Apple didn’t instantly reply to a request for remark
Musk made the declare in response to a publish a few Reuters report printed Monday. Apple is planning to introduce a mass-market vehicle that may make use of latest battery expertise, in accordance to the Reuters report, which cites nameless sources.
“I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value),” Musk stated in a tweet. “He refused to take the meeting.”
Musk stated on Twitter the Reuters report was “strange, if true” and added in a second tweet that he approached Cook a few doable sale in the course of the early days of Tesla’s Model Three program, the mid-market sedan that hit the market in 2017. The Model 3 suffered months of producing difficulties and different points, together with automobiles being assembled in a tent subsequent to Tesla’s Fremont, California manufacturing facility. The Model Three is now the best-selling luxurious automotive in America, fueling Tesla’s rise to the most useful automaker on the earth.
In August of 2018, Musk claimed on Twitter that he was contemplating “taking Tesla private” with “funding secured.” That tweet turned out to not be true, and after an investigation by the Securities and Exchange Commission, Musk agreed to a settlement that included a provision that he would have tweets regarding “any information about Tesla’s financial condition” or “potential or proposed mergers” reviewed by an “experienced securities lawyer.”
It is unclear if an skilled securities lawyer reviewed Musk’s Tuesday tweets.
Breaking into the auto market is a notoriously troublesome endeavor. Musk has stated that Tesla was almost bankrupt at a number of factors all through its 17-year-history. The firm solely posted its first annual revenue final 12 months.
PreetiJha 
Vaibhav Kapoor