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Sunday, February 23, 2014

Tesla, Apple Merger Deal 'Unlikely' Says Elon Musk [VIDEO]

Tesla CEO Elon Musk has confirmed that his company has met with Apple but added that it is "very unlikely" that Tesla would be bought by the company.

“We had conversations with Apple,” Musk said in an interview with BloombergTelevision. “I can’t comment on whether those revolved around any kind of acquisition.”

When asked if the electric automaker is for sale, Musk answered, “I think that’s very unlikely because we need to stay super focused on achieving a compelling – creating a compelling mass market electric car. And I’d be very concerned in any kind of acquisition scenario, whoever it is, that’d be become distracted from that task which has always been the driving goal of Tesla.”

Last week, the San Francisco Chronicle reported that Tesla met with Apple’s top deal maker Adrian Pernica leading to speculations of a possible Apple acquisition of the electric car company that has been going from strength to strength. The report also caused Tesla shares to soar as much as 11 percent to an all-time high of $215.21 on Thursday. The shares closed at $209.97, up 8.4 percent.

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