[Applause]

the greatest

entrepreneur this generation Elon

Musk hey

guys grab my

stuff sit there I'm going to yep I'm

going to take this all

right do this thanks for taking the

time how um how you doing brother

you keep him

busy yeah I

mean it's rarely a slow

week I mean in the world as well yeah I

mean any given week I me it just seems

like the things getting nuttier it it

it's definitely a simulation we've

agreed on this at this

point I mean well look if if we are in

some alien Netflix series I think the

ratings are high yes ratings are High um

how are the um uh the the freedom of

speech Wars going um this is a uh you've

been you've been at War for two years

now yes uh the price of freedom of

speech is not cheap is it I think it's

like 44 billion something like that just

numbers give her give or take a billion

yeah round numbers yeah yeah um it's uh

it's it's pretty nutty there there is

like this weird movement to uh quell's

Free Speech uh kind of around the world

and um and this is something we should

be very concerned about uh you know you

have to ask like why was the first

amendment like a high priority was like

number one um One is because uh people

came from countries where if you spoke

freely you would be imprisoned or killed

and they were like well we would like to

not have that here um because that was

terrible and actually you know there's a

lot of places in the world right now if

you if you're critical of the government

you get imprisoned or killed right yeah

we'd like to not have that are you

concerned to

that I mean I supect this is a receptive

audience to that message

[Applause]

um you I I think we always thought that

the West Was the exception to that that

we knew there were authoritarian places

around the world but we thought that in

the west we'd have freedom of speech and

we've seen like you said it seems like a

global movement in brit you've got

teenagers being put in prison for memes

opposing it's like you like to you like

to Facebook post throw him in the prison

yeah people have got an actual you know

prison for for like like obscure

comments on social media not even [ __ ]

