1 00:00:00,000 --> 00:00:03,000 Since Elon Musk took the reins of Twitter Inc, the social media 2 00:00:03,000 --> 00:00:06,200 giant has been hit with an increasing number of accusations 3 00:00:06,200 --> 00:00:08,600 that it's failed to pay his dues as it aims to reach 4 00:00:08,600 --> 00:00:11,300 profitability this year in recent months, landlords 5 00:00:11,300 --> 00:00:13,300 consultants and vendors have filed. 6 00:00:13,300 --> 00:00:16,400 Nine lawsuits against Twitter, claiming over 14 million 7 00:00:16,400 --> 00:00:17,700 dollars. Plus interest. 8 00:00:17,900 --> 00:00:19,100 What are the plaintiffs demanding? 9 00:00:19,100 --> 00:00:20,800 Payment? Is a vendor who claims to be 10 00:00:20,800 --> 00:00:24,800 owed, nearly seven thousand dollars for a swag gift box for 11 00:00:24,800 --> 00:00:27,700 Ilan which was ordered by Twitter's marketing department 12 00:00:27,700 --> 00:00:29,800 just days before the forty four billion. 13 00:00:30,000 --> 00:00:33,900 Dollar acquisition deal closed on October 27th in one of the 14 00:00:33,900 --> 00:00:37,200 nine lawsuits, the plaintiff sought dismissal and the case 15 00:00:37,200 --> 00:00:40,100 was closed on Friday and since taking over mr. 16 00:00:40,100 --> 00:00:43,100 Musk has inherited a pile of bills and implemented, a more 17 00:00:43,100 --> 00:00:46,500 stringent spending approach as part of his signature intensity. 18 00:00:46,800 --> 00:00:49,600 His previous experience including lending Tesla ink 19 00:00:49,600 --> 00:00:52,900 through close brushes with financial disaster is involved. 20 00:00:52,900 --> 00:00:57,000 Applying pressure on supplies and vendors when preserving cash 21 00:00:57,000 --> 00:00:59,100 was critical. Now, van Conway, a 22 00:00:59,100 --> 00:01:03,100 restructuring, Burt with about 40 years of experience, helping 23 00:01:03,100 --> 00:01:04,900 struggling, companies for marked. 24 00:01:04,900 --> 00:01:08,300 What Elon Musk is doing is basically simulating a 25 00:01:08,300 --> 00:01:11,000 bankruptcy. He's taking a machete to his 26 00:01:11,000 --> 00:01:13,300 costs. Now, at the time of this 27 00:01:13,300 --> 00:01:17,100 recording, neither Twitter, nor Elon Musk has responded to my 28 00:01:17,100 --> 00:01:18,900 request for comment on the matter. 29 00:01:19,000 --> 00:01:21,700 And since late October, Twitter has undergone a series of 30 00:01:21,700 --> 00:01:23,900 dramatic changes under the leadership of mr. 31 00:01:23,900 --> 00:01:27,000 Musk who has been on a mission to transform the product of a 32 00:01:27,008 --> 00:01:30,400 company that has a history of losing money and reduce Costs in 33 00:01:30,400 --> 00:01:34,000 the face of an Advertiser pull back and deal related dead 34 00:01:34,000 --> 00:01:36,700 expenses. Now he is implemented, Sharp 35 00:01:36,700 --> 00:01:40,000 Staff cuts, and criticized spending and tweets such as the 36 00:01:40,000 --> 00:01:42,900 13 million dollars. The company spends on employee 37 00:01:42,900 --> 00:01:46,200 meals at its headquarters initially Ilan complained that 38 00:01:46,200 --> 00:01:49,400 Twitter was losing over four million dollars a day and 39 00:01:49,400 --> 00:01:52,100 suggested that bankruptcy was a possibility. 40 00:01:52,500 --> 00:01:55,100 However, he later claimed that the company was making progress. 