Tesla’s Elon Musk is ‘big picture guy’: Investor
Hercules Investments CEO James McDonald weighs in on the future of Tesla.
It is “impossible” for Elon Musk to turn Tesla private — despite the CEO’s belief that ridding the electric carmaker of its duties as a public company would help accelerate innovation, he said Christmas Eve.
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ELON MUSKS SAYS HUMANS WILL BE ON MARS IN 6 YEARS
“Engineering, design & general company operations absorb vast majority of my mind & are the fundamental limitation on doing more,” Musk tweeted in response to a user who was speculating on how the tech tycoon could best allocate his time. “Tesla public company duties are a much bigger factor, but going private is impossible now (sigh).”
Tesla, which was added to the benchmark S&P 500 index this week, has seen its shares surge 670 percent since the beginning of the year. With its nearly $630 billion market cap, Tesla would be far and away the biggest acquisition of all time.