Call Us

+86 755 8958 4948

Blog
Home > Blog >

Has Tesla acquired any battery technology companies?

Not that I know of but Tesla did almost buy Simbol Materials, a small lithium extracting company, in 2014. Elon offered $325 millions, and the paperwork was reaching the final stage, but the company made two mistakes:

1. It decided to hire another company to evaluate its valuation. The price came back was $2.5 billions.

2. It decided to send that $2.5 billion valuation to Elon.

Elon saw the valuation and saw no room to negotiate. I mean there is a huge gap between $325 millions and $2.5 billions. So Elon instructed his employees to cut off all contacts with Simbol Materials. A few months later the company went out of business.

So it went from $325 millions to $2.5 billions and back to $0. The lesson here is that you have to give people a number they can work with. Too big of a gap and they just shut the whole thing down.

Focus keyphrase:
    • Get Best Quote

       WhatsApp Leave A Message
      youth-power.net @All Rights Reserved.    POWERED BY YOUTH-POWER