Why Apple Would Have the Inside Track on Buying Tesla [TheStreet.com]
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Source: TheStreet.com
Why Apple Would Have the Inside Track on Buying Tesla Apple ( AAPL Get Report TSLA The potential scenario of Tesla being acquired attracted renewed attention this week when news broke that Apple reportedly bid $240 a share for Tesla back in 2013. Tesla shares have tumbled now to roughly $197 a share, although taking into account the additional shares Tesla has issued and the debt it's taken on means an acquisition now would still cost significantly more than it would have in 2013, as columnist Timothy Collins pointed out Tesla is 's Stock of the Day : Munster told TheStreet that if Tesla were to be bought now, he thinks there's a 50% chance that the buyer ends up being one of the deep-pocketed tech juggernauts with an interest in electric and autonomous vehicles -- Apple, Alphabet ( GOOGL AMZN In a note on Thursday Munster's case for Apple being the favorite to take out Tesla rests on three arguments: 1. Apple Has a Good Fit With Transportation "They have, first, an interest in
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