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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.

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.
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