LTLFTcomposite wrote:cwerdna wrote:Can't see why a company would want to blow over $50 billion in cash or stock or borrowed $ to buy a currently overvalued company that's blowing thru cash like crazy and racking up major losses to boot (somewhere past $3.8 billion in cumulative net loss).
They wouldn't. But at $20 a share I can easily see them being a buyer. What the actual number is who know, but my guess would be something that would have current shareholders in tears.cwerdna wrote:It's probably less risky for a company to start their own EV program for several billion $, which would still be WAY cheaper than buying TSLA.
Wasn't that project Titan? How did that work out? As much fun as it is to bash the likes of GM, Ford, Nissan or whatever, building all that from the ground up is a daunting task when you consider design, engineering, marketing, compliance, manufacturing, distribution, a nationwide if not worldwide network of sales and service locations (even if you do hate dealers, you need something), and a bunch of other things I'm sure.
Why even buy it at $20? Just wait a little longer for the assets' 'fire sale' when Chapter 7 bankruptcy occurs, e.g. then buy cheaply
the basically unused M3 assembly robots.