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Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t30.0
|
I'll show you that I am, yeah, yeah, yeah I'm unstoppable, I'm a Porsche with no brakes
| 30
| 53.6
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t43.28
|
I'm invincible, and I win every single day Mine's so powerful, I don't need batteries
| 43.28
| 60.16
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t53.6
|
I'm so confident, yeah, I'm unstoppable today
| 53.6
| 64.72
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t60.160000000000004
|
You know, there are American heroes who don't like this idea.
| 60.16
| 70.56
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t64.72
|
Neil Armstrong, Gene Cernan have both testified against commercial spaceflight and the way
| 64.72
| 75.12
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t70.56
|
that you're developing it, and I wonder what you think of that.
| 70.56
| 82.48
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t75.12
|
I was very sad to see that, because those guys are, yeah, those guys are heroes of mine,
| 75.12
| 84.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t82.48
|
so it's really tough.
| 82.48
| 91.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t84.32000000000001
|
When you had that third failure in a row, did you think, I need to pack this in?
| 84.32
| 92.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t91.44
|
Never.
| 91.44
| 93.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t92.44
|
Why not?
| 92.44
| 94.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t93.44
|
I don't ever give up.
| 93.44
| 113.72
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t94.44
|
You know, I'll tell you something.
| 94.44
| 117.48
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t113.72
|
Every time I see that clip, it chills me, every single time.
| 113.72
| 122.08
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t117.47999999999999
|
And I look at it a lot.
| 117.48
| 124.16
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t122.08
|
So thank you very much for coming here.
| 122.08
| 126.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t124.16
|
I know it's not convenient, it's not around the corner.
| 124.16
| 127.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t126.32
|
I'm really appreciative.
| 126.32
| 128.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t127.32
|
Absolutely.
| 127.32
| 129.88
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t128.32
|
Thank you for having me.
| 128.32
| 135.2
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t129.88
|
I was on a red-eye flight, so I'm a little slower than normal, just I didn't get much
| 129.88
| 136.2
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t135.2
|
sleep.
| 135.2
| 143.84
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t136.2
|
You know, that's sort of my first question, is that, so you're 51?
| 136.2
| 144.84
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t143.84
|
Yeah.
| 143.84
| 149.6
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t144.84
|
I'm not, no spring, I think I'm safely not a spring chicken anymore.
| 144.84
| 152
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t149.6
|
Help, late summer chicken?
| 149.6
| 153
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t152.0
|
I'm 79.
| 152
| 158.28
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t153.0
|
Yes, but you, I mean, you look great.
| 153
| 165.64
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t158.28
|
So you're 51, and you do 16-hour days, and you work seven hours a week, and you fly all
| 158.28
| 171.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t165.64
|
over the place, and you go to these meetings constantly, and people constantly criticize
| 165.64
| 172.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t171.4
|
you for everything.
| 171.4
| 173.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t172.4
|
It's amazing to me.
| 172.4
| 175.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t173.4
|
I mean, you're changing the world, and you're giving yourself.
| 173.4
| 176.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t175.44
|
Why do you do this?
| 175.44
| 179.36
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t176.44
|
So my wife says to me, why are you still working?
| 176.44
| 180.36
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t179.36
|
Why are you still working?
| 179.36
| 181.36
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t180.36
|
What are you doing here?
| 180.36
| 190.04
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t181.36
|
Well, I think what I'm working on has an important effect on the future.
| 181.36
| 198.16
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t190.04000000000002
|
You know, in the case of Tesla, I think it's fair to say that Tesla has significantly accelerated
| 190.04
| 201.88
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t198.16000000000003
|
the advent of sustainable energy.
| 198.16
| 208.68
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t201.88000000000002
|
You know, before Tesla, no one was doing electric cars, and now, as a result of Tesla, I think
| 201.88
| 217.2
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t208.68
|
almost every major car company in the world is building electric cars, and I think that's
| 208.68
| 218.2
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t217.20000000000002
|
a pretty big deal.
| 217.2
| 224.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t218.20000000000002
|
But there's still a long way to go to transition the world to a sustainable energy economy,
| 218.2
| 230.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t224.4
|
and so we still have a lot of work ahead of us at Tesla, but that's our goal there.
| 224.4
| 237.84
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t230.4
|
And then for SpaceX, I think it's important for the future to be exciting, and for humanity's
| 230.4
| 244.16
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t237.84
|
existence to be ensured over the long term, I think we must become a multi-planet species
| 237.84
| 247.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t244.16
|
and a space-bearing civilization.
| 244.16
| 260.24
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t247.32
|
You know, I think we're here like four and a half billion years after Earth got started,
| 247.32
| 267.64
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t260.24
|
13.8 billion years into the age of the universe, and it's only now, recently, in the last five
| 260.24
| 270.72
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t267.64
|
thousand years that we even invented writing.
