Elon, Inc.

Elon Musk’s sprawling business empire has granted the billionaire a degree of power and global influence that transcends the industries he’s reshaped. He is the leader of no fewer than six hugely influential companies, spanning electric vehicles to wartime communications, and their innovations could shape the fates of nations.  Musk is polarizing, confounding and inescapable. And he is the biggest business story of our time.  Each week, listen in as host David Papadopoulos convenes a panel of Bloomberg Businessweek journalists who are tracking Musk’s companies and the surprising ways they intersect. They break down the business mogul's latest moves and analyze what they could mean for us all.

  1. So What Did Musk Accomplish With ‘DOGE’?

    AUG 12

    So What Did Musk Accomplish With ‘DOGE’?

    Elon Musk left Washington and his “Department of Government Efficiency” initiative with a highly controversial and, many would say, disappointing track record. For followers of President Donald Trump and the idea of slashing what he’s claimed is out-of-control government spending, Musk’s self-reported $199 billion in savings (which cannot be independently confirmed) is a far cry from the $2 trillion the Tesla CEO promised. As far as Musk’s detractors are concerned, his cuts—often executed in haphazard fashion as his twenty-something minions unceremoniously fired long-serving federal employees—have not only disrupted how the government operates on a fundamental level, but also triggered dramatic downstream consequences, many irreversible, both domestically and across the globe.  In this episode of Elon, Inc., Max Chafkin sits down with Wired magazine senior writer Makena Kelly to discuss the legacy Musk leaves behind in Washington. How do you make sense of the hundreds of thousands or people estimated to have already died in Africa and elsewhere because of Musk’s gleeful dismantling of USAID? Or how the supposed savings of “DOGE” compare to the $3.1 trillion recently tacked on to America’s $37 trillion national debt by Trump’s “Big Beautiful Bill”? And what are the consequences for the country now that Musk has upended the lives and morale of those federal workers who remain, many of whom still work under the shadow of more firings?  For Kelly, Musk’s lasting legacy will be one of cultural shakeup: Many of the people he and Trump have placed in positions of power say they think the federal government should be run more like a tech startup than a traditional bureaucracy. And even though he’s physically absent, they still don’t want to fall out of favor with the world’s richest man. Finally, Kelly outlines what she says we can expect from “DOGE 2.0.”   See omnystudio.com/listener for privacy information.

    23 min
  2. AUG 5

    Elon Gets $30 Billion to Stick Around, Boring is Largely Stuck

    It was an expensive week for Tesla. On Friday, a jury in Miami found the electric car company 33% to blame for a deadly 2019 crash involving its full self-driving feature, ordering it to pay a total of $242.5 million in damages. A few days later, the company’s board said it would dole out a $30 billion stock payoff to co-founder Elon Musk in order to keep him focused on the company, which has been bouncing from crisis to crisis. In this episode of Elon, Inc., host David Papadopoulos is joined by Bloomberg Elon Musk reporter Dana Hull, Bloomberg Businessweek’s Max Chafkin as well as Missy Cummings, an academic and former senior adviser for safety at the US National Highway Traffic Safety Administration who was called as an expert witness during the trial. Together, they discuss the possible consequences for the company flowing from the verdict, with Cummings warning it’s yet another roadblock for fully self-driving cars. Papadopoulos, Hull and Chafkin also discuss that monster payout to Musk. Later, Papadopoulos, Chafkin and Bloomberg News reporter Kiel Porter discuss Porter’s latest story on The Boring Company, Musk’s largely stalled endeavor to build underground “hyperloops.” Although the tunnel-digging venture recently scored a contract to build a loop connecting Nashville’s airport with its downtown, Porter’s paints a picture of a struggling company that—in true Muskian fashion—promises more than it can deliver. And the challenges are mounting. All the company has to show for its labors is a small loop that takes people to and from the Las Vegas Convention Center. When asked by Papadopoulos about the company’s falling valuation—now hovering at around $6.4 billion, down from a high of $8.6 billion in July 2023—Porter is direct. “They were supposed to have 68 miles dug in Vegas. It was supposed to be this huge interconnected lattice, and instead you got less than four operational miles,” he says. “It doesn’t take a genius to look at that and go, ‘why am I investing in this?’” See omnystudio.com/listener for privacy information.

    33 min
  3. Elon Opens a Restaurant, Strikes a Chip Deal, Dreams of Robots

    JUL 29

    Elon Opens a Restaurant, Strikes a Chip Deal, Dreams of Robots

    The growing blowback from years of spreading conspiracy theories, embracing far-right political causes and attempting to dismantle the US government (with calamitous results for millions) might have finally taken its toll on Elon Musk and his companies. Or perhaps not. Last week’s Tesla earnings call ended on a somber note, with world’s richest man declaring his struggling and divisive electric car company could have  “a few rough quarters” ahead. With revenue down 12% and the political climate for electric vehicles darkening courtesy of his former boss in the White House, who can blame him? But nothing is ever absolute when it comes to the world’s most famous living native of South Africa. Mere days later, Tesla announced a new $16.5 billion chip deal with Samsung, and over the weekend a now-jolly Musk proclaimed in his usual hyperbolic manner that Tesla might rake in $30 trillion per year from sales of its humanoid robot (yes, with a T). Oh, and on July 21, Tesla opened its first diner in the heart of Hollywood. Alongside a $9 grilled cheese sandwich and a contentious, four-story movie screen, protests immediately followed.  On this week’s episode Max Chafkin discusses all the latest Tesla news with Bloomberg’s Elon Musk reporter, Dana Hull. The duo also welcome Bloomberg health reporter Ike Swetlitz to hear about the latest from Neuralink, Musk’s brain implant company. In the spirit of Musk’s dreams of robot trillions, that company proclaimed it expects $1 billion in annual revenue by 2031, with chips inserted into 20,000 brains annually. Currently, the number is nine. But maybe a bionic eye will prompt second looks. Also, Chafkin and Hull take a look at the latest news from Musk’s tunnel company Boring, which just scored a deal to drill a passage in red state Tennessee, from downtown Nashville to the city’s airport. If history is any guide, there might be a hiccup or two.   See omnystudio.com/listener for privacy information.

