Elon Musk Nearly Sold Tesla to Google for Billions in 2013

Discussion in 'Android News' started by dgstorm, Apr 20, 2015.

  1. dgstorm

    dgstorm Editor in Chief
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    Here's an interesting bit of tech history that never came to be. According to sources at Bloomberg, Google almost bought Tesla from Elon Musk in 2013. Supposedly, Tesla was on the verge of bankruptcy, and Elon Musk was courting Google for a buyout in which he would stay on to run things. Apparently, Musk was willing to sell the company to Google for $6 Billion dollars, plus another $5 Billion in capital for factory expansions. Here's a quote with more of the details,
    Before even going to Page, Musk fired a bunch of senior level executives and promoted some hungry junior employees to help revitalize things and rebuild Tesla's image by improving sales, repair service and customer service. He also kicked off a program regarding the resale price of the Model S. He made a public guarantee that unsatisfied buyers would get their money back from Musk personally if they could not sell their car at a comparable price to other luxury cars.

    In the end, Musk's desperate moves started to turn things around for Tesla before the sell-out to Google could be finalized. Below is a quote with the final details of how things ended,
    What do you guys think of this different future we almost had? Would Google and Tesla have been a good fit?

    Source: Bloomberg
     
  2. Valvoline

    Valvoline Active Member

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    Other than a save for Musk, not sure how this would have benefitted Google. Certainly google's idea of an auto mobile would differ quite a bit from Musk, e.g. A.I. driven etc. Not to sure if Page had been looking into this and was fielding interest either. Seems more a WTF why not, lol
     
  3. supermandroid

    supermandroid Active Member

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    As much as I think both are amazing companies, I am glad that both remain separated. Google has been buying smaller companies left and right, and I'm a bit wary of an all powerful AIO company. I'm much more of a fan of the Unix philosophy of "do one thing and do it well."
     
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  4. kodiak799

    kodiak799 Gold Member

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    There was nothing special or amazing about the turnaround - what has kept, and continues to keep, Tesla afloat is VERY generous tax subsidies.

    It's an awesome car that they've been unable to make at a profit.
     
  5. Jonny Kansas

    Jonny Kansas Administrator
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    I keep skimming past this and other articles on the subject trying to care, but I just can't bring myself to do it. The cars look awesome from videos I've seen, but I won't be affording one any time soon, so I guess that's probably got a lot to do with it.