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Tesla CEO says he is open to friendly deal with rival carmaker

Published 12/01/2020, 02:41 PM
Updated 12/01/2020, 03:40 PM
© Reuters. Red carpet for the Axel Springer award, in Berlin

FRANKFURT (Reuters) - Tesla (NASDAQ:TSLA) Chief Executive Elon Musk on Tuesday said he was open to discussing a merger of his start-up electric carmaker with a rival.

Speaking at an Axel Springer event in Berlin, Musk was asked whether he would consider buying a rival carmaker given that Tesla's market value of more than $500 billion would make it easy to launch a takeover bid.

"We are definitely not going to launch a hostile takeover. If somebody said it would be a good idea to merge with Tesla, we would have this conversation," he said.

Latest comments

I would hate it if nio initiate it
I guess you're not holding NIO shares at the moment.
that mean nikola tesla?
Ford are you listening now?Get in there.
South african genius billionaire , its time for bringing Tesla home , Tesla worth $500B without swallowing rival companies, but it has to begin doing that so they can produce affordable cars , at $15 to $20K that will be awesome.... it can easily reach market cap of $2 trillion ...
Playboy, billionaire, philanthropist. He still needs work on ******* Besides that he fits the bill. ;)
I wonder why they *** out play boy the second time but not the first.
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