San Francisco, December 23
Tesla CEO Elon Musk says he once considered selling the electric carmaker to Apple, but the iPhone maker’s CEO blew off the meeting.
In a tweet on 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 programme,” 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. — AP