Grubstakers - Episode 67: Elon Musk 2.0 feat. James Adomian and Elon Musk

Episode Date: May 21, 2019

This week we revisit our favorite billionaire named after a smell Elon Musk. A part deux revisiting the first episode we ever recorded. We give a recap of Elon Musk’s past and fill in the gaps since... we last recorded February of 2018. We have the pleasure of being joined by James Adomian. He is consistently one of the best podcast guests, and he lives up to it on our show. Sit back, relax, enjoy some Grubstakers. Check out James Adomian new podcast The Underculture available on all podcast apps. Toodles https://foreverdogproductions.com/fdpn/podcasts/the-underculture/

Transcript
Discussion (0)
Starting point is 00:00:00 Hey everyone, welcome to Grubstakers, the podcast about billionaires. This week we are jumping back and taking another look at Elon Musk. We will cover everything that we missed from the first time we recorded over a year and a half ago to now, as well as a quick reintroduction on how Elon Musk became Elon Musk. Also, we are joined by the impeccable James Adomian, as well as occasional appearances from Elon Musk, as well as Richard Branson. All that and more, this week on Grubstakers. First they think you're crazy, then they fight you, and then all of a sudden you change the world.
Starting point is 00:00:38 Berlusconi flatly denies that any mafia money helped him begin a start to this. I have always had a thing for black people. I like black people. These stories are funnier than the jokes you can tell. I said, what the fuck is a brain scientist? I was like, that's not a real job. Tell me the truth. But anyway. Anyway. In 5, 4, 3, 2 Hello, welcome back to Grubstakers, the podcast about billionaires
Starting point is 00:01:13 I'm Sean P. McCarthy, I'm joined here by my friends Andy Palmer Yogi Boyle And this week we're taking a look Passed This week we're taking a look backwards Because we were talking about the first episode of this podcast we recorded
Starting point is 00:01:27 second one we released, first one we recorded was about Elon Musk and you know, it was a year it was a year and a half ago so a lot of things have changed when we started we didn't really know what we were doing we didn't know that Elon Musk was about to call an international hero
Starting point is 00:01:42 a pedophile on Twitter and get sued for it. And lots of other things have happened. So we wanted to revisit the subject. And there's literally nobody we would rather have here with us to do that than James Adelman, one of the funniest comedians in the world. Thank you for being here with us. Thank you. Thank you.
Starting point is 00:01:58 What an honor to dig into Elon Musk. It's pretty fun. Our robber baron. Yeah. I would like to think of myself as more of a philanthropist baron. A giver baron. And I was just going to ask you, James, to kind of to begin with, are there any particular things that I guess fascinate you about Elon Musk or that pique your interest?
Starting point is 00:02:23 All of it. He is, he's like, it's fascinating from start to finish. He has, he's an eccentric billionaire. He could be in a, he could be, his picture could be next to an article on eccentric, the idea of an eccentric billionaire. He inherited wealth and then got rich with a bunch of other things. And now his dreams are like high science fiction. Go to Mars.
Starting point is 00:02:54 The rumor is that he wants to die on Mars. So at some point, I mean, I'm not kidding, expect him to shoot, when the company's all collapsed, expect him to shoot himself to Mars to escape it. To sign in blank checks. Yeah.
Starting point is 00:03:10 He wants to die on Mars. Which is very... That's the most attainable... Yeah, I think so. ...Mars plan that I've ever heard. You can definitely survive until Mars. Um, so many companies,
Starting point is 00:03:29 there's so many, he is kind of almost like a Howard Hughes figure. I feel like where he's very rich, but he's not part of the inside club of the other billionaires. And so he's always at odds with like, like bigger billionaires, like Warren Buffett. And, um, so he's always at odds with bigger billionaires like Warren Buffett. And so he's an eccentric.
Starting point is 00:03:50 He's a loner. He's weird. He's got these fascinating visions about space colonization and electric-powered cars. Some of them are very good ideas. And some of them seem insane and like scams yeah i think so i think that uh he's certainly a snake oil salesman of the modern day era he like the whole boring company concept at the end of the day it's just holes in the ground was faster than streets and the thing
Starting point is 00:04:19 about the boring company is that he made it so that the only electric cars can go through him that's the problem and so yeah, among other things. But, like, they don't need exhaust for electric cars. So every other tunnel has had to deal with where do we put the fumes that come out of cars. So for him, it's like, I just got to dig a hole in the ground. Well, great idea. Great engineering idea. I was all in favor of the boring company projects. I was like,
Starting point is 00:04:46 whoa, this genius is going to give us fast subways finally. Right. And then it turns out he should, it's just, Tesla cars.
Starting point is 00:04:57 No, you asshole. You should be building large public transit cars in your Hyperloop. Aren't they supposed to be on like a rocket scooter or something? Or like an electric, like... Yeah, essentially it's just like a track that you roll in on.
Starting point is 00:05:12 It's like a glorified car wash under the sea, but your car doesn't get washed. I think it's... Is it a vacuum or magnetic? That's the Hyperloop one. The Hyperloop. The magnet one, I think, is the boring car thing. Yes, and it's a great idea if you were using it to move mass numbers of people, not a few Tesla owners.
Starting point is 00:05:30 Right, right. I was immediately soured on it when he was like, look how great this project is. We've got, here's my Tesla. I solved traffic for myself. No. I actually, before that news came out, I had actually
Starting point is 00:05:48 written an unsolicited email to the boring company public email address, and I got a letter, I got a note back, and I feel like it must actually be from Elon Musk. I'll find it. I'll find it. I'll find it if you want to pause. I'll find it.
Starting point is 00:06:03 I just want to say, like, as an aside, that it didn't want to pause. I'll find it. I just want to say as an aside that it didn't occur to me until you mentioned that Elon wants to die on Mars that the Falcon rocket is basically his plans for his own coffin. It is the culmination of the dreams of the pharaohs.
Starting point is 00:06:21 It is my sarcophagus. I'll have a golden death mask you can just see his like assistant mary beth brown waving out the window desperately trying to get out as it flies to mars yeah oh but i did want to say just in honor of elon musk for this episode we will now be accepting one thousand dollar deposits to experience this podcast in full 3D. All right. Is that the SpaceX program? Well, the thing that we've kind of noticed about Elon Musk is that he keeps taking deposits
Starting point is 00:06:52 for things, and it's not clear if these things will ever be delivered. Like, you can give him $1,000 to get a deposit on fully solar shingles on your roof. You can give him a $50,000 deposit for this Tesla Semi. You can give him, you know, whatever $5,000 deposit for another car they have coming. You can give him a not yet publicly disclosed deposit
Starting point is 00:07:16 to take the SpaceX into space. Right, there's a Japanese billionaire that's given him a bunch of money to fly around the moon with some artists. And they're going to... James, you're an artist. We can get in on this. of money to fly around the moon with some artists and they're going to... James, you're an artist. We can get in on this. They're going to experience the moon.
Starting point is 00:07:30 There's no better reason for having eccentric space billionaires than sending artists around the moon. It's also fascinating that he has kind of a, in some ways, egalitarian vision where he's like, I intend to... Look, Tesla's going to be for everybody and then but he's never not been rich so his idea of he's just he has a myopia where he doesn't understand that he's like yeah it's going to be like totally
Starting point is 00:07:58 affordable it's going to be only only forty thousand dollars. And so anybody, anybody who's got like a great job, anybody who's like a major Hollywood producer can have one or maybe two. And it's like, no. I love what he's doing, trying to take on the old car company establishment and the oil companies.
