Editor's Note: We are always on the lookout for the latest financial news to share with you. Below is a special message from our colleagues over at Rogue Economics that we found particularly insightful. Jeff Clark's Market Minute Reader, Forget about Elon Musk buying Twitter. Because there's a bigger story brewing behind the scenes at Tesla. In short, Musk is taking Tesla in a new direction. He says it will be worth "probably several times that of what the car business is per year"... and could soon be 50% of Tesla's business. He's already invested over $10 billion in this new venture (so far). And it could be well worth it. Because at stake is an emerging trend Forbes reports will be worth $130 trillion. But Musk isn't the only billionaire vying for all this money. You see, five of the world's richest men are backing a tiny small-cap that could wreck Elon Musk's plans for Tesla's future. And get this... This tiny company doesn't cost hundreds of dollars like Tesla. Right now, it trades for around $4. The opportunity is off the charts. Which is why one expert on CNBC said, "You can follow the money... all the investors are smelling it." So why are 5 billionaires - Bill Gates, Jack Ma, Richard Branson, Michael Bloomberg, and Jeff Bezos - betting this tiny $4 company could derail Tesla's plans for the future? Former Goldman Sachs executive Nomi Prins has put together a quick 30-second demonstration to answer that question. Click below to watch it... Maria Bonaventura Senior Managing Editor, Rogue Economics |
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