WEBVTT - Inside Elon’s Attack on the US Government

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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 2>More than half the satellites in space are owned and

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<v Speaker 2>controlled by one man.

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<v Speaker 3>Well, he's a legitimate super genius. I mean legitimate. He

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<v Speaker 3>says he's always voted for Democrats, but this year it

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<v Speaker 3>will be different.

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<v Speaker 1>He'll vote Republican.

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<v Speaker 3>There is a reason the US government is so reliant

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<v Speaker 3>on him. Elon Musk is a scam artist and he's

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<v Speaker 3>done nothing.

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<v Speaker 2>Anything he does, he's fascinating the people. Welcome to Elon Ink,

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<v Speaker 2>Bloomberg's weekly podcast about Elon Musk. It's Tuesday, February fourth.

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<v Speaker 2>I'm your host, Max Chafkin in for David Papadopoulos. A

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<v Speaker 2>few months ago, many people, although not let's be clear,

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<v Speaker 2>the people on this podcast, were seeing Elon Musk as

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<v Speaker 2>at best sort of a figurehead within the Trump administration,

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<v Speaker 2>somebody who'd be on a blue ribbon panel and would

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<v Speaker 2>mostly spend his time running his six very large, very

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<v Speaker 2>important companies. But the events of the past few days

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<v Speaker 2>have been shocking even to those of us who thought

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<v Speaker 2>that Elon would take a big role. Starting late last week,

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<v Speaker 2>Musk and his Doge team members went out across numerous

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<v Speaker 2>federal departments and armed with Trump's executive orders, began sowing chaos.

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<v Speaker 2>We're going to get into what happened and what might

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<v Speaker 2>come next, and then take a look at how Musk's

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<v Speaker 2>actual businesses are doing with a trade roar at home

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<v Speaker 2>and all of this Musk created chaos and political divisiveness

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<v Speaker 2>here at home. It's a lot to discuss all this.

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<v Speaker 2>We have Bloomberg's elon Musk reporter Dana Hull Hey Dana

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<v Speaker 2>Hey Nax and Bloomberg Politics reporter Ted Man joining us

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<v Speaker 2>from DC Hey, Tedy. And here in New York, Anthony Cormier,

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<v Speaker 2>a investigative reporter who co authored a great story yesterday

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<v Speaker 2>from inside the offices of Musk's attempted takeover of USAID.

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<v Speaker 3>Welcome Anthony, Thanks for having me.

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<v Speaker 2>All right, So, Anthony, you co wrote this story with

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<v Speaker 2>our colleague Jason Leopold.

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<v Speaker 3>It is basically an inside.

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<v Speaker 2>Account on what's kind of like a battle almost that

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<v Speaker 2>played out inside of this us AID, which is a

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<v Speaker 2>big foreign aid office inside the federal government.

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<v Speaker 3>Just tell us what happened as far as you understand.

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<v Speaker 4>It well, And there was a really unusual confrontation in fact,

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<v Speaker 4>on Saturday between a group of what people are calling

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<v Speaker 4>the Doge kids. These are young technologists who seem to

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<v Speaker 4>have an ideological bent that is similar to Elon's. And

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<v Speaker 4>they've been tapped by Musk and this new Doge team

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<v Speaker 4>to go in and look for spending cuts and they

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<v Speaker 4>took aim last week at USID, and so they show

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<v Speaker 4>up on Saturday as the building is empty, and they

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<v Speaker 4>demand access to the entire suite of offices, root around,

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<v Speaker 4>and after some back and forth, one of the members

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<v Speaker 4>of the Dose team calls Elon himself, and Elon gets

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<v Speaker 4>on the phone with the security office of USAID and says, look,

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<v Speaker 4>if you don't let us in, I'm going to call

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<v Speaker 4>the Marshall Service. Which is kind of an extraordinary circumstance,

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<v Speaker 4>kind of an unheard of conversation between these two sides.

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<v Speaker 3>They get in.

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<v Speaker 4>It's our understanding that they do in fact go through offices.

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<v Speaker 4>They're looking, in fact in desk drawers, and ultimately they

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<v Speaker 4>want to get into a security office, a secure facility

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<v Speaker 4>that you need a certain security clearance to get into.

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<v Speaker 4>Security says, no way, you can't do it. One of

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<v Speaker 4>our piece of our reporting suggests that they actually tried

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<v Speaker 4>to open a locked door to this secure facility. There's

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<v Speaker 4>a big blowout, the security officials are put on leave.

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<v Speaker 4>It's unclear at this point where than in fact they

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<v Speaker 4>did get into this office and what they were seeking.

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<v Speaker 2>Okay, so I want to get more into this confrontation

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<v Speaker 2>over the weekend before we do that, Ted, There's been

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<v Speaker 2>a lot happening with DOGE in Washington. We've seen Musk

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<v Speaker 2>sort of go after a handful of targets, the Office

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<v Speaker 2>of Personnel Management, which is like HR for the government

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<v Speaker 2>General Services Administration, which controls I think the buildings the

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<v Speaker 2>Treasury Department's payment system. We talked about that on the

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<v Speaker 2>Emergency podcast over the weekend. Can you just sort of

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<v Speaker 2>put this latest thing into context for us, sure?

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<v Speaker 1>I mean what Anthesy is describing as an especially dramatic

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<v Speaker 1>and colorful version of what has happened at a bunch

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<v Speaker 1>of these other offices you just mentioned, where these landing

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<v Speaker 1>teams of DOGE employees are just showing up and requesting

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<v Speaker 1>access to the basic plumbing systems of the federal government,

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<v Speaker 1>how money moves around, how people get hired, the information

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<v Speaker 1>that is stored about every program and every person who

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<v Speaker 1>works in the federal government. So it really is exactly

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<v Speaker 1>what the executve orders that created this non agency agency promised,

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<v Speaker 1>which is that they've they've given him the keys to

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<v Speaker 1>all the systems, or they're trying to at any rate.

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<v Speaker 1>In some cases, obviously they're having to try to take

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<v Speaker 1>them because they lack the legal authority. But it does

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<v Speaker 1>seem like this is this attempt to kind of get

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<v Speaker 1>over top of the whole machine and figure out how

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<v Speaker 1>it works.

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<v Speaker 3>And Dana, is you on doing anything else of the moment?

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<v Speaker 2>Is he basically just is this like a doze like

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<v Speaker 2>one hundred percent full time right now.

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<v Speaker 5>He did take an hour out of his busy schedule

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<v Speaker 5>last week to like be on Tesla's earning call, but

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<v Speaker 5>he is hunkered down in Washington, d C. His plane

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<v Speaker 5>has been at Dulles for two weeks. And Anthony, what

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<v Speaker 5>kind of really struck me about your story over the

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<v Speaker 5>weekend is kind of the gleeful abandon with which Musk

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<v Speaker 5>and the Doze crew, where kids as some as some

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<v Speaker 5>have called them, are going about this. I listened to

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<v Speaker 5>Elon Musk do his X spaces on Sunday night, and

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<v Speaker 5>he was like very euphoric about about what they had done.