41 00:01:55,300 --> 00:01:58,700 He said Twitter still has challenges but is now trending 42 00:01:58,700 --> 00:02:03,600 to break even We keep at it said that on February 5th and of the 43 00:02:03,600 --> 00:02:05,500 nine lawsuits filed against Twitter. 44 00:02:05,800 --> 00:02:08,199 Three, involve office space, including the company's 45 00:02:08,199 --> 00:02:11,000 headquarters in San Francisco. Where the landlord his claim 46 00:02:11,000 --> 00:02:14,300 that Twitter failed to make almost six point, eight million 47 00:02:14,300 --> 00:02:18,000 dollars in, rent payments for December and January Twitter, 48 00:02:18,000 --> 00:02:20,000 which is a now it's a private company. 49 00:02:20,200 --> 00:02:23,900 They no longer discloses Financial details publicly and 50 00:02:23,900 --> 00:02:28,200 the company reported last year that it owed 239 million dollars 51 00:02:28,200 --> 00:02:32,200 primarily for Office Space. Space and data center facilities 52 00:02:32,300 --> 00:02:35,600 in 2023. In one of the lawsuits filed in 53 00:02:35,608 --> 00:02:39,200 January Canary LLC, a marketing company, specializing in 54 00:02:39,200 --> 00:02:42,500 producing the kind of logo decorated items commonly used in 55 00:02:42,500 --> 00:02:46,000 Silicon Valley Tech companies. Claim that Twitter is behind on 56 00:02:46,000 --> 00:02:49,900 payments of almost 400,000 dollars for various Twitter 57 00:02:49,900 --> 00:02:53,300 branded merchandise now court documents filed by the company 58 00:02:53,500 --> 00:02:55,600 included. A purchase order for most seven 59 00:02:55,600 --> 00:02:59,400 thousand dollars which described a swag gift bag for Ilan. 60 00:02:59,700 --> 00:03:03,200 The Order included a sandblasted logo on a Japanese whiskey 61 00:03:03,200 --> 00:03:05,600 bottle, and extra-large bomber jacket. 62 00:03:05,700 --> 00:03:08,900 And more than $250, worth of socks. 63 00:03:09,200 --> 00:03:12,800 It is unclear whether the items were intended for Ilan, or if he 64 00:03:12,800 --> 00:03:17,900 even received them, a lawyer for Canary declined to comment at 65 00:03:17,900 --> 00:03:19,800 the time of this recording now, mr. 66 00:03:19,800 --> 00:03:24,200 Musk's financial management tactics are not new in 2018 67 00:03:24,200 --> 00:03:27,000 Tesla, where he is. Also the CEO worried its 68 00:03:27,000 --> 00:03:29,500 suppliers as this struggled to increase production of the 69 00:03:29,500 --> 00:03:32,000 model. Three compact car at the time, 70 00:03:32,000 --> 00:03:35,600 the company extended payment terms from 60, to 90 days, and 71 00:03:35,600 --> 00:03:38,500 stopped some payments all together and some smaller 72 00:03:38,500 --> 00:03:41,800 suppliers, even filed, mechanic's liens, legal claims 73 00:03:41,800 --> 00:03:45,400 seeking unpaid compensation against Tesla, alleging unpaid 74 00:03:45,400 --> 00:03:48,100 suppliers and services. And in the midst of the 75 00:03:48,100 --> 00:03:51,700 covid-19, pandemics early unpredictable days, Tesla found 76 00:03:51,700 --> 00:03:54,600 itself in a cache conserving frenzy, like so many other 77 00:03:54,600 --> 00:03:57,700 companies as quarantine procedures closed down much of 78 00:03:57,700 --> 00:04:00,400 its business. The automaker reached To several 79 00:04:00,400 --> 00:04:03,900 landlords to request rent reductions but it wasn't the 80 00:04:03,900 --> 00:04:07,200 only one making such appeals and meanwhile it Twitter, the 81 00:04:07,200 --> 00:04:10,400 aftermath of a turbulent acquisition