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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (165646)12/1/2020 8:03:24 PM
From: Julius Wong  Read Replies (2) | Respond to of 219354
 
Tesla open to talks on auto merger if it was a 'good idea'
Dec. 1, 2020 3:05 PM ET|About: Tesla, Inc. (TSLA)|By: Clark Schultz, SA News Editor

Tesla ( TSLA +2.0%) Chief Executive Officer Elon Musk says the company isn't going to make a hostile takeover in the auto sector, but would have a conversation with a company that thought it may be a good idea to merge.

Musk made the comments at an Axel Springer event in Berlin.

Tesla's +$500B market cap means that it would likely be the bigger fish in any sort of merger arrangement.

Will a Tesla premium be applied to any electric vehicle stocks on the hopes for a combination?