Elon Musk claims he tried selling Tesla to Apple but Tim Cook wasn’t interested
Reacting to Reuters’ recent news that Apple has not abandoned its electric car program and is still pursuing plans to build a physical vehicle, Musk tweeted that in “the darkest days” of scaling Model 3 production, he reached out to Apple CEO Tim Cook and raised the possibility of the Cupertino company acquiring Tesla. Musk says that Cook refused to take the meeting.
TechCrunch has reached out to Apple for comment.
Musk’s short tweet did not clarify exactly when this timeline was, though given public information about Tesla’s Model 3 production, it was likely between 2017 and 2019. In regards to Musk’s proposed sales price, 1/10th of Tesla’s current market capitalization is about $60 billion, which isn’t too far from the stock’s public value last year before it reached stratospheric heights in recent months.
Though Tesla is now worth more than $600 billion on the public markets after joining the S&P 500 this week, most Wall Street analysts seem perplexed by the stock’s recent growth, which has been owed to young and first-time investors rallying behind Tesla’s products and its CEO.
Source : TechCrunch