Touring Elon Musk’s $50,000 Tiny Home

so Elon Musk just purchased this foldable home for fifty thousand dollars that could be assembled in under an hour and they're taking over the world I should have a box school yeah you do some prototype bucks will that's down in South Texas it's an out of the box idea building a home on an assembly line but that's exactly what's happening at boxable this is our 170 000 foot Factory in Las Vegas let me give you a tour this is incredible the process begins uh mostly right over here where we take the various parts and we assemble them together into the wall panels so we have a few different layers that are laminated together it's really precise really accurate and we get these these better ratings on the product the inspiration was to find a big problem so it wasn't like we were inspired by uh oh the light bulbs go on and let's do this it was a much much more clinical than that we said let's find a big problem and fix it and so we looked around a lot of different Industries and then this big aha moment it's like hang on a sec building construction is pre-industrial and pre-industrial just means it's not made in a factory and we said why you know what because they're big like can we fix that you know so right now uh the last price we sold a box book a seat out was sixty thousand dollars that's for a basically a 400 square foot studio apartment kitchen Bath Bed and couch and if you look around in the marketplace there's really nothing else out there at that price and I think that's one of the reasons we have such a big wait list now for the product it's got over 160 000 names on it one of the big problems you see with Factory built housing which does exist uh is that it's kind of just failed to to gain market share so our initial Innovation was that these houses actually fold up so they can ship Highway legal at the lowest possible cost now that we can ship them far from a centralized Factory we can actually scale that factory and try to get on par with what you see at an automobile plant because a Ford or or Tesla plant they're putting out one car permitted in these factories so why can't we do one house per minute what was it like for Elon Musk to purchase the unit how did that come to be I've got this lady keeps calling me she says for Milan musk's office we had a chuckle and uh as I recall it you know he didn't really we didn't really think it was uh musk's office and we said he said no he said we can't have it we've only got three and so then we figured out it was real he said all right you can have one because we've only got three so we delivered it and I think that again it's back to that thing where you try and do everything mostly right and you get a break and you get luck so so that was pretty cool but a zillion articles got written about it which was great how do you think he found you guys to begin with oh no idea I probably you know Pro I did have to ask him but you probably saw the picture of the unfolding house and just said hey that looks cool would you get me one and that was it I don't think he really put much thought into it wow but I have no idea I'm speculating largely so you can feel you know these panels I mean they're Rock Solid like you know a regular sheetrock wall you know you could maybe kick through it with your foot uh you know you're gonna break your foot before you get through this thing it's interesting it's pretty much a styrofoam on the inside of this that is wild how customizable could it be with electricity or layouts the idea is that we kind of have this standardized Universal product and right now we have so much demand for just this Casita version that we're going to focus on that keep it really simple perfect that but later on we'll be able to do all kind of customizations uh at the Box level and then also you'll be able to stack and connect different boxes and what we're doing is we're getting the bulk of the heavy lifting done for the Builder developer and then they're going to take our product it's going to cut months and months off their cycle time and they're going to go ahead and customize it on site the boxable building technology is actually multifaceted we have a building shell but within the building shell we keep taking ever finer resolution passes to get this thing into Focus so we have the technology of the building shell but then you know what about the faucets what about the furniture what about the toilet literally what about the furniture the Interior Furniture and the lights and the lamps and the windows and the doors so we apply those same principles of innovation and critical thinking and first principles to all of that and as the team grows you've met some of our team today as the team grows you know Uncle Harold said you know do the important things first it's not my uncle Harry By the way somebody else okay uh do the important things first a pretty good lesson so all the magic actually happens in the core so you'll see that we've kind of got the room open here this is where the kitchen bathroom is going to go all the rest of the space is just empty and you know we don't ship empty space we fold it up yeah you can see you know we've got you know kind of the plumbing the plumbing going into place the the HVAC for heating and cooling we've got the the flooring on here as well and how long would it take them to go from that step here to this so right now we're targeting about four hours for every station um that time you know keeps coming down and down as we move forward and dial in the factory so we're doing about one house every four hours are you worried about anybody copying your designs or being able to replicate it so normally if I'm citizing