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<v Speaker 6>To be clear, shutting down which we're in the past

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<v Speaker 6>is doing shutting down USAID. The reason for that, as

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<v Speaker 6>opposed to simply, you know, trying to do some minor

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<v Speaker 6>house cleaning, is is that as we dug into USAID,

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<v Speaker 6>it became apparent that what we have here is not

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<v Speaker 6>an apple with a worm in it, but we have

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<v Speaker 6>actually just a bowl of worms.

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<v Speaker 2>He also said, we spent the weekend feeding USAID into

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<v Speaker 2>a wood chipper. Could have gone to some great parties,

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<v Speaker 2>did that instead?

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<v Speaker 5>Yeah, Anthony, I think this is a really important point.

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<v Speaker 5>Like Musk is not a nine to five person. He

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<v Speaker 5>operates a lot on the weekends and a lot late

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<v Speaker 5>at night, and the fact that this kind of confrontation

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<v Speaker 5>happened on a Saturday is just super striking to me.

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<v Speaker 5>I think that's by design. And could you just talk

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<v Speaker 5>a little bit more about like who the doged landing

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<v Speaker 5>team at USA I did is? I mean you and

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<v Speaker 5>Jason and your story actually had like the names of

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<v Speaker 5>these people and many of them are like twenty five

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<v Speaker 5>and under, recent college graduates, young engineers who have worked

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<v Speaker 5>for Elon's other companies. Can you give us a little

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<v Speaker 5>bit more census to who exactly they are. Do they

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<v Speaker 5>have security clearances? Are they special government employees?

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<v Speaker 3>They are all great questions, we think.

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<v Speaker 4>So far, they've been assigned to other government offices, the

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<v Speaker 4>Office of Personnel Management, the GSA, the Small Businesses Administration.

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<v Speaker 4>I believe one of them has been and they all

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<v Speaker 4>seem to have, like I said earlier, an ideological bent

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<v Speaker 4>as far as we can tell. For instance, there's a

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<v Speaker 4>fellow called Gavin Kleeber. He's a twenty something who has

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<v Speaker 4>a blog, and on his blog he expounds on these

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<v Speaker 4>kind of conspiracies about how the CIA was responsible for

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<v Speaker 4>everything that happened to Congressman Matt Getz. There's another individual

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<v Speaker 4>on that that sort of beachhead team that was at usaid.

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<v Speaker 4>This is a person who is a teeal fellow. Right,

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<v Speaker 4>So we're seeing people who come from that sort of strainingly.

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<v Speaker 2>Online right wing conspiratorial ecosystem.

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<v Speaker 3>Right, your words are perfect, right.

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<v Speaker 4>These are the people who sort of believe in that mission,

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<v Speaker 4>whatever you think of it, and they've been hired and

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<v Speaker 4>tasked with many of the similar things. I mean, there's

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<v Speaker 4>a brilliant story in the New York Times about how

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<v Speaker 4>this mirrors what happened at X right that they go

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<v Speaker 4>in and wipe out half the staff and figure it

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<v Speaker 4>out later. And folks at USAID are saying to us, like,

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<v Speaker 4>you can't break malaria coverage, like it's irresponsible to stop

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<v Speaker 4>some of the funding of these measures, and they've to

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<v Speaker 4>use his words, put it in a wood chipper.

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<v Speaker 5>It also really mirrors what happened at TESLA, right, So

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<v Speaker 5>like last spring, Elon Musk fired nearly twenty percent of

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<v Speaker 5>the staff at Tesla and people literally like were going

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<v Speaker 5>to work in the morning and they only knew that

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<v Speaker 5>they had been dismissed because their badges no longer worked

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<v Speaker 5>and they were immediately cut off from all systems. That's

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<v Speaker 5>what's happening at USAID right. Like people that are like

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<v Speaker 5>in missions around the world are like all of a

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<v Speaker 5>sudden like told like that they're fired, but they can't

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<v Speaker 5>even access any kind of system to like get reimbursed

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<v Speaker 5>for they're plane ticket home or like to close out

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<v Speaker 5>what they'd been working on with their partners. I mean,

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<v Speaker 5>people are really like around the globe or left hanging.

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<v Speaker 1>There's medicine on the loading dock in some cases, like

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<v Speaker 1>there's just we've just walked away from real obligations that

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<v Speaker 1>affect real lives.

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<v Speaker 2>TED build on that a little bit, because I don't

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<v Speaker 2>think we've totally established what said stake here, Like, first

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<v Speaker 2>of all, I don't think it's clear that Elon Musk

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<v Speaker 2>has in fact destroyed like he I'm not sure that

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<v Speaker 2>you know, sorry to use the metaphor, but put it

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<v Speaker 2>in the wood chipper. And also like if he were

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<v Speaker 2>to destroy USID, like, what does this organization actually do well?

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<v Speaker 1>I mean, to your first point, there are a lot

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<v Speaker 1>of people who point out he legally lacks the authority

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<v Speaker 1>to destroy USAID was created by a statute. It was,

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<v Speaker 1>you know, a law made this thing. He can't undo

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<v Speaker 1>it by waiving a magic wand at it. The question

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<v Speaker 1>is whether anyone in Washington who opposes this is going

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<v Speaker 1>to stand up to it or going to find a

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<v Speaker 1>way that's effective. And we don't really know the answer

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<v Speaker 1>to that. USADA is broad, and it's like a lot

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<v Speaker 1>of federal agencies where it's it's they all have something

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<v Speaker 1>that we've talked about this before. It's easy to pull

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<v Speaker 1>out and make fun of. You know, there's always some

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<v Speaker 1>budget line for research that sounds stupid if you want

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<v Speaker 1>to make it look like they're just out there wasting money.

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<v Speaker 1>But it's also it's an agency directing soft power by

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<v Speaker 1>funding humanitarian efforts around the world. It's intended from its

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<v Speaker 1>outset to project American benevolence and force in opposition to

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<v Speaker 1>other superpowers, namely Russia and China. So, yeah, that's the

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<v Speaker 1>thing that they have just switched off with no warning.

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<v Speaker 1>It does sound like it's very analogous to what you're

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<v Speaker 1>describing Dana Tesla and what happened at X, but you know,

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<v Speaker 1>it's a little bit different when we're talking about baby formula.

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<v Speaker 2>Yeah, this has come up in a few stories and

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<v Speaker 2>Anthony and maybe it's you've even come across it.

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<v Speaker 3>I'm curious.

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<v Speaker 2>But like the idea that they're using quote unquote AI,

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<v Speaker 2>these these dose kids are using AI to essentially figure

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<v Speaker 2>out what's cut And I feel like, to Ted's point,

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<v Speaker 2>like a lot of these things you do a search

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<v Speaker 2>for them and it sounds pretty bad or it sounds like, oh,

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<v Speaker 2>this is some frivolous thing. But a lot of what

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<v Speaker 2>USAID does is sort of project American influence in the world,

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<v Speaker 2>Like this is this is like a big part of

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<v Speaker 2>our like Foreign Policy and.

