The bad news seems to keep on coming for Tesla Inc., and one expert says this is the year the electric-car company “comes undone” — and maybe gets bought by Apple Inc.
“This is the year Tesla comes undone,” Galloway told Yahoo Finance’s “On the Move,” citing its “overvalued” stock and executive turmoil, including the Twitter travails of Chief Executive Elon Musk. Galloway said if that happens, look for the Tesla brand to fade away eventually. “At the end of the day, there’s one core brand here, which means they’d be overpaying. So, over time, they’d probably turn it into the Apple car.”
Apple has reportedly had self-driving-car aspirations for years, though those plans have changed their focus dramatically. It laid off nearly 200 workers from its autonomous-car unit earlier this year, according to Reuters.
IMO Tesla & Apple make a very smart business combo, VTOL droned Teslas running on Mac Air grid streaming good stuff & for the 2 billion Humans still without broadband or transportation w/ Solar Energy Smart Photons, does not get much better .
AAPL doesn’t entertain acquiring companies w/ unlimited liability but $Tsla under $50 will be likely in 2020
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