Boston, MA 02/20/2014 (wallstreetpr) – Apple Inc (NASDAQ:AAPL) is said to be considering a bid to purchase electric car maker Tesla Motors Inc (NASDAQ:TSLA). And that is not all; the iPhone maker is also harboring ambitions to invest in medical devices, especially those which can help with prediction of heart attacks.
It seems obvious why Apple Inc would be interested in making such ambitious and sometimes surprising business moves. Among many other reasons, Apple Inc has been under pressure of late for its lack of innovation at a time when revenue from the sale of smartphones and tablets is falling apart.
Thus, the company is obviously seeking for growth opportunities outside the iPhone and iPad markets. So then, rumors are widespread that the company might enter into automotive and or medical industries. Several media reports have been pointing such theories, although the chatter around the same has not gained so much currency on the Internet talk points.
Salivating for Tesla
It emerged from a report appearing in The San Francisco Chronicle that last spring Tesla Motors Inc (NASDAQ:TSLA) Chief Executive Officer Elon Musk met with Apple Inc executives including CEO Tim Cook and merger and acquisitions chief Adrian Perica, to discuss a potential buyout deal for the electric car maker.
Tesla has been an exciting company and stock in recent times. The company is breaking new grounds almost every day with its flagship car Model S. The demand for the car is soaring in the U.S., Europe, China and other global markets and at some point last year Tesla announced that its only drawback was battery supply shortage. The stock burnt sometimes late last year when three fires were reported in the car in a span of less than two months. However, the stock’s upward rally has since been restored as it becomes clear that Tesla cars and in fact safer than most of not all other cars on the road.
That Perica – the chief of merger and acquisition – was part of the Apple Inc (NASDAQ:AAPL) delegation that met Mr. Musk seems to reveal more than just discussing how to integrate iOS into Model S dashboard.
Not farfetched
It would not be a farfetched consideration by Apple Inc (NASDAQ:AAPL) to considering buying out Tesla Motor Inc (NASDAQ:TSLA). Just around the time when it is reported executives from both ends met, some analysts had already started drifting to the thoughts of the two companies coming together. In any case, it has been variously said that Tesla’s cars are more like iPhones on wheels.
