Speaker Fink
That was not a, that was not a large applause. Start again.
Elon Musk discusses AI, robotics, Tesla's growth, global peace, and technology innovation with Larry Fink at WEF Davos.
Key Takeaways
- Tesla's growth outpaces many large companies, showcasing strong leadership and innovation.
- AI and robotics remain central themes for future technological development.
- Investment in growth-oriented companies can yield significant long-term returns.
- Global forums like WEF facilitate critical conversations on peace and technological progress.
- Execution and engineering discipline are vital to turning ambitious ideas into reality.
Summary
- Elon Musk participates in a dialogue at the World Economic Forum in Davos with Larry Fink.
- Discussion covers AI, robotics, energy, space exploration, and engineering execution.
- Larry Fink highlights Tesla's impressive compounded return of 43% since going public.
- Comparison made between BlackRock's 21% compounded return and Tesla's 43%.
- Emphasis on the importance of investing in growth companies like Tesla for pension funds.
- Musk acknowledges the critical role of the Tesla team in the company's success.
- The session underscores the significance of conversations leading to understanding and peace.
- Musk traveled from California to participate in the forum and engage with global leaders.
- Focus on the challenges and opportunities in technology and innovation at scale.
- The dialogue aims to bridge ideas with practical execution across multiple advanced technologies.
Full Transcript — Download SRT & Markdown
Speaker Fink
That's better. Thank you.
Speaker Musk
Yeah. We're gonna make this interesting.
Speaker Fink
How many, how many quotes are you gonna want that are gonna be after this session?
Speaker Musk
Uh, I don't know. I mean, five.
Speaker Fink
Okay.
Speaker Musk
Okay.
Speaker Fink
So, uh, good afternoon, everyone. It's great to see everybody here.
Speaker Fink
Uh, it's been an amazing week here in Davos.
Speaker Fink
Um, hopefully everybody saw that we are having conversations here. Hopefully everybody agrees.
Speaker Fink
There are some conversations that we may disagree. There's many conversations we may have agreed.
Speaker Fink
But through those conversations, and I think today's result with a peace agreement earlier today, um, the World Economic Forum is here to have those conversations, to have understandings, and also resolution. So, um, uh, it's an important component of who we and what we are, and I'm thrilled,
Speaker Fink
uh, to have Elon Musk here. Um, he came all the way from California to be here to see all of you.
Speaker Fink
So, uh, thank you, Elon.
Speaker Musk
Ah, you're most welcome.
Speaker Fink
Um,
Speaker Musk
I mean, I heard about, uh, I heard about the formation of the, the, the peace summit.
Speaker Musk
And I was like, is that, uh, is that P-I-E-C-E? Uh,
Speaker Fink
(laughs)
Speaker Musk
You know, a little piece of Greenland, a little piece of Venezuela.
Speaker Fink
We got one.
Speaker Musk
Two.
Speaker Fink
Only one.
Speaker Musk
All we want is peace.
Speaker Fink
Okay, I'm gonna, uh, as I said, I'm a pretty proud, uh, CEO of BlackRock. Since we went public, um, uh, the compounding return of BlackRock to our shareholders was 21%. Uh, since Elon took Tesla public, his compounded return is 43%.
Speaker Fink
This is, I just another advertisement for everybody, especially for Europeans.
Speaker Fink
This is why more citizens should be investing with growth, investing with your countries. Imagine if a lot of pension funds
Speaker Fink
invested with Elon when Tesla went public, and how much return with the all the pension funds that invested side by side with Elon and the growth. So,
Speaker Fink
um, a spectacular return. There's very few companies, well, I don't think there's any other company as large as Tesla today that has that compounded return. So, congratulations.
Speaker Musk
Oh, thank you.
Speaker Fink
It's a good measurement.
Speaker Musk
Well, we have an incredible team at Tesla, and that's the reason.
Speaker Fink
So, I want to get into, uh, the dirt, the, the meaningful component about technology, the possibilities.
Speaker Fink
Um, I want to talk about AI and robotics, energy, space, and the progress ultimately coming down to engineering,
Speaker Fink
engineering discipline, scale, execution.
Speaker Fink
Um, and few, few people, if not anyone, has the experience and the fortitude to confront these issues head-on.
Speaker Fink
Not just the ideas, but the execution across so many different technologies, Elon.
Speaker Fink
And that's why I thought it was important for us to have this dialogue here, uh, in Davos.
Topics:Elon MuskLarry FinkTeslaAIRoboticsWorld Economic ForumDavosTechnology InnovationInvestmentSpace Exploration
