Elon Musk, the CEO of Tesla and the world’s richest person, offered to sell $6 billion worth of his Tesla stock instantly if the United Nations can prove and certify that $6 billion will solve world hunger. His statement came after the director of the United Nations World Food Program (WFP), David Beasley, challenged the world’s ultra-rich – and specifically the world’s two wealthiest men Musk and Jeff (the Amazon founder) – in an interview with CNN to call on them to step up now on a one-time basis to help combat world hunger and starvation.
After a UN official said 2% of Elon Musk’s wealth could help save 42 million starving people, Elon took to Twitter to suggest he’d give them the money if the UN’s World Food Program could describe exactly how $6 billion will solve world hunger. pic.twitter.com/tCeGuOxVVC
— IGN (@IGN) November 2, 2021
Beasley said in the interview that world ultra-billionaires could donate $6 billion to help forty-two million poor people globally that are literally going to die if the world does not reach them. According to Forbes, that money would be around two percent of the fortune of the world, approximately $300 billion. His wealth, along with other American multi-billionaires’ wealth overgrown during the coronavirus pandemic. Musk tweeted that if World Food Program can describe on his Twitter exactly how &6 billion will solve global hunger, he will sell Tesla stock right now and do it.
How much World Food Program receive in 2020?
Moreover, the billionaire added that the process must be open-source accounting, so the public sees precisely how the donated money was spent to remove starvation. In response, Beasley replied to the Tesla CEO’s Twitter post and said he could assure Musk that the WFP had the systems in place for open-source accounting and transparency. He added that your team could review and work with WFP to complete confidence of such.
In 2020, WFP received around $8.4 billion in donations but according to it was $5.3 billion short of its requirements. Its top donor countries include the United States, the United Kingdom, and Germany. Beasley also said while responding to Musk’s Tweet that writing $6 billion will not solve world starvation, but it will prevent mass migration, geopolitical instability and save forty-two million people on the edge of hunger. An extraordinary crisis and a perfect storm because of coronavirus, conflict, and climate crises.
If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.
— Elon Musk (@elonmusk) October 31, 2021
In the end, he offered to meet with the millionaire to discuss the matter. Musk also asked in a Twitter reply to publish the current and future spending in detail so the public across the world can see exactly where the money goes. According to Billionaire Index, as of Monday, Musk had a net worth of around $311 billion, which made him the richest man globally. Furthermore, the net worth of United States billionaires doubled since the outbreak started, standing at around $5.04 trillion in October, according to Americans for Tax Fairness and Institute for Policy Studies.
Tesla Surpasses $1 Trillion Market Value
Last week, the market valuation of Tesla exceeded the $1 trillion mark, and it became the sixth company in the United States to reach this milestone and the second fastest to achieve this landmark after Facebook. It also puts Tesla in select companies with Facebook, Apple, Google, and Amazon, all of which market caps more than $1 trillion. Shares pushed higher on 25th October on many news stories related to the company, including that rental giant Hertz agreed to acquire one hundred thousand EVs from Tesla.
The deal, which will push the automaker EV offerings to twenty percent of its international flee, is reportedly worth $4.2 billion. Furthermore, Tesla Model 3 automobiles will highlight in the Hertz rental inventory as soon as next month in major United States markets and select cities in Europe. Tesla also generated around $13.76 billion in revenue in the 3rd quarter, a fifty-six percent increase from the $8.77 billion it previously reported for the same duration last year. Revenue was also fifteen percent higher than the $11.96 billion reported in the 2021 second quarter.
Since January, the shares of Tesla have grown over forty percent – or approximately $300 – in value, despite some clamor at the starting of the year. In addition, the automobiles company managed better than some of its peer companies during the shortage of semiconductors that left firms shrinking production as they waited for more chip supplies. At that time, Tesla managed to deliver around two hundred forty thousand vehicles in the 3rd quarter, seventy percent greater than it did during the same period last year.