posting yet like not even yeah it's

crazy P got thrown in prison recently

I'm like that was pretty about I was

like what is the massive crime that

right pav in France and then of course

we got Brazil with judge

Voldemort that that one seems like the

one that impacts you the most can you

what's the latest on

that well we I guess we're we are trying

to figure out uh is there

some reasonable solution in Brazil

uh the you know the concern uh I mean I

want to just make sure that this is

framed correctly um and uh you know

funny memes aside I the the the nature

of the concern was

that least at at excorp we had the

perception that um we were being asked

to do things that violated Brazilian law

so obviously we cannot as an American

company impose American laws and values

on on other countries um that uh you

know we wouldn't get very far if we did

that um but but we do you know think

that uh if if a country's law laws are a

particular way and we're being asked to

what we we think we think we're being

asked to break them then and and be

silent about it then obviously that is

no good so so I just want to be clear

thetime sometimes comes across as uh

elon's trying to just be a crazy

whatever billionaire and demand

outrageous things from other countries

and

um you know well that is

true

um in

addition there are um other things uh

that that I think are you know valid

which is like we we we obviously can't

uh you know I think any given thing that

we do at excorp we've got to be able to

explain in the light of day and and not

feel that it was dishonorable or you

know we we we did the wrong thing you

know uh so we don't we that that that

that was the that that's the nature of

the concern so we actually are in uh

sort of discussions with uh the you know

judicial authorities in in Brazil to try

to you know run this to ground like

uh what What's actually going on like if

if we're being asked to break the law

Brazilian law then that's that that

obviously should not be should not sit

well with the Brazilian Judiciary and if

we're not and we're mistaken we'd like

to understand how we are mistaken I

think that's a that's a pretty

reasonable uh position I'm a bit

concerned as your friend that you're

going to go to one of these countries

and I'm going to wake up one day and

you're going to get arrested and like

I'm going to have to to go bail you out

or something like this is feels very

acute like yes I mean it's not a joke

now like they're literally saying like

you know it's not just Biden saying like

we have to look into that guy now it's

become quite literal like this I who was

the guy who just wrote the um was it the

guardian piece about like oh yeah yeah

there have been three articles and I

think in the past three weeks Robert

Reich but it wasn't just him it was like

three different articles three different

articles it doesn't that's a trend

that calling for me to be imprisoned

right in the in the guardian you know

guardian of what what are they Pro

exactly guardian of I don't know

authoritarianism yeah guardian of uh

yeah yeah censorship censorship but but

the premise here is that you bought this

thing this online Forum this

communication platform and you're

allowing people to use it to express

themselves therefore you have to be

jailed I don't understand the logic here

right um there's what do you think

they're actually afraid of at this

point what's the motivation here I mean

I think the if somebody's a if

somebody's sort of trying to push a

false premise on the world then and then

that that and that premise can be

undermined with public dialogue then

they will be opposed to public Dialogue

on that premise because they wish that

false premise to Prevail right um so

that's I think you know the the issue

there is uh if they don't like the truth

uh you know then we want to suppress it

so now the you know the the sort of the

what what we're trying to do with excorp

uh is uh I distinguish that from my son

who's also called X yes

uh you have you have parental

goals everything's just called X

basically it's very difficult

disambiguation the sun yeah everything

um

so what what we're trying to do is

simply adhere to the uh you know the the

laws in a in a country um so so if

something is illegal in the United

States or if it's illegal in you know

Europe or Brazil or or wherever it might

be uh then then we will take it down or

we'll suspend the account because we

we're not you know there to make the

laws we but but if speech is not legal

then then what are we doing okay now

we're injecting ourselves in as as a

sensor and and where does it stop and

who

decides so and where where does that

path lead I think it leads to a bad

place uh so if the people if in a

country want the laws to be different

they should make the laws different but

otherwise we're going to obey the law in

each jurisdiction right and some of

these Europe that's it it's it's not

more complicated there we're not we're

not trying to FL out the law we going to

be clear about that but we're we're

trying to adhere to the law and if the

laws change we will change and if if the

laws don't change we we won't we're just

literally trying to adhere to the law

it's pretty pretty straightforward there

are some very

straightforward if somebody doesn't

thinks we're not adhering to the law

well they can file a lawsuit Bingo also

very straightforward I mean there are

European countries that don't want

people to promote Nazi propaganda yes

they have some sensitivity to it well

it's it is illegal and it is illegal

in those countries if somebody puts that

up you take it down yes but they

typically file something and say take

this down no in some cases it is just um

obviously illegal like you don't need to

file a lawsuit for you know if something

is just you know unequivocally illegal

we can literally read the law this

violates the law you know anyone anyone

can see that like you know you don't

need like if if somebody is stealing you

don't need let me check the law on that

okay oh no they're they're stealing

Frisco let's talk so we had we had JD

Vance here this morning he did a great

job um and you know one of the things is

there's this image on X of like

basically like you

Bobby uh Trump and JD are like the

Avengers I guess and then there's

another meme where you're in front of a

desk where it says d g the department of

governmental efficiency yes yes I posted

that one tell us about I I made it using

grock the gro image generator

and I posted it tell us about it to my

profile seek for

efficiency um how how do you do

it well I mean

I I think with great difficulty uh but

you know look it's been a long time

since there was a serious effort to

reduce the size of government and to um

remove absurd regulations yeah and you

know the last time there was a really

concered effort on that front was Reagan

in the early ' 80s so we're 40 years

away from um a a a a serious effort to

remove um you know not regulations that

don't serve the greater good and and

reduce the size of government and I

think it's just if we don't do that then

what's what what's happening is that we

get regulations and laws accumulating

every year until eventually everything's

illegal uh and that's why we can't get

uh major infrastructure projects done in

the United States like if you look at

the absurdity of the California highs

speed rail I think they theyve spent $7

billion and have A600 put segment that

doesn't actually have rail in

it I mean your tax dollars at work I

mean yeah what are we doing that's an

expense of 600 feet of concrete you know

um and and I mean I think it's like if

you know uh I realize sometimes I'm

perhaps a little optimistic with

schedules but

uh you

know I mean I wouldn't be doing the

