The Tesla Stock Exchange jumps after Elon Musk says it’s “impossible” to take the company out of business now

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was in a wild race this year. Whatever happens in 2021, one thing is for sure, the market will be along the way.

This is according to Tesla (ticker: TSLA), CEO Elon Musk, who he said on Twitter that depriving the company of electric vehicles is “impossible now”.

Musk’s comment was in response to a Christmas Eve tweet about the best allocation of his time and resources, in which the CEO also said that “the company’s engineering, design and general operations absorb the vast majority of my mind and I’m the fundamental limit to do more. “

Longtime Tesla fans will remember the frenzy of speculation that Musk started in August 2018, when he said he was considering privatizing Tesla when his shares reached $ 420. The comment threw him into the Securities and Exchange Commission, and his agreement with the agency meant he had to step down as chairman.

With this year’s huge action rally, Musk’s mistakes are probably long forgotten among the Tesla bulls. His remarks helped lift the stock on Monday. Tesla shares rose 2.3% to $ 677.13 in recent trading, up more than 700% to date. The stock joined

S&P 500

last week.

That being said, Musk fans who are hoping for the opportunity to invest more with the entrepreneur may still have a chance, despite the constraints that

Musk also said on Twitter that Starlink, his satellite internet company, could become public in the future, when its growth is more predictable, which he also said.

Separately, Musk wrote on Twitter that he was meeting with Larry Ellison, the executive president of

Oracle

(ORCL), in Hawaii, to “ask for advice” and would return to Tesla on Tuesday.

Write to Teresa Rivas la [email protected]