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Tesla (ticker: TSLA) realizes that in order to be seen as a serious car manufacturer, they will need to take some drastic moves. Elon does
Tesla (ticker: TSLA) realizes that in order to be seen as a serious car manufacturer, they will need to take some drastic moves. Elon does not want to design his own non-electric cars, so he brokers a deal for Tesla to buy Ford (ticker: F). Tesla will retain its name and assimilate Ford's operations into their own. There will be some culture shock for Ford employees, but the new firm will be better positioned to compete against emerging Asian competition. This type of M&A activity is known as: (select the best, and most technical, answer)
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