>> from the heart of where innovation, money, and power collide in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: i am emily chang in san francisco, and this is bloomberg technology. coming up in the next hour, the first major u.s. carmakers report third-quarter results, and tesla don't disappoint. how the company's handling supply issues rising costs, and , production delays while the

ceo explores buying twitter. plus netflix still falling, down 35%, making it the s&p's worst performer of the year so far. is the solution adds? gaming? better content? or maybe a big buyer? like apple? we will explore. and as markets fall, the ceo of amazon web services tells me he is open to deals of all sizes. he joins me in studio on the heels of the aws summit in san francisco. we will explore the future of the crowd. and what about amazon as a buyer of twitter? that interview and more coming up in the moment. but all eyes on tesla. first, results just out. ed ludlow has been digging in. what are you seeing? ed: tesla basically putting out the bag in a really challenging supply chain environment. shares up 5% in after-hours. earnings, a revenue of over $18 billion in the quarter,

significantly beyond what analysts were expecting. . that did include some time where the shanghai plant was shut down. tesla reiterated its guidance that it was a target annual growth of 50%. but supply chain issues do persist through 2022. not just chips, raw materials as well. but pretty sanguine, positive reaction from the market. it was an interesting day in the markets. we saw stocks broadly higher as stocks rallied and yields -- bombs rallied and yields were treated. . the fed may not go as aggressive as without. the s&p 500 basically flat. technology the big underperformer. the nasdaq 100 was down, why? because of netflix a real drag on the broader equities market, particularly in the technology side. let's look at the image that tells the story. this is it. look at the right side of your screen. the street was expected netflix to add to million

subscribers in the first quarter. 200 thousand customers lost in the first quarter, and a forecast of 2 million customers lost in the second quarter. a big upset and a u-turn of policy -- we could see ads on the platform. tesla is giving us a real hope, though. emily: indeed. lots to get to. i want to dig deeper into tesla's results. i am joined by steve wesley, founder of the wesley group, a early investor in tesla and former tesla board member. there is a lot going on here. let's talk about the headline numbers first. how is tesla managing these challenges out there? from the trip crisis to inflation to production shut out in shanghai? steve: first, tesla blew over the numbers once again, posting

300,000 vehicles delivered. that is a big number. they were predicted to deliver 17.6 billion and it looked like they will beat that by a good margin. this is 71% year-over-year annual growth, a big number. then posting their 11th profit over quarter on top of that. the real story is, they just opened two new facilities in austin and berlin, sitting on four massive production facilities they just have capacity that others don't. elon musk predicts tesla will deliver 1.4 million cars this year. i think he is going to produce at least 1.6 million. if they do that, they could be on their way to becoming a $1 point trillion dollar company. we will see. emily: there have been concerns that elon musk's interest in twitter could distract him from tesla. we have seen tesla shares take a leg down since this drama has unfolded. of course, we will have to see

where the market close tomorrow. what is your take on that? can he do all this at once? steel outlook. if you are just a shareholder, you want to stay focused on tesla. only elon and twitter's board know what will happen there. he offered his best and final offer last week. they responded with a poison pill. elon is not one to take no for an answer. but heading tesla, spacex, and twitter -- it feels like a stretch to me. but have lost a lot of money betting against tesla. one thing i know for sure, this is going to be exciting. emily: indeed, if you can build rockets to mars, why not try to buy twitter? it certainly seems much more reasonable. [laughter] indeed. all right, let's talk about the challenges that lie ahead for tesla given that shaped crisis ongoing, given rising inflation, given the pandemic that is not over. there are reports that workers at the tesla plant in shanghai

are planning to sleep there to avoid further lockdowns. how well do you think the company will continue to navigate all these things through the rest of the year? steve: there is a lot going on in the auto industry. generally speaking, if you are an investor in the auto companies, you need to be careful. because you are seeing huge supply chain challenges. most of these other companies do not even have their factories up and running, and we could be heading into a recession. and precisely at the same time all of that is going on, there are 20 new pv companies coming on the market -- rivian, you have heard other names. the reality is, it is hard to make evs. you are seeing rivian and lucid already backtracking on numbers, pulling numbers down. ford and general motors dramatically lowering numbers. ford, fewer than 7000 new evs

