Elon Musk ready to buy a manufacturer of ordinary cars
Elon Musk ready to buy a man...
Subscribe to Newsletter

Elon Musk ready to buy a manufacturer of ordinary cars

6 December 2020
3525
2 min.
11
Elon Musk ready to buy a manufacturer of ordinary cars

Certain conditions of purchase

Elon Musk, the main shareholder and manager of Tesla, can buy a manufacturer of ordinary cars one of those specialising in the production of cars with internal combustion engines.

However, Tesla's financial situation allows Musk to go beyond just buying one car manufacturer: the company has enough money to buy BMW, Volkswagen and Ford all together. However, according to Musk, such a transaction is only possible under one important condition.

Elon Musk shared his thoughts in an interview with the head of the Axel Springer Mathias Doepfner publishing house. Elon Musk said: "I suppose if there was a friendly conversation, if someone said "Hey, we think it would be nice to team up with Tesla", we could certainly talk about it. But we don't want it to turn into a hostile takeover situation".

Tesla has the opportunity to buy absolutely any car maker, the only question here is what the latter wants. And it is possible that there will still be those who wish to buy. Of course, it is unlikely that it will be BMW or Volkswagen, which are actively investing in their own electric cars, but for GM or Ford such cooperation, with full or partial takeover, would be a way out of the crisis. Alas, the position of these companies has been severely shaken over the last five to ten years: Ford has significantly reduced the range of its cars in the home market to free up funds for the development of electric cars. Ford sales in China and Europe are falling. GM left Russia and India, in 2015 it took the Chevrolet brand out of the European market, and not so long ago it sold Opel to the French from PSA Group. Again, this was to reduce losses. And although GM, like Ford, has ambitious plans to bring dozens of electric models to market in the next few years, it will be very difficult to do so. Tesla expertise and technology would be very helpful here.

Persons2 and Companies9 in the news

Chief Executive Officer of media group Axel Springer SE
1 place
CEO of Tesla
2 place
PSA Group
1 place
OPEL
2 place
CHEVROLET
3 place
Volkswagen
5 place
BMW
BMW
6 place
Tesla
9 place
Section:
Rating companies
Instagram
17 Mention
Netflix
14 Mention
X (Twitter)
10 Mention
White House
8 Mention
TikTok
8 Mention
Tesla
8 Mention
Us Weekly
7 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8169275698
Died this year
53045364
Born this year
130500984