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If the articles I've read are to be believed, Apple has at least $150B in cash just lying around. Tesla wouldn't be a huge chunk of that if they were so incline
by nwh 13y ago
If the articles I've read are to be believed, Apple has at least $150B in cash just lying around. Tesla wouldn't be a huge chunk of that if they were so inclined.
- w1ntermute 13y agoMost of that $150B is sitting in overseas tax havens. Just repatriating it to buy Tesla would cost them a bundle.
- dan1234 13y agoThey'd likely take out loans if they needed the cash, rather than repatriating it as they'd get a better rate.
- sjtgraham 13y agoWould it need to be repatriated to Apple Inc? Say for arguments sake Apple Sales International in Ireland (or any global subsidiary company) has enough cash on its books to buy Tesla. ASI is a separate legal entity from Apple Inc, albeit owned by it. Couldn't ASI de jure buy and control Tesla and Apple Inc de facto control it by virtue of controlling ASI? What counts as repatriation? I'm not sure, but it's very interesting.
- IBM 13y agoTaxes won't stop any company from using their cash if they think the acquisition is important enough (using debt is also an option as well). That doesn't say anything about whether it's a stupid acquisition or not.
- tazjin 13y agoTax havens such as Germany, the UK, Sweden, Switzerland and dozens of other countries where Apple operates?