Musk also follows the example of Google and Facebook to set up a holding parent company for Tesla?

According to reports, Google and Facebook both develop new businesses by setting up holding parent companies. Will Tesla follow suit? The answer given by Tesla CEO Elon Musk is: still under consideration.

As early as 2015, Google announced the reorganization of the company’s structure. By creating a parent company called “Alphabet”, Google (including search, YouTube and other online subsidiaries) was separated from the R&D investment department and became a wholly-owned subsidiary of Alphabet. company.

At the end of October this year, Facebook announced that it was renamed “Meta”. All technologies and applications of the original Facebook will be integrated into the new company brand. Although the company structure has not changed, the financial reporting method will be changed. From the fourth quarter of 2021, Facebook Reality Labs, its hardware department responsible for augmented reality (AR) and virtual reality (VR), will become an independent reporting department, separate from the App series of products.

In December last year, one of Tesla’s long-term shareholders, Dave Lee, suggested that Musk establish a holding company called “X” to unify the management of Musk’s companies, including Tesla and Space. Discovery technology company SpaceX, brain-computer interface research company Neuralink, and tunneling company The Boring Company.

David Lee believes that the establishment of a holding parent company will make it easier for Musk to manage his own business and start a new business. He said: “X’s mission is to ensure that mankind continues to survive and progress. It may become the most important company in human history.”

In this regard, Musk’s response at the time was: “good idea”.

Today, David Lee posted this post he published last year (December 23, 2020) on Twitter again, saying “This is the most controversial tweet I have ever posted.”

For this tweet from David Lee, Musk replied with a “thinking” expression today. This means that Musk did not rule out the possibility of establishing a holding parent company.

Analysts said that if Musk really decides to establish a holding parent company, he can follow Google’s original model. The biggest difference between the two companies is that SpaceX, Neuralink and The Boring Company are all independent entities that exist outside of Tesla.

It is worth mentioning that Musk Chacha owns the domain name X.com. In July 2017, Musk announced on Twitter excitedly that he had officially released his X.com website. As at the time, the website does not currently have any substantive content, only the letter “X”.