    32 min
  4. Musk’s Trump Feud Is Still Hurting His Empire

    JUL 22

    Musk’s Trump Feud Is Still Hurting His Empire

    On this week’s episode of Elon, Inc., host Max Chafkin and Bloomberg News reporter Ed Ludlow discuss their cover story for the latest issue of Bloomberg Businessweek. Their reporting details the ways in which Elon Musk’s companies—specifically Tesla, SpaceX and xAI—are struggling in the wake of his feud with President Donald Trump. Chafkin and Ludlow break down where each of these companies stands now, and analyze how investors are rationalizing their continued investments in the multibillionaire’s sprawling endeavors. Then Bloomberg News technology editor Sarah Frier takes over the hosting chair to interview Wall Street Journal reporter Dana Mattioli about Musk’s many offspring, including his custody agreements and pro-natalist leanings. The conversation is the second in a summer series in which our Elon, Inc. panelists interview Musk reporters from outside Bloomberg about stories we wished we wrote first. Mattioli explains Musk’s stated desire to populate Mars and further populate Earth, how he’s using his social media platform to recruit mothers and why observers think it’s likely he has more than the 14 kids that are publicly known. She also digs into how Musk’s fixer Jared Birchall has interacted with the mothers of Musk’s children, including Ashley St. Clair, whose public child support battle with Musk shed light on Birchall’s tactics. See omnystudio.com/listener for privacy information.

    35 min
  5. Forget DOGE. Musk Is Suddenly All In on AI

    JUL 15

    Forget DOGE. Musk Is Suddenly All In on AI

    On this week’s episode of Elon, Inc., host Max Chafkin and Bloomberg News reporters Dana Hull and Kurt Wagner chat about Elon Musk’s artificial intelligence company, xAI. The endeavor just debuted its new Grok 4 model on the heels of an antisemitism controversy, but Musk sees a brighter future for his creation, claiming it might discover “new physics” one day. Before that happens, though, the buzziest feature of the model is its AI companions—including a pigtailed and corseted anime character. Musk introduced Grok 4 as news dropped that one of his other companies, SpaceX, would invest in xAI, and that another company he happens to run, Tesla, might follow suit (pending a shareholder vote). Our guests discuss what exactly it means when a rocket company and a car company invest in another company that’s making AI girlfriends, especially when all those companies happen to be run by the richest man in the world. Then Wagner takes over the hosting chair to interview New York Times reporter Teddy Schleifer about the role Musk and his Silicon Valley billionaire pals have played in building the Trump administration, starting before the Republican took office. The conversation is the first in a summer series in which our Elon, Inc. panelists interview Musk reporters about the stories we’re jealous we didn’t write first. Schleifer recounts the weeks following Election Day last year, when Musk embedded himself at Trump’s home at Mar-a-Lago in an effort to influence the future president’s plans. As candidates for top cabinet positions began swinging by the Florida club, they found themselves seated across from Musk’s loyal aides. Wagner and Schleifer also discuss the constantly evolving relationship between Musk and Trump, and whether Musk will still be involved in politics when the year comes to a close. See omnystudio.com/listener for privacy information.

    35 min
  6. Can Elon’s ‘America Party’ Dream Come True?

    JUL 8

    Can Elon’s ‘America Party’ Dream Come True?

    On this week’s episode, David Papadopoulos invites Bloomberg political reporter Nancy Cook and Bloomberg Businessweek’s Max Chafkin to the studio to discuss Elon Musk’s latest idea—the creation of the “America Party.” Third parties have famously been losing propositions in American politics, and Cook questions if the distractible multibillionaire even has the patience to handle the paperwork required to register with the Federal Election Commission. And then there’s his constant string of controversies. Chafkin wonders if there’s a reliable base out there hungry to support the party of a man who called Social Security a Ponzi scheme, initiated a feud with President Donald Trump (still popular with much of Musk’s theoretical rank and file) and whose “DOGE” initiative on Trump’s behalf is accused by some of worsening the catastrophic consequences of the recent flooding in Texas. Nevertheless, history shows just how disruptive third parties can be when the margins are slim, as they are now. Cook sees a small slice of the electorate, “tech bros who are like, ‘oh, right, we should cut Social Security, we should shrink the federal government’,” who could possibly be converted by the right wing business mogul. Later in the show, Papadopoulos and Chafkin are joined by Bloomberg stocks reporter Esha Dey to discuss the latest gyrations of the world’s most prominent meme stock, Tesla. The trio discuss the challenges facing the electric car company and dissect a recent eyebrow-raising note from analyst Dan Ives. The prominent Tesla bull presents a simple answer to Tesla’s woes: give Elon more money. See omnystudio.com/listener for privacy information.

    32 min

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About

Elon Musk’s sprawling business empire has granted the billionaire a degree of power and global influence that transcends the industries he’s reshaped. He is the leader of no fewer than six hugely influential companies, spanning electric vehicles to wartime communications, and their innovations could shape the fates of nations.  Musk is polarizing, confounding and inescapable. And he is the biggest business story of our time.  Each week, listen in as host David Papadopoulos convenes a panel of Bloomberg Businessweek journalists who are tracking Musk’s companies and the surprising ways they intersect. They break down the business mogul's latest moves and analyze what they could mean for us all.

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