There have been speculations of Apple and Tesla merging into a single company. According to the San Francisco Chronicle, based on information from the highest ranking officials on both sides, the two met in Cupertino, last spring.
Quoting insider sources, the publication speculates that “taken together, Apple's potential forays into automobiles and medical devices, two industries worlds away from consumer electronics, underscore the company's deep desire to move away from iPhones and iPads and take big risks.”
What would happen if Apple buys Tesla? Here's a video from Fox news: