Tesla Open to Merging With One other Carmaker

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By no means Say By no means

Throughout an interview following an award occasion in Germany, Tesla CEO Elon Musk stated that he wasn’t against merging with one other carmaker.

“We’re undoubtedly not going to launch a hostile takeover,” Musk stated in the course of the interview, as quoted by Electrek, “but when any person stated it will be a good suggestion to merge with Tesla, we might have this dialog.”

Hovering Valuations

Tesla’s valuation has been hovering this yr. The carmaker’s market cap is now over half a trillion {dollars}.

Whereas different carmakers together with Toyota and Daimler have invested in Tesla prior to now, they’ve lengthy offered their stakes, in keeping with Electrek.

Musk isn’t more likely to pursue a merger any time quickly, nevertheless it does mark a shift in tone for the CEO, as CNET points out. Musk dismissed the thought of Apple shopping for the carmaker again in 2017.

Flying Near the Solar

Musk additionally advised workers in an e-mail earlier right this moment that he needs Tesla to give attention to actual income, warning them that shares may quickly fall drastically, Electrek reported in a separate story.

“Buyers are giving us a variety of credit score for future income,” the e-mail reads, “but when, at any level, they conclude that’s not going to occur, our inventory will instantly get crushed like a soufflé below a sledgehammer!”

“It’s not like Tesla’s profitability is loopy excessive,” Musk said throughout a shareholder assembly in September. “It’s not like we’re minting cash. Our valuation makes it seem to be we’re, however we’re not.”

READ MORE: Elon Musk: Tesla (TSLA) is open to merging with other automakers after valuation surge to record high [Electrek]

Extra on Tesla: Electric Car Maker Claims Elon Musk Crashed Its EV Into a Brick Wall

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