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At what price? According to google, market cap of Ford: 44.30B, GM: 53.14B, Tesla: 54.28B.

The "worst comes to worst" scenario will not likely be priced at 54.28B

I imagine if they went bankrupt, those numbers would change.

Maybe.

A lot of the value in buying a company like Tesla is the patent portfolio. In 2014 Musk announced that these would be "open source", but I can't actually seem to find any legalese with the details.

As for the rest, I imagine the residual value is brand, a lot of which is deeply entangled with Musk himself. As a buyer I'd be asking for a hefty discount because I would expect Musk wouldn't stick around to spruik the goods.

I think is it more likely that Elon will use his equity from SpaceX to take it private.

If Elon had to chose between SpaceX and Tesla he’d choose SpaceX. He’s said as much many times.

Yea. But if giving up 20% of SpaceX gives him 100% of Tesla, he might go for it. Hope it doesn't get to this!