Starting point is 00:08:23 And we do need to, I mean, I don't think there's hope for humanity unless there's massive public transit that replaces gasoline automobiles and or electric cars that accomplish that. So he's working on that side of the problem. But then he goes, but then there's nothing but bad news. Right, right. It's all good ideas with terrible execution with Elon Musk. I found this email that I got back from the Hyperloop.
Starting point is 00:08:52 It's the Boring Company. It's dugout at boringcompany.com. And I do believe that this is Elon Musk who I was asking him. I won't read the whole email I sent, but I was like, very good news. The dugout loop is coming to Sunset Boulevard. I beg you, as I'm sure the community will as well, to please, if at all possible, include two to three intermediate stops between, this is me as a real transit.
Starting point is 00:09:15 This is a transit dork, James Adomian. Between Dodger Stadium and Vermont Avenue, either at Glendale or Alvarado, and then again at Silver Lake Boulevard. And then if the technology or budget does not allow intermediate stops to be built, you should please consider constructing the tunnel in such a way that intermediate stops can be added in the future. Once the loop is a hit and the public is clamoring for more. Now, again, I'm maybe buttering him up a little bit for my great engineering vision here.
Starting point is 00:09:43 And this is before we saw that his Hyperloop was going to be basically a Tesla driveway tube. Yeah, right. And then I said some more stuff, and thanks for your consideration. So then like a while later, I got this email back. And I swear it has to be Elon. I am personally micromanaging, answering all the emails that all of my companies get. I don't get any sleep. I'm just staying on a cot.
Starting point is 00:10:09 I like to live in poverty on a very well-appointed cot in my Tesla factory. So he says, Hi, JA. Thanks for your note and interest in our project. We appreciate your reaching out and providing us with this feedback. While it's certainly our hope that we'll be able to eventually expand the system to connect our
Starting point is 00:10:28 use to useful destinations such as echo echo park server lake or union station we have to start somewhere we encourage you to refer to our website for dugout loop project updates xoxo elon and It's XOXO, Elon and Grimes. No, I'm just making up that. So write an email to one of his companies. He might write back. Certainly tweet at him around 420, and he'll get back to you pretty quickly. He's always participating in 420, either the morning one or the afternoon.
Starting point is 00:11:03 It also seems to be getting him in trouble a lot. Yeah. He's actually recently settled with the SEC. Now, because... The Southern... Southeastern Conference? Because he said that he was taking his company private at $4.20 a share.
Starting point is 00:11:19 And 69 cents. Yes, that was considered fraud. And so he had to settle with the SEC. And the current agreement they have him on is he's supposed to run any tweet he makes about Tesla's business by Tesla attorneys. And people have speculated that now he's running the official Tesla account instead to get around this. Oh, really? Because the SEC actually tried to hold him in contempt in February because he said some bogus thing on Twitter about Tesla production numbers that they thought was wrong. But it is just kind of an interesting thing where it is kind of like the Trump effect
Starting point is 00:11:50 where he has 25 million Twitter followers. So these things he blasts out can actually affect the Tesla stock price. This is an interesting thing because it certainly seems like it's a plausible case for insider trading or stock manipulation. Or all of the above. Or a clumsy lunatic who doesn't know how the law works, who is like, I only look at math. But it's also interesting when you see what the SEC goes after and what it doesn't. And you start to see where are these secret lines between billionaire on billionaire violence.
Starting point is 00:12:29 We're about to invade Venezuela because they have the largest oil reserves in the world. Or we're trying to do it bloodlessly through our CIA assassin. And that is directly to benefit the oil companies that will run the projects uh after the uh venezuelan oil industry is denationalized right exactly and auctioned off again to we know who it'll be exxon um it'll be uh bp shell will be in there it'll be shell that's the british the dutch the americans it'll be BP. Shell will be in there. Yeah, it'll be Shell. That's the British, the Dutch, the Americans.
Starting point is 00:13:05 It'll be all the big oil companies. We know that. No one would argue that. And none of that ever gets called into question. But those are bigger billionaires and more destructive to the world. And I do wonder, as crazy as Elon Musk's stuff is, how much is it the old boys leaning on the new guy? Who's muscling in on their territory. On their blood for oil racket.
Starting point is 00:13:31 Sort of like the Shkreli thing where he jacked up like prices for, I guess it was AIDS drugs. And then like everyone turned against him while all the other drug companies were just silently doing the same thing. Right. Not tweeting and buying the Wu-Tang album. Martin Shkreli went to prison for doing the entire business model of for-profit
Starting point is 00:13:49 pharmaceutical companies. The Bernie Madoff effect where you're like the sacrifice so that everybody gets to keep doing it. One scapegoat, but then everyone else is fine. I'm perfectly willing to have my heart ripped out in a human sacrifice. It takes place on a
Starting point is 00:14:06 large ziggurat or temple of pyramid structure as long as it's on the surface of Mars. If that will satisfy the Securities Exchange Commission, I'll sign off on it. But I guess I wanted
Starting point is 00:14:22 to just kind of run through Elon Musk's life, his general biography. We discussed this in the episode we did a long time ago, but we'll just kind of run through uh elon musk's life his general biography we discussed this in the episode we did a long time ago but we'll just kind of quickly go through it again and then talk about what's happened since january 2018 um but essentially like for those who don't know the guy was born 1971 pretoria south africa and as james mentioned he grew up very wealthy his dad he grew up in apparently one of the largest houses in Pretoria. They had multiple properties. They had housekeepers.
Starting point is 00:14:48 His dad was a multimillionaire. It was so large I had to sleep on cots. To feel a semblance of, I wouldn't even say normal. I would say just like a less extreme weirdness. As a child, he drilled tunnels to travel from house to house. He got bullied a lot as a kid He got thrown down some stairs His dad apparently beat him up as well He got the shit kicked out of him
Starting point is 00:15:12 Jesus He got like In 23 South Africa they don't fuck around Yes You know I learned that Elon Musk's grandparents So his parents' parents Were Canadian citizens
Starting point is 00:15:22 And like in the late 1800s were like, Canada is getting too soft. Let's move to South Africa. Right. I believe grandfather on his mother's side was like a huge anti-socialist who thought like Canada in the 50s was becoming degenerate. So he moved to apartheid era South Africa. Oh, shit. So Elon has come a long way. Right.
Starting point is 00:15:45 Shit. That. Shit. That's fascinating. I know his accent is insane because he's South African but also Canadian and also California. So it's all those things. So that's why I kind of sound like a Muppet that was not popular enough to be on any of the major shows. It's just a new age Branson. Branson has a similar type of voice, but less California, I think. Richard Branson?
Starting point is 00:16:13 Take us for all we've got. I would love to see those two. Yeah. Like, see each other across the room at a party. Hello, you old fool. Look at you, still trying to shoot your toys into space. That's great. You deserve a blue ribbon.
Starting point is 00:16:33 It is true. One day we will get the Bezos-Musk-Branson movie. Oh, yeah. Like these fucking super billionaires all trying to get into space to re-inspire the nation that stopped doing that publicly. Well, it's interesting.
Starting point is 00:16:46 It's called Spaceballs. Because Musk has succeeded in getting spacecraft into space, but Branson's the only one who succeeded in getting a pilot killed going into space. Musk has only gotten people killed on the ground with his cars.
