GM Eyeing Tesla for Possible Takeover in 2014

TeslaTeslaUnited States of America, 2003 > present4 models
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has built itself up from a boutique sports car maker to an automaker garnering accolades all over the world and rapidly growing sales. Rumors are spreading that General MotorsGMUnited States of America, 1998 > present8 models
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may be eyeing Tesla for a possible buyout.

Analyst Yra Harris of Praxis Trading told CNBC that he believes that GM will attempt to buy Tesla sometime in 2014.

Tesla sold 5,500 Model S cars in the third quarter, a new record for the company, and plans to grow in Europe and China in 2014. It also has a side business as a contractor that develops and builds battery technology for ToyotaToyotaJapan, 1937 > present155 models
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in its electric Rav4Toyota Rav4 EVJapan, 2013 > present5 photos
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and Mercedes-BenzMercedes-BenzGermany, 1924 > present197 models
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.

Tesla’s factory was originally built by GM in 1962 and was operated as a joint venture between Toyota and GM from 1984 to 2009. Toyota closed the factory in 2010, and Tesla took it over to build vehicles.

Source: USA Today