However, after suffering the loss of “nonsense”, Musk is obviously a lot more cautious. Regarding the acquisition of Twitter, he said that the content of the disclosure is relatively limited, “because this is a sensitive topic, we must avoid leaving evidence.”
This typical tech nerd, who used to be unable to keep up with the operation of his brain, seems to be getting better and better at pinpointing the hot spots that people pay attention to.
“Tesla will lay off about 10% of its salaried employees in the next three months.” Musk said that a 10% reduction in fixed-salaried employees is equivalent to a reduction of about 3.5% of the total number of employees, “but the layoffs are not for Tesla. It’s not a big deal.”
When referring to Chinese companies, Musk gave a thumbs up again, saying that he was impressed by the performance of Chinese auto companies. “I think they’re very competitive, people in these companies are hard-working and very smart.”
This is the second Qatar Economic Forum. As a global economic event focusing on economic issues such as supply chain crisis and economic development imbalance John Micklethwait.
The following is a transcript of the conversation between the two, slightly excerpted from SuperEV-Lab:
a. The acquisition of Twitter is still blocked, and I hope that half of the world’s people use Twitter.
b. Deny the public as an opponent, and the biggest enemy is the supply chain.
c. Lay off 10% of staff within 3 months, and the number of employees will increase in the long term.
d. Stand with American politicians and do not affect Chinese business.
e. Dogecoin is definitely supported.
f. Release the robot at the end of September.
Wish Half the World’s People Use Twitter
Q: How is the $44 billion acquisition of Twitter going?
Musk: Given that this is a sensitive issue, I can say very limitedly publicly. So I need to measure it before responding, avoid unnecessary lawsuits, and leave as little evidence as possible is the most important.
Q: Does Twitter give you enough information?
Elon Musk: There are still some unanswered questions. Twitter says fake and spam users are only 5%, but that doesn’t match the experience many people have with Twitter, so we’re waiting to address those issues.
There is also the question of whether the debt portion of this round will be consolidated, and whether shareholders will vote in favor. Q: You said before that Twitter should be freer and allow more people to join. Who do you think should be allowed to join? Will there be restrictions?
Elon Musk: My vision for Twitter, or for a digital town square more broadly, needs to be as inclusive a system as possible. Ideally, it would be used by 80% of the North American population and half of the world’s population.
This means that Twitter is attractive to people, and obviously not a place to feel uncomfortable or harassed, otherwise people wouldn’t use it. People can speak freely within the scope of the law, but the dissemination of such content needs to be restricted, and information is pushed according to the user’s personal preference.
Q: It sounds like you want to get involved. Are you going to be the CEO of Twitter?
Elon Musk: I prefer to drive product development, even at SpaceX and Tesla, I’m working on product and technology.
Tesla’s biggest rival is the supply chain
Q: Let’s talk about Tesla. I am more interested in where does Tesla’s opponents come from? Someone predicted a new player, and I believe that prediction is true.
Elon Musk: I disagree with this prediction, I believe these predictions are from you. (laugh)
Q: But do you think Volkswagen will become your opponent? Or a Chinese car company?
Musk: What I want to say is that I am very impressed with Chinese car companies. They are very competitive, very hardworking and smart. I think there will be a huge wave of Chinese products in the world.
In fact, this is already the case, such as almost alliPhoneAll made in China, are made byappleCreated by Chinese contract manufacturers, and in many industries, you will see a large wave of Chinese products.
Q: Does China have an advantage in the field of electric vehicles?
Musk: We rarely think about competitors, we think more about raw materials and scaling up production. And Tesla’s hindrance isn’t from competitors, but from the many realities of the supply chain and the ability to build manufacturing.
For a lot of people who want to order a Tesla, there’s a long wait period, but it’s not our intention, we’re trying to increase our production capacity as much as possible, so we really don’t think too much about our competitors. We just think about how to address the constraints created by the supply chain and how to build factories within our own industrial capabilities.
10% layoff within 3 months
Q: Tesla is going to lay off 10% of its workforce. I would like to know what the exact number is? What is the plan?
Elon Musk: Yes, Tesla will cut about 10% of its fixed-wage employees, which is expected to be done over the next three months.
But we estimate that the number of employees on hourly wages will increase, but the number of employees on fixed wages has grown rapidly, too fast in some areas. There is therefore a need to reduce the number of people who are regularly paid. There are about 2/3 hourly pay and 1/3 fixed salary staff, so technically a 10% reduction in fixed salary staff is about 3.5% reduction in total headcount.
Q: Is this number legally important? People are going to say you’re going to lay off 10% of the workforce and make it official even in the US?
Elon Musk: We did announce, don’t take a baseless, pre-emptive lawsuit too seriously, it’s just a small case with no major consequences.
Anything to do with Tesla makes headlines. Whether it’s a bicycle accident, or something more serious. Matter or not, everything Tesla-related has a high hit rate, and I’d classify this as irrelevant.
If you look forward a year, I think we’ll have more fixed- or hourly-paid employees. But in the short term, 10% of the permanent workforce will be laid off. That’s actually 3.3% of the total headcount, not a big deal.
Stand with American politicians without affecting Chinese business
Q: What do you think the next economic situation will be like? Your predictions have not been very good before.
Musk: I think at some point a recession is inevitable. As for whether there will be a recession in the near future, I think that is very likely.
Q: You’ve indicated that Florida Governor Rwanda Santos is someone you can support. If he ran for president, would you support it? Or Trump?
Elon Musk: I haven’t decided who I’m going to support, or who I’m leaning towards, but I think maybe it will be Santos.
Q: Now what I’m asking is, if it was Trump, would you consider him?
Elon Musk: I don’t think a decision has been made on future elections.
Q: You said you wanted to spend money to support super moderates, how much do you think you would put in?
Elon Musk: I haven’t decided on the number yet. I think it’s not a small amount of money, somewhere between $20 million and $25 million.
Q: A lot of policies are talking about China. Do you think these will affect your business in China?
Musk: (after thinking for three seconds) No, I don’t think it matters.
Robot released at the end of September, hoping to have AI supervision
Q: On Twitter you said you would support a cryptocurrency, do you think people should invest in it?
Elon Musk: I never said people should invest in cryptocurrencies.
Tesla and myself both bought some bitcoin, but it was a small fraction of our total cash and not a big deal. Tesla and SpaceX accept Dogecoin to buy goods. I saw a lot of people who were not very wealthy, encouraged and supported me to buy Dogecoin, so I responded to them.
Those who worked at Tesla and SpaceX wanted me to support Dogecoin, so I did.
Q: Can you tell us something about the upcoming release of humanoid robots on September 30?
Musk: I hope to show you a very interesting prototype.
Tesla has a very talented team and hopefully, by the end of September, a robot prototype will be ready, and we’re targeting that point.
At Tesla’s AI DAY, we’ve got other exciting stuff to show. The reason why we have AI DAY is to emphasize that we are not only a car company, we are also a leading AI company in my opinion.
Q: Have you noticed the recent drama at Google? One engineer said that he thinks that artificial intelligence is closer to having a soul, producing personality characteristics, are you worried?
Elon Musk: I think we should be concerned about AI, and in the long run, we need an AI regulator to oversee AI in the public interest.
Actually anything that has a risk to the public, whether it’s the Food and Drug Administration, or the Federal Aviation Administration, and the Communications Commission, whether it’s a public risk or a public interest, it’s always good to have a government adjudicator and regulator. We should also have AI oversight, but we don’t have it yet, that’s my suggestion.