According to my opinion, Apple will most probably not buy Tesla, in the mid-term at least, as has been speculated by many research analysts and portfolio managers.
Simply because Tesla is an unprofitable company with a market capitalisation around one quarter that of Apple. Apple regularly achieves a net profit margin of above 20 %. Tesla is still barely profitable if one excludes government subsidies for clean energy vehicles.
And Tesla's market capitalisation at approximately 682 billion USD is more than 25 % that of Apple. With other words, if Apple decides to buy Tesla, Apple has to spend a huge sum of money even compared to Apple's highest in the world market capitalisation and still struggle to make the new Tesla business profitable.
There have been numerous media pieces of information that Apple is planing to develop its own, internally produced electric vehicle. As with iPhone these rumours claim that Apple will design the electric car and outsource its putting together manufacturing to a third party established car producer.
What is more, some analysts claim that Apple might develop an electric vehicle, that is also autonomously driven. Many analyses have shown that autonomous vehicles are sill a long way away, however.
Apple possesses extensive technological know-how and prowess and it is not too farfetched to assume that Apple could succeed in producing electric cars profitably if ever Apple Inc sets itself such a goal in earnest and starts executing on it.
Buying Tesla just costs too much money. Apple could build the electric car manufacturing capabilities for only a fraction of the 682 billion USD or more as a premium would have to be paid to purchase the whole of Tesla's enterprise.
And getting a huge new technological breakthrough product like an electric vehicle on the market will most certainly increase Apple's market capitalisation markedly.
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