Elon Musk on Tuesday said that Apple CEO, Tim Cook refused to take a meeting to acquire Tesla Inc. years ago. He tweeted that the offer was one-tenth of the current valuation of the company which would be around $60 billion then.
This is a big revelation, Musk wanted to discuss with Tim Cook the possibility of a deal that Apple acquired Tesla.
In 2017, Tesla burned cash as it ramped up output of its mass-market Model 3 electric vehicle. Musk told employees then at the company’s Fremont, California, plant that it faced a period of “production hell” for six months or longer. Weeks after making that statement, he tweeted about sleeping on the roof of a factory as he tried to resolve bottlenecks.
Apple has already made their intentions clear that they would be coming out with an electric car by 2024, in recent years, Apple has hired a number of ex-Tesla executives, specializing in the drive train, car interior, and self-driving technology.
Since then Tesla has been growing at a rapid rate, and particularly this year the shares have skyrocketed.
On these remarks, neither Tesla nor Apple have made comments. But these comments have certainly come at a very interesting point.
Let us know what do you guys think, was this a lost opportunity for Tim Cook, let us know in the comments section below.
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