delivered this quarter. general motors, less than 1000. the take away here is that tesla is lapping the competition when most of the other automakers are just getting in. let's see how it shakes out. emily: there is also what you mentioned, recession. inflation on the rise. are people going to want to buy new cars right now? maybe that tesla is the best at making evs, but it doesn't matter if people aren't buying them. steve: that's the big issue. on the one hand, if you go down to the tesla dealership now, they will tell you 8, 10, 12 -one through eight. there is huge demand there. question is, will that cool off in q2 or q3. it looks like there is a lot of pent-up demand. tessa will take advantage of it. they have four plants going right now. and, by the way, they are in the process of doubling capacity at their plant in shanghai. just so the viewers can picture

-- you all have vento costco, the tesla facility in china is 10 million square feet. that is the size of 100 coscos costcos place next to each other. these are huge facilities. tesla also put supply chain contracts with firms we have probably never heard of, like vale, the world's largest nickel producer, so they know where the supply is coming from, and they have a leg up on the supply chain. now, how big is the recession that is coming? that is hard to predict. emily: meantime, in the long list of things that elon musk has to deal with, there is this lawsuit over that tweet he sent in 2018 -- "funding secured." he is being sued by shareholders over this. he had asked the judge if he could continue tweeting about it, making comments about it, as the suit is ongoing. a judge has now ruled that yes, he can. he will not be muzzled. what do you make of this

situation, the fact that this is going on now, almost five years. steve: look. you have got a guy who is hitting it out of the park with spacex, out of the park with tesla. would i advise him to get into a pissing match with the sec or the government? probably not. but elon is nothing if not genuine. as i said before, people have lost a lot of money betting against him. we will see how this shakes out. it is really only up to the sec to decide. personally, i would love to see him stay focused on building great vehicles, because right now he is doing a heck of a good job with that. emily: all right, steve westly, founder of of the westly group, early investor in tesla, early tesla board member. always good to have your perspective on the show. coming up, my exclusive interview with the ceo of aws. we talk about everything from amazon's acquisition strategy as

valuations drop. and we asked the perennial question, will aws ever be spun off from its parent? would amazon be interested in buying twitter? that conversation is next.

♪ emily: seven is meant from the amazon web services summit in san francisco. amazon has taken a new step

towards getting all its power from green sources by 2025. the world's largest online retailer has reached deals to boost its access to renewable energy by almost one-third. most of it will come from solar farms in the united states. it will be used to supply amazon offices, warehouses, and data centers. meantime, adam selipsky, ceo of aws, joins me here on the site in san francisco. we will be going to that conversation momentarily, but first i want to get back to ed ludlow, who has been following tesla's results. we are minutes away from the tesla earnings call. normally how this goes, i believe elon jumps on, prepared some remarks, and then goes off-the-cuff, right? ed: he kind of, respectfully, mumbles through repaired remarks -- prepared remarks, then passing it onto to the cfo, the svp of powertrain and energy, but he always projects.

you do know, today is 420. emily: i know. nothing happened yet. we were expecting a big moment! [laughter] ed: a lot of twitter users said, i wonder if elon musk is going to be on the call. he replied, "yes." [laughter] so there is a lot going on in his world right now. a bid for twitter. tesla having a great first quarter. spacex doing really well. there is intense interest here. but what is it we want to know probably, if he is not going to talk about twitter, the outlook for semi-truck. that is what he does. he keeps investors looking to the horizon. emily: could we hear something more dramatic on the earnings call? could that be the moment he chooses to do some sort of reveal or make a move? ed: if i was a betting man, yes, why not. [laughter] emily: we will be listening into that call as it starts. meantime, a back-to-back conversation with adam zaleski,

