the price of Russian oil. Putin's decision to wage war in Ukraine has sharply elevated energy prices. So said treasury secretary Janet Yellen at the annual IMF meeting. She called it an innovative policy to cut president Putin's revenue and respond to his decision to continue Russia's invasion of Ukraine. A beta version of the student loan forgiveness application is now available online. On Friday, the Biden administration launched a beta version of the application on the student aid dot gov website, which looks the same as the preview shown by The White House earlier this week. Those who submit their information using the beta version will have their information processed and will not have to resubmit. I'm Brian shook. Hearing aids will be sold over the counter starting on Monday without a fitting from a doctor. It's seen as a positive move from those in the audiology industry. Jackie Clark at the University of Texas says consumers still need to do their homework, but wider availability will benefit many suffering from hearing loss. A big deal has just been announced in the supermarket business, Rory O'Neill reports Kroger and Albertsons are merging to create a national supermarket chain operating in 48 states. The $24 billion deal emerges Ohio based Kroger and Idaho based Albertsons, creating a company with nearly 5000 stores and more than 700,000 employees. Kroger says it will invest more than a $1 billion upgrading albertson stores and spend another billion on increased pay and improved benefits for employees. I'm Rory O'Neill. A pretty good golfer in Arkansas is suing after a country club refused to give him the really good prize it promised Michael kasner reports morals and country club east of Little Rock posted on Facebook hole in one on number ten gets you the keys to the F one 50 thanks to J Hodge Ford of moralton. Well, after Austin clay get paid the $375 entry fee and scored a hole in one on the tenth hole last Saturday, he expected to drive home in his new truck, but the country club and the car dealership are refusing to hand over the keys so Claudia is suing them both in a Facebook post last month, the country club set the dealership as giving us a truck to give away. The dealership now says the truck at the golf course was for display only in the country club promoted it as a prize without the Ford dealers consent. I'm Michael kassner. The richest man in the world is now selling perfume, but he isn't calling the scent Musk, Tesla, SpaceX and boring company CEO Elon Musk is marketing a perfume called burnt hair. Mosque announced on Tuesday that it's available on his tunnel drilling company's website for a $100. I'm Brian shook. Now this Bloomberg sports update, the Cleveland guardians, even their best of 5 playoff series with the Yankees winning four to two in ten innings at Yankee Stadium, the Yankees took an early two zero lead on the first inning home run by John Carlos Stanton, but a pair of ex mets helped the guardians tie it as Andre Jimenez delivered an RBI single in the fourth, and Ahmed Rosario Homer to deep center in the 5th. The guardians went ahead in the tenth on a bloop single by Oscar Gonzalez, which followed another bloop single by José Ramírez, who advanced to third on an error. Josh naylor then doubled home Gonzalez. Jameson tie on takes the loss for the Yankees, Emmanuel class a wins and relief for the guardians, gained three tonight at 7 30 from Cleveland with Luis severino opposed by Tristan Mackenzie. The Phillies beat the braves 9 to one to grab a two games to one lead and their national league divisional series, and in the 7th inning in San Diego, the ponder is holding on to a two to one lead over the Dodgers. That series tied at a game of peace. Hall of Fame pitcher, Bruce Sutter, has died, he was 69 years old, suitor spent time with the Chicago Cubs on the Saint Louis Cardinals, suitor won a World Series with St. Louis and was a pioneer of developing the split fingered fastball. Suitor became a baseball Hall of Fame member in 2006. In the National Hockey League, the rangers fall for the first time this season, four to one to the Winnipeg jets, dryden hunt the long ranger gold scorer, Connor hellebuyck engulfed for Winnipeg turning aside 40 of 41 ranger shots to get the victory. In pre season NBA action the final tune ups before the regular season starts next week for both the Knicks and the nets, the next go to three and one in the pre season, beating Washington one O 5 89, and the Brooklyn Nets even their preseason record at two and two with a one 12 to one O two victory over the Minnesota Timberwolves. With a Bloomberg sports update, I'm Tom Rogers
"tesla spacex" Discussed on Bloomberg Radio New York
"Was brought up at the highly anticipated debate between democratic U.S. senator Rafael Warnock and his Republican challenger on Friday with walker denying his support of a complete ban. And I say I'll support the Georgia heartbeat because that's the bill of the people from governor Kim. And I said, that has exceptions in it. Warnock said that the decision should be done in the room between a woman and her doctor. The federal case against one of the sources behind an anti Trump dossier used by the FBI is in the hands of a jury. It's part of special counsel John Durham's ongoing investigation into the origins of the Russia investigation that led the FBI to issue several search warrants involving Trump associates. There are maintains a Russian think tank operative met with a democratic operative and lied to the FBI about the meeting. President Vladimir Putin says 16,000 Russians who were drafted are deployed and fulfilling combat tasks, speaking in Kazakhstan, the Russian leader defended his invasion of Ukraine and said he had no regrets. His comments come following prominent military commentators criticizing the Kremlin for sending unprepared draftees into battle. The race to replace Ohio senator rob Portman is neck and neck. Lisa Taylor has more. Recent polls show less than a one point spread between democratic candidate Tim Ryan and his Republican challenger JD Vance. That's within the margin of error, making the race too close to call next month's Ohio Senate race is being closely watched by Americans because it's one of just a few that will decide which political party controls the U.S. Senate at 2023. Tear gas was the main cause of death in a soccer stadium disaster in Indonesia. That's what a fact finding team concluded after looking at the incident in east Java at the beginning of the month, more than a 130 people died. I'm Brian shook. The White House is rolling out a new program to handle a surge of Venezuelan nationals who are illegally crossing the border. Those who don't qualify are supposed to be deported but congressman Tony Gonzalez says Mexico is only accepting a few. The Texas border Republican says there's a daily cap on how many of these migrants that Mexico will accept. Americans have strong opinions when it comes to modern voting laws. Rory O'Neill has more early voting automatic voter registration and absentee ballots for all are popular concepts for Americans. On the flip side, a Gallup survey finds a majority don't want automatic purging of inactive voters or a limit on drop boxes for absentee ballots. The poll does find that 79% want photo ID requirements when casting a ballot. The new poll comes as midterm elections are less than a month away. I'm Rory O'Neill. The richest man in the world is now selling perfume, but he isn't calling the scent Musk, Trey Thomas explains Tesla SpaceX and boring company CEO Elon Musk is marketing a perfume called burnt hair, mask announced on Tuesday that it's available on his tunnel drilling companies website for $100 a bottle, and by Wednesday, sells reportedly topped a $1 million, Musk has updated his Twitter bio to include perfume salesmen, and he tweeted with a name like mine getting into the fragrance business was inevitable. I'm Trey Thomas and Ohio man is admitting to making a bomb and delivering it in a gift box to a romantic rival. Clayton McCoy pleaded guilty in Baltimore federal court this week, prosecutors say he drove 7 hours to deliver the bomb to the boyfriend of a woman who he developed feelings for online. The victims survived shrapnel injuries, but the blast caused nearly $47,000 in damage to his home. I'm Brian shook. And I'm Charlie pellet. At Bloomberg world headquarters. A losing week for the U.S. stock market, a down Friday after a report showed U.S. year ahead of a romantic rival. Clayton McCoy pleaded guilty in Baltimore federal court this week, prosecutors say he drove 7 hours to deliver the bomb to the boyfriend of a woman who he developed feelings for online. The victims survived shrapnel injuries, but the blast caused nearly $47,000 in damage to his home. I'm Brian shook. And I'm Charlie pellet. At Bloomberg world, headquarters. A losing week for the U.S. stock market, a down Friday after a report showed U.S. year ahead inflation expectations rose for the first time in 7 months. Emily Roland is co chief investment strategist at John Hancock investment management. There's certainly been a lot for markets to digest this week in today as well. And I think inflation dynamics really are front and center inflation, of course, has been sort of enemy number one as far as the backup and race as far as the fed hawkishness. And then it is just not going away. Emily Roland of John Hancock. At the Luthor group, chief investment strategist Jim Paulson says this may be the time to start buying stocks. Bear markets don't generally end under conditions that make a lot of sense. Usually the news is horrifically bad. There's no solution to the problems you face. And then the market starts going up for no reason whatsoever. Jim Paulson of the Luthor group. A survey from the University of Michigan says consumers expect prices will climb 5.1% over the next year up from 4.7% in September. Jo Ann Shu is director of surveys at the University of Michigan. People are still feeling the bite of inflation. Higher income people are now really starting to feel concerns about their asset values and the improvement that we saw before. It has been really tentative. Joanne Shue of the University of Michigan News Corp. is confirming it will explore a combination with Fox corp. Stock's law, S&P down 86 down 2.4% the Dow down 403 down 1.3% NASDAQ down 327 down 3.1%. Global news, 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Charlie pallet. This is Bloomberg