things I'm doing if I was uh you know

not an an optimist uh so but but but but

at the current Trend you know California

High Street rail might finish sometime

next

Century maybe probably not we're just

we'll have teleportation by that time so

yeah

exactly AI do everything at that point

so so so so

I think you really think of um you know

the the United States and many countries

it's it's arguably worse than the EU as

being like galiva tied down by a million

little strings and like any one given

regulation is not is not that bad but

you've got a million of them and um or

Millions actually and and and then

eventually you just can't get anything

done and and this is a this is a massive

tax on the on the consumer on the people

uh it's just they don't they don't

realize that there's this this massive

tax in the form of irrational

regulations um I'm going I'll give you a

recent uh example that that you know is

is just insane um is that uh like SpaceX

was fined by the EPA

$140,000 for um they claimed dumping uh

portable water on the ground drinking

water so and we're like uh this is that

star base and and we're like it's we're

in a TR tropical uh thunderstorm region

um that stuff comes from the Sky all the

time and

um and there was no actual harm done you

know it was just water to cool the the

the Launchpad during uh liftoff and um

there's zero harm done like and they're

like they agree yes there's zero harm

done we're like okay so there's no harm

done and um you want us to pay $140,000

fine it's like yes because you didn't

have a

pmit okay we didn't know there was a

ponent needed for zero har fresh water

being on the ground in a place that

where fresh water full from the sky all

the

time got it next to the ocean next to

the ocean cuz there's a little bit of

water there too yeah I mean sometimes it

rain so much the the roads are flooded

so we're like you

know how does this make any sense yeah

and and then they're like then then they

were like well we're not going to

process any more of your any more of

your applications for launch for

Starship launch unless you pay this

$140,000 they just ransomed us and we're

like okay so we paid $140,000 but it was

a it's like this is no good I mean at

this rate we're never going to get to

Mars I mean that's

the that's the confounding part here

yeah is we're acting against our own

self-interest you know when you look at

we do have to make putting aside fresh

water but hey you know there the rocket

makes a lot of noise so I'm I'm certain

there's some complaints about noise once

in a while but sometimes you want to

have a party or you want to make

progress and there's a little bit of

noise therefore you know we we trade off

a little bit of noise for massive

progress or even fun so like when did we

stop being able to make those tradeoffs

but talk about the difference between

California and Texas uh where you and I

now reside um Texas you were able to

build the gigafactory I remember when

you got the plot of land and then it

seemed like it was less than two years

when you had the party to open it yeah

from start of construction um to

completion uh was 14 months 14 14 months

is there anywhere on the planet that

would go faster is like China faster

than that uh China was 11 months got it

so Texas China 11 and 14 months

California how many months and just to

give you a sense of size the Tesla

gigafactory in China is three times the

size of the Pentagon which was the

biggest building in America uh no there

are bigger buildings but the pentagon's

pretty big one yeah where it was the

biggest in units in units of Pentagon

it's like three okay three pentagons and

counting yeah got it in 14 months um the

just the just the regulatory approvals

in California would have taken two

years yeah so that's that's the issue

where where do you think the regulation

helps like for the people that will say

we need some checks and balances we

can't have some because for every good

actor like you there'll be a bad actor

so where is that line then yeah I mean I

have a sort of you

know in in sort of doing Su sensible

deregulation and um reduction in the

size of government the is is just like

be very public about it and say like

which of these rules do you if the

public is really excited about a rule

and wants to keep it we'll just keep it

and and here the thing about the rules

if if like if the rule is um you know

turns out to be a bad we'll just put it

right back okay and then you know

problem solved it's like it's easy to

add rules but we don't actually have a

process for getting rid of them that's

the issue there's no garbage collection

rul um when we were um watching you work

David and I and Antonio um in that first

month at Twitter which was all hands on

deck and you were doing zerob based

budgeting you really quickly got the

cost under control and then miraculously

everybody said this site will go down

and you added 50 more features so maybe

explain because this is the first time

yeah there like so many articles like

the that this this

Twitter is Dead Forever there's no way

it could possibly even continue at all

it was almost like the Press wasting for

you let's write theit here has the

orbituary uh they were all saying their

goodbyes on Twitter remember that yeah

yeah yeah they were all leaving and

saying their goodbyes cuz the site was

going to melt down and totally fail and

and uh all the journalists left yeah and

which is if you ever want to like hang

out with a bunch of Hall monitors oh my

God threads is amazing every time I go

over there and post they're like they

they're really triggered but yeah I mean

if you like being condemned repeatedly

then you know for reasons that make no

sense then threads is the way to go yeah

it's really it's it's the most miserable

place on Earth if Disney's the happiest

this is the anti- Disney but if we were

to go into government you went into the

Department of Education or Pi pick the

department you've worked with a lot of

them actually sure you can't go in there

in zero based budget okay we get it but

if you could just pair two three four 5%

of those organizations what kind of

impact would that

have yeah I mean I think we'd need to do

more than that I think ideally but

compounding every year 2 3% a year I

mean it would be better than what's

happening

now yeah I look I think we we um you

know

uh if if Trump wins and obviously I

suspect there are people with mixed

feelings about whether that should

happen but uh but if but we do have an

opportunity uh to do kind of a once- in

a-lifetime deregulation and reduction in

the size of government um because

because the other thing besides the

regulations um America is also going

bankrupt extremely quickly um and and

nobody seems everyone seems to be sort

of whistling past the graveyard on this

one um but they're all they're all

grabbing the silverware everyone's stuff

in their pockets and the silverware

before this the Titanic SS like well you

know the the defense department by

budget is a very big budget okay it's a

trillion dollars a year DOD Intel it's

Trill a trillion dollars um and interest

payments on the national debt just

exceeded the defense department budget

they're over a trillion dollar a year

just in interest and Rising we're we're

adding a trillion dollars to the net to

our debt which our you know kids and

grandkids are going to have to pay

somehow um

you know every every three months and

then soon it's going to be every two

months and then every month and then the

only thing we'll be able to pay his

interest yeah and and if if this it's

just you know it's just like a person at

scale that has racked up too much credit

card debt um and

uh this this is not this is not have a a

