One of my fundamental criticisms of Elon musk performance as a CEO. The vast stock market price and valuation should enable these sorts of transactions.
It would enable Tesla to diversify operations move into applying its technology on a mass-market basis to hybrids without "damaging" the "purity" of the Tesla brand.
It would enable more marques to target specific economic bands, international markets, etc.
But no we basically have a car company that makes two cars.
Surely there is still some merit in having competition in the market place?
Mercedes should buy Tesla you mean.
Tesla, Inc. (TSLA) – ~ US$1.50 trillion
Mercedes‑Benz Group AG (MBG.DE) – ~ US$62 billion
MBG AG:
Revenue - €153.2 billion (2023)
Production output - 2,491,600
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Tesla:
Production output - 1,773,443 vehicles (2024)
Revenue - US$97.7 billion (2024)
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Maybe Tesla is just hillariously overvalued and MBG AG can afford them once the hype bubble implodes.
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One of my fundamental criticisms of Elon musk performance as a CEO. The vast stock market price and valuation should enable these sorts of transactions.
It would enable Tesla to diversify operations move into applying its technology on a mass-market basis to hybrids without "damaging" the "purity" of the Tesla brand.
It would enable more marques to target specific economic bands, international markets, etc.
But no we basically have a car company that makes two cars.
Elon Musk has completely lost interest in being CEO of a car company. Tesla is a whatever's-on-his-mind-today company.
1 reply →
Tesla is getting out of the car business