Health & Fitness
Apple and Tesla
Apple is the world’s most valuable, by market capitalization, technology firm in the world. Generating tens of billions in profits annually, Apple is arguably one of the most successful firms in the world. Riding the wave of various “i” devices, the firm has products in most American homes and has become a darling of hedge fund manages the world over. Lately, however, growth projections have declined, and investors, as well as market watchers, have begun to ask questions regarding the future of the firm. Activist investors such as Carl Icahn, and institutional investors, such as CALPERS, have waged a proxy war over the large cash pile that Apple has.
The same question is on everyone’s mind – what will Apple do next to continue the rapid growth that the market has come to expect? And, what will Apple do with the enormous cash balance it has generated?
An answer to both of those questions might lie in an area that previously was not widely seen as an option – acquiring Tesla. Tesla, an electric car manufacturer that has captivated both the world, and marketplaces around the world, has made numerous headlines during the last 12 months. Rumors, fueled more intensely by the news that Apple’s M&A chief met with Elon Musk last year, have given this story more legs than simple speculation.
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The question is – in the future, will cars belong with tech firms?
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