“Apple Inc. CEO Tim Cook coyly avoided the question at Apple’s media event on March 9 that most people wanted him to answer — will Apple be interested in buying Tesla Motors Inc,” Ritesh Anan writes for Benzinga.
“Ross Gerber, CEO of Gerber Kawasaki, which holds a large stake in both Apple and Tesla was on CNBC Wednesday to discuss why he feels Apple won’t be buying Tesla, but can make a strategic investment in it,” Anan writes. “‘The battery is really the story,’ Gerber said. ‘What I see Apple doing is making an investment into the battery factory and helping Tesla raise capital…. Maybe buying let’s say $4 or $5 billion worth of Tesla, let’s say 15 or 20 percent, 10 percent, somewhere in there, just so that they can own the technology for the batteries, help them the capital they need to advance the process.”
Read more in the full article here.
MacDailyNews Take: Apple certainly has the cash and the cash flow to dabble in whatever they’d like.