Tesla Motors Inc (NASDAQ:TSLA) Elon Musk expressed confidence that his company will be able to bring down the cost of batteries in the future in a recent interview with CNBC. In the interview, the CEO also talked about colonizing Mars, focusing on the Hyperloop and genetics.
Asked about the feasibility of getting people to The Red Planet and how long it will take, Musk said that he believes the first people to be sent will arrive there in 10 to 12 years. However, he said that what is more important in his view is building a self-sustaining colony on the planet. When this happens, he said that the human race will become multi-planetary. Whether this can happen will “define a fundamental bifurcation of the future of human civilization,” he noted.
Furthermore, Musk said that he believe getting people to Mars will probably be harder than it is to bring battery costs down. He noted that “optimistic” about improvement in the battery price and that Tesla Motors Inc (NASDAQ:TSLA) has been meeting a lot with their primary partner, Panasonic, to achieve this goal. Additionally, he said that he “feels good about being able to produce a compelling mass market car in three years.”
When asked about the Hyperloop, the Tesla Motors Inc (NASDAQ:TSLA) CEO said that he is encouraging companies that are forming to make the project become a reality. He stressed, however, that his companies including Tesla, SpaceX and SolarCity are taking up all of his brain power at the moment. Nonetheless, he said that while he will always be a part of Tesla, he will eventually be involved in trying to make the Hyperloop happen.
The Tesla Motors Inc (NASDAQ:TSLA) CEO then talked about how disruptive genetics can be. Watch the video below where he explained why this is the case.
Tesla Motors Inc (NASDAQ:TSLA) shareholders includes Donald Chiboucis’ Columbus Circle Investors which had 57,327 shares in the company, a stake that was valued at about $11.95 million, at the end of the first quarter. Another hedge fund with a position on the luxury electric cars maker is Israel Englander’s Millennium Management which reported 54,689 shares in Tesla during the same period.