WEBVTT - Optimus is More Human than it Looks But SpaceX Nails the Landing

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio news.

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<v Speaker 2>Well, Elon Musk is now the richest person on the planet.

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<v Speaker 3>More than half the satellites in space are owned and

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<v Speaker 3>controlled by one man.

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<v Speaker 2>Well, he's a legitimate super genius. I mean legitimate.

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<v Speaker 4>He says he's always voted for Democrats, but this year

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<v Speaker 4>it will be different.

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<v Speaker 1>He'll vote Republican.

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<v Speaker 4>There is a reason the US government is so reliant

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<v Speaker 4>on him.

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<v Speaker 3>Alon Musk is a scam artist and he's done nothing.

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<v Speaker 3>Anything he does, he's fascinating people.

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<v Speaker 2>Welcome to Elon, Inc, Bloomberg's weekly podcast about Elon Musk.

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<v Speaker 2>It's Tuesday, October fifteenth, and I'm your host, Max Chafkin.

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<v Speaker 2>This week, in the wake of an more or less

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<v Speaker 2>successful or not super successful Robotaxi launch, we're going to

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<v Speaker 2>be talking about a mini flood of Elon news stories.

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<v Speaker 2>We had a big win for SpaceX, as well as

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<v Speaker 2>some legal trouble. There's the question of whether those really

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<v Speaker 2>cool Optimist robots at the event were just people using

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<v Speaker 2>remote controls. Then we'll turn the mic over to tech

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<v Speaker 2>reporter and author Kurt Wagner, who had a great talk

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<v Speaker 2>with Ryan Mack and Kate Conger about their new book

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<v Speaker 2>on Twitter character limit. Okay, to break down the news,

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<v Speaker 2>we have a real who's who of Elon reporters. Lauren

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<v Speaker 2>Grush is joining us from Austin. She covers SpaceX for Bloomberg. Hey, Lauren, Hey, guys.

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<v Speaker 2>Ed Ludlow, tech reporter, host of Bloomberg Technology is coming

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<v Speaker 2>live to us from San Francisco. Ed, how you doing?

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<v Speaker 5>Very good?

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<v Speaker 2>Hello, And of course, our old friend and Bloomberg's official

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<v Speaker 2>Elon Musk reporter Dana Hall beaming in from the Bay Area. Hello, Dana,

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<v Speaker 2>Hi Max. All right, Lauren, let's start with you. SpaceX

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<v Speaker 2>did something pretty impressive this week. It caught one of

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<v Speaker 2>it's big starship Rockets, and what the script says, and

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<v Speaker 2>I'm not making this up with giant chopsticks, and I'm

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<v Speaker 2>hoping you can explain what that means and what exactly happened.

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<v Speaker 4>Yeah.

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<v Speaker 6>I feel like it takes a lot to surprise me

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<v Speaker 6>at this point, just because I cover space so regularly,

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<v Speaker 6>but this was one of those feats where I was

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<v Speaker 6>actually very taken aback. It was a pretty stunning achievement.

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<v Speaker 6>So if for anyone who follows SpaceX just casually, you

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<v Speaker 6>probably know that they consistently land their Falcon nine rockets

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<v Speaker 6>after launch, where they come back, they reignite their engines

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<v Speaker 6>and then they land on landing legs. But with this

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<v Speaker 6>it was a whole new type of recovery for their

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<v Speaker 6>Starship rocket. So Starship is their vehicle that they hope

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<v Speaker 6>to send to the Moon in Mars. It's quite massive,

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<v Speaker 6>the most powerful, the largest rocket ever built, and essentially

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<v Speaker 6>the booster portion which propels Starship to space, came back

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<v Speaker 6>to Earth and rather than land on landing legs, it

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<v Speaker 6>ignited its engines to slow itself down, and then two

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<v Speaker 6>giant arms attached to the launch tower that it launched

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<v Speaker 6>from protruded outward and caught the booster as it came

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<v Speaker 6>down with these grid fins that are protruding from the booster.

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<v Speaker 6>So you kind of have to watch the video to

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<v Speaker 6>really get the full effect. I don't think I can

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<v Speaker 6>describe it as well as the video shows it, but

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<v Speaker 6>it was a pretty masterful feat. And I'll be honest,

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<v Speaker 6>you know, I think there are a lot of skeptics,

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<v Speaker 6>including myself, that were a little unsure about whether or

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<v Speaker 6>not they could pull this off. But I watched it

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<v Speaker 6>with my own two eyes. It was pretty incredible.

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<v Speaker 1>And I'm sorry, aren't these things called something like Mecca?

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<v Speaker 1>Mecca was Mechazilla?

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<v Speaker 6>Yes, you know, SpaceX always loves to have a good

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<v Speaker 6>funny name for the things that they built. So the

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<v Speaker 6>Mechzilla chopsticks are the nicknames for these two arms that

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<v Speaker 6>stick out of the launch tower.

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<v Speaker 2>Yeah. Elon Musk course has away with nicknames and names

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<v Speaker 2>and also very good at these kind of you know,

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<v Speaker 2>show stopping demonstrations. But Lauren, like, why is this impressive

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<v Speaker 2>and like, what does it tell us about SpaceX's progress

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<v Speaker 2>with this very large rocket.

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<v Speaker 6>Well, I think for me it was impressive just because

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<v Speaker 6>the booster, which is called super heavy, is just so

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<v Speaker 6>massive and you know, logically just doesn't make sense in

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<v Speaker 6>my brain. The fins that stick out of it can

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<v Speaker 6>are enough to hold up this massive booster in mid

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<v Speaker 6>air basically. But really, the more impressive side of it

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<v Speaker 6>is that Starship has been advertised as being fully reusable.

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<v Speaker 6>So the Falcon nine, you know, it gets a lot

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<v Speaker 6>of attention for being reusable, but it's only partially reusable.

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<v Speaker 6>The upper portion of it actually doesn't survive or come

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<v Speaker 6>back to Earth. And so this is a key step

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<v Speaker 6>because you know, if Starship is going to be fully reasonable,

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<v Speaker 6>you have to save both parts that part of the

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<v Speaker 6>test flight. Starship did also survive its re entry through

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<v Speaker 6>Earth's atmosphere, at least mostly. I did see some burn

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<v Speaker 6>through of you know, the fins, but it did make

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<v Speaker 6>it back more or less intact.

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<v Speaker 2>All right, ed put this in a context of SpaceX

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<v Speaker 2>in general. A lot is happening with SpaceX. You know,

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<v Speaker 2>a lot of progress with Starlink. I mean, what kind

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<v Speaker 2>of year has this company had are they having right now?

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<v Speaker 3>So always challenging because of Elon Musk, because they are

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<v Speaker 3>intensely followed by regulators and state officials and federal officials.

