How A Formerly Struggling Tesla Almost Became Part Of Google
SAN FRANCISCO (KCBS) -- Tesla very nearly became a part of Google when the electric car company was cash-strapped and on the verge of bankruptcy, according to a published report.
Bloomberg reported that Tesla CEO Elon Musk presented Google co-founder Larry Page with a deal for Google to buy Tesla outright for $6 billion when including a big premium over Tesla's value at the time.
Tesla was struggling at the time with Model S issues, but soon the car's sales improved and Musk ended the talks as Tesla was able to repay its loan from the government.
Google can only wonder what could've been as Tesla is now valued at about $26 billion dollars, while Google continues to develop its own self-driving technology, with hopes of bringing a car to market by 2020.
It's been reported in the past year that Apple may be interested in buying Tesla as well.
