05-16-2018, 12:38 AM
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#336 (permalink)
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Master EcoModder
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RT: Apple could buy Tesla and both companies could come out winners
Quote:
Tesla’s current market value is hovering around $51 billion, while Apple is sitting on a pile of cash of around $285 billion. So, from a financial perspective, the iPhone maker could definitely afford to acquire the struggling electric car producer.
[John Sculley:] “If they chose to buy a big company I am sure they would only do it with a product that was intended to be revolutionary in a large addressable market - so an automobile maker like Tesla would certainly meet that criteria.”
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