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<v Speaker 3>But the easiest thing for anyone who wants to follow SpaceX,

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<v Speaker 3>or has to follow SpaceX to do is take at

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<v Speaker 3>face value the bigger picture goal. I'm never going to

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<v Speaker 3>be able to put rocket science as poetically to you

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<v Speaker 3>as Lauren Grush does, But if you look at each

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<v Speaker 3>mission Starship just gone and say, okay, the goal was

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<v Speaker 3>to catch the booster, and the secondary goal was to

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<v Speaker 3>have Starship fall through Earth's atmosphere and not disintegrate, you

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<v Speaker 3>have to accept that the longer term and bigger picture

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<v Speaker 3>goal is to get mankind or humankind to being an

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<v Speaker 3>InterPlaNet tree species and get humankind to Mars. And it's

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<v Speaker 3>the kind of thing where your journalist and you're sitting

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<v Speaker 3>with your editors, your dear friend Donah Hole or you know,

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<v Speaker 3>the head of Bloomberg Television, and you sit in front

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<v Speaker 3>of them and you say that and they just cannot

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<v Speaker 3>accept it. But that's true.

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<v Speaker 2>Okay, let's move from deep space and Mars down to Earth.

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<v Speaker 7>Dana.

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<v Speaker 2>There's a bit of a fight going on right now

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<v Speaker 2>between Elon Musk and some local officials in California over

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<v Speaker 2>some of these launches, over the sort of plans for

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<v Speaker 2>an expansion of these launches from I believe the Vanderberg

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<v Speaker 2>Air Force Base, which is in California. What's going on

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<v Speaker 2>with this?

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<v Speaker 1>Yeah, So I feel like a bit much has been

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<v Speaker 1>made about this. The California Coastal Commission, which oversees California's

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<v Speaker 1>very beloved and pristine coast like it's worried about the

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<v Speaker 1>number of launches. But SpaceX, to be clear, they want

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<v Speaker 1>to launch a lot, and they've got multiple launch pads.

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<v Speaker 1>They've got Bokachika, they've got Vandenburg and California they've got

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<v Speaker 1>the launch pad in Florida, and so like last week,

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<v Speaker 1>the Coastal Commission said that they were like worried about

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<v Speaker 1>giving SpaceX more launches because of like issues with labor rights.

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<v Speaker 1>This is like a non binding rebuttal like it doesn't

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<v Speaker 1>actually change anything, but Elon Musk is very upset about it.

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<v Speaker 1>He said that SpaceX is going to sue the Coastal

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<v Speaker 1>Commission today apparently we haven't seen an actual lawsuit, but

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<v Speaker 1>it sort of plays into the larger narrative that Elan

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<v Speaker 1>has been pushing, which is that he is a victim

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<v Speaker 1>of law fair and that these pesky regulators, whether at

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<v Speaker 1>the federal government or in California, are like constantly kind

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<v Speaker 1>of trying to take him down, and that like we'll

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<v Speaker 1>never get to Mars without with all this government bureaucracy.

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<v Speaker 1>And so it kind of like plays into this narrative

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<v Speaker 1>that he has really been on for quite some time.

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<v Speaker 1>You know, ultimately, I'll be curious to see if SpaceX

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<v Speaker 1>actually sues and on what grand.

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<v Speaker 2>All right, let's move to robots. Ed you wrote a

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<v Speaker 2>story for Bloomberg, I believe, yesterday about these wonderful looking,

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<v Speaker 2>these very impressive optimist robots. People at this Tesla event

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<v Speaker 2>on Thursday could not believe it. The robots had different voices,

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<v Speaker 2>they were cracking jokes, even spoke Spanish. But it appears,

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<v Speaker 2>and according to your reporting, that there was a catch.

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<v Speaker 1>Yeah.

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<v Speaker 3>I did not go to the event. I tried very

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<v Speaker 3>hard to, but I was not invited. Many people at

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<v Speaker 3>the event could not believe that the Optimius robots were real,

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<v Speaker 3>that they were really doing this autonomously. Some people did

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<v Speaker 3>suspect that they might have had some help, and some

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<v Speaker 3>people did ask the robot if it was having some help,

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<v Speaker 3>and there was some confusing posts on X So I said,

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<v Speaker 3>we have to confirm this, so I phoned everyone that

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<v Speaker 3>I know, and what we reported is that, yeah, absolutely,

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<v Speaker 3>these Optimist spots were helly operated in the interactions they

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<v Speaker 3>had with the guests at the event.

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<v Speaker 2>And teller operated means remote control.

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<v Speaker 3>Right exactly, there were remotely controlled. So there were Tesla's

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<v Speaker 3>staff in a warehouse essentially not off site, but away

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<v Speaker 3>from the festivities, controlling their movement and I believe their

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<v Speaker 3>voice as well, though that is a point of contention. Specifically,

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<v Speaker 3>we're talking about things like pouring drinks, and we're talking

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<v Speaker 3>about games of rock, paper, scissors, and high fives. However,

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<v Speaker 3>there were parts of the Optimus robot's function on the ground,

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<v Speaker 3>which I'm told by sources was autonomous, but it's limited

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<v Speaker 3>to walking around, which is still a very impressive feat,

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<v Speaker 3>although there are other robotics companies that have achieved that historically.

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<v Speaker 3>And dancing, so, for example, there are clips out there

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<v Speaker 3>where members of the audience are like doing dances and

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<v Speaker 3>the Optimus bot mimics the dance, and my understanding from

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<v Speaker 3>sources is yes, that is something the Optimist did of

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<v Speaker 3>its own artificially intelligent volition. There's one important point that

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<v Speaker 3>I added to my reporting late late in the evening

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<v Speaker 3>after the story was published, which is this was a

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<v Speaker 3>classic Elon Musk thing. Basically, three weeks ago before the event,

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<v Speaker 3>he decided he wanted to have the robots at the event,

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<v Speaker 3>and so he told the team that's in charge of Optimus,

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<v Speaker 3>make this happen, and they were all like, we cannot

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<v Speaker 3>make this happen. There isn't enough time. The Optimist robot

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<v Speaker 3>isn't ready, and so teleoperation or remote control was the

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<v Speaker 3>only option.

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<v Speaker 2>My favorite thing about this story is imagining there were

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<v Speaker 2>like fifty Optimist robots or something, and imagining fifty individual

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<v Speaker 2>Tesla employees in little phone booths somewhere on that soundstage,

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<v Speaker 2>you know, having to play rock paper scissors with all

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<v Speaker 2>these like car influencers. Dan, what are we even talking

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<v Speaker 2>about here? What is opt I thought this was a

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<v Speaker 2>cyber cab event. Why are we even talking about this?

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<v Speaker 1>Well, I think the fact that the cyber cab event

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<v Speaker 1>itself was so lackluster is probably why the robots came out,

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<v Speaker 1>Because when they announced the event, they called it we Robot,

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<v Speaker 1>which is like nod to Isaac Asimov. And I was

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<v Speaker 1>telling everyone internally like oh yeah, like okay, this is

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<v Speaker 1>not just about the robotexie. This is clearly also about optimists.

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<v Speaker 1>And this is all part of like Musk's whole thing

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<v Speaker 1>of positioning Tesla as not a car maker, but as

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<v Speaker 1>an AI and robotics company. That's where the future is.

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<v Speaker 1>And you know optimists right now, like a couple of

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<v Speaker 1>them work in the Fremont factory. They like sort batteries.

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<v Speaker 1>I mean eventually they'll probably be put to work digging

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<v Speaker 1>tunnels on Mars. He was sort of pitching optimists as

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<v Speaker 1>like your buddy, like that you could hire optimists to

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<v Speaker 1>mow your lawn and babysit your kids and be.

