Elon Musk's Basic Economics

Share
Embed
  • Published on Oct 24, 2017
  • Get your custom domain at hover.com/wendover
    Check out Joseph from Real Life Lore's book: amzn.to/2laZBie
    Subscribe to this new channel from Wendover Productions: tvclip.biz/user/halfasinteresting
    Check out my podcast with Brian from Real Engineering:
    itunes.apple.com/us/podcast/showmakers/id1224583218?mt=2 (iTunes link)
    tvclip.biz/channel/UC_10vJJqf2ZK0lWrb5BXAPg (TVclip link)
    Support Wendover Productions on Patreon: www.patreon.com/wendoverproductions
    Get a Wendover Productions t-shirt for $20:
    store.dftba.com/products/wendover-productions-shirt
    TVclip: www.TVclip.com/WendoverProductions
    Twitter: WendoverPro
    Email: WendoverProductions@gmail.com
    Reddit: Reddit.com/r/WendoverProductions
    Animation by Josh Sherrington (tvclip.biz/user/heliosphere)
    Sound by Graham Haerther (www.Haerther.net)
    Thumbnail by Joe Cieplinski (joecieplinski.com/)
    Elon Musk Photo 1 courtesy Heisenberg Media
    SpaceX footage courtesy SpaceX
    Tesla footage courtesy Tesla
    Music: "Under Suspicion" by Lee Rosevere and "Euphoric" by Sound of Picture
    Big thanks to Patreon supporters: Kevin Song,
    Kevin Song, David Cichowski, Andy Tran, Victor Zimmer, Paul Jihoon Choi, Dylan Benson, M van Kasbergen, Etienne Dechamps, Adil Abdulla, Arunabh Chattopadhyay, Ieng Chi Hin, Ken Rutabana, John Johnston, Connor J Smith, Rob Harvey, Arkadiy Kulev, Hagai Bloch Gadot, Aitan Magence, Eyal Matsliah, Sihien Goh, Joseph Bull, Marcelo Alves Vieira, Hank Green, Plinio Correa, Brady Bellini

Comments • 5 338

  • Frank E
    Frank E 4 hours ago

    Dont buy a car that you cant afford.
    Make your car payments with market interest to yourself for 5 years first, then buy your car. (If after that, you still can't buy it,....definitely can't afford it)
    Dont buy a car.
    I believe Musk may disagree....but those 3 points has lead me to wealth and a care free life, fun-filled life.

  • Hump Channel
    Hump Channel 4 hours ago

    11.6 percent of corporate profits to run our infrastructure would ommit the national deficit

  • Γρηγόρης Αράπης

    Whenever Musk makes that internet company, I am signing up! The local services here in Greece are garbage

  • SKAmillz009
    SKAmillz009 Day ago

    Why steal what wrong with aluminum

  • Bugatti Veyron
    Bugatti Veyron 4 days ago

    Elon Musk = Bum. TESLA = bankrupt. End of story.

  • Caleb
    Caleb 5 days ago

    Musk is also saving tax payers money. I wonder how tax negative you could consider him.

  • Ray Lopez
    Ray Lopez 6 days ago

    The assumption behind the premise that Musk cuts costs by building something cheaper rather than outsourcing it is that Musk's products are not revolutionary, just 'yesterdays tech made cheaper'. That's a losing strategy for 'next-gen' products. Lead acid or even current Li-ion traditional batteries will not power tomorrow's electric cars, just today's glorified electric golf carts that look like cars. Sorry folks, just speaking the truth.

  • Gaurav Dhillon
    Gaurav Dhillon 6 days ago

    ISRO's (Indian Space Research Organisation) Per Launch Cost is USD 20-30 Million which is already half of what Musk is trying to achieve and it is always going to come down.

  • TwoJacksAndAnAce
    TwoJacksAndAnAce 6 days ago

    A true visionary, with his wealth and power he does not live a lavish lazy life but uses his good fortune to pursue an increase in survival for the human race. Getting to and colonizing Mars means an entire new planet that is untouched for humanity to exploit and allows us many other opportunities in space exploration and science. Set up a launch area on Mars means you save a lot of money since you don't need to pay for a larger distance. Two planets is better than one thus the human races odds of continued survival and success go up 50%.

