Tesla Stock Gyrations Reignites Speculation of an Acquisition by Apple [Fortune]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Fortune
For years, investors have speculated about Apple buying or partnering with Tesla, considering the former’s ambitions in autonomous car technology and the latter’s potential need for additional cash to fund its operations. Both companies have something that the other needs. The question even came up during a Tesla earnings call last year, when a Morgan Stanley analyst pointed out to Tesla CEO Elon Musk that Apple has more than enough cash to buy Tesla and could help it achieve its vision. “Could [Apple] be the type of firm you could partner with, and is this something you could talk to [CEO Tim Cook] about?” The analyst asked. “Yeah, I don’t think they want to have that conversation,” Musk answered. “At least I’ve not heard any indication that they do. Obviously Apple continues to make some great products and, yeah, I mean, I use their phone and their laptop, it’s cool. I mean… I don’t know what else to say.” Now that Tesla’s stock has plunged after a brief s
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- Analysts weigh in on 'far-reaching' Tesla layoffs as stock extends slump [Yahoo! Finance]Yahoo! Finance
- Tesla to lay off more than 10% of workforce [FOX Business Network]FOX Business Network
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