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<v Speaker 3>Your friend, well babysitster in some ways.

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<v Speaker 2>Lauren, You know, my impression here is that we're seeing

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<v Speaker 2>some stuff that just sounds very unserious, right, like kind

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<v Speaker 2>of a blown demo or maybe a muff demo over promises.

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<v Speaker 2>You see people sort of criticizing this event, saying Elon

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<v Speaker 2>Musk is attracted. On the other hand, of course, SpaceX

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<v Speaker 2>had this wonderfully successful demonstration almost at the exact same time.

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<v Speaker 2>Do you any sense of what is going on, like

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<v Speaker 2>why we're seeing what feels like a bit of a

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<v Speaker 2>divergence between the two companies.

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<v Speaker 6>I've always said that when it comes to SpaceX, it's

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<v Speaker 6>just a type of technology really can't fake, you know,

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<v Speaker 6>and I'm not trying to insinuate that there is any

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<v Speaker 6>faking going on, but you know, when it comes to

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<v Speaker 6>launching rockets, like it's a very visible medium and you

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<v Speaker 6>can see in real time they all have to work

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<v Speaker 6>as predicted or else you get some very explodey reactions.

0:12:33.600 --> 0:12:36.800
<v Speaker 6>So I think it's just more of kind of a

0:12:36.840 --> 0:12:41.800
<v Speaker 6>forcing function that when you launch rockets there really is

0:12:41.880 --> 0:12:45.559
<v Speaker 6>no room for error or faking, and so they have

0:12:45.640 --> 0:12:48.400
<v Speaker 6>to get it working correctly. You know, I think that's

0:12:48.480 --> 0:12:53.480
<v Speaker 6>kind of been my thesis, But I can't really speak

0:12:53.520 --> 0:12:56.800
<v Speaker 6>to why there's a little more smoke and mirrors. I

0:12:56.800 --> 0:13:00.000
<v Speaker 6>guess at the Tesla side of things than the SpaceX

0:13:00.240 --> 0:13:00.800
<v Speaker 6>of things.

0:13:00.640 --> 0:13:03.200
<v Speaker 3>He isn't often right on the timeline, but in many

0:13:03.240 --> 0:13:04.600
<v Speaker 3>cases he gets there in the end.

0:13:05.080 --> 0:13:06.600
<v Speaker 2>Dana final word here.

0:13:07.440 --> 0:13:10.000
<v Speaker 1>My big take was like Elon is just bored of

0:13:10.000 --> 0:13:12.680
<v Speaker 1>building cars. That just seemed very obvious to me. He

0:13:12.679 --> 0:13:16.040
<v Speaker 1>didn't talk about the business case for the ROBOTAXI, he

0:13:16.040 --> 0:13:18.640
<v Speaker 1>didn't talk about the potential for Tesla to ever make

0:13:18.720 --> 0:13:22.000
<v Speaker 1>a cheaper car. But Mars and getting to Mars has

0:13:22.080 --> 0:13:26.319
<v Speaker 1>been like his overriding mission since he was like a kid,

0:13:26.440 --> 0:13:29.000
<v Speaker 1>Like that is like the reason why he founded SpaceX.

0:13:29.040 --> 0:13:31.560
<v Speaker 1>And so you're always going to see SpaceX pushing the

0:13:31.679 --> 0:13:35.200
<v Speaker 1>envelope and really being like the gold standard for what

0:13:35.400 --> 0:13:38.400
<v Speaker 1>is possible and what is achievable. And I remember, you know,

0:13:38.520 --> 0:13:41.559
<v Speaker 1>like when SpaceX was first trying to land rockets on

0:13:41.640 --> 0:13:43.560
<v Speaker 1>drone ships and they would miss and miss and miss,

0:13:43.559 --> 0:13:45.880
<v Speaker 1>and then they finally nailed it, and that was like

0:13:45.920 --> 0:13:48.840
<v Speaker 1>a big thing. And so they're constantly pushing the envelope,

0:13:48.840 --> 0:13:52.040
<v Speaker 1>whereas with Tesla, they're way behind Weimo in terms of

0:13:52.080 --> 0:13:57.160
<v Speaker 1>actually having like an operational license to run driverless cars

0:13:57.160 --> 0:13:59.640
<v Speaker 1>as a robotaxi service in a city like San Francisco,

0:14:00.040 --> 0:14:02.600
<v Speaker 1>and frankly, they're way behind like Boston Dynamics in terms

0:14:02.640 --> 0:14:05.760
<v Speaker 1>of robotics. And so it's just wild to see the Tesla,

0:14:05.800 --> 0:14:08.360
<v Speaker 1>which is this company that really ushered in the electric

0:14:08.400 --> 0:14:13.960
<v Speaker 1>vehicle era, now trying to push robotics as this thing

0:14:14.000 --> 0:14:17.000
<v Speaker 1>that they're gonna slay in when they're behind the competition.

0:14:17.720 --> 0:14:20.440
<v Speaker 2>Let's end it there, Lauren dana Ed, thank you for

0:14:20.440 --> 0:14:20.960
<v Speaker 2>being here.

0:14:21.320 --> 0:14:24.000
<v Speaker 1>Thank you very much, Thank you, Take care.

0:14:29.400 --> 0:14:31.720
<v Speaker 2>And now over to Kurt Wagner's interview with Kate Conger

0:14:31.760 --> 0:14:34.440
<v Speaker 2>and Ryan Mack, two New York Times reporters who recently

0:14:34.480 --> 0:14:37.040
<v Speaker 2>came out with a book called Character Limit, How Elon

0:14:37.160 --> 0:14:41.280
<v Speaker 2>Musk Destroyed Twitter. It details the acquisition of Twitter and

0:14:41.400 --> 0:14:43.560
<v Speaker 2>the first year at the company. Kurt, of course, wrote

0:14:43.560 --> 0:14:45.440
<v Speaker 2>his own book on the subject, Battle for the Bird,

0:14:45.680 --> 0:14:48.480
<v Speaker 2>Jack Dorsey, Elon Musk and the forty four billion dollar

0:14:48.600 --> 0:14:52.400
<v Speaker 2>Fight for Twitter Soul. Kurt's book covers the twisty lead

0:14:52.480 --> 0:14:56.479
<v Speaker 2>up to the acquisition. Character Limit covers the messy aftermath,

0:14:56.520 --> 0:14:59.680
<v Speaker 2>so it's an ideal pairing. And with that preamble, here's

0:14:59.760 --> 0:15:02.000
<v Speaker 2>Kurt interviewing Kate Conger and Ryan Mack.

0:15:02.800 --> 0:15:06.920
<v Speaker 4>Okay, let's welcome to Elon, Inc. The authors of the

0:15:07.040 --> 0:15:11.160
<v Speaker 4>recent book Character Limit. Ryan Mack and Kate Conger from

0:15:11.160 --> 0:15:11.800
<v Speaker 4>The New York Times.

0:15:11.840 --> 0:15:14.280
<v Speaker 5>Welcome guys, Hey, Kurt, thanks so much for having us.

0:15:14.320 --> 0:15:15.520
<v Speaker 7>We're really excited to talk to you.

