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The Tesla boss believes that it is not possible to take the company privately after the sharp increase this year. At the same time, you are considering a new Starlink listing, if revenue becomes more predictable.
Tesla CEO Elon Musk believes it is “impossible” to take Tesla out of the stock market, although he would rather spend more time on other things.
– Engineering, design, and general business operations absorb most of my thoughts and are the basic limitation to doing more, Musk writes in a Twitter message Christmas day.
– Tesla’s tasks as a publicly traded company are a much more important factor, but going private is impossible now (sigh).
The messages come in response to a Twitter user suggesting that you should optimize your time on things like innovation.
Bloomberg also analyzes the exchange of messages.
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One of this year’s winners
Tesla is one of this year’s winners on Wall Street, and the share has risen as much as 672 percent during 2020.
The company’s market value has been measured in dollars and rose to 612 billion, and the electric carmaker is now worth as much as the world’s nine largest automakers combined, according to CNBC.
The stock was included in the S&P 500 Prestige Index earlier this week, as the biggest newcomer to the index, according to Bloomberg.
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On the same day, Musk writes that Starlink, which will offer Internet from space, is a current candidate for an IPO.
– It most likely makes sense for Starlink to go public when revenue growth is reasonably predictable, Musk writes.
Starlink is a project developed by SpaceX, which has already launched more than 240 satellites to offer cheap broadband to the world.
SpaceX CEO Gwynne Shotwell has also previously gone out of business to separate and list Starlink, according to Bloomberg.
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