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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-t469.32
|
How do you do that?
| 469.32
| 476.76
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t471.44
|
Well, we've not formally announced our next car program.
| 471.44
| 483.24
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t476.76
|
So I can't talk too much about our upcoming vehicle program or programs that have not
| 476.76
| 484.24
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t483.24
|
been announced.
| 483.24
| 492.84
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t484.24
|
But we do expect to make cars that are more affordable than the current Model 3 or Model
| 484.24
| 493.84
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t492.84000000000003
|
Y.
| 492.84
| 499.76
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t493.84000000000003
|
So and a big factor in this is...
| 493.84
| 502.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t499.76
|
Yeah.
| 499.76
| 512.76
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t502.44
|
But I think by far the biggest factor is autonomy in terms of the value of a car.
| 502.44
| 518.6
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t512.76
|
Because right now cars get driven for about 10 or 12 hours a week, like maybe one and
| 512.76
| 520.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t518.6
|
a half hours a day.
| 518.6
| 521.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t520.4
|
And so...
| 520.4
| 526.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t521.4
|
But there's 168 hours in a week.
| 521.4
| 528.52
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t526.4399999999999
|
And so if they were autonomous, you could probably drive...
| 526.44
| 531.52
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t528.52
|
The cars could drive for 50 or 60 hours.
| 528.52
| 539.72
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t531.52
|
So you would see a fivefold increase in the utility of a car, you know, that can do autonomy.
| 531.52
| 541.96
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t539.72
|
This is a really, really gigantic thing.
| 539.72
| 548.6
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t541.96
|
It would also mean that we wouldn't need anywhere near as many parking lots.
| 541.96
| 553.48
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t548.6
|
And this would also be helpful for the environment because you would need far fewer cars.
| 548.6
| 554.48
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t553.48
|
So I misspoke.
| 553.48
| 559.56
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t554.48
|
It was a $7 billion investment for a plant that makes a million cars a year that makes
| 554.48
| 561.04
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t559.5600000000001
|
$15 billion a year in profits.
| 559.56
| 565.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t561.0400000000001
|
So you invest $7 billion and you make $15 billion a year.
| 561.04
| 566.68
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t565.4000000000001
|
Who does that?
| 565.4
| 572.68
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t566.68
|
And for a plant that makes, you know, things, manufacturing.
| 566.68
| 576.8
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t572.68
|
And so the way this is accomplished is...
| 572.68
| 578.96
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t576.8
|
So you're doing it with casting right now.
| 576.8
| 583.16
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t578.9599999999999
|
And casting half of the car, you can soon cast the other half of the car.
| 578.96
| 586.64
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t583.16
|
And other companies, why don't they try?
| 583.16
| 588.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t586.64
|
Why don't they try to do what we're doing?
| 586.64
| 594.16
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t588.4
|
In fact, one of the executives of another automobile company wanted me to introduce
| 588.4
| 595.8
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t594.16
|
her to you.
| 594.16
| 597.6
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t595.8
|
And you did that once at a meeting.
| 595.8
| 603.28
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t597.5999999999999
|
And now she wants to come visit with her director of engineering at our plant in Austin.
| 597.6
| 606.68
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t603.28
|
And I presume when I ask you, you're going to say, yeah, bring her on.
| 603.28
| 611.76
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t606.68
|
Because you innovate so fast, by the time anyone copies what we're doing, it's gone
| 606.68
| 613.24
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t611.76
|
to something else.
| 611.76
| 614.24
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t613.24
|
What else is there?
| 613.24
| 619.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t614.24
|
When you're casting, what else is there that enables us to make it cheaper?
| 614.24
| 621.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t619.3199999999999
|
We are eliminating a lot of other parts.
| 619.32
| 622.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t621.3199999999999
|
We're eliminating functions.
| 621.32
| 625.24
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t622.3199999999999
|
What are we doing to do that?
| 622.32
| 628.92
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t625.24
|
How do we sell a car that's so cheap?
| 625.24
| 635.12
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t628.92
|
I think the full explanation or at least an accurate explanation would take a long time.
| 628.92
| 642.04
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t635.12
|
Because at first approximation, a car is made of 10,000 unique parts and process steps.
| 635.12
| 650.08
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t642.04
|
And Tesla is really, I think at this point, probably the best at manufacturing in the
| 642.04
| 653.56
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t650.08
|
auto industry, which I think nobody was expecting.
| 650.08
| 657.68
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t653.56
|
Probably in the history of the world.
| 653.56
| 658.68
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t657.68
|
Probably.
| 657.68
| 659.68
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t658.68
|
Yeah.
| 658.68
| 673.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t659.68
|
So, well, I've got this like first principles algorithm that I find to be very helpful in
| 659.68
| 679.56
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t673.4399999999999
|
the design and manufacturing of anything.
| 673.44
| 682.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t679.56
|
People here may find it helpful.
