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World Business Report: First broadcast 2018/08/07 22:32 GMT: Elon Musk Considering Taking Tesla Private

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Elon Musk Considering Taking Tesla Private

First broadcast 2018/08/07 22:32 GMT

First broadcast 2018/08/07 22:32 GMT: Elon Musk Considering Taking Tesla Private

BBC World Service - World Business Report, Elon Musk Considering Taking Tesla Private

The Tesla boss claims taking the comany private the "best path forward" for the company.

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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First broadcast 2018/08/07 22:32 GMT: Elon Musk Considering Taking Tesla Private

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