gyangranth.co.in

Tag: Elon Musk

  • Indian Business tycoon Gautam Adani about to dethrone Bill Gates in world top Billionaire 4th position.

    According to the Bloomberg Billionaires Index, Gautam Adani has a net worth of $120 billion and is ranked 5th. At the same time, talking about Bill Gates, he is the 4th richest billionaire with a net worth of $ 123 billion.

    Gautam Adani, who recently broke into the top 5 richest billionaires of the world, can anytime overtake Bill Gates in coming days. Indeed, the wealth gap between Adani Group chief Gautam Adani and Microsoft founder Bill Gates has narrowed once again. Let us tell you that the wealth of both the billionaires had become equal in the past.

    How much is wealth difference between Adani and Gates: According to the Bloomberg Billionaire Index, Gautam Adani’s wealth is $ 120 billion and his ranking is 5th. At the same time, talking about Bill Gates, with a net worth of $ 123 billion, he remains the 4th richest billionaire. The important thing is that Gautam Adani’s wealth is increasing for the last few months & the meteoric rise of many of his companies share price in recent months had boosted Adani’s wealth, while Bill Gates’s wealth is decreasing since last year starting with his expensive divorce in the month of May,2021 when his net worth was $148 billion.Further Adani group is an Indian conglomerate and have multiple ventures in numerous sector starting from seaports, cooking oil, staple food,green energy,construction,power & transmission,software,airport operation,etc & its continuously expanding where as bill gates have is mainly into software.

    Talking about the top 3 billionaires, Elon Musk tops the ranking with $247 billion. Apart from this, the wealth of Amazon’s Jeff Bezos is $ 139 billion and he is in second place. Bernard Arnault is in third place. Bernard Arnault’s net worth is $124 billion.Another Indian buisnessman Mukesh Ambani is at 10th position with an estimated net worth of $ 96.4 billion.

    To know the top 500 billionaire on earth please click on the link below

    https://www.bloomberg.com/billionaires/

  • Elon musk the Tech Emperor of the world is about to conquer a new tech kingdom i.e twitter.

    14th april 2022 twitter algorithm found two words trending elon musk & the other was twitter itself because the american tech baron elon musk had offered 43 billion$ in cash deal to buy out twitter.It was a day which a lot of twitter employee feared since elon musk declared his twitter share holding on 4th of April and was subsequently invited to be a part of its board which he accepted and then cleverly denied.

    Then why do musk denied to be part of twitter board.

    Answer is Elon musk is a good learner.He had learnt from his earlier mistakes in tesla.In the year 2018 he had openly declared that Tesla which is termed as a public company in US stock exchange would become private.Basically he wanted to make it private and offered $70 billion at a rate of $420 per share.He continuously dropped social media bombs by tweeting that he had secured funding too for this purpose.

    In that process to make Tesla his private company he thought he was acting smart as immediately after his tweets Tesla shares price began to drop which he expected as he wanted to increase his 17 ℅ stake holding to a comfortable level for claiming single handed commanding position in Tesla which he loves. But all his efforts went into vain as US Stock Exchange Commission popularly known as SEC was quick to act as it considered his social media adventure as illegal and effectively bard him from acquiring any further shares of Tesla. SEC went a step further and Musk was legally handed over a list of issues related to tesla motors on which he have to take prior permission before writing anything over social media platforms.

    Like a good high school student Musk learnt well from the Tesla episode of 2018 from SEC teachers.

    Twitter share jumped 35% on musk highest share holding declaration.

    As now when he had set his eyes to conquer the technologically advance social media platform twitter he is using his previous experience to take over twitter easily by playing with the US SEC laws.His play to take over twitter started from january 2022 as he started buying twitters shares. He halted for a while at the end of March as he reached the threshold 5% holding of twitter and as per US SEC laws any one having more than 5% holding in any US publically listed company has to declare his holding to SEC as well to the public.Actually he was unsure the way twitter share would move after this declaration as he wanted to become highest share holding person of twitter.So he took 4 days to inform SEC and by 4th April 2022 he had acquired 9% share of twitter and became the single largest holder of twitter.

    By 8th April musk was invited to be the part of the board which he first accepted and then later rejected when he realised that once he is a board member he cannot exceed 14.5% share holding limit. He simply rejected the offer and a $43 billion deal to buy out twitter.

    Elon musk reply to a saudi prince.

    He is also not expecting a downfall in share price to have a good deal and that’s why he had started questioning the operational algorithm and openness of twitter.His offer of 43 billion at a rate of $54.20 shows his feeling of uncertainty related to share price as he wants to buy out twitter before any more share price surge.

    Online voting started by elon musk

    Conclusion

    As Elon musk has started an online poll and asking people weather taking twitter private shall be decide by board or by the share holder’s.So this article is for all those who are unable to decide what to vote.As musk had not made several things clear like what will happen with employee,professional culture of twitter & mainly he should not use the platform to silence his critics.

  • Welcome to India Tesla

    Finally the wait is over and the world renowned company owned by world’s second richest man Elon Musk is ready to enter India. According to a Registrar of Companies it has filed for a new entity Tesla India Motors and energy Private Limited . It is reported thatTesla has registered itself as a Company in Bengaluru with its registered office in Lavelle Road.

    Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein are listed as Directors of the newly formed company. As per the ROC of the Ministry of corporate Affairs the company has been incorporated as a Subsidiary of foreign Company which could be Tesla Inc.

    It is also reported that the company will first launch its fully electric Model 3 Sedan in the country which would be priced around Rs 60 lacs. Earlier in October 2020 Elon Musk himself had said in response to a question by Tesla Club India if there is an India team working on the next year for sure scheduled Tesla entry that the process to bring Tesla cars to India would begin in January 2021.

    In December Nitin Gadkari, the union Minister for road Transport and Highways confirmed that Tesla is coming to India but will first start off with sales and then look at assembly and manufacturing based on the response it receives.

    Recently Elon Musk gained first spot on Forbes World’s Richest list but soon slipped to second position behind Amazon CEO Jeff Bezoz.