Deals
Tesla Takeover Turns Tenuous Given Priciest Valuation: Real M&A
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Tesla Motors Inc., a long-speculated takeover target, just removed a barrier to a deal by paying off a U.S. government loan. The problem for would-be suitors is it’s also become the world’s most expensive carmaker.
The loan had contained language limiting Tesla’s ability to sell itself. A purchase probably still isn’t imminent because Chief Executive Officer Elon Musk might not be willing to part with Tesla and a buyer would have to pay top dollar for a 10-year-old company that just reported its first quarterly profit.