Elon Musk's Basic Economics


Comments • 4 983

  • sheepthehack
    sheepthehack  3 hours back

    $2000 dollar car??? I think he may have missed the fucking mark a little.. I tried buying a TESLA for 2000 dollars.. they told me they would call the police.. I think ELON needs to get down here and sort the mix up out.. ???? anyone????

    • David Chavez
      David Chavez  4 hours back

      Get rich with your phone

      • TubersAndPotatoes
        TubersAndPotatoes  5 hours back

        Well, let's hope that China doesn't steal Musk's technology and claims it has always been their property since ancient times.

        • Richard Chen
          Richard Chen  6 hours back

          8:20 wait a min... I don't think China would be happy about that

          • R J
            R J  8 hours back

            Tesla stock going to $1000 easily in less than 9 months

            • terence w
              terence w  11 hours back

              More of Elon's goals will get materialized faster if Andrew Yang become's the President

              • Chris Daly
                Chris Daly  14 hours back

                Yay, Econ 110! Price Elasticity! Inelastic vs. Elastic, (like rubber, flexible), inelastic markets are not shown to change their demand regardless of price variances; in this case, arguably, utilization of Musks service should increase, as others decrease, ignoring company loyalty, faith in the "newbie/kickstart company," (gotta give 'em a shot to prove themselves, eh Launch Commander?); exceeept one problem, chances are at this time, most satellites companies or businesses need, are likely already in orbit, "late to the game," but still viable, satellites de-orbit eventually, even with corrections they will run out of fuel to escape earths gravity, and they have to crash land them in the ocean or the desert somewhere, lest they hit a city and manage to set it ablaze somehow, or destroy homes (scary, huh? fire will rain from the sky >_<); whereas elastic markets change demand with price, especially for consumable goods (goods that are used quickly, food, cosmetics, clothing; things with a limited lifespan or supply); markets like bluetooth speakers, for example, actually abuse this principle, with "brand loyalty" and "quality assumptions," charging higher markup for say, the "Beats Pill" as opposed to other brands; the desire is greater for a product with good quality and long battery life and features, so they charge a higher price, forcing consumers to pony-up the pocket change for a worthwhile product, "the best," as opposed to some comparable alternatives, check out the selection at WalMart, which are smaller, have shorter battery life, quieter (one speaker versus two); and the spec sheets are never useful; 8 hours versus 12 hours battery life, $100 price difference? Extra speaker even? I bet that thing costs you $5 total; at what volume? Max volume, medium volume? What's the decibel range? How loud can it go? It's so confusing, it isn't informative.

                • Chris Daly
                  Chris Daly  15 hours back

                  OH GOD I HATE THIS VIDEO "DING" - "Production is slowed down massively," production speed is not a real constraint/factor here, we'll run out of customers, eventually, and the trend hasn't really caught yet, they can wait, it'll be fine. Biggest pitfall of a company, overproduction. I work at a company that sells and produces tarp, it's hit the point where it's storing for inventory based on supposed/projected sales, eventually, their warehouse is going to fill, if demand doesn't meet production, which halts production....which means wasted labor time for employees, or wasted hours of facility ownership (land taxes, probably cheap though, low impact), employees that get laid off, etc.; eventually, despite all the pool liner and curtains we make, they'll fill up in stores...there is a maximum amount of product necessary to be produced; and once you do, you're sitting on nothing, basically, as far as "money" is concerned, and your employees become a burden, a useless cost, but you need them, to train new employees and operate machinery in the meantime...right? It's gonna get complicated.

                  • Chris Daly
                    Chris Daly  15 hours back

                    I work for a company now that "RENTS" a fleet of delivery trucks, RENTS! By now, whatever it paid in rentals and repairs, for the 10 trucks it owns, could have been purchased by themselves. Eventually, you begin to overpay, you always do, it's how the business model was constructed. It goes from "loss" to "profit profit profit profit profit."

                    Why not just buy their own trucks, and send them to a prof. to be repaired, or hire a 3rd party mechanic? Since they don't own so many that they'd actually need a full-time mechanic for them? Eh? DUMB.

                    • Chris Daly
                      Chris Daly  15 hours back

                      God Bless Musk and Canadian Economics! Muskonomics? (Oh, sure, when I do it, it's lame, because I don't owe a life debt to a million 12 year old wannabees, sheesh), no one chants my stupid neologisms...Anyway, brilliant! A company that doesn't need "Horiztonal or vertical integration," because it actually builds it's own products! XD

                      I worked at a warehouse that receives, inspects and stores parts for a factory I worked at...I mean, why doesn't the factory build, receive, and store the parts itself? Increased costs of the finished product; we just assemble it...STUPID.

                      • MaFd0n
                        MaFd0n  18 hours back

                        Summary: build a communistic company which is almost entirely self-dependant, make sure you don't enter the free market until you can own it all. The irony of American logic.

                        • Joeltravels
                          Joeltravels  1 days back

                          Would love a follow up on this video !

                          • Sean
                            Sean  2 days back

                            Automated not automatized

                            • Kirmie44
                              Kirmie44  2 days back


                              • thepetyo
                                thepetyo  2 days back

                                I still don't understand why should anyone go to Mars.

                                • Sir Lucifer
                                  Sir Lucifer  1 hours back

                                  Colonization for the empire of course

                              • tanay manerikar
                                tanay manerikar  2 days back

                                What about the initial r&d prices which are gigantic . Why aren't they factored in?

                                • jaysper
                                  jaysper  2 days back

                                  Musk is so completely full of it.