"tesla spacex" Discussed on Bloomberg Radio New York
"Inflation expectations were on the rise. The tech heavy NASDAQ plunged 3% in volatile trading to end the week. The mayor of Raleigh, North Carolina is calling for more action to address gun violence after a deadly mass shooting in her city. Lisa Taylor has more. 5 people were killed, including an off duty police officer, mayor Mary Anne Baldwin said we must stop mindless violence in the country and address gun violence. A 15 year old boy is accused of the shootings, the suspect was arrested and transferred to a hospital in critical condition. A federal judge is allowing those enrolled in the DACA program to renew their two year protections from deportation and keep their work permits that keeps the status quo while a court case plays out. It's a sigh of relief for those known as dreamers who were brought to the country illegally as children. However, new applications won't be approved, claiming a crime may have been committed prosecutors who argued the Parkland Florida school shooter case want an investigation into the allegations made by the lone juror who voted against the death sentence. She alleges she was threatened by another juror. Whatever legal process they have, I think they should use it because I do think it was a miscarriage of justice. Florida governor Ron DeSantis believes this is the perfect example of a death penalty case. He's also concerned this case took nearly 5 years so he's considering reforming the system so it supports crime victims, not just the ones that commit them. The race to replace Ohio senator rob Portman is neck and neck, recent polls show less than a 1% spread between democratic candidate Tim Ryan and his Republican challenger JD Vance. That's within the margin of error making the race too close to call. Next month, Ohio Senate race is being closely watched by Americans because it's one of just a few that will decide which political party controls the U.S. Senate in 2023. I'm Brian shook. Hearing aids will be sold over the counter starting on Monday without a fitting from a doctor. It's seen as a positive move from those in the audiology industry. Jackie Clark at the University of Texas says consumers still need to do their homework, but wider availability will benefit many suffering from hearing loss. A big deal has just been announced in this supermarket business. Rory O'Neill reports Kroger and Albertsons are merging to create a national supermarket chain operating in 48 states. The $24 billion deal emerges Ohio based Kroger and Idaho based Albertsons, creating a company with nearly 5000 stores and more than 700,000 employees. Kroger says it will invest more than a $1 billion upgrading albertson stores and spend another billion on increased pay and improved benefits for employees. I'm Rory O'Neill. A pretty good golfer in Arkansas is suing after a country club refused to give him the really good prize it promised Michael kasner reports moralton country club east of Little Rock posted on Facebook hole in one on number ten gets you the keys to the F one 50 thanks to Jay Hodge Ford of moralton, while after Austin clay get paid the $375 entry fee and scored a hole in one on the tenth hole last Saturday, he expected to drive home in his new truck, but the country club and the car dealership are refusing to hand over the keys so clay gett is suing them both. In the Facebook post last month, the country club set the dealership as giving us a truck to give away. The dealership now says the truck at the golf course was for display only, and the country club promoted it as a prize without the Ford dealers consent. I'm Michael kassner. The richest man in the world is now selling perfume, but he isn't calling the scent Musk, Tesla SpaceX and boring company CEO Elon Musk is marketing a perfume called burnt hair. Mosque announced on Tuesday that it's available on his tunnel drilling company's website for a $100. I'm Brian shook. And I'm Charlie pellet, at Bloomberg world, headquarters. A losing week for the U.S. stock market, a down Friday after a report showed U.S. year ahead inflation expectations rose for the first time in 7 months. Emily Roland is co chief investment strategist at John Hancock investment management. There's certainly been a lot for markets to digest this week in today as well. And I think inflation dynamics really are front and center inflation, of course, has been sort of enemy number one as far as the backup and race as far as the fed hawkishness. And then it is just not going away. Emily Roland of John Hancock. At the Luthor group, chief investment strategist Jim Paulsen says this may be the time to start buying stocks. Bear markets don't generally end under conditions that make a lot of sense. Usually the news is horrifically bad you feel helpless and there's no solution to the problems you face. And then the market starts going up for no reason whatsoever. Jim Paulson of the Luthor group. A survey from the University of Michigan says consumers expect prices will climb 5.1% over the next year up from 4.7% in September. Jo Ann Shu is director of surveys at the University of Michigan. People are still feeling the bite of inflation. Higher income people are now really starting to feel concerns about their asset values and the improvement that we saw before. It has been really tentative. Joanne Shue of the University of Michigan News Corp. is confirming it will explore a combination with Fox corp. Stock's law, S&P down 86 down 2.4% the Dow down 403 1.3% NASDAQ down 327 down 3.1%. Global news, 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Charlie palette. This is Bloomberg. This is Bloomberg best. Bloomberg radio is everywhere. Always accurate and precise. Bloomberg really one of the places that's
"tesla spacex" Discussed on Entrepreneur on FIRE
"That's actually why every income report, which we actually recorded one today, has our tax professional. Mister CPA on fire himself, Ron, give an amazing tax tip. And this one's actually above the inflation reduction act, which impacts all of us as entrepreneurs. So I love that share, Mary, for sure. Give us one unique keyword here. Unique strategy that we can use marketing our business. Creating a resume as an entrepreneur. And I also want to talk a little bit about why it's important to create a personal brand for job seekers, and a saturated marketplace. Because the reality is that as an entrepreneur, so many incredibly talented individuals. And as a job seeker, you know, the job market is incredibly saturated and most industries. And so many of my job seeking clients are competing for sought after positions at some of the world's leading companies. So it's my job to create to help them create a brand and a story that highlights their unique value through their achievements and their impact. So there's a bit of strategy that goes behind this. And it's also my job to maintain that up to date expertise on current human resources processes and systems to give them that leg up in the market. And it also means that their brand needs to be carefully written so that they don't deter themselves from getting past those automated screeners or the applicant tracking systems that many companies have put into place today. And then it also needs to be compelling enough to stand out to a human reader. So for them copying and pasting the job description into the resume just won't cut it. And so another way that a job seeker can differentiate their brand is by creating compelling cover letters and optimized LinkedIn profiles. And again, I've been incredibly blessed to work with a lot of highly successful clients who've gone on to land super high paying jobs at some of the world's leading companies. Google, Amazon, Tesla, SpaceX, Apple Microsoft, meta Pfizer, Johns Hopkins, and so many more.
