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Tesla almost parked in Google's garage
In early 2013, as Tesla was struggling to boost demand for its electric cars, turn a profit and steer itself away from the threat of bankruptcy, CEO Elon Musk came close to finalizing a deal to sell his company to his friend Larry Page at Google in an effort to save it, according to a report in Bloomberg excerpted from a forthcoming book on Musk.
The deal would have reportedly seen Google fork over $11 billion in total to buy Tesla, including $5 billion which would have been allotted for factory expansions, with assurances to let Musk continue running Tesla for up to eight years. As negotiations continued, Tesla's sales began to improve and Musk ultimately felt comfortable walking away from the deal Read more...
More about Google, Larry Page, Elon Musk, and Tesla
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