21 Apr '15, 3pm

Book Says How Elon Musk Nearly Sold Tesla In 2013 To Google

In early 2013, Tesla Motors CEO Elon Musk was close to settling a deal that would have had Google buy Tesla outright for $6 billion, with $5 billion additional for future factory expansions. On May 8, 2013 Tesla posted its first ever quarterly profit, nearly surprising everyone due in part to a higher demand for the Model S than expected. Just weeks prior, Tesla had been on the verge of bankruptcy. The issue – according to a write-up by Bloomberg reporting on a book due May 19, “Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future” – was in early 2013 Tesla was turning preorders of vehicles into sales. According to Tesla spokesman Ricardo Reyes and Google spokeswoman Rachel Whetstone, Musk was negotiating a deal to sell the company to his friend and Google CEO, Larry Page. SEE ALSO: Lawmakers Open Exception For Four Tesla Stores In Maryland While Tesla had spent ...

Full article: http://www.hybridcars.com/book-says-how-elon-musk-nearly-...

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Musk Almost Sold Tesla To Google For $11 Billion

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