deal involving none, 82 00:04:10,400 --> 00:04:14,000 other than Elon Musk himself has led to a legal to speed over 83 00:04:14,000 --> 00:04:17,500 alleged unpaid bills. According to court records 84 00:04:17,800 --> 00:04:20,700 Twitter exacts, a range. Last minute, charter flights to 85 00:04:20,700 --> 00:04:24,700 shuttle then Chief, marketing officer Leslie burland between 86 00:04:24,700 --> 00:04:27,600 New Jersey and San Francisco as they scramble to wrap up the 87 00:04:27,600 --> 00:04:30,100 deal. But after the dust settled, His 88 00:04:30,100 --> 00:04:31,700 head of global strategic sourcing. 89 00:04:31,900 --> 00:04:35,500 Marty O'Neill refused to pay the one hundred and ninety seven 90 00:04:35,500 --> 00:04:39,000 thousand seven hundred and twenty five dollar bill from 91 00:04:39,000 --> 00:04:41,800 private jet Services. Citing the company's contract 92 00:04:41,800 --> 00:04:45,200 with a charter service that only designated Representatives could 93 00:04:45,200 --> 00:04:47,500 book flights. What a Twitter employee pointed 94 00:04:47,500 --> 00:04:51,000 out, the former CEO of Prague or wall had approved flights and 95 00:04:51,000 --> 00:04:54,200 Leslie was the main liaison between Twitter and musk O'Neill 96 00:04:54,200 --> 00:04:56,900 responded with the finality, the seem to close the door on the 97 00:04:56,900 --> 00:04:59,400 issue. New management is not going to 98 00:04:59,400 --> 00:05:01,300 budge. The case was voluntarily 99 00:05:01,300 --> 00:05:04,600 dismissed by private jet services on Friday but neither 100 00:05:04,600 --> 00:05:06,400 side has commented on the matter. 101 00:05:06,500 --> 00:05:08,900 Hey if you could do me a favor and hit the Subscribe button on 102 00:05:08,900 --> 00:05:11,700 whatever podcast platform you're listening and right now, I'd 103 00:05:11,700 --> 00:05:15,300 greatly appreciate it. Now let's get into some SpaceX 104 00:05:15,300 --> 00:05:18,000 news. SpaceX is super heavy rocket. 105 00:05:18,000 --> 00:05:21,700 Recently completed a static fire test in South Texas where 31 out 106 00:05:21,700 --> 00:05:25,200 of 33 of its engines ignited with Elon Musk expressing 107 00:05:25,200 --> 00:05:28,600 satisfaction with the results in the successful test received. 108 00:05:28,600 --> 00:05:32,000 Praise from NASA. - traitor, Bill Nelson, who recognize that 109 00:05:32,000 --> 00:05:36,000 the Starship super-heavy system is integral to NASA's Moon, to 110 00:05:36,000 --> 00:05:39,600 Mars architecture, and helping astronauts land on the moon. 111 00:05:40,000 --> 00:05:43,500 This success is a significant milestone for SpaceX and NASA, 112 00:05:43,700 --> 00:05:46,500 but the question remains, what comes next? 113 00:05:46,600 --> 00:05:49,300 Now, musk hopes that the first orbital test of the Starship, 114 00:05:49,300 --> 00:05:51,500 super heavy system will occur in March. 115 00:05:51,500 --> 00:05:54,300 However, before this launch can happen SpaceX. 116 00:05:54,300 --> 00:05:57,800 Engineers must evaluate the results of the static fire test 117 00:05:57,800 --> 00:05:59,800 and determine if the rocket is ready. 