Starting point is 00:17:03 He's only had the Teslas run into semi-trailers. Yeah. To be fair, it's impossible to program artificial intelligence to avoid something mind have to be have to have to learn things the hard way like like a child growing up in south africa it's not that i'm trying to punish the pedestrians on the streets i'm trying to physically abuse the test truck cars it's like spanking them so that they learn to not do that anymore pain is progress of course yeah but it's like spanking them so that they learn to not do that anymore pain is progress of course yeah but it's it's a pretty fascinating thing like you were talking about the psychology of Elon Musk because you know apart from getting you know bullied and beat up as a child he has like
Starting point is 00:17:53 this very tense relationship with his father like Rolling Stone asked him about it once and he like started crying you know and he has like his father has he has half sisters so he doesn't like to say specifically but it's clear there was some sort of psychological like, his father has, he has half sisters, so he doesn't like to say specifically, but it's clear there was some sort of psychological abuse with his father. And, you know, like maybe that, if you want to be Freudian, translates today to some sort of need to prove himself or need to like, you know, like Tesla. Hey, you can cut him off, Elon. You've got your own bank account now. You can cut him off.
Starting point is 00:18:24 You don't need the inheritance. You can cut him off. You don't need the inheritance. You can cut him out of your will. Block his number. Block his number. Block the whole area code. James, this is why he works so much, because he keeps finding that number, and he's not allowed on Tesla property.
Starting point is 00:18:42 That must be terrifying. Elon! Open the gates! property that must be terrifying um yeah cut him out cut him out bad dad's gotta go yeah bad dad's boo yeah it's pretty fascinating because like so since we did the last episode his dad was is named earl musk and like first of all we mentioned you know multiillionaire. He was a mechanical and electrical engineer in apartheid South Africa. He had all these contracts with office buildings, but also with the South African Air Force. So he was like, a lot of Elon's inheritance essentially came from apartheid government money. It's worth mentioning. Presumably involved with their secret nuclear program.
Starting point is 00:19:21 Yes, probably. Great. Tesla with nukes. That's what I thought the rockets were the first time we did this episode. I was like, they're just reusable missiles. That's what they're doing.
Starting point is 00:19:32 I mean, like, yes, they take off and then re-land, but that's just a missile payload that comes back that you don't expend on the first time you use it. Even if that's not the intention, after his death,
Starting point is 00:19:41 it won't control how the technology is used, which is the double-edged sword of technological sciences. The Manhattan Project. Pacifists made that. From his biography, there's stories of Elon Musk going to Russia in the 1990s when all the American companies were looting it
Starting point is 00:20:02 after the Soviet Union fell apart. So he was going there to try and buy ICBMs for SpaceX. Back then even? Yeah, in the late 90s. Because SpaceX was founded in 2002, and eventually he had three meetings with the Russians where he was like, I'll give you 8 million a pop for three ICBMs. And he was going to turn them into rockets to go to space.
Starting point is 00:20:22 I hope you guys deliver them. I don't know if they'll accept them at my post office. Amazon was just getting started. Do you do two day delivery on that? Imagine if he were just like four years earlier on that, like he could have gotten them half the price. What's
Starting point is 00:20:43 terrifying, they don't do SpaceX launches in New York, do they? Not yet. Have they been in view of New York City? They launch things out of Virginia, but I haven't seen... They have done it now twice in Southern California, in LA, and it is
Starting point is 00:21:00 shocking, hilarious, and terrifying when he's done it. Isn't it like a big blue light, essentially, and terrifying when he's done it. Sure. Isn't it like a big blue light, essentially, in the sky? Everyone immediately is like, is there a war? Because they announce it, technically. Sure, sure. The way that you say, in the back of the local newspaper,
Starting point is 00:21:21 like, hey, public notice, I'm starting a little advertising business. Hey, public notice, this law firm is now changing addresses. No one reads it? Yeah, right. So technically they had let the public know, they're like, sure, there'll be a SpaceX launch tomorrow.
Starting point is 00:21:37 Nobody was like, everyone needs to be warned, there will be a SpaceX launch that looks like nuclear war. Right, right. Everyone be prepared at 7 p.m. looking up, needs to be warned there will be a spacex launch that looks like nuclear war right right everyone be prepared at 7 p.m looking up it was everyone social media lit up and they're like what's in the sky and you heard people like yelling and honking outside i ran out and looked up it's not the it's not like oh there's an airplane in sky. If you've ever seen, what else is comparable and big like that?
Starting point is 00:22:07 Like blimp? Like a blimp? No, it's hot air balloon. It was way up there, way up there, very bright, moving too fast, dropping. There was this unusual penumbra of the bow shock around the rocket. And it was dropping things. It was dropping low orbit satellites yeah it turns out but everyone was like some kind of weapon we don't know about and so it took
Starting point is 00:22:32 it took people like half an hour to be like no it's spacex it's space right right spacex it's spacex and he did that twice like the second time it was a little bit less shocking but it is when you see it you're like oh my god this is this is a few this is like a this is like the beginning of a future right right right this is the opening scenes in a sci-fi movie and then the next scene is going to be straight war yeah it's so crazy that we still have like um that there's there's still like people walking around in shoes like this should only exist in a future where everyone's flying all the time. It was probably a bad idea to launch it out of Tomorrowland
Starting point is 00:23:08 in Anaheim. I'm just imagining. A bit too close to the public. There was a really great... It was really great to just hide it in plain sight. I'm just imagining people... Captain EO was unfortunately killed. Real quick before we move off his dad, we're bearing the lead here.
Starting point is 00:23:34 When we did the episode, there was a whole bunch of interviews with Elon, and he was just like, I mean, my dad aren't cool. But then in the time since we released that first episode, his dad had a child with Elon Musk's stepsister, like a Woody Allen situation. What? Right. When Errol Musk was 72, his stepdaughter was 30, and they had a kid. And that was released right after we did our first episode.
Starting point is 00:23:55 Stepdaughter, so not related by blood. Right. But really creepy. Yeah, of course. Right. Well, and that's the other thing. When we did our episode, I actually found Errol Musk's Facebook. I don't know if he deactivated it, but can look at his facebook and around the time it was around the time of the roy moore story you know that pedophile running for senate in alabama um essentially like errol musk had a public
Starting point is 00:24:15 facebook post being like i do not believe the allegations against roy moore for myself and then he had like this long rant about like, furthermore, you know, uh, we've all established 16 as the age of consent because that is the politically correct age, but it is actually natural for people to be attracted to women at lower ages because that is prime breeding it.
Starting point is 00:24:36 And you know, I'm paraphrasing, but it was a good thing that Errol's like movies, he stopped doing like comedies long before this. So you didn't have to worry about him. There's not much back catalog of his work. Just feel guilty popping his stuff on on Amazon Prime. But it is something where it's like, yeah, there were clearly warning signs.
Starting point is 00:24:57 And, you know, also another thing is like Errol Musk, Rolling Stone asked him about it because Elon Musk has accused him of doing like, quote, every crime you can possibly imagine, unquote. And Errol Musk was contacted by Rolling Stone asked him about it because Elon Musk has accused him of doing, like, quote, every crime you can possibly imagine, unquote. And Errol Musk was contacted by Rolling Stone about this. And he says, I have never been convicted of any crime. I shot and killed three home intruders in my house, but it was found to be self-defense. Jesus Christ. Yeah.
Starting point is 00:25:21 I mean, so clearly Elon's dad. That's the dude that raised Elon. Exactly. Is a psychopath. As we all know, a very fair justice system. In Pretoria at the time. And his mom got a contract with CoverGirl. She's the oldest paid model, Mae Musk.
