1. Elon Musk Takes Tesla Private
Elon Musk is considering taking Tesla from public to private; a big announcement made over a small tweet. The idea is to go private at $420/share in order to focus on long-term goals and not let the public skew Tesla’s decisions by trying to meet quarterly financial goals.
He also outlines 3 points of what this move would mean to shareholders and employees:
- Give shareholders a choice as to whether they want to continue investing in the company or buy out.
- He wants all employees to remain shareholders of the company.
- The intention is not to merge SpaceX and Tesla, even though the structure for Tesla is envisioned to be similar to SpaceX.
2. Buy Booze with a Tap of a Finger
Clear is a company that uses biometrics to allow you to clear security lines faster and easier. You may have already used the technology for PreCheck at airports. Now, the fingerprinting and eye-scanning machines will be stationed at sports stadiums for security lines, concessions, and surprisingly, alcohol — meaning you don’t need an ID or card to buy. According to a 2011 study, 48% of fans consume alcohol at sporting events. In 2016, alcohol sales spiked more than 70% during The University of Texas’ football season, generating $3.1M in revenue. We can only imagine that this number will spike as lines will only exist on the field. Boozy.
(Source: CLEAR & The Hustle)
3. Meteor Shower Sunday
It isn’t “The Great American Eclipse,” but you will be able to see these meteor showers at night, without special glasses. The Perseid meteor shower, which happens each year after Earth passes through leftover comet dust, is expected to peak August 12th at 10 a.m. CT. You may be able to see these meteors — 60 to 70 to be exact — if you’re in a light-pollution-free rural area with nice weather. According to Space.com, the Perseid meteor shower “will be particularly spectacular this year because the moon will be a thin crescent and set early, leaving a dark canvas for the meteors’ bright streaks and fireballs.”