-- adam selipsky, ceo of aws, with a slew of new announcements including 37 new renewable energy project. a $30 million commitment to startups led by diverse founders. my conversation with adam selipsky earlier talked about the future of aws and the cloud, and the two major amazon web services averages late last year. i asked what he learned from that. take a listen. adam: availability is absolutely critical. our first priority is always security, and immediately after that, operational performance, including availability. if you look at the 16-year operating history of aws and the last year, the last three years, we have been highly reliable. we have been highly available. we have had better availability track records than other large cloud providers, certainly better than any enterprise i have talked to the has been able to achieve in their own data center. emily: any evidence you have lost customers as a result of those outages? adam: we have had a lot of

conversations. we had a couple of days in december that were not good operational days. we own that. . we don't run away from that. and we learned from them and we have been really trying to take whatever lessons we could to make ourselves even more reliable. but as we have talked to customers, they have all understood that while we don't like what happened on a day like that at all, because if our customers hurt, we feel the hurt, too, that we really have a strong track record of that keeps the partnership strong. emily: people have been asking for years whether aws should be spun off from amazon. do you spend any time digging about this, or thinking about the hypothetical benefits? adam: really only with folks like you. [laughter] we have no plans to spinoff aws. so many, an increasing number of

the conversations i have with particularly big enterprises, they want to make use of the capabilities amazon has across the company, whether it is energy companies wanting to sell us power, whether it is auto manufacturers who have electric vehicles that we need for delivery fleets, whether it is telecommunications who want to deliver five-enable services to their consumers around things like entertainment and amazon prime audio. emily: all right. andy jaffe might've said he never thought about a stock split, and recent events show that even in this environment , sometimes we have to revisit those sacred cows. as the idea of a split ever come up in a conversation with andy or jeff? adam: it is really not a topic of conversation. we are squarely focused on the way we are operating today. we don't have any plans of which i am aware to entertain a split up of aws.

i think the way we are organized now it's actually very good for customers. emily: that said the market is changing. valuations are dropping, if you look at the macro environment. how is this impacting your strategy around acquisitions -- we have seen microsoft be really opportunistic? adam: we have very consistently done acquisitions over the whole history of aws. i would say that overall, our strategy has been to do smaller tuck-in acquisitions. part of that is because we are trying to build a complete infrastructure platform. we want the whole thing to operate as a single platform. emily: casual spectators often point out that amazon doesn't really have a social play. does amazon need a social play? could a twitter make sense? adam: that, i don't know. i think part of amazon's businesses and our strategy into different businesses, revolve around partners in our ecosystem. certainly true in aws, certainly true in other businesses as

well. we are very close to many companies with a very strong social presence, be it aws customers, or in our retail business for customer acquisition, customer messaging, doing more in the retail business with the shopping experience, using social channels. so we are very intertwined with social media companies, and i would imagine across all of our business, we will continue to be closely intertwined. emily: one of those is meta. it recently picked amazon as its long-term cloud provider. i am curious if meta is giving you a piece of its business, or is this a step towards them getting out of their own data center business? adam: i think you have to ask them that, but we have been working with them for quite a while. they did announce recently that they were doing a significant amount of their machine learning workloads on aws, and would be doing more of that going forward. we would really love that as the next development in our long-term partnership with them. i do think there's a lot of things that we can do with

companies like that together. the economics, the agility, the flexibility of operating in the cloud are so strong and powerful, even for a large, sophisticated, cost-effective company, there is still a lot of benefits to operating in the cloud. how much companies like that moved to the cloud, to aws, will be a function of how well do we anticipate their needs, and how well can we build in a way that is really effective for them and for their own customer acquisition and retention. emily: there is a lot of exciting new technologies. and he recently said amazon could potentially sell nfts in the future. how do you think about nfts? blockchain? the metaverse? where is the opportunity therefore aws? where do you want to play? adam: boy, there is a lot of buzz words in that sentence. emily: there are we are wondering what the actual market opportunity is. adam: fundamentally we want to enable all technologies aws

customers need to build those things, to build the metaverse, to build 3d computing, to build blockchain" the currency applications. we are currently doing that. gaming companies is where typically most people start when talking about metaverse companies. if you look at companies like riot games, if you look at epic, they are very deep aws customers. if you look at meta, which had a name change, we are doing more with them over time, which is very gratifying. we also do a lot, we have blockchain services -- if you look at things like ethereum, 25% of ethereum workloads around the world run on aws. we are doing more around blockchain, around ledger technology, around 3d and spatial computing which is going to be an important part of the metaverse. aws strategy is to really try and be as far out ahead of where those emerging metaverse company

