Thursday, September 30, 2021 12:43:21 PM
Founded in 2003, the electric vehicle-maker Tesla Inc (NASDAQ: TSLA) debuted its Tesla Roadster in 2008 and followed that with the Model S in 2012, Model X in 2015, Model 3 in 2017 and Model Y in 2020.
Tesla also sells solar panels and solar roofs, as well as batteries for energy storage.
The idea might seem outlandish at first, but market-capitalization comparisons invite the topic for discussion.
At an Alex Springer conference in Berlin in December, CEO and co-founder Elon Musk touched on the idea of buying a legacy automotive company.
“Well, I think we’re definitely not going to launch a hostile takeover,” Musk said. “So I suppose if there was a friendly one, if somebody said, ‘Hey, we think it would be a good idea to merge with Tesla,’ we certainly could have that conversation. But, you know, we don’t want it to be a hostile takeover sort of situation.”
At the time Musk made the statement, Tesla’s market cap was around $500 billion.
Tesla’s market cap now is $750 billion, over 6 times greater than that of Ford ($41 billion) and General Motors ($72 billion) combined.
Tesla was also completely unfazed by the COVID-19 pandemic sell-off, and its late-2020 addition to the S&P 500 once again pushed the stock to new all-time highs of $900.40 in early 2021. That price corresponds to $4,502 on a pre-split basis.
This week’s study found 40% of traders and investors saying Tesla should not try to leverage its market cap in an attempt do an M&A deal with Ford or GM in 2021.
Around 27% of respondents told us Tesla should try to move forward on an M&A deal with GM in 2021. Many respondents said that since GM now aims to have zero emissions by 2035, why not make it sooner? GM could use Tesla's technology and mass EV production to lower costs that are passed on to consumers.
Finally, 33% of investors believe Tesla should try to do a deal with Ford by the end of the year. They said the marketing for a Tesla-Ford tie-up would be easier than with GM, given the popularity of Ford's Mustang, F-150, Raptor, Expedition and Bronco models.
Recent TSLA News
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- U.S. Index Futures Point to Mild Decline Ahead of Key Earnings and Fed Rate Decision • IH Market News • 04/30/2024 11:59:59 AM
- Alphabet CEO’s Billion-Dollar Wealth, Microsoft’s $1.7B Indonesia Investment, and More News • IH Market News • 04/30/2024 11:58:40 AM
- U.S. Stocks Finish Quiet Day Modestly Higher • IH Market News • 04/29/2024 08:25:53 PM
- Philips Stocks Soar 47% Following US Deal, Tesla Bolsters Presence in China, and More News • IH Market News • 04/29/2024 11:11:24 AM
- Anglo American Rejects BHP Group’s Offer, Toyota Invests $1.4 Billion in Indiana, and More News • IH Market News • 04/26/2024 11:48:07 AM
- Futures Pointing To Sharply Lower Open On Wall Street • IH Market News • 04/25/2024 01:09:21 PM
- U.S. Futures Drop in Pre-Market Trading as Tech Stocks Plunge After Meta Issues Gloomy Forecast • IH Market News • 04/25/2024 11:53:54 AM
- U.S. Stocks Finish Lackluster Session Little Changed • IH Market News • 04/24/2024 08:33:00 PM
- Block Innovates Bitcoin Mining, DOJ Proposes 3-Year Prison for Changpeng Zhao, and More Crypto News • IH Market News • 04/24/2024 05:50:55 PM
- Upbeat Earnings News May Lead To Extended Rebound On Wall Street • IH Market News • 04/24/2024 01:09:05 PM
- U.S. Futures Display Mixed Results Amid Earnings, WTI and Brent Crude Prices Dip in June Futures Trading • IH Market News • 04/24/2024 11:31:20 AM
- Tesla Surges 12% with 2025 Affordable Vehicle Promise, Evotec Slumps 36% on Uncertain Outlook, and Latest Earnings • IH Market News • 04/24/2024 11:29:58 AM
- Coca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News • IH Market News • 04/24/2024 11:28:02 AM
- Stocks Close On Firm Note For 2nd Straight Day On Earnings Hopes • IH Market News • 04/23/2024 09:00:38 PM
- Tesla Releases First Quarter 2024 Financial Results • Business Wire • 04/23/2024 08:09:00 PM
- Futures Pointing To Extended Rebound On Wall Street • IH Market News • 04/23/2024 01:11:27 PM
- U.S. Index Futures Rise in Pre-Market, Oil Prices Dip Slightly • IH Market News • 04/23/2024 11:26:41 AM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- U.S. Stocks Close On Bright Note Despite Coming Off Day’s Highs • IH Market News • 04/22/2024 08:38:04 PM
- Despite Record EV Production Numbers, Shortage of Battery Metals Looms • PR Newswire (US) • 04/22/2024 03:24:00 PM
- Despite Record EV Production Numbers, Shortage of Battery Metals Looms • PR Newswire (US) • 04/22/2024 03:23:00 PM
- Despite Record EV Production Numbers, Shortage of Battery Metals Looms • PR Newswire (Canada) • 04/22/2024 03:23:00 PM
- Li Auto Stock Drops 7.3% Amid Tesla Price Cuts, Salesforce Retreats from Informatica Deal, and Other Market Updates • IH Market News • 04/22/2024 12:09:21 PM
- Nasdaq, S&P 500 Extend Losing Streaks On Tech Weakness But Dow Advances • IH Market News • 04/19/2024 08:32:14 PM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
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Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
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