/Tesla in Talk with Apple, But Deal Is Unlikely

Tesla in Talk with Apple, But Deal Is Unlikely

elon musk model s debut 600x337 at Tesla in Talk with Apple, But Deal Is Unlikely

Last week rumors started flying around that the pioneering tech company Apple is interested in acquiring Tesla Motors business. The computer giant apparently wants an automotive division to keep up with Google, who has been working on driverless cars for years. Tesla CEO Elon Musk has confirmed they’re negotiating with Apple, but the deal is unlikely to go through.

It is not really Musk’s style to deviate from his ambitious plans until he gets the company where there is no more room for innovation. Take Paypal, for example. There has not been any major improvements or new feature added to that thing since Musk sold it.  It’s the same story with Tesla.

“We need to stay super focused on creating a compelling mass-market electric car,” Musk told Bloomberg TV when asked if he would ever sell the company. “I’d be very concerned in any kind of acquisition scenario, whoever it is, that we would become distracted from that task, which has always been the driving goal of Tesla,” he said.

So it’s not just Apple. For the time being, Tesla Motors is not for sale, period. The Apple deal talks did, however, cause a significant spike in Tesla’s share prices. Yesterday it hit an all-time high of $215.21.

Via Autonews

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