DOWN ON THAT NEWS.
IT IS BACK DOWN TO $11 A SHARE.
>>> HOW ABOUT TESLA?
ELON MUSK WILL STAY ON AS CEO.
TESLA SAID THIS MORNING THEY
DELIVERED 83,000 CARS THIS
SUMMER WAY MORE THAN THEY
DELIVERED ALL LAST YEAR.
WELCOME TO THE PROGRAM BECAUSE I
KNOW THAT YOU ARE A HARDCORE
MUSK SUPPORTER, A HARDCORE FAN
OF TESLA, SO MY QUESTION IS MUSK
OUT OF WOODS AT THIS POINT?
>> HE HAS GONE FROM PRODUCTION
HELL TO DELIVERY HELL.
THE NEXT THING WILL BE SUPPORT
HELL.
THESE ARE THE PROBLEMS HE HAS
BEEN DREAMING ABOUT HAVING TOO
MANY CARS TO DELIVER AND HOW DO
WE SUPPORT ALL THESE CUSTOMERS.
SO THIS IS GREAT FOR HIM.
HE IS VERY HAPPY ABOUT THIS.
STUART: YOU'RE WITH HIM ALL THE
WAY?
YOU LIKE THE PRODUCT.
YOU LIKE THE GUY.
YOU THINK HE SHOULD STAY.
WILL YOU BUY MORE TESLA STOCK?
>> I DON'T BUY STOCKS.
YOU KNOW, TO MAKE SURE I'M
NEUTRAL.
BUT I OWN A TESLA.
I HAD A TESLA SINCE THE FIRST
MODEL S CAME OUT.
I HAD THREE OF THEM SO FAR.
I LOVE THE CAR.
I LOVE THE COMPANY.
IT IS CHANGING THE WORLD.
YOU HAVE TO REALIZE HIS VISION
WILL HAVE A VERY POSITIVE EFFECT
ON THE WORLD, NOW, ELECTRIC CARS
ARE COMING, THERE ARE SOME NEW
ELECTRIC CARS COMING WE'RE
ACCEPTING THIS IS THE FUTURE.
BATTERY INDUSTRY, SPACE
INDUSTRY.
I CONSIDER ELON TO BE GREATEST
INNOVATOR OF OUR TIME OVER
EINSTEIN AND EDISON COMBINED.
THAT IS WHAT A FAN I AM.
STUART: YOU'RE A HARDCORE FAN.
YOU WILL STICK WITH IT
REGARDLESS, OKAY.
IF YOU'RE SUCH A FAN OF TESLA
AND BOY WONDER MUSK, WHY ARE YOU
NOT A FAN OF FACEBOOK WITH BOY
WONDER MARK ZUCKERBERG?
>> I USED TO BE A FAN OF
ZUCKERBERG.
IN FACT I, YOU KNOW, I'VE BEEN
IN TOUCH WITH HIM AND SHERYL
SANDBERG AND SO ON.
THE TROUBLE IS, I THINK HE HAS
LOST HIS WAY.
HE IS DOING DAMAGE TO THE WORLD
NOW.
FACEBOOK HAS SOLD ITS SOUL.
IT HAS BEEN GATHERING DATA,
UNIMAGINABLE.
THEY ARE OBSESSED WITH GATHERING
INFORMATION AND SELLING IT.
THEY'RE NOT CONCERNED ENOUGH
ABOUT THE PROTECTION OF THE
CONSUMERS.
IT IS MONEY, MONEY, MONEY.
I USED TO BE A BIG FAN OF ZUCK.
I EXCHANGED MANY EMAILS THROUGH
HIM AND EXECUTIVES TRYING TO
GUIDE THEM THROUGH THIS THING.
THEY KEEP MAKING EXCUSES AND
KEEP LYING AND WE HAVE THIS
DISASTER THAT IS HAPPENING.
STUART: YOU USED A EXPRESSION
THAT THEY KEEP LYING.
THAT IS STRONG STUFF.
>> READ THE INTERVIEW FROM THE
FOUNDER OF INSTAGRAM.
ONE OF THE REASONS HE LEFT THE
COMPANY MADE HIM LIE TO EUROPEAN
REGULATORS.
THEY KEEP COMING UP WITH
APOLOGIES AND EXCUSES, DOING IT
AGAIN AND AGAIN.
THE COMPANY IS OBSESSED WITH
GATHERING DATA.
