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Company: Tesla Has your firm participated in any mergers or acquisitions in the past three years?...

Company: Tesla

Has your firm participated in any mergers or acquisitions in the past three years? What was the nature of these actions? Did they result in a con­solidation of competitors?

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Starting from 2015, Tesla has acquired Deepscale, Maxwell Technologies, Grohmann Engineering, Riviera Tool and Solar city in the past few years. All the actions of acquisition were initiated by Tesla in Feb 2019 in order to provide the electric car automaker Tesla a leading edge. Tesla has acquired Maxwell Technologies in order to improve its batteries and reducing the cost of operations.

Company has acquired Solarcity in the year 2016 in order to provide a cutting edge technology in utilizing solar energy for the batteries and contribute towards greener economy.

Tesla has acquired these companies in order to make it more competitive with better performance by utilizing their expertise and to bring down the cost of production. This would make the company highly competitive and better compared to competitors. It would also result in a consolidation of competitors as the competitors have joined hands with Tesla and together achieving the goal of profit maximization and contribute towards greener economy.

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