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Ask HN: What are the chances of Apple buying Tesla or a majority stake in it?
- toomuchtodo 8y agoIt’s SoftBank. https://markets.businessinsider.com/news/stocks/tesla-stock-price-elon-musk-met-softbank-ceo-about-taking-private-report-2018-8-1027443866 https://markets.businessinsider.com/news/stocks/tesla-stock-...
- mandeepj 8y agoThanks for the link. Looks like, there is no more progress on this - "Tesla was trading around $300 per share in April 2017 when the talks reportedly fell through. The talks are no longer underway"
- late2part 8y agoIt’s not SoftBank. It’s dumber money than even that. (!!). It’s almost certainly the Saudi Sovereign wealth fund increased by seized/nationalized funds.
- toomuchtodo 8y agoI don't think so. The SSWF reached the holding threshold that required public disclosure, and while it helps Musk with the share price driven up by that disclosure, it doesn't seem to be the play he'd make.
- late2part 8y agoVoilà!
- toomuchtodo 8y agoIndeed! The Saudis were who Musk was referring to when he infamously tweeted “Funding secured”.
- alaskamiller 8y agoApple doesn't care about Tesla. Apple will buy Juul. It's a drop-in team of industrial designers, QA testers, and fabricators that's identified the next viable physical platform.
- lttlrck 8y agoWhich Juul? All I can find with an admittedly short google are the vape guys.
- duxup 8y agoI don't see Apple being that interested in jumping into something as big as car industry. Dealing with auto suppliers, labor stuff, etc is a bit out of their usual business.
- mandeepj 8y agoWondering why this post got flagged?