Tesla Sells Another $5 Billion in Stock and Smartphones Will Now Track Your Encounters with Other People.
On Tuesday, Google and Apple have both announced that upcoming versions of the IOS and Android operating systems will include the companies Covid-19 notification system. The decision comes as a way for people to better adopt the new tracking system in order to improve its effectiveness.
The notification system uses Bluetooth signals from smartphones that have opted-in to track how close two phones are to each other and for how long, without collecting the location or identity of user. This will allow devices to send push notifications to other participating phones that they may have been exposed to, in the event that one tests positive for Covid-19.
Tesla’s stock price has been skyrocketing right alongside Elon Musk’s SpaceX rockets. To take advantage of the recent strength in their stock price, Tesla has revealed plans to raise up to $5 billion through a program to sell more shares of the company.
The classic Wall Street brokerages, Goldman Sachs, Bank of America and Morgan Stanley will be serving as sales agents for the stock selling program. With a market cap of $464 billion, this sale represents only a small fraction of the company’s current market value. Is this just a way to take advantage of their freshly high valuation?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.