Elon Musk: “The only two American car companies that have not gone…”

“I mean, to a totally frank, I generally say, if somebody needs encouragement to start a company, I would recommend not starting a company. It's very difficult. Like, if you look at, say, the automotive industry, The only two American car companies that have not gone bankrupt are Tesla and Ford. So it's a big cemetery is what I'm saying. So that's a tough one, you know, very, very tough industry. And there were really no, like, commercial rocket companies that were successful before SpaceX.” (1:23:02–1:23:09)

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