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<v Speaker 4>Foreign Policy Magazine once describe usa AIDA's work as trying

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<v Speaker 4>to do good things in bad places. And it's everything

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<v Speaker 4>from again, like HIV treatment in Sub Saharan Africa, it's

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<v Speaker 4>rebuilding Ukraine. They've got there' spent loads of money there,

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<v Speaker 4>appropriate loads of money there. And I think to its critics,

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<v Speaker 4>like their USAID is seen as sort of a front

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<v Speaker 4>for the CIA. I mean, there's not real evidence to support,

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<v Speaker 4>at least in recent years anyway, but you can see

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<v Speaker 4>why it might be a target of folks like Elon

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<v Speaker 4>Musk or Donald Trumptil who have an ideological bent against

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<v Speaker 4>expound our power. And also, like Trump, ran on an

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<v Speaker 4>America first platform, and their argument is going to be

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<v Speaker 4>I think that these programs still serve Americans first. Right,

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<v Speaker 4>No one on this call is going to be the

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<v Speaker 4>beneficiary of a USAID program. But I think you could

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<v Speaker 4>make an argument that like solving famine and poverty in

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<v Speaker 4>developing countries does keep the United States safe. I mean,

0:12:27.200 --> 0:12:30.000
<v Speaker 4>that's like what JFK started this whole thing about, right.

0:12:30.240 --> 0:12:33.760
<v Speaker 4>JFK in nineteen sixty one, to combat some Soviet Union

0:12:34.240 --> 0:12:38.400
<v Speaker 4>essentially said that American security American national security is best

0:12:38.440 --> 0:12:41.480
<v Speaker 4>served by stability across the world. So he starts a

0:12:41.520 --> 0:12:46.520
<v Speaker 4>program that will reduce famine, war, and poverty across the

0:12:46.520 --> 0:12:49.600
<v Speaker 4>world in the hopes that it will keep us safe

0:12:49.600 --> 0:12:52.040
<v Speaker 4>here at home. And I think that's what soft power

0:12:52.080 --> 0:12:52.400
<v Speaker 4>looks like.

0:12:57.440 --> 0:13:01.440
<v Speaker 2>So we've seen a couple of congress people, Senator Roger

0:13:01.480 --> 0:13:05.280
<v Speaker 2>rit Wicker of Mississippi kind of pushback gently. He said

0:13:05.520 --> 0:13:08.240
<v Speaker 2>he'd seen usaid kind of to your point, Anthony as

0:13:08.360 --> 0:13:11.320
<v Speaker 2>quote our way of combating the Belton Road initiative, that's

0:13:11.360 --> 0:13:14.360
<v Speaker 2>like the Chinese equivalent of soft power. We've also seen

0:13:14.400 --> 0:13:18.240
<v Speaker 2>Democrats push back, probably even more strongly. Let's play a

0:13:18.240 --> 0:13:19.760
<v Speaker 2>clip from Senator Bryan Shatz.

0:13:20.200 --> 0:13:24.200
<v Speaker 7>You cannot wave away an agency that you don't like

0:13:24.480 --> 0:13:28.360
<v Speaker 7>or that you disagree with by executive order or by

0:13:28.440 --> 0:13:32.800
<v Speaker 7>literally storming into the building and taking over the servers.

0:13:33.200 --> 0:13:35.880
<v Speaker 2>Yeah, that's kind of where the Democrats are, Dana, do

0:13:35.960 --> 0:13:39.640
<v Speaker 2>we have a sense of where President Trump is here?

0:13:39.679 --> 0:13:41.760
<v Speaker 2>I mean this has been kind of a running theme,

0:13:41.880 --> 0:13:44.360
<v Speaker 2>like how like plugged in, is President Trump here? How

0:13:44.600 --> 0:13:48.120
<v Speaker 2>was he like, Yeah, Elon, go go destroy usaid, go

0:13:48.160 --> 0:13:50.240
<v Speaker 2>put in the woodshipper, or did Elon kind of do

0:13:50.360 --> 0:13:51.120
<v Speaker 2>this on his own.

0:13:51.559 --> 0:13:54.400
<v Speaker 5>I think that Elon did it with Trump's blessing. I

0:13:54.440 --> 0:13:56.200
<v Speaker 5>think that there was a comment from Trump at one

0:13:56.200 --> 0:13:59.440
<v Speaker 5>of the briefings that Elon can't do everything that he wants,

0:13:59.480 --> 0:14:02.559
<v Speaker 5>but he checks in and like this was okay. Marco

0:14:02.640 --> 0:14:05.880
<v Speaker 5>Rubio yesterday said that now parts of USAID are going

0:14:05.920 --> 0:14:08.240
<v Speaker 5>to be sort of absorbed into the State Department. So

0:14:08.880 --> 0:14:12.560
<v Speaker 5>this is not Elon going rogue. Elon Musks thinks that

0:14:12.720 --> 0:14:15.160
<v Speaker 5>he has a mandate to do this, and until the

0:14:15.200 --> 0:14:18.040
<v Speaker 5>Trump administration stops him, he is not going to stop.

0:14:18.400 --> 0:14:21.720
<v Speaker 5>I think what has surprised people is like the speed

0:14:22.160 --> 0:14:24.640
<v Speaker 5>with which he is doing it. It's almost like watching

0:14:24.720 --> 0:14:27.760
<v Speaker 5>like a foreign nation get sacked, where like they take

0:14:28.080 --> 0:14:31.000
<v Speaker 5>like city over city over city, and they're going agency

0:14:31.000 --> 0:14:33.160
<v Speaker 5>by agency by agency. And I think that they've had

0:14:33.200 --> 0:14:35.800
<v Speaker 5>this plan in the works for months. And I'm also

0:14:35.880 --> 0:14:39.720
<v Speaker 5>super interested in how Doge is working with either in

0:14:39.760 --> 0:14:42.800
<v Speaker 5>tandem or in parallel with the folks at omb and

0:14:42.960 --> 0:14:46.120
<v Speaker 5>Ross Voyd and Project twenty twenty five, Like these are

0:14:46.240 --> 0:14:48.120
<v Speaker 5>very similar objectives.

0:14:48.640 --> 0:14:48.880
<v Speaker 3>Yeah.

0:14:48.880 --> 0:14:50.760
<v Speaker 2>Absolutely, And I think we're gonna we're gonna have to

0:14:50.760 --> 0:14:53.320
<v Speaker 2>talk about Russ Vaught at some point on this podcast.

0:14:53.560 --> 0:14:55.760
<v Speaker 2>I wanted to play one more clip from that very

0:14:55.880 --> 0:15:00.480
<v Speaker 2>surreal Twitter spaces. You know, first of all, the who

0:15:00.520 --> 0:15:02.640
<v Speaker 2>is out at Dose just like showed up as a

0:15:02.640 --> 0:15:04.800
<v Speaker 2>co host, which was sort of weird and amusing, and

0:15:05.200 --> 0:15:08.480
<v Speaker 2>there was this like slightly awkward vibe I thought between

0:15:08.480 --> 0:15:10.520
<v Speaker 2>the two men. And then there was also this moment

0:15:10.560 --> 0:15:15.280
<v Speaker 2>where Musk actually spoke to his kind of relationship with

0:15:15.400 --> 0:15:17.800
<v Speaker 2>President Trump. Let's just listen to that real quick.

0:15:17.720 --> 0:15:19.240
<v Speaker 6>And this could be done without the full support of

0:15:19.240 --> 0:15:22.720
<v Speaker 6>the President and with regard to the USA, I do stuff.

