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Apple looking to buy electric cars

Apple looking to buy electric cars

Apple looking to buy electric cars

Over the past few years Apple has grown substantially after the demand for iPhone and iPad grew. Apple is thinking about options for expansion and many of us instantly think IPhone 6, iPhone 7 but to everyone’s surprise they are looking at electric cars.

Neither Tesla nor Apple has publically commented on the meeting, but speculation is rife that Apple intends to buy Tesla to make a move into electric cars.

It might not seem like an obvious choice for the company, but that's why some analysts are urging Apple to do it. While smartphone and tablet growth has been outstanding, there are fears that the market is maturing and growth will begin to slow down. Diversifying the company and moving into a different market would give Apple the potential to keep on growing.

Apple have plenty of funds to pay for this venture as it was believed that as of Septemeber 2013 apple had made over 156 billion in cash.

It's this money that could make the deal enticing for the electric car manufacturer. While Tesla has seen growth, particularly with its Model S hatchback, the company has found cash flow to be a problem in the past; with Apple buying the company, this problem would effectively go away.

With neither Apple nor Tesla ready to comment on the alleged meeting, there's not much more to report at the moment. However, if Apple were to buy Tesla, we could be in for some interesting times, for both the technology and car markets.