Palo Alto based company, Tesla, is famous for its electric vehicles and spacecraft. The company CEO – Elon Musk became the third richest man after the latest Tesla stock split. Tesla stock stands in the row of the most notable holdings, thus, many investors are attracted by such a big brand that brings innovation in the fast-developing tech business. But as it is not yet clear, what future holds for the stock, the investors would like to wait before believing the 19% of Tesla analysts that say it is profitable to invest now.
Tesla Stock Split: Is it a Loss in Reality?
The announcement of the split happened nearly twenty days before, and there was enough time for the one to five division, more precisely 1-to-5 share. The company might have outperformed any other stock by its results of 500% raise in the current year. The most visible plan of the company is to raise 5 billion in the first week of September. Yet their next step with the success will be used for “general corporate purposes”. Actually, the split alone will not have any impact on the gains of investors. What is more, it is the rise and fall of its market value that matters the most. This means the shares do not carry a threat.
Elon Musk Bypasses M. Zuckerberg with a New Net Worth
Becoming the third richest man in the world, Musk adds another big achievement just in time when Tesla stock split refreshes shares. On the other hand, the news is not welcomed by US Senator B. Sanders, as the latter thinks wealth gains are massive in times when the world deals with the pandemic. Musk’s net worth is now 115.4 billion USD – 5 billion dollars more than that of Zuckerberg. Things look promising for the 49 year old Musk. But he is far away from a competition of the richest in the world – Jeff Bezos, whose worth exceeds 200 Billion USD. Monday, August 31 also started with the news of Bezos’s wife becoming the richest female in the world, with $62,4 billion worth.
Musk’s Neuralink Update that Started another Buzz by Going Viral and Made People Skeptical
On August 28 – two days before Tesla stock split, Musk made a stream on Neuralink news and displayed something that felt quite entertaining. Neuralink is a startup by Elon, which targets neuroscience, trying to benefit from artificial intelligence in human life. However, feedbacks on this massive project have been a bit negative, as the company rushes its workers into fast finishing, instead of working with a moderate pace.
Musk’s live stream displayed a pig, that bore a neuralink chip on her brains surface – just under the skull. Seems it might be a huge turnaround, but there have been many promises that in reality didn’t prove the words Musk stated. And now the company’s future plan is to give people “a Fitbit” which will help them control neurological illnesses. We have seen such things in the sci-fi movies, even back in the 90’s, haven’t we? Combining these two powers of human brain and artificial intelligence might be the weapon of the nearest future.
Of course, there is a long way to go before the first tests and experiments on the human brain will happen. In the end, Musk hopes, it might become a simple operation such as eyesight laser correction. Additionally, it is going to cost a whole lot of bucks in the beginning, though they might reduce up to 5000 USD when selling the first N1 chips. Thus, when you look at the big picture, you can see that current events, such as the Tesla stock split, are less risky.