24 Jun '13, 10pm

Tesla loan payoff opens up takeover scenario, is Google interested? [w/video]

Buried in the loan agreement text between Tesla Motors and the US Department of Energy were restrictions on the automaker's ability to offer itself for sale. Now that the loan has been paid back early , speculation is ramping up that the company will get snagged by a bigger fish through a sale or a takeover. Bloomberg , in fact, is wondering aloud if Google will take the bait. Now, before anyone gets all excited that the giant touchscreen in the Model S will get a clever logo redesign every holiday, we've heard unlikely rumors about other companies buying Tesla before (for example, Google's competition, Apple ) and Tesla CEO Elon Musk has said repeatedly that he isn't going to step down any time soon. In fact, he told Bloomberg last month, "I've said from the very beginning, from the creation of Tesla, that our goal is to create a compelling mass-market car. I would not co...

Full article: http://green.autoblog.com/2013/06/24/tesla-loan-payoff-op...

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