Elon Musk Says Tesla Will Consider Merger Not Hostile Takeover with Competitors

 

Wikimedia

Elon Musk is always looking to expand in the automotive industry but not in a hostile manner. In a report by Reuters, Musk told German media executive Mathias Dopfner that he had no intention of taking over any rival automaker.

 Tesla has over a $500 billion market capitalization and with its strength, it can easily initiate a takeover. Musk said that he would consider a mutually advantageous partnership with another automaker.

 “We are definitely not going to launch a hostile takeover. If somebody said it would be a great idea to merge with Tesla, we would have this conversation,” Musk said. He didn’t elaborate further.

 During its initial development, Daimler and Toyota had taken individual stakes in Tesla. They cashed out in 2014 and 2017. Based on its current stock price Tesla is worth more than these two automakers as well as Volkswagen and General Motors.

 Elon Musk was in Germany to receive the Axel Springer Award. This award is given to outstanding personalities who are innovative in an extraordinary way, who create and change markets and who shape culture while at the same time shouldering their social responsibility.

 This award has also been bestowed upon Mark Zuckerberg, founder of Facebook and Jeff Bezos, founder of Amazon.

 Source Fox Business


Follow us on Google news for more updates and News










PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.