Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Tesla Motors Inc. (TSLA) Joins Google Inc. (GOOGL) and Facebook Inc. (FB) In Pushing For Reliable Affordable Internet Connection

Tesla Motors Inc. (NASDAQ:TSLA) CEO, Elon Musk, has joined his counterparts at Google Inc. (NASDAQ:GOOGL) and Facebook Inc. (NASDAQ:FB) in pushing for affordable internet connection around the world. Bloomberg’s Emily Chang reports that the three tech companies are in a race against time to connect over two-thirds of the world population that does not enjoy reliable internet connection.

Elon Musk

“This is a control for the future of the internet and yes Elon Musk, Google Inc. (NASDAQ:GOOGL) Facebook Inc. (NASDAQ:FB) they all want a piece of it. They know that the growth in potentially future users will come from this people who aren’t even online yet,” said Mrs. Chang.

Google Inc. (NASDAQ:GOOGL) already has over one billion users worldwide but would wish to increase the same to a new high, having already reached peak levels in developed countries. Facebook on its part wants to make internet affordable for people around the world so that it can be able to enhance its ads campaign on its social platform.

Chang reports that Google Inc. (NASDAQ:GOOGL) and Tesla Motors Inc. (NASDAQ:TSLA) are focusing on people in remote areas who are not that close to towers where they can be able to access reliable internet connection. Google is reportedly working on broadband balloons that will be used to bring internet network to some of these remote areas. Tesla Motors Inc. (NASDAQ:TSLA)’s CEO, Elon Musk is, on the other hand, pushing for a fleet of satellites that will be used to deliver low-cost internet access to these remote areas.

Google Inc. (NASDAQ:GOOGL) has already acquired Titan aerospace that is developing solar-powered drones that are to be used to provide internet connections to some of the most remote areas in the world.

“Facebook Inc. (NASDAQ:FB) in addition to this mobile partnership that Mark Zuckerberg is talking about is also working on drones and lasers. The question is, who is going to get there the fastest? and once they have that power to reach these people around the world how do they use that power,” said Mrs. Chang.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!