Elon Musk would consider leveraging Tesla's mega $554 billion market cap to buy a legacy automaker, but only if it was on friendly terms, the billionaire entrepreneur said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Döpfner. Musk, who received an award Tuesday from the media giant, discussed his various interests and businesses, notably SpaceX and Tesla, both of which he leads. Döpfner noted that Tesla's valuation far exceeds the market cap of incumbent automakers like BMW, Daimler and VW, which along with others in the industry once dismissed Musk's ability to make electric vehicles mainstream.
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