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Tech & Science Jaden Smith asked Elon Musk for advice on starting a company. Musk was shocked when Smith said he wanted to sell water.

05:40  30 october  2019
05:40  30 october  2019 Source:   businessinsider.com.au

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Jaden Smith asked Elon Musk for advice on starting a company , Musk said in a June 1 deposition. The transcript of the deposition was obtained by PlainSite, an organization that advocates for transparency in the US judicial system. When Smith told him he intended to sell water , Musk was

Elon Reeve Musk FRS (/ˈiːlɒn/; born June 28, 1971) is a technology entrepreneur, investor, and engineer. He holds South African, Canadian, and U.S. citizenship and is the founder, CEO

Elon Musk wearing a suit and tie: Elon Musk. Elon Musk.
  • Jaden Smith asked Elon Musk for advice on starting a company, Musk said in a June 1 deposition. The transcript of the deposition was obtained by PlainSite, an organisation that advocates for transparency in the US judicial system.
  • When Smith told him he intended to sell water, Musk was incredulous.
  • Smith's company, Just Goods, which he cofounded with Drew FitzGerald, sells water bottles made mostly from paper and plant-based plastic.
  • The deposition was part of a 2016 lawsuit filed by Tesla shareholders alleging that the members of Tesla's board of directors, which included Musk at the time, acted in their own best interests, rather than in those of Tesla's investors, when they approved the $US2.6 billion acquisition of the solar-panel company SolarCity in 2016.
  • Visit Business Insider's homepage for more stories.

Jaden Smith asked Elon Musk for advice on starting a company, Musk said in a June 1 deposition. The transcript of the deposition was obtained by PlainSite, an organisation that advocates for transparency in the US judicial system.

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But Smith says he became interested in the bottled- water industry from a different perspective. He founded JUST Water with Drew Fitzgerald, an environmental activist who also works as a creative director at MIT, in 2015. From the start , the B Corp-certified company has primarily emphasized its

When Smith told him he intended to sell water, Musk was incredulous.

"It's like when Will Smith's son, Jaden, he came by before doing Just Water," Musk said during the deposition. "And he wanted to ask my advice on, like, starting his company. And then Jaden and Will said - I said, 'OK. Well what is it?' And they literally said, just water. I'm like, are you serious?"

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Elon Musk , CEO of SpaceX and Tesla. And though Musk is busy running a gaggle of companies all trying to change the world, he is not too busy to set the record straight. Vance wrote that when Musk 's assistant of 12 years, Mary Beth Brown, asked for a raise, Musk told her to take two weeks off.

Was Smith asking Musk to address water security? Suggesting cars could be hydraulically powered? Simply advertising a company he has a personal financial stake in? Unfortunately, only those who speak the mysterious language of noted futurists will ever know for sure.

Musk described the meeting, which was not related to the lawsuit that prompted the deposition, after suggesting that the word "acquiescence" could be a name for a water brand.

Smith's company Just Goods, which he cofounded with Drew FitzGerald, sells water bottles made mostly from paper and plant-based plastic. The company says its materials and production processes create 74% fewer emissions that are harmful to the environment than a typical plastic water bottle.

Just Goods did not immediately respond to a request for comment.

The deposition was part of a 2016 lawsuit filed by Tesla shareholders alleging that the members of Tesla's board of directors, which included Musk at the time, acted in their own best interests, rather than in those of Tesla's investors, when they approved the $US2.6 billion acquisition of the solar-panel company SolarCity in 2016. Since the acquisition, Tesla's solar business has, for the most part, declined, while critics have argued that the deal was a bailout by Musk of his cousins Lyndon and Peter Rive, who founded SolarCity.

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Elon Musk is a man of few words, who more often than not lets his actions and delivery of results speak for himself. Having said that, there keeps coming a time when Elon drops some gems of entrepreneurial advice . The founder of Tesla and SpaceX has had more than his fair share of criticism.

While Musk said he likely would not support the acquisition if he could go back in time because of the difficulty of the early stages of production for Tesla's Model 3 sedan, which took significant resources away from Tesla's energy division, he added that SolarCity was "far and away" the best solar company Tesla could have bought at the time.

Musk said this month that the decline in Tesla's solar sales was temporary and that he expected the company's energy business to eventually grow faster than its automotive business.

Read the relevant portions of the deposition document below:

Elon Musk Deposition -Sola... by Bryan Logan on Scribd

Are you a current or former Tesla employee? Do you have an opinion about what it's like to work there? Contact this reporter at mmatousek@businessinsider.com. You can ask for more secure methods of communication, like Signal or ProtonMail, by email or Twitter direct message.

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SpaceX and Tesla CEO Elon Musk tweeted some maths for how long he thinks it would take SpaceX to transport the necessary materials to Mars to build a self-sustaining city. Musk said it would take 1,000 of SpaceX's Starship rockets 20 years to transport the cargo.Musk has a history of bombastic claims about his hopes to colonise Mars, once outlining a plan to nuke the planet's atmosphereVisit Business Insider's homepage for more stories.Elon Musk has made another grand claim about his plans to colonise the red planet with his space exploration company SpaceX.

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