0:15:22.720 --> 0:15:24.920
<v Speaker 3>I went went over with him, you know, in.

0:15:24.880 --> 0:15:28.680
<v Speaker 6>Detail, and he agreed with the that we should we

0:15:28.680 --> 0:15:30.960
<v Speaker 6>should shut it down. I mean, that's want to be clear,

0:15:31.040 --> 0:15:34.680
<v Speaker 6>that's and I actually checked with him a few times.

0:15:35.360 --> 0:15:38.200
<v Speaker 3>Are you sure, like yes, so we're shutting it down?

0:15:38.800 --> 0:15:41.880
<v Speaker 2>Ted, Did you take that as Musk having Trump's full

0:15:41.920 --> 0:15:44.200
<v Speaker 2>and complete endorsement or whatever? Like there was something a

0:15:44.200 --> 0:15:46.800
<v Speaker 2>little bit like like protest too much to me about

0:15:46.840 --> 0:15:48.520
<v Speaker 2>Like I asked him once and he said yes. Then

0:15:48.520 --> 0:15:50.000
<v Speaker 2>I asked him again and he said, like it just

0:15:50.200 --> 0:15:52.040
<v Speaker 2>I don't know, there was something about that. And I

0:15:52.080 --> 0:15:55.200
<v Speaker 2>also just sort of wondering, you know, we're seeing Congress

0:15:55.240 --> 0:16:00.280
<v Speaker 2>people senators and House members make statements, do you sense

0:16:00.360 --> 0:16:03.240
<v Speaker 2>any kind of political blowback or even the beginnings of

0:16:03.880 --> 0:16:06.360
<v Speaker 2>political blowback, either from Republicans or Democrats.

0:16:06.680 --> 0:16:09.560
<v Speaker 1>I don't know how much Musk was sensing blowback in

0:16:09.640 --> 0:16:11.880
<v Speaker 1>that moment when he said that, it's certainly I hear

0:16:11.920 --> 0:16:14.120
<v Speaker 1>it the same way that if the blowback is coming,

0:16:14.120 --> 0:16:17.160
<v Speaker 1>he's reminding everybody that the leader of their group, of

0:16:17.240 --> 0:16:19.400
<v Speaker 1>their movement approves of what he's doing, or at least

0:16:19.400 --> 0:16:22.160
<v Speaker 1>has given him the whip hand. But there is blowback coming.

0:16:22.440 --> 0:16:25.000
<v Speaker 1>Like Bill Cassidy is a center from Louisiana, he's also

0:16:25.040 --> 0:16:27.680
<v Speaker 1>a doctor, and I think it was earlier today, if

0:16:27.680 --> 0:16:30.040
<v Speaker 1>not yesterday, he was criticizing the fact that this is

0:16:30.080 --> 0:16:33.680
<v Speaker 1>shut down PEPFAR, which is probably the most successful public

0:16:33.720 --> 0:16:37.080
<v Speaker 1>health initiative certainly of the last half century, which is

0:16:37.120 --> 0:16:39.840
<v Speaker 1>also a Republican program. It's a Bush program. People are

0:16:39.840 --> 0:16:42.480
<v Speaker 1>starting to grapple with the consequences, and it's not just

0:16:42.560 --> 0:16:46.360
<v Speaker 1>Democrats complaining. I think Musk probably is aware that he's

0:16:46.360 --> 0:16:48.360
<v Speaker 1>going to have to sort of defend some of this

0:16:48.400 --> 0:16:50.360
<v Speaker 1>stuff if he wants it to stick. I would just

0:16:50.400 --> 0:16:52.760
<v Speaker 1>point out, though I think you used the word glee earlier.

0:16:53.320 --> 0:16:55.640
<v Speaker 1>There is like on the subject of russ Vote, like

0:16:55.680 --> 0:16:57.800
<v Speaker 1>in the way that the DOGE people are talking to

0:16:58.240 --> 0:17:02.200
<v Speaker 1>the civil servants who are going after the weird shot

0:17:02.280 --> 0:17:05.520
<v Speaker 1>at all of them in the offer of the retirement package,

0:17:05.520 --> 0:17:07.480
<v Speaker 1>where they said, we'd like to move you from low

0:17:07.680 --> 0:17:11.280
<v Speaker 1>productivity public sector work into the private sector. Like this

0:17:11.400 --> 0:17:14.080
<v Speaker 1>disdain for anyone who works for the government is a

0:17:14.119 --> 0:17:17.199
<v Speaker 1>connective tissue to the rest of MAGA. That's the way

0:17:17.320 --> 0:17:20.879
<v Speaker 1>russ Vote has spoken about wanting every civil servant to

0:17:20.920 --> 0:17:23.120
<v Speaker 1>feel like a villain and to not want to go

0:17:23.160 --> 0:17:25.520
<v Speaker 1>to work in the morning. And there is this shared

0:17:25.960 --> 0:17:29.760
<v Speaker 1>antipathy for the government worker has a type, and I

0:17:29.760 --> 0:17:31.800
<v Speaker 1>think that that is the way at least right now

0:17:31.800 --> 0:17:33.040
<v Speaker 1>where they're working in harmony.

0:17:33.520 --> 0:17:36.280
<v Speaker 2>Yeah, Anthony, I was curious if that came up in

0:17:36.320 --> 0:17:40.000
<v Speaker 2>your reporting, just the extent to which part of the

0:17:40.040 --> 0:17:42.800
<v Speaker 2>goal here seems to be the performance as much as

0:17:42.800 --> 0:17:47.119
<v Speaker 2>it is the actual like actually cutting these programs, but

0:17:47.320 --> 0:17:51.080
<v Speaker 2>to make civil servants feel bad or something like that.

0:17:51.280 --> 0:17:53.800
<v Speaker 4>No, not as much as not explicitly. The thing that

0:17:53.840 --> 0:17:57.120
<v Speaker 4>did come up is a real lack of transparency. It's

0:17:57.200 --> 0:18:00.720
<v Speaker 4>very difficult for us to understand who in fact works

0:18:00.760 --> 0:18:03.639
<v Speaker 4>for doughe like, what are they do? Like, how are

0:18:03.640 --> 0:18:06.480
<v Speaker 4>they communicating with one another? Like my colleague, you guys

0:18:06.480 --> 0:18:10.760
<v Speaker 4>probably know Chas Leopold is the most aggressive user of

0:18:10.800 --> 0:18:13.959
<v Speaker 4>the Freedom of Information Act. And I am sure we

0:18:14.000 --> 0:18:16.640
<v Speaker 4>will be litigating some of these issues, but I am

0:18:16.680 --> 0:18:20.240
<v Speaker 4>struck by the lack of complete transparency. I mean, it's

0:18:20.240 --> 0:18:24.119
<v Speaker 4>happening on a social media platform that the great world's

0:18:24.200 --> 0:18:27.640
<v Speaker 4>richest man owns, Like he's setting and explaining public policy

0:18:28.240 --> 0:18:31.439
<v Speaker 4>on an all on a business that he owns. That

0:18:31.520 --> 0:18:35.439
<v Speaker 4>does not strike me as being businesses as usual.

