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Tesla Daily: Tesla News & Analysis

Elon Musk Explains Rivian Lawsuit, Tesla Short/Long Term Goals, Succession Planning, Chair Sells Shares, Ford CEO Retires (08.04.20)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 4 August 2020

⏱️ 11 minutes

🧾️ Download transcript

Summary

➤ In a part three of a new interview with Automotive News, Tesla CEO Elon Musk talks about Tesla’s lawsuit of Rivian, his involvement in Tesla, succession planning, short and long term goals, regulatory credits, and more
➤ Part one recap available here: https://youtu.be/IlNUr2ZFVTE
➤ Part two recap available here: https://youtu.be/9NR1fZx_BIY
➤ Link to part three interview: https://www.autonews.com/weekend-drive-podcast/daily-drive-podcast-august-4-2020-one-one-elon-musk-part-3-autopilot
➤ TSLA chairwoman Robyn Denholm sells $39M of TSLA stock
➤ Ford announces CEO change

Twitter: https://www.twitter.com/teslapodcast
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Plaid producer Who Why
Ludicrous producer Fred Hassen
Executive producer Rish Singh
Executive producer Jeremy Cooke
Executive producer Nick Wood
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre Kent
Executive producer Bryce Langlotz
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody Rob Maower here and today we are talking about the final part

0:11.0

of Elon Musk's three-part interview series with Automotive News.

0:14.5

And then other than that, it's been a relatively quiet day for Tesla, but we do have a couple other items

0:18.2

as well.

0:19.2

As always, I would recommend listening to the full interview and that link will be in the show notes. All right, I'll

0:23.7

recap this kind of how the interview was structured so first off they talked about

0:26.7

Musk's future with Tesla and if he might take a step back operationally

0:30.3

here sometime soon if you remember the history of Tesla Elon Musk at some point had said that that was probably a likelihood for him.

0:36.0

But a few years back things definitely changed and it seemed like Elon was all in on Tesla and envisioned

0:41.0

being the CEO and running the company for quite a long time.

0:43.7

He echoed that sentiment strongly in this interview saying quote I think for some

0:47.8

number of years in the future I will continue to run the company in a way that I think

0:51.2

will enable us to make great products that people love and provide those products all around the world and just kind of complete the roadmap that we've laid out for many years."

1:00.0

The line of questioning then centered around if Musk was actively succession planning for himself or what that sort of looked like for Tesla.

1:06.5

He really said that's not something that they're thinking a whole lot about right now, or that he's thinking about,

1:11.0

but he has no disillusionment of running Tesla forever he said

1:13.6

obviously at some point he'll become old and infirm as he described it and somebody else

1:18.1

at that point would obviously need to take over but the main point here is that it's

1:21.6

far off in the future.

1:23.0

They also talked a little bit here about organizational structure and management retention.

1:27.0

On the structure, Elon pointed out that it's really important as the company grows to reinvent and restructure because what works on a small scale isn't necessarily going to work on a large scale.

1:36.0

He likened it to a creature as it grows. It changes from cells, collection of cells, to growing organs, a nervous system, etc.

...

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