Why mining companies could be Musk's next target
Elon Musk is extremely busy. Despite the fact that Twitter was soon acquired, his car company Tesla (TSLA) $Tesla(TSLA.US)$ However, news is circulating that there is a possibility that they are trying to acquire shares of one of the world's leading mining companies on a large scale.
The Financial Times reports that Tesla began preliminary negotiations with Swiss product company Glencore (GLNCY) last year to acquire 10% to 20% of shares in the same product company. The negotiations continued until March of this year. However, this discussion did not lead to a deal. The main hurdle appears to have been whether Glencore's large-scale (and highly profitable) coal mining operations are compatible with Tesla's environmental goals.
Below are the reasons I think Musk is likely to continue with this deal.
Why Tesla wants Glencore shares
The reason behind the discussion is clear. Tesla is one of every other car manufacturer...