Elon, Inc.
Tesla Stems the Bleeding, SpaceX Set to Destroy
Jul 2, 2024
Bloomberg senior editor joins to discuss Tesla's sales performance, SpaceX's contract with NASA, and Elon Musk's potential interest in transforming X into Pinterest. Topics include Tesla's stock recovery, focus on autonomy, consumer perception of autonomous driving, and CEO's strategies for improving stock performance.
32:13
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Quick takeaways
- SpaceX secures $843 million NASA contract for Space Station Deorbit Vehicle, signaling shift to defense contracts.
- Tesla's narrative shift towards autonomy and tech innovation reshapes company beyond traditional car manufacturing.
Deep dives
SpaceX Wins NASA Contract for Deorbit Vehicle
SpaceX secures an $843 million contract from NASA to develop a Space Station Deorbit Vehicle. This vehicle will guide the International Space Station safely back to Earth, where it will disintegrate upon re-entry into the atmosphere and fall into the ocean. Despite SpaceX's commercial focus, this custom project signifies a shift towards traditional defense contracts, showcasing the intriguing intersection of commercial space travel and government-led initiatives.
