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Six days later, Musk sought to clarify his position with a statement in which he pointed to discussions with the managing director of the Saudi Arabian sovereign wealth fund as the source of his "funding secured" declaration.
After a campaign marked by intensifying efforts by Mr. Maduro’s allies to rein in the opposition — including arrests of opposition campaign workers, intimidation and vote suppression — the opposition bet heavily on an effort to have supporters on hand to get a physical printout of the voting tally from every voting machine after the polls closed.
That would stunt the economic recovery, and is likely to lead to another wave of migration from a nation that has seen the exodus of one in five citizens in the past decade.
On August 24, one day after meeting with the board, Musk announced that he had reversed course and would not be taking the company private. Among his reasons, he cited the preference of most directors to keep Tesla public, as well as the difficulty of retaining some of the large shareholders who were prohibited from investing in a private company.
He revealed that SpaceX was aiming to launch the first cargo missions to Mars with the vehicle in 2022, as part of his overarching goal of colonizing the Red Planet.
In an email to employees, Musk explained his decision to eliminate some "duplication of roles" to cut costs, admitting it was time to take serious steps toward turning a profit.
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Musk’s tweet initially sent Tesla stock spiking, before it closed the day up 11 percent. The CEO followed venezuela up with a letter on the company blog, calling the move to go private "the best path forward.
That’s not for a lack of potential challengers, or because of any great affection from voters. It’s because he’s the only politician with the means for a campaign and a guaranteed spot on the ballot.
Nicolas Maduro does have some loyal supporters still, known as "Chavistas" after his mentor Hugo Chavez and the brand of socialism he created.
The Economist Intelligence Unit stated that during Maduro's presidency, the country's democracy deteriorated further, with the 2017 report downgrading Venezuela from a hybrid regime to an authoritarian regime, the lowest category, with an index of 3.
A former lawmaker, she maintained a somewhat low profile in recent years and rose to the top of the opposition leadership in 2023 thanks to a void left when other leaders went into exile, and careful messaging that softened her reputation as an unyielding politician.
The UN subsequently released a report condemning the violent methods of the operation. Although the Venezuelan Government's Ombudsman, Tarek William Saab has admitted that his office received dozens of reports of "police excesses", he defended the need for the operations and stated that his office would be working alongside the police and military "to safeguard human rights". The Venezuelan Foreign Ministry has criticised the UN's report, calling it "neither objective, nor impartial" and listed what it believed were a total of 60 errors in the report.[105][106]
Machado has refused to explain her strategy to overcome the ban, only offering platitudes to supporters that she is in the race “until the end.”