Europe is our weakest market. We're strong everywhere else. So, now, I say also are doing well at this point. We don't anticipate any full sale shortfall. And the obviously the stock market recognizes that since we're now back over a trillion dollars in market cap. So, the market is aware of the situation. So, it's already turned around. But sales still down compared to this time last year. In Europe. In Europe, okay. And that's true of all manufacturers. There's no exceptions. Does that mean that you're not going to be able? Does that mean you're thinking by week? Okay. But you would acknowledge, wouldn't you, what you are facing. Okay. Let's just take it as Europe. What you are facing is a significant problem.
This Tesla is an incredibly aspirational brand. People identified with it. They saw it. They saw it as being at the forefront of the climate crisis. And now people are driving around with stickers in their cars saying, I bought this before we knew Elon was crazy. And that there are also people who are buying it because Elon's crazy or how they may view it. So, yes, we've lost some sales perhaps on the left, but we've gained them on the right. The sales numbers at this point are strong. And we see no problem with the man. So what do you mean?
I mean, you can just look at the stock price. If you want the best insight information, the stock market analysts have that. And stock wouldn't be trading near all time highs if it was not a thing that's going to be good. They're fine. They're worried about it. I was citing sales figures rather than share price. Well, tell me then how committed you are to Tesla. Do you see yourself and are you committed to still being the chief executive of Tesla in five years time? Yes. No doubt about that at all. Well, no, I might die. Okay, sure to that.
So, does that mean that the value of your pay doesn't have any bearing on your decision? Well, that's not really a subject of discussion in this forum. I think, obviously, there should be a conversation for if there's something incredible is down that conversation should match that something incredible is done. But I'm confident that whatever the, whatever some activists opposing as a judge in Delaware happens to do will not affect the future conversation. This is the judge who twice struck down the $56 billion pay package that was awarded to you.
I think the value on the basis on the current value of stock options. Not a judge. The activist who is cars playing a judge in a Halloween costume. That's your characterization. I think the value of stock options, I think the actual. On the current value of stock options, I think the value of that pay package stands at about $100 billion. Are you saying you are relaxed about the value of your future pay package? Your decision to be committed to Tesla for the next five years as long as you are still with us on this planet is completely independent of pay? No. It's not independent.
So pay is a relevant factor, then, to your commitment to Tesla. It's sufficient for running control such that I cannot be housed to it by activists and vests is what matters to me. I've said this publicly many times. But listen, I have this whole thing be a discussion of my alleged pay. It's not a money thing. It's a reasonable control thing over the future of the company, especially if we're building millions, potentially billions of humanoid robots. I can't be sitting there and wondering if I get tossed out by political reasons by activists. That will be unacceptable. That's all that matters. Now let's move on.
Okay. Well, just one question. I'll move on. Well, one question before we move on to other companies, which is that I wonder if some of what you've said has happened to Tesla in the last few months. Did you take it personally? Yes. Did it make you regret any of all think twice about your political endeavors? Is the Nintendo Because it is顯 candles red Clearly to boil important Dini Massachusetts Massive violence was threatened against me. Who are these people? Why would they do that?
How wrong can they be? They're on the wrong side of history. And that's an evil thing to do. To go and damage some of the person's car. To threaten to kill me. What's wrong with these people? I've not harmed anyone. So, something needs to be done about them. And a number of them are going to prison. And they deserve it. You're more will. You're referring to the attacks on Tesla showrooms. But I think. Yeah. Well, it's your showrooms and burning down cars unacceptable.
This people will go to prison. And the people that find them and organize them will also go to prison. Don't worry. But wouldn't you. Wouldn't. Wouldn't. But wouldn't you acknowledge that some of the people who turned against Tesla in Europe were upset at your politics? And very few of them would have been violent in any way. They just objected to what they saw you say or do politically. Well, it's certainly fine to object to political things. But it's not. It's not fine to resort to violence and hanging someone in an effigy and death threats. That's obviously not okay. You know, that's absurd. That is in no way justifiable at all in any way, shape or form. And some of the legacy media and none of us have sort of just fired, which is unconscionable. Shame on them.
