Elon Musk: “The utility industry is a very slow industry.”

“And then you don't just need the power plants, you need all of the electrical equipment, need the electrical transformers to run the transformers, the AI transformers. Now, The utility industry is a very slow industry. They impedance match to the government, to the public utility commission. So they impedance match literally invariably. So they're very slow because their past has been very slow.” (05:36–05:39)

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.