On Tuesday, the Tesla boss Elon Musk stated that Tim Cook, Apple Inc. Chief Executive Officer has denied to meet him to have a conversation about acquiring Tesla years ago.
According to a tweet by Elon Musk, during the “darkest days” of the development of his organization’s Model 3 to exchange views about a potential contract. Moreover, the Tesla boss added that he had an intention to talk about the probability of selling Tesla to Apple for one-tenth of its present value, which means a valuation of around $60 billion.
Strange, if true.
– Tesla already uses iron-phosphate for medium range cars made in our Shanghai factory.
– A monocell is electrochemically impossible, as max voltage is ~100X too low. Maybe they meant cells bonded together, like our structural battery pack?
— Elon Musk (@elonmusk) December 22, 2020
Tesla burned cash because it accelerated production of its mass-market Model 3 electric vehicle in 2017. The Tesla boss, Elon Musk informed its workers at the company’s Fremont, California, plant that it suffered a period of “production hell” for six months or more. Furthermore, Elon also posted a tweet in which he talks about getting a nap on the roof of the factory because he decided to fix bottlenecks, after weeks of giving that statement.
On the statement of Musk, an Apple spokesperson refused to remark. However, Elon Musk explained that Tesla did not respond to a request for a remark on the timing of the proposal.
From the start of 2017, shares of Tesla and Apple have seen a huge increase. Tesla has earned higher, approximately 1,400 percent. However, it is still worth less than a third of the market capitalization of Apple. The stock of Apple has increased this week. On the other hand, Tesla has slipped on a Reuters report that Apple is intending to manufacture a self-driving car for customers in 2024.
Earlier this month, according to a report by Bloomberg News, California-based Cupertino tech giant changed supervision of its car project from past top engineer Bob Mansfield to John Giannandrea, which means that its driverless technology and artificial intelligence focus.
Moreover, the Tesla boss gives these remarks about Apple after a day its company
Musk’s remarks about Apple came a day after Tesla joined the iPhone manufacturer in the benchmark S&P 500 Index, culminating a year in which its stock has climbed. Investors have offered the shares because the organization has posted five back-to-back quarters of profit.
Travails of Tesla proceeded into 2018 when Musk posted a tweet he had “funding secured” to take the organization private. Accordingly, he accepted the deal to pay $20 million to resolve with the U.S. Securities and Exchange Commission however still fronts an investor claim. And since that tweet, Tesla shares are raised around 800 percent.