“A book due out next month makes a surprise claim about Tesla Motors Inc.: the electric-car maker was in such dire straits in early 2013 that it almost was sold to Google,” Claudia Assis reports for MarketWatch.
“At the time, Tesla was struggling to turn Model S preorders into actual sales, and Tesla Chief Executive Elon Musk turned to his friend Larry Page, Google’s co-founder and chief executive, writes Ashlee Vance, a Bloomberg BusinessWeek reporter and author of the book, citing two people directly familiar with the arrangements,” Assis reports. “In the book, Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future, Vance describes how the depth of Tesla’s troubles had been hidden from Musk. After he found out, he fired some senior executives and promoted other employees. He also ordered some employees to work on closing car sales, regardless of their actual jobs, Vance writes, citing a person who was at the meeting.”
Assis reports, “Simultaneously, Musk proposed that Google buy Tesla and assure him it would spend $5 billion in a factory expansion.”
Read more in the full article here.
MacDailyNews Take: Tesla. Living on the edge.
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