118 00:05:59,900 --> 00:06:02,700 For a launch. Additionally, the Federal 119 00:06:02,700 --> 00:06:05,900 Aviation Administration, the FAA will need to approve this 120 00:06:05,900 --> 00:06:08,200 launch. And the regulatory agency has 121 00:06:08,200 --> 00:06:11,700 been considering issuing, a launch license for a while and 122 00:06:11,700 --> 00:06:13,500 this is cause delays in the past. 123 00:06:13,800 --> 00:06:16,600 Now, NASA views the development of the lunar lander version of 124 00:06:16,600 --> 00:06:20,800 the Starship with much urgency, but the FAA doesn't have to 125 00:06:20,800 --> 00:06:24,200 follow by NASA's rules. And the first orbital flight of 126 00:06:24,200 --> 00:06:27,100 Starship becomes crucial is SpaceX president wind. 127 00:06:27,100 --> 00:06:30,400 Shotwell suggested that the company would like To launch the 128 00:06:30,400 --> 00:06:34,300 mammoth rocket ship 100 times without a crew before putting 129 00:06:34,300 --> 00:06:36,700 people on it. Even though shout well, went on 130 00:06:36,900 --> 00:06:40,000 to say that this plan was aspirational is suggest. 131 00:06:40,000 --> 00:06:44,900 This SpaceX will need to launch. It least almost every single 132 00:06:44,900 --> 00:06:48,200 week if it intends to be ready to take astronauts to the lunar 133 00:06:48,200 --> 00:06:51,900 Surface by 2025. And if SpaceX makes Starship 134 00:06:51,900 --> 00:06:55,100 operational, it will have pulled off a history changing 135 00:06:55,100 --> 00:06:58,100 development, the Starship will take humans back to the moon and 136 00:06:58,100 --> 00:07:01,300 could be instrumental in opening the Our solar system to human 137 00:07:01,300 --> 00:07:04,500 civilization musk would like to use the rocket to go to Mars and 138 00:07:04,500 --> 00:07:06,000 found a settlement on the red planet. 139 00:07:06,000 --> 00:07:09,700 And recently SpaceX increased its estimate on how much the 140 00:07:09,700 --> 00:07:13,100 Starship could take into space. Reusable version will be able to 141 00:07:13,100 --> 00:07:17,100 convey 150 metric, tons of people and material into low 142 00:07:17,100 --> 00:07:19,000 earth orbit. But in Expendable version of the 143 00:07:19,008 --> 00:07:22,800 Starship that would not carry extra fuel, would be able to 144 00:07:22,800 --> 00:07:26,100 take an eye-popping 250 metric tons into space. 145 00:07:26,400 --> 00:07:29,700 By comparison the Expendable, Saturn 5 could carry. 146 00:07:29,800 --> 00:07:33,700 In 18 metric tons into space, which included the third stage 147 00:07:33,700 --> 00:07:38,500 with unexpended propellant, and the Apollo command/service and 148 00:07:38,500 --> 00:07:41,900 lunar modules, over all the success of SpaceX is super 149 00:07:41,900 --> 00:07:43,600 heavy. Rocket MRSA is over. 150 00:07:43,600 --> 00:07:45,800 All the success of SpaceX is super heavy. 151 00:07:45,800 --> 00:07:49,300 Rocket marks a significant step forward for the Starship super 152 00:07:49,300 --> 00:07:51,300 heavy system. And its role in space 153 00:07:51,300 --> 00:07:54,200 exploration, if all goes well, the first orbital test of 154 00:07:54,207 --> 00:07:57,100 Starship will occur in March. Followed by the mammoth rocket 155 00:07:57,100 --> 00:07:59,400 ship launching 100 times without a crew. 156 00:07:59,900 --> 00:08:01,900 Taking astronauts to the lunar Surface. 157 00:08:01,900 --> 00:08:05,800 By 2025, the Starship will take humans back to the moon and 158 00:08:05,800 --> 00:08:08,900 could be instrumental in opening the inner solar system to human 159 00:08:08,900 --> 00:08:10,600 Civilization. Now we're going to take a quick 160 00:08:10,600 --> 00:08:13,400 break in when we get back. We're going to be talking about 161 00:08:13,400 --> 00:08:17,800 Teslas, opening of the supercharger Network, to all EVS 162 00:08:17,900 --> 00:08:20,800 back to the Elon Musk podcast. I'm your host, William Walden. 