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According to Bloomberg (This article and its images were originally posted on Bloomberg February 4, 2019 at 09:21AM.)
The purchase price of $4.75 a share, announced by Maxwell in a statement on Monday, amounts to about a 55 percent premium to the target’s closing price on Feb. 1. Tesla is always looking for potential acquisitions that support its mission, a spokesman said.
For Tesla, the small acquisition gives the electric-car maker a short-term energy storage technology that its Chief Executive Officer Musk has called a key to the future of electric cars. Maxwell’s lithium-ion capacitors may assist with faster charging capability, said Theo O’Neill, an analyst at Ascendiant Capital Markets.
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