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FAANG Could Take a Bite Into Tesla -- ICYMI

Video Credit: The Street - Duration: 03:23s - Published < > Embed
FAANG Could Take a Bite Into Tesla -- ICYMI

FAANG Could Take a Bite Into Tesla -- ICYMI

Apple , Amazon and Google are all top candidates to buy Tesla , should the electric car giant put itself on the block, a top tech mind told TheStreet.

The idea that Tesla might be bought seems crazy to some, as it's highly levered and mostly unprofitable.

And if it's going to be bought, the financial mite to actually complete the acquisition would likely be found in a corporate buyer, rather than a financial buyer.

"There's a fifty percent chance it's one of those three [Apple, Google, Amazon]," Gene Munster told TheStreet.

He even threw Microsoft in there.

Tesla's market cap is currently just above $34 billion, meaning a 20% premium paid for the company would mark the offer price at roughly $41.2 billion.

The median market cap among the four aforementioned tech behemoths is $880 billion.

Case in point: These players have the cash to buy Tesla, and none of them are debt laden.

Munster said Apple would be the most likely to buy Tesla, an opinion surprising to many, yet news broke earlier this week that Apple was willing to pay just under $30 billion for Tesla in 2013.

Elsewhere, Target beat earnings estimates, and the stock soared as much as 9% Wednesday, as e-commerce growth is currently more than satisfactory to investors.

But with Target's forward on-year earnings multiple at 12.46, which isn't necessarily high for it or its peers, the stock could still be a buy as it grows its earnings per share, many people say.

Related.

Target Tackles Tariff Issue, Touting Mitigation Strategies Sign up for the daily In Case You Missed It Newsletter Here Amazon, Apple, Google and Microsoft are holdings in Jim Cramer's Action Alerts PLUS member club.

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