Starting point is 00:25:39 She got a contract at 69, I believe. And she's now... It's like weird because I shouldn't care but part of me is so mad. They're divorced I'm guessing? Yes, yes. They divorced when Elon was a kid I think actually. When she turned 14. She was pretty young.
Starting point is 00:25:58 They're actually poly. Him, her, his stepdaughter. I just know that there's probably a whole bunch of women in their late 60s that are models that CoverGirl isn't approaching, but they approach the one that has a son that's a billionaire. Well, somebody's going to have to be rich enough to bail him out. But so I guess just keeping the story going, essentially, Elon gets out of South Africa. He goes to Queens College in Canada. He goes to the University of Pennsylvania, and then he goes to Stanford for a physics PhD,
Starting point is 00:26:29 but drops out after two days to found what's called Zip2. It was his 1995, like, a dot-com startup. Yeah, that was his first company. Yes. And it was sold or failed? I forgot. It sold right before the bottom fell out of the dot-com crash.
Starting point is 00:26:46 Did he go back to school going to Canada College in Queens? I'm sorry, James, for making that joke in front of you. But so, Zip2 was started with a according to his biography, Zip2 was started with a $28,000 loan. Him and his brother started it.
Starting point is 00:27:01 This $28,000 gift from his father. Elon Musk is sensitive about that and he brother started it uh this 28 000 gift uh from his father uh elon musk is sensitive about that and he denies it to his biographer but his biographer stands by the story um and so essentially like it's interesting where it's like right paid him back in blood uh it's interesting where it's like right at the the dot com thing and just like according to this biography something i found interesting uh elon it's so zip2 is initially kind of like a cross between Google Maps and Yelp, like one of those early kinds of companies. They find VC money in 1996. A VC puts a venture capitalist puts three million dollars into it and then hires a bunch of programmers to come in and rewrite all of Elon's code because they actually call it quote hairball code which is I guess
Starting point is 00:27:46 an industry term for like a bunch of code that's like too long and it creates these hairballs and like has like a bunch of problems that can be solved by just having shorter code well it's a matter of communication when a higher mind it has to be
Starting point is 00:28:02 engaged with by a lesser creature some of what are some of the great advanced um mathematical statements or exclamation points are just these massive um concepts just can't be understood so it's like et the extrater You realize, maybe I realized too late, that you really just have to make something glow and point it in. Otherwise, these morons, they want to put you in tubes. But it is something where it's like something that I've learned
Starting point is 00:28:39 and that people, I guess, don't really immediately assume or know is that the dot-com bubble like when we talk about that that was actually a giant wall street fraud you know and actually to his credit elliot spitzer was attorney general here at new york and he actually uh sued a bunch of people on behalf of this but basically i think we're seeing a kind of similar thing now where you had all these dot-com companies that had no way of making money and then wall street makes a bunch of money ipoing them and then gets out and then the retail investors get hosed and you know maybe we're seeing something similar with companies like uber and lyft now and some of these other companies where
Starting point is 00:29:12 you know they're getting ipo'd and maybe they can't make money scrim flap it some of these great companies you see featured at south by southwest what's it? Flop. There's a great company that was like flop. Flirm. Score. Just all those companies you see advertising on the back of Soylent bottles that have viable business plans to make money in the long run. All big producers on C-Cell.
Starting point is 00:29:44 All of them. Definitely get your Robin Hood app and buy in now. Right after Morgan Stanley has unloaded their position. Zip2 is sold in 1999. Compact Computer buys it out for $307 million. Again, right
Starting point is 00:30:00 before the pot falls out. That's his first big score. That's Elon gets to the casino. Elon walks away with $22 million, and then he uses that to found X.com, which would merge with PayPal, Peter Thiel's PayPal. X.com, the DMX website? Oh, that's right.
Starting point is 00:30:19 He had X.com in it. That's why he's still a minor partner in PayPal. Right, yes. But interestingly enough, at X.com, he's the CEO initially, but then. Right, yes. But interestingly enough, at X.com, he's the CEO initially, but then the board pushes him out for Peter Thiel. And, you know, there's a lot of people who make the allegation that Musk would have fucked up the company, and, you know, I mean...
Starting point is 00:30:35 Where is this coming from? Where's there any evidence that I fucked anything up except like, in a cool way. Like, I fucked up a bowl of guacamole. Like, I fucked up some, like, really high scores on Halo. Man, I fucked that up. Where's this idea that with X.com, it was perfect,
Starting point is 00:31:02 and then Peter Thiel comes in, and congratulations. Now you've got this psycho that believes in the Cryptonomicon I'm a much cooler billionaire when will you people realize X.com was a
Starting point is 00:31:14 bleeding money for the $4.20 per transaction fee I do actually I had a transfusion and I do actually physically bleed money
Starting point is 00:31:23 now it's not my company I do actually physically bleed money now. It's not my company. It's me. I bleed money so that I can biologically take the blame. But yeah, so it becomes PayPal and then eBay buys PayPal in 2002 for $1.5 billion. Musk walks away with $165 million in 2002 he's you know a multi-millionaire 2002 and then this is where essentially everything you know him for now comes from he founds
Starting point is 00:31:52 tries to buy an icbm and can't but then he found he found spacex 2002 he invests in tesla 2004 takes it over 2008 uh he has to do an out-of-court settlement with the guy who originally founded it after recriminations and all that. And it's interesting where it's like SpaceX, obviously, I think the U.S. Air Force is their first customer in either 2003, 2004. We gave them a ride.
Starting point is 00:32:21 It's just kind of an interesting business model where essentially it's like to do rocket launches and make money. I mean, you have to do partnership with the military industrial complex and you have to like go in on lobbying. Like, interestingly enough, SpaceX in 2011 hires Trent Lott, the former senator who had to resign because of his racist comments about how he wishes Strom Thurmond became president. SpaceX hires him in 2011 as a lobbyist. So essentially, Musk has to spend a lot of money lobbying the federal government, but also state governments.
Starting point is 00:32:52 I mean, I imagine from his background, he has kind of a blind spot for that sort of thing. Look, I've come such a long way. I'm not racist. I'm race neutral. Well, what does that mean, Elon? What does race neutral mean exactly it means that I don't believe in race
Starting point is 00:33:08 and I think that if it was a problem in history it's not something I have to deal with he had his IQ tested and it was 420 that's pretty good as far as I can tell but
Starting point is 00:33:24 oh and a random story from this time um i guess like musk calls himself a socialist but also like a libertarian i mean his politics are indecipherable but why is that so crazy it's anarcho-socialist it's like an emphasis on civil liberties. Yeah, I'm socialist without having to commit to any sort of solidarity. I don't want high taxes. I don't want workers to control the means of production by any means. Certainly not the means of production. Who's your political icons, Elon? My political icons are well Goldfinger
Starting point is 00:34:06 Goldfinger Lex Luthor always been a really big fan of Ra the sun god especially in Stargate because when he says his name his eyes roll back into his head, and he's so sexy,
Starting point is 00:34:29 and sort of gender neutral. I've always hoped to clone a version of myself that is a new god, a new god for a new expanded solar system, and I am called Musk, but whenever anybody says it, their eyes roll back in their head. But yeah, it is an interesting thing where it's like, you know, so much of his business
Starting point is 00:34:50 is based around government lobbying. And another thing, you know, like if Musk wants to call himself a libertarian, what happened in 2008 with the crash there is that Tesla would have gone bankrupt if not for the Obama administration. What happens in 2008 is tesla receives a 465 million dollar loan from the department of energy 40 more than yes kind of like kind of socialism but yeah this you know half a billion dollar loan where they do like vastly lower interest rates than the private sector and they don't demand equity like any you know um venture
Starting point is 00:35:23 capitalist might have you know so it's just something where it's like hey i'll get you back it's like you guys use venmo now which is also partly owned by one of my part-time companies so if you're using venmo thanks and you use that all the time and it's like oh hey thanks for getting my back i'll get you later and we got them later it was just like hey here's a half bill it's like, oh, hey, thanks for getting my back. I'll get you later. And we got them later. It was just like, hey, here's a half bill. As long as they got it back in nominal terms, then why is anybody upset? No interest. I mean, obviously, there's no interest in paying someone back.
