Friday, February 20th 2015. | Advanced Technology, Auto & Motor, Car

The rumors have been a’flyin lately when it comes to Apple’s intentions in the auto industry. The tech giant recently hired Johann Jungwirth, former president and CEO of Mercedes-Benz Research and Development, as Director of Mac Systems Engineering. Not only that, it’s also been reported that hundreds of Apple employees are currently working on a mysterious project codenamed “Titan,” with lots of action taking place at a secret automotive research lab. Throw in sightings of Apple-leased minivans wandering the Bay Area with complex equipment attached to their roofs, and you get predictions of a fully autonomous electric vehicle coming from Apple sometime in the future.

Well, here’s some more kindling for the rumor bonfire: investor and entrepreneur Jason Calacanis believes Apple will purchase Tesla Motors in the next 18 months for the unbelievable amount of $75 billion. Calacanis cites the recent reports listed above as potential indications of a buyout.

To quote a recent article from TechTimes:

“Given Tim Cook’s ‘obsession’ with renewable energy, Calacanis says it only makes sense that Apple is interested in buying Tesla. He also believes Tesla’s plan to take its five-inch thick batteries out of the Model S and into people’s garages to provide cheap electricity could further convince Apple to lay the $75 billion for Tesla. And given Apple’s reputation for introducing revolutionary new products in every market it enters, notwithstanding its lack of experience — think music, smartphones, and retail, Calacanis says Apple is the only company Musk will not be able to turn down.”

Click past the jump to read why rumors suggest Apple could buy Tesla.

Is Apple Going To Buy Tesla For $75 Billion? originally appeared on on Friday, 20 February 2015 15:00 EST.

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