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During 2017 and 2018, Tesla struggled to ramp up excessive quantity manufacturing of the Model three sedan due to issues with automated manufacturing programs. He reached out to Apple Inc CEO Tim Cook to debate the opportunity of the iPhone maker buying Tesla Inc for a tenth of its present worth.
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Elon Musk was planning to promote the corporate to Apple Inc for a tenth of its present worth
Silicon Valley billionaire Elon Musk mentioned on Tuesday he reached out to Apple Inc Chief Executive Officer Tim Cook “during the darkest days of the Model 3 program” to debate the opportunity of the iPhone maker buying Tesla Inc for a tenth of its present worth.
“He refused to take the meeting”, mentioned Musk, CEO of electric-car maker Tesla, replying to a Twitter chain which cited a Reuters story on Apple seeking to produce a passenger automobile by 2024 with a brand new battery expertise.
During 2017 and 2018, Tesla struggled to ramp up excessive quantity manufacturing of the Model three sedan, with Musk on the time informing buyers the corporate was mired in “production hell” due to issues with automated manufacturing programs at its battery manufacturing facility in Reno, Nevada.
Also Read: Apple Car Could Come By 2024 With Breakthrough Battery Tech
However, Tesla overcame the issues and has since racked up a string of quarterly earnings. The electrical automaker turned one of the crucial useful firms to hitch the S&P 500 when it turned a part of the broadly adopted inventory index on Monday.
Shares of Tesla, nevertheless, ended 6.5% decrease in its S&P 500 debut, amid information of potential competitors from Apple.
Apple’s automotive efforts, often known as Project Titan, have proceeded inconsistently since 2014 when it first began to design its personal automobile from scratch.
Central to the corporate’s technique for auto manufacturing is a brand new battery design that would “radically” cut back the price of batteries and improve the automobile’s vary.
In the identical Twitter chain, Musk mentioned “monocell”, which Apple plans to make use of in its design, “is electrochemically impossible as max voltage is – 100X too low” except they’re bonded collectively.
Apple declined to remark whereas Tesla didn’t instantly reply to a Reuters request for remark.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
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