0:15:15.600 --> 0:15:17.920
<v Speaker 4>I feel like I know the story as well as

0:15:17.960 --> 0:15:20.480
<v Speaker 4>most should, and I learned a ton from what you

0:15:20.480 --> 0:15:23.840
<v Speaker 4>guys put together. I think one of the things I

0:15:23.960 --> 0:15:27.280
<v Speaker 4>still sort of don't really know the answer to, even

0:15:27.320 --> 0:15:31.280
<v Speaker 4>though we're two years later, is like, did Elon really

0:15:31.320 --> 0:15:33.880
<v Speaker 4>want to buy Twitter? Did he sort of fall into

0:15:33.960 --> 0:15:37.680
<v Speaker 4>this thing almost unintentionally? Like what drove him? I guess

0:15:37.680 --> 0:15:40.680
<v Speaker 4>I'm curious what your best theory is for why he

0:15:40.680 --> 0:15:42.680
<v Speaker 4>felt he needed to own this platform.

0:15:43.120 --> 0:15:44.760
<v Speaker 5>I think of Elon, I think of someone who gives

0:15:44.840 --> 0:15:47.800
<v Speaker 5>himself missions, and he likes to give himself like a

0:15:47.880 --> 0:15:51.280
<v Speaker 5>higher reasoning or a higher calling for doing the things

0:15:51.280 --> 0:15:55.280
<v Speaker 5>he does, whether that's getting people to Mars or electrifying

0:15:55.280 --> 0:15:57.920
<v Speaker 5>cars and helping the environment. You know, there's always something

0:15:58.000 --> 0:16:02.680
<v Speaker 5>more beyond the sense of business reason, I guess, and

0:16:02.960 --> 0:16:04.560
<v Speaker 5>we could see in his text messages, you know he

0:16:04.640 --> 0:16:06.800
<v Speaker 5>was he was annoyed with the Babylon Bee, he was

0:16:06.840 --> 0:16:10.080
<v Speaker 5>annoyed with Trump being the platformed, the free speech thing.

0:16:10.320 --> 0:16:12.920
<v Speaker 5>But at the end of the day, like Twitter was

0:16:13.440 --> 0:16:16.200
<v Speaker 5>his like favorite thing in the world. He spent hours

0:16:16.560 --> 0:16:21.400
<v Speaker 5>and hours every day on it. He was It's where

0:16:21.400 --> 0:16:24.520
<v Speaker 5>he cultivated his community. He loved talking to people on there,

0:16:24.560 --> 0:16:28.000
<v Speaker 5>he loved brawling, he loved trolling. And in the same

0:16:28.000 --> 0:16:30.840
<v Speaker 5>way you know, Steve Balmer might buy the Clippers or

0:16:31.000 --> 0:16:34.280
<v Speaker 5>Jeff Bezos might buy a yacht, you know, Elon must

0:16:34.280 --> 0:16:36.960
<v Speaker 5>bought a company, and that is is kind of how

0:16:36.960 --> 0:16:38.600
<v Speaker 5>we understand it's his favorite toy.

0:16:38.920 --> 0:16:43.920
<v Speaker 4>Yeah, the book is full of anecdotes, full of color,

0:16:43.960 --> 0:16:47.560
<v Speaker 4>full of stories of course of Elon. I'm wondering if

0:16:47.600 --> 0:16:49.840
<v Speaker 4>you both have maybe a favorite that you'd want to

0:16:49.840 --> 0:16:52.200
<v Speaker 4>call out, Like, is there something that stands out from

0:16:52.240 --> 0:16:52.840
<v Speaker 4>your reporting?

0:16:53.360 --> 0:16:53.720
<v Speaker 1>Yeah?

0:16:53.800 --> 0:16:57.400
<v Speaker 7>I think for me, I think a lot about Elon's

0:16:57.560 --> 0:17:01.040
<v Speaker 7>own narrative of himself. And you know, he's explain that

0:17:01.120 --> 0:17:04.639
<v Speaker 7>in many many interviews and his authorized biography, But he

0:17:04.840 --> 0:17:09.240
<v Speaker 7>often talks about himself as someone who was a victim

0:17:09.240 --> 0:17:12.560
<v Speaker 7>of abuse from both his father and his classmates when

0:17:12.560 --> 0:17:15.000
<v Speaker 7>he was young, and how formative that was for him,

0:17:15.520 --> 0:17:19.000
<v Speaker 7>and how you know, being deprived of that kind of

0:17:19.640 --> 0:17:24.719
<v Speaker 7>love and affection and sort of unconstrained kindness when he

0:17:24.800 --> 0:17:27.320
<v Speaker 7>was a child drove him to be someone who is

0:17:27.440 --> 0:17:30.720
<v Speaker 7>very disciplined and who had to prove his worth right

0:17:30.800 --> 0:17:33.320
<v Speaker 7>and wanted other people to prove their worth to him.

0:17:33.680 --> 0:17:36.040
<v Speaker 7>I think that's really interesting, and I think it's you know,

0:17:36.080 --> 0:17:39.360
<v Speaker 7>really tragic as well, especially now as we see him

0:17:39.480 --> 0:17:44.440
<v Speaker 7>kind of playing out these patterns of abuse and hardship

0:17:44.520 --> 0:17:47.399
<v Speaker 7>against his own family and the people who are close

0:17:47.440 --> 0:17:50.240
<v Speaker 7>to him. And I see that especially in the book.

0:17:50.680 --> 0:17:55.959
<v Speaker 7>There's this section where he is planning to have another

0:17:56.080 --> 0:18:00.000
<v Speaker 7>child with Grimes via surrogate. They've picked out a name

0:18:00.200 --> 0:18:03.679
<v Speaker 7>for the baby, Valkyrie, and at the same time, he

0:18:04.160 --> 0:18:08.000
<v Speaker 7>is in secret from Grimes having children with one of

0:18:08.000 --> 0:18:12.760
<v Speaker 7>his employees at Neuralink, chevon Zillas, and those children Chavon's

0:18:12.800 --> 0:18:16.000
<v Speaker 7>children are born prior to the baby with Grimes. He

0:18:16.119 --> 0:18:19.520
<v Speaker 7>names one of those children Valkyrie and basically steals the

0:18:19.680 --> 0:18:22.280
<v Speaker 7>name from his child with Grimes and applies it to

0:18:22.320 --> 0:18:25.440
<v Speaker 7>this other child. You know, and then Grimes finds out

0:18:25.480 --> 0:18:28.719
<v Speaker 7>obviously is very heartbroken, writes a whole song about the

0:18:28.760 --> 0:18:31.840
<v Speaker 7>experience and talks about sort of a mother's pain and

0:18:31.880 --> 0:18:34.960
<v Speaker 7>being robbed of the name that she's chosen for her daughter.

0:18:35.520 --> 0:18:40.800
<v Speaker 7>But it really I think portrays Elon as someone who

0:18:40.920 --> 0:18:44.720
<v Speaker 7>views even the people who are closest to him as interchangeable.

0:18:45.160 --> 0:18:48.640
<v Speaker 7>Their names can be interchanged, their bodies can be interchanged,

0:18:49.080 --> 0:18:54.080
<v Speaker 7>their skills can be interchanged, and he doesn't hold back

0:18:54.320 --> 0:18:57.760
<v Speaker 7>from doing harm because of the hurt it might cause

0:18:57.840 --> 0:18:58.560
<v Speaker 7>to other people.

