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Elon Musk has confirmed rumors that he tried to sell Tesla to Apple not so way back, however Apple CEO Tim Cook wouldn’t even take the assembly.
Cook in all probability regrets it since Musk stated that he was prepared to let Tesla go for 1/10th of its current value.
There have been quite a few rumors relating to Tesla and Apple through the years.
They have been competing for expertise for a very long time, much more so since Apple launched its personal enterprise within the automotive business.
It led to Musk making his well-known remark that “Apple is Tesla’s graveyard” relating to the Cupertino firm hiring former workers of the electrical automaker.
In 2013, the CEO reportedly looked into promoting Tesla because the automaker was having difficulties ramping up manufacturing of the Model S.
In the Elon Musk biography by Ashlee Vance, it was revealed that Musk and Larry Page, the top of Alphabet (Google’s mum or dad firm), had a deal for the latter to buy Tesla, nevertheless it fell via.
At the time, there have been additionally rumors of Musk assembly with Apple’s mergers and acquisitions chief Adrian Perica, as he possible had to search competing bids.
Tesla pulled via the troublesome time, nevertheless it wasn’t the final of the corporate’s troubles. Now Musk confirmed on Twitter at present that he reached out to Apple to sell Tesla in the course of the “darkest days” of the Model three program:
During the darkest days of the Model three program, I reached out to Tim Cook to talk about the likelihood of Apple buying Tesla (for 1/10 of our current value). He refused to take the assembly.
Musk didn’t verify the timing, however he usually mentioned what he known as “production hell” when ramping up the manufacturing of the Model three from 2017 to early 2019.
As for 1/10th of Tesla’s current value, that will be roughly $60 billion.
Musk’s new feedback on Apple comes amid rumors that Apple might launch its personal autonomous electrical automobile in 2024.
Tesla’s CEO appeared unimpressed by the rumors, which got here from Reuters and acknowledged that the automobile might characteristic a battery cell with an LFP chemistry, which Tesla already makes use of, and presumably even a related structural battery pack design to what Tesla unveiled throughout its battery day a few months in the past.
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(This story has not been edited by Newslivenation employees and is auto-generated from a syndicated feed.)