AfterDawn: Tech news

Apple considered purchasing luxury electric car maker Tesla

Written by Andre Yoskowitz (Google+) @ 16 Feb 2014 22:26 User comments (5)

Apple considered purchasing luxury electric car maker Tesla According to a new report, Apple's head of acquisitions, Adrian Perica, had high-level discussions with Tesla CEO Elon Musk last spring, with Apple at the time considering buying the company or its battery factories.
This is not the first time we have heard of such a move, as over the fall, European financial analyst Andaan Ahmad wrote an open letter stating that Apple should partner with the luxury electric car maker, or buy it outright. His thesis was simple: buying Tesla would open up a huge new revenue market for the company, which has seen its growth practically peak.

If Apple is looking to purchase, they missed a cheap opportunity last year. Since the beginning of 2013, Tesla's market value has appreciated from under $5 billion to $24 billion today.

Additionally, Apple is also rumored to be exploring medical devices, "specifically sensor technology that can help predict heart attacks."

Apple has over $160 billion in cash and cash equivalents, enough to buy nearly any company it wants.

Tags: Tesla Apple
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5 user comments

118.2.2014 10:41

It's a good thing they didn't buy Tesla; it is bad enough that the batteries only last 10 years at best...if it was an Apple product they would last 3 years and would not be removable. The radios would also be pretty bad...no optical drives or SD card slots would be allowed, and like most apple devices, all repairs would involve removing lots of hot glue.



218.2.2014 11:00

No I think they should buy Tesla....Then the downward spiral of Apple will continue. But of course they would have to design another OS like they do with all their CRAPPLE!

318.2.2014 11:02

"Apple has over $160 billion in cash and cash equivalents, enough to buy nearly any company it wants."

Except Microsoft and Google.

419.2.2014 11:43

...OR GM, Ford, Chrysler, BMW, Mercedes, Toyota, Nissan, etc, etc, etc.



519.2.2014 16:54

...or Exxon Mobil. lol

This message has been edited since its posting. Latest edit was made on 19 Feb 2014 @ 16:56

Live Free or Die.
The rule above all the rules is: Survive !
Capitalism: Funnel most of the $$$ to the already rich.

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