163 00:08:21,000 --> 00:08:23,800 Now, electric vehicles have taken the World by storm, and 164 00:08:23,800 --> 00:08:26,200 one of the most significant roadblocks to their widespread. 165 00:08:26,200 --> 00:08:29,700 Adoption is a lack of charging infrastructure Tesla. 166 00:08:29,800 --> 00:08:33,100 Company that has been on the Forefront of EV Tech has a 167 00:08:33,100 --> 00:08:36,799 solution open up. Its supercharger Network to all 168 00:08:36,799 --> 00:08:39,500 electric vehicles. This move by Tesla could be a 169 00:08:39,500 --> 00:08:43,700 game changer in making V's more accessible to all Americans in 170 00:08:43,700 --> 00:08:45,500 the Biden. Ministration says that Tesla 171 00:08:45,500 --> 00:08:49,700 will make 7500 electric vehicle Chargers compatible with non 172 00:08:49,700 --> 00:08:52,100 Tesla vehicles, however, it's unclear. 173 00:08:52,100 --> 00:08:55,200 How Tesla will do this since their vehicles, use a different 174 00:08:55,200 --> 00:08:57,100 charging port than the industry standard. 175 00:08:57,400 --> 00:09:01,500 And despite this uncertainty it is A massive step towards making 176 00:09:01,500 --> 00:09:05,000 America's most robust EV charging network available to 177 00:09:05,000 --> 00:09:07,400 drivers of more affordable. V's. 178 00:09:07,600 --> 00:09:11,700 According to Cameron's of irony, a Ford dealership manager said, 179 00:09:11,700 --> 00:09:15,600 Evie's have been very popular. It's made up about 40 percent of 180 00:09:15,600 --> 00:09:18,200 our sales this year actually. And when you include hybrids and 181 00:09:18,200 --> 00:09:21,800 plug-in hybrids, it's over 50% to support the growing 182 00:09:21,800 --> 00:09:25,500 popularity of electric vehicles. The bipartisan infrastructure 183 00:09:25,500 --> 00:09:29,400 package set aside 7.5 billion dollars for 500,000. 184 00:09:29,800 --> 00:09:33,400 EV Chargers in the US the plan would put them largely along. 185 00:09:33,400 --> 00:09:36,300 Major highways, a shift in public infrastructure, that 186 00:09:36,300 --> 00:09:39,500 could mean big business for people like Rory, baldry bald, 187 00:09:39,500 --> 00:09:42,700 Ria Boise based, businessman does good business, replacing 188 00:09:42,700 --> 00:09:45,700 internal combustion engines with giant batteries and classic 189 00:09:45,700 --> 00:09:48,000 cars. He said we're motorhead's, we 190 00:09:48,000 --> 00:09:50,800 like the noise, we like the sound, we were all concerned 191 00:09:50,800 --> 00:09:53,000 that. Once we built the first one that 192 00:09:53,000 --> 00:09:56,500 we wouldn't enjoy it, because of the lack of the sound and I love 193 00:09:56,500 --> 00:09:58,000 it. I think it's fantastic. 194 00:09:58,100 --> 00:10:01,000 The massive investment in Evie. Charging infrastructure could 195 00:10:01,000 --> 00:10:04,300 make Eevee's more accessible to a broader range of drivers. 