1 00:00:09,763 --> 00:00:13,363 If you had to describe Elon to alien, how would you describe him? 2 00:00:13,523 --> 00:00:16,483 Well, I think of Elon as the alien... 3 00:00:16,643 --> 00:00:20,043 Meets your fellow countrymen. No. 4 00:00:20,203 --> 00:00:22,843 I'd say Elon is almost the most human, human. 5 00:00:23,003 --> 00:00:27,003 He could kind of see the way the world was going in a way I just, 6 00:00:27,163 --> 00:00:28,723 I just did not understand. 7 00:00:28,883 --> 00:00:31,843 TESLA LIVE 8 00:00:44,523 --> 00:00:48,643 Elon Musk is the richest man who has ever lived 9 00:00:48,803 --> 00:00:50,883 but says he doesn't own a house. 10 00:00:51,043 --> 00:00:53,363 He's different than a lot of other people. 11 00:00:53,523 --> 00:00:57,083 It truly embodies big thinking and risk taking. 12 00:00:59,483 --> 00:01:04,443 With a few taps from his fingers, Global Markets can crash and soar. 13 00:01:04,603 --> 00:01:07,603 CEO Elon Musk creating chaos with a single tweet. 14 00:01:07,763 --> 00:01:09,683 Bizarre shook confidence. 15 00:01:09,843 --> 00:01:14,003 He is creating a chip that can be put into our brains. 16 00:01:21,643 --> 00:01:26,163 And right now, he's building Rockets that could take a 100 people to Mars. 17 00:01:28,483 --> 00:01:30,523 His power and wealth... 18 00:01:32,163 --> 00:01:35,643 continue to grow. 19 00:01:35,803 --> 00:01:38,763 No one on earth is doing more to change the world. 20 00:01:38,923 --> 00:01:42,763 -Come on over man. -Why would you want to talk to me? 21 00:01:42,923 --> 00:01:46,683 Because you are the dude my friend. You are the dude. 22 00:01:46,843 --> 00:01:51,203 THIS IS ELON MUSK'S STORY 23 00:01:52,963 --> 00:01:55,803 He's done things that no other country can do. 24 00:01:55,963 --> 00:02:00,603 -It's quite magnificent. Yes. -You're mum and greatest champion. 25 00:02:00,763 --> 00:02:04,523 EX-WIVES FAMILY FRIENDS ENEMIES 26 00:02:04,683 --> 00:02:09,843 He's so dangerous. Completely, totally irresponsible. 27 00:02:10,003 --> 00:02:12,763 It's not as much fun being me as you think. 28 00:02:12,923 --> 00:02:15,123 I'm not sure I want to be me. 29 00:02:15,283 --> 00:02:17,963 SHOULD WE CELEBRATE HIS ACHIEVEMENTS? 30 00:02:18,123 --> 00:02:21,883 It seems strange to be handing it all over to private enterprise, 31 00:02:22,043 --> 00:02:24,483 but I guess I'm kind of stuck in the past. 32 00:02:27,163 --> 00:02:30,523 OR BE FRIGHTENED BY HIS POWER? 33 00:02:30,683 --> 00:02:33,803 -Unstable, Reckless. -I'm just being me. 34 00:02:38,603 --> 00:02:44,283 THE ELON MUSK SHOW 35 00:02:45,563 --> 00:02:48,523 We used up all 100 million. And there was big recession. 36 00:02:48,683 --> 00:02:50,203 I had to invest everything. 37 00:02:50,363 --> 00:02:54,563 Why did you want to take the risks in businesses that you've gone in to. 38 00:02:54,723 --> 00:02:57,443 Have to say at times I've wondered. 39 00:03:00,603 --> 00:03:03,843 But like, creating a company is almost like having a child. 40 00:03:04,003 --> 00:03:08,683 So it's like, how do you say your child should not have food? 41 00:03:10,283 --> 00:03:14,923 You have to feed and nurse it, take care of it, even if it ruins you. 42 00:03:15,083 --> 00:03:16,603 Yeah. 43 00:03:20,723 --> 00:03:25,523 There wasn't tough times in the end of 2008. 44 00:03:25,683 --> 00:03:28,083 How did you get through that period of crisis? 45 00:03:32,523 --> 00:03:35,843 -Can we just break for a second. -Of course. 46 00:03:39,563 --> 00:03:44,283 Man, I sure hope it was worth it. Sure hope it was worth it. 47 00:03:53,283 --> 00:03:58,603 2009 48 00:04:00,523 --> 00:04:06,163 In 2009, Elon Musk is a bruised and weary man. 49 00:04:10,443 --> 00:04:15,203 The father of five has invested all of his money in his two companies, 50 00:04:15,363 --> 00:04:20,123 SpaceX making Rockets and Tesla Electric Cars. 51 00:04:20,283 --> 00:04:23,283 Running a company does have its drawbacks. 52 00:04:23,443 --> 00:04:25,163 Friend of mine has good phrase, 53 00:04:25,323 --> 00:04:27,803 it's like eating glass and staring into abyss. 54 00:04:27,963 --> 00:04:30,323 -And you agree with that? -Yeah. 55 00:04:30,483 --> 00:04:35,123 And if you don't eat the glass, you're not going to be successful. 56 00:04:35,283 --> 00:04:36,723 This is Elon. 57 00:04:36,883 --> 00:04:40,443 Tesla narrowly scraped through last year's global financial crisis. 58 00:04:41,923 --> 00:04:46,123 And now Elon has a new car, the Model S, 59 00:04:46,283 --> 00:04:50,203 that he hopes will be the first mass produced electric car in history. 60 00:04:50,363 --> 00:04:52,243 Again, thanks for coming here. 61 00:04:52,403 --> 00:04:55,763 I think it would be pretty exciting what we're about to unveil. 62 00:04:55,923 --> 00:04:57,803 Somebody kick me that flashlight. 63 00:04:57,963 --> 00:05:01,243 I really believe that the sedan is absolute vaporware. 64 00:05:01,403 --> 00:05:03,683 There is no way Tesla has the cash on hand 65 00:05:03,843 --> 00:05:06,123 in order to be able to develop their sedan. 66 00:05:06,283 --> 00:05:08,683 This is first mass manufactured electric car. 67 00:05:08,843 --> 00:05:10,403 This is something that is... 68 00:05:10,563 --> 00:05:12,363 They've got prototype they'll show 69 00:05:12,523 --> 00:05:14,603 and they're gonna start taking deposits, 70 00:05:14,763 --> 00:05:17,763 which I find just an amazing act of God. 71 00:05:29,443 --> 00:05:32,603 It's been a very, very high workload. 72 00:05:32,763 --> 00:05:37,603 And between SpaceX, Tesla and kids that 73 00:05:37,763 --> 00:05:40,323 there's just really not enough time in the day. 74 00:05:40,483 --> 00:05:43,123 So not enough time to sleep and... 75 00:05:45,883 --> 00:05:47,843 It was really awful. 76 00:05:48,003 --> 00:05:52,003 He plowed his money into Tesla and SpaceX. 77 00:05:52,163 --> 00:05:54,003 He was under incredible stress. 78 00:05:54,163 --> 00:05:56,683 I was worried he was going to have heart attack. 79 00:05:56,843 --> 00:05:59,963 I kept thinking, God, I've just got to keep this guy alive. 80 00:06:00,123 --> 00:06:03,803 The honest answer is I'm not looking forward to the party tonight. 81 00:06:03,963 --> 00:06:06,203 All night long I'll be selling cars 82 00:06:06,363 --> 00:06:11,683 for five hours after selling cars for five hours before that. 83 00:06:13,163 --> 00:06:14,883 It won't be fun for me. 84 00:06:22,883 --> 00:06:25,443 It was one of the bad Christmases. 85 00:06:26,803 --> 00:06:30,483 He'd forgotten to get me a Christmas present. 86 00:06:30,643 --> 00:06:34,003 We were in Boulder, Colorado. There's loads and loads of snow. 87 00:06:34,163 --> 00:06:37,283 And we were in bed and he said, I do. 88 00:06:37,443 --> 00:06:40,483 It is not that I don't love you. I do really love you. 89 00:06:40,643 --> 00:06:45,643 It's like, my brain is exploding. I was like, no, I know, it's fine. 90 00:06:45,803 --> 00:06:49,243 And he sort of got up in the middle of the night and disappeared. 91 00:06:52,363 --> 00:06:57,083 I was like, where's, where's he gone? And he came back two hours later, 92 00:06:57,243 --> 00:07:02,043 and he'd gone outside in his t-shirt and shorts barefoot. 93 00:07:02,203 --> 00:07:05,843 And he'd gone and, like, dug through the snow and picked flowers 94 00:07:06,003 --> 00:07:08,163 for, like, he'd walked all over Boulder 95 00:07:08,323 --> 00:07:12,483 and, like, came back with a little bouquet of picked flowers. 96 00:07:12,643 --> 00:07:15,643 I just wanted to show you how much I loved you. 97 00:07:18,123 --> 00:07:22,763 He was very supportive of me having a career. 98 00:07:22,923 --> 00:07:26,283 I had to come back and do St Trinian's 2 and was the first time 99 00:07:26,443 --> 00:07:31,883 we'd been apart and he sent two lorry loads of flowers to set for me. 100 00:07:32,043 --> 00:07:36,403 He'd also found out from production that the name of every woman on set, 101 00:07:36,563 --> 00:07:39,283 he'd sent them flowers, champagne and chocolates. 