demands of blockchain and cryptocurrency and customer demands are going to be, and to deliver really great, innovative services. emily: amazon web services ceo adam selipsky there. you can catch that will interview at bloomberg.com. coming up, more on musk. the tesla ceo is trying to shore up forms for his 43: another bid to buy twitter with the help of outside partners. more on that next. this is bloomberg. ♪ s bloomberg. ♪

emily: let's get an update on the musk twitter saga, elon musk now reaching out to potential financing partners across wall street. the question is, is he having any luck? i'm good to bring in michelle davis for more on that. who is actually considering this?

michelle: as we know, one of the most interesting parts about his bid for twitter is that he made it public without having the financing lined up. we know he has started to have potential financing partners. at this point, he is only focused on raising debt. it is our understanding that he has yet to initiate conversation around raising equity. his bank, morgan stanley, is reaching out to other big banks, we understand apollo has agreed to participate and help finance through debt, this offer. and we also know there are a couple of firms like blackstone, brookfield, and vista have said at this point, we want to stay away from the situation, we will not provide any financing. emily: do you know of any context on how these conversations are actually going? is he putting pressure on potential investors, like, if you work with me, you get the benefits of working with me, and

a huge portfolio? michelle: that is one of the big questions we are trying to find out, is how exactly would a deal be structured? maybe investors could come in and they might have some certainty baked in that they would have veto power over what musk said. but at this point, it is very little. we just know that they are reaching out to other banks, other financing sources. morgan stanley is advising elon musk. it is our understanding that they would help provide some of the financing for him. but unclear exactly how it will be structured. emily: how long could it take before it becomes clear whether he has money or not? michelle: he has indicated he wants to make an official tender offer at some point soon. he made a cryptic tweet last night that "-- is the day." he needs to have financing lined up. so soon, one would think. [laughter] emily: it is 4/20. i was waiting for something to

happen today, but we still have a few more hours. michelle davis, think is so much. coming up netflix's nightmare. , after losing subscribers for the first time in more than a decade, is cracking down on password-sharing enough to stem the bleeding? we'll talk about all its options, coming up. this is bloomberg. ♪

>> i know it is disappointing for investors. it is for sure. it is just a softer seasonal quarter for us. >> we have this market that is expanding over time. >> internally, we are really geared up and this is like our moment to shine. emily: welcome back to "bloomberg technology." clips from the netflix earnings call there. i want to get back to the massive plunge in netflix shares. ed ludlow back with the numbers. a brutal day. ed: a brutal day. that is what you call putting on

a brave face, right, in terms of what the management had to say. 35% drop. that is the biggest drop for the stock since 2004, shedding $4 $54 billion of market cap, or to put it better way, an entire snap's worth of market loss. we saw analyst after analyst cutting price targets on this stock, some even doing double notch downgrades on their calls. the commonality of these analysts, if you look at some of the severity throughout the day, is the outlook for the stock in the company is muddy. it's not clear where we go. some of the suggestions about a lower price subscription with ads didn't sound concrete. the content pipeline, they said they have pared back spending to protect margins. then you look at the drop in the context of the fan base. we have this terminal chart in the bloomberg, this is the biggest drop for a faang mag. since facebook went public in

2012 you see the drop on the left-hand side of the left-hand side or new screen. we have been talking since the pandemic about netflix in the context of the megacap tech starts. now the conversation seems different. to rub salt into the injury, netflix is the worst performing stock year to date on the s&p 500, and the nasdaq 100. 62% last year to date. it's a hell of a story, isn't it? emily: ouch indeed. a lot of red. ed, thank you. i want to stick with netflix. i want to bring in ross gerber, whose investment firm gerber kawasaki is also an investor in netflix. ross, this has got to hurt. ross: it hurts for sure in the short term. i bought a little bit myself today, to be honest. emily: why? where do you think the selloff is overdone? why do you see potential?

