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.
They started working on autonomy around when Google started (2013 or so?). And fully focused on it for half a decade now. It's not that hard to understand, he's been repeating the mission statement forever. Same with SpaceX.
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.
when the hype bubble implodes.. Tesla doesn't exist anymore. None of their perceived future value is based on automobiles.
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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.
They started working on autonomy around when Google started (2013 or so?). And fully focused on it for half a decade now. It's not that hard to understand, he's been repeating the mission statement forever. Same with SpaceX.