In a series of tweets, Elon Musk claimed that he tried to sell Tesla to Apple a few years ago. But, Apple’s CEO Tim Cook refused to take a meeting with him.
Tesla’s CEO Elon Musk wrote on Twitter that he reached out to Tim Cook during the “darkest days” of Tesla Model 3 development. Elon was ready to sell the company for 1/10th current value, i.e., ~$60 billion. But, Apple’s CEO Tim Cook, never took the meeting. Well, it looks like it turned out great for him.
This came as a response to a tweet about Apple Car production starting in 2024. In response to the tweet about Apple Car using ‘next-level’ battery technology, Elon wrote that the claim is ‘strange if true.’ He said that Tesla was already using iron-phosphate in their battery tech, and the monocell battery (breakthrough that Reuters’ sources claimed) might now be able to power a car.
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
Tesla, in 2017-2018 was a “production hell,” Elon Musk told the company’s investors in a meeting. The company was facing battery issues in its Nevada factory. But, Tesla bounced back quickly, and the company’s shares recently hit ~$700.
What an interesting world it would have been had the deal gone through. Apple’s Project Titan would have surely taken off and using Tesla’s manufacturing and other technology, the Apple car would be a reality. Who knows. Looks like Apple has something else in store for us.
What’s Your Take?
What was your reaction to reading this story? What do you think would have happened if Tesla and Apple combined for a car project? What if Apple had bought Tesla? Let us know in the comment section below!