Tesla Motors is Not For Sale, Says Elon Musk


Photo: Michael Graham Richard
Indie Cred
Despite persistant speculation that Tesla would be gobbled up by a bigger carmaker, Tesla CEO Elon Musk says that he has no interest in a sale and cares more about shaking up the industry with innovation.
Photo: Michael Graham Richard

"I don't think it's a good idea to plan to sell a company," Musk said today in an interview with "Bloomberg West." "I don't personally have any interest in selling. I think there's a lot of innovation we can bring to the car business."

Part of the reason that Tesla should be able to stay independent is that it has partnered with big players, helping it keep the bottom line not too far in the red when it is in between models. Toyota and Daimler have both been working with Tesla as a supplier of battery packs and a development partner for electric vehicle technologies.

Musk owns about 27% of the company personally.

Via Bloomberg
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Tags: Electric Cars | Electric Vehicles | Transportation

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