Let's talk about your other companies and other business areas. SpaceX. I saw that you said in a speech at the West Point Military Academy recently that the future of warfare is AI and drones. And obviously, defense is an increasingly booming sector with the state of the world at the moment. Do you see SpaceX moving into weaponized drones? You certainly ask interesting questions that are impossible to answer. So SpaceX is. It's the Space Launch Leader. So SpaceX doesn't do drones. SpaceX builds rockets, satellites and internet terminals.
So. So. SpaceX has a very dominant position in Space Launch. So of the mass launch to orbit this year, SpaceX will probably do 90 percent. China will do the remaining half of the remaining amounts of 5 percent. And the rest of the world, including the rest of the US, will do about 5 percent. So SpaceX will do about 10 times as much as the rest of the world combined, or 20 times as much as China, which is in China, it's doing actually a very impressive job. The reason for this is that we're putting it into orbit of the largest satellite constellation the world's ever seen by far.
So I think at this point about maybe approaching 80 percentable active satellites in orbit are SpaceX. And they're providing high bandwidth level connectivity throughout the world. In fact, this connection is on the SpaceX connection. So. I think this is a very good thing, because it means that we can provide low cost by bandwidth internet to a parts of the world if don't have it or it's very expensive. And I think the single biggest thing you can do to look at people out of poverty and help them is giving them an internet connection.
Because once you have the internet connection, you can learn anything for free on the internet. And you can also sell your goods and services to the global market. And once you have knowledge by the internet and the ability to engage in commerce, that this is going to greatly improve quality of life for people throughout the world and it has. And I just like to think anyone in the audience who may have been helpful and, you know, we were starling and getting it to be approved in the country.
And I think it's certainly a lot of good on the countries that have approved it, which is, I think, this point 130 countries are very happy with it. I don't currently anticipate SpaceX getting into the weapons business. That's not an aspiration. We're free. We're frequently asked to do weapons programs, but we have just a lot of clients. Do you envisage SpaceX or, indeed, starling has a separate entity publicly listing in the near future or at all?
It's possible that starling may go public at some point in the future. And what would be the timeframe? What kind of timeframe you consider? I mean, I'm in a rush to go public. The public is, I guess, a way to, you know, potentially make more money, but at the expense of a lot of public company overhead and inevitably, how much lawsuits, which are very annoying.
So really something needs to be done about the shareholder, the shareholder at Robert of lawsuits in the US, because it allows. Plaintiff law firms who don't represent the shareholders to pretend that they represent the shareholders by getting a public plaintiff with the few shares to initiate a massive lawsuit against the company. And the irony being that extreme irony that even if the class they report to represent were to vote that they don't want the lawsuit, the lawsuit will still continue.
So how can it be a class action representing a class if the class were against it? And that's the bizarre situation in the US that needs to, it's a dire need of reform. And as anyone who's running public company experiences, it's an absurd situation and is changed. Well, do you think Donald Trump might change it? You've certainly got his ear. I imagine that you've put this to him. Is this something you're trying to change before any starling IPO?
Well, we need a law to be passed. The trouble being that you need 60 cent of votes. And the Democrats will vote against it. The plaintiff's bar is, I believe, the second largest contributor to the Democratic Party. That's the issue. At the state level, this can be solved. And I should say Texas recently passed a law which, at least at the state level, made the election lawsuit much more reasonable because you have to get at least one in 33 shareholders to agree that they are part of a class of shareholders, three percent. This is a, this will be, will be really helped with a provost lawsuit.