0:18:59.000 --> 0:18:59.240
<v Speaker 2>Wow.

0:18:59.400 --> 0:19:04.600
<v Speaker 4>Yeah, that is a pretty crazy story there, Ryan. Do

0:19:04.680 --> 0:19:07.560
<v Speaker 4>you have one that comes to mind for me?

0:19:08.000 --> 0:19:09.920
<v Speaker 5>The one thing that stands out that we've reported on

0:19:10.320 --> 0:19:13.160
<v Speaker 5>is on Twitter Blue launch day. You know, he's got

0:19:13.160 --> 0:19:17.159
<v Speaker 5>this plan to sell the badges. It's going to reinvigorate

0:19:17.200 --> 0:19:18.800
<v Speaker 5>the company, is going to make so much money off

0:19:18.800 --> 0:19:21.720
<v Speaker 5>the sale of these badges. And he goes into the

0:19:21.800 --> 0:19:24.840
<v Speaker 5>meeting room and he's talking with the product folks and

0:19:24.880 --> 0:19:27.800
<v Speaker 5>the engineers in the room, and they really have a

0:19:27.800 --> 0:19:30.440
<v Speaker 5>lot of concerns. This is going to upend what people

0:19:30.520 --> 0:19:34.320
<v Speaker 5>understand about verification. They're concerned about what happens in emergency

0:19:34.359 --> 0:19:37.240
<v Speaker 5>situations when let's say, I don't know, if some fire

0:19:37.280 --> 0:19:41.840
<v Speaker 5>department announces there's an oncoming hurricane or tornado warning or

0:19:41.840 --> 0:19:45.480
<v Speaker 5>something like that, what does that mean? And he basically

0:19:45.560 --> 0:19:47.960
<v Speaker 5>says to them in a quote like you know, we're

0:19:48.000 --> 0:19:49.879
<v Speaker 5>going to be shooting from the hip in real time,

0:19:50.600 --> 0:19:53.080
<v Speaker 5>and everyone just has their hands on their heads and

0:19:53.080 --> 0:19:55.320
<v Speaker 5>they're like, people could really get hurt so much to

0:19:55.359 --> 0:19:58.399
<v Speaker 5>the point where an engineer who's calling in says like,

0:19:58.440 --> 0:20:01.080
<v Speaker 5>at what point do we shut off this? Like when

0:20:01.119 --> 0:20:04.800
<v Speaker 5>do we know that we've hit a real problem? And

0:20:04.840 --> 0:20:08.240
<v Speaker 5>Elon responds to him when someone dies or someone gets

0:20:08.240 --> 0:20:10.359
<v Speaker 5>really hurt, that's when we're going to, you know, stop

0:20:10.400 --> 0:20:13.440
<v Speaker 5>what we're doing. And I was just like, that's that's

0:20:13.480 --> 0:20:17.399
<v Speaker 5>not a responsible way to launch a product. It's extremely dangerous.

0:20:18.040 --> 0:20:21.439
<v Speaker 4>Both of your anecdotes here like have similar themes, right,

0:20:21.520 --> 0:20:24.000
<v Speaker 4>which is that to your point, he's not really taking

0:20:24.040 --> 0:20:26.720
<v Speaker 4>other people into account. How does he justify that or

0:20:26.760 --> 0:20:28.800
<v Speaker 4>do you feel like you know how he justifies that?

0:20:29.480 --> 0:20:33.560
<v Speaker 7>Yeah, I think Elon's thought process is sort of one

0:20:33.560 --> 0:20:35.919
<v Speaker 7>that's common in Silicon Valley, but he takes it to

0:20:36.040 --> 0:20:39.679
<v Speaker 7>a new extreme. But it's this idea of long termism

0:20:39.800 --> 0:20:43.199
<v Speaker 7>where whatever harm I might do in the present is

0:20:43.359 --> 0:20:46.840
<v Speaker 7>worth it if I've done something that fifty one hundred

0:20:46.920 --> 0:20:49.440
<v Speaker 7>years down the road is going to have an immense

0:20:49.480 --> 0:20:52.840
<v Speaker 7>impact for all of humanity. And I think Elon really

0:20:52.840 --> 0:20:55.520
<v Speaker 7>thinks that way, and a lot of other folks in

0:20:55.640 --> 0:20:57.840
<v Speaker 7>Silicon Valley do as well. You know, we've seen this

0:20:57.920 --> 0:21:02.159
<v Speaker 7>a lot with self driving and with the gig economy,

0:21:02.800 --> 0:21:06.600
<v Speaker 7>where there are these justifications of like, it's okay if

0:21:07.200 --> 0:21:09.280
<v Speaker 7>you know a child gets run over by a self

0:21:09.359 --> 0:21:13.960
<v Speaker 7>driving car or there's some kind of mishap that happens

0:21:14.240 --> 0:21:18.879
<v Speaker 7>in a ride hail, because fifty one hundred years down

0:21:18.960 --> 0:21:22.359
<v Speaker 7>the road, we will have saved far more lives through

0:21:22.720 --> 0:21:26.119
<v Speaker 7>preventing drunk driving or preventing human error in cars.

0:21:26.240 --> 0:21:29.879
<v Speaker 4>I mean, it's very clear how I think probably you

0:21:30.160 --> 0:21:34.320
<v Speaker 4>both feel about how the Twitter experiment has gone. Right.

0:21:34.359 --> 0:21:37.679
<v Speaker 4>The subtitle of your book is how Elon Musk destroyed Twitter.

0:21:38.040 --> 0:21:40.040
<v Speaker 4>There have been many missteps, I think we could probably

0:21:40.080 --> 0:21:42.440
<v Speaker 4>all agree in the past two years. Is there one

0:21:42.440 --> 0:21:46.159
<v Speaker 4>that's maybe been the biggest problem for you know, the

0:21:46.160 --> 0:21:49.320
<v Speaker 4>biggest mistake that he's made. Ryan, you mentioned Blue Verify

0:21:49.440 --> 0:21:52.080
<v Speaker 4>That to me actually may maybe top of my list

0:21:52.119 --> 0:21:55.800
<v Speaker 4>in terms of just like eroding value and trust in

0:21:55.840 --> 0:21:56.400
<v Speaker 4>this company.

0:21:56.520 --> 0:21:59.600
<v Speaker 5>For me, it would be the fundamental Hubris. He came

0:21:59.640 --> 0:22:03.520
<v Speaker 5>in with the confidence and the lack of understanding of advertising.

0:22:03.720 --> 0:22:07.440
<v Speaker 5>You know, he bought an advertising social you know social

0:22:07.480 --> 0:22:10.639
<v Speaker 5>network based on advertising that where it draws ninety percent

0:22:10.680 --> 0:22:14.920
<v Speaker 5>of its business from and to alienate advertisers almost from

0:22:15.000 --> 0:22:16.800
<v Speaker 5>day one. I think on day one he had that

0:22:16.880 --> 0:22:20.159
<v Speaker 5>like very conciliatory, like he wrote a very good note

0:22:20.359 --> 0:22:22.040
<v Speaker 5>and it was like, you know, my ownership is not

0:22:22.200 --> 0:22:25.560
<v Speaker 5>going to drive you away. I'm not going to have

0:22:25.640 --> 0:22:28.040
<v Speaker 5>more misinformation. I'm not going to have more hate. And

0:22:28.119 --> 0:22:32.679
<v Speaker 5>from that day on, it's gone downhill and he's scared

0:22:32.720 --> 0:22:34.879
<v Speaker 5>people and advertisers away to the point where he is

0:22:35.080 --> 0:22:39.280
<v Speaker 5>suing advertising groups for not advertising on X And like

0:22:39.320 --> 0:22:43.000
<v Speaker 5>that is I think like an original sin for me

0:22:43.280 --> 0:22:45.080
<v Speaker 5>if I'm analyzing the deal.

