Elon Musk may have met with Apple M&A Chief Adrian Perica.
Thomas Lee and David R. Baker writing for The San Francisco Chronicle:
“A source tells The Chronicle that Perica met with Tesla CEO Elon Musk in Cupertino last spring around the same time analysts suggested Apple acquire the electric car giant.”
Why would Apple and Tesla “dance”?
Analyst Andrea James, (whose $200 price target on Tesla was spot on,) said:
“‘They’d get access to deep pockets, but Tesla’s got access to Wall Street right now,’ said Andrea James, who covers Tesla for the Dougherty & Co. investment bank. ‘I could see a partnership more than a takeout.'”
|Tesla Weekly Stock Chart|
For now, it appears communications lines are open.
Sounds like, innovation ahead.
Update – Analyst James raised her price target to $325, after Tesla’s 4Q earnings report on Feb. 19, 2014, soundly beat Wall Street estimates.