102 00:07:39,443 --> 00:07:42,523 Then when he came to visit, everyone was like, "Oh, hi." 103 00:07:42,683 --> 00:07:45,643 Talulah can I get a quick picture please? 104 00:07:45,803 --> 00:07:47,643 Talulah sign the card here. 105 00:07:47,803 --> 00:07:51,203 At the premiere he came along, he was holding my umbrella 106 00:07:51,363 --> 00:07:54,563 for me while I was doing signings. No one knew who Elon was. 107 00:07:54,723 --> 00:07:57,203 Talulah. 108 00:08:01,523 --> 00:08:06,443 He was very sweet and lovely and very supportive. 109 00:08:09,243 --> 00:08:12,363 Two years after meeting Talulah, 110 00:08:12,523 --> 00:08:17,363 Elon's divorce from the mother of his five children comes through. 111 00:08:19,483 --> 00:08:23,363 I wanted to get married in UK and Elon said, you know, it's up to you. 112 00:08:26,243 --> 00:08:29,603 I wanted a religious ceremony. Elon went along with it. 113 00:08:34,003 --> 00:08:36,723 We just had a really good fun. I love Fred Astaire. 114 00:08:36,883 --> 00:08:38,803 I introduced Elon to Astaire movies, 115 00:08:38,963 --> 00:08:40,843 and Elon got very into Fred Astaire, 116 00:08:41,003 --> 00:08:43,563 he admired his sort of technical proficiency. 117 00:08:44,483 --> 00:08:48,283 On the morning of the wedding, I got him a top hat and cane as a joke 118 00:08:48,443 --> 00:08:51,523 I said "Is there anything you would like at the wedding?" 119 00:08:51,683 --> 00:08:53,483 That's important to you? 120 00:08:54,763 --> 00:08:58,123 He said, "Yes, I would like there to be hovercraft and eels." 121 00:08:58,283 --> 00:09:01,283 "My hovercraft is full of eels." 122 00:09:01,443 --> 00:09:03,803 So we had hovercraft and eels at our wedding. 123 00:09:05,963 --> 00:09:08,483 After the wedding, we went to Paris on honeymoon 124 00:09:08,643 --> 00:09:11,643 couldn't be a long honeymoon, obviously, because of work. 125 00:09:11,803 --> 00:09:16,203 We managed a couple of days in Paris and some meetings there. 126 00:09:16,363 --> 00:09:18,763 But yeah, it was lovely, really nice. 127 00:09:25,323 --> 00:09:28,443 Elon and Talulah are building a new life together. 128 00:09:29,563 --> 00:09:31,363 But there's a major problem. 129 00:09:35,883 --> 00:09:38,203 Court documents from Elon's divorce 130 00:09:38,363 --> 00:09:41,843 show that for months he's been using emergency loans from friends 131 00:09:42,003 --> 00:09:47,163 to pay for his divorce costs and living expenses. 132 00:09:49,243 --> 00:09:53,523 A year after promising the world's first mass produced all electric car, 133 00:09:53,683 --> 00:09:57,963 Tesla has so far only made a few prototypes. 134 00:09:58,123 --> 00:10:02,683 And has neither the factory or the staff to produce the cars. 135 00:10:05,043 --> 00:10:07,563 Elon decides to gamble. 136 00:10:07,723 --> 00:10:11,963 2010 137 00:10:12,123 --> 00:10:14,123 For the first time in 50 years, 138 00:10:14,283 --> 00:10:18,683 a car company is being floated on the US Stock Exchange. 139 00:10:18,843 --> 00:10:23,963 If the stocks do well, Elon will have the money to ramp up production. 140 00:10:24,963 --> 00:10:27,683 He'll know his fate by the Closing Bell. 141 00:10:27,843 --> 00:10:32,083 Tesla Motors, they're making their debut on the Nasdaq today. 142 00:10:32,243 --> 00:10:36,643 Now, the company has yet to make a profit, even for a single quarter. 143 00:10:36,803 --> 00:10:39,003 This company has yet to make a dime. 144 00:10:39,163 --> 00:10:41,083 It has lost 290 million dollars. 145 00:10:41,243 --> 00:10:43,723 Tesla to sell. You don't want to own the stock. 146 00:10:43,883 --> 00:10:47,083 You don't want to Waste it. You shouldn't rent darn thing. 147 00:10:47,243 --> 00:10:49,323 Elon was pretty stressed out that day. 148 00:10:49,483 --> 00:10:53,923 You could see it on his face that he was under some pressure, 149 00:10:54,083 --> 00:10:56,483 worried about how it's going to come together. 150 00:10:56,643 --> 00:10:59,323 Elon huge day for Tesla, the company going public. 151 00:10:59,483 --> 00:11:01,803 Like many Start-Up companies you lose money. 152 00:11:01,963 --> 00:11:04,363 The company has lost about 260 million dollars 153 00:11:04,523 --> 00:11:06,683 since its inception. You're going public. 154 00:11:06,843 --> 00:11:08,883 You want the public to invest in Tesla. 155 00:11:09,043 --> 00:11:12,603 We were this car company that had no money 156 00:11:12,763 --> 00:11:17,163 that was, you know, making this crazy car in Silicon Valley 157 00:11:17,323 --> 00:11:19,243 and without any automotive experts. 158 00:11:19,403 --> 00:11:22,683 So, everyone was like, they're never going to make it. 159 00:11:22,843 --> 00:11:25,923 What they do? We weren't close to being household name. 160 00:11:26,083 --> 00:11:27,443 There was definite risk. 161 00:11:27,603 --> 00:11:31,723 There's no place to charge this stupid thing right now. You have to. 162 00:11:31,883 --> 00:11:33,443 That's the least of them. 163 00:11:33,603 --> 00:11:37,243 How you begin mass production? You have an electric vehicle. 164 00:11:37,403 --> 00:11:39,483 You're guaranteeing this'll be built 165 00:11:39,643 --> 00:11:41,843 and you can get production ramped up on it 166 00:11:42,003 --> 00:11:45,643 in auto industry, a lot of people are saying not going to happen. 167 00:11:45,803 --> 00:11:52,483 I think people at this point ought to be a little bit more optimistic 168 00:11:52,643 --> 00:11:54,723 about the future of Tesla. 169 00:11:54,883 --> 00:11:56,723 WE'RE IN SIGNIFICANT EXPANSION MODE 170 00:11:56,883 --> 00:12:00,003 I remember the energy kind of in the studio right before 171 00:12:00,163 --> 00:12:02,563 they rang the bell. I mean, it was palpable. 172 00:12:13,483 --> 00:12:16,123 Big losses on Wall Street as we've been reporting. 173 00:12:16,283 --> 00:12:21,043 It's the same for just about any US stock you care to name except one. 174 00:12:22,723 --> 00:12:25,483 It's a result that almost no one saw coming. 175 00:12:25,643 --> 00:12:28,443 The shares go stratospheric, 176 00:12:28,603 --> 00:12:32,163 valuing the company at two point two billion dollars. 177 00:12:32,323 --> 00:12:33,883 TESLA 178 00:12:34,043 --> 00:12:35,403 At the end of the day, 179 00:12:35,563 --> 00:12:40,803 Elon's own stake in the company is worth 650 million dollars. 180 00:12:40,963 --> 00:12:43,323 Tesla has always been the problem child. 181 00:12:43,483 --> 00:12:48,283 I suppose all sort of intensity of, you know, it's us against the world. 182 00:12:48,443 --> 00:12:50,163 We're about to die any second. 183 00:12:50,323 --> 00:12:54,523 We had a lot of bloggers maintaining a Tesla death-watch. 184 00:12:54,683 --> 00:12:57,483 Day by day count of how long before Tesla would die. 185 00:12:57,643 --> 00:12:59,723 Tesla has this cool factor 186 00:12:59,883 --> 00:13:02,723 that a lot of car companies out there just don't have. 187 00:13:04,883 --> 00:13:09,403 Flush with a new cash injection, Elon gets to work. 188 00:13:09,563 --> 00:13:13,963 Well, we have a very big sign. 189 00:13:17,403 --> 00:13:22,563 He buys a factory in Fremont, California, for 42 million dollars. 190 00:13:22,723 --> 00:13:25,723 It has the capacity to mass produce the Model S, 191 00:13:25,883 --> 00:13:29,043 but Elon needs someone to help sell his electric dreams 192 00:13:29,203 --> 00:13:32,203 to petrol obsessed America. 193 00:13:32,363 --> 00:13:35,923 George Blankenship, GEORGE. 194 00:13:36,083 --> 00:13:40,243 Blankenship, BLANKENSHIP. 195 00:13:40,403 --> 00:13:43,203 He chooses the man Steve Jobs trusted 196 00:13:43,363 --> 00:13:46,483 to launch the Apple Stores across the globe. 