- It's already been run up the flagpole a few times by analysts, but Saxo Bank has added Apple (NASDAQ:AAPL) buying Tesla (NASDAQ:TSLA) to its list of "outrageous predictions" for 2019.
- "Apple has the financial strength to fulfill Elon Musk’s wildest dreams, ensuring that Tesla doesn’t have to balance capital expenditures to cash flow generation in the short term," reads the Saxo update.
- "Apple realises that if it wants to deepen its reach into the lives of its user base, the next frontier is the automobile as cars become more digitally connected. After all, the late Steve Jobs showed that a company needs to bet big and bet wild to avoid complacency and irrelevance," reasons the Danish investment bank.
- The Saxo prediction is that Apple secures funding at $520 per share for Tesla.
- As is typical with the AAPL-TSLA linkup speculation, there's not much of a reaction from investors. AAPL is down 1.89% in premarket trading after a HSBC downgrade, while Tesla is off 0.63%.
- Now read: Apple: Prepare For An Entry
Original article