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.