  • Mista Keez
    Mista Keez 9 days ago +1

    5:30 the other companies left because they are traitors to the US

  • summon shresth
    summon shresth 9 days ago

    This video feels like hypnotizing for ads

  • Tanishq jain
    Tanishq jain 9 days ago

    i wanna explore space too....but i have the same problem....its too expensive

  • jc teslovich
    jc teslovich 11 days ago

    Laughs in notorious under performance across the board and generally poor practices...

  • Oscar Lopez
    Oscar Lopez 15 days ago

    This is going to get Musk sleeping with the fishes. He is bad for business

  • Can I get Subscribers With No Videos

    "Imagine $70 iphone"
    China: thats what we have already made.
    USA(TRUMP) : thats ilegal. Lets attack china because we american cant do that.

    • Timur1214
      Timur1214 3 days ago

      Mimimimimi

    • Can I get Subscribers With No Videos
      Can I get Subscribers With No Videos 3 days ago

      @Timur1214 why you crying because i told the bitter truth of USA and is it difficult to digest the reality ?? Good luck for your real name as if you have a real name here ..

    • Timur1214
      Timur1214 6 days ago

      He's one of those "sub to me because my name says so" ret4rds so what did you expect. What a waste of life

    • SCP - 106
      SCP - 106 7 days ago

      Bruhv

  • Jaliscia Jackson
    Jaliscia Jackson 15 days ago

    They make batteries now

  • leonard Langner
    leonard Langner 17 days ago +1

    50Million People 30Billion? There’s no way Ima Pay 600$ a Year for Internet.

    • whoppix
      whoppix 16 days ago

      Lots of people all over the world already pay that or more, and those people are living in areas where cable-based internet is available. It's not hard to imagine that you could find 50 million across the globe who would be willing to pay that, especially in areas where better internet access (or any access at all) would be transformative.

  • Justin Moore
    Justin Moore 19 days ago

    Since when do we do whats logical? This is the most important decision in the world and you are all going to leave it up to faith? I like you fuckers. You all know how to party.

  • Hazel Taw
    Hazel Taw 20 days ago

    Why’s Tesla producing Tesla in China? Would Tesla intellectual property be copied by China to displace the EV market? China is known for stealing technology from the West.

  • Victor Pisarev
    Victor Pisarev 20 days ago

    Wendover + RealLifeLore = ideal crossover

  • Lila DeLuca
    Lila DeLuca 20 days ago

    Elon musk cares about us, unlike many other companies

  • Slowmotion
    Slowmotion 21 day ago

    The US likes selling weapons

  • John Eric
    John Eric 21 day ago

    Basic economics is a book written by Thomas Sowell., A brilliant economist. Have some respect bro.

  • fladave99 Mills
    fladave99 Mills 21 day ago

    Musk figured out how to STEAL MONEY. NONE of his companies make any money. TESLA LOSES 1 BILLION dollars a quarter. He is a crook. Nice idea

  • Brett DeLong
    Brett DeLong 22 days ago

    Pricing yourself at 1/10th of your competition seems a foolish way to fund the rest of your ambitions.

  • Moha J
    Moha J 24 days ago

    This guy is soo awesome

  • etou
    etou 25 days ago

    Lol "basic economics"
    Make something that a billionaire company wants to buy -> profit. *"basic"*
    -_-

  • Abrar Sharif
    Abrar Sharif 26 days ago

    One day in the future we're going to remember elon musk as Albert Einstein

  • partylikeits$19.99
    partylikeits$19.99 26 days ago

    One TENTH cheaper NOT ten TIMES**

  • Michael Piperni
    Michael Piperni 27 days ago

    Hmm.. a reusable space launch vehicle.. a 'shuttle' to space, of sorts - credit to Musk for such an original idea!

  • nannite
    nannite 27 days ago

    Elon Musk is a snake oil salesman who markets emotional appeasement towards a scientifically illiterate population.

  • Jon G
    Jon G 27 days ago

    Love Elon!

  • Ben
    Ben 27 days ago

    if musk makes a phone im buying it i bet it would be at a reasonable price

  • Jackamomo
    Jackamomo 28 days ago

    If you want to understand Elon Musk you can replicate his thought process if you push air slowly through your lips, make a humming noise then strum you fingers over them.

