General
Apple was approached to buy Tesla during Model 3 program struggles, Elon Musk says, but Tim Cook blew off the meeting
Tesla chief executive Elon Musk says he once considered selling the electric car maker to Apple, but the iPhone maker’s boss blew off the meeting.
Key points:
- Tesla is now one of the world’s most valuable companies, but it struggled to turn a profit as recently as 2018
- Elon Musk says his approach to Apple came “during the darkest days” of its first mass market car production program
- Mr Musk’s comments came after reports suggesting Apple was working to develop its own electric car
In a tweet, Mr Musk said he reached out to Apple chief executive 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 $US616 billion ($814 billion), as of the…
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