Fortune Magazine: Could Ford Buy Tesla? Here’s How Likely A “Doomsday” Scenario Is

June 3, 2019

Former Tesla bulls have been bailing on the company. The stock continues to drop. Bond prices are at low levels. The automaker is burning through $1 billion in cash a quarter, the cash from the latest $2.7 billion funding round will be gone within ten months, and demand is falling off.

One of the classic business solutions would be an acquisition. Maybe a white knight with the cash and managerial and operational wherewithal to come in, buy the company, fix the broken parts, and let Tesla become what it had the potential to be. Or for a hostile takeover, where people who see an opportunity scoop up the company, break it apart for its value, sell off the pieces, and discard the remaining empty husk.

Read the full article at Fortune.com

Article written by Forbes contributor Erik Sherman
©2019 Time Inc. All Rights Reserved.

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About Dave Cantin Group:
Dave Cantin Group (DCG) is a full-service M&A firm that manages the sale and purchase of automotive dealerships throughout the United States. With over $11.5 billion in collective dealer acquisitions and $3 billion in dealership listings, DCG is one of the world’s largest automotive dealership M&A firms. Dave Cantin personally has helped raise more than $150 million in the fight against pediatric cancer, and DCG is committed to donating a percentage of its revenue to the cause. DCG is headquartered in New York with regional offices in California, Florida, Illinois, New York, and Texas.