James MacDonald, CEO of Hercules Investments, weighs in on Tesla’s future.
It is “impossible” for Elon Musk to privatize Tesla – despite the CEO’s acknowledgment that dismissing the electric carmaker from his duties as a public company would spur innovation, he said the day before Christmas.
Elon Musk says humans will be in bloom in 6 years
“Engineering, design and general company operations absorb most of my brain and there are basic limits on doing more.” Kasturi tweeted In response to a user who was speculating on how Tech Tycoon could spend its time. “The duties of a Tesla public company are a very big factor, but it is now impossible to go private.”
Tesla, which was added to the benchmark S&P 500 index this week, has seen its shares rise 670 percent since the beginning of the year. With a market cap of about 30 630 billion, Tesla will be the largest acquisition ever.
A Tesla M Model Dell X. Reuters / Arnd Wigman
After sending Mus Gust, 7, 2018, Kasturi famously entered the hot water with the Securities and Exchange Commission, tweeting that they were “considering privatizing Tesla for 4 420. Secure funds. “
Click here to read more on Fox Business
Pot’s joke led to a 20 million fine and forced him to step down as chairman of Tesla.
Musk on Thursday too Tweeted The Internet beaming satellite business within SpaceX – that Starlink is its next venture that is likely to be an IPO, will go public, saying “once revenue growth can be reasonably predicted.”
Get Fox Business on the go by clicking here
