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by boh
2004 days ago
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It's never a good decision for Apple to buy Tesla, even in hindsight. Buying a capital intensive company within a heavily regulated industry is not the same as buying a social media company or a messaging app. An increase in the stock price has little to do with the success of the actual business. Tesla hasn't gotten 600% better at being a car company. So far, Apple would only benefit from a Tesla purchase by selling the stock--which would defeat the whole purpose of buying it in the first place (Apple is not a hedge fund). |
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