somebody else and they said you have no competition I said come on that's bull that's hubris but today people don't even know don't even understand what we're doing so this is pretty much the final station where they're doing quality control a little bit of cleanup and then they're going to fold the unit up shrink wrap it and send it out the door how many times could this be folded and then unfolded and folded and unfolded have you done a test quite a lot probably more than anyone would want to uh we've had a few units that have been kind of demo units that have gotten unfolded countless times but the idea is that these are kind of permanent buildings that are you know Superior to other traditional permanent buildings but just by their nature they are totally relocatable and I'm sure a lot of different people with different use cases will be you know deploying them here taking them back deploying them there eight and a half feet that is the magic number to ship at the lowest possible cost pretty much any other company out there that's shipping a wide load that's not really scalable because you just incur so much shipping costs that you kind of lose all the advantages you had from building the factory in the first place welcome to Welcome to the boxable Casita I love this so if we look at the casino design the first things you'll notice is the tall ceilings so nine and a half foot ceilings ridiculously tall one of the best ways to create a sense of volume is the ceiling height and we pushed and pushed and pushed and you think a lot of other homes have eight foot ceilings and even lower than that so nine and a half spectacularly tall and that future proofs us to create a lot of different combinations so going down the road you want the home to feel big so it feels like it's sort of enveloping you and GAP is is a comfortable solid place so it's very very important with the kitchen what we wanted to do was with all of the appliances and everything no half size appliances nothing nothing undersized at All Appliance wise so you see we have this generous Z-Wave counter twin sinks are over a giant window which is really nice to do the dishes you can look out for sure the window and just a lot of cabinet space everywhere because storage is at a premium you know when you're around 400 square feet and then if we move to you know the the back uh the back of the house the back quadrant you know we have you'll notice and full size queen bed nothing is small it's a full-size queen bed our own organizer closets here which divide the space which is really nice these actually light up in production and cute cute features like this so if you're watching a movie and you get a little sleepy you know you can turn it around yeah that's great yeah all of this included fun little thing this is uh the furniture is not which would include this okay but all the appliances you see which is where the money is it's all included as with all things that become super successful you need everything and then you need luck and luck is is nothing mystical it's just odds it's just like playing cards it's odds there's no luck in cards right so you need luck as well and when we were doing some of these videos we did this video of it unpacking and for us the unpacking is simply a means to an end with we're mechanical engineers and designers we're fixing a problem but for the audience it blew their minds and I think as a visual it caught them and then they wanted to learn more a bathroom is nice again if we see this eight foot door it's pretty remarkable space to have an eight-foot door and a pretty generous pretty generous full-size bathroom and I'll actually go ahead and step in here uh one of the things we found is um we couldn't find the shower we liked right so this is a full eight foot shower and we designed our own you see the logo here right and in terms of cost reduction you know if you go to Home Depot you're going to find those showers around a thousand a thousand dollars eight hundred dollars we engineered this it's Superior it's taller it's got glass uh we bought this we buy this now for under four hundred dollars what age did you realize though that was a calling for you you know it's just weird but the child really yeah it was a child that time you know how about throw away the toys and I'd be cutting up pieces of paper with uh sticky tape and putting them together really didn't play with toys so I was always sort of wired that way you know genetically on the one hand and on the other hand um you know sort of rebel against Authority okay that didn't really make me a good employee yeah so between between that wiring and the fact that I really didn't want to work for somebody else uh that just led me down the path of Entrepreneurship if one person sits down down they're out of view of the other person so won't go to bed one could watch TV maybe with headphones on but the rest of the time even if we're sitting down here I've got sight lines to the other to the other side of the unit and that creates the sense of space so uh I got a question for you can I have one

Channel: Graham Stephan

Views: 751,702

Keywords: investing, investing for beginners, investing in your 20s, how to invest, how to invest in real estate, how to invest in stocks, stock market investing, stock market investing for beginners, stock options, robinhood, robinhood app, best stock trading app, how to be a millionaire, how to be a millionaire in 3 years, credit score, credit score explained, credit card, credit cards for beginners, passive income, how to build wealth, how to build wealth in your 20s, real estate 101

Id: 0Cdqs2Q1Vis

Length: 10min 32sec (632 seconds)

Published: Mon Jan 30 2023