"tesla spacex" Discussed on Bloomberg Radio New York
"With a Bloomberg business. A recession is inevitable at some point. As to whether there is a recession in the near term, I think that is more likely than not. It certainly isn't, it's not a certainty, but it appears more likely that it is. Often in the news recently, mister Musk of Tesla, SpaceX may be of Twitter, I'm unsure on that. He and conversation today at an incredibly important form. It is a second year of Bloomberg committing to support of the Qatar economic forum, simply put Qatar is different. You hear of Saudi Arabia, maybe the United Arab Emirates and all of the Persian Gulf while the reality is Qatar is front and center, particularly for LNG, which is why we've had conversations there with the leadership of ExxonMobil and Shell as well. Joining us now after his conversation with Elon Musk John Michael Twain, who we know will be back in Qatar when England goes to the World Cup. Jamie Vardy leading the way. What is the likelihood John that Jamie Vardy could get back out of lister and help England not embarrass themselves? I agree with you that. That is the single biggest question of this morning. And my hope is, of course, that he will reemerge, but seeing he's almost as old as you and me. He does face issues in that. And of course, Bloomberg surveillance looks forward, mister Mickelson, to attending the World Cup meetings. I think I could speak for John
"tesla spacex" Discussed on Bloomberg Radio New York
"You so much Well with everything going on in the world I love love when our Bloomberg team draws our attention to innovation going on around the world And I definitely saw that last weekend of Panama some of the unicorn startups in Latin America Now it's Ashley Vance's turn in a story in this week's new upcoming issue of Bloomberg business week out later on this week To me is introducing us to a company that discuss its business with the news media Bloomberg for the first time Yeah I had never heard of it before reading this story The company's called meter It's founded by two brothers and it's got a new way to get workplaces online as well as some noteworthy backers as well Join us now is Ashley Vance features writer for Bloomberg businessweek Ashley's also the author of Elon Musk Tesla SpaceX and the quest for a fantastic future Ashley joins us on the phone from Palo Alto California Joel Weber is the editor of Bloomberg businessweek He's with us in the Bloomberg interactive brokers studio Joel is actually right a couple of brothers such as these could go off in the graduate college early They could go off and they could basically do anything They could go work at a crypto startup or start their own crypto company They choose to solve a problem that many people would say wait a second that's not necessarily the you know for lack of a better term sexy thing to be doing right now That's right Although maybe starting another crypto company wouldn't be the right call right now either Good point What I liked about the story was just when we think about the way the world works there are things that the world seems to maybe have forgotten and have you tried turning off that router You have bad Wi-Fi is one of them And I've done that at home many times I've turned it on to during the pandemic It worked sometimes The other place that that happens is in offices And it makes these brothers interesting is this whole startup is about bringing better Wi-Fi to the office which hey in these times of RTO anything counts right Ashley so where did this idea come from Yeah well these brothers are fascinating I mean to your point anneal and sunil vien sanni are their names and I mean they're kind of throwbacks to me They had this business in college and installing networking equipment at offices and they realized it was just too hard And so they decided to go fix the problem they'll all this new networking hardware and software at themselves but the big idea here is you're a company you move into a new office space You want to set up Internet It's still this kind of archaic process where you have to call about 5 different companies to make that happen And so they want it to be more like setting up your telephone or your water in your office where you essentially just kind of click a button or a button on a website and it appears And so it's one thing to for you and I to have this idea and I like to tell you were dating yourself there actually But they actually have an interesting rolodex and they were able to get some interesting backers Who did they call and who put money behind them Yeah the back is kind of like a who's who but that you can imagine And Silicon Valley you've got the Collison brothers who started stripe Diane Greene who started VA you got turban who runs silver Lake Sam Altman at OpenAI I mean the funny thing about this story is they list of investors is incredibly impressive but this company is operated for about 6 years It almost complete secrecy And so all these people somehow kept this a secret This is the first time the founders ever talked that anyone written a single story about this company called leader It's so interesting actually because these guys you know you could try to solve a problem from Silicon Valley or from Virginia or from New York City But these guys actually moved to Shenzhen because the hardware in this they really wanted to understand the hardware here Talk about what they did in order to really make it so they understood the ins and outs of the business Yeah I thought this was kind of when I started to think they were the real deal They had this previous networking business that they started in college and they took all that money and they just blew on a whim almost to Shenzhen and decided they were going to manufacture their own line of routers and switches and access points but they had to talk their way into it And so they lived in a hostel for 18 months and did manage to talk their way into a factory They would sleep on the factory floor and they had their beds They had no beds even in their hospital It was also of their networking gear And so these were two kids that you know they believed in themselves and then they wanted to know every little piece of how this works And so they funded before they got all these big name backers They funded all of that themselves and lived through it So I get it and I could see and as you report that a lot of companies they've already got a lot of clients out there some larger ones But is there success based on really lining up Massive companies who already have invested so much in their own networks at this point They want to get there but it's obviously a harder sell Traditionally what you do is you're in a building you've bought a ton of equipment probably for the Cisco you probably have people on staff who manage all that stuff You've invested millions of dollars to have the Internet working at your office And so to rip all of that out and bet on a startup is a little bit harder But if you're a company you could be a large company that's moving into a new office that you don't want to go through all that pain again with the idea as you call meter and they set everything up for you and Bill you per month And so I think that's the easier sell right now is startup companies moving to a new spot And once you're in the cloud everything goes great right That was good What else could go wrong here though Ashley I mean you know they've got serious challenges ahead of them which is like the network If your Wi-Fi not working at the office you're going to hear about it if there's some security disaster you're going to hear about that and possibly get egg on your face publicly And so it's a young company They have to prove that their networking gear is as good as they say it is So this is going to be it's going to be a long march that said they reminded me a lot of kind of like a young VMware Just if potentially this huge infrastructure play if they get it right And so it's a big deal Does a company like this Ashley in like I don't want to put the cart too much before the horse but it's got some big name backers and they're looking for an exit here Is this the type of company that IPOs or gets acquired by an established player Like a Cisco Yeah Exactly Yeah this is a concern because Cisco through the years has been a lot of the most acquisitive companies ever And what generally happens is as soon as you're doing well and networking Cisco buys you a Juniper by you and there's a tendency for the technology to languish Of course these founders as they always say you know probably they're not going to do that They're in this for the long haul They're going to be the ones who stick it out There will see if history is our guide Cisco tends to end up with this stuff but these brothers seem quite determined.
