Tesla is available to converging with different automakers after valuation flood to record high: Elon Musk says

  • 02-December-2020

Elon Musk offered another remark about being available to examine a consolidation among Tesla and different automakers.

The remark is fascinating in the setting that Tesla is presently the world's most important automaker by a wide edge, and the business is in an incredibly troublesome progress.

While Tesla was never an auxiliary of another automaker, it had associations with set up automakers previously.

Toyota and Daimler both used to be huge speculators in the California-based automaker, and Tesla used to create electric powertrains for them.

Those gracefully programs were eliminated during the principal half of the 2010s.

In 2014, Daimler sold its stake in the electric automaker, and Toyota did likewise in 2017.

From that point forward, Tesla hasn't had any sort of organization with different automakers other than selling them administrative credits.

Throughout the most recent couple of years, Tesla's valuation has flooded, and in the course of the most recent couple of months, it quickly outperformed all different automakers to what in particular is currently a valuation of over a half trillion dollars.

Today, CEO Elon Musk got an Axel Springer Award in Germany, and during a meeting with CEO Mathias Döpfner, he was inquired as to whether it was a genuine choice to purchase a current automaker.

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

: Elon Musk replied.

The CEO didn’t disclose any ongoing discussion about any merger or acquisition.

Tesla has engaged in many acquisitions in recent years, but most of them were related to manufacturing technology and talent.

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