Instead of focusing on matters such as why the new Apple Watch is triggering trypophobia (fear of objects with irregular patterns of holes) in some people, Apple’s shareholders are apparently more interested in buying Tesla Motors. The issue came up at Apple’s annual shareholder’s meeting earlier this week, when a number of company investors tried getting information about a rumored Tesla Motors buyout from Tim Cook, CEO of Apple.
Speculative rumors about Apple preparing to buy Tesla have been going on for months, with media outlets reporting that Tesla CEO Elon Musk had met with Apple’s chief of mergers and acquisitions, Adrian Perica, as early as spring 2013. On top of that, the two companies are constantly poaching employees from each other, and more recent reports speculate that Apple may even be working on an electric car project of its own to battle Google’s future autonomous car.
Adding more fuel to the fire, Elon Musk himself admitted that he was approached by Apple, although he declined to offer any specific details about the encounter. With Apple having around $180 billion to play with, money wouldn’t exactly be an issue, although such a big buyout would likely be done as quietly as possible in order to keep Tesla’s stock down. (Good luck with that.) Shareholder interest in a tie-up between the two companies is not coming out of the blue, since Apple does seem interested in entering the automotive industry one way or another.
Continue reading to learn if Apple plans to buy Tesla.
Apple's Shareholders Want A Piece Of Tesla originally appeared on topspeed.com on Friday, 13 March 2015 07:00 EST.
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