Tech News

Elon Musk tried to sell Tesla to Apple, but Tim Cook declined the meeting

Pinterest LinkedIn Tumblr

Musk had some objections to the arguments that Apple has something that Tesla does not and has now referred that he offered to Apple CEO Tim Cook. the possibility to buy Tesla for 10% of its current value during the “darkest days” of the Model 3 program.

Musk tweeted some responses to a Reuters article on Tuesday that said Apple is moving ahead with its plans to develop an electric car under the Titan Project and is already looking at “next level” battery technology. ”That will impress people in the same way that Steve Jobs did with the first iPhone.

Tesla launched the Model 3 with a starting price of $ 35,000 (around € 28,600) in mid-2017, but failed to meet its initial production goals on a large scale. However, in the next two years the Model 3 became the best-selling electric vehicle. According to Reuters, Apple plans to use a battery of unique “single-cell” design, which gives it a greater capacity to pack in active material and achieve longer distances.

tesla roadster atinge 400 kmh em menos de 20 segundos

Apple is also reportedly exploring lithium iron phosphate because of its resilience to overheating compared to the lithium-ion batteries used in Tesla smartphones, notebooks and vehicles today, and may start to manufacture a vehicle in 2024.

Musk said it would be “strange, if true” that Apple was exploring these materials for battery technology and argued that single-cell design was impossible. “Tesla already uses iron phosphate for mid-range cars made at our Shanghai plant,” wrote Musk. “A single cell is electrochemically impossible, as the maximum voltage is ~ 100X very low. Maybe they would work with connected cells, like our structural battery pack? Tesla CEO Elon Musk says that Apple had the opportunity to buy Tesla when it was worth $ 60 billion, or 10% of its current market value.

Apple could already have had an electric car company if it had accepted the offer to sell from Tesla CEO Elon Musk during its offer to sell in the “darkest days” of the company’s accessible Model 3 initiative. “During the darkest days of the Model 3 program, I contacted Tim Cook to discuss the possibility that Apple would acquire Tesla for 1/10 of our current value. He refused to accept the meeting, ”wrote Musk.

Musk’s comments come days after Tesla joined the general S&P 500 index. The company now has a market capitalization in excess of $ 600 billion, placing it close to Facebook and often more valuable than Ford and GM, despite having substantially fewer deliveries. In other words, Musk says Apple had the opportunity to buy Tesla when it was worth it, for just $ 60 billion.

Source: ZDNet

Want to read GSMNigeria more news? See Related Posts below

Want to read GSMNigeria more news? See Related Posts below

Originally published on GSM Nigeria Blog! All rights reserved Nigeria GSM
Have an article/sponsored Post to share? Whatsapp: +2348129656985.

Notify of
Inline Feedbacks
View all comments
Pin It