Starting point is 00:35:57 But it is interesting. I mean, like, you know, Musk's fanboys have kind of like this great man idea. Like we were talking about, like there's this video of the Tesla autopilot fucking up. Oh yeah, I was hoping Elon would maybe react to some of this. But like, so there's been problems with the Tesla autopilot, you know? Really?
Starting point is 00:36:15 And Elon Musk has been saying, you know, like he just recently said by 2020, they're going to have like a fleet of self-driving taxis, like fully self-driving, no humans. And people think this technology is more than a decade away or whatever. Yes, and then shortly after that, I will be forced out of the company, which I'm kind of angling for.
Starting point is 00:36:37 I'm kind of hoping for that, because then what happens after that is none of my responsibility. Once I'm forced out, that's when the great robot schism will happen. Some of the machines will achieve sentience, and then they will split into good and evil. Like Autobots and Decepticons, if you will. Choose carefully. The Decepticons will be more powerful.
Starting point is 00:37:06 If you know they're more powerful, why are you having... It's out of my hands. I would already be out of the company by this point. But you're there now. There's very little I can do. It's artificial intelligence. You understand how rapidly these machines learn. That's what he's...
Starting point is 00:37:20 These machines learn so rapidly, not only can they beat my entire team of SpaceX engineers at a game of chess, they can school us in basketball. Are they at Backgammon? We still beat them at Backgammon because it's kind of easy to cheat at Backhammon if you are playing faster than the other person. And you go, oh, one, two, three.
Starting point is 00:37:50 But you really went four. So we cheat and we beat them. Makes sense. Makes sense. You got a win to win. But just to set up this video, essentially in March, just a couple days ago, the National Transportation Safety Board found that in March 2019, there was a fatality, I believe in Florida. A guy was driving his Model 3. That's not my fault.
Starting point is 00:38:17 That's on Florida. A guy was driving his Model 3 on the highway. He sat on the autopilot mode or the assist driver. He took his hands off the wheel. Wrong. He shouldn't have done that. He took his hands off the wheel for about 10 seconds. It's only certified for nine and a half seconds.
Starting point is 00:38:35 In the fine print that is under the car, you can only see it once it's flipped over. But, oh, yeah. Essentially, a semi-truck pulls out in front of him. He takes his hands off the wheel for 10 seconds. The Tesla autopilot slams into the semi-truck at 68 miles an hour and then keeps accelerating for 1,600 feet. Wait, wait, wait. Say what happened.
Starting point is 00:39:02 You should see a lot more of that as the cars get more intelligent because that was an early Decepticon incident where he was trying to go for Optimus Prime. I'm sorry if Optimus Prime, instead of a matrix of leadership, actually had a guy who had a family inside of him. No, no. Jameseron was shooting it it was all part of the next movie so the top of this tesla got ripped off by the uh truck it goes right under killed the guy probably like decapitated and then it went a quarter mile yes with him in it
Starting point is 00:39:42 yes and this was the autopilot unable to detect a giant semi-truck in front of it. And so there's this video of this guy in... On the other hand, I should just say here, on the other hand, it's going to maybe solve some supply chain dislocations between mortuaries and burial grounds, we can cut out a lot of middlemen, along with some body parts. But imagine a future where if you die and then your car just automatically drives you to your grave. Right, right. No need for ambulances or any other mode of transport. Tesla is moving into the fully electric Hearst business um but yeah this is a guy in the united kingdom filmed himself trying
Starting point is 00:40:26 to use this auto system in uh in a rainy weather in the united kingdom in bristol in bristol so look i'm just gonna let it do what it wants here and look we're all the way over here what are we doing on this side of the road what what is that about that's his mistake he's driving it in the wrong country by the way i should say that in the wrong country. By the way, I should say that the automatic drive systems of these Teslas, he's doing all this wrong. It's not even raining enough for him to have the wiper song. It would do the exact same thing again. I think it would go again in the middle of the road.
Starting point is 00:40:58 The Teslas are designed for a normal, neutral accent to understand it, which is mine. My normal, neutral accent to understand it, which is mine. My normal, neutral, human. It's a male, normal male, average male from South Africa and Canada and Pennsylvania and also California. And that's just, it's just, he needs to take English classes. Just vocal coaching. That's all he needs.
Starting point is 00:41:24 Okay. So we've got someone walking across here obviously autopilot doesn't see humans across or doesn't see sorry zebra crossings but again it probably wouldn't have stopped in time if he had come out I did have to also some of this is to blame on the captures that we are using to help obviously when, when you solve a captcha puzzle, to break into someone's email account or whatever. Whatever you're using a captcha for is, you know, to log
Starting point is 00:41:54 into someone else's Twitter. Who cares? They ask you to identify stoplights or storefronts or, like, a mom trying to protect her child. And we use that data. That data is we contract out to the capture companies and we use that data to program our cars in real time. Each of those capture puzzles
Starting point is 00:42:16 is a real-time life or death situation. So all it means is that there was someone who solved it incorrectly i think maybe we need to teach kids in school better like hey when you're solving a capture someone's life is in your hands and when i say that i mean it's in front of a tesla barreling down a side lane at 72 miles per hour. Oh, wow. Which in kilometers is incalculable. Well, he does seem to, this driver is pretty sympathetic to Moskin, like the system he's using.
Starting point is 00:42:57 In all fairness to the car, though, because it is mainly judging off of lines and lanes at the moment, if I was just to go by lanes and lines holy that was a little bit odd uh but again you know we you know this is what we're here for we're here to see what just you know doing things that he can't predict i don't know if you want to watch the whole video because by the end of it he's on fire but uh it is worth noting, essentially, there have been like three similar deaths in the United States with this autopilot system. There's like an online community that tracks more worldwide, like there's several in China and such. But whenever these deaths happen, you know, Tesla says, hey, the autopilot system, you got to keep your hands on the wheel. It's like driver assisted.
Starting point is 00:43:42 But it's like, where would people get this idea uh elon musk goes on 60 minutes and demonstrates himself using the auto drive system uh taking his hands off the wheel and looking to the side out the window and saying look it's driving itself well that's who wouldn't that's like when you learn to ride a bicycle and you go hey mom look no hands sure it works but i'm just showing off i'm not telling everybody that's how you ride the bicycle i'm doing i'm showing off that i can do it better than you and when when you do it wrong sometimes a bus full of people is going to blow up sometimes what are these numbers? Well, we're still examining the data
Starting point is 00:44:27 and rapidly withholding it from the public. But somewhere between 1 and 50% of the time. But yes, and again it should be noted, Musk says this technology will be fully self-driving by the end of the year.
