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Tesla boss Elon Musk does not rule out a merger of the electric car supplier with traditional manufacturers in the industry. “We will definitely not initiate a hostile takeover attempt,” Musk said Tuesday at the Axel Springer Awards presentation in Berlin. But if a competitor approaches Tesla with a proposal, it will be discussed.
With the trend towards electric mobility, Tesla has become by far the most valuable automaker in the world with a market value of around $ 550 billion. The other automakers play in a different league when it comes to market value. VW is currently worth around 78 billion euros, Daimler a good 60 billion euros, and BMW around 44.5 billion euros.
With the completion of the Tesla factory in Grünheide, near Berlin, it will spend more time in Germany, Musk said. The American company plans to build up to 500,000 electric cars per year at the plant starting next summer. Additionally, Musk recently announced that parts of the factory will also house the world’s largest battery production. The plant should have around 12,000 employees.
Musk also said that in a decade, most new vehicles will have autonomous driving capabilities, he believes. At the same time, there will be situations where people will like to drive themselves until further notice. “But it will be increasingly unusual to drive your own car.” Tesla’s software, which can relieve the driver of controlling the car in most situations, should be ready for the market next year, even if approval could take longer. Unlike most other developers, Musk wants to do without the more expensive laser radars in autonomous driving and get by with just cameras and radar sensors.
