Tags: tesla | apple | rumors | merger

Tesla, Apple Rumors: Merger in the Works? Speculation Runs Rampant

Tuesday, 18 Feb 2014 03:08 PM

By Jonna Lorenz

Rumors that Apple and Tesla Motors may be in merger talks have spurred a flurry of interest, everywhere from Wall Street to Twitter.

On Sunday, The San Francisco Chronicle reported that the man in charge of Apple’s acquisitions, Adrian Perica, met with Elon Musk, the CEO of the electric automaker, last spring.

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The companies haven’t commented on the meeting, but speculations are high, with reports pointing out that the meeting happened during a busy acquisition period for Apple and after Tesla recruited former Apple employees.

This isn’t the first of Apple/Tesla rumors. An analyst wrote an open letter in October urging Apple to buy the automaker, according to the Wall Street Journal.

Investors also seemed to be reacting to the news, with shares of Tesla stock up more than 3 percent on Tuesday to a new high, according to USA Today. The company, which makes the Model S luxury sedan and is set to launch an SUV, reached a market value of $25 billion.

Rather than a full acquisition of the automaker, the talks could have to do with a partnership related to Tesla’s touchscreen infotainment system or battery technology, according to the New York Daily News.

Apple also may enter the medical device industry, according to the Chronicle.

Comments on Twitter were wide-ranging.

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