21 Apr '15, 9pm

Musk Almost Sold Tesla To Google For $11 Billion

Musk Almost Sold Tesla To Google For $11 Billion

Around the same time Musk was personally guaranteed the resale value of the Model S, he was secretly leading a negotiation with Page to sell Tesla to Google for about $11 billion; $6 billion for Musk, and another $5 billion in expansion capital. The deal would see Musk stay on as CEO for at least 8 years, or until the third-generation Model III made it into production. So even if a sale went through, Musk wanted a chance to fulfill his vision for an all-electric future. Google has since gone down its own autonomous electric vehicle path , making it clear that the search engine giant sees itself as a player in the auto industry, eventually.

Full article: http://gas2.org/2015/04/21/musk-almost-sold-tesla-to-goog...

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