Technology

Tesla wanted to sell to Apple, but Tim Cook refused

Elon Musk has announced that he wants to sell Tesla to Apple, but Tim Cook declined his invitation. According to him, Apple could have acquired the automaker for a fraction of its current value.

“During the darker days of the Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple’s acquisition of Tesla,” Elon Musk said in his tweet. He notes that the price would have been a tenth of the current value of Tesla. The automaker has a market capitalization of $ 607 billion to date. Apple could therefore have bought it for around $ 60 billion. But ” [Tim Cook] declined the appointment, ”adds Elon Musk.

During the darkest days of the Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value). He refused to attend the meeting.

– Elon Musk (@elonmusk) December 22, 2020

The head of Tesla also commented on the rumor about the Apple Car for 2024. According to him, it is “strange when it is true”. He alludes in particular to the “single cell” concept that Apple wants to use in its autonomous car. It is “electrochemically impossible”.

Strange if it’s true.

– Tesla is already using iron phosphate in medium-haul cars manufactured at our Shanghai plant.

– A mono cell is electrochemically impossible because the maximum voltage is ~ 100X too low. Maybe they meant cells connected together, like our structural battery?

– Elon Musk (@elonmusk) December 22, 2020

For their part, analysts believe that the Apple Car will be real competition for Tesla and not for traditional automakers.

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