"tesla spacex" Discussed on This Week In Google
"Way to help make that business thrive, then more power to them. I'm not sitting here saying he's going to make Twitter better, but I don't know if he could really make it any worse than what it is. He could make it worse. He could turn it into he's not that smart. I disagree with you. He's not he turned to 4chan. Yeah. So what do you get? You get four people in the same room. Yeah. So I think there are a few things. One, I think that to his credit, one of the things that he has shown that he can do really, really well, is come up with sort of a big project and get the people together to actually accomplish it. And these are big projects that other people did not think were possible. And that includes a mass market electric vehicle before anyone else was willing to do it. And the whole flying to space thing. And those are huge, massive projects that most people thought were impossible. But those are very different than speech. And what you're dealing with with Twitter is speech and to be more specific about it, society. And the way that people interact with each other. And that is a different kind of problem. It is not a problem of building something. It's not a problem of manufacturing. It's not a problem of figuring out the physics of anything. It is figuring out people. And if there's one thing that he has shown that he is not good at, it is sort of figuring out people and how they interact with each other. Yeah, his tweet says that the way you want to Twitter that's like Elon Musk's Twitter verse, I guess that's okay. It's not something I'd want to but then that's the beauty of Twitter. You don't have to follow Elon Musk. Does he take away the tools to moderate? You can't block anybody because you have to listen to everybody. He wants to do that. I don't think he wants to. But it just becomes absurd. He has no idea what it's ants point of view is when I hear a lot from Elon Musk stands who email us and saying, what did you have somebody under defend Elon? So I'm glad you said that. There are a couple of possibilities. One, you know, one of you then for me lately, Elon has not shown necessarily a good business acumen and a number of things, despite the fact that his stock makes him the richest person. He still working on the stock. By the way, this whole process has tanked his personal fortune by something like $30 billion as the Tesla stock goes down. So was this a good business move? Well, it remains to be seen, but so far. And every carmaker is going to compete with Tesla. Tesla is so it's going to go through the roof, so reasonably high at this point. He's worth more than any other manufacturer of automobiles. The space business has a couple of customers and it also has new and upcoming competitors. I'm going to give them more credit for the space business even in Tesla. SpaceX has really shown that you can do this. And engineering, other people together. But I'm saying that I don't think he's as smart a businessman as he is. And I was thinking about this today with Google. When we get to them, they had the easy life of dealing with information. Mark Zuckerberg and the Twitter founders had the hard life of dealing with human beings. Human beings are tough. In society, human beings as Mike said is what's tough here. And Elon has no idea clearly how to deal with human beings. And let me ask this, and maybe it's Twitter failed in the last 15 years to bring in the smartest people to try to solve this. Have they not? I admittedly, it's a hard problem, but have they not done the best they could to solve these issues over the last 15 years. I mean, obviously, everybody could do better. There are ways to do better. But I had written an article a few weeks ago where I went through and I looked at and this is in part because people were saying I was being unfair to Elon and I was interpreting everything he said in the worst possible light. And so I went through everything that he had said about his plans at the time for Twitter and looked at it and said, in the best possible light, what does this look like? And then I looked at the things that Twitter is already doing and that they're already working on that the current management has set in motion. And almost everything that he said, if you took the sort of best interpretation of it, the sort of most free speech supporting, the most open system, the most transparent, set up at all. Twitter is working towards all of that. But doing it thoughtfully and actually doing it carefully. It doesn't mean they've done it well to date or that the eventual things that they're going to roll out will meet that. But they've taken all of these steps in that direction, but very carefully, because one of the things that they've realized is that these things are really tricky. And if you do it wrong, you can create a much bigger mess than what you have today. So they have these different projects in terms of algorithmic choice, which has been Jack Dorsey's big thing. Like allowing people to choose their own algorithm and allowing third parties to create algorithms. That is not working yet because it's a very difficult problem to solve and you have to do that very carefully and you have to do that in a way that won't be abused and won't make the spam and the scamming problems worse. In terms of freeing stuff up and opening stuff up, Twitter funded blue sky, which is now a separate organization that is trying to build out the sort of social media protocol that Twitter could then use, which is sort of what I think Musk might mean when he says open-sourcing the algorithm. Just purely open-source in the algorithm and putting it on GitHub as he keeps saying, doesn't do what I think he thinks it would do. And also certainly opens up the system much more to the spammers and scammers that he's so upset about. He said yesterday he wants to put it on GitHub, put the algorithm on GitHub, which, yeah, that's not how it works right now. And that's just opening up all sorts of questionable things. Twitter, I think, is trying to be as transparent as open as possible. But they're doing it step by step very carefully because they recognize if they get that wrong. And they open up their systems in a way that leads to a vulnerability in the system or other kind of security floor, or opens it up to spammers and scammers and whoever else. That's not good. And so when you look at the things, if you look at sort of the best possible version of what he's talking about, and then you look at what Twitter.