ross: well, what has changed is in my mind, two things. number one, i don't see competition as being the biggest issue from other streamers. the competition is real life. real life is back. people are going out. people are going to vegas and disneyland. the problem is they are watching less netflix. and when you look at how many people are getting netflix for free and what that addressable market is, which is actually one of their total subscribers, netflix still has a lot of room they could grow. i think another thing a lot of people aren't talking about, is this could be a byproduct of the work from home culture. netflix has really struggled with the work from home culture, because making movies and content is a collaborative process and has been very difficult. netflix has called all their employees back into the office starting this month. reed hastings and the team there are the smartest people in hollywood, and they will figure out new ways to monetize their brand, and i think we just have

to change the metrics that we are valuing netflix with two words earnings growth. when you look at that, netflix is a very cheap stock. emily: so let's talk about the ways they could unlock new growth. one, cracking down on password sharing. how much is that going to unlock? then there is the idea of an ad- supported model, a tiered model, gaming, or just making better content, which, of all those options, seems to be the hardest ? adam: right now they have the most-watched shows on television. currently i think it is "inventing anna,"," which my wife is watching nonstop. they have the best producers in hollywood and the best content in hollywood. the content is not the issue, is monetizing the content. i am a big believer that netflix needs to reinvent the theater experience parameter shows and

movies. there's many ways they can monetize between merchandise events and communities that they could build around their content, which currently they are not. you mentioned two important areas -- which is ad-supported netflix lite, in which they take zero dollars in ad revenue. if you look at youtube and how much money they are printing on advertising and the engagement, netflix has the same engagement level as youtube. and they ran ads, they would be very successful -- if they ran ads, they would be very successful. i would advertise on netflix, for sure. of course, half the people in my office don't actually pay for netflix. so i asked them, what would get you to pay? its the same thing with itunes and music where people didn't want to pay until it became a hassle to do it. netflix can employ several strategies to start monetizing users. we suspect they could capture around 20 million to 30 million users, may be at a lower rate of

revenue, but certainly there is a lot of growth when you have 100 million more subs. emily: you are also a teslas shareholder. the tesla earnings call has begun. we have been listening to the cfo. deliver some prepared remarks. we want to bring the headlines as those roll in. curious what you think of the results. tesla had a better report than certainly netflix yesterday, but a lot going on in the world of elon musk. does it bother you as an investor that there are all of these many distractions? ross: [laughs] clearly, they are not affecting tesla's focus. lives on another planet that we call mars. he doesn't sleep. he has a tremendous passion for making the world a better place than doing preferably. how he has executed with such a difficult supply chain environment and manufacturing environment, further shows the

dominance and the mode tesla has built around their business, and the foresight he has in being able to deliver so many vehicles profitably in this environment when no other company is doing that in our industry, whether traditional cars or evs. the lack of focus has caused netflix to drift a little bit, creating opportunity for long-term investors. tesla is a fully valued company that is executing really, really well, and i think will continue to for a long time. so this is really a special time for tesla. next year looks even better than this year, and they are executing beautifully. emily: the cfo has been digging into this idea of the impact of the production shutdown in shanghai, saying they lost about a month of build volume. they are working to get to full production as quickly as possible, but how big of a concern is this ongoing, given that the shanghai factory is such a linchpin of tesla's production strategy?

ross: i don't want to minimize the concern, i think this is the biggest risk to many companies, not just tesla right now, which is china's failed corporate policies are creating huge problems not just at tesla, but in other industries as well. we are seeing continued disruption even worse than being earlier, which sucks. i don't have a spin on that. what i do think -- they just opened two new factories in two new markets that aren't in china, and there couldn't be a better time for that to happen. what i do suspect is that china will be challenging for tesla over the next six months. i think it's a short-term issue, and i think it will hurt production on the short-term, but i think they are going to make it up in the other factories, because what we are going to see is tremendous activity and growth in berlin and austin. so i think within 60 days, they

will have figured out how to make up all the production that made the last. but i think for sure we are going to see that in the quarter, and i don't think there's any spinoff. emily: elon musk just gave a shout out to the shanghai team and the shanghai factory. saying it has been a record quarter. they are working on a dedicated robo taxi with no steering wheel or petals. elon musk has talked quite boldly about things that will come in tesla's future, and many things have taken a while to come to fruition. some have not quite yet. but do you like the sound of that? ross: i do, and this is more of a byproduct of the convergence of the full self driving technology which is making a lot of progress currently, along with the idea of having a cheaper vehicle that would cost less money, say a $25,000 to 35,000 of the price point, instead of a $60,000 price point. but we have seen tremendous

