Tags: elon musk | apple | 60 billion | tesla deal

Elon Musk: Apple Refused to Discuss $60 Billion Tesla Deal

Elon Musk: Apple Refused to Discuss $60 Billion Tesla Deal

Tuesday, 22 December 2020 06:38 PM

Apple Inc. Chief Executive Officer Tim Cook refused to take a meeting years ago to discuss acquiring Tesla Inc., Elon Musk said on Twitter Tuesday.

Tesla CEO Musk said in a tweet that he reached out to Apple during the “darkest days” of development of his company’s Model 3 to talk about a possible a deal. Musk said he planned to discuss the possibility of selling Tesla to Apple for one-tenth of its current value, indicating a valuation of about $60 billion.

During the darkest days of the Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value). He refused to take the meeting.

— Elon Musk (@elonmusk) December 22, 2020

Production of the Model 3 began in 2017, around the same time Apple decided to shift from development of a full-fledged Tesla competitor to an underlying self-driving car system. In recent years, Apple has hired a number of ex-Tesla executives who specialize in drive train, car interior and self-driving technology, indicating that the company is once again considering entering the market.

An Apple spokesman didn’t immediately respond to a request for comment.

Apple stock (AAPL) has climbed, while Tesla (TSLA) stock has slipped in response to a Reuters report that Apple is aiming it put a car into production as early as 2024. Apple shares climbed 2.9% to $131.88 on Tuesday.

© Copyright 2021 Bloomberg News. All rights reserved.


   
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Apple Inc. Chief Executive Officer Tim Cook refused to take a meeting years ago to discuss acquiring Tesla Inc., Elon Musk said on Twitter Tuesday.
elon musk, apple, 60 billion, tesla deal
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2020-38-22
Tuesday, 22 December 2020 06:38 PM
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