good

ending so we have to reduce the spending

let me ask one question cuz I've brought

this up a lot and the counterargument I

hear which I disagree with um but the

counter argument I hear from a lot of

politicians is if we reduce spending

because right now if you add up federal

state and local government spending it's

between 40 and 50% of GDP so nearly half

of our economy is supported by

government spending and nearly half of

people in the United States are

dependent directly or indirectly on

government checks and either through

contractors uh that that the government

pays or their employed by government um

entity so if you go in and you take to

harden acts too fast you will have

significant contraction job loss and

recession what's The Balancing Act Elon

just thinking realistically because I'm

100% on board with you the steps the

next set of steps however assume Trump

wins and you become the the chief uh doe

um uh dog uh like G

how how like yeah and I think the

challenge is how quickly can we yeah how

quickly can we go in how quickly can

things change and without

without I want that on my business card

yeah without all the L without all the

contraction and

job yeah so so I guess how do you really

address it when so much of the economy

and so many people's jobs and

livelihoods are dependent on government

spending well I mean I I do think it's

it's it's sort of um

you know it's it's false dichotomy it's

not like no government spending is going

to happen um you really have to say like

is it the right level um and just

remember that that you know any any

given person if they are doing things in

a less efficient organization versus

more efficient organization their

contribution to the economy their net

output of goods and services will reduce

um I mean you've got a couple of clear

examples between uh East Germany and

West Germany North Korea and South Korea

um I mean North Korea they're starving

uh South Korea it's like amazing it's

the future the compounding effect of

productivity gains yeah yeah it's night

and day yeah um and so in the north

North Korea you've got 100% government

um and in South Korea you've got

probably I don't know 40% government

it's not zero yeah U and yet you've got

a standard of living that is probably 10

times higher in South Korea at least at

least exactly um uh and then East and

West Germany um in West Germany uh you

had just thinking in terms of cars I

mean you had BMW Porsche Audi Mercedes

um and and East Germany which is a

random line on a map um you you the the

car only car you could get was a a

trabant which is basically a lawn mower

with a shell on it um and it was

extremely unsafe and you there's a

20-year

wait so you like you know put your kid

on the list as soon as they're conceived

um they're conceived and and even then

only I think um you know quarter of

people maybe got got this lousy car and

the same so so that's just an

interesting example of like basically

the same people different operating

system and and it's not like uh West

Germany was some you know you know a

capitalist uh Heaven it was it's quite

socialist actually so uh so when you

look you know probably it was half half

government in West Germany and 100%

government in East Germany and again

gain sort of a five to like it call at

least a 5 to 10x standard of living

difference and even qualitatively vastly

better and and it's obviously you know

sometimes people have these amazingly in

this modern era this debate as to which

system is better well I'll tell you

which system is better um the one that

doesn't need to build the world to keep

people in okay that's that's how you can

tell

okay it's a dead giveaway spoiler alert

dead giveaway they climbing the wall to

get out

you have to build a barrier to keep

people in that is the bad system um

there wasn't West West berin that built

the wall okay they were like to you know

anyone who wants to flee West berin go

ahead um speaking of walls so it you

know and and and and if you look at sort

of the flux of boats from Cuba there's a

large number of boats from Cuba and

there's a bunch of free boats that you

anyone can take to to to Cuba

there's like hey wow an abandoned boat I

could use this boat to go to Cuba where

they have communism awesome Yes um and

and and yet nobody nobody picks up those

boats and and does it amazing um so

given this a lot of thought yeah wait so

your point is jobs will be created if we

cut government spending in half jobs

will be created fast enough to make up

for right just to count yes obviously

you know I'm not suggesting that that

people you know um have like immediately

tfed you know tossed out with with with

no severance and and you know can't now

can't pay their mortgage they need to

see some reasonable offramp uh where

yeah yeah um so reasonable offramp where

you know they're still um you know

earning they're still receiving money

but have like I don't know a year or two

to to f to find jobs in the private

sector which they will find and then

they will be in a different operating

system um again you can see the

difference East Germany was incorporated

into West Germany living standards in

East Germany uh Rose

dramatically um so in four years if you

could shrink the side size of the

government with Trump what would be a

good Target just in terms of like

ballpark I mean are you trying to get me

assassinated before this even happens no

no pick AO number I mean you know

there's that old phrase go postal I mean

it's like they might yeah on me so we'll

keep the post office I I'm going to need

a all the security details guys yes I

mean this year a number of disg granted

workers for former government employees

is you know

quite a scary number I mean I might not

make it you know I was saying low low

digits every year for four years would

be palatable yeah and I like your idea

the thing is that if if it's not done uh

like if you have a once once in a

lifetime or once in a generation

opportunity and you don't take Serious

action and and then you have four years

to get it done and then and if it

doesn't get done then how serious is

Trump about this like you've talked to

him about it yeah yeah I think he is

very serious about it got it um and no I

I think actually the reality is that if

we get rid of nonsense regulations and

shift people from the government sector

to the private sector we will have

immense

Prosperity um and and I think we will

have a golden age in this country and

it'll be

fantastic can we uh can we talk about

SP um you have a bunch of critical

Milestones coming up um yeah in fact

there's an important a very exciting

launch

um that is may be happening tonight so

if if that the weather is is holding up

then I'm going to leave here head to

Cape canaval uh for the um the the PO

stor Mission which is a private Mission

so funded by Derek um DED isman and he's

um awesome guy and and there this will

be the first time uh the first private

first first commercial space walk um and

and'll be at at the highest altitude uh

since Apollo so it's the furthest from

Earth that anyone's

gone um

yeah and you what comes after that let's

assume that's successful and I sure hope

so

man um no

pressure

um yeah we you know Absolut you know

Astron prior astral safety is man if I

had like all all all the wishes I could

save up that would be the one to to put

on so you know space is dangerous um so

the

the yeah the next

Milestone after that would be the next

flight of Starship um which um you know

Starship is next five Starship is ready

to fly we are waiting for regulatory

approval you know yeah it it it it

really should not be possible to both a

giant rocket faster than the paper can

move from one desk to

[Applause]

