Elon Musk had Spoken to Apple CEO Tim Cook About Acquiring Tesla Years Ago
On Tuesday, Elon Musk revealed that he reached out to Apple CEO Tim Cook about acquiring Tesla Inc., according to Reuters.
Musk made the call "during the darkest days of the Model 3 program" and offered the company to Cook for a tenth of its current value. "He refused to take the meeting", said Musk, founder and CEO of electric-car maker Tesla. During 2017 and 2018, Tesla was struggling to increase the production of its Model 3 sedan.
Musk revealed this on the same day that news broke about Apple attempting to produce a self-driving electric vehicle by 2024 with new battery technology. At the time Musk called it "production hell."
However, Tesla turned things around and has since reported several consecutive quarters of profitability. It recently joined the S&P 500 and has seen its valuation skyrocket.