"tesla spacex" Discussed on Tesla Daily: Tesla News & Analysis
"Look at some of the details behind that, and we'll continue discussing Tesla's earnings report yesterday, some criticism today about the regulatory credits assisting Tesla's beat. So I want to take a look at how Tesla's numbers came in, excluding regulatory credits, then a couple other things from earnings, and we also have news on The Boring Company. All right, so looking at the stock after reporting earnings Tesla today finishing up 3.2%, but kind of a disappointing day considering that in the morning, Tesla was up over 10%. So the closing price today of a $1008, 78 cents. That's a little bit below where Tesla is trading just two days ago before reporting these excellent earnings. So of course on Wednesday before Tesla reported Netflix was dragging things down and then today, even though the NASDAQ started out positive, kind of a straight line down just throughout the day. With Tesla following it on the way down and sometimes that's just how it goes. I know I mentioned this on the live streams, but Tesla right now as listed on Yahoo financing and Google finance is trading at 206 times earnings, but that is using the earnings before yesterday's report. Once that gets updated to the $7 and 37 cents, that Tesla's at now for the last 12 months for gap earnings per share. That price to earnings ratio, that's going to drop from 206 X to 137 X. The multiple compression continues and every quarter we go, that's going to keep happening, and that continues to raise the floor on where Tesla could reasonably trade, which is kind of funny because then you see these analysts with their low price targets and the three or $400 range, raising them every quarter by 15, 20%, just like we talked about expecting to happen 6 months ago or so. Anyway, we'll talk a little bit more about that stuff in a second, but I want to start off here with the X holdings news. This is actually a triumvirate of companies that Elon has started X holdings one, X wings two and X holdings three. And these were disclosed today in an updated 13 D filing with the SEC from Elon Musk in relation to his investment in Twitter. So I've just right off the bat here, even though there has been discussion around some so called company X and maybe that could be used to merge to some extent, Tesla SpaceX, nearly born company. There doesn't appear to be any connection to that here. I do still think it's going to be relevant for us to discuss in terms of Tesla because this does involve the bid for Twitter and the bid for Twitter involves Elon's capital. And of course, Elon's capital involves his stake in Tesla, so we need to understand what's going on with this. So we'll take a quick look at this 13 defiling. Remember 13 D filings are used to update on active investor activity. We know that previously Elon had submitted an offer to Twitter's board to buy Twitter for $54, 20 cents per share. As we talked about Twitter then adopted the shareholder rights plan, which basically created a poison pill, which would dilute the equity and Twitter significantly. If any investor acquired more than 15% of outstanding shares, Elon is at around 9%. So clearly the board trying to prevent Elon from acquiring Twitter and that was kind of the last we had heard about it until this filing, which notes that Twitter has not yet responded to the previous proposal, given the lack of response by Twitter, Elon is exploring whether to commence a tender offer to acquire all the outstanding shares of common stock..
"tesla spacex" Discussed on Business Wars
"From wondering this is episode three of Tesla versus Detroit for business wars. A quick note about recreations you've been hearing in most cases, we can't know exactly what was said. Those scenes are dramatizations, but they're based on historical research. Among our sources were power play by Tim Higgins, and Elon Musk, Tesla, SpaceX, and the quest for a fantastic future by Ashley Vance. I'm your host David Brown, Peter gilstrap wrote this story. Voice acting by Steven fu and Michelle philippi. Karen Lowe is our senior producer and editor, edited and produced by Emily frost, sound designed by Kyle Randall. Our producer is Dave Schilling. Our executive producers are Jenny Lauer beckman and Marshall Louis created by hernan Lopez for wondering..
"tesla spacex" Discussed on Techmeme Ride Home
"This is not a threat. It's simply not a good investment without the changes that need to be made. And those changes won't happen without taking the company private. Back to Bloomberg, quote, the $54 20 cents per share offer is quote too low for shareholders or the board to accept, said vital knowledge is Adam Christopher Lee in a report adding that the company's shares hit $70 a share less than a year ago. Although Musk is the world's richest person, how he will find $53 billion in cash has yet to be revealed, quote, this becomes a hostile takeover offer which is going to cost a serious amount of cash, said Neil campling head of TMT research at mirabad equity research. He will have to sell a decent piece of Tesla stock to fund it or a massive loan against it. There will be a host of questions around financing. Regulatory, bouncing Musk's time, Tesla, SpaceX in the coming days, said Dan Ives analyst at Webb bush. But ultimately, based on this filing, it is a now or never bid for Twitter to accept. Yeah, that's the thing. Never forget that billionaires like Musk, sure, they're billionaires. Sure, they've sold some of the stock that makes them billionaires to be somewhat liquid to do things like buy yachts and stuff like that. But most of Elon's wealth is still in the form of Tesla and other stock. He'd have to sell a large portion of that to raise this amount of cash. Although there are hints that private equity firms might be circling to help him do that. If that's what he wants to do, I was talking to ranjan Roy about this on Twitter this morning. And you know, Ron John is from Wall Street. He's on CNBC all the time, so he knows more about this than I do, and he said to me, quote, would love to see any big reputable firm put their name on this and already laughing that Morgan Stanley got listed as the adviser end quote. Here are some other Wall Street types Ben Carlson on Twitter quote. Here's where I am right now. 12% chance he actually buys Twitter. 48% chance he's low balling as an excuse to get out of his position. 40% chance things just get weirder from here end quote. Matt Levine, whose newsletter, today will, once again, be a must read for basically everyone, quote. At the risk of taking this too seriously, I will say it's kind of weird for the richest man in the world to say, this is the public square, and I will take it private end quote. And then my favorite hedge fund manager, at least in terms of I trust his opinions on things. Eric Jackson tweeted, quote, Dan Ives says no one would want to come close to Elon's $54 20 cent per share offer. 52 week high for Twitter is $73, 34 cents. Though back when Salesforce was considering buying Twitter in 2016, it traded at around $23 a share. Longtime listeners will know my long-standing biggest nightmare fear. It has something to do with this. U.S. government agencies are warning of new custom tools created by several APT actors that they say are capable of compromising IT equipment used in critical infrastructure. Quoting the record. In an alert released on Wednesday, the Department of Energy, the cybersecurity and infrastructure security agency, the National Security Agency and the Federal Bureau of Investigation, warned critical infrastructure operators of potential attacks targeting multiple industrial control systems or ICS and supervisory control and data acquisition devices. The alert said the tools used in the attacks were designed specifically for Schneider electric programmable logic controllers, PLCs. Also, omron sysma, NEX PLCs, and open platform communications unified architecture servers..
