SUMMARY

• Elon Musk candidly discusses Twitter's rocky takeover and the $40 million loss from the Community Notes feature
• Tesla CEO reveals intense work schedule and thoughts on remote work for the "laptop class"
• Musk shares concerns about China controlling Taiwan and its potential impact on the global economy

Tesla's main man, Elon Musk, had a super candid chat with CNBC's David Faber after the Tesla 2023 annual shareholder meeting in Austin, Texas. They talked about all sorts of juicy stuff, so let's dive in.

First off, Elon shared his thoughts on Twitter's takeover and the road ahead. He spilled the tea on how Twitter's Community Notes feature cost the platform a whopping $40 million when two major clients cut back on spending after being accused of false advertising. Elon didn't hold back, comparing the situation to being "teleported into a plane that's in a nosedive headed to the ground with the engines on fire and the controls don't work..." Ouch!

Mr. Musk also dished on his workaholic ways, revealing he only takes two or three days off per year, works nonstop, and gets a mere six hours of sleep each night. He thinks it's wrong for those in the "laptop class" to push for remote work when service workers still need to be on site.

On the topic of Tesla's future, Elon admitted the next year would be tough due to rising interest rates impacting consumer budgets. However, he thinks Tesla's ability to access real-time demand data will help them adjust pricing effectively. He also shared concerns about China potentially controlling Taiwan, likening it to separating conjoined twins and the potential impact on the global economy.

Finally, our favorite eccentric billionaire opened up about his involvement in ChatGPT-developer OpenAI, his falling out with Google co-founder Larry Page, and his mixed feelings about voting for Joe Biden in the 2020 election. Quite the rollercoaster of a conversation!

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