Elon Musk spoke with German website Bild.de and said in a livestream that he and Tesla would consider a merger with a competitor if it made sense.
Once EVs become the norm, electricity from intermittent generating energy sources such as wind and solar will need to be stored, probably through battery technology, Musk said. He also said he was open to discussing a merger of Tesla with a rival.
Meanwhile, Musk also said he was open to discussing a merger of Tesla with a rival.
Musk during the event in Germany was asked whether he would consider buying a rival carmaker given that Tesla's market value of more than $500 billion would make it easy to launch a takeover bid.
"We are definitely not going to launch a hostile takeover. If somebody said it would be a good idea to merge with Tesla, we would have this conversation," he said.