197 00:13:46,643 --> 00:13:49,683 I retired from Apple, and I started getting these emails. 198 00:13:49,843 --> 00:13:53,843 "George, Elon Musk would like to speak to you. Give me a call." 199 00:13:54,003 --> 00:13:56,563 Delete. I mean, I assumed this was junk mail. 200 00:13:57,523 --> 00:13:59,963 Elon got on the phone and we started chatting. 201 00:14:00,123 --> 00:14:02,683 "Want to come work for the company" I've retired, 202 00:14:02,843 --> 00:14:05,483 I need to spend time with my wife, kids and stuff. 203 00:14:05,643 --> 00:14:08,243 He said, come on, come out to L.A., 204 00:14:08,403 --> 00:14:12,003 met with Elon, and I thought he was special. 205 00:14:12,163 --> 00:14:15,843 He asked me, you know, if you were going to bring Tesla EVs to market. 206 00:14:16,003 --> 00:14:18,083 I said I'd do it just like Apple. 207 00:14:18,243 --> 00:14:21,043 There's education thing we had to go through at Apple 208 00:14:21,203 --> 00:14:25,123 and there's going to be education thing we'll have to do with EV 209 00:14:25,283 --> 00:14:28,123 is how much it costs to charge and how do I charge it? 210 00:14:28,283 --> 00:14:31,403 And there's all these questions out there. 211 00:14:33,563 --> 00:14:35,843 The Roadster was proof of concept, 212 00:14:36,003 --> 00:14:41,123 but the Model S was the first car that was really meant for people 213 00:14:41,283 --> 00:14:43,083 to drive like a regular car. 214 00:14:43,243 --> 00:14:46,163 We talked to people about the car to show it to them, 215 00:14:46,323 --> 00:14:48,683 and they'd say, "How do I get one of these?" 216 00:14:48,843 --> 00:14:52,203 With straight face, we would look them in the eye, we would say, 217 00:14:52,363 --> 00:14:54,803 Well, give me 5,000 dollars today 218 00:14:54,963 --> 00:14:57,483 and I'll give you a car in a couple of years. 219 00:14:57,643 --> 00:15:00,323 They go "what?" We'd go "You give me a 5,000 dollar 220 00:15:00,483 --> 00:15:03,523 deposit today, we'll send you car in a couple of years." 221 00:15:03,683 --> 00:15:05,883 And they'd go "You're kidding." No, no. 222 00:15:06,043 --> 00:15:08,163 We'll give you a reservation number. 223 00:15:08,323 --> 00:15:10,523 And unless you want one of the first 1000. 224 00:15:10,683 --> 00:15:12,323 If you want one of first 1000, 225 00:15:12,483 --> 00:15:14,163 you give me 40,000 dollars today 226 00:15:14,323 --> 00:15:16,363 I'll send you car in a couple of years. 227 00:15:16,523 --> 00:15:18,123 And people did it. 228 00:15:24,363 --> 00:15:28,963 Elon has sold his customers a vision of the future. 229 00:15:29,123 --> 00:15:33,923 -It looks really amazing in the pictures. -Green, fast. Sleek. 230 00:15:34,083 --> 00:15:36,643 Completely away from gas. 231 00:15:36,803 --> 00:15:40,563 I decided you got to put your money where your mouth is and support it. 232 00:15:48,403 --> 00:15:50,283 Under George W bush. 233 00:15:50,443 --> 00:15:54,963 The American government had also bought into Elon's future plans. 234 00:15:56,643 --> 00:16:01,763 In late 2008, Nasa granted Elon's rocket company Space X, 235 00:16:01,923 --> 00:16:05,363 a one point six billion dollar contract to take over the duties 236 00:16:05,523 --> 00:16:08,243 of the retiring space shuttle. 237 00:16:10,883 --> 00:16:13,123 It was incredible. 238 00:16:15,803 --> 00:16:17,803 And then Obama got elected. 239 00:16:22,923 --> 00:16:25,323 It was a sort of amazing moment in history. 240 00:16:28,123 --> 00:16:32,123 And so we, we sat on the stage for his inauguration. 241 00:16:36,923 --> 00:16:39,923 Thing I do remember is Elon hadn't appropriately packed, 242 00:16:40,083 --> 00:16:43,803 and it started snowing and he had to borrow the driver's coat and hat 243 00:16:43,963 --> 00:16:46,523 because otherwise he would have frozen to death. 244 00:16:48,283 --> 00:16:52,123 I was like, shall I just pack for you when we go on trips? 245 00:16:52,283 --> 00:16:53,923 He was, okay. Good idea. 246 00:16:59,083 --> 00:17:02,723 Preserve, protect and defend the Constitution of the United States. 247 00:17:02,883 --> 00:17:05,683 Preserve, protect and defend Constitution of the U.S. 248 00:17:05,843 --> 00:17:07,603 -So help you God. -So help me God. 249 00:17:07,763 --> 00:17:09,723 Congratulations, Mr. President. 250 00:17:36,123 --> 00:17:39,283 Today I'd like to talk about the next chapter in the story, 251 00:17:39,443 --> 00:17:43,803 not just to continue on the same path we want to leap into the future. 252 00:17:47,683 --> 00:17:50,403 Bottom line is, nobody is more committed 253 00:17:50,563 --> 00:17:52,683 to manned spaceflight than I am. 254 00:17:52,843 --> 00:17:56,563 But we've got to do it in a smart way. 255 00:18:01,683 --> 00:18:04,803 Governments are just really bad at cost efficiency. 256 00:18:04,963 --> 00:18:08,483 They tend to do things expensively and inefficiently. 257 00:18:10,363 --> 00:18:13,963 People in Washington, driven less by vision than by politics, 258 00:18:14,123 --> 00:18:18,403 have neglected NASA's mission in space exploration in 21st century. 259 00:18:18,563 --> 00:18:21,643 -Do you consider yourself a visionary? -I suppose. 260 00:18:21,803 --> 00:18:24,243 I suppose I would be a visionary, yeah. 261 00:18:29,363 --> 00:18:32,523 I think the reality of being president is that you're 262 00:18:32,683 --> 00:18:36,683 like the captain of a very huge ship and have a small rudder. 263 00:18:38,123 --> 00:18:43,323 You know, I'm generally a fan of like minimal government interference. 264 00:18:43,483 --> 00:18:48,203 Like the government should be kind of the referee but not the player. 265 00:18:48,363 --> 00:18:50,963 And there shouldn't be too many referees. 266 00:18:54,043 --> 00:18:56,123 Are there some pitfalls and some risks? 267 00:18:56,283 --> 00:18:58,963 It seems like you're creating intellectual material 268 00:18:59,123 --> 00:19:01,243 wouldn't be good, maybe in wrong hands. 269 00:19:01,403 --> 00:19:04,323 As far as being able to go send something up into space 270 00:19:04,483 --> 00:19:06,403 is there resistance from government? 271 00:19:06,563 --> 00:19:09,723 No, government is US government is our primary customer. 272 00:19:12,003 --> 00:19:16,563 Nasa, they took a risk. We were a small company, very unproven. 273 00:19:16,723 --> 00:19:19,763 They're like, I don't know, 300 people maybe. 274 00:19:19,923 --> 00:19:22,643 We went from like launching a small rocket 275 00:19:22,803 --> 00:19:27,203 to working on the transportation system 276 00:19:27,363 --> 00:19:29,683 to the International Space Station. 277 00:19:29,843 --> 00:19:33,523 Jumping into this huge responsibility was a major step. 278 00:19:33,683 --> 00:19:35,723 You know, suddenly in the big league. 279 00:19:38,483 --> 00:19:41,283 With the retirement of the last ever space shuttle, 280 00:19:41,443 --> 00:19:43,883 the US Government is now reliant on SpaceX 281 00:19:44,043 --> 00:19:47,803 to make good its promise to resupply the international space station. 282 00:19:49,643 --> 00:19:53,843 The young start-up has to upscale fast. 283 00:19:54,003 --> 00:19:58,243 I jokingly describe myself as the Pied Piper of super nerds. 284 00:19:58,403 --> 00:20:02,963 My role is essentially to go find people a 1000 times smarter than me. 285 00:20:03,123 --> 00:20:06,003 Get them excited about solving a really hard problem. 286 00:20:07,043 --> 00:20:09,883 One of the ways we explained what SpaceX culture was, 287 00:20:10,043 --> 00:20:12,563 and this was in order to be honest with people. 288 00:20:12,723 --> 00:20:15,443 SpaceX, special forces we take on missions 289 00:20:15,603 --> 00:20:17,523 that others deem impossible. 