0:18:35.640 --> 0:18:37.760
<v Speaker 2>Yeah, to the point about lack of transparency, We've seen

0:18:37.800 --> 0:18:41.480
<v Speaker 2>reports saying that these doge kids are will.

0:18:41.440 --> 0:18:42.880
<v Speaker 3>Like refusing to give their last name.

0:18:43.000 --> 0:18:45.440
<v Speaker 2>So like many of the people at these agencies don't

0:18:45.440 --> 0:18:48.719
<v Speaker 2>even know who they're dealing with. And just to be clear, like,

0:18:48.880 --> 0:18:52.840
<v Speaker 2>legally Elon cannot shut down usaid ted you kind of

0:18:52.880 --> 0:18:55.160
<v Speaker 2>you said it, but I just want to establish that, right.

0:18:55.440 --> 0:18:58.280
<v Speaker 1>Yeah, that's certainly the argument you hear from every Democrat

0:18:58.320 --> 0:19:01.040
<v Speaker 1>in Congress I've heard talk about this to say, Look,

0:19:01.800 --> 0:19:04.280
<v Speaker 1>he's got an executive order saying that he can recommend

0:19:04.359 --> 0:19:06.199
<v Speaker 1>changes to the government, but that doesn't mean that he

0:19:06.240 --> 0:19:08.280
<v Speaker 1>can go in and remove something that is in the

0:19:08.320 --> 0:19:11.240
<v Speaker 1>Statutes of the United States that was created by law.

0:19:11.600 --> 0:19:13.480
<v Speaker 1>But that's going to be something where I think every

0:19:13.480 --> 0:19:16.600
<v Speaker 1>indication is they're going to dare the other side to

0:19:16.640 --> 0:19:18.120
<v Speaker 1>fight them and to take it to court.

0:19:18.160 --> 0:19:22.639
<v Speaker 2>And anthony this kind of these tactics, this kind of playbook.

0:19:22.880 --> 0:19:25.440
<v Speaker 2>Do we have any sense of whether it has been

0:19:25.480 --> 0:19:28.800
<v Speaker 2>replicated at any other federal agencies or whether we expect

0:19:28.800 --> 0:19:31.760
<v Speaker 2>to see the same kind of approach anywhere else within

0:19:31.800 --> 0:19:32.159
<v Speaker 2>the government.

0:19:32.240 --> 0:19:32.760
<v Speaker 3>Yeah, I think so.

0:19:33.720 --> 0:19:36.840
<v Speaker 4>We don't know yet where they've gone, but we do

0:19:36.960 --> 0:19:41.639
<v Speaker 4>know we understand that one of the main DOGE kids,

0:19:41.680 --> 0:19:43.760
<v Speaker 4>for lack of a better word, is a guy called

0:19:43.800 --> 0:19:47.119
<v Speaker 4>Gavin Kleeger, and his name has not been copied on

0:19:47.440 --> 0:19:50.880
<v Speaker 4>a number of other emails to other agencies. So the

0:19:51.000 --> 0:19:53.800
<v Speaker 4>thought is from people who work at these agencies, if

0:19:53.800 --> 0:19:57.320
<v Speaker 4>we're not now we're next right, that they are priming

0:19:57.359 --> 0:19:59.920
<v Speaker 4>the pump, so to speak, to come knock on our

0:20:00.119 --> 0:20:03.320
<v Speaker 4>door in the future. So it doesn't seem to end

0:20:03.359 --> 0:20:06.840
<v Speaker 4>with USAID or GSA or oh PM. It looks like

0:20:07.600 --> 0:20:10.920
<v Speaker 4>this is going to be a step by step process.

0:20:11.080 --> 0:20:13.840
<v Speaker 2>As you guys are saying, they're going to be more

0:20:13.840 --> 0:20:15.080
<v Speaker 2>of these standoffs.

0:20:15.080 --> 0:20:17.440
<v Speaker 3>We're going to be following it. Anthony, hope to.

0:20:17.359 --> 0:20:19.520
<v Speaker 2>Have you back to talk about as you as you

0:20:19.600 --> 0:20:21.080
<v Speaker 2>and your colleagues follow these stories.

0:20:21.240 --> 0:20:23.000
<v Speaker 3>Thanks again for being with us, Thanks for having me.

0:20:27.840 --> 0:20:32.240
<v Speaker 2>All right, let's talk about the impact that these very

0:20:32.359 --> 0:20:36.720
<v Speaker 2>well publicized antics and potentially consequential handtics are having on

0:20:36.880 --> 0:20:37.840
<v Speaker 2>Musk's businesses.

0:20:38.160 --> 0:20:40.000
<v Speaker 3>You know, we have talked over and.

0:20:39.960 --> 0:20:42.520
<v Speaker 2>Over again on this podcast, Dana will know ted you

0:20:42.560 --> 0:20:44.240
<v Speaker 2>may have even picked up a hint of it because

0:20:44.240 --> 0:20:47.440
<v Speaker 2>it comes up so often about the prospect that Musk's

0:20:47.520 --> 0:20:52.400
<v Speaker 2>politicking will somehow hurt Tesla. David Popadopolis is like obsessed

0:20:52.400 --> 0:20:54.920
<v Speaker 2>with this question. He's always trying to force Dana to

0:20:55.520 --> 0:20:58.000
<v Speaker 2>admit that that maybe there's an impact.

0:20:58.119 --> 0:20:59.880
<v Speaker 3>And Dan, I think we've got it now, right.

0:21:00.080 --> 0:21:05.440
<v Speaker 2>Tesla's sales declined in California pretty significantly, the Model three,

0:21:05.800 --> 0:21:08.800
<v Speaker 2>especially down by like a third. Are we ready to

0:21:08.840 --> 0:21:12.920
<v Speaker 2>start saying, hey, like Tesla's sales may be suffering because

0:21:12.960 --> 0:21:14.240
<v Speaker 2>of Elon Musk's politics.

0:21:14.520 --> 0:21:18.040
<v Speaker 5>Yes, I would just caution that Tesla gets like like

0:21:18.080 --> 0:21:21.520
<v Speaker 5>forty percent of Tesla's sales are in China, and it

0:21:21.600 --> 0:21:24.800
<v Speaker 5>is a global auto market, and for every person that says,

0:21:24.920 --> 0:21:27.080
<v Speaker 5>I hate Elon Musket as politics. I'm never going to

0:21:27.119 --> 0:21:30.200
<v Speaker 5>buy a Tesla, Like people don't buy cars in the

0:21:30.240 --> 0:21:33.200
<v Speaker 5>same way that they buy like bud Light or shop

0:21:33.359 --> 0:21:36.280
<v Speaker 5>Target versus Costco. But yes, you are seeing people trade

0:21:36.280 --> 0:21:39.240
<v Speaker 5>in their Tesla's four rivians. You saw sales dip in

0:21:39.280 --> 0:21:41.600
<v Speaker 5>the in particularly in California, which is like the most

0:21:41.600 --> 0:21:45.040
<v Speaker 5>mature ev market in the country. You're seeing people's spray

0:21:45.080 --> 0:21:48.560
<v Speaker 5>paint stuff on the side of cyber trucks and vandalized stores,

0:21:48.640 --> 0:21:51.920
<v Speaker 5>and like you are seeing those sort of goofy bumper stickers.

