"Sampsonite24-Earth's Least Likeliest Hero" (sampsonite24)
02/19/2015 at 17:04 • Filed to: tesla, apple
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"Sampsonite24-Earth's Least Likeliest Hero" (sampsonite24)
02/19/2015 at 17:04 • Filed to: tesla, apple | 1
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Some idiot believes apple will purchase Tesla for 75 billion in cash. This is the funniest thing I've read all day
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BrtStlnd
> Sampsonite24-Earth's Least Likeliest Hero
02/19/2015 at 17:10 |
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Why do you think this is a laughable idea?
TheHondaBro
> BrtStlnd
02/19/2015 at 17:12 |
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Because Elon Musk will never sell Tesla.
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BrtStlnd
> TheHondaBro
02/19/2015 at 17:17 |
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Never is a really long time and $75B is about 3x what Tesla is currently worth.
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TheHondaBro
> BrtStlnd
02/19/2015 at 17:18 |
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NEVERRRRRRR!!!!!!!!
Dwhite - Powered by Caffeine, Daft Punk, and Corgis
> Sampsonite24-Earth's Least Likeliest Hero
02/19/2015 at 17:20 |
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It depends on his ownership percentage of Tesla to be honest, I'm seeing conflicting numbers of ~25% and ~65%. If its the former it wouldnt surprise me if Apple took a stab at it, they have one of the largest cash reserves in the world and are looking to find the new iPod, and Tesla might just be it.
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Dwhite - Powered by Caffeine, Daft Punk, and Corgis
> BrtStlnd
02/19/2015 at 17:21 |
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But didnt you hear what Musk said? There gonna be worth as much as Apple in 10 years!
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BrtStlnd
> TheHondaBro
02/19/2015 at 17:21 |
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Do you have any reason for this belief or do YOU just not want Tesla to be acquired by Apple? This scenario is an absolute possibility. Last year there were reports of Musk meeting with Apple's M&A team and this was what came out of the horse's mouth:
" If there was a scenario where it seemed like it would be more likely that we would be able to create the mass market sort of affordable compelling electric car, then possibly it would make sense to entertain those discussions. But, I don't currently see any scenario that would improve that probability so that's why it's very unlikely. "
PS9
> BrtStlnd
02/19/2015 at 17:21 |
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That's the part that makes me question the credibility of this rumor. Spending 3x over what a company is worth in acquisition for who knows why sounds like something microsoft would do, but not Apple.
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BrtStlnd
> Dwhite - Powered by Caffeine, Daft Punk, and Corgis
02/19/2015 at 17:23 |
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They might be the same company so his prediction would come true.
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BrtStlnd
> PS9
02/19/2015 at 17:24 |
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That isn't an unheard of multiple if a company is growing quickly. Apple would need to compensate for ALL that future potential growth.
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Dwhite - Powered by Caffeine, Daft Punk, and Corgis
> PS9
02/19/2015 at 17:27 |
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Beats were worth $1 billion in September of 2013, Apple bought them in August of 2014 for $3 billion. Tesla is in its infancy and could end up being a massive money maker, and you pay far more than its going value for that possibility.
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BrtStlnd
> Dwhite - Powered by Caffeine, Daft Punk, and Corgis
02/19/2015 at 17:29 |
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I believe he owns about 28M shares which would put it close to 25%.
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Dwhite - Powered by Caffeine, Daft Punk, and Corgis
> BrtStlnd
02/19/2015 at 17:32 |
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Yeah, thats what I was guessing. There were a few articles throwing around a 65% number as some sort loan requirement but it seemed questionable.
davesaddiction @ opposite-lock.com
> TheHondaBro
02/19/2015 at 17:33 |
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It's a publicly traded company. Doesn't matter what he says. He owned 23% last year - not sure what that number is now.
Carl (@stuffcarlsays)
> Sampsonite24-Earth's Least Likeliest Hero
02/19/2015 at 17:38 |
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That "idiot" is Jason Calacanis, a venture capitalist and entrepreneurship evangelist who I know personally. I think he makes some valid points. Far fetched, sure; but calling him an idiot may be a bit of an overreaction.
Biggus Dickus (RevsBro)
> Sampsonite24-Earth's Least Likeliest Hero
02/19/2015 at 17:42 |
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This is laughably bad. One, Tesla is overvalued to begin with. Paying $75B for a company with no earnings and poor cash flow? That's the kind of shit that gets executives fired and the company sued.
Also, why would apple gear up their own program if they wold buy Tesla? That makes no strategic sense.