290 00:20:19,763 --> 00:20:23,483 This will be the hardest thing you will ever do in your life. 291 00:20:23,643 --> 00:20:27,003 It is the kind of personality that wants to be a Navy SEAL. 292 00:20:27,163 --> 00:20:29,243 The engineering equivalent of that. 293 00:20:31,603 --> 00:20:35,803 It will be bruising and punishing and uncomfortable every day. 294 00:20:37,563 --> 00:20:39,123 Growth is rarely comfortable. 295 00:20:39,283 --> 00:20:42,083 If you are comfortable. You are probably not growing. 296 00:20:45,443 --> 00:20:51,883 To work for Elon is to be comfortable in a constant state of discomfort. 297 00:20:52,043 --> 00:20:55,483 He has 10,000 times more what the average person has streaming 298 00:20:55,643 --> 00:20:57,723 through their brain any given time. 299 00:20:57,883 --> 00:21:00,883 Our ability to think about and analyze a problem 300 00:21:01,043 --> 00:21:03,683 is nothing compared to how his brain works. 301 00:21:03,843 --> 00:21:06,123 MR.MUSK 302 00:21:06,283 --> 00:21:10,803 Elon aspires to be like the greatest engineer in the history of the world. 303 00:21:10,963 --> 00:21:14,563 He does have the cognitive horsepower of the geniuses 304 00:21:14,723 --> 00:21:16,843 that we have seen come before us. 305 00:21:17,003 --> 00:21:22,763 -But he's not Einstein, is he? -I think he is smarter than Einstein. 306 00:21:25,003 --> 00:21:27,603 But then there's another company 307 00:21:27,763 --> 00:21:31,683 that's focused on cancer, kind of more of a near term thing. 308 00:21:31,843 --> 00:21:35,283 I think that'll be key things to solving a lot of diseases 309 00:21:35,443 --> 00:21:38,083 which is to just basically write a program 310 00:21:38,243 --> 00:21:40,723 that destroys the disease and then dis-code. 311 00:21:40,883 --> 00:21:43,203 -It's just code. -Yeah, its just software. 312 00:21:44,483 --> 00:21:49,643 As well as rockets and cars. Elon's interests are growing. 313 00:21:51,283 --> 00:21:55,643 Elon starts tweeting about his interests in artificial intelligence, 314 00:21:55,803 --> 00:21:59,643 something he refers to as summoning the demon. 315 00:22:00,643 --> 00:22:05,723 We're building progressively greater intelligence 316 00:22:07,523 --> 00:22:14,123 and the percentage of intelligence that is not human is increasing. 317 00:22:14,283 --> 00:22:19,003 Eventually we will represent very small percentage of intelligence. 318 00:22:33,443 --> 00:22:36,643 2012 319 00:22:36,803 --> 00:22:39,043 It's launch day. 320 00:22:40,483 --> 00:22:43,283 Ten years after SpaceX was founded, 321 00:22:43,443 --> 00:22:46,883 the company is operating on the world stage. 322 00:22:47,043 --> 00:22:51,763 Perfect launch must lead to a precise deployment of the dragon capsule, 323 00:22:51,923 --> 00:22:57,003 which will then dock autonomously with the international space station. 324 00:22:57,163 --> 00:22:59,683 I was the launch chief engineer. 325 00:22:59,843 --> 00:23:02,283 My job was to make sure everything goes right. 326 00:23:02,443 --> 00:23:06,683 T minus one minute. The flight computers in control the vehicle. 327 00:23:06,843 --> 00:23:08,923 A rocket is a risky product. 328 00:23:09,083 --> 00:23:11,643 You just got to keep your nerves and you got to. 329 00:23:11,803 --> 00:23:14,483 You got to basically do your job and then trust. 330 00:23:14,643 --> 00:23:18,043 Trust your data and trust your tests. Trust your work. 331 00:23:18,203 --> 00:23:21,003 T minus 30 seconds. 332 00:23:21,163 --> 00:23:24,763 We're going to launch our Dragon spaceship on a Falcon nine rocket. 333 00:23:24,923 --> 00:23:27,123 Dragon will maneuver to the space station, 334 00:23:27,283 --> 00:23:29,483 figure out the position and orientation, 335 00:23:29,643 --> 00:23:32,923 and go through series of steps where it gets closer and closer 336 00:23:33,083 --> 00:23:35,883 to the space station and eventually docks. 337 00:23:36,043 --> 00:23:38,843 There's lot that could go wrong. I mean, really lot. 338 00:23:39,003 --> 00:23:43,323 I cannot emphasize that enough. This mission may not succeed. 339 00:23:43,483 --> 00:23:49,883 Five, four, three, two, one, zero. 340 00:23:59,483 --> 00:24:01,363 Falcon 9 has cleared the tower. 341 00:24:14,483 --> 00:24:17,643 You have to remember, rocket is like essentially a miracle. 342 00:24:17,803 --> 00:24:23,843 Eighty thousand custom components. One wire, one millimeter off. 343 00:24:24,003 --> 00:24:29,443 Anything off by the smallest margin. And you are done. 344 00:24:29,603 --> 00:24:33,403 The launch of the SpaceX Falcon 9 rocket 345 00:24:33,563 --> 00:24:35,563 as NASA turns to the private sector 346 00:24:35,723 --> 00:24:38,643 to resupply the international space station. 347 00:24:38,803 --> 00:24:42,923 Only four governments in the world, have the capability of doing 348 00:24:43,083 --> 00:24:46,763 what SpaceX is attempting to accomplish. 349 00:24:50,403 --> 00:24:54,123 It seems strange to be handing it all over to private enterprise, 350 00:24:54,283 --> 00:24:56,683 but I guess I'm kind of stuck in the past? 351 00:25:00,803 --> 00:25:04,003 For a rocket mission. Everything is over in 10 minutes. 352 00:25:04,163 --> 00:25:08,243 You see the satellite being deployed and you can head to the party. 353 00:25:08,403 --> 00:25:10,683 Not true for Dragon. 354 00:25:10,843 --> 00:25:13,763 A rendezvous is one of the trickiest maneuvers in space 355 00:25:13,923 --> 00:25:17,883 to bring together two spacecraft going five miles a second. 356 00:25:19,003 --> 00:25:21,643 Initiating the capture of the Dragon. Standing by. 357 00:25:23,323 --> 00:25:25,603 Copy. Confirm. 358 00:25:38,883 --> 00:25:40,963 When Dragon docks with a space station. 359 00:25:41,123 --> 00:25:43,363 First it gets grappled by the arm. 360 00:25:43,523 --> 00:25:46,483 Then it gets moved over to a berthing port. 361 00:25:46,643 --> 00:25:49,123 And then that port has to be actually fitting 362 00:25:49,283 --> 00:25:51,643 whatever we have on the Dragon side. 363 00:25:51,803 --> 00:25:54,443 And you never have chance to actually check that. 364 00:25:54,603 --> 00:25:56,403 Hardware is on the space station. 365 00:25:56,563 --> 00:25:59,723 First time you do this is when you do the first mission 366 00:25:59,883 --> 00:26:03,083 and you just hope this all works at the end of the day. 367 00:26:28,123 --> 00:26:31,283 Official Hatch opening time for Space X Dragon spacecraft. 368 00:26:31,443 --> 00:26:33,963 4:53 p.m central time. 369 00:26:46,683 --> 00:26:49,483 We also got a little dessert, just like you said. 370 00:26:49,643 --> 00:26:51,563 Got a little ice cream. 371 00:26:54,323 --> 00:26:56,683 THE PRESEIDENT JUST CALLED TO SAY CONGRATS. 372 00:26:56,843 --> 00:27:00,123 CALLER ID WAS BLOCKED, I THOUGHT IT'S TELEMARKETER 373 00:27:00,283 --> 00:27:02,163 I have big hand for friends at NASA 374 00:27:02,323 --> 00:27:04,363 who helped make this happen, guys. 375 00:27:08,963 --> 00:27:12,603 The mission is a complete success, 376 00:27:12,763 --> 00:27:16,203 but some established aerospace figures aren't happy. 377 00:27:16,363 --> 00:27:20,803 SpaceX's lack of experience bothers some NASA's legends 378 00:27:20,963 --> 00:27:23,923 like Apollo astronauts Neil Armstrong and Gene Cernan. 379 00:27:24,083 --> 00:27:27,963 Welcome, Mr. Neil Armstrong as commander of Apollo 11. 380 00:27:28,123 --> 00:27:30,803 NASA HUMAN SPACE FLIGHT PROGRAMS 381 00:27:30,963 --> 00:27:32,403 Turn the button on. 382 00:27:32,563 --> 00:27:35,003 -It's turned on. How about that? -That's good. 383 00:27:37,843 --> 00:27:42,403 With regard to President Obama's 2010 plan, 384 00:27:42,563 --> 00:27:45,323 I have yet to find a person in NASA, 385 00:27:45,483 --> 00:27:49,803 the Defense Department, the Air Force, the National Academies, 386 00:27:49,963 --> 00:27:53,003 industry or academia 387 00:27:53,163 --> 00:27:57,683 that had any knowledge of the plan prior to its announcement. 388 00:27:57,843 --> 00:28:00,363 I support the encouragement of newcomers 389 00:28:00,523 --> 00:28:04,723 toward their goal of lower cost access to space. 