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Posts Tagged ‘tesla acquisition’

Tesla Ripe for Takeover by Apple, Analysts Claim

CEO Musk sweeps aside idea saying it isn’t in the cards.

by on May.08, 2017

Tesla CEO Elon Musk says Apple makes fine phones and laptops, but acquiring the Palo Alto, California EV maker isn't going to happen.

Apple, despite the various challenges it might face, is sitting on nearly a quarter of trillion dollars, giving it ample resources to mount a takeover of virtually any company in the world and analysts at Citigroup. have concluded on the possible targets is Tesla.

Elon Musk, Tesla’s founder and CEO, brushed aside the speculation about a possible Apple-Tesla alliance, saying it wasn’t in the cards. “They make good phones and laptops,” noted Musk, adding he personally uses Apple products.

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But he shrugged off suggestions during the analysts call that followed the release of Tesla’s financial report for the first quarter in which losses grew by 40% even though the electric-vehicle company’s revenue doubled. (more…)

Tesla Will Now Charge to Supercharge

Maker also announced purchase of German engineering firm to help boost production capacity.

by on Nov.08, 2016

A Tesla Supercharger station in Hawthorn, CA.

There’s no such thing as a free lunch – or free energy, it seems. Tesla Motors plans to stop offering unlimited use of its cross-continent network of high-speed Superchargers to anyone who buys one of its vehicles after January 1, 2017.

The system, which currently includes 734 chargers worldwide, most in the U.S. and Canada, allows motorists to travel long distances without range anxiety. Until now, they have been open to any Tesla owner at no charge. The battery-carmaker hasn’t said what it will now charge new buyers but claims it will “cost less than the price of filling up a comparable gas car.”

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Tesla had already signaled it would not include free charging for buyers of the Model 3, which is expected to go into production during the second half of 2017. The company says it now has more than 300,000 advance registrations on the books. And to help ensure it meets the aggressive production ramp-up outlined by CEO Elon Musk last March, Tesla is now buying Grohmann Engineering, a German firm that develops automated manufacturing systems for batteries.

(more…)