0:21:51.960 --> 0:21:55.040
<v Speaker 5>I bought my Tesla before Elon went crazy, Like more

0:21:55.440 --> 0:21:56.360
<v Speaker 5>are more common now.

0:21:56.640 --> 0:21:59.640
<v Speaker 2>The cyber truck in particular is almost like a rolling

0:22:00.040 --> 0:22:04.360
<v Speaker 2>bodiment of the dynamic that we discussed earlier. Right, it's

0:22:04.359 --> 0:22:07.440
<v Speaker 2>like two big, it's sort of like bullying the road.

0:22:07.480 --> 0:22:10.880
<v Speaker 2>Like it almost feels like that car in particular sort

0:22:10.880 --> 0:22:14.840
<v Speaker 2>of increasing this sense of Elon as a political figure

0:22:15.000 --> 0:22:16.520
<v Speaker 2>in a way that if they had, you know, had

0:22:16.520 --> 0:22:20.000
<v Speaker 2>a nice much smaller car, like a little smart car

0:22:20.080 --> 0:22:22.280
<v Speaker 2>type thing, maybe maybe it would it would counter it.

0:22:22.560 --> 0:22:25.080
<v Speaker 1>I think the cyber truck is the magahead of the

0:22:25.200 --> 0:22:28.960
<v Speaker 1>musk movement. It's a provocation, like you are asking for

0:22:29.000 --> 0:22:30.760
<v Speaker 1>the eyeball to even drive it down the street.

0:22:31.000 --> 0:22:31.760
<v Speaker 3>Yeah. Absolutely.

0:22:31.880 --> 0:22:35.600
<v Speaker 2>And also what's crazy about these sales numbers in the

0:22:35.720 --> 0:22:38.720
<v Speaker 2>US anyway, is that they Tesla had a new model,

0:22:38.840 --> 0:22:42.520
<v Speaker 2>essentially like a cyber truck is relatively new, and so

0:22:42.520 --> 0:22:45.520
<v Speaker 2>so the fact that the sales are falling despite the

0:22:45.560 --> 0:22:49.080
<v Speaker 2>cyber truck, or maybe because of it, seems doubly concerning

0:22:49.280 --> 0:22:52.480
<v Speaker 2>ted Let's let's let's stay with you and and move

0:22:52.480 --> 0:22:55.600
<v Speaker 2>on to tariffs, because we've seen this kind of Trump

0:22:55.640 --> 0:22:58.479
<v Speaker 2>sort of threatened tariffs against Canada Mexico and then quickly

0:22:58.760 --> 0:23:02.399
<v Speaker 2>reverse course. We have the prospect of tariffs on China.

0:23:02.600 --> 0:23:05.680
<v Speaker 2>And you wrote a story for Bloomberg over the EV

0:23:05.960 --> 0:23:10.480
<v Speaker 2>graphite and the prospect of much much greater tariffs on graphite,

0:23:10.480 --> 0:23:13.440
<v Speaker 2>which is necessary, I believe to make batteries. Where does

0:23:13.480 --> 0:23:17.920
<v Speaker 2>that stand and how big a deal is it for Tesla.

0:23:18.400 --> 0:23:20.800
<v Speaker 1>It's a potentially big guilt for all the EV makers,

0:23:20.880 --> 0:23:23.280
<v Speaker 1>especially Tesla, as well as just the battery companies too.

0:23:23.440 --> 0:23:26.480
<v Speaker 1>This is an interesting example that we chose partly because

0:23:26.480 --> 0:23:29.400
<v Speaker 1>it starts in the first Trump term, when Trump imposed

0:23:29.480 --> 0:23:31.760
<v Speaker 1>duties on imports from China. One of the things that

0:23:31.800 --> 0:23:35.240
<v Speaker 1>got hit in that first wave was graphite, which is

0:23:35.280 --> 0:23:40.399
<v Speaker 1>needed in huge quantities and a great purity to make battery.

0:23:40.480 --> 0:23:42.840
<v Speaker 1>Sells the anode of a battery, so a ton of

0:23:42.880 --> 0:23:45.560
<v Speaker 1>it gets imported, including by Tesla, also by Panasonic and

0:23:45.600 --> 0:23:48.439
<v Speaker 1>other battery makers. They were hit with this duty the

0:23:48.480 --> 0:23:52.040
<v Speaker 1>first time around when Trump imposed tariffs on China. They

0:23:52.160 --> 0:23:55.680
<v Speaker 1>successfully Tesla succesfully lobbied for an exclusion. In other words,

0:23:55.720 --> 0:23:58.600
<v Speaker 1>they got to not pay the tariff, which was raising

0:23:58.640 --> 0:24:02.240
<v Speaker 1>their input costs for this this material that they desperately needed.

0:24:02.760 --> 0:24:05.480
<v Speaker 1>Under the Biden administration, where Biden kept some of those

0:24:05.520 --> 0:24:08.600
<v Speaker 1>tariffs in place, you could petition to have your exclusion

0:24:08.680 --> 0:24:12.280
<v Speaker 1>continued and renewed, and they lost theirs. They failed to

0:24:12.280 --> 0:24:15.040
<v Speaker 1>get the renewal, so now they're paying a twenty five

0:24:15.080 --> 0:24:18.880
<v Speaker 1>percent duty on the graphight that they import. The issue here, though,

0:24:19.080 --> 0:24:23.880
<v Speaker 1>is the domestic graphight producers in the United States are

0:24:23.920 --> 0:24:27.679
<v Speaker 1>seeking a much much larger tariff on that material coming in.

0:24:27.800 --> 0:24:31.320
<v Speaker 1>They say there's no chance that a big industry that

0:24:31.359 --> 0:24:34.280
<v Speaker 1>we will really need for EVS but also for the

0:24:34.400 --> 0:24:36.920
<v Speaker 1>energy transition, because you'll need a lot of energy storage

0:24:36.960 --> 0:24:39.640
<v Speaker 1>systems will never be able to produce that raw material

0:24:39.720 --> 0:24:43.200
<v Speaker 1>if China is flooding the market with super low cost,

0:24:43.359 --> 0:24:46.600
<v Speaker 1>improperly low cost graphite, So they're asking for more than

0:24:46.680 --> 0:24:50.600
<v Speaker 1>nine hundred percent tariffs on graphite imports, and Tesla is

0:24:50.920 --> 0:24:54.280
<v Speaker 1>lobbying against that, which we just found. It's pretty interesting, right,

0:24:54.280 --> 0:24:57.679
<v Speaker 1>this is Donald Trump's favorite rich guy and Donald Trump's

0:24:58.080 --> 0:25:01.520
<v Speaker 1>almost only economic theory, which is just imposing tariffs on

0:25:01.680 --> 0:25:05.000
<v Speaker 1>everybody else and then you'll get a revival of American manufacturing.

0:25:05.000 --> 0:25:07.200
<v Speaker 1>And the two are directly at loggerheads.