390 00:28:04,883 --> 00:28:08,923 But having cut my teeth in rockets more than 50 years ago. 391 00:28:09,083 --> 00:28:10,723 I am not confident. 392 00:28:10,883 --> 00:28:13,323 Now is the time for wiser heads in Congress 393 00:28:13,483 --> 00:28:15,523 of the United States to prevail. 394 00:28:15,683 --> 00:28:17,603 Now is time to overrule 395 00:28:17,763 --> 00:28:21,243 this administration's pledge to mediocrity. 396 00:28:21,403 --> 00:28:25,523 Folks who propose such a limited architecture 397 00:28:25,683 --> 00:28:30,203 do not yet know what they don't know. 398 00:28:30,363 --> 00:28:35,003 There are people who say about you you don't know what you don't know. 399 00:28:35,163 --> 00:28:38,323 How can anyone know what they don't know? 400 00:28:38,483 --> 00:28:40,323 When critics say you can't do this 401 00:28:40,483 --> 00:28:42,923 your answer to them is... -We've done it. 402 00:28:43,083 --> 00:28:46,963 Neil, Jim Lovell and I have come to a unanimous conclusion 403 00:28:47,123 --> 00:28:52,683 that this is, in fact, a blueprint for a mission to nowhere. 404 00:28:52,843 --> 00:28:57,123 You know, there are American heroes who don't like this idea. 405 00:28:57,283 --> 00:28:59,443 And I wonder what you think of that. 406 00:29:00,603 --> 00:29:05,523 I was very sad to see that because those guys are, yeah. 407 00:29:06,523 --> 00:29:09,483 Those guys are heroes of mine. So, it's really tough. 408 00:29:09,643 --> 00:29:11,323 I wish they would come and visit 409 00:29:11,483 --> 00:29:13,963 and see the hard work that we're doing here. 410 00:29:14,123 --> 00:29:17,123 And I think that would change their mind. 411 00:29:17,283 --> 00:29:19,523 They inspired you to do this, didn't they? 412 00:29:19,683 --> 00:29:21,043 Yes. 413 00:29:22,243 --> 00:29:25,043 And to see them casting stones in your direction. 414 00:29:25,203 --> 00:29:28,563 60 MINUTES OVERTIME 415 00:29:28,723 --> 00:29:30,523 It's difficult. 416 00:29:38,883 --> 00:29:41,763 He's has a kind of innocence to him. 417 00:29:41,923 --> 00:29:46,603 What I mean by that is that he feels with incredible purity, 418 00:29:46,763 --> 00:29:50,123 the emotion he is feeling at the time, whatever that emotion is. 419 00:29:50,283 --> 00:29:52,843 He feels things very, very deeply. 420 00:29:53,003 --> 00:29:55,883 So, I've heard it said that he's cold and emotionless 421 00:29:56,043 --> 00:29:58,403 and that could not be further from the truth. 422 00:29:58,563 --> 00:30:00,763 He is the most emotional person I know. 423 00:30:02,123 --> 00:30:05,123 One of the things I remember really early on is we were, 424 00:30:05,283 --> 00:30:07,083 we'd gone to the cinema 425 00:30:07,243 --> 00:30:11,763 and we were watching some comedy and Elon found the film so funny 426 00:30:11,923 --> 00:30:15,483 that he literally fell on the floor and was like rolling around, 427 00:30:15,643 --> 00:30:17,563 holding his tummy, laughing, 428 00:30:17,723 --> 00:30:19,443 everyone was looking at us 429 00:30:19,603 --> 00:30:21,323 what the hell is going on there? 430 00:30:21,483 --> 00:30:23,563 I was, "Come on, get up off the floor." 431 00:30:23,723 --> 00:30:26,643 But he was just enraptured by what was on the screen. 432 00:30:26,803 --> 00:30:29,443 And he was feeling it. And he feels things. 433 00:30:29,603 --> 00:30:31,523 And, if he feels anger, you know it, 434 00:30:31,683 --> 00:30:34,083 it's there, you know, anything. 435 00:30:34,243 --> 00:30:37,163 He it's, it goes deep. 436 00:30:40,763 --> 00:30:43,963 He told me all about his childhood growing up. 437 00:30:44,123 --> 00:30:47,643 I think his childhood shapes him in a lot of ways. 438 00:30:49,003 --> 00:30:53,083 I think he knows what it's like to be bottom of the pack, 439 00:30:53,243 --> 00:30:57,683 to be hurt by people that you should be able to trust. 440 00:30:57,843 --> 00:31:01,683 And obviously, I think that leaves scars. 441 00:31:03,363 --> 00:31:07,203 -You grew up in South Africa? -Yeah. 442 00:31:07,363 --> 00:31:09,443 I left when I was 17 by myself. 443 00:31:09,603 --> 00:31:12,763 I had backpack of clothes, suitcase of books. And that's it. 444 00:31:12,923 --> 00:31:16,163 -Did you have a happy childhood? -No, it was terrible. 445 00:31:16,323 --> 00:31:18,483 -Are you serious? -Yes. 446 00:31:18,643 --> 00:31:20,723 Why was it terrible? 447 00:31:23,923 --> 00:31:30,083 1969 448 00:31:30,243 --> 00:31:34,483 I had this one guy who would want to see me 449 00:31:34,643 --> 00:31:38,043 and I had nothing else to do. Then I would see him. 450 00:31:38,203 --> 00:31:41,523 But he was very insulting to people 451 00:31:41,683 --> 00:31:45,883 and rude and I didn't really like him that much. But then. 452 00:31:46,043 --> 00:31:48,323 Otherwise, I just sat at home, you know? 453 00:31:49,843 --> 00:31:53,643 After a couple of years. My brother banned him from seeing me. 454 00:31:53,803 --> 00:31:56,083 For two years I didn't see him. 455 00:31:56,243 --> 00:32:01,963 I graduated and went to live in Cape Town and he came to visit me. 456 00:32:02,123 --> 00:32:05,923 Just turned up with an engagement ring and I said, I'll never wear it. 457 00:32:06,083 --> 00:32:09,083 And he went back, told my family I'd agreed to marry him, 458 00:32:09,243 --> 00:32:11,483 which surprised my family 459 00:32:11,643 --> 00:32:14,603 because they didn't know I was seeing him and I wasn't. 460 00:32:14,763 --> 00:32:18,443 And then I just got this telegram from my parents. Congratulations. 461 00:32:18,603 --> 00:32:21,683 The wedding arrangements are made. 462 00:32:21,843 --> 00:32:24,563 The invites are out, and 800 people are coming. 463 00:32:24,723 --> 00:32:27,803 I called him. "What do you mean, I'm marrying you?" 464 00:32:27,963 --> 00:32:30,483 And he said, I will change when we get married 465 00:32:30,643 --> 00:32:32,523 then I'll be kinder and nicer, 466 00:32:32,683 --> 00:32:35,203 I'm just aggressive because you won't marry me. 467 00:32:35,363 --> 00:32:38,043 So, I did believe him 468 00:32:39,443 --> 00:32:42,883 and then fell pregnant on honeymoon. 469 00:32:43,043 --> 00:32:45,883 Then the abuse started right away, 470 00:32:46,043 --> 00:32:49,883 beating me up if I didn't do as I was told. 471 00:32:50,043 --> 00:32:52,643 I came back from honeymoon, bruised and pregnant, 472 00:32:52,803 --> 00:32:55,443 and then I didn't want my family to know. 473 00:32:55,603 --> 00:33:00,243 So, then you just put up with it because you have no choice. 474 00:33:04,323 --> 00:33:08,243 Elon while he was a little boy. 475 00:33:08,403 --> 00:33:12,003 He grew up in a very violent home. 476 00:33:13,243 --> 00:33:16,003 For example, when I always had to drive the car 477 00:33:16,163 --> 00:33:20,163 and he would be punching me and Elon would be between the seats 478 00:33:20,323 --> 00:33:23,163 hitting his father to stop him punching me. 479 00:33:23,323 --> 00:33:25,483 When he would be at home and punching me. 480 00:33:25,643 --> 00:33:27,843 Kimbal and Tosca would be crying in corner 481 00:33:28,003 --> 00:33:33,323 because they were babies. Elon was five. Kimbal four. Tosca three. 482 00:33:33,483 --> 00:33:36,323 Elon would be hitting his dad at the back of his legs 483 00:33:36,483 --> 00:33:38,803 and then when he was eight, we left. 484 00:33:38,963 --> 00:33:42,083 My father has serious issues. 485 00:33:42,243 --> 00:33:45,923 Okay, well, so you didn't have a happy childhood. 486 00:33:47,643 --> 00:33:53,203 His father Errol denies all the allegations of domestic abuse. 487 00:33:54,683 --> 00:34:00,283 After two years, Elon said he wanted to go and live with his father. 488 00:34:00,443 --> 00:34:02,523 And that made me very sad, very sad 489 00:34:02,683 --> 00:34:06,043 because I didn't see why he would wanted to do that. 490 00:34:09,683 --> 00:34:13,803 His father had the Encyclopedia Britannica. 