another that stamp was really hard

approved yeah you ever see that movie

zootopia you ever see that movie

zootopia there's like a

sloth in for the approval yeah

accidentally tell a joke and and I was

like oh no this is good here we go going

to take a long time sorry sorry um but

yeah

zootopia you know you know the funny

thing is like so I went to the

DMV about I don't know a year later

after zootopia and to get my whatever

license renewal and the guy in in an

exercise of incredible self- awareness

had the sloth from zootopia in his um in

his cube in in in his Cube and he was

actually Swift

yeah with the with the Mandate beat the

sloth yeah yeah no personal agency

personal agency no I mean some people

like think the you know the government

is um more confident than it than it is

I'm not saying that there aren't

confident people in the government

they're just in an operating system that

is inefficient um once you move them to

a more efficient operating system they

their output is dramatically greater as

we've seen examp you know when East

Germany was reintegrated to into with

West Germany and and and the same people

um were vastly more prosperous uh with a

basically half capitalist uh operating

system

so um but I

mean for a lot of people their like the

maybe most direct experience with the

government is the DMV um and and then

the important thing to remember is the

the government is the DMV at

scale right that's the government got

the mental picture how much do you want

to scale it

yeah yeah sorry can you go back to

chat's um uh question on Star so you you

announced just the other day Starship

going to Mars in two years and by the

way huh yeah yeah yeah yeah yeah and

then four years for a

crude uh aspirational launch in the next

window and how much is the government

involved I'm not saying like say you

watch by these not you know uh but these

uh but it based on our current progress

where with with Starship We were able to

successfully reach oval of velocity

twice uh we were able to achieve soft

Landings of the the booster and the ship

in water uh and that's despite the ship

having you know half its flaps cooked

off um you can see the video on the X

platform it's quite exciting um so you

know we we we think we'll be able to

have to launch reliably and repeatedly

and quite quickly um and the the the

fundamental Holy Grail breakthrough for

rocketry for to what the fundamental

breakthrough that is needed for life to

become multiplanetary is a rapidly

reusable reliable rocket

R for the pirate somehow um throw a

pirate in there um the so with Starship

is the first rocket design

where success is one of the possible out

with full

reusability um so you know for any given

project you have to say this is the

circle to write diagram um has a circle

and is Success the success dot in the

circle um is is success in the set of

possible outcomes that's uh you know

sounds pretty obvious but there are

often projects where that that is

success is not in the set of possible

outcomes um and so so

Starship not only is fully full

reusability in the set of possible

outcomes it it is being proven with each

launch um and and and I'm confident it

will succeed it's simply a matter of

time and you know if if we can get some

improvement in the speed of Regulation

we we could actually move a lot faster

um uh so that would that would be very

helpful and and in fact if if this if

not if something isn't done about um

reducing regul and and sort of speeding

up approvals and to be clear I'm not

talking about anything unsafe it's

simply the processing of the safe thing

can be done at a as as fast as the

rocket is built not slower then uh then

then we could become a space buring

civilization and a multiplet species

ultimate and be out there among the

stars in the future and

there's you know it's it's just very

like it's incredibly important that we

have things that that we find inspiring

that you look to the Future and say the

future is going to be better than the

past things to look forward to and like

like kids are a

good a good way to assess this like what

a kids fired up about and if you can say

you know you you could you know you

could be an Astron on Mars you you could

maybe one day uh go beyond the solar

system um we could make Star Trek

Starfleet Academy real um that is an

exciting future that is

inspiring um you know just I mean you

need things that move your heart right

um

yeah [ __ ] yeah [ __ ] yeah let's do it I

mean it like like life can't just be

about soling one miserable problem after

another there's got to be things that

you look forward to as well yeah uh and

and do do you think you might have to

move it to a different jurisdiction and

to move faster I've always wondered if

like it's rocket technology is

considered an advanced weapons

technology so we can't just go do it you

know in another country yes in it yeah

interesting and if we don't do it other

countries could do it I mean they're so

far behind us but theoretically there's

a national

security you know justification here if

if somebody can put their thinking caps

on like do we want to have this

technology that you're building the

team's working so hard on stolen by

other countries and then you know maybe

they don't have as much red tape I I

wish people were trying to steal it um

so that no no one's trying to steal it

it's just

too this just it's too crazy

basically um and that's for you yeah

it's way too crazy El what do you think

um is going on that led to

boing building the St line the way that

they did they were able to get it up

but not complete but can't complete they

can't finish can't finish and you're

going to have to go up and

finish um

um well I mean I think Boeing is a

company that is you they actually do so

much business with the government they

have sort of impedance matched to the

government so they're they're like

basically one notch away from the

government maybe two they're not far

from the government from an efficiency

standpoint because they derive so much

of the revenue from the government um

and a lot of people think well SpaceX is

super dependent on the government and

actually no most of our revenue is

commercial um

so

um and and and and

there's been I think at least up until

perhaps recently because they have a new

CEO who actually shows up in the factory

yeah um and the the the CEO before that

I think had a degree in accounting and

and never went to the factory and didn't

know how airplanes

flew um so I think if you are in charge

of a company that makes airplanes fly

and a spacecraft go to Orit you need to

know it can't be a total mystery as to

how they work

yeah

so you know I'm like sure if somebody's

like running cocoa Pepsi and and they're

like great at marketing or whatever uh

that's that's fine because you know it's

it's not a sort of Technology dependent

business um you know or if they're

running a you know financial consulting

and their degrees in accounting that

makes sense um but I think uh you know

if you if you're the Cavalry Captain you

should know how to ride a horse pretty

basic yeah

yeah great it's like it's disconcerting

if the Cavalry Captain just falls off

the horse you

know he's scar

team I'm sorry I'm scared of hces gets

on backwards I'm like

oops um sh shifting gears to AI uh Peter

was here earlier and he was talking

about how so far the only company to

really make money off AI is NVIDIA with

