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Apple is working on a deal to buy Tesla? The senior officials of both the companies are already meeting secretly, if sources are to be believed.
The buyout would be a godsend for Apple, which is struggling to match the kind of innovation seen during the Steve Jobs-era, and has been looking to expand out of the consumer electronics market.
But an acquisition wouldn’t make much sense for Tesla, with its stock price rocketing in the past year and the eagerly awaited release of the Model X SUV.
Speculations are also rife that the two companies are combining forces in a new battery factory. Tesla recently announced such a battery plant, claiming the new units will more than double gigawatt battery global output.
The secret meeting comes after months of Tesla recruiting of former Apple employees such as Kristin Paget and an increase in Apple acquisitions.