491 00:34:13,963 --> 00:34:15,683 I couldn't afford books. 492 00:34:15,843 --> 00:34:18,363 He'd read everything in the library in Durban, 493 00:34:18,523 --> 00:34:23,883 so he had the opportunity to actually read the whole encyclopaedias. 494 00:34:24,043 --> 00:34:28,243 I could call him any time and ask him any subject, anything in the world. 495 00:34:28,403 --> 00:34:31,163 I know you were bullied at school, had difficult... 496 00:34:31,323 --> 00:34:33,843 I was beaten to death. If you call that bullied. 497 00:34:35,083 --> 00:34:38,923 He was shy and awkward at school. Elon didn't have many friends. 498 00:34:40,843 --> 00:34:43,883 Pupils at Elon's school saw him as strange, 499 00:34:45,083 --> 00:34:47,403 and he was systematically bullied for years. 500 00:34:48,763 --> 00:34:50,683 A gang beat up his best friend, 501 00:34:50,843 --> 00:34:55,243 making him agree never to hang around with Elon. 502 00:34:55,403 --> 00:34:58,803 On one occasion, Elon was pushed down a flight of stairs 503 00:34:58,963 --> 00:35:00,763 and beaten violently, 504 00:35:00,923 --> 00:35:04,003 leaving him in a hospital for weeks. 505 00:35:04,163 --> 00:35:06,803 It's no surprise then that as an adult, 506 00:35:06,963 --> 00:35:12,203 he's a fighter determined to succeed and prove everyone wrong. 507 00:35:13,403 --> 00:35:18,323 All right. It is now time. It is the moment we've been waiting for. 508 00:35:18,483 --> 00:35:20,203 For a long time. 509 00:35:21,803 --> 00:35:26,763 Time to deliver Model S. 510 00:35:29,843 --> 00:35:31,403 Delivery of model S. 511 00:35:31,563 --> 00:35:35,883 We decided that we should make an event of this. 512 00:35:38,723 --> 00:35:41,523 I was sort of M.C. I got the opportunity to be the MC 513 00:35:41,683 --> 00:35:45,083 and I came out and I sort of fired up the crowd. 514 00:35:45,243 --> 00:35:50,643 There are a lot of people who said this day would never come 515 00:35:50,803 --> 00:35:53,563 we did it! 516 00:35:53,723 --> 00:35:57,963 The person who is going to drive us to have best car in the solar system. 517 00:35:58,123 --> 00:36:00,883 Ladies and gentlemen, Mr. Elon Musk. 518 00:36:01,043 --> 00:36:04,403 What the Model S is fundamentally about is that an electric car 519 00:36:04,563 --> 00:36:06,883 can, in fact be the best car in the world. 520 00:36:07,043 --> 00:36:09,323 Time to start delivering Model S. 521 00:36:15,563 --> 00:36:17,603 Let's give Jeff his car keys. 522 00:36:19,643 --> 00:36:21,523 Thank you. 523 00:36:27,243 --> 00:36:29,323 Let him go! 524 00:36:31,003 --> 00:36:34,803 The pr drive for the Model S is up and running, 525 00:36:34,963 --> 00:36:37,203 but manufacturing is slow, 526 00:36:38,563 --> 00:36:42,963 the cars need to be rolling off production line in their 1000s. 527 00:36:43,123 --> 00:36:48,563 -So far, tesla has made 10. -One, two, three, TESLA! 528 00:36:50,683 --> 00:36:54,923 The hype is bolstered by the Model S becoming the first ever electric car 529 00:36:55,083 --> 00:36:58,963 to win the industry's prestigious car of the year award. 530 00:37:03,763 --> 00:37:07,843 Despite the chasm between hype and economic reality, 531 00:37:08,003 --> 00:37:11,603 Elon makes a bold claim to investors. 532 00:37:11,763 --> 00:37:14,203 Just a couple of questions. The first one is, 533 00:37:14,363 --> 00:37:18,763 how confident are you that you are moving in the right direction there? 534 00:37:18,923 --> 00:37:21,563 I really feel that that Tesla has turned a corner. 535 00:37:21,723 --> 00:37:25,723 We're very confident of achieving a small profit in the first quarter. 536 00:37:25,883 --> 00:37:31,723 Elon tweeted Tesla will be profitable in Q1 2013. 537 00:37:34,403 --> 00:37:35,883 Shall we talk about this? 538 00:37:36,043 --> 00:37:41,043 In the first quarter, we expect to produce and deliver almost 5000 cars. 539 00:37:41,203 --> 00:37:45,443 We had to deliver 4750 cars. 540 00:37:45,603 --> 00:37:49,163 In Q2 of 2012, we delivered 12 cars. 541 00:37:49,323 --> 00:37:52,163 People will view this as a turning point in time 542 00:37:52,323 --> 00:37:55,963 when an electric car company became a truly viable company. 543 00:37:56,123 --> 00:38:01,723 I think that's how this period will be looked at in in the future. 544 00:38:01,883 --> 00:38:07,763 He asked us to do the impossible, but he modelled that himself. 545 00:38:07,923 --> 00:38:11,723 So, how are you going to tell the hardest working man in the world 546 00:38:11,883 --> 00:38:13,723 like, no, I can't get that done? 547 00:38:13,883 --> 00:38:16,643 -Elon, good to see you. -Good to see you. 548 00:38:16,803 --> 00:38:19,763 -We're ready to walk over to factory. -Walk over there. 549 00:38:19,923 --> 00:38:21,443 Do you think you go quickly? 550 00:38:21,603 --> 00:38:25,643 The faster we can accelerate the advance the better will be. 551 00:38:25,803 --> 00:38:29,283 But as you well know, it's a fine line between growing 552 00:38:29,443 --> 00:38:31,923 and meeting demand and making sure that 553 00:38:32,083 --> 00:38:33,763 you don't stumble along the way. 554 00:38:33,923 --> 00:38:36,763 I have no doubt that we will stumble, we have stumbled 555 00:38:36,923 --> 00:38:39,203 no doubt we will stumble in the future. 556 00:38:39,363 --> 00:38:40,963 But yeah, 557 00:38:41,123 --> 00:38:43,283 but we want to go as fast as we can 558 00:38:43,443 --> 00:38:45,723 without falling totally flat on our face. 559 00:38:49,763 --> 00:38:54,403 It was tough. I mean, four hours of sleep a night, 560 00:38:54,563 --> 00:38:56,683 my wife left and went to Florida. 561 00:38:56,843 --> 00:38:59,443 You know, she left around the 15th of February. 562 00:38:59,603 --> 00:39:03,363 She said, I can't watch you anymore. It was the toughest month. 563 00:39:03,523 --> 00:39:09,323 He assumed that we weren't doing enough fast enough 564 00:39:09,483 --> 00:39:11,683 to deliver enough cars in Q1 of 2013. 565 00:39:13,083 --> 00:39:16,203 Too little, too late. He kept saying too little, too late. 566 00:39:16,363 --> 00:39:19,283 There were moments when he would definitely get upset. 567 00:39:19,443 --> 00:39:21,683 You've heard of him firing people? 568 00:39:21,843 --> 00:39:24,803 Yes. All of that happened, when Elon was behaving badly 569 00:39:24,963 --> 00:39:28,283 I would kind of liken it to a toddler. 570 00:39:28,443 --> 00:39:32,403 That was having a tantrum about something or upset about something. 571 00:39:32,563 --> 00:39:35,923 My desk is in factory. It's there. I can show you where it is. 572 00:39:37,323 --> 00:39:39,163 He wants to take us by his desk. 573 00:39:39,323 --> 00:39:42,243 He moved his desk over to near my desk 574 00:39:42,403 --> 00:39:45,643 so that he could watch what was going on every single day. 575 00:39:45,803 --> 00:39:49,443 I think it's important for a leader to be at the front line. 576 00:39:49,603 --> 00:39:52,443 My biggest challenge is ramping up production. 577 00:39:52,603 --> 00:39:54,643 What's that about? Being in the factory 578 00:39:54,803 --> 00:39:56,643 and understanding where issues are. 579 00:39:56,803 --> 00:40:00,603 And so, I went the very opposite of being up in an ivory tower. 580 00:40:00,763 --> 00:40:03,883 I want to be in the middle of the battle. 581 00:40:04,043 --> 00:40:07,923 And and so that means putting my desk in the middle of the factory 582 00:40:08,083 --> 00:40:09,963 so that's where it is. 583 00:40:10,123 --> 00:40:13,603 It's a noticeably clean desk with the exception of the award. 584 00:40:13,763 --> 00:40:16,163 Yeah, I mean, it's got... 585 00:40:16,323 --> 00:40:21,203 I guess it's got the Persians award my sunglasses and coffee. 