the chips um do you have a sense yet of

where you think the big applications

will be from AI is it going to be an

enabling self-driving is it going to be

enabling robots is it transforming

Industries I mean it's still I think

early in terms of where the big business

impact is going to be do you have a

sense

yet I I mean I think I think they that

they the spending on AI probably runs

ahead of I mean does run ahead of the

revenue right now that's there's no

question about that um but the rate of

improvement of AI is faster than any

technology I've ever seen by far

and and and it

it's I mean like the for example the

touring test used to be a thing now you

know your basic uh open source random

llm writing on a freaking Raspberry Pi

probably could uh you know beat the

touring test

um so

there's I I I think actually

like like the the good future of AI is

one of immense Prosperity

where there is an age of abundance no

shortage of goods and

services everyone can have whatever they

want unless except for things we

artificially Define to be scarce like

some special

artwork um but but anything that is a

manufactured good or provided Service uh

will I think with the Adent of AI plus

robotics that the cost of goods and

services will be

will Trend to zero like I'm not saying

it be actually zero but it'll

be it every everyone will be able to

have anything they want uh that that's

the good future of course and you know

in my view that's probably 80% likely so

look on the bright

side only 20% 20% probability of

annihilation nothing

um is is the 20% like what does that

look like I don't know man I mean

frankly I do have to go engage in some

degree of of deliberate suspension of

disbelief with respect to AI in order to

sleep well um and even then um because I

I I I think the actual issue the the

most likely issue is like well how do we

find meaning in a world where AI can do

everything we can do a bit better that

that is that is perhaps the bigger

challenge um

although you know at this point I know

more and more people who are retired and

they seem to enjoy that life

so uh but I think that that may be maybe

there'll be some crisis of meaning like

because the computer can do everything

you can do but better so maybe that'll

be a challenge um but but really uh you

know you need you need the sort of end

factors you need the the autonomous cars

and

you need the sort of humanoid robots or

your general purpose robots um but once

you have general purpose humanoid robots

um and autonomous

vehicles uh you really you you you can

build anything um and and and this I

think that there's no actual limit to

the size of the economy I mean there

obviously you know the mass of Earth you

know like that one limit um but the you

know the economy is is really just the

average productivity per person times

number of people that's the economy and

if you if you've got humanoid robots

that can do you know where there's no

real limit on the number of humanoid

robots um and and they they can operate

very intelligently then then there's no

actual limit to the economy in there's

no meaningful limit to the economy you

guys just turned on Colossus which is

like the largest private cluster I guess

of gpus anywhere is that it's it's the

it's the most powerful supercomputer of

any kind um which sort of speaks to what

David said and kind of what Peter said

which is a lot of the kind of economic

value so far of ai ai is entirely gone

to Nvidia but there are people with

Alternatives and you're actually one

with an alternative now you have a very

specific case because Dojo is really

about images and large images huge

video um yeah I mean the the the Tesla

problem is different from the

um you know the sort of llm problem uh

the nature of the intelligence actually

is actually and

and the what what matters in the AI is

is different um to to the point you just

made which is that in the in tales's

case the context uh length is very long

so we've got gigabytes of context G

context Windows yeah yeah you've got you

know sort of uh we just bringing it up

kind of billions of tokens of context NY

amount of context because you've got um

seven seven cameras and if if you've got

several you know let's say you've got a

minute of several high high def cameras

then that's gigabytes so you need to

compress so the Tesla problem is you got

to compress a gigantic context um into

the the pixels that are that actually

matter um

and you know and and and condense that

over a time so you've got in both uh the

time Dimension the space Dimension

you've got to compress the pixels u in

space and the pixels over in time

um and and and then and then have that

inference done on a tiny computer

relatively speaking a small you know a

few hundred watt uh it's a Tesla

designed AI inference computer uh which

is by still the best there isn't a

better thing we could buy from suppliers

so the Tesla designed AI inference

computer that's in the cars is better

than anything we could buy from any

supplier just by the way that's kind of

a by way the the Tesla ai ai CHP team is

extremely good you guys in the design

there is a technical paper and there was

a deck that somebody on your team from

Tesla published and it was stunning to

me you designed your own transport

control like layer over ethernet you're

like ah ethernet's not good enough for

us you have this TT Coe or something and

you're like oh we're just going to

reinvent ethernet and like string these

chips it's pretty incredible stuff

that's happening over there yeah um no

the team the the Tesla chip design team

is extremely extremely good um so um but

is there a world where for example other

people over time that need you know some

sort of like video use case or image use

case theoretically you know you'd say oh

why not you know I have some extra

Cycles over here so which should kind of

make you a competitor of Nvidia it's not

intentionally per se

but um yeah I mean

the you know this training and inference

and we we do have you know two those two

projects at T we've got Dojo which is

the the training computer uh and then um

you know our inference chip which is in

every every car inference computer um so

and Dojo we've only had Dojo one Dojo 2

is um you know should be we should have

Dojo 2 in volume towards the end of next

year um and and that that that will be

we think sort of comparable to uh the

sort of a b200 typ type system a

training system um and um you know so

there's I guess there's some potential

for for that to be used as a service um

and but like

you Dojo is is just kind of like I mean

we're I guess I guess I have like some

improved confidence in Dojo

um but I think we won't really know how

good Dojo is until probably version

three like usually takes three major

iterations on a technology for it to be

to be excellent um and we'll only have

the second major iteration next year um

the third iteration I don't know maybe

late you know 26 or something like that

how's the uh how's the Optimus project

going I remember when we talked last um

and you said this publicly that it's in

doing some light testing inside the

factory

um so it's actually being useful what's

the build of materials and when you know

for something like that at scale so when

you start making it like you're making

the model three now and there's a

million of them coming off the factory

line what would the would they cost 20

30 $40,000 you think yeah I mean what I

mean I've discovered really that you