"tesla spacex" Discussed on Business Wars
"It's early 2013, Ed GM's design center in Detroit. Mary Barra is General Motors executive vice president of global product development, charged with developing GM's EV efforts. She looks out on a group of her top designers and engineers. Okay, people. We have a tremendous opportunity to dominate the EV market. But we're going to need a lot of brainstorming to get there. GM is recovering from bankruptcy and Barra knows what the company is capable of. She should. She was 18 years old when she started working at GM in 1980, inspecting fenders and hoods. Barra has never worked anywhere else. Here's the breakdown of the current terrain. You've got teslas, Model S, great car, getting great press. It can get 300 miles with a single charge. A designer raises his hand. But it's completely unaffordable to the majority of EV buyers. Most people can't spend $70,000 on any car. Right. Especially in a two car family culture. On the other end of the spectrum, you have the Nissan leaf. It's just under $30,000, but it can only go about 80 miles on a single charge. Talk about range anxiety. Right. That's a customer's biggest issue with any EV. But if we can offer a car with at least a 200 mile range for around $30,000, we could own the market. As you all know, we've been developing the bolt. I want to put that into high gear. When the Chevy Volt came out in 2011, it got good notices, and established GM as a company taking EV seriously. But it didn't sell. Now, the Chevy bolt can utilize the engineering developments of the vote and potentially leap ahead. Here's the main thing. We need the boat to appeal to everybody, not just the green demographic. Meaning nothing too flashy just a solid functional car with good sized interior. Plenty of leg and headroom in the back seats. I like it. Battery life is a concern, of course. Just keep thinking about pushing to 200 miles. The meeting goes on for hours. When it's finished, Barra has solid, aggressive plans to move on GM's concept car in just two years. The same time, another new car hits the market. The Tesla Model X as 2013 begins, Tesla's CFO determines that the Fremont factory can manufacture 4750 cars in the first three months of the year. That would leave the company with a profit of $1. When Musk learns of this, he can accept it. Bottom line is that even a buck profit means he's still in business. His stock sale of 5 million shares brings in enough funding to keep the lights on, and the Model S assembly lines rolling. Meanwhile, Tesla's sales guru George blankenship has opened up 32 high concept stores around the world with dozens more on deck. He pushes his team into overdrive, assuring the order to delivery pipeline hums along at top speed. The result is remarkable. In April, buoyed by great press word of mouth and Musk's tweets and showmanship, Model S sales soar to $329 million. The CFO's prediction of a $1 profit actually balloons into 11 $1 million. It's the first quarter in the company's decade long history. It's ever turned a profit. It's 2013 at GM headquarters in Detroit. General Motors CEO Dan ackerson is sitting with a GM board member. Ackerson slaps a magazine down on a table and pushes it toward the board member. Have you seen this? Consumer report says the Tesla Model S is so revolutionary and advanced. It's like a car from a different planet. And yes, I'm quoting. Yeah, planet Silicon Valley. And that's a world away from Detroit. The magazine gives the Model S a score of 99 out of a hundred. That's the highest rating they've ever given anyone. They say it's the best car they've ever tested. EV or otherwise. Tesla's really getting their game together. The endorsement from consumer reports is tremendous. It's a not for profit publication that acts as an advocate for the consumer. It even buys its own test cars. The review shocks everyone in Detroit. When motor trend voted the Model S car of the year a few months ago, we figured that just matters to car freaks. This is different. Consumer reports matters to everybody. Yeah, and now Tesla is building charging stations from California to New York. They say they're going to make the power free for Tesla owners. The car is expensive, but this sure making it seem damn viable. But Musk is a risk taker. He's addicted to it, and he's come close to destruction before. It can happen again. Rather than trying to crush the competition. GM's move. Is to wait for Tesla to implode. Tesla is riding high. The effusive press reviews, the profits, the overall embrace of the Model S, even at a $109,000 a pop. It's all Musk has envisioned. GM CEO Dan akerson knows a threat when he sees one. He's a former naval officer with a background as an electrical engineer and finance expert. Just the man for serious recon. Ackerson is curious as hell about what makes Tesla tick. And he's going to make it his personal business. To find out. If you like our show, please give us a 5 star rating and a review and be sure to tell your Friends. The next episode will be out in a week, but you can listen to it right now, ad free by joining wondery plus. In the wondery app. You can follow this show on Amazon music, Apple podcasts, and the wondery app, or wherever you're listening right now. In the episode notes you'll find some links and offers from our sponsors. Please support them. Another way you can support the show is by filling out a survey at 1° dot com slash survey. From wondery, this is episode two of Tesla versus Detroit for business wars. A quick note about recreations you've been hearing, in most cases, we can't know exactly what was said, those scenes are dramatizations, but they're based on historical research. If you'd like to read more about Tesla, we recommend power play by Tim Higgins and Elon Musk, Tesla, SpaceX, and the quest for a fantastic future by Ashley Vance. I'm your host David Brown, Peter gilstrap wrote this story. Voice acting by Stephen foo and Michelle phillippe, Karen Lowe is our senior producer and editor, edited and produced by Emily frost, sound designed by Kyle Randall, our producer is Dave Schilling. Our executive producers are Jenny Lauer beckman and Marshall Louis created by hernan Lopez for wondering. Laundry..
"tesla spacex" Discussed on Invest Like the Best
"Market starts at zero and then a movement gathers and the movement accelerates and the market emerges from the movement it emerges as a result of the movement capturing the conventional wisdom in the inflections power breakthrough that creates a movement. The causes a change in the way people think and act the future as you survey. Today's landscape a lot has changed about the world. The last eighteen twenty four months. What are the inflections that you are most closely paying attention to today. I'm paying a lot of attention to crypto. I'm paying a lot of attention to synthetic biology or a. I applied to life. Extension always bugged me as a term carbon capture things that change the future for humanity in a meaningful way are the main things that i'm looking at. There's a lot of things that are interesting to me too about. Just the commoditisation of ai. Software so normal start. Ups are going to have access to a ai capabilities that would have been unthinkable even five years ago. So i think that's interesting you that sort of the same story as the access that they've had to network in computer infrastructure by the cloud. Is it effectively the same story again. That higher out that function and therefore move faster. I think that but i think also when i really think of a i what is it doing. Is impacting business fields. Where the cost of predictions are high and the people who make predictions are expensive. What i like to say as it most inflections. Take something that usually in the past was scarce and expensive and they turn it into something cheap abundant to me. The implication of a i is that it allows what was formerly difficult and expensive predictions to be made well enough at commodity prices and distribution. It seems like early in your life. Your experience with hp thirty five calculator set the tone for your view on things like leverage and abundance and technology. Can you just describe that little episode in early in your life and how relevant remains today yet. It's funny how just sometimes you know. You're just born at a certain time. But like when i was in first grade i wanted. Hp calculator fact. I have it in my officer. I couldn't get one at the time it's too expensive. So the cost of hp calculator backed ede's dollars be like three thousand dollars. Best probably not very practical for first grade especially. My parents didn't have much money. they said. Hey you know before you get a calculator you heller your time stables division long division and no not just with mainers decimals to and i just kept learning. This stuff will eventually in the third grade calculators. Were already a lot less expensive. You could go radio shack get one and so we went to radio shack and got two of them one for me. Wanted to take apart. And so my dad and i took it apart and he got a bunch of wires and soldering irons. And he would explain to me okay. This is a light-emitting diode and that's what this does. This is the cpu. That's the brain. This is the keyboard now it works and then we would take wires and solder all the pieces together. We bought us on off switch radio shack and soldered it to the piece of plywood and then did wires. The starting switch to the calculator disconnected the power switch on the real calculator so we just did stuff like that. And i just got really interested in i. It was calculators that personal computers came out and my dad was part of the original efforts with ibm pc. I got to use one of the early versions before. It was commercially out so he just kind of grew up as a child at the pc revolution and it started out as a hobby. Is see the other thing. I think that matters about startups in today's world. Is i think that we're shifting. From mass production mass distribution and electricity animating the economy to mass computation mass activity out and code. M the comedy startups for me. Went from something interesting. But kind of on the fringe of business analysis on the startups that matter in the world and the companies that matter in the world do it this way where the companies have uber excited about today. Amazon tesla spacex. These are companies most of which got formed after the internet revolution. I think we'll continue to see scalable. Startups be the driving and defining force in the economy. Going forward does that then. As a knock on effect mean that venture capital which has been. I think it was your term. A cottage industry for a lot of its history will no longer be that going forward and and we'll look much more like let's say. Wall street looks as the finance mechanism. Behind the corporation. Behind the mass production mass distribution that needed wall street in big dollar amounts does vc than become that in the future and drastically change from always. Today i think so in a kind depends on how you define these right but like i would say that the amount of money that i believe will go into private tech startups before they go. Public exit is gonna explode. And why do i believe that. Well if you believe the thesis that i just outlined you'd say let's say the stock market is worth thirty trillion or so right out. I don't know precisely right. Writing gets in the ballpark. Let's say ten years from now. You think it's going to be worth sixty trillion or more. Where is that value come from. I think increasingly. It's going to be big tech incumbents and future tech startups. As if you believe that if you're an investor you wanna be in these private startups you wanna be funding airbnb when it's worth a billion dollars or or slack or any of these companies and much money is invested. The stock market is like thirty trillion dollars as much venture capital being raised right now..