586 00:40:22,323 --> 00:40:24,883 Yeah, this is my, it's my desk. 587 00:40:25,043 --> 00:40:28,243 I think failure is bad. I don't think it's good. 588 00:40:28,403 --> 00:40:32,203 But if something's important enough, then you do it. 589 00:40:32,363 --> 00:40:34,443 Even though the risk of failure is high. 590 00:40:34,603 --> 00:40:36,963 If somebody wants to start a company, 591 00:40:37,123 --> 00:40:40,283 is they should bear in mind that the most likely outcome is, 592 00:40:40,443 --> 00:40:42,283 is that it's not going to work, 593 00:40:42,443 --> 00:40:45,443 as they should only do it if they feel that there, 594 00:40:45,603 --> 00:40:49,563 they are really compelled to do it, you know. 595 00:40:49,723 --> 00:40:52,563 There were a number of times I witnessed 596 00:40:52,723 --> 00:40:54,683 Elon sleeping in the factory, 597 00:40:54,843 --> 00:41:00,163 showing people how important it is to be focussed on, 598 00:41:00,323 --> 00:41:04,603 on finding a solution because if Elon Musk can take the time to sleep there 599 00:41:04,763 --> 00:41:08,363 and be there 24 hours a day. Everyone else should make the time. 600 00:41:10,803 --> 00:41:13,883 Factories ramping up, you know, and they're building cars, 601 00:41:14,043 --> 00:41:16,883 but it's going to be close. Could they build enough? 602 00:41:17,043 --> 00:41:20,323 We're halfway through the quarter and we weren't making it. 603 00:41:20,483 --> 00:41:25,323 We were not making it. I'm really emotional, it hurts. 604 00:41:25,483 --> 00:41:27,843 This was really a tough time. 605 00:41:29,603 --> 00:41:33,523 And we started bringing in people from Europe, 606 00:41:33,683 --> 00:41:37,643 bringing people from all over to help deliver cars. 607 00:41:39,683 --> 00:41:42,243 The IT Team was washing cars. 608 00:41:42,403 --> 00:41:44,963 Other departments marketing was driving them 609 00:41:45,123 --> 00:41:48,763 to the other end of parking lot and... 610 00:41:51,443 --> 00:41:55,563 I started an email trail to Elon every night telling him, 611 00:41:55,723 --> 00:41:58,403 here's how many we've sold, how many have delivered 612 00:41:58,563 --> 00:42:01,883 and how many we have deposits on and here's where we stand. 613 00:42:02,043 --> 00:42:05,163 And it didn't look good. It did not look good. 614 00:42:05,323 --> 00:42:09,603 He would I would send it to him at 11:30 and he respond back at 11:35. 615 00:42:09,763 --> 00:42:12,403 And it just didn't look good. And he let me know. 616 00:42:14,083 --> 00:42:16,723 Then on the Tuesday, the last week of the quarter, 617 00:42:16,883 --> 00:42:20,963 I sent him one and I remember it 618 00:42:21,123 --> 00:42:24,683 as if it was yesterday and said, this looks promising. 619 00:42:24,843 --> 00:42:30,043 And it was Saturday at three o'clock. 620 00:42:31,203 --> 00:42:36,643 We delivered the 4,750th car. Three o'clock. 621 00:42:39,803 --> 00:42:44,043 We made 11 million dollars that quarter. Put us over the hump. 622 00:42:44,203 --> 00:42:47,283 Starting from 20 dollars to 90 dollars, 623 00:42:47,443 --> 00:42:50,083 and Tesla became a viable company. 624 00:42:50,243 --> 00:42:55,803 I stood up on the desk like this, called everybody around, and I said. 625 00:42:57,683 --> 00:43:00,723 You guys have no idea how impactful it is. 626 00:43:00,883 --> 00:43:04,923 What you just did, you can't understand it. 627 00:43:05,083 --> 00:43:08,123 Well, what you just did is monumental. 628 00:43:08,283 --> 00:43:12,283 Not just for Tesla, but for what we're going to do for mankind. 629 00:43:12,443 --> 00:43:16,843 You should all feel extraordinary sense of accomplishment. 630 00:43:17,003 --> 00:43:23,363 We were a real company on March 31st, 2013. 631 00:43:28,243 --> 00:43:33,283 2014 632 00:43:33,443 --> 00:43:36,523 Nineteen years after starting his first company. 633 00:43:36,683 --> 00:43:41,443 Elon Musk now has a net worth of 11 billion dollars. 634 00:43:41,603 --> 00:43:44,843 Tesla is starting to become a household name 635 00:43:45,003 --> 00:43:47,323 with mass market appeal. 636 00:43:47,483 --> 00:43:50,563 And SpaceX has cornered the lucrative market in launching 637 00:43:50,723 --> 00:43:53,243 commercial satellites into orbit. 638 00:43:53,403 --> 00:43:55,843 But despite all these achievements, 639 00:43:56,003 --> 00:44:00,563 Elon Musk has always dreamt of one ultimate goal. 640 00:44:02,723 --> 00:44:06,283 If you look at things on an historical timescale. 641 00:44:06,443 --> 00:44:09,443 The multibillion-year history of earth itself. 642 00:44:09,603 --> 00:44:15,003 You can point to about half a dozen major steps on the evolution of life, 643 00:44:15,163 --> 00:44:19,763 single celled life, life moving from the oceans to land, 644 00:44:19,923 --> 00:44:23,363 mammals, consciousness. Those are sort of like the big ones. 645 00:44:24,523 --> 00:44:30,163 On that scale would fit the extension of life to multiple planets. 646 00:44:30,323 --> 00:44:35,283 But a critical element is making reusable orbital craft. 647 00:44:35,443 --> 00:44:39,043 In any mode of transport if you had a reusable vehicle 648 00:44:39,203 --> 00:44:42,523 or expendable vehicle, it would be a night and day difference. 649 00:44:42,683 --> 00:44:46,243 How many people would have driven here if the car was single use? 650 00:44:46,403 --> 00:44:48,883 Yeah. We've got this weird situation in space 651 00:44:49,043 --> 00:44:51,283 where vehicles can only be used once. 652 00:44:51,443 --> 00:44:54,803 If you want a return journey you have to tow one behind you. 653 00:44:54,963 --> 00:44:58,643 So the huge breakthrough that SpaceX aspires to achieve. 654 00:44:58,803 --> 00:45:00,483 This is a very difficult thing, 655 00:45:00,643 --> 00:45:03,483 is to make a fully reusable orbital launch vehicle. 656 00:45:07,963 --> 00:45:12,843 Space X is fundamentally a vehicle to make a thriving future 657 00:45:13,003 --> 00:45:14,883 for humanity in space possible. 658 00:45:15,043 --> 00:45:17,723 You cannot do that with 200 million dollar rockets. 659 00:45:17,883 --> 00:45:20,283 That is the equivalent of buying a yacht, 660 00:45:20,443 --> 00:45:25,323 sailing it from here to France, and then essentially setting it on fire. 661 00:45:25,483 --> 00:45:27,083 That makes no sense. 662 00:45:29,123 --> 00:45:32,123 After each supply trip to the international space station 663 00:45:33,363 --> 00:45:38,483 SpaceX attempt to land their rockets safely so they can be used again. 664 00:46:03,083 --> 00:46:07,523 You're one of the CEOs of SpaceX and I'm incredibly excited. 665 00:46:07,683 --> 00:46:10,323 You're the CEO? Well, I'm sorry. 666 00:46:10,483 --> 00:46:14,523 Your goal is to try to land the Falcon rocket on a barge at sea 667 00:46:14,683 --> 00:46:18,363 so you can reuse a ship? -If it's got engines, it's a ship. 668 00:46:18,523 --> 00:46:21,043 We have a footage of this is the last attempt, 669 00:46:21,203 --> 00:46:24,803 I think, to land rocket after it successfully delivered a payload. 670 00:46:24,963 --> 00:46:28,243 Here it goes. Come on, baby. You can do it. 671 00:46:28,403 --> 00:46:31,083 It broke a leg on landing. 672 00:46:33,083 --> 00:46:34,843 It broke more than that. 673 00:46:35,003 --> 00:46:37,803 We're looking at data, need to analyze what happened. 674 00:46:37,963 --> 00:46:41,803 It's certainly it needs more work and the next couple of missions. 675 00:46:52,563 --> 00:46:54,003 So far, 676 00:46:54,163 --> 00:46:58,403 many of SpaceX's attempts to land the Falcon rocket have failed. 677 00:46:58,563 --> 00:47:02,043 Lift off on the SpaceX Falcon 9 rocket. 678 00:47:02,203 --> 00:47:06,523 On the next trip to the space station, there's a bigger problem. 679 00:47:07,723 --> 00:47:09,683 We have important payload on board. 680 00:47:09,843 --> 00:47:12,563 We have a docking adaptor for the space station. 681 00:47:12,723 --> 00:47:14,563 We had a space spacesuit on there. 