Transcript

So one commentator wrote in response to one of your

salvos against Musk, Here's the harsh reality

for investors and analysts: Elon Musk is smarter

than all of us.

What do you think whenever you hear that

such-and-such CEO figure is smarter than all of us?

Yeah, I remember.

A company that

you and I had something to do with

Jeff Skilling was considered, yeah,

they were called, actually, the smartest guys in the room,

as I recall.

Um, and,

and there's a difference sometimes between

being smart and being clever.

Look, I have no.

I have no doubt on Mr. Musk's intelligence.

On the other hand, I'm analyzing the company.

And his, two of his companies, Solar City and Tesla.

And the fact of the matter is is that,

that this is company, in Tesla's case, that is

now really going to need to step up the production,

it is going to be competing against Mercedes,

Audi, Vws, finally,

who are bringing product lines as an OEM,

and this is a car company.

This is not a high technology company

in that people forget that battery technology's

been around for a long time.

It's now subject to Moore's Law.

It's, uh, basic chemical reactions.

The battery technology is Panasonic's, not Tesla's.

A lot of people are continually stunned to find that out.

And has been leap-frogged already by most of the other OEMs.

Making the Gigafactory somewhat of a giant white elephant

out there in the Nevada desert.

And then on top of that, he tries to buy Solar City,

which is basically roofing company with a consumer financial

arm attached to it, it's not a high tech company.

And, and it's not a very economic business,

in and of itself, selling you power

at 17 cents a kilowatt hour.

Um, so.

The whole thing is just sorta this melange

of publicly traded and privately traded science projects,

sorta gone awry.