"tesla spacex" Discussed on Business Casual
"Product or even just developing a new idea. So today we're sharing an episode exploring the question of how to think about running businesses with mental models from one of the greatest business people in history elon. Musk if that sounds like your jam. Keep listening for to mental models that elon. Musk uses to run his businesses. And how you can use them to welcome back to founders journal my personal audio diary where i give you the business builder the tools you need to think better in order to build better whether that's building business a team or new product. Let's hop into it so as you may or may not know last week was ilan mosques. Fiftieth birthday and in celebration of that. I took time to go down the rabbit hole to better understand how the edison about our generation thinks. So i'm not going to give the elon. musk biography. We've all heard of him. He's an eccentric entrepreneur. Who's worth a hundred sixty billion dollars. C- of tesla spacex founder of neuro link boring company former. Ceo pay pal and while these are accurate ways to describe yuan. I believe that for us to learn from one of the greatest entrepreneurs of our time. The edison of our era. We need to study how he thinks versus study the products of his thinking. If that makes sense so in honor of ilan's fiftieth birthday today. I'm talking about the mind of elon. Musk and specifically. I'm going to break down two of the most important lenses through which ilan looks at the world. The first lens is something. I call some product thinking some product thinking is a mindset of collaborative societal progress over individual success. It's this idea of abundance over constraints. Let's compare that to zero sum thinking whereas zero sum thinking is a belief that your gain is my loss some product. Thinking is a belief that your gain or my gain. Both of our gains is all of society's gain so let's take that a step further. Some of you may have heard of zero-sum thinking and others may have not then there's one thing beyond zero something which is positive thinking and positive sum thinking is a belief that you winning doesn't mean that i'm losing and vice versa. So zero sum thinking is the idea that when we're competing were competing over a fixed pie. That goes to you or me. Positive sum thinking is about us. Competing actually leads to a larger pie that we each get to participate and have a piece of and so where does some product thinking. Come in here. Well the way. I look at it as some product. Thinking is positive some thinking on steroids. This mindset doesn't just accept a larger pie through competition it doesn't take a passive role. It actively invites competition in order to accelerate the pie. Getting bigger for all of us and that is exactly how elon musk thinks but to understand how. Some product thinking manifests in his work. We need to understand what motivates him. And if you have ever watched an elon. Musk interview or read his biography. By ashley vance. It becomes very clear very quickly..
"tesla spacex" Discussed on Artificial Intelligence (AI Podcast) with Lex Fridman
"Not easy to do And then we implemented it and it's running production with a million users a fifty billion dollar market cap. I mean we're point nine does he. Do you start saying well. Maybe there's something there you know. And they say no. There's nothing there and it's not secure. It can't be securities okay. Then why do you believe what you believe. And they never come back to me with an answer. Ever why believe. God didn't go through peer review process when you were the ten commandments. So sometimes it works out sometimes not The gas on that same thread tesla spacex your mosque currently investing big coin but are openly looking to explore other cryptocurrency investments. What case would you make for donna. Well if they truly care about alternative energy and sustainability in carbon reduction or carbon neutrality. You you can't be a system where there is no built in mechanism to constrain the energy consumption. You know with proof of stake. Energy consumption is a negative. It's you wanna minimize it if you can get the same amount of stuff done on a raspberry pies. You can't a big server. You're going to do it on the pie. Because ultimately that server costs energy costs is coming out of your budget with proof of work any innovation. You come up with to optimize power. You just build more essex. 'cause you know you saw thirty percent more power efficient great. I thirty percent more. You keep you keep you keep you keep adding to the worst because you want more hash power or hash. Par were share of the pie. So you have no energy savings component. I know these people are saying well. There's a lot of wasted energy in the grid and this is kind of incentivizing using that wasted energy and a better way of storing it than batteries. Because you're storing it as bitcoin instead of storing as okay. Maybe there's some truth to that but anyway it just. The energy is a critical point. For you. Like the yeah. That's exactly right..
"tesla spacex" Discussed on Tesla Daily: Tesla News & Analysis
"Everybody rob now. We're here to kick off tussles q earnings week. We'll be doing my earnings up tomorrow. Probably live i'm still waiting on the company compiled estimate so i want to have that as a benchmark for us to compare it to you and we've also got plenty of other news to catch up on today so we'll do that and then keep an eye out for the earnings episode. Probably live tomorrow afternoon for today. We'll talk a little bit about the stock. We have quite a bit of news. Also relevant tesla from the us government an updated price target a couple of interesting tweets from ilan. We also have some news on tesla and samsung updated words from sandia monroe on twenty twenty one model threes and a couple other product. Things to look at. So i guess i had a lot to go through. We'll start off here with the stock dessel today. Hit both a new all time high and new all-time high close just barely there at the end. Finishing at eight hundred eighty dollars eighty cents up four percent at compared to the nasdaq up. Zero point six nine percent. We'll keep the extra significant digits this time but as far as all time high at did cross briefly today the nine hundred dollars per share mark which pre split what have been forty five hundred dollars per share much of the attention around tesla's stock over the weekend and for today was focused on nancy pelosi speaker of the house disclosing that she had acquired a half million to one million dollar position. In tesla call options back in december. Technically it wasn't actually nancy pelosi but rather her husband as we can see by the s p indicator for spouse under owner on the disclosure. Paperwork obviously doesn't make too much of a difference but her husband does run a venture capital slash real state slash consulting firm. So it's a little bit less unusual anyway. The trade was for twenty five contracts. Five hundred strike for march of two thousand twenty two that grants the right for the policies to by twenty five hundred shares of tesla for five hundred dollars per share up through march of twenty twenty two and they would pay some premium for that option. Tesla stock is up about thirty seven percent since they would have acquired these contracts and at the midpoint been asked today these would trade at about forty five thousand six hundred dollars per contract so a little over a one point one million dollar position today so certainly they'd be up on the trade if they do still have the position and you find it a little bit odd. That members of congress are households of members of congress can trade stock options. But i suppose that is a separate conversation anyway. The market could react to this as being this as positive in terms of possible legislation of course with the biden administration coming in that's already theme on people's minds but that theme gets more attention with news like this. Speaking of the biden administration. Reuters has reported that a memo seen by reuters on thursday showed biden will unveil a second round of executive orders as soon as january twenty seventh that include an omnibus order to combat climate change domestically and elevate the issue as a national security priority and quote so as soon as january twenty seventh ends up being the date that of course also the date of tesla's coroner's report biden today also announced that the united states intends to move in the direction of electric vehicles for the us government vehicle fleet saying quote. The federal government also owns an enormous fleet vehicles which were going to replace with clean. Electric vehicles made right here. In america by american workers and quote of course the implementation and