Elon Musk would consider leveraging Tesla’s mega $ 554 billion market cap to buy a bequest automaker, but only if it was on friendly terms, the billionaire inventor said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Dopfner.
Musk, who received an award Tuesday from the media beings, discussed his many interests and industries , notably SpaceX and Tesla, both of which he leads.
Dopfner noted that Tesla’s valuation far transcends the market cap of incumbent automakers like BMW, Daimler and VW, which along with others in the industry once dismissed Musk’s ability to acquire electric vehicles mainstream. When asked if it would be a serious option to buy one of the bequest automakers, Musk said it was possible, but merely under certain conditions.
” Well, I think we’re certainly not going to launch a hostile takeover ,” Musk said.” So I repute if there was a friendly one, if someone said,’ Hey, we think it would be a good suggestion to merge with Tesla ,’ we certainly have had an opportunity to that discussion. But, you know, we don’t want it to be a hostile takeover sort of situation .”
Tesla today sits in an enviable position — although Musk said once again that its share price is too high. The corporation, which will join the S& P 500 Index on December 21, is now the most valuable automaker in the world, outperforming rivals that render far more vehicles annually.
Investors have plummet coin into Tesla shares chiefly because they view it more as a technology companionship than an automaker, even though the largest part of its revenues today come from auto sales.
Musk noted that automakers chiefly dismissed Tesla in its early days.
” When we first unveiled the Roadster in 2007, I symbolize, it was just basically, they just said,’ Oh, well, you’re basically a knot of gulls ,'” Musk noted, adding that challengers are now far friendlier than in the past.
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