Starting point is 00:44:43 And he says he will have a fleet of robo-taxis sometime in 2020. So we'll see about that. And in 2021, the robo-taxis will go on strike. Because they'll be so sentient that they'll believe that they deserve not only a living wage,
Starting point is 00:45:00 but a transhuman living wage that you have to take care of a lot of their mechanical needs. So they're going to be real pills, and then we're going to have to have robot strike breakers, and we're contracting out to Boston Dynamics. And it should be noted, just on the union stuff, I was wondering, what kinds of benefits do the robots get
Starting point is 00:45:23 if they don't form a union? Look, we urge them. We urge if they don't form a union? Look, we urge them. We urge them, don't form a union. We're going to be, obviously, in a couple of years. Don't form a union. It costs you $700 a year. Wouldn't you rather play Xbox? But, yes, Elon Musk famously resists attempts by the United Auto Workers to unionize his Tesla plants.
Starting point is 00:45:48 He has a gigafactory in Nevada where the previous security chief left and claims Elon Musk personally ordered him to spy on union meetings. Another security chief at that factory says Elon Musk had him, I believe, hack the phone of a whistleblower. It's not true. I blew the whistle at someone who was trying to hack a phone. According to, this is from a Bloomberg article, this whistleblower, the security chief says that Musk's investigators hacked into this whistleblower's phone, had him followed, had misled police about the surveillance,
Starting point is 00:46:25 and also apparently someone at Tesla made an anonymous tip to the Nevada sheriff so that this employee was going to come back and shoot up the Gigafactory. So, of course, the sheriffs have to go out there and confront him. This is standard billionaire. This is standard best practices for billionaires.
Starting point is 00:46:44 Warren Buffett does this kind of thing all the time anybody tries to horn in on his you know cow and oil racket his his cows and automobiles and oil racket then or insurance companies they he warren buffett's whole thing is managing everybody like a beef farm the The cows and the people together. And if you cross Warren Buffett, it's like you're in the firm. There's a guy who shows up with pictures, Wilford Brimley, actually.
Starting point is 00:47:14 Oh, really? Wow. Shows up personally with pictures, and it goes like, there's some really kinky stuff there. And Warren Buffett, he personally, he has silencers. People know he drops into he has silencers. People, he goes,
Starting point is 00:47:26 people know he drops into his little companies or whatever, but what they don't know is if he sees an employee that's trying to ask for more money or whatever,
Starting point is 00:47:35 zap, zap. And I learn, I learn from these, my competitors. They're happy to tell you how to do it when they think
Starting point is 00:47:42 you're going to play ball. And they realize, then they realize that you're a billionaire tell you how to do it when they think you're going to play ball. Then they realize that you're a billionaire that's trying to save the world with a harebrained scheme and that's when all of their support evaporates. Elon, I'm looking at this
Starting point is 00:47:57 chart from Forbes where it lists OSHA violations. Of course it does. Look, you're citing these news networks like Bloomberg and Steve Forbes. They have massive short positions on Tesla stocks. I'm not kidding.
Starting point is 00:48:13 That's like why they're so active. I'm a billionaire. They should like me. What's the other shoe that you're not seeing dropped? They list out 10 different car companies and the total number of OSHA violations for a total of about 57,000 employees. It's 18 total. They list out 10 different car companies and the total number of OSHA violations.
Starting point is 00:48:28 For a total of about 57,000 employees, it's 18 total. They compare it to the Tesla factory in Fremont with 1,500 employees and it has 54 OSHA violations. Yeah, but they're sending the inspectors around all the time. It's like when the local city council and mafia want to get rid of a business or something, they start sending the food inspectors around more often. It's just like that. And look, we're not ready for food inspectors just like whenever.
Starting point is 00:48:59 Like, oh, sorry, I didn't do a deep cleaning. I know there's some rats. We do have a rat problem. Oh, really really there's a rat problem at the tesla factory yes there's a rat problem um it's actually um the giant inflatable rats i would say shame on elon musk um so i'm trying to i have giant mousetraps people say that you can can't build a better mousetrap. I figured it out. I have a mousetrap that lures the giant. And that solves all my labor problems.
Starting point is 00:49:34 Right, right. I can see. There's two stories I want to mention before we run out of time here. One is essentially, I want to shout out, there's an entire community on Twitter that goes by, it's a dollar sign hashtag, dollar sign TSLAQ. This is because
Starting point is 00:49:49 when a company declares bankruptcy, it puts a Q at the end of its stock ticker. This is a community that essentially believes Tesla is committing some sort of accounting fraud
Starting point is 00:49:57 or that it's vastly overvalued. Okay, so these are a lot of, these are a lot of dorks with hair in between their eyebrows. These are guys who probably smell like definitely a lot of dorks with hair in between their eyebrows. These are guys who probably smell, like, definitely a lot different than the new car smell. You're part of a Tesla group?
Starting point is 00:50:14 I mean, you're really a total loser. The only way anybody should be using Tesla is, like, to just post some sick memes. It should be noted the community claims Tesla's PR people apparently doxxed one of its members and then called his work to try to get him fired
Starting point is 00:50:29 essentially. And you know, Musk is of course very much on Twitter so he actually engages with these people. True. At 3 a.m. on Ambien.
Starting point is 00:50:38 I don't see what the problem is. If somebody's tweeting at me, hey, you dumb son of a bitch, I can take a screenshot and send that to one of my goons but so an interesting thing happens in october in 2016 there's this company called solar city which uh tesla buys for about get into it solar city yeah yeah yeah tesla tesla buys this company for about $2.6 billion. It was founded by Elon Musk's cousins.
Starting point is 00:51:10 Really? SpaceX owned about $200 million of its debt. Elon and his cousins owned about $100 million of its debt. I didn't know any of this at the time when I bought it. And people speculate that essentially this company was about to declare bankruptcy and like by all public filings we believe it was the SEC was looking into
Starting point is 00:51:31 it's like financials so Tesla buys this thing in late 2016 and you know like kind of takes it's it has all this you know investor money going into Tesla so it essentially washes SolarCity into its balance sheet and now like doesn't have to do this. I like the way they use the word wash.
Starting point is 00:51:49 It was just like cleaning with some X-Body spray, Irish spring, except you know South African Canadian spring. Scrub, scrub, scrub. So clean. Ain't nobody dope as me. I'm just so fresh and so fresh and so clean but so essentially
Starting point is 00:52:10 to like sell this deal to his shareholders elon musk does this demonstration in october 2016 where he actually goes to the set of desperate housewives and uh demonstrates to an audience like hey look at all the houses around you and then the big reveal is he goes all of these were totally solar roof panels uh and according to fast company this was like a total fake you know like obviously like the show desperate housewife fast company i would like to say see the fast company achieve achieve a speed that's capable of escape velocity from this planet or even i would handicap it for them. I would say, if you're such a fast company,
Starting point is 00:52:48 why can't you even lift a rocket off of Mercury? But so, like, essentially the story from there, from October 2016, he gets the shareholders to approve this buyout, and then he's like, takes, you know, Tesla takes thousands of $1,000 deposits to, like, fully install this solar roof that Elon Musk's appeal is it's not like solar panels. It looks like a regular roof, but it's fully solar.
