No. CXO is not a takeover target. CXO is trading at a premium to it's NPV. CXO has a good project but it is a relatively small resource that is fully valued by the market (and then some). There are a lot of other less loved lithium stocks that look like better value for OEM's looking to move upstream.
some investors might believe that CXO will expand its resource size, but no OEM will pay a premium on that basis.
Also, CXO's competitive advantage is its low shipping cost due to proximity to ASIA. Tesla will be looking at American, canadian or west african projects. If at all.
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