Tesla is burning through $1 billion in cash a quarter, the cash from the latest $2.7 billion funding round will be gone within ten months, and demand is falling off. One of the classic business solutions would be an acquisition.
There are just two questions: who might be interested in the deal, and would CEO Elon Musk ever assent to such a scenario?
“If Tesla got acquired, unless a buyer is willing to let Elon do whatever he wants, I don’t see him being part of an acquired Tesla,” David Whiston equity strategist wrote. “He’d have to be willing to sell his roughly 22% stake and in my opinion that’s something he would only do if it was the only way to keep Tesla alive.”
Read the article at Fortune.
The post Getting Musk to Step Away, or Listen to Others, Would be a Challenge appeared first on Fleet Management Weekly.
from Fleet Management Weekly http://bit.ly/2I39Qx0
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