Elon Musk

Larry Fink: So, good afternoon, everyone. It's great to see everybody here. It's been an amazing week here in Davos.

Hopefully everybody saw that we are having conversations here. Hopefully everybody agrees. There are some conversations that we may disagree. There's many conversations that we may have agreed, but through those conversations, and I think today's result with a peace agreement earlier today, the World Economic Forum is here to have those conversations, to have understandings, and also resolution.

So, it's an important component of who we and what we are, and I'm thrilled, to have Elon Musk here. He came all the way from California to be here to see all of you. So, thank you Elon.

Elon Musk: You're most welcome. I mean, I heard, I heard about, I heard about the formation of the peace summit, and I was like, is that, is that P-I-E-C? You know, a little piece of Greenland, a little piece of Venezuela.

Larry Fink: We got one. Elon Musk: All we want is peace. Larry Fink: Okay, I'm gonna, as I said, I'm a pretty proud, CEO of BlackRock since we went public.

The compounding return of BlackRock to our shareholders was twenty-one percent. Since Elon took Tesla, public, his compounded return is forty-three percent. This is, just another advertisement for everybody, especially for Europeans.

This is why more citizens should be investing with growth, investing with their countries. Imagine if a lot of pension funds invested with Elon when Tesla went public, and how much would return with the, all the pension funds that invested side by side with Elon and the growth. So, a spectacular return.

There's very few companies. Well, I don't think there's any other company as large as Tesla today that has that compounded return, so congratulations. Oh, thank you. It's a good measurement.

Elon Musk: Well, we have an incredible team at Tesla, and that's the reason. Larry Fink: So I wanna get into, the dirt, the meaningful component about technology, the possibilities. I wanna talk about AI and robotics, energy space, and the progress ultimately coming down to engineering discipline, scale, execution.

And few people, if not anyone, has the experience and the fortitude to confront these issues head-on. Not just the ideas, but the execution across so many different technologies, Elon, and that's why I thought it was important for us to have this dialogue here, in Davos. So you're presently building on AI, on robotics, on space, on energy, all at the same time.