MARK ZUCKERBERG IS BECOMING BIG
BROTHER THE WAY HE IS GOING.
HE HAS TO WAKE UP AND REALIZE HE
IS OFF TRACK.
HE BETTER DO SOMETHING ABOUT IT.
OTHERWISE HIS LEGACY WILL BE
VERY NEGATIVE.
HE WANTED TO BE A PRESIDENTIAL
CONTENDER BEING DESPISED OVER
COURSE OF A YEAR-AND-A-HALF
BECAUSE OF HIS, LACK OF ETHICS
HIS COMPANY IS SHOWING.
FACEBOOK NEEDS TO WAKE UP.
STUART: SHOULD LEAVE, NOT LEAVE
THE COMPANY BUT LEAVE HIS ROLE
IN THE COMPANY?
>> HE HAS TOO MUCH CONTROL.
THIS IS A COMPANY WHERE NEEDS AN
INDEPENDENT CHAIRMAN,
INDEPENDENT BOARD MEMBERS.
THEY NEED TO GET PEOPLE LIKE
PETER THIEL OFF THE BOARD,
PEOPLE WHO ARE NOT CONTRIBUTING
IN A POSITIVE WAY.
THEY NEED TO GET PEOPLE FROM ALL
OVER THE WORLD ON THE BOARD
BECAUSE IT'S A GLOBAL COMPANY
AND HE NEED TO START LISTENING.
HE HAS SUPREME POWER RIGHT NOW,
IT HAS GONE TO HIS HEAD.
HE IS NOT REALLY LISTENING TO
ANYONE ELSE.
THAT IS THE PROBLEM.
STUART: WOULD YOU MAKE THE SAME
CRITICISM OF JEFF BEZOS WHO RUNS
AND CO-FOUNDED AMAZON?
SAME CRITIQUE?
>> I'M WORRIED ABOUT AMAZON
HAVING TOO MUCH POWER ALSO.
IT IS BECOMING A MONOPOLY.
BOTH FACEBOOK AND ALLISON DID
GREAT THINGS TO A POINT BUT
AFTER A WHILE THEY GAINED SO
MUCH POWER, MONOPOLY POWERS.
THEY ARE MODERN MONOPOLIES.
BEZOS NEEDS TO BE REINED IN.
THERE NEED TO BE CHECKS AND
BALANCES.
STUART: BEZOS WILL NOT BE REINED
IN AND WILL NOT LEAVE THE
COMPANY.
I SUSPECT ZUCKERBERG WILL NOT BE
REINED IN AND LEAVE THE COMPANY.
>> REGULATORY NEEDS TO STEP IN
AND WE USED TO HAVE STANDARD OIL
AND OIL BARONS BEFORE.
NOW WE HAVE THE TECH BARONS.
IT IS TIME TO APPLYING A MODERN
LENS TO OUR LAWS AND UNDERSTAND
THE TYPE OF MONOPOLIES BEING
CREATED AND TO BREAK THEM UP.
FACEBOOK FOR EXAMPLE, SHOULD BE
BROKEN UP INTO INSTAGRAM,
WHATSAPP, AND FACEBOOK.
THAT IS EASY TO DO.
AMAZON IS IN MULTIPLE
BUSINESSES.
IT SHOULD BE BROKEN UP ALONG
THOSE LINES.
THAT BUSINESS SHOULD BE ALLOWED
TO COMPETE WITH EACH OTHER.
THAT IS COMPETITION AND THE
AMERICAN WAY, COMPETITION AND
DEMOLISHING MONOPOLIES.
STUART: COME BACK SOON.
THIS IS EXTRAORDINARY STUFF.
YOU'RE OKAY WITH ELON MUSK
SMOKING WEED, PUTTING OUT WILD
TWEETS IN THE MIDDLE OF THE
NIGHT BUT YOU'RE NOT OKAY WITH
ZUCKERBERG AND WITH BEZOS.
WE HAVE TO DISCUSS THIS.
>> I LIVE IN SILICON VALLEY.
EVERYONE HERE SMOKES.
THAT IS HOW BAD IT IS.
I DON'T CONSUME MARIJUANA ITSELF
BUT IT IS COMMON OVER HERE.
IT IS PART OF THE CULTURE THIS
IS WHY ELON MUSK BOTHER ME.
AS FAR AS TWEETING GOES, THE
PRESIDENT IS TWEETER-IN-CHIEF.
