Tesla (TSLA) buys Maxwell Technologies (MXWL) in 2019

February 4, 2019 - Tesla (TSLA) announced plans to buy Maxwell Technologies (MXWL) this morning for roughly $4.75 per share.  This is about a 50% premium to Friday's close.

Why is Tesla (TSLA) buying Maxwell (MXWL) for $218 Million?

Maxwell Tech (MXWL) makes ultracapacitors that are used in automobile batteries to lengthen their lives. They are also used for electric energy storage on power grids.  Maxwell has a vast patent portfolio and Tesla is paying a discount with today's share price vs the $12-$14 per share back in 2014.  From 2016-2018, shares traded in a range between $4.25 and $6.50.

It is very clear, Elon Musk likes Maxwell's technology!