In just ten days, Tesla CEO Elon Musk has gone from popular Twitter contributor to the company’s largest individual shareholder to a would-be owner of the social platform — a whirlwind of activity that could change the service dramatically given Musk’s self-identification as a free speech absolutist.
Twitter revealed in a securities filing Thursday that the sometimes whimsical billionaire has offered to buy the company outright for more than $43 billion, saying the social media platform “needs to be transformed as a private company” in order to build trust with its users.
“This is not a sort of way to make money,” Musk said during an onstage interview at the TED 2022 conference Thursday. “Having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization.”
Perhaps you have heard of the automotive company Tesla Motors and their CEO Elon Musk. Well for those who have not Tesla Motors is a start up automotive company that is focused on revolutionizing the automobile and bringing the entire automotive industry into the 21st century. The company was founded in 2003 by Elon Musk, Martin Eberhard, Marc Tarpenning, JB Straubel, and Ian Wright. The companies first vehicle was called the Tesla Roadster which was a an all electric sports car; their following car is pictured above, called the Model S it is an all electric sedan and is currently leading the way in EV vehicles.
Tesla’s futuristic approach also appeared in how they went about selling their cars. You can travel in any direction and you will find multiple car dealerships for various auto companies that are privately owned by a family or as a group venture. Tesla though has established company owned stores to eliminate the middle man in car purchases and to bring forth a more efficient and cheaper way for anyone to purchase a car.
This radical way to sell cars though has caused quite a stir in Virgina and Texas where state laws do not allow a company to own the dealerships let alone sell their own cars. Today it was reported that Texas has shot down Tesla’s appeal to state laws to allow the company to sell their own cars through company owned dealerships.
Elon Musk personally pleaded his case before the Texas State Legislature during their meetings but was greeted with a stone wall when trying to change the laws and in return refused to budge when Texas Auto Dealers Association President Bill Wolters tried to compromise saying that Tesla could maintain some control over the dealerships but not all, of course Musk refused to give in. Word circulating around the story says that Elon Musk plans to take this fight to the federal courts where he hopes to have much more success.
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