The two technology giants Elon Musk and Mark Zuckerberg of Silicon Valley have clashed against reopening the state during the COVID-19 crisis. A lot of investors and shareholders of their companies making a bet that the price of their shares will increase when they start up their business again after lockdown.
Elon Musk and Mark Zuckerberg have different views to battle to control the coronavirus and ease the lockdown in the state. Now Covid-19 has also shown a spotlight between two tech tycoons.
The contrast was seen as clear as a mirror between the two tycoons of the state, usually, they act too sober, perhaps even somnolent. After seen the outcomes from their latest financial results of both companies arrangement of analysts conference is expected.
As the Elon Musk CEO of Tesla and SpaceX has a different opinion about reopening the state and starting the business and he told very clearly via multiple tweet on Tuesday. A detailed report on his views is already published by us. You can read his tweets, views clearly from Elon Musk Tweets Lets join ‘Freedom Marathon’ against US Lockdown-What comes Next???
But Mark Zuckerberg who is Facebook‘s founder has a different opinion on the revive of economy and US lockdown lift decision.
He was talking about the earnings of his company, that fall in losses but still, he managed to please his investors instead of warning them that the business at the moment is going through a situation where “there is an uncertainty like never before” due to pandemic situation.
He expressed his feelings regarding this pandemic situation as, “I feel very concerned about this pandemic situation because this is the challenging moment for the world”. If we ease lockdown too early before infection rates go way down then it “will guarantee future outbreaks.” It is really a bad idea for both public health and the economy”.
Now you can say that it is easier for Mark Zuckerberg to have this stance as his employees doing a great job of keeping Facebook ticking over from home, While the Tesla staff will not be able to do their work from home as they can’t build cars in their backyards, with its main factory closed.
The share value were already in peak and upcoming results clearly show that the shares will get a more rise.
Tesla sold 367,500 cars in 2019, which has more market value close to $150bn (£120bn). He earns four times greater than the giant US manufacturer GM, which sold about 7.7 million cars last year.
Zuckerberg and Musk’s have different opinions about reopening of society, so as on the discussion of this contagious disease that has evolved through out the globe. Zuckerberg appreciated 95% of his employees who are working from home . Chief Operating Officer Sheryl Sandberg talked about the $100 million grant program Facebook has started to help 30,000 small businesses around the world. Also he said that this year the Facebook is still hiring about 10,000 employees as many of the companies are furloughing their workers.
Also he looks upon to hit the target sets by his board for boosting the company value. Through this it will be a great opportunity to earn a profit of about $740m on stock options.
Reported by BBC-News