                                  • Brian Emerson
                                    Brian Emerson  2 days back

                                    Well, this just sounds like we could cut out another middle man. Just have NASA build their own factories and plants and such, and build the rockets themselves. Research would go even faster, since new research ideas would be directly applied to new mission ideas, workers in the factories would be government employees and therefore not have to worry about Musk's union-busting, and all new tech would be immediately available for public use, rather than locked behind patents.

                                    • H Xen
                                      H Xen  2 days back

                                      Between Elon's IQ and that of AOC and their respective understanding of economics, if they had a child together, then their kid would be of average intelligence with an average understanding of economics. He really needs to inform that woefully uninformed woman.

                                      • B J
                                        B J  3 days back

                                        Elon Musk is the modern day Howard Hughes.

                                        • Didar Korkembay
                                          Didar Korkembay  3 days back

                                          Equality sign at 4:17 is backward
                                          , fix it

                                          • Gene Girard
                                            Gene Girard  3 days back

                                            This is the first production by you guys that has been more opinion than fact. Moreover, everything you cover has been covered before. For a huge number of reasons, "Occupy Earth!" Is the only reasonable outcome. Nevertheless, I remain a devoted Elon Musk fan.

                                            • Marten Dekker
                                              Marten Dekker  3 days back

                                              2:40 * prices are not "cheaper" or "expensive." You don't buy prices.
                                              Parts / things / services are cheaper or expensive.
                                              Prices are low, or higher.

                                              • Zane Hu
                                                Zane Hu  3 days back

                                                Chinese can build a Tesla 30-40% cheaper, the claim by the author was wrong.

                                                • drsupremo88
                                                  drsupremo88  3 days back

                                                  Fukn yahoodies lol

                                                  • drsupremo88
                                                    drsupremo88  3 days back

                                                    When the second voice came in hahhahahahaha

                                                    • Andrea
                                                      Andrea  3 days back

                                                      Why space agencies didn't do the same? I doubt they just neglected this very simple fact. Also it would be better in terms of national security to reduce the supply chain... Anyway chapeau to Space X

                                                      • Angel
                                                        Angel  4 days back

                                                        elon musk is cool

                                                        • Ben Gursky
                                                          Ben Gursky  4 days back

                                                          Ain't nobody on Elon's Level, fuqqin nobody even close

                                                          • Sander Luís
                                                            Sander Luís  4 days back

                                                            Buy domains? dam

                                                            • o0mpALoompA Man
                                                              o0mpALoompA Man  4 days back

                                                              Isn't undercutting other companies like that possibly bad.

                                                              • computerjantje
                                                                computerjantje  5 days back

                                                                thumbs down for in-video advertisement

                                                                • Covesting Coin - Best Copytrading Exchange Token

                                                                  A God amongst men: Elon Musk

                                                                  • Tora Hibiki
                                                                    Tora Hibiki  6 days back

                                                                    Elon Musk
                                                                    2017: we going to mars by 2020 yall!

                                                                    2019, Also elon musk: ok guys, who wants engineered cat girls?

                                                                    • Xplinter91
                                                                      Xplinter91  2 days back

                                                                      he said 2025 if i remember correctly

                                                                  • Captain America
                                                                    Captain America  6 days back

                                                                    This video is a 10 minute 22 second commercial for bullshit in a brown paper bag.

                                                                    • TheXuism
                                                                      TheXuism  6 days back

                                                                      tesla build the biggest factory in China now , what do you think of that ?

                                                                      • Lone Wolf
                                                                        Lone Wolf  6 days back

                                                                        Musk has massive balls to be doing what he does... a lot of people with way more money and political influence arent doing what he does i think primarily because they lack his interest and implication

                                                                        • Smgntion M
                                                                          Smgntion M  7 days back

                                                                          is there an update to this?

                                                                          I think the SpaceX observations are a tad bit off ... corporations buy launches too - satellites don't last forever ... they care about lower prices

                                                                          • howTo E-KkattYT
                                                                            howTo E-KkattYT  7 days back

                                                                            electric cars are also bad for the environment because of mining the metals for wiring and batteries and they still get shipped with not so carbon efficient ships

                                                                            • Ken Royall
                                                                              Ken Royall  7 days back

                                                                              Musk builds in the US in order to convince politicians and the public that his ventures are worth subsidizing. It’s PR. Once those subsidies dry up he will move production elsewhere. It’s already happening.

                                                                              Bill Gates already tried a satellite internet company called Teledesic. It failed.

                                                                              • Johnathan Turner
                                                                                Johnathan Turner  1 weeks back

                                                                                John Cena’s basic Thuganomics

                                                                                • Bill Gates.got.ripped
                                                                                  Bill Gates.got.ripped  1 weeks back

                                                                                  get an education wendover ... start with micro / macro economics. Then make a video on Economics.

                                                                                  • Henry Carmichael
                                                                                    Henry Carmichael  1 weeks back

                                                                                    It's really cool to see this advanced American manufacturing.

                                                                                    • Rod Schmidt
                                                                                      Rod Schmidt  1 weeks back

                                                                                      He wanted to put HALF his money into the Mars greenhouse project. (not "all")

                                                                                      • F. Teixeira
                                                                                        F. Teixeira  1 weeks back

                                                                                        Musk should be the only billionaire allowed. Other billionaires can fuck off and give all their fortunes if they are not going to to great things with it.

                                                                                        • JollyJuice
                                                                                          JollyJuice  1 weeks back

                                                                                          Visionary entrepreneurship

                                                                                          It's... Beautiful.

                                                                                          • lovguru23
                                                                                            lovguru23  1 weeks back

                                                                                            "space x is getting into the internet bussniess"
                                                                                            bro, just build crypto currency miners.

                                                                                            • EnthrallingBass140
                                                                                              EnthrallingBass140  1 weeks back