Jakarta, CNBC Indonesia – World’s richest man Elon Musk said he would consider leveraging Tesla’s $ 554 billion market capitalization to acquire conventional carmakers such as Toyota and BMW.
The condition is that this acquisition must be friendly, not a hostile takeover or a forced takeover of control or control of the company.
This was conveyed in an interview with Axel Springer CEO Mathias Dopfner who asked about whether Tesla was considering acquiring one of the old car manufacturers, as quoted from CNBC International, Wednesday (2/12/2020).
“I don’t think we’re going to do a hostile takeover,” said Elon Musk. “If someone says ‘hey we thought the merger with Tesla was a good idea’, we’ll have talks. But we don’t want it to be a hostile takeover condition.”
Tesla car production is still far behind from car manufacturers such as Toyota, BMW, Daimler, and VW. However, Tesla became the car manufacturer with the largest market capitalization on the stock exchange of the United States (US) compared to its competitors. On December 21, 2020, Tesla will enter the S&P index and make Tesla’s share price fly.
Elon Musk said that at the start of operations most car manufacturers rejected the idea of a Tesla electric car. Now the conditions are different where they are more friendly to Tesla.
“When we first launched the Roadster (electric car with batteries), they just said ‘oh you are basically a bunch of idiots’,” he said as quoted by TechCrunch.
(roy/dru)
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