“A few days ago rumors of Apple/Tesla meetings resurfaced, and conclusions were once again leapt to about a possible acquisition,” Chris Umiastowski writes for iMore.
“It’s unfortunate that most people writing about the topic seems to have nothing but mergers and acquisitions (M&A) on the brain. I think there is absolutely no chance that happening and what’s more — I think there are far more interesting possibilities to consider here,” Umiastowski writes. “There is a huge area of potential common interest, and that’s batteries.”
“If [Tesla] are to even reach 1% market share in the global car market they probably need to obtain lithium ion battery supplies that represent something like 10x today’s world production,” Umiastowski writes. “That brings us to cash. Apple has gobs of cash. Tesla … they’ve got nowhere nearly enough money to build several gigantic battery factories. ”
Read more in the full article here.