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IPFS News Link • Transportation

Tesla Jumps After German Press Says Volkswagen Preparing Acquisition

•, by Tyler Durden

Per the magazine, Tesla is getting ready for a takeover, perhaps by Volkswagen, as carmakers scramble to roll out rival electric cars.

Of course, given Musk's track record, it's important to take this news with a grain of salt, given Musk's history of self-serving leaking and (at times) outright lies - but Tesla shares are ripping higher in the premarket.

As investors lose confidence in the company, Tesla is reportedly facing up to the fact that a takeover is probably its best option, with reports indicating that Volkswagen is interested. Though, as the report noted, it might be difficult to win approval for the merger from the Porsche family.

Street Insider called the rumor "very speculative"...

...and the rest of Twitter's immediate reaction was - err, skeptical - to say the least. 

Anarchapulco 2023