Elon Musk would consider having Tesla acquire a legacy automaker

Elon Musk would consider leveraging Tesla’s mega $554 billion market cap to buy a legacy automaker, but only if it was on friendly terms, the billionaire entrepreneur said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Döpfner.

Musk, who received an award Tuesday from the media giant, discussed his various interests and businesses, notably SpaceX and Tesla, both of which he leads.

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