Tesla move puts takeover closer

Loan paid, but carmaker’s CEO says deal still distant

Posted: June 25, 2013 at 3:17 a.m.

Tesla shareholders look at a Model S sedan after the Tesla Motors Inc. annual meeting in Mountain View, Calif., on June 4.

Tesla Motors Inc., a long speculated takeover target, just removed a barrier to a deal by paying off a U.S. government loan. The problem for would-be suitors is it has also become the world’s most expensive car maker.

This story is only available from our archives.

Business, Pages 21 on 06/25/2013


« Previous Story

China distress causes stock sell-off

An investor watches a board displaying stock prices Monday at a brokerage house in Huaibei, China.

More signs of distress in China’s economy and rising bond yields led to a broad sell-off in stocks Monday, lea... Read »

Next Story »

Citi gets OK to open first office in Iraq

Citigroup Inc. is set to become the first American bank to open an office of its own in Baghdad, highlighting financial firms’ growing interest in Iraq a decade after the U... Read »