0:22:45.520 --> 0:22:49.240
<v Speaker 4>Yeah, it sounds so sort of obvious or basic, but

0:22:49.320 --> 0:22:52.880
<v Speaker 4>like the lack of understanding of the main core business

0:22:53.119 --> 0:22:55.560
<v Speaker 4>I think has struck a lot of people as a

0:22:55.600 --> 0:22:58.120
<v Speaker 4>surprise when he came in. Kate, was there something for you?

0:22:58.440 --> 0:23:02.040
<v Speaker 7>Yeah? You know, I think if I try to get

0:23:02.080 --> 0:23:05.640
<v Speaker 7>Elon pilled for a second and really believe in him

0:23:05.680 --> 0:23:08.560
<v Speaker 7>as an entrepreneur. You know, what I see is the

0:23:08.640 --> 0:23:11.679
<v Speaker 7>technical prowess, right, the things that he's been able to

0:23:11.760 --> 0:23:17.480
<v Speaker 7>do with Tesla and SpaceX, and I see a lack

0:23:17.800 --> 0:23:21.639
<v Speaker 7>of innovation with X, and I think that that is

0:23:21.680 --> 0:23:25.159
<v Speaker 7>something that a lot of people expected from him. You know,

0:23:25.359 --> 0:23:28.359
<v Speaker 7>search is often broken. So much of my reporting work

0:23:28.440 --> 0:23:31.600
<v Speaker 7>is deep diving back into historic tweets, and that's very

0:23:31.640 --> 0:23:33.919
<v Speaker 7>hard to do on the platform. It often does not work.

0:23:34.440 --> 0:23:37.440
<v Speaker 7>The technology for spaces is now quite degraded, and when

0:23:37.480 --> 0:23:39.919
<v Speaker 7>he tried to host former President Trump for a conversation,

0:23:40.000 --> 0:23:42.840
<v Speaker 7>they couldn't get it going for forty five minutes. We've

0:23:42.960 --> 0:23:45.520
<v Speaker 7>heard from him about how he wants to include payments,

0:23:45.560 --> 0:23:47.600
<v Speaker 7>how he wants to include video, how he wants to

0:23:47.680 --> 0:23:50.720
<v Speaker 7>kind of cannibalize audience from TikTok. None of those things

0:23:50.800 --> 0:23:53.560
<v Speaker 7>are happening, and so I think if you look at

0:23:53.600 --> 0:23:58.880
<v Speaker 7>it from a pro Elon perspective, the innovation is quite disappointing.

0:24:03.560 --> 0:24:05.960
<v Speaker 4>How much of this do you pin on sort of

0:24:06.000 --> 0:24:08.840
<v Speaker 4>his network of advisors, right, because I think one of

0:24:08.480 --> 0:24:11.719
<v Speaker 4>the great parts about your reporting in the book is

0:24:11.760 --> 0:24:16.080
<v Speaker 4>just how often he's listening to people who may not

0:24:16.480 --> 0:24:19.359
<v Speaker 4>be experts in the advice that they're giving and in

0:24:19.400 --> 0:24:24.720
<v Speaker 4>some cases reacting to anonymous Twitter users, right like advice

0:24:25.400 --> 0:24:30.000
<v Speaker 4>or feedback from you know, random account with four thousand followers.

0:24:30.359 --> 0:24:32.879
<v Speaker 7>I think that is a factor. But ultimately, you know,

0:24:32.920 --> 0:24:35.800
<v Speaker 7>he is the decision maker on things. He loves to

0:24:35.800 --> 0:24:38.439
<v Speaker 7>be in the weeds and to be very hands on

0:24:39.080 --> 0:24:43.360
<v Speaker 7>with product and from you know, the most random details

0:24:43.400 --> 0:24:47.120
<v Speaker 7>we heard from people who are talking to him about

0:24:47.440 --> 0:24:51.040
<v Speaker 7>the exact pixel placement of something on the screen, or

0:24:51.080 --> 0:24:54.120
<v Speaker 7>the fact that he didn't want the copy that went

0:24:54.119 --> 0:24:56.680
<v Speaker 7>to the app store to have a comma in it.

0:24:56.800 --> 0:24:56.960
<v Speaker 2>You know.

0:24:57.880 --> 0:25:00.000
<v Speaker 7>When we were writing the book, there is a day

0:25:00.080 --> 0:25:02.280
<v Speaker 7>Ryan came over to me and he'd been interrupting me

0:25:02.320 --> 0:25:04.080
<v Speaker 7>all day and I was like, leave me alone. He's like,

0:25:04.119 --> 0:25:06.280
<v Speaker 7>you have to look at this. And it was because

0:25:06.400 --> 0:25:09.600
<v Speaker 7>Elon had seen a tweet from a Nicki minaj Stan

0:25:09.720 --> 0:25:13.879
<v Speaker 7>account that was complaining about the look of the official

0:25:13.920 --> 0:25:17.000
<v Speaker 7>badges that he was planning to give to governments and

0:25:17.119 --> 0:25:22.280
<v Speaker 7>to fire departments, emergency services, transit authorities, things like that.

0:25:22.600 --> 0:25:24.959
<v Speaker 7>They said it looked bad, and he brought the tweet

0:25:25.000 --> 0:25:27.600
<v Speaker 7>to people at Twitter and like, we have to take

0:25:27.640 --> 0:25:31.760
<v Speaker 7>this down because this Nicki Minaj fan account doesn't like

0:25:31.800 --> 0:25:33.119
<v Speaker 7>it and they think it looks dumb.

0:25:34.200 --> 0:25:36.040
<v Speaker 4>You know, it's a bad And I was like, I

0:25:36.040 --> 0:25:39.000
<v Speaker 4>couldn't believe it was crazy the amount of influence that

0:25:39.080 --> 0:25:43.040
<v Speaker 4>some random Twitter user can have on this company.

0:25:43.480 --> 0:25:45.360
<v Speaker 5>It's so strange because we think of Elon as kind

0:25:45.359 --> 0:25:48.119
<v Speaker 5>of the alpha, like the decision maker. And in the

0:25:48.160 --> 0:25:50.840
<v Speaker 5>book there's plenty of examples where he has this small

0:25:50.840 --> 0:25:53.840
<v Speaker 5>circle of advisors. I think of people like David Sachs

0:25:53.880 --> 0:25:57.399
<v Speaker 5>or Jason Kalakanis where he'll listen to them despite their

0:25:57.480 --> 0:26:00.680
<v Speaker 5>lack of expertise, and that happened over and over again

0:26:01.400 --> 0:26:03.359
<v Speaker 5>throughout the book, and I don't know it just it

0:26:03.440 --> 0:26:06.640
<v Speaker 5>kind of shows that there was very little planning in this,

0:26:06.960 --> 0:26:10.280
<v Speaker 5>in this takeover, and he was just kind of soliciting

0:26:11.160 --> 0:26:13.240
<v Speaker 5>advice from everywhere, including Twitter itself.

