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Christopher Bruce0000-00-00 00:00:00

GM Eyeing Tesla for Possible Takeover in 2014

Tesla has been growing gradually and plans to grow in Europe and China

 
 
Slideshow
Tesla has been building itself in the past few years

TeslaTeslaTeslaUnited States of America, 2003 > present4 models
208 photos
has built itself up from a boutique sports car maker to an automaker garnering accolades all over the world and rapidly growing sales. Rumors are spreading that General MotorsGMGMUnited States of America, 1998 > present8 models
240 photos
may be eyeing Tesla for a possible buyout.

Analyst Yra Harris of Praxis Trading told CNBC that he believes that GM will attempt to buy Tesla sometime in 2014.

Tesla sold 5,500 Model S cars in the third quarter, a new record for the company, and plans to grow in Europe and China in 2014. It also has a side business as a contractor that develops and builds battery technology for ToyotaToyotaToyotaJapan, 1937 > present155 models
4672 photos
10 videos
in its electric Rav4Rav4 EVToyota Rav4 EVJapan, 2013 > present6 photos
1 video
and Mercedes-BenzMercedes-BenzMercedes-BenzGermany, 1924 > present197 models
9899 photos
33 videos
.

Tesla’s factory was originally built by GM in 1962 and was operated as a joint venture between Toyota and GM from 1984 to 2009. Toyota closed the factory in 2010, and Tesla took it over to build vehicles.

Source: USA Today

Encyclopedia
TeslaTesla
Model SModel S
Model SModel S
Engine
--
Battery Type
--
Top Speed
129 mph
Transmission
single speed reducer
Maximum power
--
Type
Fixed-head coupé
Fuel
Electric
Range
--
price
$ 59.000
annual ownership cost
--

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