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TESLA, INC.

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U.N. food chief urges Bezos, other billionaires to step up to help world's starving

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09/17/2020 | 10:18pm EDT

UNITED NATIONS, Sept 17 (Reuters) - U.N. food chief David Beasley called on the world's billionaires on Thursday to step up to help save some 30 million people he said are at risk of dying if they don't receive help from the World Food Programme.

Globally some 270 million people were headed toward the brink of starvation and WFP hopes to reach 138 million people this year, Beasley told the U.N. Security Council

"We need $4.9 billion to feed, for one year, all 30 million people who will die without WFP's assistance," Beasley said, noting that there are some 2,000 billionaires with a net worth of $8 trillion and several made billions during the pandemic.

"I am not opposed to people making money, but humanity is facing the greatest crisis any of us have seen in our lifetimes," said the former South Carolina governor.

The combined wealth of America's billionaires jumped over 19% or by half a trillion since the outbreak of the novel coronavirus pandemic in the United States, according to a report published by the Institute for Policy Studies (IPS) in June.

In the 11 weeks from March 18, when lockdowns started in some U.S. states, Amazon.com Inc founder Jeff Bezos saw his wealth soar by about $36.2 billion, while Facebook Inc CEO Mark Zuckerberg's fortune surged by about $30.1 billion. Tesla Inc Chief Executive Elon Musk's net worth also rose $14.1 billion.

"It's time for those who have the most to step up, to help those who have the least in this extraordinary time in world history," Beasley said. "The world needs you right now and it's time to do the right thing." (Reporting by Michelle Nichols; editing by Grant McCool)


Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -5.45% 3036.15 Delayed Quote.64.31%
FACEBOOK INC -6.31% 263.11 Delayed Quote.28.19%
IPS CO., LTD. -1.70% 809 End-of-day quote.-8.48%
IPS, INC. -4.48% 2025 End-of-day quote.58.20%
TESLA, INC. -5.55% 388.04 Delayed Quote.363.80%
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Financials (USD)
Sales 2020 30 724 M - -
Net income 2020 1 241 M - -
Net cash 2020 1 780 M - -
P/E ratio 2020 313x
Yield 2020 -
Capitalization 368 B 368 B -
EV / Sales 2020 11,9x
EV / Sales 2021 8,27x
Nbr of Employees 48 016
Free-Float 79,9%
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Technical analysis trends TESLA, INC.
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 38
Average target price 368,84 $
Last Close Price 388,04 $
Spread / Highest target 49,0%
Spread / Average Target -4,95%
Spread / Lowest Target -79,4%
EPS Revisions
Managers
NameTitle
Elon Reeve Musk Chief Executive Officer & Director
Robyn M. Denholm Chairman
Zachary Kirkhorn Chief Financial Officer
Kimbal Musk Director
Ira M. Ehrenpreis Independent Director
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