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Opinion
Mark Gilbert

BP Should Buy Tesla and Its Batteries

BP should get itself into an entirely new industry and bid for Tesla Motors, Elon Musk's upstart electric car and battery company.
Plugging BP into the future.

Plugging BP into the future.

Photographer: Bryan Mitchell/Getty Images

Executives at BP, which has a market value of about $130 billion and a family tree dating back to an oil discovery in Persia at the start of the 20th century, are worried. It turns out that Royal Dutch Shell ran its slide rule over BP before pouncing on BG Group for $70 billion. So BP's management is mulling whether it should become predator to avoid being prey to the likes of Exxon Mobil or Chevron.

Instead of bulking up on dirty fossil fuels, though, BP should move with the times into an entirely new industry. My candidate: Tesla Motors, Elon Musk's upstart electric car and battery company, which has a market capitalization of about $26 billion.