682 00:47:14,723 --> 00:47:20,163 And food and water and oxygen, all the things that the astronauts need. 683 00:47:21,483 --> 00:47:23,723 Their survival depends on you. 684 00:47:24,923 --> 00:47:27,563 Vehicle on course, on track. 685 00:47:27,723 --> 00:47:30,603 And I had my head down. I was launch chief engineer. 686 00:47:30,763 --> 00:47:33,683 I was looking at the data and I look at the video data. 687 00:47:38,163 --> 00:47:44,123 At 137 seconds. Suddenly the rocket disappears. 688 00:47:45,843 --> 00:47:47,763 I look up, and the rocket is gone. 689 00:47:47,923 --> 00:47:49,803 And I was thinking, where did it go? 690 00:47:56,443 --> 00:48:00,243 And then we see these, these metal pieces raining down. 691 00:48:00,403 --> 00:48:06,683 And it was clear it exploded or fell apart in flight. 692 00:48:13,443 --> 00:48:19,603 Caught by surprise while on a break, Elon speaks to the press. 693 00:48:19,763 --> 00:48:25,203 Elon, can you talk for a second? 694 00:48:28,323 --> 00:48:31,043 What are your thoughts on-- 695 00:48:31,203 --> 00:48:35,163 Sorry, I can't like to comment anything. 696 00:48:35,323 --> 00:48:38,003 Our goal is to have the most reliable rocket ever, 697 00:48:38,163 --> 00:48:41,723 because this is gonna be launching astronauts in couple of years. 698 00:48:41,883 --> 00:48:45,243 So, it needs to be super, super reliable. 699 00:48:45,403 --> 00:48:46,883 -All right. -Thank you. 700 00:48:47,043 --> 00:48:51,283 The failure of the 9th rocket launch is a setback for SpaceX, 701 00:48:51,443 --> 00:48:55,203 but more damaging for Elon are the stories around tesla. 702 00:48:56,883 --> 00:48:58,403 Madre! 703 00:48:59,443 --> 00:49:02,803 Bad news for Tesla motors. It's target of federal investigation 704 00:49:02,963 --> 00:49:06,683 why two of company's Model S vehicles have caught fire this year. 705 00:49:06,843 --> 00:49:11,563 A small number of tesla car fires has a large effect on a company 706 00:49:11,723 --> 00:49:13,923 trying to appeal to a global marketplace. 707 00:49:14,083 --> 00:49:16,803 My kids'll be in the car. Friends'll be in the car. 708 00:49:16,963 --> 00:49:19,963 You guys will be in the car. We care about making sure 709 00:49:20,123 --> 00:49:22,203 this is the safest vehicle in the world. 710 00:49:28,803 --> 00:49:31,243 Driver hit a concrete wall. 711 00:49:32,403 --> 00:49:35,643 Nobody was hurt. But what is getting hurt are Tesla shares. 712 00:49:35,803 --> 00:49:38,203 They've shed about 12 percent since yesterday, 713 00:49:38,363 --> 00:49:43,243 dragging Tesla's market cap down by about three billion dollars. 714 00:49:43,403 --> 00:49:46,523 Elon goes on the offensive to defend tesla. 715 00:49:46,683 --> 00:49:49,163 Three fires in these Tesla vehicles 716 00:49:49,323 --> 00:49:51,523 with the most recent one in the past week. 717 00:49:51,683 --> 00:49:54,203 The headlines are extremely misleading. 718 00:49:54,363 --> 00:49:56,963 In fact, if fire risk is your concern, 719 00:49:57,123 --> 00:50:00,243 you would have great difficulty being in any better car 720 00:50:00,403 --> 00:50:01,843 than the Model S. 721 00:50:02,003 --> 00:50:04,883 -I don't know. -Not true. That's common misperceptions. 722 00:50:05,043 --> 00:50:07,643 How do you turn around image of an electric car? 723 00:50:07,803 --> 00:50:11,483 Our three non-injurious fires got more national headlines 724 00:50:11,643 --> 00:50:15,523 than a quarter million deadly gasoline car fires. 725 00:50:16,803 --> 00:50:19,763 That's mad. What the heck is going on? 726 00:50:19,923 --> 00:50:22,523 Are you quite thin skinned about this stuff? 727 00:50:23,563 --> 00:50:25,003 Well... 728 00:50:26,243 --> 00:50:30,963 I really care about Tesla and about the Model S and everything, 729 00:50:31,123 --> 00:50:34,683 so it's hard to be dispassionate about that. 730 00:50:34,843 --> 00:50:39,963 You know, it's a lot of blood, sweat and tears from a lot of people. 731 00:50:42,363 --> 00:50:45,563 Frustrated the bad press won't go away. 732 00:50:45,723 --> 00:50:48,243 Elon repeatedly takes to twitter. 733 00:50:48,403 --> 00:50:51,443 GERMAN GOVT REVIEWS TESLA MODEL S FIRES. 734 00:50:51,603 --> 00:50:54,443 MODEL S CONSUMER REPORTS CUSTOMER SATISFACTION 99/100 735 00:50:54,603 --> 00:50:58,883 With five minutes of research, you can get to the truth very quickly. 736 00:51:01,963 --> 00:51:04,763 Six months after the Falcon 9 explosion, 737 00:51:04,923 --> 00:51:08,243 Elon is desperate for a good news story. 738 00:51:09,763 --> 00:51:15,283 Today SpaceX are trying to safely land its reusable rocket. 739 00:51:15,443 --> 00:51:19,083 A historic first step towards the mission to Mars. 740 00:51:19,243 --> 00:51:23,443 So far we only tried to land on the ships. And then here we go. 741 00:51:23,603 --> 00:51:26,843 It's the first launch after this major anomaly 742 00:51:27,003 --> 00:51:29,843 where we lose payload on the way to space station. 743 00:51:30,003 --> 00:51:32,523 That's first launch that tries to land on land. 744 00:51:34,723 --> 00:51:36,563 Count on we had like certain issues 745 00:51:36,723 --> 00:51:39,763 where we needed to make decisions if this was good or not. 746 00:51:39,923 --> 00:51:43,763 I wanted Elon to decide. And, and he was thinking 747 00:51:43,923 --> 00:51:47,203 and I just I know he was thinking, and we'll come to a result. 748 00:51:47,363 --> 00:51:50,323 I just want to remind him, you got one minute left. 749 00:51:50,483 --> 00:51:52,323 As calmly as possible. 750 00:52:14,123 --> 00:52:18,403 We see it to the landing burn and then we hear this boom. 751 00:52:18,563 --> 00:52:21,723 And the boom coincides with the rocket disappearing. 752 00:52:23,163 --> 00:52:25,883 So we looked at screen again and there's the rocket. 753 00:53:02,923 --> 00:53:06,483 It was incredible. That was one of the best days of my life. 754 00:53:06,643 --> 00:53:10,643 I was truly thankful for seeing first hand 755 00:53:10,803 --> 00:53:14,083 that humanity can do impossible things 756 00:53:14,243 --> 00:53:17,443 and they are only impossible until somebody pulls them off. 757 00:53:18,723 --> 00:53:23,443 Elon is never satisfied, but that is what makes him who he is. 758 00:53:24,403 --> 00:53:26,803 I think he's an incredible gift to the world. 759 00:53:28,563 --> 00:53:32,163 He is arguably the best leader on the face of the planet. 760 00:53:32,323 --> 00:53:34,483 I would take the bad with the good. 761 00:53:34,643 --> 00:53:37,923 Because of you mess with recipe you might mess with the magic. 762 00:53:39,363 --> 00:53:42,883 His brain is fundamentally more efficient. 763 00:53:43,043 --> 00:53:47,563 There are times where like, I might think I disagree, 764 00:53:47,723 --> 00:53:50,843 but he's like, probably thought it through in a way 765 00:53:51,003 --> 00:53:53,883 that I haven't thought about it. If he asked me to jump 766 00:53:54,043 --> 00:53:56,123 I'm gonna ask him how high. 767 00:54:01,363 --> 00:54:04,043 NEXT TIME 768 00:54:07,483 --> 00:54:10,363 And this is just the beginning, they're going to Mars. 769 00:54:10,523 --> 00:54:12,883 Oh, no! 770 00:54:15,083 --> 00:54:17,203 Got a new tweet from Elon Musk. 771 00:54:17,363 --> 00:54:21,203 I am selling almost all physical possessions, will own no house. 772 00:54:22,523 --> 00:54:24,883 I think when Elon Tweets, he just goes 773 00:54:25,043 --> 00:54:27,803 with what's in his mind at the moment. 774 00:54:27,963 --> 00:54:31,243 Some I understand and some I don't. 775 00:54:31,403 --> 00:54:35,443 And he's described his father as emotionally abusive. 776 00:54:35,603 --> 00:54:37,483 My father has serious issues. 777 00:54:37,643 --> 00:54:43,803 My name is Errol Graham Musk. I'm, Elon's father. 778 00:54:43,963 --> 00:54:47,963 TRANSLATOR CREDIT Iyuno-SDI Group