execution of this remains to be seen. The federal government operates right around six hundred and forty five thousand vehicles and actually have quite a bit of data about this available online. There's a dashboard available. That breaks fleet down by by department looks at fuel costs. Total cost miles driven a lot of data there and of that six hundred and forty five thousand vehicle fleet about two thirds of that is trucks primarily light and medium duty across the entire fleet. It looks like this ben about two billion dollars per year on a combination of maintenance and fuel so definitely some of the for savings thereby introducing electric vehicles. What i'm having trouble figuring out is the budget for new vehicles. I'm not sure how that makes. Its way into their cost breakdowns. Here and i think we need to have a better understanding of that to understand tesla's pacific opportunity in the segment. But regardless i think we can all agree how awesome it would be to see some cyber trucks at least represented in some way in the us government fleet the total opportunity though is probably better for other automakers than it is for tesla i think tussles probably less likely to negotiate a contract with the us government and being that tesla has a premium brand image. I think it would be a more difficult sell for the us to buy a bunch of tussle vehicles versus buying something like a bunch of ford vehicles for example and also expect degree of unionization to play a role in those decisions. Are last quick thing here to wrap up on the stock. We did see a price. Target increased today from baird have increased their tussle price target from four hundred eighty dollars per share now to seven hundred twenty eight dollars per share and it looks like they have maintained outperform rating on the stock. Even though they did have that price target that was about half of the share price today and the seven hundred twenty eight dollar new price target is still you know. Fifteen percent below where we're at the revised price target was as a result of bear to boosting their earnings per share forecast for the next three years for twenty twenty one in terms of vehicle deliveries there now expecting eight hundred and fifty six thousand for twenty twenty to about one point two million and twenty three just under one point six million baird titled this note as a cue for preview and then put dot dot dot and one more thing that one more thing referred to some points that they were making on a sort of company x. holding company for tesla spacex neuralink and at the born company. Of course we've talked about this a lot so nothing really new here but it was interesting to see show up in an analyst note and they did say that quote several data points leave us believing such a structure is inevitable and quote. So it'll be interesting to see how that story line develops this year. Quick note on space x while we're talking about it. They did successfully complete their mission over the weekend and as far as starship esa nine still no test flight there but it looks like it may happen early tomorrow next to you. Let's move over to launch twitter. A couple of interesting tweets over the last few days. So the first year is on autopilot ee. Lan reply to nfs video from homer's catalogue said that quote tesla is steadily moving all networks to eight cameras around video. This won't able superhuman self-driving and quote
Elon Musk Eyeballing Super Company "X"
"So yesterday we're talking about this potential apple car. We're talking about this. Meet up that n- may have taken place in an alternate universe reality dimension but did not take place in this one. This meeting of the minds between each. Musk and tim cook. Apparently musk reached out to tim cook. In the early days in model three talked about potentially having apple acquire tesla for one tenth of the current value. That did not take place. Apple probably does not care and the rumor now is that they'll launch their own electric vehicle in twenty twenty four. That's the rumor currently however in the meantime Yvonne has experimented with a variety of companies not just electric cars. Tesla the most well known of the bunch but he's got a lot of stuff going on including space x the boring company. Sometimes you wear the hat. He says the boring company on it. Yeah not today not today neuralink starlink these still have a solar city or is that as probably solar something going on among a variety of other things. I'm sure that maybe people are less talked about and things that he's working on but Obviously i guess a serial entrepreneur. Maybe you might call it He's interested in a lot of different things and so recently there was a suggestion took place on open. Api is in there. Look at this. It's hard to keep it all together. Anyway there was a suggestion that took place on twitter from tesla investor. Who said who actually has the name by the way. Oh so it's not. The dave lead that we know but nonetheless i propose elon musk to form a holding company. Called axe alcoa's at well. What's the name of your company x. It's it's immediately a futuristic and mysterious. That's what does for you xs mission. This is again part of the tweet and the suggestion xs mission is to ensure human survival and progress. That's the only mission xs x becomes the parent. Company of tesla spacex neuralink born company. Ilan what do you think once again. We have ilan making news with just a quick little reply. Good idea december twenty third. And just like that. What you get forty eight thousand likes on the tweet anyway. So he's open to the idea and You obviously remember the story with not the story but the development with google becoming alphabet and then and then alphabet being the parent company of this variety of companies underneath. So i guess it would be a similar structure similar idea to something like that however. I'm not certain. I'm not sure why this wouldn't have been done all ready. There must be some kind of advantage to having these all Broken out individually. There's a suggestion here that in In the case of starlink they were considering an independent. Ipo for that company on its own. That could be a huge company on. Its own talking about Bringing internet two locations through via satellite that were previously underserviced. So i don't know about the advantages disadvantages but it would. It does seem like a tidy way to bring all of the brands in missions. Were all of the missions in line to but to bring the insight to bring to potentially bring the talent into into more of an overlap. Where now you may have technologies and advancements that take place under one heading bleeding more easily into another so like so there's different wings. We've already heard about this right with. Was it the cyber truck they like. Oh the stealing cyber truck. We learned about and spacex. And and then you could imagine. Oh our ai. Discovery through thomas on tesla. We're using that in when we're working on neuralink and i'm sure this is happening already. But not in a in an official way
Tom Busby, Cnbc and New York discussed on America in the Morning
"The nba and you tv expected to make some kind of announcement today about carrying games and here's a sure sign of a strong us economy the department of transportation says last year americans took a record nine hundred sixty five million airline flights up three and a half percent from a year before while the average price of regular grade gasoline shot up seven cents a gallon over the past two weeks to two dollars sixty six cents industry analyst trilby lundberg said the increase was primarily driven by rising crude oil prices facebook ceo mark zuckerberg has signed ads placed in a number of american and british newspapers saying the social media platform doesn't deserve to be entrusted with personal information if it can't protect it tom could this be another rocky week for facebook while the bad news for facebook over that data mining scandal linked to the trump presidential campaign not even close to being over on wall street last week shares down thirteen percent that means a lost about an eight eighth of its value so investors aren't happy also companies including tesla spacex the speaker maker sonos mazula that's the maker of the fire fox web browser and the german bank commerzbank all pulled their ads off their service or deleted their accounts and it took ceo mark zuckerberg at least three days to respond publicly to that scandal so a lot of people aren't happy about that and the company is facing investigations in britain israel several states including new york massachusetts and maybe oregon and of course in congress so look for a lot more misery for facebook in the week ahead cnbc's tom busby at twenty two after facebook notwithstanding there was a major.