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Forget about Tesla going private - there's still time for Apple to buy the company

Posted On: Aug 18, 2018   |   Posted By: Business Insider

Forget about Tesla going private - there's still time for Apple to buy the company

Tesla CEO Elon Musk is in the middle of a go-private saga around the carmaker.
Various ways to fund a potential deal have been debated, but nothing solid has yet emerged.
Yet again, Apple and its pile of cash and trillion-dollar market cap could ride to the rescue.
The circus maximus of Tesla's go-private plan has been with us for about two weeks. I've already pointed out that we shouldn't be surprised that Elon Musk doesn't want to be the CEO of a public company anymore, but to be honest this thing has gotten pretty nuts.
The deal itself - or non-deal, or theoretical deal, take your pick - is the nuttiest aspect. Musk wants to convert all Tesla's major shareholders from public to private status and raise enough money to buy out anybody who can't or doesn't want to come along for the ride.
This has reduced the price tag from a staggering $80 billion (Tesla's market cap at a $420 per share exit valuation plus debt) to a far more modest but still chewy $15 billion-$20 billion , based on my own...

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