Elon Musk: “Our recommendation to the treasury and the Federal Reserve…”

“This is the kind of thing that if it was done as a public company, the company would be immediately delisted and the executive team would be thrown in prison. But this is just normal at the government. So we said, okay. Our recommendation to the treasury and the Federal Reserve is like, we need to make the payment categorization codes mandatory. not optional. And there needs to be an explanation. We're not judging the quality of the explanation, but there should be some explanation for what this payment is for.” (29:26–29:34)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.