Video: Praxis Trading Analyst – General Motors Might Buy Tesla in 2014
Tesla Motors is on a roll.
Sure, Tesla has hit a few snags here and there, but the electric automaker continues to make all the right moves as it attempts the near-impossible: succeeding as a US startup automaker.
There’s been chatter from time to time regarding who will buy out Tesla and when, but Tesla CEO Elon Musk continues to insist that absolutely no buy out will occur until after Gen III launches in 2016-2017. Even then, Musk says he may still on board and Tesla could remain independent, but in his view there’s no Tesla sell off until Gen III arrives.
Yra Harris of Praxis Trading thinks otherwise.
As Harris told CNBC, one the the Detroit Three could buy Tesla in 2014. We think Harris is wrong, but Harris says General Motors and Tesla make “such a perfect fit” and that GM could buy Tesla in 2014 to get access to the technology it needs. Harris seems to believe that GM is already in the process of studying Tesla and that a move to buy could come in less that a year.
Again, we don’t see this GM buyout of Tesla happening and certainly not in 2014, but we’re not all-knowing, so maybe we’re wrong.