Let's talk about AI, which is in so many of your businesses and in all our world in different ways. It's one of the big changes, the development of generative AI since you last spoke to this forum three years ago. You're in this space, of course, with Grop, which almost everyone will know. You co-founded open AI and then left and you've obviously got a legal battle with open AI and Sam Altman. I wonder if you could say something about the status of that because you were together in Saudi Arabia with the president last week with Sam Altman. In the same place at the same time. And in the neighborhood.
Does that mean you are pushing ahead with the lawsuit against open AI? Yes, but so I came up with the name open AI as an open source and as a nonprofit. And I funded AI opening up for the first roughly $50 million. And it was intended to be a nonprofit open source company. And now it is trying to change that for the financial benefit into a for profit company. That is closed source. So this would be like, let's say you funded a nonprofit to help reserve the Amazon rainforest. But instead of doing that, they became a lumber company, dropped down the forest and sold the wood. You'd be like wait a second, that's not what I funded. That's open AI.
They've made some changes to their corporate structure though, haven't they since in recognition of what you've said? Now that's just what they told the media. Okay. That part they have partly walked back their plan to restructure the business. I guess that's made no difference to how you feel about it. So you determined to see them in court? Of course. Well, that's certainly going to be one to watch.
I also want to ask you about AI and regulation. Because when you were here last talking to John McLeod, you had some pretty strong words about the risk that AI poses. And you said that you really felt what the US was missing was a federal AI regulator that, you know, something along the lines of the Food and Drug Administration or the Federal Aviation Administration. Now you're clearly now in a zone where you're more on the cutting regulation side than wanting new regulators. So has your view changed on the need for an AI regulator?
Well, it's not that I don't think there should be regulators. You think of regulators like referees on the field in sports. There should be some number of referees, but that you should have so many referees that you can't kick the ball without hitting one. So in many, in most of the fields in the US, the regulatory burden has grown over time to the point where it's like having more referees than players on the field. And this is a natural consequence of an extended period of prosperity.
It's very important to appreciate this. This is happening throughout history. When you have an extended period of prosperity with no existential war, there's no, there's no, there's no cleansing function for unnecessary laws and regulations. So what happens is that every year, more laws and more regulations are passed because, you know, legislators are going to legislate, regulators are going to regulate. And you will get the steady pile of more and more laws and regulations over time until everything is illegal.
And let me give you an example of a truly absurd situation. Under the Biden administration, SpaceX was sued for not hiring asylum seekers in the US. Now, the problem is it's actually illegal for SpaceX under ITAR and international traffic and arms regulations to hire anyone who is not a permanent resident of the United States because the premise being that they will take advanced rocket technology and return to their home country if they're not a permanent resident. So we're simultaneously in a situation where it is illegal to hire a asylum service and is also illegal to hire asylum seekers.
And the Biden's Department of Justice chose to prosecute us despite both paths being illegal. But my question was specifically about a regulator for AI, which you said three years ago was needed and you said we need to be proactive on the regulation of AI rather than reactive. Have you changed your mind on that? No, of course not. What I'm saying is that there should be some referees on the field, a few referees, but you shouldn't have a field jam packed with referees such that you cannot click on the ball in any direction without hitting one.
So the fields that have been around for a long time, such as automotive, so aerospace, you know, if the sort of food and drug industries are over regulated. But the new fields like artificial intelligence are under regulated. In fact, there is no regulator at all. So there should be. You still think that. Yes, I'm simply saying, which I think is just basic common sense that you want to have at least you want you want to have a few referees in the field. You don't want to have an army of referees, but you want to have a few referees on any given field in any given sport or any given arena in just for arena to ensure that public safety is taken care of.
But you know what I have said so there's a proper number of referees. But like said, it's actually very easy to visualize this when compared to sports. If the whole field is packed with referees, that would look absurd. But if there are no referees at all, your game stuff here be as good. Okay, so let's then talk about your new world, your role advising government. You are in this unique and unprecedented position of having billions of dollars worth of contracts with the federal government yourself, mostly through SpaceX. And also now an insider's knowledge of it because of Doge.
