Elon Musk being interviewed by Sarah Lacy

If you've ever wanted to get an inside look into the world of a high-risk, high-tech entrepreneur, we've got just the video for you. Elon Musk, co-founder of Tesla Motors, SpaceX and Paypal (and Chairman of SolarCity) sat down with PandoDaily's Sarah Lacy for an entertaining hour-long interview and talked of his experiences starting and running billion-dollar companies.

Besides regaling his host and audience with tales of wrecking his Mclaren F1 and trying to buy Russian intercontinental ballistic missiles, Musk gave interesting insights into intricacies of both rocket and VC funding failures. Although there technically wasn't any burning of wood during the so-called "fireside" chat, that doesn't mean there weren't any hot sparks. Indeed, Elon didn't hesitate to flame Fisker for its approach to the electric vehicle market. And we quote, "The reason we don't have electric cars is not for lack of styling."

But it wasn't all retrospective. Musk also discussed his plans for the future – he will continue to run Tesla and SpaceX for some time – and what transportation solutions he would like to see, and possibly make, happen. He touched on his supersonic electric airplane idea as well as something completely new: a hyperloop.

Say what?

Now, he didn't go into detail about what a hyperloop actually is beyond that he envisions it using solar power as its energy source (it can store that energy somehow for night operation as well) and he expects it could take you from L.A. to San Francisco in about 30 minutes. In a tweet following the event, he also mentioned that he will expand on this idea publicly within the next couple weeks and that it doesn't involve vacuum tubes.

Set aside a bit of time and scroll down for a lively conversation that includes so much more than what we've mentioned here. Bon appétit!