12:04 pm - Monday, October 21 2019
Home / Life / cardriven.ca / Is Apple Looking To Buy Tesla?
tesla-apple-dash-970x0

Is Apple Looking To Buy Tesla?

tesla-apple-dash-970x0

By Kevin Harrison

With Google investing in autonomous vehicles, it has been rumoured for a while that Apple is looking to follow suit. An easy and cost effective way for Apple to enter the market would be to purchase an already existing company.

Analyst Jason Calacanis, angel investor and entrepreneur believes Apple is seriously interested in purchasing Tesla to the tune of $75 billion. He also believes the merger will happen within the next 18 months and would not be an acquisition.

Tesla currently uses Apple technology in its Model S sedan.

Currently, Tesla’s worth has a market cap of $25.5 billion. Apple’s market cap comes in at $740 billion.

Tesla’s outspoken owner Elon Musk has yet to comment on the possible deal, however he has said in the past that it is “very unlikely” that he would ever sell Tesla. Then again the extra $50 billion would be tough for anyone to pass up.

It’s expected that if Musk does sell Tesla, it would likely happen before the Model 3 makes it to production, which should come within the next 18 months.

What do you think about Apple’s possible entry into the automotive fray? Do you think Tesla would be the best fit?

 

 

tesla-apple-dash-970x0

By Kevin Harrison

With Google investing in autonomous vehicles, it has been rumoured for a while that Apple is looking to follow suit. An easy and cost effective way for Apple to enter the market would be to purchase an already existing company.

Analyst Jason Calacanis, angel investor and entrepreneur believes Apple is seriously interested in purchasing Tesla to the tune of $75 billion. He also believes the merger will happen within the next 18 months and would not be an acquisition.

Tesla currently uses Apple technology in its Model S sedan.

Currently, Tesla’s worth has a market cap of $25.5 billion. Apple’s market cap comes in at $740 billion.

Tesla’s outspoken owner Elon Musk has yet to comment on the possible deal, however he has said in the past that it is “very unlikely” that he would ever sell Tesla. Then again the extra $50 billion would be tough for anyone to pass up.

It’s expected that if Musk does sell Tesla, it would likely happen before the Model 3 makes it to production, which should come within the next 18 months.

What do you think about Apple’s possible entry into the automotive fray? Do you think Tesla would be the best fit?

 

 

About Haligonia.ca

See news happening near you? Tell us. Click here to email our team.

 

The views and opinions expressed in this content are those of the author and do not necessarily reflect those of haligonia.ca.

You might also like...

IMG_5815-1024x768

Review: 2019 Audi Tt Rs

They said we needed something borrowed and something blue. Thanks to Audi Canada, we had killed two birds with one stone on the week of our wedding day.

If you are an avid CarDriven.ca reader (and thank you if you are), you might know...

IMG_5750-1024x768

Review: 2019 Mitsubishi Eclipse Cross Black Edition

Even though I admit that I have a perhaps questionable soft spot for Mitsubishis, according to research conducted by Mitsubishi, I’m not necessarily the target of their latest effort. The new Eclipse Cross has been in sale for a year now,...

Leave a Reply

Your email address will not be published. Required fields are marked *