[Auto] Elon Musk does not close the door to a possible merger of Tesla with another manufacturer

[FNX Magokiler]

The tycoon had an impact on the automotive industry, although he did not want to delve into the possibility of a merger happening in the short term.

 

 

The last few months have been successful for the Tesla electric vehicle brand, and the proof of this is that the company reached a historic $ 500 billion in market value, leaving Elon Musk as one of the richest people on Earth. . With this livelihood involved, the founding tycoon of the Californian firm did not close the door to an eventual merger with another car manufacturer in the future, in a statement that generated surprise in the international press. Musk made these sayings after being awarded the Axel Springer Prize in Germany, known as the "Engineers Oscar." "We are definitely not going to launch a hostile acquisition, but if someone said it would be a good idea to merge with Tesla, we would have this conversation," he said according to statements collected by Jalopnik. Although he did not want to delve further into the subject, this statement generated a high interest in the automotive industry considering that Tesla is the most important brand of electric vehicles in the world and its projections are to continue growing in this segment. 20 more years for the massification of electric vehicles On the other hand, the tycoon also said that electricity consumption will double if the world's car fleets are electrified, which increases the need to expand the sources of generation of nuclear, solar, geothermal and wind power. Increasing the availability of sustainable energy is a major challenge as cars move from combustion engines to battery-electric ones, a change that will take two decades, he said. "It will take another 20 years for cars to be fully electric. It's like with phones, you can't replace all of them at once," Musk said in a talk broadcast on the Bild.de website, adding that about 5% of vehicles are replaced every year. Once electric cars become the norm, electricity from intermittent generation power sources like wind and solar will have to be stored, likely through battery technology, he said. "Along with large battery packs, you need to combine both, wind power with battery packs and solar power," Musk said.