Tesla Inc (TSLA)

[XFundManager]

Tesla to possibly acquire VELO 3D ?

Elon Musk has personally invested in, wanted to buy and is the sole provider of spaceX engines.

Tesla (NASDAQ:TSLA) CEO and SpaceX (SPACE) founder Elon Musk was interested in buying Velo3D, the 3D printing company that's being taken public by Barry Sternlicht's Jaws Spitfire SPAC (NYSE:SPFR), though Velo3D didn't want to sell.

"Elon wanted to buy Velo3D, they didn't want to sell, so we had an opportunity to take them public," Sternlicht said in a CNBC interview.

Sternlicht added that Velo3D "could even get acquired because they are the probably the leader in their field in an area they can only serve."

The SPAC Of Elon Musk-Led SpaceX's Partner Velo3D Is Down 8.6% This Year And Cathie Wood Sees

Cathie Wood-led Ark Invest has been continuously piling up a stake in Jaws Spitfire Acquisition Corp (NYSE:SPFR) this year. The special purpose acquisition company is set to take a partner of Elon Musk-led SpaceX public.

Ark Invest has piled up a total of 3.75 million shares — worth $37.54 million — as of Friday’s trades.

Shares of the company, backed by tennis player Serena Williams and founded by billionaire Barry Sternlicht— the chairman of Miami-based investment firm Starwood Capital Group— have fallen 8.6% at $9.99 so far this year.

Jaws Spitfire is expected to take 3D printing company Velo3D public later this year, which is expected to list under the "VLD" ticker on the New York Stock Exchange.

Velo3D is a 3D printer supplier for SpaceX, the space exploration company led by Musk, who also heads Tesla Inc (NASDAQ:TSLA).

POSSIBLE REASONS FOR TESLA TO BE BUYING VELO 3D !!!

Is Elon Musk in secret talks to be buying the only company in the world that is able to manufacture spaceX rocket engines?

Will Tesla be using VELO 3D technology to manufacture all Tesla EV cars in a fraction of the time and increase they're profit margins by another 50%?