Today's Hard|Forum Post
Today's Hard|Forum Post

Monday April 20, 2015

Elon Musk Had a Deal to Sell Tesla to Google in 2013

According to this Bloomberg article, Elon Musk almost sold Tesla to Google for $6 billion back in 2013. eek!

He proposed that Google buy Tesla outright آ— with a healthy premium, the company would have cost about $6 billion at the time آ— and pony up another $5 billion in capital for factory expansions. He also wanted guarantees that Google wouldn’t break up or shut down his company before it produced a third-generation electric car aimed at the mainstream auto market. He insisted that Page let him run a Google-owned Tesla for eight years, or until it began pumping out such a car. Page accepted the overall proposal and shook on the deal.