Apple Could Takeover Tesla With Cash Reserves, Says Citi

- 1:11:00 AM
Citigroup has specified an amount of other companies that were large along with Tesla as potential takeover targets for Apple.

Apple Could Takeover Tesla With Cash Reserves, Says Citi

The engineering giant currently has over $250 million in cash waiting to become put to function and in an email to customers, Citigroup analyst Jim Suva claimed Netflix, Tesla or Walt Disney are all feasible goals for Apple, Reuters reports.

Apple Could Takeover Tesla With Cash Reserves, Says Citi

As more than 90% of Apple’s money is offshore but under new suggestions from President Trump, stands, multinationals can deliver offshore revenue into the U.S. at a 10 percent tax rate set alongside the recent 35% fee. Apple uses it in an enormous takeover and can thus bring about $220 billion for the U.S.

Apple Could Takeover Tesla With Cash Reserves, Says Citi
“Since one of the new governmentis top priorities will be to let people firms to repatriate international cash in a lower-tax rate, Apple could have a far more severe need to fit this money to-use," Suva said.
Apple Could Takeover Tesla With Cash Reserves, Says Citi

It’s unlikely to occur while Apple might easily takeover Tesla having its $51 billion market cap. it did not eventuate although many years before, there is similar chat of an Apple takeover. Given that Tesla chief executive Elon Musk believes his corporation can exceed the $750 billion worth within a decade of Apple, it's hard to believe he'll relinquish control of the automaker that is electronic.
 

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