Monday 1 June 2015

Bidness Autos - Tesla Might Get Offered An Acquistion Deal By Google



There have been rumors that suggest that Google might be considering buying the auto making giant on a massive deal signed on $275 per share.

Tesla Motors has been trading way up to high on the stock index since the time rumors have started circulating the air that the firm might just get acquired by Google Inc with a price per share settled at $275. This overly priced number has helped the price of the auto making company’s stock go right upwards. Keeping in mind the current share price, this acquisition at $275 per share shows an 11 percent upwards stance from the current price that the shares are trading on. These rumors have taken the attention of the analysts in the industry.

Previously there has been quite a lot of speculation related to acquisitions made by big companies in the start of the year 2015, as there were many rumors which suggested different tales. But so far, all the rumors that were heard in the past have yet not been materialized which shows that too much attention should not be given to the rumors that are commonly seen circulating in the industry.

Tesla Motors is an automobile company that deals in designing and manufacturing electric cars which are on of its kind. The smart car making company was the first one in the country to come up with such an idea and so far, the customers in the United States of America have been quite satisfied with the kind of hybrid cars that are being produced by the Silicon Valley-based company.

The cars that Tesla is usually seen making are luxury cars that are also a status symbol used by the elite class of the country. These cars are powered by electricity and the firm has also managed to establish quite a lot of electricity filling pumps across the country, in order to provide ease to the users who are driving the electric cars. The firm also launched its electric cars in China which was a huge step taken by the automakers but due to some problems, the cars did not put the same effect on the Chinese people as they did on the American customers which are why the company ended up receiving a negative response from the Asian region.

As for the buyout by Google that was rumored to take the place of Tesla on the social media networking site Twitter, there has been nothing but rumors. The base of these rumors are coming from a book written on the life of the CEO of the electric car making company, Elon Musk, who has mentioned that his firm reached out to Google (GOOG) for help back in 2012 when the smart car makers were going through a difficult financial time.

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