know anything made in sufficient volume

will ASM totically approach the cost of

its of its uh

materials so now there's there's I

should say the there's some some things

are constrained by the cost of

intellectual property and like paying

for patents and stuff so a lot of you

know what what's in a a chip is like

paying paying royalties um and

depreciation of the chip faab so but the

actual modal cost of the chips is very

low um so so so Optimus it obviously is

humanoid robot it it is it weighs much

less than it's much smaller than a car

um so the you could expect that in high

volume uh and and i' said you also

probably need three three production

versions of Optimus so you need to

refine the design three at least three

major times and and then you need scale

production

to sort of the million unit plus per

year

level and I think at that point the cost

the the you know the labor materials on

Optimus is probably not much more than

10,000

yeah and that's a decade long journey

maybe basically think of it like Optimus

will cost less than um a a small car

right

so at at scale volume with three major

iterations of technology and and so if a

small car you know costs $225,000 you

know it's it's probably like I don't

know $220,000 for for an Optimus for a

humanoid robot that can be your your

body like a combination of R2D2 and c3p

a bit

better I mean you know that's I honestly

I think people are going to get really

attached to their humanoid robot because

I mean like you look at sort of watch

Star Wars and it's like R2D2 and see3 I

love those guys um you know they're

awesome um and their personality and and

I mean and all all R2 could do is just

beef at you could couldn't speak English

um c3p to translate the beeps you know

so you're in year two of that if you did

two or three years per iteration or

something it's a decade long journey for

this to hit some sort of scale I I would

say m major iterations are less than two

years so okay um it's probably on the

order of five five years yeah

uh maybe six to get to a million units a

year and at that price point everybody

can afford one on planet Earth I mean

it's going to be that one: one two: one

what do you think ultimately if we're

sitting here in 30 years the number of

robotss on the planet versus Humans yeah

I think the number of robots will vastly

exceed the number of humans vastly yeah

vastly exceed I mean you have to say

like who who would not want their robot

buddy everyone wants a robot buddy

um you know this is like it especially

if it can you know you know it can take

care of your your take your dog for a

walk it could you know mo mow the lawn

it could watch your kids uh it could you

know like it could it could teach your

kids it could it could we could also

send it to Mars we could send a lot of

robots to Mars to do the work needed to

yeah make it a colonized planet for you

Mars is already the robot Planet there's

like a whole bunch of you know robots

like Rovers and Rob helicopter yes only

robots um so yeah the no I I think the

the sort of useful humanoid

robot opportunity is the single biggest

opportunity

ever

um because if you assume like that I

mean the I think the ratio of humanoid

robots to humans is going to be at least

2 to one maybe 3 to one because

everybody every everybody will want one

and then there'll be a bunch of robots

that you don't see that are making goods

and services and you think it's a

general one generalized robot that then

learns how to do different tasks or yeah

hey um I mean we are a

generalized yeah we're a generalized

robot we're just made of meat you know

uh we're a meat General meat yeah I mean

operating my meat puppet you know um so

um yeah we are

actually and by the way it turns out

like as we're designing Optimus we sort

of learn more and more about why humans

are shaped the way they're shaped and

you know and why we have five fingers

and why your little finger is smaller

than you know your index finger uh you

know you know obviously why you have

opposable thumbs but also why for

example your the muscles the major

muscles that operate your hand are

actually in your forearm and and your

fingers are primarily operated like um

your the muscles that actuate your

fingers um are located the vast majority

of the of your finger strength is

actually coming from your

forearm um and your fingers are being

operated by tendons little

strings that that's and so the current

current version of the Optimus hand uh

has the actuators in the hand and has

only 11 degrees of freedom so it can't

it's not as doesn't have all the degrees

of freedom of human hand which has

depending on how you count it roughly 25

degrees of freedom um and

uh and and and and it's also like not

strong enough in certain ways because

the actuators have to fit in the hand um

so the Next Generation Optimus hand uh

which we have in Prototype form

uh the the actuators have moved to the

forearm just like a human and they

operate the the fingers through cables

just like a human hand and uh and then

the next Generation had has 22 degrees

of

freedom um which we think

is enough to do almost anything that a

human can do

um and presumably I think it was written

that X and Tesla may work together and

you know provide services but my

immedate thought went to oh if you just

provide a grock to the robot then the

robot has a personality and can process

oh yeah voice and video and images and

all of that stuff as the uh as we wrap

here U I think uh you know everybody

talks about all the projects you're

working on but um people don't know you

have a great sense of humor that's not

true oh you do you do um people don't

see it but I would say one of I know for

me the funniest week of my life or one

of the funniest was when you did SNL and

we got and you you I got to tag along

maybe you saw it um maybe behind the

scenes like some of your funniest

Recollections of that chaotic insane

week when we laughed for 12 hours a day

it was a little terrorizing on the first

couple of days but yeah I was I was bit

worried the beginning there because

frankly nothing was funny um day one was

rough rough um yeah so I mean

it's like a rule but can't you guys just

say it just say the stuff that got on

the cutting some the funniest skits were

the ones that didn't let you do that's

what I'm saying can you just say there

were a couple of funny ones yeah that

they didn't let you you can say it so

that he doesn't get I mean how much time

do we have here well we should just give

one or two because it

was in your mind which one do we regret

most not getting on

air you really want to hear that I I

mean I mean it was a little I see it was

a little

funny

okay here we go all right here we go

guys all right so one of the things that

um I think everyone's been sort of

wondering this whole time is is Saturday

night Saturday Night Live actually live

like live live live live or do they have

like a delay or like just in case you

know there's a wardrobe malfunction or

something like that uh is it like a you

knowu 5sec delay what's really going on

but there's a there's a way to test this

right we came out the way there's a way

to test this um which is we don't tell

them what's going on as I I W on and

says this is the script I throw it on

the ground we're going to find out

tonight right now it's Saturday if sat

night life is actually

live and the way that we're going to do

this is I'm going to take my [ __ ]