0:26:13.480 --> 0:26:16.480
<v Speaker 4>Yeah. I mean, and especially now what we see X

0:26:16.560 --> 0:26:19.880
<v Speaker 4>has become right. I think I wrote a newsletter right

0:26:19.920 --> 0:26:21.800
<v Speaker 4>after the debate a few weeks ago, and I think

0:26:21.800 --> 0:26:23.560
<v Speaker 4>I call it sort of just an extension. It's like

0:26:23.600 --> 0:26:27.679
<v Speaker 4>truth social but X right, it's whatever two point zero

0:26:27.800 --> 0:26:31.280
<v Speaker 4>or something. It really does feel at times like it

0:26:31.359 --> 0:26:37.240
<v Speaker 4>is so politically charged. Politically polarizing. Do you both feel like,

0:26:37.359 --> 0:26:39.600
<v Speaker 4>is are we ever going to go back to maybe

0:26:39.640 --> 0:26:42.359
<v Speaker 4>a world in which politics is like a secondary or

0:26:42.359 --> 0:26:45.520
<v Speaker 4>even further down priority for X. Like where do you

0:26:45.560 --> 0:26:48.200
<v Speaker 4>see this moving forward from a content perspective.

0:26:49.440 --> 0:26:52.840
<v Speaker 7>I mean, I think the comparison to truth Social is apt.

0:26:53.200 --> 0:26:55.399
<v Speaker 7>You know, truth Social is a platform that's all about

0:26:55.520 --> 0:26:58.800
<v Speaker 7>one man, and X is increasingly a platform that's all

0:26:58.800 --> 0:27:01.440
<v Speaker 7>about a different man. It's so funny because I think

0:27:01.480 --> 0:27:05.159
<v Speaker 7>the wisdom of Twitter for a long time was you

0:27:05.200 --> 0:27:07.639
<v Speaker 7>never want to be the main character on Twitter. But

0:27:07.720 --> 0:27:09.600
<v Speaker 7>Elon does want to be the main character on X

0:27:09.640 --> 0:27:12.960
<v Speaker 7>and he often successfully is that. So he really has

0:27:13.040 --> 0:27:18.560
<v Speaker 7>made the platform about himself and I don't see his

0:27:19.240 --> 0:27:22.200
<v Speaker 7>politics taking a back seat at this point. He's really

0:27:22.680 --> 0:27:25.720
<v Speaker 7>thrown himself all into this political crusade.

0:27:26.000 --> 0:27:28.520
<v Speaker 5>Yeah, I would agree. I mean, he just passed two

0:27:28.560 --> 0:27:31.200
<v Speaker 5>hundred million followers and I just opened up the for

0:27:31.359 --> 0:27:33.320
<v Speaker 5>you page just to see what it looked like. And

0:27:33.520 --> 0:27:36.639
<v Speaker 5>he's within the first five tweets or posts every time,

0:27:37.440 --> 0:27:39.880
<v Speaker 5>like he is the one that drives whatever people are

0:27:39.880 --> 0:27:41.160
<v Speaker 5>talking about on the platform.

0:27:41.240 --> 0:27:43.280
<v Speaker 7>Well, I would say too, it's not just like a

0:27:43.359 --> 0:27:47.000
<v Speaker 7>ViBe's approach you know, researchers have documented that the platform

0:27:47.000 --> 0:27:50.800
<v Speaker 7>has shifted significantly to the right, not necessarily because they're

0:27:50.800 --> 0:27:54.120
<v Speaker 7>more right wing users joining, but because more left wing

0:27:54.200 --> 0:27:57.480
<v Speaker 7>users are leaving, you know, And we've also seen really

0:27:57.520 --> 0:28:02.760
<v Speaker 7>significant growth in reach for accounts that he's brought back.

0:28:02.840 --> 0:28:04.760
<v Speaker 7>So like the Alex jones Is of the world that

0:28:04.800 --> 0:28:07.560
<v Speaker 7>he's reinstated on the platform have been able to grow

0:28:07.600 --> 0:28:13.200
<v Speaker 7>their presence really significantly and you know, grow their voice,

0:28:13.280 --> 0:28:16.200
<v Speaker 7>grow their agenda that they're pushing, and so that has

0:28:16.280 --> 0:28:19.520
<v Speaker 7>really changed the tenor of the platform. It's not just

0:28:19.600 --> 0:28:21.960
<v Speaker 7>like I'm opening up my feed and this is what

0:28:22.040 --> 0:28:24.000
<v Speaker 7>I'm seeing based on who I follow, but it is

0:28:24.040 --> 0:28:25.080
<v Speaker 7>sort of like a network.

0:28:25.160 --> 0:28:28.600
<v Speaker 4>Yeah, all right, listen on an Elon question, I'm curious

0:28:28.640 --> 0:28:34.159
<v Speaker 4>how you're for both of you, how your feelings about

0:28:34.160 --> 0:28:39.120
<v Speaker 4>Elon changed through the reporting of your book. Right, I'm

0:28:39.120 --> 0:28:42.080
<v Speaker 4>sure you both followed him closely enough to maybe come

0:28:42.120 --> 0:28:43.880
<v Speaker 4>in with at least some sense of who he was

0:28:43.960 --> 0:28:46.600
<v Speaker 4>and the type of leader he is, the type of

0:28:46.640 --> 0:28:51.360
<v Speaker 4>technologisty is, et cetera. What I imagine all the interviews

0:28:51.440 --> 0:28:53.440
<v Speaker 4>and the research and the things that went into writing

0:28:53.480 --> 0:28:56.440
<v Speaker 4>the book probably changed that perspective. Over time, and I'm

0:28:56.480 --> 0:28:59.360
<v Speaker 4>curious where how it changed it and where you feel

0:28:59.480 --> 0:29:01.760
<v Speaker 4>sort of about Elon Musk.

0:29:02.200 --> 0:29:04.600
<v Speaker 7>I think it disillusioned me a little bit on the

0:29:04.680 --> 0:29:07.280
<v Speaker 7>idea that he has this sort of grand plan. I

0:29:07.280 --> 0:29:10.040
<v Speaker 7>think because you know, I didn't cover him as closely

0:29:10.040 --> 0:29:11.920
<v Speaker 7>as Ryan did prior to the takeover. I was just

0:29:11.960 --> 0:29:14.800
<v Speaker 7>covering Twitter, and he kind of came into that space.

