The staff of Coins2Day recently assembled its predictions for 2016. Here’s one of our forecasts.
Apple (AAPL) has announced plans to build an electronic car, targeting 2019. Apple could dramatically accelerate this timetable by buying Tesla (TSLA). With over $200 billion cash on hand, the iPhone-maker has more-than ample resources to absorb the purchase, especially now that some of the bloom has come off Tesla’s once-rosy stock.
In addition to its automobile know-how, Apple gets access to Tesla’s battery technology, which CEO Elon Musk claims can help change “the entire energy infrastructure of the world.” Of course, Apple would also get Musk—a worthy heir to Steve Jobs’ “think different” legacy and ideally suited to be Apple’s futurist, chief technologist and CEO-in-waiting.
This article is part of the 2016 Coins2Day Crystal Ball, a package of 33 predictions about business, politics and the economy by the writers and editors of Coins2Day. To see the entire package, click here.