| 679.56
| 689.88
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t682.44
|
The first thing you should do is make the requirements that you've been given less
| 682.44
| 691.96
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t689.8800000000001
|
dumb.
| 689.88
| 696.76
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t691.96
|
Whatever constraints and requirements were given, they were to some degree dumb and you
| 691.96
| 697.76
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t696.7600000000001
|
want to make them less dumb.
| 696.76
| 705.88
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t697.7600000000001
|
If you don't start with this, then you get the right answer to the wrong question.
| 697.76
| 711.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t705.8800000000001
|
And the requirements must be given from a person who can explain the requirement, not
| 705.88
| 712.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t711.44
|
from a department.
| 711.44
| 717.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t712.44
|
Because then you don't know who to talk to.
| 712.44
| 723.32
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t717.4000000000001
|
Then step two is delete the part or delete the process step.
| 717.4
| 726.12
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t723.32
|
This sounds extremely obvious.
| 723.32
| 732.2
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t726.12
|
And yet over and over again, we have found that parts were not needed.
| 726.12
| 737.08
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t732.2
|
They were just put in there just in case or by mistake.
| 732.2
| 741.68
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t737.08
|
Or there was a step that people, someone thought was needed, but was not actually needed.
| 737.08
| 747.28
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t741.6800000000001
|
This sounds insanely obvious, but we've deleted so many parts from the car that were did nothing.
| 741.68
| 750.08
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t747.2800000000001
|
They were just there?
| 747.28
| 751.08
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t750.08
|
Well, yeah.
| 750.08
| 757.92
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t751.08
|
I mean, I can give you so many examples.
| 751.08
| 764.6
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t757.9200000000001
|
One example was there were three fiberglass mats on top of the battery pack.
| 757.92
| 768.56
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t764.6
|
They partially covered the battery pack.
| 764.6
| 772.96
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t768.5600000000001
|
I was on the battery pack production line and it was the number one thing choking battery
| 768.56
| 773.96
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t772.96
|
pack production.
| 772.96
| 781.08
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t773.96
|
We were gluing on these three fiberglass mats to the top of the battery pack.
| 773.96
| 785.66
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t781.08
|
So the reason I repeat this over and over again myself is that I first did things backwards.
| 781.08
| 788.42
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t785.66
|
First I tried to automate it.
| 785.66
| 793.76
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t788.4200000000001
|
Then I tried to accelerate it, just have this go faster.
| 788.42
| 800.76
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t793.76
|
Then I tried to simplify it and only then did I delete it.
| 793.76
| 811.72
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t800.76
|
Because it turned out that the team at Tesla that does noise and vibration minimization,
| 800.76
| 817.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t811.72
|
so making the car quiet, thought that the fiberglass mats were there because of the
| 811.72
| 821.84
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t817.4
|
battery safety team, which were battery fire prevention.
| 817.4
| 826.04
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t821.84
|
And then I asked the battery fire prevention team what were they needed for and they said,
| 821.84
| 827.04
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t826.0400000000001
|
oh, noise and vibration.
| 826.04
| 832.2
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t827.0400000000001
|
I'm like, okay.
| 827.04
| 838.48
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t832.2
|
So then we had two cars drive, one with a microphone in the car, in each car, and you
| 832.2
| 840.26
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t838.48
|
could not tell the difference.
| 838.48
| 845.08
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t840.26
|
So we went to all that trouble for a part that should not exist.
| 840.26
| 851.4
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t845.08
|
And then another example was there was a, again, this was like, these were choke points
| 845.08
| 852.8
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t851.4
|
in the entire production system.
| 851.4
| 857.52
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t852.8
|
That's why I'm running around the production line trying to fix the production line, just
| 852.8
| 864.48
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t857.52
|
like a maniac, a Tasmanian devil, just running around the factory like a lunatic.
| 857.52
| 871.08
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t864.48
|
And let's see, we had the body production line in a Model 3 was at one point stuck because
| 864.48
| 879.44
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t871.0799999999999
|
we had a laser welding cell to weld a small cross car beam in the passenger footwell of
| 871.08
| 881.68
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t879.44
|
the front seats.
| 879.44
| 886.16
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t881.6800000000001
|
And I'm looking at this sort of this beam and I'm like, what the heck does that do?
| 881.68
| 894.8
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t886.1600000000001
|
Because the entire factory stopped trying to get the laser weld cell to work.
| 886.16
| 898.6
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t894.8000000000001
|
And I'm like, I can't imagine what a useful thing it could do.
| 894.8
| 902.2
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t898.6
|
And then the production team said, oh, that's for crash safety.
| 898.6
| 905.56
|
Ron Baron Interviews Elon Musk at the 29th Annual Baron Investment Conference
| 2023-01-04T17:38:21
|
https://youtu.be/E-squeb0YJA
|
E-squeb0YJA-t902.2
|
So then I called the crash safety team and said, is this for crash safety?
| 902.2
| 909.64
|
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