And I basically said what ah wait a minute

I've accepted everybody's arguments of why we can't do this

But here's this small start-up company in California

And they think that they can get all of these figures you don't want on this stuff, you know

I've identified will not ever

Lead a space Frontier must step down from his role as chairman to settle a government lawsuit

It was announced today the SEC sued Musk on Thursday

accusing him of misleading investors

Stumbling and crashing its way to the bottom of the Nasdaq and charged Elon Musk with fraud. Mr. Musk is gambling with the shareholder

That's maybe just about the test. It's a cold stock, but the business absolutely

Is lousy that people are finally starting to figure it out

the SEC filed securities fraud charges against Elon Musk

April Fool's Day must mix his optimism with dark humor on social media in the midst of

Widespread concerns Tesla might collapse he tweeted this we are sad to report that Tesla has gone completely

Tesla stock voted by Wall Street as the least likely to succeed

Tesla CEO Elon Musk is the subject of a new controversy

But is it about you that

Seems to invite

Skepticism do people get upset at you if you do certain things

This stuff isn't from those sci-fi novels and movies and it's so far away

But every time I hear you speak, it's like well, no this stuff is sitting it's right here. I'm interested in things that

That changed the world or that affect the future and wondrous new technology where you see it and you're like wow

How'd that even happen how how's that possible? I?

Like creating things that have never been seen before or even imagined before we see

The Tesla Roadster this year. Absolutely this year should be coming out in about six seven months

Well, I think it's because we're doing these things that seem unlikely to succeed

He told me that he was waking up in the middle of the night and there would be tears on us in

2008 the rocket company is not going. Well. I had three failures the car company is emerging money and

the American economy has

Tanked in the worst recession since the Great Depression and I'm getting divorced by the way

That was there was definitely at the worst year of my life

Critics say you can't do this. Your answer to them is we're done it how many people predicted?

in 2008

that SpaceX would have done these things by

2018 I think

Zero, it's been 17 years to get to this point for 2002 to now. It will amount of hard work and sacrifice

From a lot of people that it's done at this point

So a fourth failure, the full failure would have been absolutely game over done done

SpaceX

bankrupt

Dog

Really you think this would work, um

Like when I see the rocket liftoff I see like a thousand things that

That not work and it's amazing when they do I'm hopeful that the first people could be taken to Mars in ten to twelve years

I think it's certainly possible for that to occur. The thing that really matters. The long term is to have a self-sustaining city on Mars

Things have been going a lot wrong for a long time at Tesla when it comes to profitability

So it's really not about one quarter

it's about whether or not you're gonna make the leap of faith that Tesla is actually going to make a

Profitable company it out of the stock now

I mean

I think there's nothing but accidents waiting to happen and if we've been fortunate and

These thus far they have succeeded crazy things can come true

You put 90 billion dollars of breaks into into solar and wind. It's a sudden

It's Solyndra and Fisker at Tesla and or one

I mean, I had a friend who said you don't just pick the winners and losers you pick the losers making a car company

successful is

Monumentally difficult. It is absurd a Tesla's life absurd

Excruciating effort

100 hour weeks by everyone by everyone here at Tesla. Yes. Either be a

Multi-planet species and out there among the stars or will be a single planet species until some eventual extinction event either natural man-made

They don't make money he hasn't been able to build cars, this is the problem surd at Tesla's life absurd

Uh, he's a self-confessed

Manic-depressive he he is known to use recreational drugs. Believe me

There are people who could run an automobile company a lot better than he can. It's like Elon Musk

You've been beamed down from another planet

To show us mortals how to run an out of run a company and a fuse that got people were laughing at you now

Not sleek referrers work superheroes work seven days a week

It was like part of some of those days must have been like hundred twenty hours to some unity

The other option would have been Tesla dies Tesla cannot die. Tesla is

Incredibly important for the future or sustainable transport 11 years today

Tesla had made one car that car

That's serial. Number one

It's pretty wild to think that 11 years ago today

We had made literally one car and a year from now world made a million

Well by 2030 electric car sales are expected to surge to 30 million vehicles worldwide

our goal all along has been

To try to get the rest of the car industry to its go electric like we're at an inflection point

the car companies have announced three hundred billion dollars

That they're investing in making even careful that we'll be able to achieve at least a half million cars a year by 2012 a million

cars by

2020 try to make change as opposed to just reading about they made their there third quarter targets

Every car company in the world. I think every boardroom said, oh my goodness

If you study engineering and you figure out how to design new things

Then it's relatively easy to start a company. You just need to get a few like-minded people

with you and and then focus on creating a prototype the compelling prototype as soon as possible and

That that's all there's to it and you might you know, try it a few times

My bail may not succeed

But I think sometimes people fear fear starting a company too much, you know to say really what's worse that could go wrong

You know cast off to death, you know, you're not gonna die of exposure

What's worse they go wrong

I think we should try to take the set of actions that are most likely to make the future good for us middle to the

Middle here. I

Mean, you know each month that passes is literally

Cost us tens of millions of dollars. I mean we need to appreciate that

It's been one the darkest days on Wall Street and reason that instead of being up in an ivory tower

I want to be in the middle of a battle. And so that means putting my desk in the middle of the factory, sir

My gosh, why is everyone getting all on his case?

He wants to get high on a Joe Rogan podcast and you let him let him be the individual that he is

He's a force in society that's like like a

a

Cross-pollination of Thomas Edison and Tony Stark you cross pollinate those two folks you get Ilana

it's like some superhero type Shannon SpaceX be the company that

Brings humanity to Mars and I always see it while I'm still alive

You're 47. What is the likelihood that you?

Seventy percent

What is your hope in terms of the impact you will leave on culture

I think what I'd like to do is help solve some important problems

All the companies we interviewed in Silicon Valley

Tesla is the only one that survived a decade later all the others went bankrupt

You think that you are gonna be the general motors of the future? I?

