With rumors that Apple is investing into developing its own vehicles, would the tech giant consider buying Tesla for a generous sum?
Jason Calacanis, angel investor and entrepreneur, believes Apple will purchase Tesla to the tune of $75 billion within the next 18 months, ahead of the entry-level Model 3 heading to market. It is believed that Tesla’s rising market capitalization will result in a merger between Apple and Tesla rather than an acquisition. Currently, the American electric automaker has a market cap of $25.55 billion that seems small compared to Apple’s $740 billion.
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Calacanis believes it only makes sense that Apple is interested in buying Tesla, especially given Tim Cook’s passion for renewable energy. Another factor that could play a role in Apple’s interest is Tesla CEO Elon Musk’s recent announcement that the company is working on a source of energy for the home. There’s also the reasoning that one of Apple’s main competitors, Google, is working on its own driverless car technology and Apple won’t hesitate to compete in the same space as Google in another market.
The big question is if Musk is willing to sell Tesla and if Apple is the right fit. In an interview with Bloomberg, the eccentric CEO did not categorically say he would never sell Tesla, but he did say that any acquisition is “very unlikely.” Then again, he’s got a “mission to Mars” he wants to fulfill and $75 billion would go a long way in making that happen.
[Source: Tech Times]
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