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I do not see this happening. One of the main reasons Musk created Tesla was to remove the middleman, that being dealerships, and to be able to sell directly to
by alexgaribay 13y ago
I do not see this happening. One of the main reasons Musk created Tesla was to remove the middleman, that being dealerships, and to be able to sell directly to the customer. If that buyout were to happen, that would completely contradict that main principle of Tesla.
EDIT:
At the time of my comment, I forgot about the legalities of buying publicly traded companies. It's something I don't particularly follow.
- polarix 13y agoWait, principle? How does that have anything to do with whether this happens? Tesla is a public company. edit: per http://www.businessinsider.com/elon-musk-borrows-150-million-to-buy-tesla-2013-5 http://www.businessinsider.com/elon-musk-borrows-150-million... it looks like Musk, holding 65%, would be able to block any hostile acquisition.
- deleted 13y ago[deleted]
- apalmer 13y agoBig Difference between 'principles' and 'capitalism'. Ulitimately if GM or whoever offers enough for Tesla then it will be sold... even if the founder doesnt want to sell for personal reasons publicly traded companies are under some restrictions as far how they respond... even beyond legal restrictions if the offer is good enough the stock holders will revolt
- maaku 13y agoNo, Musk started Tesla to force the transition to electric cars. He has already succeeded at that. A buy-out would give Musk the ability to cash out his own shares to keep SpaceX going, if hardships are encountered. (Disclaimer: I don't own any Tesla stock.)