  • Said Eli Cueva Sava
    Said Eli Cueva Sava 29 days ago

    Classic/conservativ economy is wonderful. Fuck socialism and high taxes. It's just excuses and unhapiness from leftist people

  • SaSu Ke
    SaSu Ke Month ago

    That is many many millions for a launch ! Mind blowing !

  • Joshthe CapGuy
    Joshthe CapGuy Month ago

    So, his followers are the Musketeers

  • 2serveand2protect
    2serveand2protect Month ago

    PS. Very interesting channel, by the way! - thumb up & subscribed. Thank You!

  • 2serveand2protect
    2serveand2protect Month ago

    For Christ's sakes! Space exploration IS our future. We are like oysters glued to a rock in the middle of the Ocean! - if we don't make that "leap" - we will not survive. ONE BIG SOLAR FLARE - pointed BY CHANCE in the direction of our planet - not even a very strong one, but STRONG JUST ENOUGH to pass through our "magnetic atmosphere" will WREAK HAVOC upon us, sending us back a thousand years straight into the Middle Ages! Either we go "AD ASTRA" - either we DIE. So it is OBVIOUSLY good business - actually - the BEST business you could ever get into.

  • ieong nathan
    ieong nathan Month ago

    That’s not economics......

  • Jip Oomen
    Jip Oomen Month ago

    Why doesn't Space X charge $350,000 for a launch?

  • KonyHawksProSlaver
    KonyHawksProSlaver Month ago

    Basic Elonomics.

  • Michael Mcardle
    Michael Mcardle Month ago

    Do they consider space litter. We already made the planet dirty. But in space I never breaks down.

  • Terrio Lancer
    Terrio Lancer Month ago

    We thank the aliens for you Elon Musk

  • John Wick's Book
    John Wick's Book Month ago

    TVclip unsubscribed me but I found my way back.

  • Aerostar Aerosmith
    Aerostar Aerosmith Month ago

    Socialist countries used to have that kind of economy. This was the good side of socialism. But that pissed of many capitalist countries. Now we work for them to make their product and after that we have to buy the same product from them.

  • Hải Vũ
    Hải Vũ Month ago

    Why you would need a domain when people are migrating to Mars...
    Just kidding. Thanks for the excellent quality videos.

  • Varangian af Scaniae

    What a terrible video. It's made as a commercial. You shouldn't let your love for Mr Musk colour your creation, it looks fan girly and amateurish.

  • Arkadiusz Bialas
    Arkadiusz Bialas Month ago

    Ok, in 8:38 is something wrong. If 50 mil. Users make 4 bil. $ per year, then its 80 $ per year, and 6,6 $ month, that is like at least 4 Times cheaper than stationary internet in Poland, So its real good price if it Will realy be fast. But then everybody could chose his internet, So lets say it would be not 50 mil but 2 bilion users, that makes 160 bilion per year.... He will every year get more money than Bezos is worth, and its only one of his investment.
    Mine God, Musk will become first Ruler of Human Galactic Empire!
    All Hail Elon!
    All Hail Musk!

  • benjamin dsilva
    benjamin dsilva Month ago +1

    Imagine a 50k jet fighter. Now that's the real money shot.

  • youxkio
    youxkio Month ago

    this video has 2 years. It needs an update.

  • Tarık Mengüç
    Tarık Mengüç Month ago

    internet providers in my country are fucking thiefs I would glady buy Musk's internet.

  • William Hunt
    William Hunt Month ago

    Phenomenal video. Great job 👍😊

  • Erick
    Erick Month ago +1

    I dont theink he will ever go public, he regreted taking tesla public

  • Med ia
    Med ia Month ago +1

    You can literally buy all them things now at that price.

  • TurboBass
    TurboBass Month ago

    "That might not be too far off" are we talking geological time scale here?

  • Ray Milligan
    Ray Milligan Month ago

    he built the ugly" Box Truck " !

  • Hus 9
    Hus 9 Month ago

    Elon Musk is Doing things the right way 🙌✨🌏🌎🌍🌌✨🙌

  • Reagan Hutchins
    Reagan Hutchins Month ago

    More for me, less for you.

  • shodanxx
    shodanxx Month ago

    What a simplistic reductionist neoliberal interpretation