Elon Musk, Tesla CEO
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
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