[ad_1]
December 23, 2020 10:30:39 am
FILE – In this Tuesday, Dec. 1, 2020, file photo, SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer media award, in Berlin. In a tweet Tuesday, Dec. 22, 2020, Musk said he once considered selling the electric car maker to Apple, but the iPhone maker’s CEO Tim Cook blew off the meeting. (Hannibal Hanschke/Pool Photo via AP, File)
Tesla CEO Elon Musk says he once considered selling the electric car maker to Apple, but the iPhone maker’s CEO blew off the meeting.
In a tweet Tuesday, Musk said 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 value is $616 billion, as of the close of trading Tuesday. One-tenth of that is $61.6 billion.
Musk said he sought out the meeting with Cook “during the darkest days of the Model 3 program,” a reference to Tesla’s first electric car designed for the mass market. As recently as 2018, Tesla was struggling to meet its vehicle production goals and turn a profit.
Tesla’s fortunes have changed since then. The automaker is finally making money on a consistent basis after years of losses and continues to hit milestones for deliveries of its vehicles. Its shares have soared 665% this year alone, making it the world’s most valuable automaker and among the top 10 biggest US companies in the S&P 500 index, which Tesla entered on Monday.
Musk’s tweet followed published reports suggesting Apple is working on developing its own electric cars.
Apple declined to comment.
[ad_2]
Source link
