Elon Musk Tesla sold in 2013 almost to Google (for only $ 11 billion) – Latest News

By: editors
04/20/15 – 16u47 Source: businessinsider.com Elon Musk. © AFP.

Car Elon Musk Tesla would almost 2013 Google have sold. That says Ashlee Vance, author of a brand new book about the life of Musk.

In 2013, Tesla boss Elon Musk his company have almost sold to Internet giant Google. This because in the development of the Tesla Model S, which at that time was still in a testing phase, a lot of bugs and problems occurred. Many customers were doubts and were previously closed deals and buying back. Tesla got into bad paper , and it even seemed as the company of Musk would go bankrupt. An acquisition by Google to be Tesla’s rescue.

Hard negotiator

> Tesla Model S P85d. © AFP.

In the first week of March 2013 approached Musk Google CEO Larry Page, as explained by two witnesses. Despite his plight Musketeer played the game according to them very hard. He suggested that Google Tesla would directly purchase an amount of about six billion dollars . In addition, Google was once an additional amount of five billion dollars to cough up for “possible extensions of the company”.

Musk himself also wanted to ensure that Google his company would not split or close before a third generation electric cars has been developed, which would have targeted the mainstream car market. He asked Page chosing a contract himself – under the takeover by Google – for at least eight years at the head of his company would leave, to produce such a car line was born.

Contractually bickering

According to Vance Page would have accepted the proposal, and the deal would have been as good as finalized. That the acquisition ultimately fell through, appeared to be due to the fact that the two men did not lead to the more specific contractual details .

While the negotiations were still underway, Tesla began selling more and more cars and thus make more profits. At one time the company was so much revenue that it could continue to exist without an acquisition by Google.

Today the market value of Tesla is about $ 26 billion . If the deal with Google two years ago have continued anyway, the Internet giant had clearly been there done with a gold case.