Michael Grimes has reportedly been recruited to lead the sovereign wealth fund being pushed by U.S. President Donald Trump – he is known as a key dealmaker in the investment realm and also for his role in Elon Musk's acquisition of Twitter.
Elon Musk recently told those gathered at the Morgan Stanley Technology Media & Telecom conference that anything that can be privatized should be privatized. Among the agencies Musk would like to see privatized are Amtrak and the U.S. Postal Service.
Elon Musk said he believes that the U.S. should “privatize anything that can be privatized," including Amtrak and the Postal Service.
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Tesla rises 2% as Morgan Stanley backs AI, robotics efforts with 'top pick' status
Morgan Stanley sees Tesla stock reaching $430, reinstates as top pick over AI, robotics play
Tesla shares rose 2% on Monday as Morgan Stanley analyst Adam Jonas said he sees shares of the EV giant rising to $430 as it diversifies into artificial intelligence and robotics.
Elon Musk Has Driven Tesla Stock Off a Cliff. Morgan Stanley Still Thinks It’s a Top Pick.
Speaking at a Morgan Stanley conference, Musk said the state of passenger rail in the US is "embarrassing."
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