Is Google Thinking of Buying Tesla Motors?

Is Google Thinking of Buying Tesla Motors?

Tesla Motors has been the talk of the town recently, having not only released a stellar car, but also announced a massive network of fast charging stations and a battery swapping scheme, and having used an IPO to catapult its stock to absurd levels ($101.71 as of publication). Of course, all this buzz is generating a lot of interest in the company, and the rumor mill is now alight with portents of a takeover.

Tesla has been previously unable to sell itself, due to the stipulations of a particular government loan, but it has now paid that off. Rumors have swirled regarding Apple considering a purchase of Tesla before, but now Bloomberg is speculating that Google is considering a takeover. It would make the recent purchase of Waze make even more sense. The problem with buying Tesla, at the moment, is that it's a ten year old company that has only ever turned a profit in one quarter, and trades at 816 times its estimated 2013 earnings. 

Regarding the situation, Musk commented “I’ve said from the very beginning, from the creation of Tesla, that our goal is to create a compelling mass-market car. I would not consider stepping away from Tesla until we’re there; We’re several years away obviously.”

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[via Bloomberg

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