0:25:07.560 --> 0:25:11.199
<v Speaker 2>Tesla is in certain ways almost like a Chinese car company,

0:25:11.240 --> 0:25:13.640
<v Speaker 2>or it's like an American company and a Chinese car

0:25:13.680 --> 0:25:16.320
<v Speaker 2>company married together or something. And as Ted is kind

0:25:16.320 --> 0:25:19.040
<v Speaker 2>of hinting at, you know, it's not just the tariffs

0:25:19.040 --> 0:25:20.760
<v Speaker 2>are a big issue for Trump, but China is a

0:25:20.760 --> 0:25:23.520
<v Speaker 2>big issue. I mean where do you have any sense

0:25:23.600 --> 0:25:28.280
<v Speaker 2>of like where and how Tesla could be hurt by

0:25:29.359 --> 0:25:33.159
<v Speaker 2>Trump's approach to China, whether he's he takes a harder

0:25:33.200 --> 0:25:35.879
<v Speaker 2>line than Biden or maybe a sort of lighter touch.

0:25:36.200 --> 0:25:38.720
<v Speaker 5>Well, Tesla is in better shape that other car companies

0:25:38.800 --> 0:25:41.679
<v Speaker 5>in terms of tariffs, just because they most of you know,

0:25:41.720 --> 0:25:43.760
<v Speaker 5>the cars that they sell in the United States, they

0:25:43.840 --> 0:25:45.440
<v Speaker 5>make in the United States, and they have a very

0:25:45.480 --> 0:25:49.159
<v Speaker 5>high percentage of American content. They are not making cars

0:25:49.160 --> 0:25:52.239
<v Speaker 5>in Mexico. They're not importing a lot from Canada. Like,

0:25:52.280 --> 0:25:54.640
<v Speaker 5>they have a very domestic supply chain, which is why

0:25:54.640 --> 0:25:55.520
<v Speaker 5>they benefit so much.

0:25:55.760 --> 0:25:57.280
<v Speaker 3>They make all their parts or most of them.

0:25:57.320 --> 0:25:59.800
<v Speaker 5>Yeah, and it's why they actually benefit quite so much

0:25:59.800 --> 0:26:02.840
<v Speaker 5>from Biden's inflation Production Act is because they have so

0:26:02.960 --> 0:26:07.359
<v Speaker 5>much domestic content and domestic manufacturing. But with China, like

0:26:07.720 --> 0:26:12.280
<v Speaker 5>the plant in Shanghai exports those vehicles to Europe and

0:26:12.440 --> 0:26:16.320
<v Speaker 5>to Canada and is the most productive factory that they

0:26:16.320 --> 0:26:19.080
<v Speaker 5>have on the globe. And so as the trade war

0:26:19.119 --> 0:26:22.200
<v Speaker 5>evolves and like other nations get involved, like if Europe

0:26:22.240 --> 0:26:24.960
<v Speaker 5>gets dragged in, you could just see it having like

0:26:25.040 --> 0:26:29.440
<v Speaker 5>longer repercussions. But I think that like Musk is kind

0:26:29.440 --> 0:26:32.480
<v Speaker 5>of okay with tariffs because it hurts his competitors more

0:26:32.520 --> 0:26:35.200
<v Speaker 5>than it hurts him. I don't think Elon really cares though.

0:26:35.280 --> 0:26:39.760
<v Speaker 2>I do think though, that Musk cares about his companies,

0:26:39.920 --> 0:26:44.080
<v Speaker 2>and I think that as much as he's political, and

0:26:44.160 --> 0:26:47.480
<v Speaker 2>I will point out like he's had some real wins,

0:26:47.600 --> 0:26:51.680
<v Speaker 2>wins for his companies. So the new head of NASA

0:26:52.359 --> 0:26:55.560
<v Speaker 2>is a big fan at Elon Musk. The guy who's

0:26:55.560 --> 0:26:58.639
<v Speaker 2>gonna run the Air Force is a guy that Musk wanted,

0:26:58.760 --> 0:27:03.480
<v Speaker 2>and like these these are potential buyers of SpaceX's services.

0:27:03.600 --> 0:27:06.080
<v Speaker 2>I mean ted to me like one of the ways

0:27:06.080 --> 0:27:10.200
<v Speaker 2>that we're going to evaluate Elon's sort of performance in government,

0:27:10.560 --> 0:27:13.200
<v Speaker 2>there will be the doge metrics how much money did

0:27:13.200 --> 0:27:15.560
<v Speaker 2>he does he say cut? And then also like how

0:27:15.560 --> 0:27:17.560
<v Speaker 2>does it help his companies? I mean, where do you

0:27:17.600 --> 0:27:21.280
<v Speaker 2>think he stands right now? Like in terms of if

0:27:21.320 --> 0:27:23.959
<v Speaker 2>you were just looking this as a transactional thing, like

0:27:24.200 --> 0:27:26.200
<v Speaker 2>what is he getting for all of this?

0:27:27.040 --> 0:27:29.440
<v Speaker 3>Do you think he's gotten anything? A lot, a little.

0:27:29.880 --> 0:27:31.879
<v Speaker 1>I would answer that question by pointing you to the

0:27:31.920 --> 0:27:35.320
<v Speaker 1>story that our Collie Kelsey Griffiths reported last night, which

0:27:35.359 --> 0:27:38.800
<v Speaker 1>is that the Trump folks are bringing in a critic

0:27:38.840 --> 0:27:42.520
<v Speaker 1>of the Biden era broadband rollout, which has been delayed

0:27:42.560 --> 0:27:45.840
<v Speaker 1>and subject of controversy. That's a forty two billion dollars

0:27:45.840 --> 0:27:48.800
<v Speaker 1>pot of money that was not designed to just go

0:27:48.880 --> 0:27:50.760
<v Speaker 1>to starlink and they're not going to give it all

0:27:50.800 --> 0:27:53.639
<v Speaker 1>the month, but they're bringing in someone who didn't like

0:27:53.720 --> 0:27:56.639
<v Speaker 1>the program that he didn't like, who will presumably approach

0:27:56.640 --> 0:27:59.440
<v Speaker 1>it in a different fashion and will give him a

0:27:59.440 --> 0:28:02.159
<v Speaker 1>better opportunit getting some of that federal money. So I

0:28:02.200 --> 0:28:06.280
<v Speaker 1>think that that's the approach that we should expect him

0:28:06.280 --> 0:28:09.200
<v Speaker 1>to continue, taking a Dana, your point is well taken

0:28:09.280 --> 0:28:13.200
<v Speaker 1>that he's willing to have there be short term chaos

0:28:13.240 --> 0:28:16.680
<v Speaker 1>and pain and to do things that are not immediately

0:28:16.720 --> 0:28:20.200
<v Speaker 1>to his you know, you know, benefit on day two.

0:28:20.840 --> 0:28:23.320
<v Speaker 1>But I also do think that there's this sense that,

0:28:23.720 --> 0:28:26.200
<v Speaker 1>as you said, that there will be more contracts.

0:28:25.680 --> 0:28:28.640
<v Speaker 5>Elon gets the trough no matter what Biden is president,

0:28:29.080 --> 0:28:31.439
<v Speaker 5>Like this fire hose of money in the form of

0:28:31.440 --> 0:28:34.680
<v Speaker 5>the Inflation Reduction Act is like aimed squarely at Tesla.