Can you see that there is a conflict of interest or a potential conflict of interest in broad terms just through that very fact? I don't think so actually. There have been many advisors in throughout history and in the US government and others who have had economic interests. And I am simply an advisor. I don't have formal power. And that's it. I'm not present to you to accept my advice or not. And that's that's our goes.
If there's a single contract that any of my companies that we have received that people think is somehow not. Was was awarded improperly. It would immediately be front page news. To say the least. And if if I didn't mention it, something my competitors would. So if you're not seeing that, then the clearly is not a conflict of interest. The. Yeah. There's another way though to look at it that for example, you have many competitors, whether it's companies like Boeing or companies who would like to do more of the kind of work you do for NASA, Blue Origin Rocket Lab.
And because Doge is in every federal government department, you or people who work for Doge and you are the driving force behind it, have an insight into those companies affairs. And those companies relationships with the federal government. Now all we do is we review the organization to see if the organization has departments that are under a relevant. And then are the contracts that are being awarded good value for money. In fact, frankly, the bar is not particularly high.
Is there any value for money in a contract? And if there isn't been we make recommendations to the secretary, the secretary can choose to take those actions or not take those actions. And that's it. And then any action that is as a function of Doge is posted to the Doge website and to the doge.gov or at that Doge handle on the X platform. So it's complete transparency. And I have not seen any case where that's my knowledge. It's even been an accusation of conflict because it is completely and utterly transparent.
And what about the international dimension now? Let's think about Starlink. Starlink is obviously a very, very good internet service. It's sought after all over the world. It's critical to the front line in Ukraine. It is also had more contracts coming its way. And there is some evidence that companies are allowing access to it because they want to be close to the Trump administration and send the right signal. So Bloomberg broke news today that the South African government is working around the rules on black ownership in order to allow Starlink in.
And that has been done on the eve of the visit. The President Ramaphosa is going to make the White House. Do you recognize that as a conflict of interest? No, of course not. First of all, you should be questioning why is there why they're racist laws in South Africa? That's the first problem. That's what you should be attacking. It's improper for they to be racist laws in South Africa. The whole whole idea with what Nelson Mandela, who was a great man, reposed was that all racists should be on an equal footing in South Africa.
That's the right thing to do. Not to replace one set of racist laws, but the other set of racist laws, which is utterly wrong and improper. So that's the deal that all racists should be treated equally. And there should be no preference given to one or the other. Whereas they're now 140 laws in South Africa that give a prep that basically give strong preference to a few black South African. And not otherwise.
And so now I'm in this absurd situation where I was born in South Africa, but can't get a license to operate installing because I'm not black. Well, it looks like that's about to change. I just asked you a question. Please answer. Does that seem right to you? Well, those rules were designed to bring those rules were designed to bring about an era of more economic equality in South Africa. And it looks like the government has found a way around those rules for you. Ask your question. This is your interview. Everyone wants to hear from you. Is your question. Yes or no? Not for me to answer.
I have got a question for you about your government work and the emergency savings. I do like racist laws. This is not for me to answer. Come on. No, you wouldn't be trying to dodge the question. You have to ask a question. I have a question. I know you answer. I think if you I'm sure you can have that conversation directly with the South African government if you want to. I want to ask you about the total.
I want to ask you about the total amount that you're planning to save through Doge's work. Before the election, you said it was going to be at least two trillion. The number currently on Doge's dog gav is 170 billion dollars. That's a big change. What happened to the two trillion? Or do you expect it to happen immediately? Is it going to happen? Because Doge is supposed to run until next July. Your question is absurd and it is fundamental premise. I'm assuming that on day, you know, within a few months, there's an instant two trillion saved.
No, I'm not told. I'm just asking you. Is that still your aim then? No, we don't. Is that still your aim to get to two trillion? Have we not made good progress given the amount of time? That's exactly what I'm asking. So is it still your aim to go from 170 billion to two trillion? The ability of Doge to operate is a function of whether the government, and this includes the Congress, is willing to take our advice. We're not the dictators of the government. We are the advisers.