demand from the rental car companies for low-end tesla's, whether it be hertz or others. i think tesla is like why should we make rental cars or robotaxis for everybody else? we should make them for ourselves. especially this new vehicle which is using the new battery cell technology. i suspect tesla feels it can build low cost vehicles using all their technology and battery technology as well as fuel-cell -- full self-driving, to create this master yellow cab without a human in it, and i think that is a reality. it is just how long it will take. i think that has been the challenge with the tesla. it isn't the vision, it is how long it takes to achieve the vision. i don't know how long that will take, but i wouldn't be betting against elon. i am betting on him and i am betting more with him. emily: he is saying he hopes to reach volume production in 2024, and says this will be a massive driver of tesla growth. timing interesting.

i recently sat down with aisha evans, the ceo of zo the self-driving robotaxi company that amazon bought over $1 billion. we will see a clip of that later in the show. ross gerber of gerber kawasaki, always good to have you and your, opinions here on the show. thank you for stopping by. coming up, of blockchain gaming. we will talk about how the gaming industry and crypto can bring in together as we head into the metaverse, and why investors are already hyped. ♪

emily: we will get to our crypto report in just a moment. but, elon musk is speaking on the first quarter, saying it was a record quarter on my levels, congratulating the tesla team despite facing many headwinds. also giving a special shout out to the china team at the factory in shanghai. he also says they're working on a new vehicle, a dedicated robo taxi that won't have a steering wheel or petals, but could be a massive driver of tesla's growth in the future. we will continue to monitor the headlines from that call and bring you more as they roll into our crypto report. i want to bring in a venture-capital firm that has just raised money for a fund focused on crypto startups from gaming to web3 and defi. founder michael anderson joins me now. talk about the advantages of being a web3 native

venture-capital firm and competing in an industry where most venture capitalists go about their businesses in more traditional ways that they have been doing for decades. michael: one of the things that separates us from traditional venture investors, especially in the web3 space, is that we actually have more engineers of on the team than we have investors. when we make an investment, we are participating by building alongside the investments that we make, and partnering at a really deep level to the funding teams that we are backing. because of this, we have been able to really help dictate the investments we make, and how to understand where things are going with new opportunities before they arise, and before anybody else can notice them. emily: so what are those opportunities? you have announced a $400 million fund. you have a lot of money including traditional money , chasing these startups. what do you believe is

unique that they are not going to see? michael: when we started framework in 2019, we were one of the first firms to bet the firm on de-fi. defi has become complex at this point. it is the core area of engagement for most of the applications being developed on top of web3 currently. what we see now and especially with this new fund is doctrine-based gaming, and what we see as a potential for blockchain-based gaming, is the same opportunity we saw with defi in 2019. it is a unique opportunity to get these game developers that have been developing on consoles and pcs and on mobile the left turn, 20 years, and build on a new form that has advantages that are just not possible in the ecosystems that they are used to today. emily: we will be watching to see where you make your next move, framework ventures founder , michael anderson, thank you for joining us. coming up, hear exclusively from

aisha evans, the ceo of the autonomous vehicle company zoox. how she plans on competing with tesla, especially now that elon musk has said they are working on a robotaxi with no steering wheel's or petals. and there are other competitors in this space too -- waymo, cruze. aicha evans up next. ♪

emily: as we continue to monitor tesla results, i spoke exclusively with zoox ceo aicha evans, the autonomous driving company recently bought by amazon for over $1 billion. in this latest edition of bloomberg's "studio 1.0," we talked about what it takes to build a startup into a global ride-hailing giant, including competing with tesla. aicha: this is silicon valley. we pay tribute to disruptors. having said that, we are not exactly in the same business. we don't sell a car to people.

