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Viewsroom

Viewsroom: Tesla’s wild and crazy ride

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 9 August 2018

⏱️ 17 minutes

🧾️ Download transcript

Summary

CEO Elon Musk’s tweet about wanting to take the company private is causing a stir. Unorthodoxy aside, its volatile boss and weak corporate governance means Tesla is better off the public roads. Plus, Pakistan’s likely new leader Imran Khan will have to go hat in hand to the IMF. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The views expressed on this podcast are those of the participants, not of Rogers News.

0:10.0

Elon Musk drives down a highly unusual road to take Tesla private and the likely new Prime

0:15.7

Minister of Pakistan, former cricket star Imran Khan. The first task is to go hat and hand for money to bail out the country. These are the topics we'll be discussing on this week's edition of the Views Room, a weekly conversation among breaking views columnists about the ups and downs of the world of finance. I'm Jennifer Sabah, and I'm here as always with my co-host, Anthony Curry. Hey, Anthony. Good-day. Later in the program, we're going to

0:38.4

hand it off to our colleagues in Asia. But first, we're going to turn to the latest stir caused

0:42.7

by Tesla's Elon Musk. Yesterday out of the blue, he tweeted the following. Quotes,

0:48.6

am considering taking Tesla private at $420. Funding secured. Okay, Anthony, what was going through your mind when you

0:58.0

saw this tweet go through your feed? Well, I've got to be honest, the first thought, just looking

1:01.8

at the price tag on. The first was like, what are you doing this on Twitter for? Or hang on,

1:05.9

420. It's a joke about weed. It has to be. 4-twenty is that is well-known number for marijuana.

1:13.1

To some.

1:14.3

Yes. I mean, I'm obviously getting this from my boss, not from anyone else. I had to ask him about it.

1:19.8

But yeah, it sounded like just another one of Musk's jokes that he makes.

1:23.6

You know, he did one about going bankrupt a few months ago with him passed out on one of the hoods

1:28.5

of one of his cars. But then it quickly became apparent that he was actually, it was actually

1:33.8

him tweeting it and he was being honest and serious about actually wanting to do this. And he

1:37.9

has said in the past, look, we'd be better off as a private company. Okay. So he comes out

1:43.2

with this tweet.

1:48.7

He goes on a blog post and talks to his employees about this.

1:53.9

All that said, it's still highly, highly unusual how he went about this. And, you know, he is known for going on Twitter and doing like bonkers things.

1:59.6

But it is sort of like, wait a minute, this is beyond

2:02.4

all the other crazy things you have done.

2:05.3

This is like serious.

...

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