It’s easy to forget that Tesla was on the verge of bankruptcy a couple of years ago, but as we all know, the company was able to turn things around. However, what we didn’t know was that the company actually turned to Google at one point in order to discuss a buyout, which was easy seeing as how Elon Musk and Larry Page are good friends. The discussions actually went as far as having lawyers write up negotiations, but the deal ended up falling through somewhere along the line.
In early 2013, Tesla was near bankruptcy. Founder Elon Musk turned to his friend Larry Page, cofounder and CEO of Google, to buy out Tesla. The deal went past handshake territory and both company’s lawyers drafted up negotiations, but somewhere along the way, the deal fell through. By May 2013, Tesla had turned everything around and posted its first quarterly profit. A report in Bloomberg today reveals just how close Musk came to selling Tesla to Google. Tesla’s flagship car, the Model S, had growing pains after launching in June 2012: Software glitches and cost-saving interior design irked buyers, which led to negative word of mouth. That almost sank the company, says Bloomberg, and after Valentine’s Day 2013, Musk was negotiating with Page to buy Tesla out. Bloomberg’s sources say that Musk kept stipulations in the deal that would have let him stay on to run Tesla at least until the company released its third-generation electric car.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
People have been talking about how Facebook is close to becoming the first serious competitor that YouTube has seen in a…
Soon you won't even need to do anything to have your smartwatch identify you if a recently published Samsung patent…
Last October, the European Court of Justice ruled that the Safe Harbor laws that allowed companies to transfer user data between the…
Nielsen announced on Wednesday that it's expanding Twitter TV Ratings to include Facebook as well, and is renaming it to Social Content…
