Tuesday, June 25, 2013

Google Buys Tesla?

Tesla Takeover Tenuous

Bloomberg's Tara Lachapelle and Alan Ohnsman:

"Google, with $52 billion of cash and equivalents, is a possible suitor given its interest in vehicle technology ... . Self-driving cars are among projects stemming from Google’s practice of letting employees develop ideas not tied to online search and digital advertising ... ."
I think Elon Musk is the final stamp on Tesla's journey:
“'I've said from the very beginning, from the creation of Tesla, that our goal is to create a compelling mass-market car,'” Musk said. “'I would not consider stepping away from Tesla until we’re there,'” he added. “'We’re several years away obviously.'”
Tesla's stock, after one of the worst days for U.S. stocks this year, finished strong:

Tesla Stock Holds 21-Day Moving Average

Tesla cars have wheels.

Its stock still has legs.

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