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Home / Business / Elon Musk said that privatizing Tesla would be an “impossible” task

Elon Musk said that privatizing Tesla would be an “impossible” task



He said that Elon Musk’s privatization of Tesla is “impossible”, although the CEO believes that getting rid of the electric car manufacturer’s role as a public company will help accelerate innovation.

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“Engineering, design, and general company operations attract most of my energy. This is the fundamental limit to doing more,”

; Musk responded on Twitter. “Tesla’s public company responsibilities are a bigger factor, but now (sighs) it is impossible to privatize.”

Tesla was included in the Standard & Poor’s 500 Index this week, and its stock price has soared 670% since the beginning of the year. With a market value of nearly 630 billion US dollars, Tesla will become the largest acquisition in history.

Tesla Model X. REUTERS / Arnd Wiegmann

After Musk sent a tweet on August 7, 2018, he said that he “is considering taking Tesla private for $420. Funds. “

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The jokes caused him to be fined $20 million and forced him to resign as chairman of Tesla.

Musk also tweeted on Thursday that Starlink is SpaceX’s Internet beam satellite business and is his next company that is likely to conduct an IPO. He said that it will “once revenue growth is within a reasonable and predictable range. publicly issue”.

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