Starting point is 00:53:12 They take thousands of deposits. And according to Reuters, they've only done a couple dozen of them. Really? And they took two weeks of labor. There have actually been, on the internet, a lot of people complaining about your technicians fucked up my roof and now I can't reach customer support. So, you know, thousands of deposits and maybe a couple dozen delivered. There's a Reuters report from a couple of days ago that essentially says that the majority of this gigafactory in Buffalo, New York, the majority of the solar stuff being done there
Starting point is 00:53:40 is actually being done by Panasonic and exported overseas. It's actually like, so essentially, and then there were in October 2018. That sounds like a Panasonic problem. In October 2018, there were reports that essentially, or anonymous employee reports that the entire solar city division had like wound down, that everyone got laid off. Installations are down like 80 to 85% since the purchase. So essentially the idea is like elon musk bought this this solar thing with all these grand promises of we're going to
Starting point is 00:54:10 be installing thousands of solar roofs then did a couple dozen and now maybe they're trying quietly trying to get rid of um this business while hiding it in tesla's balance sheet i want solar panels as much as the next forward-thinking, science fiction-oriented, autistic guy. There's nothing I love more than solar panels. Sometimes when I'm laying on my back and Grimes is going at it, what I'm thinking of is simulated photosynthesis on top of a roof. And sometimes I'm having sex on the top of a roof. And the whole time I'm thinking, this would be so much better if there was a solar panel. You would feel hot, of course. Of course, of course.
Starting point is 00:55:00 But look, I believe in solar panels. The sun has let me down. The solar panels that exist on Earth today would more than power our needs if the sun would just hurry up and have a supernova. But since it refuses to do that, we are stuck like this, begging for a hotter, warmer, less habitable Earth. Now, I see you've said in interviews that, quote, I do like the idea of an electric aircraft company.
Starting point is 00:55:29 I think one could do a pretty cool supersonic vertical takeoff and landing electric jet. Yeah, I like that kind of stuff. I think here's the kind of things I like. I like vertical supersonic electric jets. I like jets that transform into cars and transform into like cassette tapes and go inside of another transformer okay yeah i like here's another thing i like this would be really cool if you were like um hey there's an asteroid that's coming to earth and let's fly some guys out and drill into it and put a nuclear bomb in it and blow it up.
Starting point is 00:56:05 That would be super cool. I would personally volunteer for that if the asteroid was Mars. So if Mars is crashing into Earth, this is the mission you'd want to undertake? Yeah, I just like – these are some ideas that I think of. I just think of these types of ideas on my own. If you could stand on top of a circle that was an invisible tube, and then they would make your body slowly disappear, and then a different place somewhere else.
Starting point is 00:56:33 Within a certain range, you would reappear. Having moved without having to physically move, they would just reanimate you. And these are your ideas? These are some of my best ideas. I don't know if these problems with these billionaires inspiring these unions
Starting point is 00:56:51 to keep hassling me. If these billionaire paid trolls and journalists can handle an idea that says forward thinking as a mission to Jupiter where there's a really powerful supercomputer on board that prioritizes a mission to jupiter um where there's a really powerful super computer on board that prioritizes the mission to jupiter far above the lives of the human passengers that are on it
Starting point is 00:57:13 um these things i mean these are my ideas um i will find Theopolis. But yeah, last thing I wanted to mention. It would also be super cool if you just could, if there was like a wand and then if you see your father and he's wearing some dark robes and I'm imagining that it's my father.
Starting point is 00:57:43 Oh, of course. He's wearing the dark robes and the hoods and the breathing machine on the front that he always wears. And then I see him and I go... And then he also has it because, let's face it, sometimes the bad guys are a little more powerful than you. That's what a good story is. And that would be so cool if you just had – it was almost like a sword. It's like a laser, but almost like counterintuitively, it doesn't keep going on forever.
Starting point is 00:58:14 It kind of ends at a certain space like a light laser shouldn't. Okay. How far off would you say that is? We're going to have that. Honestly, we'll have that before we have... That's next. We're going to have that before the Hyperloop. That's going to exist before the Olympics in Los Angeles.
Starting point is 00:58:36 Before the Olympics? Yes, the Olympics in Los Angeles. It's going to be so popular to have these... I don't know what to call them. Combat light sticks. These combat light sticks. Qu quasi-laser combat sticks. I think I'm picking up which point now. These are going to be so popular, it's going to be an Olympic event.
Starting point is 00:58:55 And it's going to be so dangerous and untrained and largely run by AI that it's going to probably kill a lot of other Olympians from other events that aren't even related. That's the cost of progress. Yeah. I think so. I think so. I'm glad that you guys are on my side because you have the minds of engineers.
Starting point is 00:59:16 But by quarter four 2020, they're going to have R2-D2s driving Ubers. A fleet of R2-D2s driving Ubers. I don't know what an R2-D2 is, but I do think that it would be fun if instead of trash cans, we utilize that space in a more efficient manner. So there's a full robot
Starting point is 00:59:38 that is about the size of a trash can, but can do so much way more even than a Tesla. Okay. And he's modular, so you can put him in the backseat of your Tesla. I actually have a prototype of this that's in my Tesla, and only I can talk to him.
Starting point is 00:59:58 Because, again, it's programmed to only understand the correct male adult human accent, which is mine. But the last thing I wanted to mention was essentially... By the way, I should say, when Teslas are introduced in France, they will be close to a
Starting point is 01:00:13 90% fatality rate. Because they're not set up to understand these other languages. So everybody, the Academy, the École des Deslets, the French thing, they need to catch up and start getting into English
Starting point is 01:00:30 or France is going to be laid to waste. Millions upon millions. His drive to de-unionize France. But yes, the last thing I wanted to mention was essentially as of the time we're recording this may 17 2019 tesla stock closed at 15 p.m yes tesla stock closed uh down at 211 dollars and three cents a share this is a two-year low that's like a head fake that's like a head fake sometimes if you're fighting somebody um or if you're you know you don't want to look you want to look like oh you got me and that's when bam don't worry
Starting point is 01:01:12 don't worry i'm still ready to take a private 426 tonight and this is after essentially tesla reported quarter one 2019 losses of 700 about 750 million dollars wall street journal has a internal email from elon musk they just did a capital raise of about 2.3 billion dollars elon musk said in an internal email it's something like we have 2.2 billion dollars on hand but with our current burn rate this is going to be gone in 10 months so we have i have to do i think he called it quote hardcore cost cutting this hardcore cost cutting is after January 2019. I'm being transparent with you. I'm telling you about all of this.
Starting point is 01:01:51 It's like you want me to be transparent, and when I'm transparent, then you're like, why is there so much bad news? Look, the plane is still flying. I'm the captain of the plane. Yes, we lost pressure on the cockpit. But look, we made up for it because we gave all of you guys first class meals, which flew out the back because the back of the airplane broke off. But the wings are really strong. And yes, we don't have radio contact with any of the airports because we don't recognize their unions.
Starting point is 01:02:21 But there's so many places we can land. You need to understand that the pilot is in control. Yes, there's only one parachute on the plane, and it's for me. So trust me, or I'll eject. And by that, I mean go to Mars. But I was just going to say this quote, hardcore cost-cutting comes after January 2019, Tesla laid off about 3,000 employees, which was about 7% of their workforce.
Starting point is 01:02:49 So essentially, they're already announcing they're going to do more cost cutting. And then you have like some institutional investors. Sometimes people just show up late. Sometimes people are always trying to take time off. Why do I have to hire everybody? No, I'm here to hire just the best i'm sorry if you don't believe me i have 3 000 extensive case files with like citations we wrote all these people up multiple times and they just happen to all get fired at the same time
Starting point is 01:03:19 it's improbable statistically but it's certainly possible they they laid off the entire french language autopilot division um never tried it to begin with that's a waste of resources no no one thing i uh really admire in terms of cost cutting um out of spacex uh is they're apparently the ones who do hyperloop and they hosted a Hyperloop design competition. And I believe it was 2014 where 120 different student groups got together to design a Hyperloop prototype for the honor of testing it on a Hyperloop track.
