Land of the Giants: How Tesla became the Elon Musk Co.

Channels with Peter Kafka

Vox Media Podcast Network

Business News, News, Tv & Film, Technology

4.4 • 585 Ratings

🗓️ 10 August 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, a quick update on Disney’s deal to get into sports betting. Then, we’re bringing you an episode of The Verge’s latest season of Land of the Giants, The Tesla Shock Wave. This episode tells the story of how Elon Musk joined the electric car company - and how he eventually led a coup against the original founders. Musk went on to make the car company’s brand synonymous with his own, which was great for Tesla… until it wasn’t. Hosted by Tamara Warren (@tamaratam) and Patrick George (@bypatrickgeorge) Host: Peter Kafka (@pkafka), Senior Editor at Recode More to explore: Subscribe for free to Recode Media, Peter Kafka, one of the media industry's most acclaimed reporters, talks to business titans, journalists, comedians, and more to get their take on today's media landscape. About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:59.2	slash voxpod this is recode media with peter kofka that's me and today we've got a special episode for you. More on that
1:12.8	in a minute. But first, just a quick note on the Disney ESPN sports betting news that broke this
1:17.9	week. I wrote about it in Box.com. You can read all my thoughts there. But to recap, Disney, a company
1:24.3	that spent years insisting would have nothing to do with gambling and sports betting is now fully in the sports betting business.
1:30.3	It's struck a deal with Penn Entertainment. It's a pretty small betting company.
1:33.3	Penn is going to pay Disney $2 billion over 10 years in cash in stock.
1:38.3	ESPN is going to promote all a pen on air. You're going to see a lot of sports betting content on air, I'm pretty sure.
1:44.8	And Penn's operations are going to be called now ESPN bet, which is kind of funny name.
1:50.4	Like I wrote of my story, the deal tells you several things. For instance, sports betting is
1:54.9	really big. You knew that, but this is just a further confirmation. It's big enough that even
1:59.0	Disney is willing to do business with
2:01.2	sports betting companies. And two, ESPN's clout is not what it used to be, which is why ESPN is
2:08.1	not doing this deal with a really big gaming company like MGM or Fandil or Draft Kings. Those guys
2:14.1	don't need ESPN's brand to be big in sports betting. They already are. This might have been
2:19.7	different five years ago, 10 years ago, but now it's 2023, and that's why ESPN is doing a deal with
	...

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