Would describe it differently?

I think I think

Really the goal of Tesla Motors is to help accelerate the advent of the electric vehicle

The whole point of Tesla is to accelerate the the advent of electric vehicles

erratic

unstable reckless

Operatic. I'm just being me the system would have failed if I if I was truly erratic try to adhere to some

CEO template that we got lost along the way with our space program. What did you mean by that?

Well what I mean by that is in 1969

We were able to go to the moon and here we are over three decades later and we can barely get to low-earth orbit

All right, am I supposed to do something

And I can hear okay, I think this is this is a fantastic thing but this there's gonna be even better things in the future

and we're super super excited for what's happened and

150 miles above Africa the capsule undocked from the International Space Station

This critical test flight paves the way for a dragon mission carrying astronauts. It's been 17 years

There still haven't lost anyone yet

But hopefully we will later this year

So that would definitely be the culmination of a long dream for me and a lot of people at SpaceX for sure

We should have a base on the moon. I kept that permanently occupied human base on the moon and send people to Mars

You know, and I said pull the city on Mars. That's where she do. I

Mean I should say that you know when I was a kid, I didn't really have any grand designs

I mean, the the reason I started programming computers is because I like computer games. It was very violent

It was not a happy childhood. It has almost been to death if you'd call that Boyd

I learned that if I wrote software and sold it then I could get more money and buy better computers

He was interested in computers early at the age of 12

He wrote the software for a video game and sold it against his parents wishes

He set his sights on the software capital of the world. I really want to work on new technology

so I when it get to Silicon Valley I moved first to

Canada by myself when at 17 and then a few years later

I moved to the US writing software during the summer of 95 trying to make useful things happen on the internet

I wrote something that allowed you to get maps and directions on the internet and then something that allowed you to do online

manipulation of content

Things were pretty tough in the early going. I didn't have any money. In fact, I had negative money

I'd hear student debts Oh, in fact, I couldn't afford a place to stay and an office

so I rented an office instead because that was I was actually I got a a cheaper office that I could get a

Get a place to stay and then we I just wanna sleep on the futon and shower at the YMCA on Paige Mullin

Musk sold his first computer program at the age of 12 and he hasn't stopped selling since 95

They weren't very many people on the Internet and certainly nobody was making any money at all

Most people thought the internet was gonna be a fad

There basically only about six of us there were myself my brother who directed us to come down from Canada and

Friend of my mom. This is an ATM. What we're gonna do is transform the traditional banking industry

He started an online banking firm that he grew into PayPal a system for making

Purchases on the internet and you sold PayPal to eBay for pi was about why don't half billion dollars

So we actually lived in the office and we would sleep it

on the floor in the evening and go shower at the YMCA the next morning and then we would be ready to go before the

Before some of our employees would arrive so they wouldn't think we were actually sleeping any other

Effort PayPal had said I want to get back into

electric vehicles and

Make something happen in that arena. It wasn't as though in creating these companies that so we thought that we would be successful

I thought that the most likely outcome was failure

but

But it was still worth doing. Well. I didn't really think Tesla would be successful

I thought we would most likely fail but I thought that we at least could address the false

perception that people had that an electric car had to be ugly and slow and and

Boring like a golf cart. So you didn't expect the company to be successful. Then why try if something's important enough

you should try even if you

Probable outcome is failure

Elon Musk was just very honest and I really think back then

He may have thought the idea would survive but his company would not how much more has the project cost

Then you thought it was going to cost probably played twice as much

I think ish there about how much did you put into this company? Don't tell me you don't know

No, I did. It's about fifty five million dollars

fifty five million dollars of your own money

It's very difficult to

Start companies and quite painful and that's important to bear in mind. I don't know if it's that's probably not encouraging

Leave this way. If you need inspiring words, don't do it. You had that third failure in a row

Did you think I need to pack this in Devin?

Why not? I don't ever give up

I mean I'd have to be

dead or completely incapacitated

My grandfather moved with whittle woola's kids and my mom never went to South Africa

Because he wanted to use it as a base of exploration

So you had this little plane that he liked to fly all over the place

And he he cleared all through Africa and Asia and he was the first person to fly from South Africa to Australia

He did this in a plane with no electronic instruments in some places. They had diesel in some places

They had gasoline. He had to rebuild the engine according to wherever

Whatever fuel they had just for exploration. Just a question for curiosity seems to run in the family. Yeah, I guess

He was prepared to sacrifice everything

his entire fortune

To get a rocket into orbit my second or third trip back from Russia

I was like, whoa. He's gotta be aware to solve the rocket problem

I missed our reading a lot of hooks and rockets and

Did a better sort of a first principles analysis of of a rocket just broke down the materials that are in a rocket

what would it cost to buy those materials what verses the price the rocket and there's a gigantic difference between the

Raw material cost of the rocket and the finish cost the rocket people who say that the company cannot survive without you

Yeah, there are people who say the company cannot survive with you. I definitely feel stressed

Yeah, it's like we've been incredibly difficult and painful last several months. Mm-hmm. Painful. Absolutely, of course, yeah

Yeah, I mean I'm sleeping on the factory floor. No because I think that's like a fun place to sleep. Mm-hmm, you know

Terrible sleeping on the factory for doing why are you doing that?

It doesn't have time to go home and shower I see when they catch her there. So you're just laying here. Yeah a couch. Yeah

It's that simple. Yes, I don't believe like people should be experiencing hardship while the CEO is like all for vacation

The truth is stranger than pictured

Okay, this is why it's important and even if the odds are that it won't succeed

it's worth trying to do it and I think

You can create a great company

Whether use the amount and the greater the span of time that you look at