Elon Musk Talks Stock Market, Tesla and the future
08:02 Share

Um, I think I just won my taxes. Yeah? I just switched to H&R Block in about one minute. All I had to do was drag and drop last year's return into H&R Block and bam, my information is automatically there. So I don't have to go digging around for all my old papers to switch? Nope. Sounds like we just leveled up our tax game. Switching to H&R Block is easy. Just drag and drop your last return. It's better with Block.

Hi, this is Debbie, your Blinds.com design consultant. Oh, wow. A real person. Yep. I am here to help you with everything from selecting the perfect window treatments to... Well, I've got a complicated project. Oh, not a problem. I can even schedule a professional measure and install. We can also send you samples fast and free. Hmm. I just might have to do more. Oh, okay. So the first room we're looking at is for guests... Shop Blinds.com now and save up to 45% on select styles. Blinds.com. Rules and restrictions may apply.

The PC gave us computing power at home, the internet connected us, and mobile let us do it pretty much anywhere. Now generative AI lets us communicate with technology in our own language, using our own senses. But figuring it all out when you're living through it is a totally different story. Welcome to Leading the Shift.

a new podcast from Microsoft Azure. I'm your host, Susan Etlinger. In each episode, leaders will share what they're learning to help you navigate all this change with confidence. Please join us. Listen and subscribe wherever you get your podcasts.

Hey, everybody. Welcome back to the Elon Musk podcast. This is a show where we discuss the critical crossroads that shape SpaceX, Tesla, X, The Boring Company, and Neuralink. And I'm your host, Will Walden. If you want uninterrupted episodes of the Elon Musk podcast, please go to clubelon.supercast.com to find out how. There's a link in the show notes.

What advice would you give a young person like getting into the stock market? Oh, stock advice. Wow. Yes, sir. Yes, sir. As I think people can perhaps tell who are watching this, these questions are not prepared in advance. This is literally random questions from the crowd, which is cool. Actually, I'm fine with that. And I think the

It's going to sound very straightforward, but you want to really buy stock in companies where you think the products that that company makes will be better in the future. Is that company going to make more and better products?

Or like do you love the products that that company makes and are they going to keep doing that and and like I think tells it as I've just gone through Tesla's gonna is made has a track record of having made many great products and we're gonna make many more future great products and We're gonna scale production and I think we've demonstrated a level of innovation. That is extremely rare and

I mean, certainly by far the most innovative company in the car industry, like not even close type of thing. So, you know, I do think Tesla stock actually long, I think long term with Optimus and self-driving, Tesla will probably be the most valuable company in the world.

But there are also other companies out there that make great products and services. So I think that's the way you want to look at it. Say like, do you think this product, because that's the reason why companies exist, is to make great products and services. So if you think that a company is going to improve over time, then buy the stock. And if you don't, then don't. And then the stock market is a very strange thing. It's kind of like, you know, I think it's Warren Buffett's sort of

metaphor or analogy is, you know, stock market's like having someone stand at the edge of your property or your house and yell prices to buy or sell your house every day. And like sometimes they take their meds and sometimes they don't, you know. So sometimes the person yelling the price of your house is having a good day and sometimes they're having a bad day. But it's still the same house. You're like, I'm like, it's literally still the same house. Like,

So Tesla stock goes up and it goes down, but actually it's still the same company. It's just people's perception of the future. I don't know, I guess it's just very emotional. But for me, while it's difficult to predict how things will be in the next, say, six to 12 months, if you say where will things be in three years or five years, the future of Tesla is incredibly bright.

I think what we'll find with the robots is that there'll be a ratio of people to robots. So you'll effectively end up managing a group of robots. So, you know, you'll have like basically, I don't know, your flock or your little group of robots that you take care of and you tell them what to do. And I don't know, you'll have a little pack of robots, basically. Yeah, you're promoted to manager. One way to think of it.

I think the same thing will be true of cars. Like, so for the self-driving cars, is that people that are, say, you know, Uber drivers today or something like that or taxi drivers today will end up managing a fleet of cars. And that'll be a much more effective use of their time, you know, just taking care of, like, 10, 20 cars or however many they can take care of. Yeah, I mean, I'd actually love to make airplanes especially, but...

Stretched pretty thin so I've like 17 jobs At this point. I just go to sleep work go to sleep and then do that seven days a week pretty much People say like where do you go on vacation? I'm like, what's that? You know But I guess I like being productive. I like getting things done So I guess I could choose to be like on an island somewhere sub into Mai Tai, you know with attractive people in bikinis and stuff and

Wait, why am I not doing that? What? What a fool I've been. So, yeah, I've actually thought about aircraft designs for a long time. And I think there's an interesting opportunity to make like an electric supersonic VTOL jet. The VTOL is like cherry on the cake, but certainly

electric electric long-range fast electric airplane would be very cool. You know maybe at some point we'll do that. Yeah that'd be kind of fun. We do have the ingredients for it so

More rewards, more savings. With American Express Business Gold, earn up to $395 back in annual statement credits on eligible purchases at select shipping, food delivery, and retail subscription merchants, including the $155 Walmart Plus monthly membership credit and $240 flexible business credit. Enjoy the benefits of membership with the Amex Business Gold Card. Terms apply. Learn more at americanexpress.com slash business dash gold. Amex Business Gold Card, built for business by American Express.

And then there is the potential for, you know, like thinking like pretty far into the future here of not a conventional train, but that sort of hyperloop, essentially vacuum tunnels, like tunnels where you draw a vacuum so there's no air resistance and you have very high speed autonomous electric pods in a vacuum tube.

vacuum tunnel That would allow you to go from city center to city center much faster than any airplane could possibly go because going into the into the an underground vacuum tunnel would It'd be like teleporting to super high altitude effectively Which no plane could do and then it could deliver you right to the center of a city and that I don't maybe that's some future collaboration with boring company and Tesla and

I've got a million ideas. The ideas are, I have more ideas than I know what to do with. Ideas are kind of the easy part. Execution is the hard part. As they say, it's 1% inspiration, 99% perspiration.

Hey, thank you so much for listening today. I really do appreciate your support. If you could take a second and hit this subscribe or the follow button on whatever podcast platform that you're listening on right now, I greatly appreciate it. It helps out the show tremendously and you'll never miss an episode. And each episode is about 10 minutes or less to get you caught up quickly. And please, if you want to support the show even more, go to patreon.com slash stage zero.

And please take care of yourselves and each other. And I'll see you tomorrow.