0:29:15.520 --> 0:29:19.040
<v Speaker 7>But you know, I think because there's this big mythos

0:29:19.080 --> 0:29:22.320
<v Speaker 7>around him that he's created of being this self made

0:29:22.320 --> 0:29:25.720
<v Speaker 7>businessman with sort of all these ingenious ideas, I was

0:29:25.800 --> 0:29:29.479
<v Speaker 7>interested in seeing some of that come to fruition. And

0:29:29.960 --> 0:29:32.280
<v Speaker 7>it was interesting to me and I think surprising to

0:29:32.320 --> 0:29:34.480
<v Speaker 7>me to realize how little of a plan he had

0:29:34.480 --> 0:29:36.400
<v Speaker 7>for any of these things. I mean, we talked earlier

0:29:36.400 --> 0:29:39.960
<v Speaker 7>about his decision to make the acquisition, to make the offer,

0:29:40.080 --> 0:29:42.800
<v Speaker 7>and how that was not thought through. His decision to

0:29:43.480 --> 0:29:46.560
<v Speaker 7>launch Twitter Blue and paid verification was not thought through.

0:29:47.360 --> 0:29:49.840
<v Speaker 7>You know. The layoffs when he took over the company

0:29:49.880 --> 0:29:53.600
<v Speaker 7>were absolute mayhem and a chaos, and it was just

0:29:53.680 --> 0:29:57.000
<v Speaker 7>people like scrambling to assemble lists in Google docs, and

0:29:57.040 --> 0:29:59.520
<v Speaker 7>people begging to be put on the layoff list and

0:29:59.520 --> 0:30:02.040
<v Speaker 7>begging to be taken off and people trying to, you know,

0:30:02.320 --> 0:30:05.800
<v Speaker 7>save coworkers who were in the States on a visa

0:30:05.840 --> 0:30:09.160
<v Speaker 7>and needed to continue their employment. Like there was no

0:30:09.440 --> 0:30:11.800
<v Speaker 7>rhyme or reason to any of that. And I think

0:30:11.920 --> 0:30:15.400
<v Speaker 7>to see that over and over again really was revealing

0:30:15.480 --> 0:30:19.520
<v Speaker 7>of how little strategy comes with some of these decisions.

0:30:19.960 --> 0:30:21.720
<v Speaker 4>Ryan went about you for me.

0:30:22.920 --> 0:30:26.600
<v Speaker 5>I've been covering him since about twenty seventeen, twenty eighteen,

0:30:27.240 --> 0:30:29.680
<v Speaker 5>and we all remember twenty eighteen when he does the

0:30:29.680 --> 0:30:34.240
<v Speaker 5>funding Secured tweet and the pedal Guy tweet and ends

0:30:34.280 --> 0:30:36.520
<v Speaker 5>up being sued by the SEC. He ends up being

0:30:36.520 --> 0:30:40.240
<v Speaker 5>sued by the cave rescuer he called the pedophile, and

0:30:40.280 --> 0:30:44.640
<v Speaker 5>he comes out of both things almost scott free. The

0:30:44.800 --> 0:30:50.320
<v Speaker 5>SEC find him personally twenty million dollars. He's found not

0:30:50.440 --> 0:30:54.840
<v Speaker 5>liable for damages in the pedro Guy trial in twenty nineteen,

0:30:55.720 --> 0:30:58.400
<v Speaker 5>and I think he comes out of that just with

0:30:58.480 --> 0:31:01.640
<v Speaker 5>this realization that he's untouched. You know that there is

0:31:01.680 --> 0:31:06.600
<v Speaker 5>no accountability, There's no way of holding someone that rich accountable,

0:31:07.000 --> 0:31:09.480
<v Speaker 5>Like what is a twenty million dollar fine to someone

0:31:09.480 --> 0:31:13.240
<v Speaker 5>who's worth a quarter of a trillion dollars now? And

0:31:13.440 --> 0:31:16.959
<v Speaker 5>we spent two years reporting this book and this, you know,

0:31:17.360 --> 0:31:20.840
<v Speaker 5>reputation destroying incident with the buying of this company, the

0:31:20.880 --> 0:31:24.440
<v Speaker 5>destruction of its value. It's done nothing to him, you know,

0:31:24.480 --> 0:31:28.800
<v Speaker 5>It's it's he's just as rich. He has a new

0:31:28.880 --> 0:31:31.840
<v Speaker 5>AI company that he's built off the corpse of this,

0:31:31.840 --> 0:31:34.880
<v Speaker 5>this social network that is that is now valued at

0:31:34.920 --> 0:31:39.400
<v Speaker 5>twenty eight billion dollars. He has more government regulators looking

0:31:39.440 --> 0:31:42.200
<v Speaker 5>at him than ever, but there's nothing that will hold

0:31:42.240 --> 0:31:46.360
<v Speaker 5>him accountable. And I think that realization has only grown

0:31:46.640 --> 0:31:49.520
<v Speaker 5>through the years, and as we've reported this book, as

0:31:49.520 --> 0:31:52.240
<v Speaker 5>we've reported more on him, to the point where he

0:31:52.360 --> 0:31:57.400
<v Speaker 5>is he's just a character that is just so unique,

0:31:57.520 --> 0:31:59.880
<v Speaker 5>Like there is no one else like him, no one

0:32:00.040 --> 0:32:03.200
<v Speaker 5>else richer than him, and no one else that has

0:32:03.480 --> 0:32:06.040
<v Speaker 5>as much power as him like he is. He's untouchable.

0:32:06.120 --> 0:32:08.520
<v Speaker 5>I don't know what that means for us the society,

0:32:08.520 --> 0:32:10.760
<v Speaker 5>but you know, it's just that's what it is.

0:32:11.320 --> 0:32:13.840
<v Speaker 4>Yeah, Well, a little bit of a bleak way to end,

0:32:13.960 --> 0:32:16.920
<v Speaker 4>but it was a great conversation. The book is called

0:32:17.160 --> 0:32:20.840
<v Speaker 4>Character Limit. It's obviously full of great detailed, great color.

0:32:20.880 --> 0:32:23.040
<v Speaker 4>You guys did a wonderful job, So Ryan Mack and

0:32:23.080 --> 0:32:25.520
<v Speaker 4>Kate Conger, thank you both. For being on elon Ek.

0:32:25.880 --> 0:32:27.480
<v Speaker 5>Thanks Kurt, Thank you Kurt.

0:32:34.600 --> 0:32:37.880
<v Speaker 2>This episode was produced by Stacy Wong. Naomi Shaven and

0:32:37.920 --> 0:32:41.240
<v Speaker 2>Rayhan Harmanci are our senior editors. The idea for this

0:32:41.480 --> 0:32:45.280
<v Speaker 2>very show also came from Rayhun. Blake Maples handles engineering,

0:32:45.360 --> 0:32:49.920
<v Speaker 2>and Bill Elstrom fact checks. Our supervising producer is Magnus Hendrickson.

0:32:50.440 --> 0:32:53.600
<v Speaker 2>The Elonik theme is written and performed by Taka Yazuzawa

0:32:53.640 --> 0:32:57.600
<v Speaker 2>and Alex Sagiera. Brendan Francis Newnham is our executive producer,

0:32:57.800 --> 0:33:01.040
<v Speaker 2>and Sage Bauman is the head of Bloomberg Podcast. Big

0:33:01.080 --> 0:33:04.240
<v Speaker 2>thank you to our supporter Joel Weber. I'm Max Chafkin.

0:33:04.360 --> 0:33:06.480
<v Speaker 2>If you have a minute, rate and review our show,

0:33:06.520 --> 0:33:09.280
<v Speaker 2>it'll help other listeners find us and we will see

0:33:09.280 --> 0:33:16.720
<v Speaker 2>you next week.