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Elon Musk Considering Taking Tesla Private

The latest business and finance news from around the world, on the Βι¶ΉΤΌΕΔ.

Tesla boss Elon Musk is considering taking the electric-car firm private, a move he claimed was the "best path forward" for the company. Musk announced the plan on Twitter and said investors backed it, though it requires a shareholder vote. Joe Saluzzi of Themis Trading in New Jersey gives his reaction. Also in the programme, as Britain's trade secretary Liam Fox warns that a 'no-deal' Brexit is now more likely than not, we discuss the implications with Roger Bootle of Capital Economics, and Thomas Cole of Open Britain. Disney posted disappointing earnings, prompting a 2 per cent drop in its share price. Anthony Ha of Tech Crunch explains why things are still looking up for the company.Plus we have a report from Stockholm where growing numbers of Swedes are paying to have microchips inserted under their skin, to help with accessing locked doors and in place of rail tickets.

(Photo: Elon Musk pointing. Credit: Getty Images.)

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27 minutes

Last on

Tue 7 Aug 2018 22:32GMT

Broadcast

  • Tue 7 Aug 2018 22:32GMT