196 00:10:04,600 --> 00:10:07,600 However, it also raises questions about regulating 197 00:10:07,600 --> 00:10:11,100 electric charging stations, such as ensuring prices are fair in 198 00:10:11,100 --> 00:10:13,300 the energy. One pays for it is what they 199 00:10:13,300 --> 00:10:16,700 actually get, Tina butcher, supervisory, physical scientists 200 00:10:16,700 --> 00:10:19,500 at the National Institute of Standards and Technology said, 201 00:10:19,600 --> 00:10:22,300 if I were a business that I own, an electric vehicle, fueling 202 00:10:22,300 --> 00:10:25,000 station, I want to make sure that my competitors are held to 203 00:10:25,000 --> 00:10:27,300 the same rules that I am anytime. 204 00:10:27,300 --> 00:10:30,700 Someone can make a quick Buck, they're going, Which is why we 205 00:10:30,700 --> 00:10:34,100 need some sort of Regulation. Larry Caldwell, who owns an EV 206 00:10:34,100 --> 00:10:38,200 agreed saying we need some sort of Regulation to ensure that all 207 00:10:38,200 --> 00:10:41,700 charging stations operate fairly and consistently Tesla is 208 00:10:41,700 --> 00:10:44,400 working to make us charging ports compatible with non 209 00:10:44,400 --> 00:10:48,400 Tesla's by the end of next year. It is one step on the long road 210 00:10:48,400 --> 00:10:51,000 to electrifying America. With the federal government's 211 00:10:51,000 --> 00:10:53,500 recent investment. In EV charging infrastructure. 212 00:10:53,800 --> 00:10:56,600 V's will become more accessible in a Greener. 213 00:10:56,600 --> 00:10:59,700 Future will be within reach. Now, there's an important. 214 00:10:59,800 --> 00:11:02,200 To this charging infrastructure in the lack of charging 215 00:11:02,200 --> 00:11:05,200 infrastructure right now has long been a roadblock to the 216 00:11:05,200 --> 00:11:07,400 widespread adoption of electric vehicles. 217 00:11:07,700 --> 00:11:10,800 Unlike gasoline stations which are a bit quickest. 218 00:11:11,100 --> 00:11:13,800 Charging stations are few and far between it can be 219 00:11:13,800 --> 00:11:16,500 challenging to find a charging station when you need it. 220 00:11:16,800 --> 00:11:20,400 And even when you do you may have to wait in a long line for 221 00:11:20,400 --> 00:11:24,100 hours to get a charge out. Tesla Supercharger network was a 222 00:11:24,100 --> 00:11:27,000 game changer when it was introduced and the superchargers 223 00:11:27,000 --> 00:11:29,600 are capable of providing up to 120 kilowatt. 224 00:11:29,700 --> 00:11:33,700 So power allowing Tesla vehicles to add up to 200 miles of range 225 00:11:33,800 --> 00:11:36,600 and around 15 minutes. However, until now, the 226 00:11:36,600 --> 00:11:40,100 superchargers were only available to Tesla owners with 227 00:11:40,100 --> 00:11:43,400 Tesla's announcement that it will make 7500 electric vehicle 228 00:11:43,400 --> 00:11:45,200 Chargers. Compatible with not Tesla's 229 00:11:45,200 --> 00:11:48,400 drivers of other V's will have access to this fast charging 230 00:11:48,400 --> 00:11:50,600 Network in the future. Hey, thank you for listening to 231 00:11:50,600 --> 00:11:53,700 the Elon Musk podcast. I'm your host will Walden and I 232 00:11:53,700 --> 00:11:56,200 want to urge you to, please hit the Subscribe button, on 233 00:11:56,200 --> 00:11:57,900 whatever podcast platform that you're on. 234 00:11:57,900 --> 00:11:59,600 Right now, it really helps the show out. 235 00:11:59,700 --> 00:12:02,100 Amenda SLI. If you enjoy Elon Musk, and if 236 00:12:02,100 --> 00:12:05,400 you enjoy the show, please take a second to go to our patreon. 237 00:12:05,400 --> 00:12:09,300 Patreon.com / stage 0 to help us out. 238 00:12:09,300 --> 00:12:11,000 Take care and I'll see you in the next one.