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Full Transcript: Zanny Minton Beddoes Interviews Elon Musk

Interview Notes: In this exclusive full-length interview with The Economist’s editor-in-chief Zanny Minton Beddoes, recorded at Tesla’s Texas Gigafactory, Elon Musk sits down for his first extended conversation since SpaceX’s blockbuster IPO. The wide-ranging discussion explores the timeline for AI surpassing human intelligence, China’s rapid advances in technology, the future of work in an age of abundance, Starlink’s role in Ukraine, and Musk’s reflections on getting “a little too involved” in politics. Throughout, Musk offers his characteristically bold predictions about the years ahead while addressing questions about concentrated power, Europe’s challenges, and what people most often get wrong about him.

Read the full transcript of Elon Musk’s interview below (recorded on July 20, 2026):

Introduction

Zanny Minton Beddoes: Elon Musk, thank you so much for joining me on The Insider. Thank you for having us here at Tesla Giga. It is really hard to introduce you without using superlatives. I mean, you are doing, I think, more to build the future than literally anybody alive right now.

Elon Musk: I’m doing a lot of building in general.

Zanny Minton Beddoes: You’re doing a lot of building.

Elon Musk: Instinctive builder, I suppose. I just like building things.

Zanny Minton Beddoes: You are, but you’re building—

Elon Musk: I mean, run around building things all day long.

The World in 10 Years: A Vision of Abundance

Zanny Minton Beddoes: You run around building a lot of things. You pioneered electric vehicles. You revolutionized space travel. You’ve got a cutting-edge AI model now, humanoid robots. Can we start this conversation by you putting all of this together? Yeah. Tell me what the world’s going to be like in, let’s say, 10 years if you succeed.

Elon Musk: 10 years. So we’re talking 2036.

Zanny Minton Beddoes: Yeah. Hopefully we’ll both be around.

Elon Musk: Hopefully.

Zanny Minton Beddoes: Yes, we can.

Elon Musk: We can probably— most likely we will be. It’s hard to imagine the future where there’s not an overwhelming amount of artificial intelligence, meaning like in 10 years, I would expect artificial intelligence to be far greater than the sum of human intelligence, like far greater. In fact, I think AI may exceed the sum of human intelligence in about, in around 5 years.

Zanny Minton Beddoes: In 5 years?

Elon Musk: Roughly 5 years is my guess. So there really won’t be anything that AI can’t do better than humans, apart from being human, perhaps.

Zanny Minton Beddoes: At a more prosaic level, what will life be like?

Elon Musk: The most likely outcome is an age of amazing abundance where anyone can have anything they can think of. This may sound preposterous, but well, here we are in 2026. Let’s see where we stand in 2036. Now, of course, there are things that could derail this, like a massive global thermonuclear war or something like that. But assuming that there’s not World War III, I think we’re headed for an age of amazing abundance. So this is, I guess, a message of optimism and excitement about the future.

How Will the Companies Make Money?

Zanny Minton Beddoes: So we’ll talk about the abundance in a second, but just on a very prosaic matter, how are your companies going to be making money? Because when you— in the SpaceX IPO prospectus, it looked as though the overwhelming amount of the revenue would be coming from AI, from Grok really. It won’t be transporting things to space as SpaceX is now doing. What will your companies be doing in 10 years? And how will they make money?

Elon Musk: Well, you can really think of the economy as digital and physical intelligence. So what we have right now advancing very rapidly is digital intelligence, obviously, with AI that seems, almost with every passing week, there are more AI breakthroughs, it can do something amazing that it couldn’t do before. But it’s still somewhat confined to the digital realm. It doesn’t have end effectors. You need the end effectors in the form of humanoid robotics. You need basically lots of bots, in a nutshell. You need lots of bots.

And then you can go from intelligence manifesting itself only digitally to shaping atoms. And you say, what is an economy? An economy is the production of goods and provision of services. And if you have vast numbers of robots with vast amounts of digital intelligence, you have a sort of a quasi-infinite economy. So the future is going to be very, very different from the past. There’s no analogy or metaphor that I think illustrates the magnitude of change that we’re going to experience here.

Zanny Minton Beddoes: I understand that, and I’m also trying to kind of figure out what that world will look like, but in some way you have—

Elon Musk: It’s going to be pretty incredible.

Zanny Minton Beddoes: Yeah, well, we’ll also do— there are some risks too.

Elon Musk: We’ll come to those.

Zanny Minton Beddoes: But just on how then you make money, because in the end people are buying your shares because they expect you to make money.

Elon Musk: I’ll make another prediction. Money won’t matter in 2036.

Zanny Minton Beddoes: I’m not sure that the people who bought your shares think that money won’t matter in 2036.

Elon Musk: Well, what do you want money for? You want money for goods and services, right? You want money for obviously food, housing, transport, entertainment. Well, if that is so abundant that the robots and AI are providing more goods and services than any human could possibly consume, what do you need money for in that case?

Zanny Minton Beddoes: But you’re creating these robots.

Elon Musk: I guess every now and then you’ll need money, sure.

Zanny Minton Beddoes: Are you selling these robots? Are you selling humanoid robots? Or are you producing goods and services with the humanoid robots that you control?