And so we can advise and the progress we made thus far, I think, is incredible. We're not the dictators, we are the advisers. But thus far, for advisers, the Doge team to their credit has made incredible progress. You've talked about four billion dollars a day being saved. But that won't get. Which is an, I think everyone can agree that combating waste and inefficiency in government is a very good thing.
But if you add that, you know, you're going to have to do that. But if you add that up, it's not going to get to two trillion over the lifetime of Doge. Sorry. The four billion, the four billion a day, if Doge is going to run till next July, it's not going to get you to two trillion dollars. But you still say it's your aim, so we'll take that as red. There's what Doge.
I feel you're somewhat trapped in the NPC dialogue tree of a traditional journalist. So it's difficult when we're conversing with the public. So it's difficult when I'm conversing with someone who's trapped in the dialogue tree of a conventional journalist, because it's like talking to a computer. So Doge is an advisory group. We are doing the best we can as an advisory group. The progress made thus far as an advisory group is excellent.
I don't think any advisory group has done better in the history of advisory groups of the government. Now, we do not make the laws nor do we control the judiciary, nor do we control the executive branch. We are simply advisers in that context. We are doing very well. Beyond that, we cannot take action beyond that because we are not some sort of imperial dictator of the government.
There are three branches of the government that are some degree opposed to that level of cost savings. But nonetheless, let's not criticize whether there's four trillion. Instead, look at the fact that that 160 billion has been saved and more will be saved too. As I said, I think everyone can agree that cutting waste and, indeed, fraud in any government and being responsible with tax-based money is a very good thing. So I can see that you're proud of that work. I do want to ask you about USAID and the comments that Bill Gates made the other day, which I know that you called him. I know. You said that already. I want to. Also, I'm just. Who does Bill Gates think he is to make comments about the welfare of children given that he is. .eferred to the Geoffrey F.C. Well. He said he regrets those. I would just like to make a smile. He spent a lot of his own money on philanthropy around the world over the years.
My question to you is, have you looked at the data to check if you might be right that the cuts to USAID might cost millions of lives? Yes. I'd like him to pursue us in any evidence whatsoever that that is true. It's false. We found that with USAID cuts, and by the way, they have an open cut, the parts of USAID that we found to be. .even slightly useful were transferred to the State Department. They're not been deleted. They've been transferred to the State Department. But many times over with USAID and other organizations, when they said, well, this is going to help children or it's going to help some. .dezees eradication or something like that. And then when we ask for any evidence whatsoever, I say, well, please connect us with this group of children so we can talk to them and understand more about the issue. We get nothing.
We don't. .they're even trying to prevent. .we should come up with a show of it, meaning like this sort of like, well, can we at least see a few kids? Where are they if they're in trouble? We'd like to talk to them and talk to their caregivers. Okay. Well, can we put this. .and then we get a thing as a response, because what we find is a north-mount of fraud and graft. Okay. Let me put this example to you. Very little. It actually gets to the kids if anything at all. Okay. Let me put this example to you because you grew up in South Africa, so you'll know the impact of HIV AIDS. Well, and this is why I asked about the data the US led on international efforts to combat HIV AIDS treatment prevention.
And there's an initiative called PEPFAR, which is credited with saving 26 million lives in the last 20 years. It was part of the foreign aid freeze, then there was a limited waiver that services are disrupted. And UNAID says, if permanently discontinued, there will be another 4 million AIDS-related deaths by 2029. So if you look at that example, which is backed up by data, in 2023, 630,000 people died of AIDS-related illnesses, then perhaps Bill Gates's figures are not wrong. Millions of lives could be lost. First of all, the program, the AIDS medication program is continuing. So your fund more premise is wrong. It is continuing. Now, do you have another example? Not in its entirety.
