Elon Musk says impossible to take Tesla private, mulls new IPO

Billionaire Elon Musk has said that it is impossible to take Tesla private now, but it seems that he is mulling an IPO for SpaceX’s budding space-internet business.

Tesla CEO Elon Musk has said it is impossible to take the company private now as its public company duties are a much bigger factor. As much as he would have liked to spend more time on innovation, the billionaire said “going private” is an impossible prospect for Tesla. Musk’s comment came in reply to a tweet asking him to optimise his time in areas such as innovation.

Tesla shares, which were included in the S&P 500 index this week,

have surged eightfold this year ahead of the addition to the benchmark

measure. The gain is twice the advance of the next best performer on the gauge. The share price jump also created millionaires among its investors, and propelled Musk’s net worth by $132.2 billion to $159.7 billion, making him the world’s second-richest person, according to the Bloomberg Billionaires Index.

Comments

Trump extends visa sanctions on countries

U.S. President Donald Trump has indefinitely extended the visa sanctions on countries refusing to repatriate their citizens who violated laws in the United States . The visa sanctions on such countries were set to expire on December 31. Mr. Trump issued a memorandum on April 10 which empowered the Secretary of State and the homeland security secretary to deny visas to countries refusing to accept their citizens who voilate American laws. "In light of the ongoing COVID19 pandemic and the continuing public health risk it poses to Americans," Mr. Trump said in a memorandum issued on Wednesday that his April 10 "memorandum shall continue in force until terminated by the President". The April 10 memorandum noted that countries " denying or unreasonably delaying " the repatriation of their citizens would be deemed to be causing " unacceptable public health risks for Americans". "Countries that deny or unreasonably delay the acceptance of t

Most Dangerous Aircraft Accident

Japan Airlines Flight 123 Japan Airlines Flight 123 was a scheduled domestic Japan Airlines passenger flight from Tokyo's Haneda Airport to Osaka International Airport, Japan. On August 12, 1985, a Boeing 747SR operating this route suffered a sudden decompression twelve minutes into the flight and crashed in the area of Mount Takamagahara, Ueno, Gunma Prefecture, 100 kilometres from Tokyo thirty-two minutes later. The crash site was on Osutaka Ridge. Japan's Aircraft Accident Investigation Commission officially concluded that the rapid decompression was caused by a faulty repair by Boeing technicians after a tailstrike incident during a landing at Osaka Airport in 1978. The rear bulkhead of the plane had been repaired with an improperly installed doubler plate, compromising the plane's airworthiness. Cabin pressurization continued to expand and contract the improperly repaired bulkhead until the day of the accident, when the faulty repair failed, causing a rapid decompressi

How to become a Millionaire?

If you want to become a millionaire follow our tips for 20+ days then you can easily update yourself in the competitive world 20+ days mean you won't become a millionaire in just 20 days . 20days is best to maintain your hobbies and you feel easier after 20 day that meant you will suffer a lot first 20 days to make up into to your new life journey . Hope you guys follow and win your goals ok lets move into your topic TO BECOME A MILLIONAIRE Choose your carrier and Develop it Every millionaires mindset : Hard work never fails If you are trying to get some foods when you are in hunger in hotels but there is huge people was there in line to get the foods what will you do there? comment your answer in comment box (your answer is the best reason of hard work) Save and invest for growth Make your salary into 3 parts 40 % for saving 40% for accommodation 20% for investment If you want to become a millionaire come out from your safe zone your life and take risk to achieve your ne

Rapid Trend Now

Search This Blog