Elon Musk, the CEO of Tesla, recently sparked speculation among shareholders when he hinted at the possibility of purchasing MSNBC. The rumors began circulating after Comcast announced plans to spin off its cable news channels, including CNBC and MSNBC, into a separate entity. This move led to speculation that MSNBC, known for its left-leaning reporting, could be up for sale.
In a series of posts on the social media platform X, Elon Musk engaged in a conversation with Donald Trump Jr., who suggested that Musk should consider buying MSNBC. Musk responded with a laughing emoji before asking, “How much is it?” This exchange caught the attention of social media users, as Musk had previously shown interest in acquiring Twitter, which he eventually did in 2022 for $44 billion.
Musk’s interest in potentially purchasing MSNBC has divided opinions among Tesla shareholders. As a significant portion of Musk’s net worth is tied to his Tesla holdings, any move to acquire a cable news network would likely require him to sell some of his Tesla stock. This scenario played out when Musk purchased Twitter, resulting in retail Tesla shareholders experiencing losses.
Despite the polarizing reactions from shareholders, Musk seemed to add fuel to the fire by hinting at the possibility of acquiring MSNBC in a follow-up post on X. He mentioned that “The most entertaining outcome, especially if ironic, is most likely.” This statement further fueled speculation about Musk’s intentions and the potential impact on Tesla’s stock value.
While Musk’s jest about purchasing MSNBC may have started as a lighthearted conversation, it has raised concerns among some Tesla shareholders. As the situation unfolds, it will be interesting to see how Musk’s actions and decisions regarding media acquisitions could impact both Tesla and the wider business landscape.
As the story continues to develop, stay tuned for updates on Elon Musk’s potential venture into the world of cable news and its implications for Tesla and the media industry.