Elon Musk Almost Sold Tesla to Google

Tesla may be a hot stock right now, but there was a time when things didn't look so rosy for Elon Musk's company. Back in 2013, just weeks before the company posted its first-ever quarterly profit, it was nearly bankrupt. Things were so bad the Musk thought the best choice might be to sell it to none other than Google. The first week of March 2013 saw Musk reaching out to Google's Larry Page with a proposal for the search engine behemoth to buy the whole company. According to an upcoming book, Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future, even with the company nearly bankrupt, Musk wasn't willing to give away his baby and had some pretty big demands. RELATED: See More Photos of the 2013 Tesla Model X He would have sold it for about $6 billion with another $5 billion allocated to factory expansions. The goal here was to keep Tesla going. So, he also wanted guarantees that they wouldn't break the company apart or simply shut it all down before the third Tesla hit the market. The deal was struck and the lawyers began hashing out the details. It was that close. In the following weeks, Tesla shares doubled in price, they repaid a $465 million loan from the U.S. Department of Energy ahead of its due date, and things started to look very good for Tesla. This led to Musk breaking off negotiations with Google, and Tesla remained its own company. RELATED: See the 2015 Larte Design Tesla Model S Source: Bloomberg ____________________________________ Click Here to Read the Original Article on BoldRide

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