Entrepreneur Elon Musk has revealed that he mulled promoting off Tesla for grime low-cost to Apple throughout troublesome instances for the Mannequin 3 rollout, however stated firm CEO Tim Cook dinner rebuffed the supply, refusing to even grant him a gathering.
Musk let the element slip in a tweet on Tuesday, following experiences that Apple might enter the automobile market within the coming years with “subsequent degree” battery expertise, the place it will straight compete with Tesla.
“Through the darkest days of the Mannequin 3 program, I reached out to Tim Cook dinner to debate the potential of Apple buying Tesla (for 1/10 of our present worth). He refused to take the assembly,” Musk stated, deeming the main points about Apple’s future ‘iCar’ as “Unusual, if true.”
Through the darkest days of the Mannequin 3 program, I reached out to Tim Cook dinner to debate the potential of Apple buying Tesla (for 1/10 of our present worth). He refused to take the assembly.
— Elon Musk (@elonmusk) December 22, 2020
Whereas Musk didn’t give an actual timeframe for the supply, with Tesla shares presently going for simply over $640 and a market cap of some $607 billion, he instructed the buy-out might have been a helpful one for the California-based tech agency. The Mannequin 3 first rolled off the meeting line in 2017 after greater than a decade below improvement, turning into the world’s best-selling electrical automobile as of final March.
Based on a Reuters report on Monday, Apple goals to interrupt into the plug-in automobile market by 2024, with a group dubbed “Venture Titan” renewing efforts to develop a automobile from scratch after years of stop-start work. The corporate reportedly plans to develop a brand new battery design that would lower prices “radically” whereas boosting the automobile’s vary. Musk remained skeptical, nonetheless, stating that the “monocell” battery talked about within the Reuters report is “electrochemically inconceivable.”
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