360° Coverage : Despite Tesla Successes the Company May Not Be Ripe for Takeover

1 Updates
Despite Tesla Successes the Company May Not Be Ripe for Takeover

Despite Tesla Successes the Company May Not Be Ripe for Takeover

Jun 25 2013, 1:00pm CDT | by

Musk may not want to sell

Electric vehicle maker Tesla has been in the news a lot lately. The company paid off its federal loans years early and has one of the few truly successful electric vehicles on the market. Some...

Filed under: news

Tweets

 
 
 

1 year ago

Despite Tesla Successes the Company May Not Be Ripe for Takeover

Jun 25 2013, 1:00pm CDT | by

Musk may not want to sell

Electric vehicle maker Tesla has been in the news a lot lately. The company paid off its federal loans years early and has one of the few truly successful electric vehicles on the market. Some believe that the fact that Tesla had paid off its government loans so early could make the company ripe for takeover. However, Tesla may not be as likely a takeover target has some analysts believe.

Tesla's loans with the Department of Energy had verbiage reports Bloomberg that limited Tesla's ability to sell itself. With those loans paid off the company can now sell to whoever it wants to. However, factors limiting Tesla's ability to sell remain. Perhaps the largest of those factors is the fact that Tesla CEO Elon Musk may not want to sell his company.

Potential suitors may also be concerned that Tesla has only just now reported its first quarterly profit in its 10-year history. Tesla is currently trading stock for 816 times its estimated earnings for 2013. That values the company at over $5 billion.

 
Update
1

Tweets

 
 
 

<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Shane is a self described car aficionado. He loves muscle cars, but also knows how green cars work. He has years of experience in testing cars and writes about cars with deeply felt emotions.

 

blog comments powered by Disqus

Latest stories

Google Self-Driving Cars to Hit Public Roads this Summer
Google Self-Driving Cars to Hit Public Roads this Summer
Google announced today that Google Car prototype vehicles will leave the test track and hit the familiar roads of Mountain View.
 
 
First Self Driving Truck Unveiled by Daimler
First Self Driving Truck Unveiled by Daimler
Daimler is first to get a license for road use in the State of Nevada for an autonomous truck. Now truckers can sagely text while driving.
 
 
See James Bond's Aston Martin DB10 Fly
See James Bond's Aston Martin DB10 Fly
A behind-the-scenes video of James Bond Spectre reveals a car chase between the Aston Martin DB10 and a Jaguar C-X75.
 
 
Audi Makes Diesel Out of Water and CO2
Audi Makes Diesel Out of Water and CO2
Audi started to produce synthetic Diesel fuel that does not need mineral oil. It is made from water, CO2 and green power. Why are we bothering with electric cars again?