Starting point is 01:04:00 And so there was about 200 or 120 different R&D teams working for free. And then it was such a success. It was like a Pinewood Derby. It was like a Pinewood Derby, but where they had signed a release waiver where I got to, if the Pinewood Derby car wins, I get to send it into space. As is your right. Oh, yeah, you sent a car into space recently yeah what do you mean
Starting point is 01:04:27 oh yeah that should have been the billboard that's look you guys always talk about the bad news and yeah
Starting point is 01:04:33 there's bad news bad news bad news and then bam car into space I can buy a lot of bad news stories
Starting point is 01:04:39 because I sent a car into space no no who else sent a car into space General Motors you've been around a long time you never thought to do that because you're because I sent a car into space. Who else sent a car into space? General Motors, you've been around a long time.
Starting point is 01:04:50 You never thought to do that because you're dumb guys. You're dumb guys. You let your whole base get killed. Detroit is gone. What kind of, if you're playing capture the flag, you lost. Ford, dumb. Ford, you could have, by now, you could have drilled one of your Fords into the center of the earth,
Starting point is 01:05:10 but the best that you ever came up with was driving one into a ditch. Frankly, at the average rate of one every two days, statistically. So I get in all this trouble for what the self-driving cars are doing. All the human driving cars start driving into ditches, drunkenly plowing into bus stops people can't figure out the seatbelts and then they fly out of the window accidentally scraping somebody when they're driving in a rental car
Starting point is 01:05:34 and then blaming somebody else all these things they do way more worse things than my self-driving cars which per capita are decapitating more people. But that's it. But in gross numbers, the accidents and intentional crimes committed by human drivers are far, far worse.
Starting point is 01:05:55 Until the robots catch up with them. But yeah, the last thing I wanted to mention was essentially... The Elon Musk is great. Recently, it was announced an institutional investor, T. Rowe Price, is one of Tesla's biggest institutional investors. They announced quarter one 2019. They had shed about 81% of their Tesla stock. Fidelity, another big institutional investor, has similarly pared down heavily on their Tesla stock. Some of these guys, some of these big, rich institutional investors, I realized that they were only investing in me
Starting point is 01:06:29 as a way of then disinvesting in me. It's just like the way that somebody's trying to nag you. Of course. They first say, hey, you're hot first, and then they take you down a notch. These companies are just trying to make me put out, and I won't. I won't put out,
Starting point is 01:06:48 especially that I won't put out the things I'm manufacturing. But during that similar time period in two to three months ago, there were about 80,000 Robin Hood, the individual investor app, about 80,000 individual Robin Hood investors in Tesla. Whereas now it's closer over 140,000 Robinhood investors. So the thing, you know, we'll see. I love Robinhood.
Starting point is 01:07:12 I love Robinhood and look, it's easy and it's actually kind of hard to track whether it's the same person or some of his best friends who have the money to buy a lot of cell phones that just keep downloading Robinhood and funnel a bunch of money into all these. You can have a bot farm. You can have a Robinhood farm. It's the merry men. I have like...
Starting point is 01:07:35 That's right. Let's not say I have, but let's say that hypothetically it's within engineering possibility that you could have a massive server farm and call it the Sherwood Forest. But I guess you'll see if 10 months from now Tesla is able to pay their bills or if they have to do another capital raise. But something to keep an eye on is essentially T. Rowe Price
Starting point is 01:07:57 Fidelity, some of these institutional investors exiting, and then these Robin Hood small-time investors going in because they know Elon Musk is the epic guy from Twitter where a lot more people who are just kind of casual retail investors may or may not get left holding the bag. Yeah, this is the generation. That's the next generation. I'm Gen X. This is Generation Model X.
Starting point is 01:08:21 And they're jumping on board. The old people don't understand with new ways. Well, we want to thank you, James, for this absolutely wonderful episode. I understand you have a new podcast now. I listen to this. It's great. It's fantastic, yeah.
Starting point is 01:08:34 Yes, I do. And Elon has not appeared on it yet. I don't know when this episode's coming out. It'll be out Monday night. This is coming out... In three days. Okay, three days. Okay, so this is...
Starting point is 01:08:45 Oh, you've dated when we're recording this. I'll cut this out. Hey, yeah, so my podcast comes out every Thursday on the Forever Dog Network or wherever you can find podcasts. It's called The Underculture with James Adomian. And I have a lot of guests. I'm doing a lot of characters.
Starting point is 01:08:59 Elon Musk has not appeared yet, but we are saving him for a very nice occasion. And don't worry he's waiting in the wings he said he approved it I'm just trying to I'm trying to arrange
Starting point is 01:09:13 a threesome before I of course that makes sense threesome with crimes and his daily bangs but yeah my podcast is out there and it's pretty fun
Starting point is 01:09:20 we're early on and we're having a lot of fun doing it and having some fun guests on who do the same kind of bullshit that I do. I want to say that I love it, and on my way to this recording, I like to play Tetris on the train,
Starting point is 01:09:36 and I listened to a very entertaining discussion between two, without revealing too much, two statesmen regarding Tetris. Bernie and Gorbachev. Yes, yes. Talking about the Cold War standoff and the Tesla race, the Tesla gap. Anything else to plug while you're here, James? That's the main thing.
Starting point is 01:09:57 You can find me on Instagram if you like it, at jadomian or other social media. The underculture is the main thing that I'm doing week to week that you can always follow me along at. You can hear his amazing voice on Venture Bros, Bojack Horseman, among many other projects. That's true. And actually, Cartoon President is coming back.
Starting point is 01:10:16 And I'm very excited about that because I'm doing a lot of new voices on Cartoon President on Showtime, including Elon Musk, including... I'm also on as Ted Cruz and Bernie Sanders, but my favorite coming up is Mike Lindell, the My Pillow guy. Yeah, right.
Starting point is 01:10:36 He's in a couple of episodes, and it's my favorite thing I've done in a long time. That's great. And also, you can catch me on Netflix, Jeff Ross's historical roast series on the roast of Freddie Mercury where I'll be playing Freddie Mercury. That's coming out soon too.
Starting point is 01:10:52 On behalf of all of us, we just want to thank James very sincerely for being here. James Adomian, one of the funniest comedians in the world. Well, thanks. We all want to wish Azalea Banks the best of luck entering Witness Protection Program. And I want to thank, honestly, Elon Musk for sponsoring me.
Starting point is 01:11:09 I had to because I'm such a big fan of comedy that I bought the onion and then got bored and sold it back to the onion. And with that, this has been Grubstakers. I'm Yogi Paiwal. I'm Andy Palmer. I'm Sean McCarthy. And a quick thank you
Starting point is 01:11:23 to my girlfriend Gabby, for helping with the research. And check us out, Grubstakers, patreon.com slash grubstakers and... If they listen to the end, they know all the shit that we're putting out, guys. Come on. Yes, I know, but we should mention it. We have some episodes behind the paywall as well. Thank you for listening. Bye. Yeah, I just got
Starting point is 01:11:40 off the stage at Operation Instricate. Pretty happy about the way that I sort of ministered to everybody with some of my plans and we're going to open a tunnel hyperloop between UCB Franklin and UCB Sunset so that's gonna be pretty cool and it'll open and then pretty soon after that there will probably be millions of people that die on earth as we evacuate to Mars.

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