Apple could acquire Tesla if its stock falls below $ 100

The recent Tesla price chart is hard to swallow, even for fans. Over the last four trading weeks, the shares of the electric automaker have fallen by more than 25%, reaching their lowest level in five years, to $ 190 share Friday.

The situation could worsen in the next 12 months. If its shares fall from 50% to less than $ 100, Tesla could be bought by a larger company, forcing its unruly CEO, Elon Musk, to work for the first time for someone else.

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This is at least the scenario of Scott Galloway, professor of marketing at New York University, known for his harsh criticism but often direct on the most advanced companies in the technology sector. When asked what the future would do for the electric car manufacturer at war in an interview with Yahoo Finance this week, Galloway boldly predicted that "it's the year when Tesla get rid of it.

"This company could be halved," said Galloway, noting that Tesla's current price is only half of what it was a year ago. "And if you did not know it had been cut in half, you would look at it and say," For a car manufacturer, it is overvalued. "

In addition to Tesla's obvious problems, such as disappointing first-quarter deliveries and declining market demand, Mr. Galloway, owner of Tesla's X model, said he was deeply troubled by the "catastrophic turnover of executives". "that" he described as "America's weakest board" as well as a CEO who "has absolutely no control over his emotions".

If the stock continues to plummet below $ 100, as it predicts, Tesla could eventually attract some interested buyers. "I think Tesla will go under $ 100 a share in 12 months," Galloway said. "And I really think so [will get] acquired because the value of the mark is real. You could see a lot of different people pull out their pencils and say at one point, when did Tesla become a really interesting arrow in their quiver?

Mr. Galloway added that Apple would be a favorite when a buyout is being considered because it is "the world's first organization in the creation of technological equipment, and you would say that Tesla [products] are first-class equipment. So, from a product point of view, that makes sense. "

In fact, Apple would have thought about projects in the world of autonomous cars for years. Craig Irwin, an analyst at Roth Capital Partners, told CNBC earlier this week.

Still, some Wall Street analysts think this possibility is a joke. According to a private conversation between Morgan Stanley and its institutional investor clients on Wednesday, it's unlikely that a Tesla acquisition by a technology giant like Apple or Amazon, Yahoo Finance reports.