Cocaine Back In Coke Bottles If Elon Musk Would Own The Coca-Cola Company
Cocaine back in coke bottles? There is now an ongoing discussion after Elon Musk has stated on his tweet that he would like to purchase Coca-Cola in the near future and has promised to put cocaine back into the company's coke bottles. Funny as it seems to many, but most of us know that anything that an Elon Musk would say could actually happen. Especially when he actually bought Twitter recently for $44 billion.
It is a contentious topic that has been argued for these past few days. Many people oppose Elon Musk's plan because they believe it would be a conflict of interest for him to buy Coca-Cola and improve its taste when he already controls large corporations. But before we get into this whole fuss, let us talk about Elon Musk first.
Who Is Elon Musk?
Elon Musk is a South African-born American business entrepreneur, businessman, engineer, and inventor who has made his fortune in the United States. In 1963, Elon Musk was born in Pretoria, South Africa, to Maye Musk (née Haldeman), an American homemaker from Missouri, and Errol Musk, a Canadian engineer from Regina who served on the Manhattan Project's radar research team during World War II. He studied at Queen's University in Kingston before moving to Canada in 1989.
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In 1995 he moved to the United States where he had a brief stint with Compaq then Elon and his brother Kim founded Zip2 Corporation which developed online publishing software for newspapers after attending Queen's University in Kingston, Ontario, for a year.
In 2002 Elon Musk was awarded by Inc. Magazine and he was named Entrepreneur of the Year, a distinction that celebrates entrepreneurs who have achieved significant success within their respective fields. In addition to becoming a successful entrepreneur, he has also made significant contributions to the advancement of several professions.
Currently, Elon Musk is a commercial magnate who also happens to be an investor, an engineer, and an inventor. In addition, he is the co-founder, CEO, and product architect of Tesla Inc.; co-founder, CEO, and product architect of OpenAI; co-founder of Neuralink; co-chairman of SolarCity; chairman of The Boring Company; and co-founder, CEO, and product architect of OpenAI. A very successful man indeed. Now let us talk about the company he apparently wants to buy, Coca-Cola.
The Coca-Cola Company
Coca-Cola is one of the most popular drinks in the world, and it has been around for more than 100 years. It is also one of the most expensive. Coca-Cola was created by John Pemberton in 1886, and was initially known as "Koke" (cocaine). It was initially marketed as a patent medicine for the treatment of headaches and other ailments. Following its introduction at drugstores, it quickly gained popularity among soda fountains and restaurants, which began to offer it as an alternative to water or seltzer.
It was on May 8th, 1892, that Atlanta chemist Asa Candler purchased the formula for eight cents and called it "Coca Cola." This marked the beginning of Coca-Cola's history.
In the 1920s, Coca-Cola became a popular beverage, although there were only 6 million people who consumed it worldwide at the time. By the year 2000, it has surpassed all other soft drinks to become the world's most popular. Coca-Cola was originally offered in stores in the 1920s, and it was not available in public locations such as restaurants and bars at the time. According to common belief, Coca-popularity Cola's can be attributed to its taste, marketing approach, and container design.
The beverage industry is ever-evolving, and new marketing strategies are always being adopted. Coca-Cola has also had to alter its marketing tactics in order to remain competitive. In the last few years, Coke has seen a number of modifications, from the style of their cans to their marketing campaigns. Although this has led to a decrease in sales, they have become one of the most successful brands in existence.
Coca-Cola is now available in over 200 countries and territories worldwide. The company has had many different owners throughout its history and has been known for its advertising campaigns. But who owns the company?
Who Owns Coca-Cola?
An investor group led by Ernest Woodruff purchased the company for $25 million three decades later after Asa Griggs Candler who bought the secret formulas and brand in 1889 resulting in the company being listed on the New York Stock Exchange.
The Coca-Cola Firm is now a publicly traded company, which means that it is owned by thousands of shareholders and investors around the world. The company's largest shareholder, though, is Warren Buffett, a well-known American businessman.
Could Elon Really Buy Coca-Cola?
Elon Musk is considered as the richest person in the planet now. It is no doubt, Elon, whether he is joking or not, has a huge potential to buy almost anything he wants. But the big question is, how possible he could actually do it. We need to consider 3 things.
#1 Coca-Cola's Cost
Coke is widely regarded the world's most valuable beverage, and its brand was valued at $87.6 billion in 2021, according to the most recent data available from Statista (www.statista.com). On Thursday, the Coca-Cola Company's stock market valuation surpassed $285 billion, which is nearly as much as Musk's estimated net worth in total with an estimated net worth of $289 billion, according to Bloomberg. So going back to the question if Elon could buy the company, the answer is a yes. But knowing its value it is more reasonable to think that Elon would not do the risk.
#2 Coca-Cola's Perspective About Selling The Company
Warren Buffett, an American billionaire, is the company's largest shareholder and the company's chairman. For the past 17 years, Buffett served on the Coca-Cola board of directors, and he has indicated that he will never sell a share of the company's common stock. It is no surprise since the beverage behemoth Coca-Cola (NYSE:KO) has been a continuous holding for Buffett's company since 1988, with its $1.68 annual payout set to deliver $672 million in dividend income. So it would take a little bit of time and some serious negoatiations if Elon would pursue his desire to buy the company.
#3 Cocaine Issue
Going back to Elon's tweet, his main reason for buying the company is to put back the cocaine ingredient in coke bottles again to bring back its former glory. Cocaine is a powerfully addictive stimulant drug made from the leaves of the coca plant native to South America. Although health care providers can use it for valid medical purposes, such as local anesthesia for some surgeries, cocaine is an illegal drug. Yes it was one of its main ingredient before, but the possibility of it being part of the drink once more is nearly impossible. At the time, the drug was not considered illegal, according to the National Institute on Drug Abuse. In the 1900s, cocaine was removed from the soft drink, and it is highly improbable that it will ever return to the beverage.
A number of changes in the beverage sector are having an impact on how Coca-Cola market and sell their products. Craft beer sales are on the rise, soda taxes are in effect, and people are becoming more health conscious making it a bit harder for the Coca-Cola company. Meanwhile Elon Musk's wealth is becoming greater and greater, given these situations, things may change in the future. Who knows, the next time you check Coke's website, you'll see Elon Musk's name as the owner.