The program, there's a limited waiver, and UNAIDs have said that not all of the services that were previously funded by USAID are continuing. So that's why I put that example to you. Okay, well, which ones aren't being funded? I'll fix it right now. Okay, well, actually, they're all on the UNAID's website, so you'll be able to see them. But mostly they are to do with prevention, and for example, the roll-out of a drug called Glenna Capavir, which was hailed as one of the biggest breakthroughs against AIDS for many years, which came out last year. So if you are perhaps, I'm sure UNAIDs would be delighted if you're able to look at that again. Yes, but if in fact this is true, which I doubt it is, then we'll fix it.
So finally, your political influence, I wondered whether you have decided yet how much you're going to spend on the upcoming midterms. You spent a lot more money on the last US election than you envisaged when you were speaking here three years ago. Are you going to continue to spend at that kind of level on future elections? I think in terms of political spending, I'm going to do a lot less in the future. And why is that? I think I've done enough. Is it because of blowback? Well, if I see a reason to do political spending in the future, I will do it. I don't currently see a reason. What about political influence beyond the US? How often do you speak to President Putin?
I don't speak to President Putin. You've never spoken to President Putin? I was on a video call with him once about five years ago. That's the only. I don't think I speak to President Putin. I've heard you speak about it. For example, in your West Point speech, you said, oh, I challenged President Putin to was it an arm wrestle? And I know the Wall Street Journal has reported your conversation. If you're saying they haven't happened other than once, I'll take that as red. Is there a worst publication on the face of the Earth and the Wall Street Journal? I wouldn't use that to align up my case for powercraftings. That newspaper is the worst newspaper in the world. If there's one newspaper that should be pro-capitalist, it's the one with Wall Street in the name. But it isn't. So the very lowest opinion of the Wall Street Journal has actually not. And you clearly believe the tribe that you've written in those papers.
I read very widely and I'm putting these questions to you so that you have an opportunity to respond to them, which you are and for which we're all grateful to hear your responses. Okay, we are out of time. You mentioned it. I did so on the X platform. I challenged a Vladimir Putin to say, well, I didn't talk to him. That was a post on the X platform. That's why I asked you. And you've clarified and explained. Thank you. That's why I was asking whether you have had reported conversations. And you said you have a doubt of the invitation. I have a call. I can see media lies.
Okay, listen, I actually thought I might give Groc the last word. Because when I asked Groc what your hardest challenge is, it said the strain of managing multiple high-stake ventures amid financial regulatory and public relations crises. And I wondered whether you recognized that characterization and whether you do think that this is a pivotal year in your life. Well, every year has been somewhat pivotal. And this one is no different. So, I mean, in terms of interesting things that probably are accomplished this year, the getting stoshed to be fully reusable so that we catch both the booster and the ship, which will be the first fully reusable orbital rocket ever in history, which is would be a profound breakthrough as the essential breakthrough necessarily to make life multi-planetary and ultimately become a space-faring civilization.
We've got neural link, which is now helped by patients restore capability using the left the implant where they're able to control the computer simply by thinking. We'll be doing our first patient to restore blind, restore site with our blind site implant, which is the end of the serial early next. And I think that that first patient might be in UAE since we have a relationship with UAE and the Cleveland Clinic there. I think was running on the AI front. We are close to what you might call AGI or digital super intelligence. I think we'll see that we are seeing an explosion in digital super intelligence here.
And then we've got to Tesla, the will be launching on two-based autonomy, basically self-driving cars with no one in them in Austin next month. So it's a big year for sure. Many other things in the works too. Okay. I mean, technologist first and foremost. Elon Musk, thank you very much for joining us here at Qatar Economic Forum. Thank you. Thank you. Thank you. Okay. I'm not sure how I'm going to top that everybody. Michelle, thank you so much for leaving that conversation with Elon Musk. We have now come to the end of today's sessions. It has been an insightful and engaging day filled with wide ranging discussions and debates over the global economy, investments, innovation and the future growth. Thank you. Thank you.