Say it isn`t so
Rumors are swirling that Tesla is secretly planning a major acquisition. Apparently, in order to fend off larger competitors like General Motors and Volkswagen, Elon Musk has given instructions for his company to purchase luxury carmaker Daimler AG, which owns Mercedes-Benz. If true, it would be one of Tesla’s biggest acquisitions since it bought SolarCity for $2.6 billion last year. Needless to say, such a deal would dramatically change everything about Tesla’s future—but not everyone is convinced by what they’ve heard so far. Here’s what we know so far and how it might shake up EV market share in North America and abroad.
That is not how the stock market works. Stock price is a bet on future performance.Tesla, How do they make the least amount of cars but are the highest valued company?