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12/1/2020, 9:04 PM (Source: TeleTrader)
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Musk: We are open for merger conversation

The Chief Executive officer of American electric vehicle and clean energy company Tesla, Elon Musk, asserted on Tuesday that he would be open for conversation regarding a possible merger of his company with a rival.

Speaking at an Axel Springer event in Berlin, Musk said: "We are definitely not going to launch a hostile takeover. If somebody said it would be a good idea to merge with Tesla, we would have this conversation."

Earlier today it was revealed that Porsche engineer Alexander Hitzinger, transferred back to Volkswagen Group in order to build an electric car to tackle Tesla.

Breaking the News / TF