A death toll for Tesla?

"livedeliberatelychic1" (livedeliberatelychic1) 12/31/2013 at 05:43 • Filed to: None

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GM to buy Tesla?
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Goshen, formerly Darkcode > livedeliberatelychic1 12/31/2013 at 05:53

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Please be it, so that the LSx Model S may materialize.

GhostZ > livedeliberatelychic1 12/31/2013 at 05:53

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What makes GM think they can buy Tesla? The company is valued (perhaps overvalued) way beyond GM's budget to acquire.

I_AmDeath > livedeliberatelychic1 12/31/2013 at 06:10

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Why would Telsa be up for sale? It's not like they are having any financial issues. Atleast from what I've heard Telsa is basically a side business for Elon Musk.

IDROVEAPICKUPTRUCK > I_AmDeath 12/31/2013 at 06:23

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It's a publicly traded company. If they buy 50.01% of the company they own it.

IDROVEAPICKUPTRUCK > livedeliberatelychic1 12/31/2013 at 06:24

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Tesla is wildly overvalued, would be a horrible business decision by GM.

I_AmDeath > IDROVEAPICKUPTRUCK 12/31/2013 at 06:25

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Fair enough but still it's completely un GM.

IDROVEAPICKUPTRUCK > GhostZ 12/31/2013 at 06:30

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Telsa is wildly overvalued but GM could still buy it. Telsa's market cap right now is about $19B, so GM would need probably $12-13B to buy 51% of Telsa assuming that the buyout offer drives up the price some. GM could borrow that much money from Wall Street. Or really they don't even have to if they don't want to. GM has $21B in cash and another $8B in short term investments. So GM has more cash than Tesla is worth.

Now it would be a terrible buy, Tesla is wildly overpriced. Telsa is being valued like a technology company and not like a car company, as it continues to mature even as their profits grow the price should come down as falls into line with normal Auto Company valuations.

Sun-Tzubaru - With Zoom-Zoom > livedeliberatelychic1 12/31/2013 at 08:08

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Gah, I hope not. I know this is the 'New GM,' but I can't help but think that Tesla would go the route of Pontiac

Ramblin Rover - The Vivisector of Solihull > livedeliberatelychic1 12/31/2013 at 08:30

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They made fun of this on the front page.

Straightsix9904 > livedeliberatelychic1 12/31/2013 at 09:16

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I think the "X buys Tesla" story going to become the new "Apple is working on X Product" story. People will write them because they know they will get 20 Million clicks. All of them will spew "facts" that they spent 20 minutes dreaming up after a bong hit.

Jayhawk Jake > livedeliberatelychic1 12/31/2013 at 10:10

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I doubt it.

Right now it would be an awful move, Tesla is overvalued. Unless they aren't, but that's a super risky move.

Then you have to look at it from Tesla's side. What do they gain by going away from their business model? Nothing.

At least I hope this doesn't happen. Tesla has a good thing going, no need to get sucked into GMs corporate hell hole

Jayhawk Jake > Goshen, formerly Darkcode 12/31/2013 at 10:11

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Ugh no. That would be awful