[Applause]

out this is the greatest pitch ever and

and if if if if you see my

[ __ ] you know it's

true and if you don't it's been a lie

it's been a lie all these years all

these years now this is we're going to

bust them right now and this we're

pitching this yeah yeah so ping this on

Zoom yeah ping this on zoom on like a

Monday after like yeah we're like kind

of hung over from the weekend and like

Ping thisi and and and it's h it's you

know Jason's on um and uh Mike and you

yeah and Mike uh you know got like you

know who my friends who I think are sort

of you know quite funny um you know uh

Jason's quite funny I think like like

Jason's the closest thing to Cartman

that exists in the real in real life

we have a joke that he's Butters and I'm

Cartman yeah so um and then my friend

Mike's Prett funny too so so we we come

in like like just like guns blazing guns

blazing with with like ideas and we

didn't realize like actually you know

that's not how it works and and and uh

that that it's normally like actors and

and they just get told what to do and

like oh right well you mean we can't

just like do funny things that we

thought of what there watching this and

on the zoom they're a

gas pitch yeah it's silence like so I'm

like and I'm like and I was like is this

thing working is this are we muted is is

our mic on they're like we hear you yeah

and then and then after a long silence

like Mike's Mike just says the word

crickets crickets and they're not

laughing they're going to not even going

to chugle like what's going on and then

Elon explains the punchline yes which is

exactly so there's more to it okay yes

that's just the

beginning so Elon says so so then I'm so

I'm like so so so so I said like I'm I'm

I'm going to I'm going to reach

[Laughter]

down into my pet into my pants and and I

stick my hand on my pants and I'm going

and I'm and I'm going to pull my co and

I tell this to the audience and the

audience is going to be like

go right and and and and and then and

and then and then and then I pull out a

a a baby

rooster you know yes and it's like okay

this is kind of PG you know it's like

that not that bad it's like it's this is

my tiny [ __ ]

and

and and it's like what do you think uh

and so then and do you think it's an ice

coock I mean I like it I pitch I'm like

and then Kate McKennon walks out yeah

exactly and I'm like oh no but you

haven't heard half of it Kate mcken

comes out yeah and she says Elon

expected you would have a bigger [ __ ]

yeah I like I I don't mean to disappoint

you Kate but yeah um but I I I hope you

like it anyway

um but Kate's got to come out with with

with her cat okay right uh so and Kate

says you see where you can see where

this is going and I say nice wow that's

that's a that's a that's a nice [ __ ]

you've got there

Kate wow that's amazing um it looks a

little wet was it raining

outside and then

um do you mind if I stroke your [ __ ] is

that cool it's like oh no Elon actually

can I hold your [ __ ] of course of course

Kate you definely hold my [ __ ] um and

and then you know we exchang and I think

just the audio version of this is pretty

good right um and and and um you know so

it's like wow you I really like um

stroking your [ __ ] and I was like

I and then you say I'm really enjoying

strug at your [ __ ] yes of course and um

yeah so you know they're looking at us

like oh my god what have we done

inviting these lunatics on the

program yeah they said they said like

well um it is uh it is Mother's

Day it's Mother's Day we might not want

to go with this one the mom's in the

audience and I'm like well that's a good

point well fair fair it might be a bit

uncomfortable for all the moms in the

audience maybe I don't know I don't know

maybe they'll dig it maybe they like it

uh so yeah that

was that's the um that's the that's the

that's the um cold open that didn't make

it we didn't get that on the air um but

uh we did fight for Doge yes and we got

Doge on the air Ian there's a bunch of

things that I said that were just not on

the script like they have these like Q

cards for what you're supposed to say

and I just didn't say it I just went off

off the rails yeah they didn't see that

coming yeah it's live well it's

live and uh so the Elon wanted to do

Doge this is the other one and he wanted

to do Doge on late night and he says um

Hey Jake Al can you um make sure oh yeah

so I want yeah I wanted to do the Doge

father like you sort of redo the you

know that scene from uh the the to

Godfather I mean you kind of need the

music to cue things

up you bring me on my daughter's

wedding listen you ask for Doge yeah you

got R and I give you Bitcoin but you

want do exactly you really got to set

the mood you have to have tuxedo

andice you got to have like

Mar you come to me on this day of my

Do's wedding

and you ask me for your private

keys are you even a friend you'll call

me the Dodge

father so b

b know so that has potential they had

great potential so they come to me and

I'm I'm talking to Colin um and Jo who's

got a great sense of humor and he's

amazing he loves Elon and he's like we

can't do it because of the law and stuff

like that and

the law and liability so I said it's

okay Elon called Comcast and he put in

an offer and they just accepted it we

just bought NBC so it's fine yeah and

Colin Joe looks at me I sold this so

good and he's like you're you're serious

I'm like yep we own NBC now yeah and

he's like okay well that kind of changes

things doesn't it I'm like absolutely

where're a go on on Doge yeah and then

he's like you're [ __ ] with me and I'm

I'm [ __ ] with

you or are we or are

we it was the greatest week of and that

like is like two of 10 stories yeah we

got yeah we got we'll save the other

eight yeah but it was and I was just so

happy for you to see you have a great

week of just joy and fun and letting go

cuz you were launching Rockets you're

dealing with so much [ __ ] in your

life to have those moments yeah to share

them and just laugh um it was just so

great and more of those moments I think

we got to we got to get you back on SNL

who wants them back on SNL one more time

all right ladies and gentlemen our

bestie Elon Musk

[Applause]

[Laughter]

[Applause]