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Tesla CEO Elon Musk says he as soon as thought of promoting the electrical automotive maker to Apple, however the iPhone maker’s CEO blew off the meeting.
In a tweet Tuesday, Musk stated he reached out to Apple CEO Tim Cook “to discuss the possibility of Apple acquiring Tesla (for one-tenth of our current value). He refused to take the meeting.”
Tesla’s market worth is $616 billion, as of the shut of buying and selling Tuesday. One-tenth of that’s $61.6 billion.
Musk stated he sought out the meeting with Cook “during the darkest days of the Model 3 program,” a reference to Tesla’s first electrical automotive designed for the mass market. As just lately as 2018, Tesla was struggling to fulfill its automobile manufacturing targets and switch a revenue.
Tesla’s fortunes have modified since then. The automaker is lastly getting cash on a constant foundation after years of losses and continues to hit milestones for deliveries of its automobiles. Its shares have soared 665% this yr alone, making it the world’s most respected automaker and among the many prime 10 largest US corporations within the S&P 500 index, which Tesla entered on Monday.
Musk’s tweet adopted revealed studies suggesting Apple is engaged on creating its personal electrical vehicles.
Apple declined to remark.
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