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Analyst Predicts Tesla Motors Sale In 2014

The progress of Tesla Motors, electric car startup co-founded by PayPal billionaire Elon Musk, has been eye-opening for many in 2013.

While the company hasn’t been immune to the pressures of building a new car, and accident-related fires caused the firm’s lofty stock price to dip towards the end of the year, the company has jumped every hurdle with professionalism uncommon to startups and most importantly, it’s turned out a desirable, competitive product.

Tesla Motors’ [NSDQ:TSLA] relative success with electric vehicles is why one analyst is predicting the company might actually be sold to a major automaker in 2014. According to USA Today, veteran trader Yra Harris of Praxis Trading told CNBC this week that he predicts General Motors may buy the electric automaker next year. General Motors Company [NYSE:GM] already produces two plug-in electric vehicles, the range-extended Chevrolet Volt and Cadillac ELR, but modest success makes the buzz-generating Tesla a tempting acquisition proposition.


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