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Tesla Could Yet Again Be Eyeing An Acquisition

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Tesla Could Yet Again Be Eyeing An Acquisition

Could Tesla Inc (NASDAQ: TSLA) be looking to partner with Meyer Burger Technology? Axiom Senior analyst Gordon Johnson believes a deal could be in the works.

“Through our regular checks we learned of an alleged meeting between the CEOs of Meyer Burger and Tesla; our contact suggested Tesla could be in talks to acquire manufacturing equipment using Meyer Burger’s heterojunction (‘HJT’) solar cell technology, which, on a mass scale, could result in PV cell manufacturing costs of ~50% below Panasonic [Panasonic Corporation (ADR) (OTC: PCRFY)]’s HJT tech,” Johnson said.

After hearing this rumor, Johnson reached out Meyer Burger. The company stated, “[O]f anyone looking for HJT manufacturing equipment, Meyer Burger will ‘speak to all of them,’ & Panasonic/Tesla ‘is also such a potential.’”

To read the latest exclusive news on Tesla, check out the Benzinga Pro news wire.

Latest Ratings for TSLA

DateFirmActionFromTo
Mar 2020Piper SandlerMaintainsOverweight
Mar 2020Morgan StanleyMaintainsEqual-Weight
Mar 2020Argus ResearchDowngradesBuyHold

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