Times Applaud

Following the announcement that Elon Musk is acquiring a stake in Twitter,  Tesla shares rose slightly while Twitter's stock was up by over 25 per cent. Elon Musk , who is CEO of Tesla, has bought a 9.2 percent stake, in Twitter. According to a regulatory filing on Monday, Musk acquired around 73.5 million shares. Musk's ownership in Twitter is classified as a passive investment, which suggests he is a long-term investor who wants to limit his buying and selling of the stock. Musk, on the other hand, has been voicing concerns about the capacity to freely talk on Twitter, tweeting last month about free speech and the social media network, and industry observers were doubtful of the erratic CEO standing on the sidelines anywhere. "We would anticipate this passive position to be just the beginning of larger discussions with the Twitter board/management that might eventually lead to an active stake and a potentially more aggressive ownership role for Twitter...

Tesla was founded to prove that people didn’t need to compromise to drive electric cars. The company now builds more than just all-electric cars. Tesla, earlier called Tesla Motors, was initially established by a group of engineers who wanted to show that electric cars could be better, and faster to drive than gasoline vehicles. Tesla now manufactures all-electric vehicles. It also makes endlessly scalable sustainable energy generation and storage systems. Tesla believes that the world should transition away from fossil fuels and toward a zero-emission future faster. Tesla was named after Serbian American inventor Nikola Tesla and has now become a manufacturer of electric automobiles, automotive batteries, solar panels, and residential power storage. The company was launched in 2003 by its first CEO, Martin Eberhard and CFO Marc Tarpenning. PayPal cofounder Elon Musk and others invested money into the company. Musk served as chairman of the board of directors beginning in 20...