we sell a ride to people. our customers are not drivers. they are riders. therefore, we use the same types of technologies, but they are in the car-selling business. emily: how does zoox fit into the future of amazon? aicha: well, that story is yet to be written. we hope to deliver on the promise of a new segment, sort of a big business, and one of those in the tradition of amazon. we know there is a world of possibilities. but i tell everybody, we first have to earn it. before we talk about synergies and possibilities and opportunities together, zero times anything is still zero. so we are focusing on building our business, getting to market. . and there is a myriad of possibilities. emily: is zoox going to be dropping off my boxes? aicha: potentially, if that is the right thing to do and it makes sense to do so.

but first, we have to make sure we can take you everywhere you need to go, without having to worry about parking and so on. emily: what is it like having amazon as your boss? aicha: it has been good. we are an independent subsidiary of msn. so yes, they are involved. we agree on what is going to happen, why it is going to happen. emily: how often do you talk to jeff bezos or andy jaffe? aicha: i don't talk to them that often. i mean, we have a monthly business review, a quarterly business review, but no, it is not like i am besties with them and we are on the phone chatting, no. emily: you must know what the expectations are. what is amazon expecting of zoox? aicha: get the funding and get it to scale. that we execute. emily: google is a well-funded competitor. are you getting what you need? aicha: more than i need. funding is not something i even worry about. emily: what is it like to operate in that environment

where money is not an issue? aicha: we have to be careful because you do not want to be a drunken sailor and be, like, oh, no i have -- you still have to be very disciplined and managed the phases of the business. how do we execute? how do we make our milestones? how do we get to market? were things organized properly? how do we hire? how do we retrain? -- how do we retain? so on and so forth. have we stayed mission-day event? emily: the public seems to have lost interest in waiting around for self-driving cars. i wrote in google "self-driving car" in 2011. but i am still waiting to be able to buy or just ride a self-driving car on demand. aicha: in self-driving, the opportunity is so clear. the reach is so broad. we forgot that these things do start small. one. second, it is a hard problem to solve. we talk about safety and we talk a lot about human error when it comes to driving.

but we also forget that collectively, at least in the united states, humans collectively drive 100 million miles before having a fatality. that's a lot of miles. so humans are also pretty good. the thing humans are good at, i call it exception handling. we all know how to drive. if we were all fully autonomous, we would be deployed already. but we are driving amongst humans, and you have to deal with so many different scenarios. there are some the things you have been learning about driving since birth. and codifying that easing centers and computers is turning out to be a lot harder. emily: you can catch much more of my conversation with the zoox ceo aicha evans, tonight at 9:30 p.m. eastern on bloomberg television. could zoox be delivering my amazon packages one day? i want to get back to the latest on the tesla earnings call and bring back ed ludlow. it is very interesting. max just described what sounds

-- mark just described what sounds a lot like zoox, a robotaxi with no steering wheel, no petals neither of which zoox have. ed: six is working on mass production by 2024 -- tesla is working on mass production by 2024. there was criticism on the call, questions about overpromising on full self-driving. but this purpose built car seems to be the big takeaway. emily: and he says it will drive massive growth. by 2024. i mean, he has made bold predictions about timelines before. ed: and he has gotten them wrong. this is happening in parallel with the semi-truck production, and the continuing ethics investigation. he said the future is fleet-based. you don't own your own vehicle. sounds a lot like zoox. emily: that then we haven't heard yet is anything about 4/20 or twitter on the call. ed: the only curious thing, musk didn't start the car, the cfo did. and then musk made very deliberate prepared remarks, which is not much like him.

emily: so he didn't go off script yet. ed: not yet. i better run to my desk. emily: he will take questions from institutional investors, retail investors, from analysts, and that is where the roofing -- ed: somebody has got to ask, what is going on with twitter? emily: i hope so. but we have seen shares take a leg down since all the drama started to unfold. certainly if you are a tesla investor, maybe you don't want elon musk to buy twitter. ed: he is easily distracted. that's the question, is how can he run all these companies? emily: multitasking is nothing new to elon musk. there is an argument to be made there. but we will listen in for all the headlines. stay tuned to bloomberg television for much more. ed ludlow, thank you. that does it for this edition of "bloomberg technology." we are back tomorrow the managing director of mkm.

he will be talking about snap. don't forget to check out our podcast. find it anywhere you get your podcasts. i am emily chang in san francisco. this is bloomberg. ♪

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