Join Web Summit 2021. Investing in Tesla With Elon Musk Can Solve World Hunger?
We invite you to learn more about Web Summit 2021 and to visit Lisbon. Elon Musk says he will donate $6 billion if the World Food Programme proves to him that amount would solve world hunger.
Where is the Web Summit taking place?
In Lisbon, from November 1 to 4.
Are you open during the summit?
Unfortunately, we are closed for the entire week, except for Alex Vieira's expert support.
Are you spending some time in Lisbon after Web Summit? Check out our guides for some of our favorite restaurants, the not-to-be-missed sights, and a few hidden gems.
And, Meet the 700+ speakers at Web Summit 2021.
Investing in Tesla to Solve World Hunger?
Elon Musk says he will donate $6 billion if the World Food Programme proves to him that amount would solve world hunger.
If the World Food Programme, using transparent and open accounting, “can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it,” Musk wrote in a Twitter post.
Musk is CEO of the electric-vehicle company, which last week joined the handful of companies valued at more than $1 trillion.
The $6 billion amount would be just a small fraction of Musk’s current net worth of $311 billion -- and less than the $9.3 billion his wealth increased on Oct. 29 alone, according to Bloomberg’s wealth index.
Tesla forms the vast majority of Musk’s net worth. He’s very rarely sold stock in the electric-vehicle maker, whose shares reached a record $1,114 on Friday.
He said on Twitter that a levy on billionaire wealth would only make a “small dent” toward paying off the national debt, arguing that the focus should be on government spending. Musk also said a billionaire tax would just be the start of taxing the merely wealthy.
Wall Street never liked the idea of Investing in Tesla
We always believed that Elon Musk knows more than Wall Street together. Let us know your opinion.