Elon Musk is not closed to the idea of Tesla merging with another manufacturer who would approach him on this subject.
In an e-mail addressed to its employees quoted by Electrek, Elon Musk, boss of Tesla, would have evoked the financial fragility of the mark. He would recall that the company’s stock market value, which amounts to more than 500 billion dollars (412 billion euros), is mainly based on the share price on the stock market and that, if investor confidence were to disappear, Tesla would be in great difficulty since its profitability is only about 1%.
In addition, Musk was questioned a few days ago during a ceremony in Germany about the possibility that Tesla could buy out a competing manufacturer, taking advantage of its current value to strengthen itself. And the manager said he was open to the idea of a merger.
Single riders are becoming increasingly rare
We are clearly not going to launch a hostile takeover. If someone (at another manufacturer, editor’s note) said it would be a good idea to merge with Tesla, we’d be having this conversation, said Elon Musk according to Reuters.
No manufacturer was mentioned by name, and no one clever enough to guess which one would be the one to use to make such a project happen. It should be noted that partnerships and buyouts between manufacturers have been multiplying in recent years because of the cost of the investments required to comply with increasingly strict environmental regulations. Offering exclusively electric vehicles, Tesla could therefore interest more traditional players. In the past, Tesla has collaborated with Mercedes and Toyota.