Tesla (TSLA) Said to Ask Google (GOOG) to Buy it in 2013
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(Updated - April 20, 2015 8:12 AM EDT)
Tesla (NASDAQ: TSLA) was said to have asked Google (NASDAQ: GOOG) to buy it in 2013, according to Bloomberg. Tesla was looking to get about $6 billion.
UPDATE - Bloomberg noted that the news was excerpted and adapted from "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future," due out May 19 from Ecco, an imprint of HarperCollins.
Tesla CEO Elon Musk is said to have spoken with Google CEO Larry Page about a potential deal.
In addition to the $6 billion price tag, Musk was looking for Google to drop an additional $5 billion for factory expansions. Musk also wanted Google to guarantee that the company wouldn't break up or shut down Tesla before a third-generation car was produced, which would be aimed at the main street market. Another portion of the deal was that Musk wanted to run Tesla for right years, or until production of the third-generation car began.
Musk and Page were said to have shook on the deal. But, due to Tesla's sales taking off around the time of the negotiations, Musk was no longer interested in selling the company and broke off talks.
Shares of Tesla are positive in early trading Monday.
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