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FILE – In this Tuesday, Dec. 1, 2020, file picture, SpaceX proprietor and Tesla CEO Elon Musk arrives on the pink carpet for the Axel Springer media award, in Berlin. In a tweet Tuesday, Dec. 22, 2020, Musk stated he as soon as thought of promoting the electrical automotive maker to Apple, however the iPhone maker’s CEO Tim Cook blew off the meeting. (Hannibal Hanschke/Pool Photo by way of AP, File)
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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