0:28:35.080 --> 0:28:38.440
<v Speaker 5>Trump gets elected, like now we're going to see maybe

0:28:38.440 --> 0:28:41.760
<v Speaker 5>more contracts for Starlink. Like no matter who's in power,

0:28:41.880 --> 0:28:45.520
<v Speaker 5>Elon wins. And it's because, frankly, his companies are the best,

0:28:45.680 --> 0:28:49.520
<v Speaker 5>Like SpaceX is the low cost provider that has conquered

0:28:49.560 --> 0:28:53.440
<v Speaker 5>the launch market, Tesla is the most profitable ev maker

0:28:53.560 --> 0:28:56.840
<v Speaker 5>in the United States, and and Elon has you know,

0:28:57.480 --> 0:29:01.000
<v Speaker 5>he's played both sides like throughout his career very adroitly.

0:29:02.160 --> 0:29:05.640
<v Speaker 2>I just want to end with sort of asking guys

0:29:05.640 --> 0:29:07.960
<v Speaker 2>to look ahead a little bit and sort of say,

0:29:08.560 --> 0:29:09.840
<v Speaker 2>what do each of you think we're going to be

0:29:09.880 --> 0:29:13.040
<v Speaker 2>talking about on the subject of Elon Musk and the

0:29:13.040 --> 0:29:17.400
<v Speaker 2>government next week? Which agency I guess is the next

0:29:17.920 --> 0:29:19.960
<v Speaker 2>target ted I'll start with you.

0:29:20.160 --> 0:29:22.360
<v Speaker 1>Oh, I have to pick an agency. I'm not going

0:29:22.400 --> 0:29:24.560
<v Speaker 1>to pick an agency. I will just say that these

0:29:24.600 --> 0:29:27.880
<v Speaker 1>guys are dedicated to doing what they're doing to the government.

0:29:27.960 --> 0:29:30.160
<v Speaker 1>They also seem a little bit new at it in

0:29:30.200 --> 0:29:33.080
<v Speaker 1>the way they talk about must keep saying we'll just

0:29:33.120 --> 0:29:35.200
<v Speaker 1>get rid of rules and add back one if we

0:29:35.240 --> 0:29:38.400
<v Speaker 1>decide we needed it suggests a total unfamiliarity with the

0:29:38.440 --> 0:29:42.920
<v Speaker 1>process that they're disrupting. And one aspect of that will

0:29:42.960 --> 0:29:45.520
<v Speaker 1>be they're going to gore an ox that they're not

0:29:45.680 --> 0:29:47.800
<v Speaker 1>expecting will be as big of a problem as it is.

0:29:47.840 --> 0:29:51.720
<v Speaker 1>And you're seeing that even among conservative Republican senators talking

0:29:51.760 --> 0:29:54.920
<v Speaker 1>about foreign aid, which they usually have no problem just

0:29:54.960 --> 0:29:56.600
<v Speaker 1>talking about how foreign eight is all the waste, But

0:29:56.640 --> 0:29:59.480
<v Speaker 1>even there you're starting to hear those rumblings of blowback.

0:29:59.520 --> 0:30:03.600
<v Speaker 1>And if continues with this approach, agency by agency across

0:30:03.640 --> 0:30:06.280
<v Speaker 1>the government, you start to hit things that people actually

0:30:06.280 --> 0:30:09.040
<v Speaker 1>do care about and that people who in the abstract

0:30:09.080 --> 0:30:11.440
<v Speaker 1>are for tearing it all down don't actually like when

0:30:11.480 --> 0:30:13.600
<v Speaker 1>you do it. So I think that that will be

0:30:13.640 --> 0:30:15.680
<v Speaker 1>the question is where does he cross that line with

0:30:16.000 --> 0:30:19.720
<v Speaker 1>which part of the Republican majority and what happens then.

0:30:20.160 --> 0:30:23.600
<v Speaker 5>So there are like four hundred government agencies and including

0:30:23.680 --> 0:30:26.000
<v Speaker 5>some small ones that nobody has ever heard about. But

0:30:26.080 --> 0:30:28.680
<v Speaker 5>I personally am going to keep my eye on the

0:30:28.720 --> 0:30:32.400
<v Speaker 5>Department of Education because, as we've reported, like Musk has

0:30:32.440 --> 0:30:35.880
<v Speaker 5>a huge interest in education himself. He has a foundation

0:30:35.960 --> 0:30:38.920
<v Speaker 5>that's very dedicated to education. He has started a preschool

0:30:38.960 --> 0:30:42.959
<v Speaker 5>in Texas. A lot of this is ideological around wokeism,

0:30:43.400 --> 0:30:46.000
<v Speaker 5>and you know, we don't have a confirmed head of

0:30:46.040 --> 0:30:48.000
<v Speaker 5>the Department of d yet, but I just sort of

0:30:48.640 --> 0:30:52.719
<v Speaker 5>worry and predict that, like you will see Doge at

0:30:52.760 --> 0:30:54.520
<v Speaker 5>the Department of Bed relatively soon.

0:30:55.120 --> 0:30:58.000
<v Speaker 2>Yeah, And to Ted's point, I mean that is going

0:30:58.080 --> 0:30:58.360
<v Speaker 2>to be.

0:30:58.360 --> 0:30:59.960
<v Speaker 3>A massive vector for blowback.

0:31:00.160 --> 0:31:03.480
<v Speaker 2>People get mad when their public schools start to get defunded,

0:31:03.760 --> 0:31:07.720
<v Speaker 2>and depending on how subtle this is, there could be

0:31:07.760 --> 0:31:15.160
<v Speaker 2>real consequences. Let's end there. Ted, Dana, thanks for being here.

0:31:15.480 --> 0:31:16.400
<v Speaker 2>Really appreciate it.

0:31:16.440 --> 0:31:17.440
<v Speaker 3>Thank you, Thank you.

0:31:24.160 --> 0:31:27.640
<v Speaker 2>This episode was produced by Stacy Wong. Anna Masarakis is

0:31:27.680 --> 0:31:30.959
<v Speaker 2>our editor, and Rahan Harmanci our senior editor. Blake Maple's

0:31:30.960 --> 0:31:35.160
<v Speaker 2>handles engineering and Dave Purcell fact checks. Our supervising producer

0:31:35.200 --> 0:31:38.600
<v Speaker 2>is Magnus Hendrickson. The Elanink theme is written and performed

0:31:38.600 --> 0:31:42.760
<v Speaker 2>by Taka Yazuzawa and Alex Sagierra. Brendan Francis Newnham is

0:31:42.760 --> 0:31:45.360
<v Speaker 2>our executive producer, and Sage Bauman is the head of

0:31:45.360 --> 0:31:48.360
<v Speaker 2>Bloomberg Podcasts Big thanks to Joel Weber.

0:31:48.080 --> 0:31:50.000
<v Speaker 3>And Brad Stone. I'm Max Chafkin.

0:31:50.120 --> 0:31:51.960
<v Speaker 2>If you have a minute, rate and review our show,

0:31:52.040 --> 0:31:54.640
<v Speaker 2>it'll help other listeners find us and we will see

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<v Speaker 2>you next week.