Elon Musk says Apple passed on potential deal to acquire Tesla - News Summed Up

Elon Musk says Apple passed on potential deal to acquire Tesla


Elon Musk said he once considered selling the electric car maker to Apple (Hannibal Hanschke/Pool Photo via AP)Tesla chief executive Elon Musk said he once considered selling the electric car maker to Apple, but Tim Cook rejected a request for a meeting. Mr Musk said he contacted Mr Cook “to discuss the possibility of Apple acquiring Tesla (for one-tenth of our current value). During the darkest days of the Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value). — Elon Musk (@elonmusk) December 22, 2020As recently as 2018, Tesla was struggling to meet its vehicle production goals and turn a profit. Mr Musk’s tweet followed published reports suggesting Apple is working on developing its own electric cars, but Apple declined to comment.


Source: Irish Independent December 23, 2020 04:27 UTC



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