| 267.64
| 277.68
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t270.71999999999997
|
I would say date the first civilization by when there was the first writing, which was
| 270.72
| 282.88
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t277.68
|
in ancient Sumeria around five or six thousand years ago.
| 277.68
| 287.72
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t282.88
|
So we've basically just been here for a very brief instant.
| 282.88
| 288.72
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t287.71999999999997
|
A blink.
| 287.72
| 296.68
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t288.71999999999997
|
All of human civilization is a blink of an eye, if there was an eye, on an evolutionary
| 288.72
| 298.24
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t296.68
|
time scale.
| 296.68
| 302.92
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t298.24
|
So I think it's important we take the actions to ensure that the light of consciousness
| 298.24
| 312.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t302.92
|
continues, because we should really view consciousness as a small candle in a vast darkness, and
| 302.92
| 314.24
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t312.32
|
it can easily go out.
| 312.32
| 321.56
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t314.24
|
So you have these missions, and somehow, whenever you have a mission and you have this vision,
| 314.24
| 327.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t321.56
|
and you are a visionary, that somehow, whatever you do, you develop other businesses.
| 321.56
| 331.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t327.44
|
So when you started SpaceX, you didn't think about satellites.
| 327.44
| 334.48
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t331.4
|
When you started Tesla, you didn't think about robots.
| 331.4
| 339.04
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t334.48
|
When you don't have enough people, you didn't think about robots.
| 334.48
| 341.8
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t339.04
|
So you didn't think about autonomous driving.
| 339.04
| 345.52
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t341.8
|
And without Elon, there would not be electric cars.
| 341.8
| 347.76
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t345.52
|
Nobody who makes cars wants to make electric cars.
| 345.52
| 349.12
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t347.76
|
They're being forced to make them.
| 347.76
| 354.72
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t349.12
|
In fact, every time they sell an electric car, they sell one fewer car that they make
| 349.12
| 355.72
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t354.72
|
money on.
| 354.72
| 359.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t355.72
|
And they have all that money invested in plants that make those other cars.
| 355.72
| 362.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t359.32
|
So nobody wants to have these cars except for him.
| 359.32
| 366.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t362.32
|
And everybody thought it was going to fail.
| 362.32
| 371.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t366.4
|
And one of the things you said is that patents are for the weak.
| 366.4
| 373.52
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t371.32
|
And you share your patents.
| 371.32
| 377.92
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t373.52
|
And with other companies, of course, on the other hand, when they get your patents, you're
| 373.52
| 379.84
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t377.92
|
two or three years ahead of them.
| 377.92
| 384.04
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t379.84000000000003
|
Well, I mean, I was joking about patents for the weak.
| 379.84
| 385.84
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t384.04
|
I think there is a role for patents.
| 384.04
| 391.48
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t385.84000000000003
|
Let's say if some company has spent a lot of money developing a particular medicine
| 385.84
| 397.16
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t391.48
|
and had to go through the expense of stage three medical trials, and then they finally
| 391.48
| 402.6
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t397.16
|
get something that is approved, but where the drug itself is cheap to manufacture, then
| 397.16
| 404.56
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t402.6
|
I think a patent in that case makes sense.
| 402.6
| 409.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t404.56
|
Otherwise, no one would go to the trouble of doing stage three medical trials.
| 404.56
| 411.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t409.4
|
There are definitely roles for patents.
| 409.4
| 417.12
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t411.32
|
In the case of Tesla, our goal is to advance sustainable energy.
| 411.32
| 421.52
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t417.12
|
And so we can't just do it by ourselves.
| 417.12
| 423.72
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t421.52
|
We need the whole industry to go that way.
| 421.52
| 430.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t423.72
|
So we gave them our patents for free in order to help them accelerate electric vehicles.
| 423.72
| 436.88
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t430.44
|
So it must be terrifying to other companies to realize that when we make cars, it's $39,000
| 430.44
| 443
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t436.88
|
in cost a car, and we're making $15,000, $16,000 in profit a car.
| 436.88
| 448.12
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t443.0
|
And so we invest $7 billion, and we make $15 billion a year.
| 443
| 450.12
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t448.12
|
I'm sorry.
| 448.12
| 451.12
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t450.12
|
Yeah.
| 450.12
| 452.12
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t451.12
|
15, right.
| 451.12
| 459.8
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t452.12
|
A million cars, $15,000, 15 million a year on a $7 million investment.
| 452.12
| 460.8
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t459.8
|
It's shocking.
| 459.8
| 462.28
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t460.8
|
So no one else does that.
| 460.8
| 469.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t462.28000000000003
|
And here you're telling us how you want to make cars for $20,000 a piece.
| 462.28
| 471.44
|
End of preview. Expand
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