Connect with us

Hi, what are you looking for?

CleanTechnica
In a recent note to clients, Citigroup analyst Jim Suva named Tesla as a possible acquisition target for Apple, if the company does in fact repatriate the ~$250 billion that the company has stashed overseas.

Batteries

Citigroup Analyst Names Tesla Possible Acquisition Target For Apple

In a recent note to clients, Citigroup analyst Jim Suva named Tesla as a possible acquisition target for Apple, if the company does in fact repatriate the ~$250 billion that the company has stashed overseas.

In a recent note to clients, Citigroup analyst Jim Suva named Tesla as a possible acquisition target for Apple, if the company does in fact repatriate the ~$250 billion that the company has stashed overseas.

In addition to Tesla, the Citigroup analyst also named Netflix and Walt Disney as possible targets for acquisition.

The note to investors was sent out as a result of US President Donald Trump’s previously revealed proposals to allow multinational corporations to bring back profits that have been stashed around the world in various tax havens at a tax rate of only 10%.

The note read: “Since one of the new administration’s top priorities is to allow US companies to repatriate overseas cash at a lower tax rate, Apple may have a more acute need to put this cash to use.”

Autoblog provides more: “Apple has shown clear intentions to enter the automotive segment, with a secretive group of engineers working under the Project Titan label. Apple was recently granted a permit to begin testing self-driving automobiles in California.

“Other potential acquisition targets include video game developers Activision Blizzard, Electronic Arts, and Take Two Interactive Software as well as video streaming service Hulu. The analyst said the targets were screened considering five criteria — strategic fit, global scale, transaction size, few non-strategic assets and likely impact on Apple’s share price.”

As a reminder here, Tesla’s market cap recently surpassed that of GM — so any potential acquisition certainly wouldn’t be cheap at this point. Though, it still might be quite a lot cheaper than such an acquisition in a few years time.

All of that said, Elon Musk and crew may have no desire to sell. Previous coverage of such a possibility — when Tesla was in more challenging situations — implied that Elon wouldn’t like to pass on control of the company until more of Tesla’s initial master plan was achieved … and the master plan has grown considerably since then.

Image via Carblogger.it

 
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:



I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Advertisement
 
Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

Comments

You May Also Like

Clean Transport

Production of the Tesla Cybertruck is on its way, and with the Model Y surpassing an important sales milestone in the first quarter, becoming...

Cars

A week ago, I was contacted by a company called TESCAMP. They wondered if I would like to try out their mattress for the...

Cars

Why I still love my Model 3 after 3.6 years and almost 100,000 miles. Looking at my Tesla app, my Tesla Model 3 odometer...

Cars

As a bright red BYD Atto 3 breaks up the grey Corolla gang in my suburban neighbourhood, the march of the electric vehicle invasion...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.